Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Central Bank of India SBI Elite Card

    The Central Bank of India SBI Elite Card is a credit card that was launched as a collaboration between the Central Bank of India and State Bank of India (SBI). The card comes with several welcome benefits and privileges.

    Central Bank of India SBI Elite Card Features

    The main features of the Central Bank of India SBI Elite Card are mentioned in the table below:

    Category Features
    Contactless Advantages
    • A secure reader can be used to make payments.
    • Convenient and fast.
    • Due to the contactless transaction facility, the risks of fraud and card loss reduces significantly.
    Fuel Surcharge Waiver
    • The fuel charge waiver is 1% for transactions that range between Rs.500 and Rs.4,000.
    • Up to Rs.250 can be availed as a surcharge waiver per payment cycle.
    Emergency Card Replacement
    • You can get the card replaced anywhere.
    • You can call the 24x7 helpline number in case the card needs to be replaced if you are traveling abroad.
    Cash Access You can withdraw cash at any of the 1 million Visa ATMs across the world.
    Easy Bill Pay Facility With the help of the Easy Bill Pay facility, you can pay the mobile, telephone, and electricity bill easily.
    Balance Transfer
    • You can save money by using the Balance Transfer option and pay the credit card bills.
    • Low-interest rates are provided.
    Global Acceptance The card is accepted at more than 3 lakh outlets in India and 24 million outlets abroad.
    Fraud Liability Cover
    • Air Accident Liability cover worth Rs.50 lakh is provided free of cost.
    • Fraud Liability Cover worth Rs.1 lakh is provided free of cost.
    • You can contact the bank to know the terms and conditions of the cover.
    Add-On Card You can avail an add-on card for two family members.
    Secure and Safe The card is chip-enabled.
    Flexipay Any transactions worth Rs.2,500 and above can be converted to Equated Monthly Instalments (EMIs).
    Easy Money With the help of the facility, a cheque or draft can be availed against the cash limit that is available.

    Fees and Charges

    The different charges that are levied by SBI on the Central Bank of India SBI Elite Card are mentioned in the table below:

    Category Fee
    Annual Fee Rs.4,999
    Renewal Fee Rs.4,999
    Add-On Fee Nil
    Finance Charges Up to 3.35% per month
    Minimum Amount Due 5% of the total amount that is outstanding
    Cash Advance Up to 80% of the credit limit
    Cheque Payment Fee Rs.199
    Late Payment Fee
    • Rs.0-Rs.500: Nil
    • Rs.500-Rs.1,000: Rs.400
    • Rs.1,000-Rs.10,000: Rs.750
    • Rs.10,000-Rs.25,000: Rs.950
    • Rs.25,000-Rs.50,000: Rs.1,100
    • Rs.50,000 and above: Rs.1,300
    Card Replacement Rs.100

    Eligibility Criteria

    The eligibility criteria that must be met in order to apply for the Central Bank of India SBI Elite Card are mentioned below:

    • Businessmen and salaried employees can apply for the card.
    • You must be an Indian resident.
    • Your credit score must be good.
    • Salaried employees must be between the ages of 21 years and 60 years.
    • Self-employed individuals must be between the ages of 21 years and 65 years.

    Documents Required

    The documents that must be submitted to apply for the card are mentioned below:

    • Address proof
    • Identity proof
    • Income proof
    • Bank statement

    You can contact the bank to check if any other documents must be submitted.

    FAQs on Central Bank of India SBI Elite Card

    1. I have applied for Central Bank of India SBI Credit Card. How can I track the status of my credit card application?

      You can click on this link https://www.sbicard.com/en/personal/credit-cards/banking-partnership/central-bank-of-india-elite-card.page and scroll down the page and click on ‘Learn More’ under ‘Track Application’. Enter your application or reference number followed by your first name and mobile number and track the status of your application.

    2. How can I get important information related to credit card through SMS?

      You can find information instantly related to Central Bank of India SBI credit card through SMS by sending a message to 5676791 through your registered mobile number.

    3. Is the Central Bank of India SBI Elite Card accepted globally?

      Yes, the Central Bank of India SBI Elite Card is accepted globally at over 24 million outlets all over the world including 3,25,000 outlets in India.

    4. What should I do if lose my credit card?

      You will need to immediately get in touch with either Central Bank of India or SBI credit card customer care executive and get your credit card blocked. You can also get your card blocked through net banking. You can also get your card blocked offline by visiting the nearest branch of SBI or Central Bank of India.

    5. Can I get my credit card replaced in case it gets damaged?

      In case your credit card gets damaged then you can get in touch with the bank’s customer care executive and request for your credit card to be replaced. You can visit the bank’s nearest branch and request for a replacement. You can use SBI or Central Bank of India net banking portal to request for a replacement of your credit card.

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