Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • SBI Card ELITE

    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.
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    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.

    Apply for SBI Card ELITE
    SBI Card ELITE
    Key Highlights of the SBI ELITE Credit Card Welcome Benefits
    • For every Rs.100 spent, earn 2 reward points.
    Entertainment Benefits
    • 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.
    Milestone Benefits
    • 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.
    Concierge Service
    • 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

    Shopping offers
    • 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.
    Dining Offers
    • 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.
    Travel Offers
    • 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 Amount
    Joining Fee Nil
    Annual fee Rs.4,999
    Renewal fee Rs.4,999 (From 2nd year)
    Interest rate Up to 3.35% per month
    Add-On card fee Nil
    Cash withdrawal fee

    2.5% of the amount withdrawn or Rs.300 (SBI ATMs)

    3% of the amount withdrawn or Rs.300 (International ATMs)

    Payment dishonor fee 2% of the payment amount; minimum of Rs.450
    Cheque pickup Rs.100
    Statement request Rs.100 per statement (more than 2 months old)
    Cash payment fee Rs.100
    Late payment

    From Rs.0 - Rs.200 - Nil

    more than Rs. 200 up to Rs. 500 - Rs.100

    More than Rs. 500 up to Rs. 1,000 - Rs.400

    More than Rs.1,000 up to Rs. 10,000 - Rs.600

    More than Rs. 10,000 up to Rs. 25,000 - Rs.800

    More than Rs. 25,000 - Rs.950.

    Cheque fee Rs.100
    Card replacement Rs.100
    Over limit fee 2.5% of the over limit amount; minimum of Rs.500
    Rewards redemption fee Rs.99
    Foreign currency transaction 1.99%

    Eligibility of the SBI ELITE Credit Card

    • You must be between the ages of 18-70 years.
    • 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'.

    FAQs on SBI Elite Credit Card:

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

    6. Does this card have any green fees benefits?

      Yes, you can enjoy four free rounds of green fees access and up to 50% discounts on golf games. This comes with 1 free lesson every month at a few golf courses in the country.

    7. Will the credit limit of this card automatically increase?

      Many credit card issuers will review accounts on a periodic basis and they will automatically increase the credit limit. However, you can always request for your credit limit for the credit card to be increased.

    8. Is it good to increase my credit limit on an SBI Elite card?

      An increase in the credit limit can actually improve your credit score. This will give you more access to funds in case you have an emergency.

    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.

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