SBI

SBI Elite Credit Card

This is an invite only card

Apply and get ₹1200 Rewards

Top Benefits

5X Reward Points

on dining spends, maximizing your rewards on dining experiences

Get up to ₹6,000 Free Movie Tickets

every year, with ₹250 off per ticket twice a month

Best For

Shopping

Airport Lounge

Dining

Grocery Shopping

The SBI Elite Credit Card is a premium lifestyle credit card from SBI Card built around dining, mov...

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The SBI Elite Credit Card is a premium lifestyle credit card from SBI Card built around dining, movie, and travel benefits. Issued on the Visa network, it carries a ₹4,999 joining fee and a ₹4,999 annual fee, with the annual fee waivable on annual spends of ₹10,00,000 or more.

The flagship welcome benefit is a ₹5,000 e-Gift voucher on activation (within 60 days of payment of joining fee). This fully offsets the joining fee, making the first year economically attractive.

Eligibility requires applicants to be between 21 and 70 years of age, with a minimum annual income of ₹12 LPA for both salaried and self-employed (₹1,00,000 monthly). CIBIL score requirement is 750 or above.

The card delivers tiered rewards: 5X reward points on dining, departmental stores, and grocery spends (10 RP per ₹100), plus 2 reward points per ₹100 on all other retail spends. 1 reward point = ₹0.25 at redemption, so dining/grocery earns 2.5% effective return.

Travel benefits are extensive: complimentary Priority Pass with 6 international + 2 domestic lounge visits per quarter (total 24 international + 8 domestic annually), 25% off at American Express dining establishments, and 15% off at The Lalit hotel F&B outlets.

Movie benefits include 6 free movie tickets per year, capped at ₹250 per ticket. So users can save up to ₹1,500 annually on movie spending.

The forex markup is 1.99% on international transactions, significantly better than the 3.5% standard. The card includes Visa Infinite concierge service, purchase protection, and travel insurance.

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Commonly Asked Questions

Q. What is the joining fee?

A. The joining fee is ₹4,999 plus applicable GST, offset by a ₹5,000 e-Gift voucher on activation.

Q. Can the annual fee be waived?

A. Yes, on annual spends of ₹10,00,000 or more.

Q. How many international lounge visits are included?

A. 24 international lounges per year (6 per quarter) via complimentary Priority Pass membership.

Expert Review

The SBI Elite is a well-rounded premium lifestyle credit card with exceptional international lounge access. The combination of 24 Priority Pass international lounges, 5X rewards on dining/grocery, 6 free movie tickets, and 1.99% forex markup creates a comprehensive lifestyle proposition.

For a user spending ₹5-7 lakh annually with regular international travel and dining out, the card delivers approximately ₹20,000-₹25,000 in annual value. Against ₹5,899 annual fee, this is excellent ROI especially in the first year with the ₹5,000 welcome voucher offset.

The 24 international lounges per year is the standout feature. Most premium cards in this fee tier offer only 4-8 international lounges, so the SBI Elite provides significantly more lounge access for frequent international travellers.

The card has limitations. The ₹10 lakh annual fee waiver threshold is high, meaning most users pay the fee every year. The reward redemption fee adds friction. The 5X earning categories (dining/grocery/departmental stores) are useful but narrower than broader earning structures.

Our recommendation: get this card if you travel internationally 4+ times a year and dine out frequently. For users who don't travel internationally, the HDFC Regalia at ₹2,500 fee with ₹3 lakh waiver delivers better value for moderate users.

Joining / Annual Fee

Joining Fees

₹5,899 ( ₹4999 + GST )

logo Welcome voucher of ₹5000 on card activation

Annual Fees

₹5,899 ( ₹4999 + GST )

logo The annual fee is waived if you spend ₹10 lakh or more in a year on your card, as per bank policy.

Joining fee is ₹4,999 plus GST, offset by ₹5,000 e-Gift voucher on activation. Annual fee is ₹4,999...

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Joining fee is ₹4,999 plus GST, offset by ₹5,000 e-Gift voucher on activation. Annual fee is ₹4,999 plus GST from year two, waivable on ₹10,00,000 annual spend.

GST at 18% applies, so the total first-year cost is ₹5,899. The annual fee from year two, if not waived, is also ₹5,899.

The ₹10 lakh annual fee waiver threshold is high. Users below this spend level pay ₹5,899 every year, but the welcome ₹5,000 voucher offsets it in year one.

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Commonly Asked Questions

Q. What is the joining fee?

A. ₹4,999 plus 18% GST, totalling ₹5,899.

Q. How can the annual fee be waived?

A. On annual spends of ₹10,00,000 or more.

Q. Is the joining fee offset?

A. Yes, the ₹5,000 e-Gift voucher fully offsets the joining fee.

Q. Is GST applicable?

A. Yes, 18% GST applies.

Eligibility

Age
Criteria*

21-60 years

Salary
Criteria*

12LPA

Credit
Rating*

720+

New to credit
allowed

Yes

Existing Bank
Customer Allowed

Yes

Applicants must be between 21 and 70 years of age. The minimum annual income is ₹12 LPA for both sa...

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Applicants must be between 21 and 70 years of age. The minimum annual income is ₹12 LPA for both salaried and self-employed (₹1,00,000 monthly).

A CIBIL score of 750 or above is required. SBI Card also considers credit behaviour, payment history, and credit utilisation.

You must be a resident Indian citizen with valid PAN, Aadhaar, and address proof.

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Commonly Asked Questions

Q. What is the minimum income?

A. ₹12 LPA for both salaried and self-employed.

Q. What CIBIL score is needed?

A. 750 or above.

Q. Can senior citizens apply?

A. Yes, the age limit of 70 makes this accessible to senior professionals.

Q. Are NRIs eligible?

A. No, only resident Indian citizens.

See if you are eligible for this card

All Card Benefits

Earn 5X Reward Points on dining and grocery spends for maximum rewards
Enjoy complimentary movie tickets with discounts of up to ₹500 per transaction through BookMyShow, with total savings worth ₹6,000 annually
Receive a premium brand e-Gift voucher worth ₹5,000 upon joining
Avail 6 complimentary visits to domestic airport lounges per year maximum 2 visits per quarter

The SBI Elite combines premium dining, movie, and lounge benefits with strong reward earning on lif...

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The SBI Elite combines premium dining, movie, and lounge benefits with strong reward earning on lifestyle categories.

The reward structure delivers 5X reward points on dining, departmental stores, and grocery spends (10 RP per ₹100), plus 2 reward points per ₹100 on all other retail spends. At ₹0.25 per point, dining and grocery deliver 2.5% effective return, while other retail delivers 0.5%.

For a user spending ₹15,000 monthly on dining, departmental stores, and grocery (₹1.8 lakh annually), the card delivers ₹4,500 in annual rewards from these accelerated categories alone. Add ₹3 lakh of other retail at 0.5% (₹1,500) and the annual base earning reaches ₹6,000.

Welcome benefit is a ₹5,000 e-Gift voucher from one of the partner brands (typically Yatra, Marriott, Hush Puppies, Bata, Aldo, Pantaloons, or similar). The voucher fully offsets the joining fee.

Travel benefits include complimentary Priority Pass with 6 international lounge visits per quarter (24 annually), plus 2 domestic lounge visits per quarter (8 annually), with a maximum of 2 international visits per quarter. This is among the most generous lounge structures in the Indian premium card market.

Dining benefits include 25% off at American Express dining establishments (in India) and 15% off on F&B at The Lalit group of hotels. These are additive to the 5X reward earning on dining spends.

Movie benefits include 6 free movie tickets per year, capped at ₹250 per ticket. Use SBI Card movie offers via partner platforms like BookMyShow or PVR. Total annual movie savings potential is ₹1,500.

The forex markup is 1.99% on international transactions. The card includes Visa Infinite concierge service, purchase protection, and travel insurance benefits including air accident cover.

Fuel surcharge waiver is 1% on transactions between ₹500 and ₹4,000, max ₹250 per statement.

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Commonly Asked Questions

Q. What is the reward structure?

A. 5X RPs (10 per ₹100) on dining, departmental stores, grocery. 2 RPs per ₹100 on other retail.

Q. What are the lounge benefits?

A. 6 international + 2 domestic lounge visits per quarter (24 intl + 8 dom annually), with max 2 intl per quarter.

Q. What are the dining benefits?

A. 25% off at American Express dining establishments and 15% off at The Lalit F&B outlets.

Q. What is the movie benefit?

A. 6 free movie tickets per year, capped at ₹250 per ticket.

Q. What is the forex markup?

A. 1.99% on international transactions.

Q. What is the welcome benefit?

A. ₹5,000 e-Gift voucher from a partner brand on activation within 60 days.

Q. Is concierge service included?

A. Yes, 24x7 Visa Infinite concierge service.

Milestone Benefits

15000 reward points(Worth ~ ₹3,750)

Spend ₹5,00,000 in 365 days

10000 reward points(Worth ~ ₹2,500)

Spend ₹4,00,000 in 365 days

10000 reward points(Worth ~ ₹2,500)

Spend ₹3,00,000 in 365 days

15000 reward points(Worth ~ ₹3,750)

Spend ₹8,00,000 in 365 days

How to Redeem Rewards & Cashback?

Rewards Conversion Rate

1 reward point = ₹0.25

Redemption Options

Flight & Hotel booking
Product

To check redemption catalogue

Click Here

Reward redemption is done through the SBI Card website, SBI Card mobile app, or by calling SBI Card...

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Reward redemption is done through the SBI Card website, SBI Card mobile app, or by calling SBI Card customer service.

1 reward point = ₹0.25 across the SBI Card rewards catalogue. You can redeem for vouchers from popular brands, statement credit (at lower conversion rates), products, travel bookings, and partner airline miles transfers.

Reward redemption fee is ₹99 plus GST per redemption request.

Reward points have an expiry period of typically 2 to 3 years from the date earned.

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Commonly Asked Questions

Q. What is the redemption value?

A. 1 reward point = ₹0.25 across the SBI Card catalogue.

Q. Is there a redemption fee?

A. Yes, ₹99 plus GST per redemption request.

Q. Do reward points expire?

A. Yes, typically 2 to 3 years from the date earned.

Gift card - Key Terms

Once you apply, we will start tracking your application

Generally takes 2-72 hrs

Once the bank confirms us of your successful card activation, we will process your rewards

Generally takes 7-75 days

You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards

Generally takes 7-75 days

Note: If you currently hold or have ever held an SBI Credit Card, you are not eligible for CashKaro Rewards.

Rewards Related

If you currently hold or have ever held an SBI Credit Card, you are not eligible for Gift Card
A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
Please use Aadhaar linked mobile number to fill the application
If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards

Also, Remember

Resume your application only via Great.Cards to avoid losing Rewards
If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card

Bank Exclusions

You will not earn points / cashback on spends in the following categories

For Points / Cashback Earnings

Rent Payment

Fuel Spends

Insurance Payments

EMI Spends

ATM Cash Withdrawals

Jewellery Purchases

Education Spends

Government-related Transactions

Wallet Loads

Bank Charges & Fees

All Reversals

Gambling Transactions

Toll Payments

Security Broker Services

Charity

Railways

Utility Bill Payments

Balance Transfer

Financial Charges

For Spends Waiver

Rent Payment

Fuel Spends

Insurance Payments

EMI Spends

ATM Cash Withdrawals

Jewellery Purchases

Education Spends

Government-related Transactions

Wallet Loads

Bank Charges & Fees

All Reversals

Gambling Transactions

Toll Payments

Security Broker Services

Charity

Railways

Utility Bill Payments

Balance Transfer

Financial Charges

Excluded categories from reward points typically include rent payments, fuel spends, cash withdrawa...

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Excluded categories from reward points typically include rent payments, fuel spends, cash withdrawals, EMI conversions, wallet loads, government services, and educational institutions.

Refer to the latest MITC for the full exclusion list.

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Commonly Asked Questions

Q. Are rent payments excluded?

A. Yes, rent payments are excluded.

Q. Do fuel transactions earn rewards?

A. No, fuel spends are excluded. The card offers a 1% fuel surcharge waiver.

Q. Are education spends rewarded?

A. No, educational institution payments are excluded.

Bank Fee Structure

Structure	Details
Forex Markups 1.99% Forex Markup is charged on all transactions made in currencies other than INR. This applies when you shop on international websites or swipe your card abroad at physical stores.	1.99%
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid	3.75%
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable).	2.50%
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request.	₹99
Link for all T&Cs	Click Here
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets.₹10 is charged per transaction for bookings via IRCTC	1%
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card	₹199 + GST
cheque Payment Fees ₹200 will be charged for all payments done via Check	₹200
Cash Payment Fees ₹250 + taxes will be charged for all payments done via Cash	₹250

Late Payment Fees	Amount Due
₹0 - ₹500	₹0
₹501 - ₹1000	₹400
₹1001 - ₹10000	₹ 750
₹10000 - ₹25000	₹ 950
₹25001- ₹ 50000	₹ 1100
₹50000 and above	₹1300

Joining fee ₹4,999 plus GST. Annual fee ₹4,999 plus GST from year two, waivable on ₹10,00,000 annua...

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Joining fee ₹4,999 plus GST. Annual fee ₹4,999 plus GST from year two, waivable on ₹10,00,000 annual spend.

Forex markup is 1.99% on international transactions.

APR on revolving balances is 3.75% per month, equivalent to 45% per annum.

Cash advance fee is 2.5% of withdrawn amount, minimum ₹500. Reward redemption fee is ₹99 plus GST per redemption.

Railway surcharge is 1% of transaction amount. Rent payment processing charge is 1% of transaction.

Cheque payment charge is ₹25 per cheque (lowest among premium cards). Cash payment at branch is ₹250 plus applicable taxes (SBI branches).

Late payment charges are slab-based: ₹0 below ₹500, ₹400 for ₹501 to ₹1,000, ₹750 for ₹1,001 to ₹10,000, ₹950 for ₹10,001 to ₹25,000, ₹1,100 for ₹25,001 to ₹50,000, and ₹1,300 above ₹50,000.

Fee Type	Amount
Joining Fee	₹4,999 + GST
Annual Fee	₹4,999 + GST (waived ₹10L)
Forex Markup	1.99%
APR	3.75% per month (45% p.a.)
Cash Advance Fee	2.5% (min ₹500)
Reward Redemption Fee	₹99 + GST per redemption
Railway Surcharge	1% of transaction
Rent Payment Charge	1% of transaction
Cheque Payment Charge	₹25 per cheque
Cash Payment at Branch	₹250 + taxes (SBI branches)
Late Payment Charges	₹0 / ₹400 / ₹750 / ₹950 / ₹1,100 / ₹1,300 (slab-based)

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Commonly Asked Questions

Q. What is the interest rate?

A. 3.75% per month or 45% per annum.

Q. What is the forex markup?

A. 1.99% on international transactions.

Q. What is the cheque payment charge?

A. ₹25 per cheque, among the lowest in the Indian premium card market.

Q. What are late payment charges?

A. Slab-based from ₹0 to ₹1,300.

Q. What is the cash advance fee?

A. 2.5% of withdrawn amount, minimum ₹500.

Q. Is there a redemption fee?

A. Yes, ₹99 plus GST per redemption.

Documents Required

Identity proof: PAN plus Aadhaar, Voter ID, passport, or driving licence. Address proof: Aadhaar, utility bills, rental agreement, passport, or driving licence.

Income proof for salaried: last 3 months' salary slips and 6 months' bank statement. Self-employed: last 2 years' ITR, business bank statement, and proof of business existence.

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Commonly Asked Questions

Q. Is PAN mandatory?

A. Yes.

Q. What income proof is needed for salaried?

A. Last 3 months' salary slips and 6 months' bank statement.

Q. What income proof is needed for self-employed?

A. Last 2 years' ITR, business bank statement, and proof of business existence.

Who Should Get This Card?

The SBI Elite is built for upper-middle-income lifestyle users who dine out frequently, watch movies regularly, and travel internationally 2-4 times a year. The typical user is in the ₹15-30 LPA income bracket and spends ₹5-10 lakh annually across consumption categories.

For a user spending ₹2 lakh on dining/grocery, ₹4 lakh on other retail, and travelling 3 times a year internationally, the card delivers approximately ₹5,000 (dining rewards) + ₹2,000 (other retail) + ₹9,000 (lounge value at ₹3,000 per international visit, 3 used) + ₹1,500 (movie tickets) + welcome ₹5,000 = ₹22,500 in first-year value. Against ₹5,899 annual fee, this is ~4x ROI.

The 1.99% forex markup makes this card useful for international transactions. The 24 international lounges via Priority Pass is exceptional, useful for frequent flyers.

This card is not the right pick if your annual spending is below ₹5 lakh or you don't travel internationally. The high ₹10 lakh waiver threshold means the fee is paid every year for most users. For pure cashback, consider the SBI Cashback. For unlimited lounges, the HDFC Infinia delivers more value.

Credit Limit and What to Expect

The credit limit depends on income, CIBIL score, and existing obligations. For ₹12 to ₹25 LPA income profiles, typical starting limits range from ₹2,00,000 to ₹5,00,000.

SBI Card offers enhancements after 6 to 12 months of regular usage. Cash advance limit is usually 20% to 40% of total limit.

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Commonly Asked Questions

Q. What credit limit can I expect?

A. ₹2,00,000 to ₹5,00,000 for ₹12 to ₹25 LPA income.

Q. When can I request an increase?

A. After 6 to 12 months of regular usage.

Q. What is the cash advance limit?

A. 20% to 40% of total credit limit.

How to Apply?

Apply through the SBI Card website, partner platforms like BankKaro, or by visiting any SBI Card branch.

Online application via sbicard.com is the most common route. Fill in PAN, Aadhaar, employment type, and monthly income. Upload digital copies of identity, address, and income proof.

SBI Card runs bureau and internal verification. Initial decision in 2 to 5 working days. Physical card dispatched within 7 to 14 working days.

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