The SBI Card ELITE offered by the State Bank of India is ideal for people who love to travel around the world. This card is carefully designed for the elite customers of the bank by offering a wide range of offers and rewards on hotel bookings, air travel as well as all foreign transactions made.
Apart from these benefits, this credit card also offers the usual benefits such as discounts on movie tickets, complimentary movie tickets, balance transfer on the EMIs and other forms of accelerated rewards. You can apply now for the card from the BankBazaar website or even the website of State Bank of India.
Welcome Gift: You as a cardholder will be getting an e-voucher worth Rs.5,000 from a particular lifestyle or a travel brand. Once the annual fee is paid by you, the e-voucher will be sent to the registered e-mail ID within 15 days. The voucher can be redeemed online as well in the retail store.
Milestone Benefit: You will receive 10,000 reward points if you spend Rs.3 lakh to Rs.4 lakh and 15,000 points on a spend an amount of Rs.4 lakh to Rs.5 lakh.
Annual Fee Waiver: The annual fee of Rs.4,999 will be waived off if the annual expenses on the card exceeds Rs.10 lakh.
Movie Benefits: A cardholder will get tickets worth up to Rs.6,000 in a year if the credit card is used to buy movie tickets. Every month, the cap of free tickets will be 2 and the cap for the ticket amount will be Rs.250.
Fuel Benefits: The 1% surcharge on all fuel transactions is waived off if the fuel is paid for with the SBI Card ELITE. This is valid on every petrol pump in the country for a minimum fuel transaction of Rs.500 to a maximum of Rs.4,000.
Fraud Coverage: If the cardholder loses the SBI Card ELITE or if there is a situation of theft, you must report it to the bank immediately. If done so, the card will be made liability free by the bank, in which case any sort of transactions of fraudulent nature can be tracked by the bank and the amount up to Rs.1 lakh can be recovered without any kind of extra charges.
Balance transfer on EMI benefits: The cardholders are given the benefit to transfer the outstanding balance on their SBI ELITE credit card to their other credit cards and pay the remaining amount in EMIs. In this way, the amount to be paid per month reduces as well as the rate of interest.
|Interest rate?||3.35% per month|
|Cash withdrawal fee?||Up to 80% of the credit limit with an upper limit of Rs.15,000 per day.|
|Rewards redemption fee?||Rs.99|
|Late payment fee?||The total due amount for Rs.0 - Rs.200 - Nil Rs.201 to Rs.500 - Rs.100 Rs.501 to Rs.1,000 – Rs.400 Rs.1,001 – Rs.10,000 – Rs.600 Rs.10,001 – Rs.25,000 – Rs.800 More than Rs.25,000 – Rs.950|
|Payment?dishonour?fee?||2% of the payment amount for a minimum amount of Rs.450.|
|Statement retrieval fee?||Rs.100 per statement which will be more than 2 months old.|
|Over-limit fee?||2.5% of the over limit amount, for a minimum of Rs.500.|
|Foreign currency transaction fee?||The conversion markup is 1.99%|
|Card replacement charge?||Rs.100|
|Surcharge on railway tickets booked at IRCTC ticket counters||2.5% of the transaction amount with an additional charge of Rs.30|
|Surcharge on railway tickets booked online through IRCTC website||1.8% of the transaction amount added with service charge|
Here are the eligibility criteria which needs to be met by you in order to apply for an SBI ELITE Credit Card:
Here is a list of documents which you need to submit while applying for this credit card:
Once the documents are submitted, an acknowledgement is given to the applicant by the bank which will include an application ID. This ID can be used to track your application at its every stage until approval.
You can apply for the SBI ELITE Credit Card directly from the website of State Bank of India
Or else, you can also apply for the credit card on BankBazaar, from the same page you’re currently on, to get additional benefits as well as avail various exclusive partner offers.
Follow the steps to apply now –
Once the documents are submitted successfully, you will receive an acknowledgement message carrying the application ID. You can use the same to track your credit card application status in the later stage.
You will be required to pay Rs.4,999 as the initial fee.
The annual membership fee for SBI ELITE credit card is Rs.4,999. The annual fee is waived off if you spend Rs.10 lakh or more with the card for a year.
Cardholders are offered a fraud liability cover worth Rs.1 lakh. You will be required to report the loss within 48 hours. You will need to visit the website of the bank or call the SBI credit card customer care helpline.
The cash advance limit offered for this card is up to 80% of the total credit limit.
Yes, you can avail various add-on cards on the Elite Credit Card. You can apply for a supplementary card online or by visiting the nearest branch.
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