Looking for a credit card which rewards you each time you spend? Then consider the SBI Elite Credit Card. The joining fee is Rs.4,999. This also functions as the fee for the first year. From the second year onwards, the annual fee (or the renewal fee) is also Rs.4,999. This amount, however, can be waived if you spend a minimum of Rs.10 lakh within a year. If you are wondering what the interest rate is, well it is up to 3.35% per month or 40.2% p.a.
The State Bank of India offers the ELITE card for the people who travel frequently all over the country and the world. It is a travel and lifestyle credit card which offers a wide range of offers such as domestic and international lounge access, and discounts on an international and domestic flight and hotel bookings. Apart from this, the ELITE credit card has dining and entertainment offers as well.
Key Highlights of the SBI ELITE Credit Card Welcome Benefits
For every Rs.100 spent, earn 2 reward points.
Get free movie tickets worth Rs.6,000 every year.
This offer will be valid for a minimum of 2 tickets per booking per month.
Earn up to 10,000 reward points on an annual expenditure of Rs.3 lakh and 4 lakhs.
Add – Earn up to 15,000 reward points on annual spends.
Low Foreign Exchange Markup
The SBI ELITE credit card offers the lowest forex mark-up charge at 1.99% for international use.
With this card, you are also entitled to exclusive assistance from the bank with travel bookings, holiday packages, movies and dining reservations.
Annual Fee Waiver
The annual fee is waived off if your annual expenditure is more than Rs.10 lakh.
Benefits and Features of SBI ELITE Credit Card
Trident Privilege Membership
Enjoy a complimentary Trident Privilege Red Tier Membership.
On registration, get a welcome gift of 1,000 points.
Get 1,500 bonus points on your first stay at the hotel and an additional Rs.1,000 hotel credit on an extended overnight stay.
Fuel Surcharge Waiver
1% fuel surcharge is waived off on transactions ranging from Rs.500 to Rs.4,000 at any petrol pump.
The maximum surcharge waived per credit card is Rs.250.
Domestic Airport Lounge Program
Benefit from the Domestic Lounge Program offered by the card.
Avail 2 complimentary domestic lounge visits every quarter in the country.
International Airport Lounge Program
With the credit card, complimentary membership to the Priority Pass Program is given.
Enjoy 6 complimentary international lounge visits per year. Maximum of 2 visits per quarter.
Get access to more than 1,000 airport lounges all over the world.
Club Vistara Membership
Get complimentary membership to Club Vistara Silver.
Get 1 free Lounge Access Voucher and 1 Upgrade Voucher.
With every Rs.100 spent, get 9 Club Vistara Points.
MasterCard / VISA Privileges
Save up to 10% on car rental bookings with Hertz and up to 35% on car rentals with Avis.
Earn up to 10,000 points per night on hotel stay on Kaligo.com along with 25% extra miles.
Get up to 50% off on gold games and 1 complimentary lesson per month with your credit card. Available at selected golf courses in India.
Fraud Liability Cover
Enjoy free Rs.1 lakh fraud liability cover on your card.
The cover is applicable from the period of 2 days prior to the reporting of loss till 7 days post reporting of loss.
SBI ELITE Credit Card Limit
The credit limit of the State Bank of India ELITE credit card is given at the discretion of the bank. There are several factors involved which are the credit history of the applicant, the credit report and score. Apart from this, the ongoing debts or loans of the applicant is a factor for deciding the card limit.
Latest Offer Benefits of SBI ELITE Credit Card
Enjoy a cashback of 5% on selected phones from the Vivo online store.
On a minimum transaction of Rs.2,500 and above, get 7.5% cashback at all Spencer's stores.
Apply the promo code SBI100 to get an Rs.3,000 discount at purchases made on Rentomojo.
Avail EMI mode of payment on purchases made on Myntra.com, Bodyshop.in, Amazon.in, Snapdeal.com, Flipkart.com, etc.
Get cashback of 5% on the purchase of Canon products at the store for a minimum purchase amount of Rs.35,000.
Enjoy a discount of 20% every Monday and Tuesday on your food orders by applying the coupon code SBI200.
At selected restaurants on Nearbuy.com, get a cashback of 5% on a minimum transaction amount of Rs.1,500.
Get a discount of Rs.1,000 on flight bookings made on EaseMyTrip.
Enjoy a discount of 20% on domestic and international hotel bookings on EaseMyTrip.
Avail a wide range of discounts on domestic and international flights on Travelxp.
Benefit from EMI mode of payments available on travel bookings on Cleartrip and Yatra.com.
Reward Point Benefits of SBI ELITE credit card
On dining, departmental store purchases and grocery spends, get 5X reward points.
For every Rs.100 spent on other purchases, earn 2 reward points.
How To Redeem Reward Points?
Redeeming reward points can be done through net banking. To do so, here are the steps you need to follow:
Log in to your net banking account.
Select the option of 'redeem rewards' from the main page.
Your rewards will be shown on the left side of the page.
Choose the reward category from which you wish to redeem the points.
Add your city.
Input the quantity of the reward and then select 'add to cart'.
Check the disclaimer and then select the option of 'place order'.
Fees and Charges of the SBI ELITE Credit Card
Type of Charge
Rs.4,999 (From 2nd year)
Up to 3.35% per month
Add-On card fee
Cash withdrawal fee
2.5% of the amount withdrawn or Rs.300 (SBI ATMs)
3% of the amount withdrawn or Rs.300 (International ATMs)
The add-on cardholder must be above the age of 15 years.
The applicant must be a citizen of India.
A credit score of 750 or above is essential to be eligible for the card.
Documents Required To Apply For The SBI Elite Credit Card
Identity proof, which is PAN, driving license, Aadhaar Card, etc.
Proof of income such as the latest salary slips, Form 16, copy of IT returns, etc.
Filled application form.
A copy of Form 60 or PAN card.
Proof of residence which can be a Passport, Ration card, electricity bill, Aadhaar, etc.
Colored passport size photographs of the applicant.
The above-mentioned list of documents is indicative. It can be changed, or additional documents can be asked when you apply for the ELITE credit card.
How To Apply For The Sbi Elite Credit Card Online?
The primary method to apply for this card is through the website of State Bank of India.
However, you can also apply for a credit card through the website of BankBazaar. To do so, here are the steps which need to be followed:
Click on the option of 'Check Eligibility' to check if you are eligible for the card.
Add the information which is asked and submit it.
The portal will need a list of documents to be uploaded.
Once done, you can use the tracking ID under the option of 'Track Application'.
Sbi Elite Credit Card Faqs
What is the joining fee I should pay at the time of card issuance?
You will be required to pay Rs.4,999 as the initial fee.
How much is the membership fee per annum? Can I get it waived off?
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.
Explain the fraud liability cover that comes with this card.
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.
What is the cash advance limit for SBI ELITE Card?
The cash advance limit offered for this card is up to 80% of the total credit limit.
Can I apply for a supplementary card?
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.
Individuals who are planning to apply for an SBI Credit Card online can do so through the YONO SBI app and get an e-gift voucher worth up to Rs.1000.?The information of this offer was tweeted by SBI yesterday.
To apply for a card on YONO, the user has to log in to the YONO app or the portal with their SBI net banking credentials and then they would get exclusive and attractive offers for applying for the card. For individuals having an SBI Card ELITE, they would get Rs.1000 Pizza Hut EGV after the payment of the annual fee.
If any person has a Doctor's SBI Card or SBI Card PRIME, they get Rs.500 Pizza Hut EGV after the payment of the annual fee. And for those having the IRCTC Card, there are 250 reward points to be won on payment of the annual fee.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I got SBI credit card 2 months before along with the welcome kit they have provided me a gift voucher as a joining benefit. I have received SBI Elite card and they are giving 2 movie ticket free on every month which is worth of Rs. 500. In this card, there are so many benefits available which i didn't noticed till now. Even the offers are available on Shopping mall. They provided me a gift voucher worth of Rs. 5000. I have a option called easy pay and easy transfer which i can do in their app. In Amazon and Flipkart website offers are available on every month.
Only SBI credit card was available for me based on my eligibility. In this card, free movie ticket is available. I have a SBI Elite credit card. This card has a annual fee of Rs. 5000 and it get waived off if my annual fee spends exceeds Rs. 10 lakhs. They are sending the offer messages on a regular intervals. I'm happy with the credit limit of Rs. 2.5 lakhs.
SBI is good, I have been using Elite card for more than 7 years. It was applied directly to bank. It is annual fee chargeable of 3K with sufficient limit of 1L. EMI conversion is available. I use it for shopping mall, medical, electricity purposes based on usage I get reward points. There was an option for addon card as well.
I am using SBI credit card is very user friendly and customer care response is really fine. I have been using the card for almost 1 year. I am having a ELITE credit card i am using for fuel, groceries, shopping and more and also i am getting good rewards I can transfer the money to my account or get gift. Annual charges for this card is Rs. 499 waiver not sure and also they given a good limit.
I have a credit card from SBI and this is a ELITE card. My card has annual fee of Rs. 5000 and i am not happy with the credit limit. Documentation process was simple executive collected the documents and i received the card within 6 days. EMI conversion options are available in SBI credit card at the interest rate of 1.3% monthly which is high compared with other bank.I get reward points on all purchase which I can redeem for airport lounge both domestic and international.
SBI credit card is been a very good product and the card was offered to me based on my eligibility. Its a Elite card hence they are providing good rewards points based on my transactions. They charged me Rs. 5000 as a annual fee and they gave back to me on the form of vouchers. Its easy to use the card other than any other nationalized bank cards.
I am using SBI Elite credit card which i am using for the past 10 years .This was a chargeable card and there was no drawbacks faced so far .This credit card is very easy to access,If dont have any money on hand can use this credit card and pay later.I am completely satisfied with the service so far.
I am using SBI ELITE CREDIT CARD more than 3 years. This is a premium card which i am paying annually Rs. 2500, wavier option is there but i am not sure. Reward points usually get for all purchase, regarding international transaction i will do more and getting less amount need to increase that. I am getting lounge booking facility and free lounges on quarterly basis for twice. Customer service was good.
EMI options are good in SBI credit card with 13% rate of interest without any processing fee. I am using elite card. I get 2 movie tickets per month which can be availed any time at any place. The reward points are very good. Annual fee charges are applicable in this card.
I am using SBI elite credit card for last 2 years, I use this card for lounge access and movie tickets. I get 2 movie ticket for free in month which can be availed any time, 4 domestic lounge access in a quarter. I am paying annual feeof Rs.5000 which is returned in the form of voucher as per my wish.
I am using State Bank Of India credit card which was taken through Bank directly .This was an Elite card which is pretty useful and also a free card ,Each and every detail was clearly shared by the agent .There are good reward points as well as cash back offers .I am satisfied with the service so far.
I have State Bank Of India credit card which I am using for the past 1 year.This was an Elite card and it is very easy to access ,This card is a chargeable one and got the credit card within 2 weeks.The credit limit was okay. Each and every details about the card process was clearly shared by the agent.I am satisfied with the service so far.
SBI credit card is also good and am having a good relationship but I don't have separate savings account with them. I have been using SBI ELITE card for around 2 to 3years. The annual fee is applicable and need to pay Rs.1000. There are no such offers.
In SBI, they won't pick up the call. The interest rates are high because they are charging 24%. I am using the Elite card in SBI and i pay the annual fee of Rs. 5000 and it will get waived if i use full limit of Rs. 1.05 lakhs. I get movie ticket and discount in shops. Most of benefits i haven't availed with them.The customer care people are rude in their behavior and its trouble to reach them.
The charges are very less with SBI when compared to other banks even they are not charging processing fee for converting EMI conversions. I use Elite credit card for around 2 years. I need to pay Rs.5000 of annual fee also it has waiver off choice. I am getting lot of benefits around 20,000 to 30,000 rupees If I spend 8L and getting 12,500 rupees as cashback simply also additional bonus points of Rs.2500. Every month they are providing free movie tickets which is cost of Rs.500.
I have a Elite for that they are charging Rs. 5000 per annum and the credit limit is only Rs. 1 lakh. The charges are too high. They will provide some gift voucher and coupon for paying my annual fee. SBI customer care is very worst and very difficult to get on line. Recently i have purchased the card and dispatched as per the promised time.
I am happy with SBI credit card because the services are faster and their application is very much friendly. Once I have converted the payments into EMI and the charges are very much higher. I never done late payments. The credit limit is satisfactory. They are charging annual fee of Rs.2000 and its a ELITE card.
SBI has given me a limit of 1L and the services are okay. I am using ELITE credit card for past one year. The annual charge is applicable but the fee of Rs.500 will be waived off, if I purchased more than 30K. I will get frequent mails from the customer service and never contacted. Its easy to convert EMI conversion but haven't utilized so far.
I am using State Bank Of India Elite credit card which i have taken through Bank .I am using this credit card for more than 5 years ,Customer service was really good and there was no drawbacks faces so far on using this card and there are good reward points as well as cash back offers .I am really satisfied on using this card .
I have been using SBI elite credit card from long time, they have not charged me annual fee for first year they have charged me fee from second year up to 5000 but waiver option is available, They use to give good reward points
10,000 bonus reward points on annual spends of 3 lakhs and 4 lakhs each,15,000 bonus reward points on annual spends of 5 lakhs and 8 lakhs each,10 reward points for every 100 spent on dining, movies, department stores and groceries, but they decrease it up to 6 points ,2 reward points per 100 on all other retail spends . Their service is good,
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ANVESH KUMAR KUMAR CHALLA
Reviewed on Jun 12, 2019