SBI Card ELITE

SBI · MASTERCARD★4.1/ 5

✓ Details last verified 1 Jan 2025

SBIPREMIUM

)))

5•••  ••••  ••••  ••42

Card name

SBI Card ELITE

•••

This card is the property of SBI. If found, please return to the nearest SBI branch. Use subject to the issuer's terms.

SBI

↻ Hover or tap the card to flip

Reviewed by CardAdvisor Editorial Team· Last verified 1 Jan 2025· How we research

SBI Elite is SBI Card's premium offering with a strong travel focus — 5X reward points on dining, movies, and grocery, and complimentary Trident Privilege Red tier and Club Vistara Silver memberships included. Lounge access on both Visa and MasterCard networks.

At a glance

₹4,999

Joining fee

₹4,999

Annual fee

₹10,00,000/yr spend

Fee waiver

~₹5,000

Welcome benefit

1.25%

Best reward rate

₹60,000/mo

Min income

Rewards by category

What you earn on every rupee, per spend category.

Category	Type	Rate	Monthly cap
Dining	reward points	1.25%	—
Travel	reward points	0.50%	—
Other	reward points	0.50%	—

Dining: 5X points on dining

Travel: 2X points on travel

Other: 2X points on all other spends

Fees & charges

The numbers that matter beyond rewards — verify on the issuer site before applying.

100% p.m. · 1200.0% p.a.

Finance charge (APR)

3.5%

Forex markup

100% (min ₹600)

Cash advance fee

Free

Add-on card fee

1%, cap ₹1,000

Fuel surcharge waiver

Rent payment fee

₹99

Reward redemption fee

LATE PAYMENT FEE

Outstanding balance	Late fee
Up to ₹500	Nil
₹501 – ₹5,000	₹500
₹5,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹900
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

Perks & benefits

Estimated annual value beyond rewards.

~₹24,800

total perk value/yr

✈️

lounge access~₹20,000/yr

8 domestic + Priority Pass for international access

DomesticInternational

🎬

movie ticket~₹4,800/yr

2 free movie tickets per month via BookMyShow

Who is this card for?

Frequent travellersHigher spenders

💳Premium tier — a solid all-rounder for steady monthly spend.
🎯Strongest value if you spend heavily on Dining (1.25% back).
✈️Frequent travellers benefit from the included airport lounge access.

👍 Pros

✓Strong rewards that can offset the annual fee for the right spender
✓Premium lifestyle perks (lounge, concierge, milestone benefits)
✓Lower forex markup, friendlier for international spend

👎 Cons

✕Annual fee applies unless the spend-based waiver is met
✕Higher income / eligibility bar

Eligibility & documents

Age21–65 years

Min. income₹60,000/mo

EmploymentSalaried · Self-employed · Student

DOCUMENTS REQUIRED

📄PAN card
📄Aadhaar / valid address proof
📄Latest 3 months bank statement
📄Income proof — salary slips (salaried) or ITR (self-employed)
📄Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

🎁Statement credit / cashback adjustment
🎁Online rewards catalogue (vouchers, merchandise)
🎁Flight & hotel bookings via the issuer rewards portal
🎁Airline / hotel partner point transfers (on eligible cards)

What your sbi reward points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

Statement creditBEST

Capped at 60,000 pts/month from Apr 2026

₹0.25/pt

Rewards catalogueBEST

Vouchers & merchandise

₹0.25/pt

🔥 Live offers on this card

2 live

Transfer bonuses and promos running right now for this card's rewards.

🎁

Festive catalogue: points worth ₹0.35

Limited festive window — redeem SBI Reward Points on the gift catalogue at an improved ₹0.35/point. Redeem before the Apr-2026 statement-credit cap bites.

Ends 2026-06-25 · view offer ↗

🛒

Flights via SBI rewards portal — ₹0.50/point

Book flights through the SBI rewards portal to redeem at ₹0.50/point — double the statement-credit value before the Apr-2026 cap.

Ends 2026-06-28 · view offer ↗

See your best move with these points →

Frequently asked questions

What is the annual fee for the SBI Card ELITE?+

The annual fee is Rs 4999, which is waived on annual spends of Rs 1000000.

What is the foreign currency markup?+

The forex markup is 2.50% on international transactions.

Is there a fuel surcharge waiver?+

Yes — a 1.00% fuel surcharge waiver, up to Rs 1000 per statement cycle.

What is the minimum age and income to apply?+

Applicants must be at least 21 years old with a minimum income of Rs 60000 per month.

SOURCES & VERIFICATION

Fees, reward rates, and benefits for the SBI Card ELITE are taken from SBI's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed for accuracy by CardAdvisor Editorial Team. Card terms change often — always confirm current details on the issuer's site before applying. How we research & review →