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

    The SBI Card ELITE Advantage has been curated to compliment your spending habits. With this credit card, you can earn reward points every time you make a purchase. The annual fee for this card is Rs.4,999.

    Key Highlights of the SBI Card ELITE Advantage

    • 5X reward points on departmental stores, groceries, and dining.
    • 2 reward points for every Rs.100 that you spend.
    • Free movie tickets of Rs.6,000 once a year.
    • 1 free lounge Voucher and 1 Vistara upgrade voucher.
    • Trident Privilege Red Tier Membership for free.

    Features and Benefits of the SBI ELITE Advantage Credit Card

    Welcome Benefits

    • You will receive an e-gift voucher of Rs.5,000 from one of the following brands: Hush Puppies/Bata, Yatra, Aditya Birla Fashion, Pantaloons, and also Shoppers Stop.

    Fee-based Benefits

    • Get a waiver of annual fee on an annual spend Rs.10 lakh.

    Entertainment Benefits

    • Free movie tickets of Rs.6,000 once a year.
    • The transaction will be valid for at least 2 tickets per booking every month. The maximum discount you can avail is Rs.250 per ticket (2 tickets only).

    Reward Benefits

    • Receive up to 50,000 reward points (Rs.12,500) every year.
    • 5X reward points on departmental stores, groceries, and dining.
    • Get 10,000 reward points each when you spend Rs.3 lakh and 4 lakh in a year.
    • Earn up to 15,000 bonus reward points on annual spends of Rs.5 lakh and Rs.8 lakh.
    • 2 reward points for every Rs.100 that you spend.

    Trident Privilege Membership Benefits

    • Trident Privilege Red Tier Membership for free.
    • 1,500 bonus points during your first stay and an additional Rs. 1,000 (hotel credit).
    • 1,000 welcome points when you register.

    Club Vistara Membership Benefits

    • Club Vistara Silver Membership for free.
    • Earn 9 Club Vistara points every time you spend Rs.100 on all Vistara flights.
    • 1 free lounge Voucher and 1 Vistara upgrade voucher.

    Domestic Airport and Lounge Benefits

    • 2 free visits to domestic airport lounges every quarter in a year.

    International Airport and Lounge Benefits

    • 6 free international lounge visits every year (2 visits per quarter in a year).
    • Free membership to the Priority Pass Program ($99).
    • Get access to more than 1,000 airport lounges across the world.

    Forex Markup Benefits

    • Get the lowest foreign currency mark-up charge (1.99%) when you use the card outside India.
    • 2 reward points every time you spend Rs.100 spent on all international transactions.

    SBI Card ELITE Advantage Limit

    The limit for the SBI Card ELITE Advantage card will be set by the bank. The bank will look into your credit score before they settle on a figure for the limit. They will assess your credit score and past repayments habits.

    Fees and Charges of the SBI Card ELITE Advantage

    Type of Charge Fee
    Joining Fee Nil
    Annual fee Rs.4,999
    Renewal fee per annum Rs.4,999 (From 2nd year)
    Add-On card fee Nil
    Cash advance fee

    2.5% of the amount withdrawn or Rs.500 (Domestic ATMs)

    2.5% of the amount withdrawn or Rs.500 (International ATMs)

    Finance Charges 3.50% per month or 42% per annum
    Payment dishonor fee 2% of the payment amount; minimum of Rs.450
    Statement request Rs.100 per statement (more than 2 months old)
    Cash payment fee Rs.199 + applicable taxes
    Late payment fee
    • From Rs.0 to Rs.500 - Nil
    • More than Rs.500 up to Rs.1,000 - Rs.400
    • More than Rs.1,000 up to Rs.10,000 - Rs.750
    • More than Rs.10,000 up to Rs.25,000 - Rs.950
    • More than Rs.25,000 up to Rs.50,000 - Rs.1,100
    • More than Rs.50,000 - Rs.1,300
    Cheque payment fee Rs.100
    Card replacement fee Rs.100 to Rs.250
    Over limit fee 2.5% of the over limit amount; minimum of Rs.600
    Rewards redemption fee Rs.99
    Foreign currency transaction 1.99%

    Documents Required to Apply for SBI Card ELITE Advantage

    These are the documents you may be asked to submit when you apply for this card:

    Proof of Address
    • Passport
    • Voter ID
    • Ration Card
    • Aadhaar card
    Identity Proof
    • Driving License
    • Passport
    • Aadhaar card
    Income Proof
    • Form 16
    • IT Returns
    • Salary Slip

    SBI ELITE Advantage Credit Card FAQs

    1. What is the minimum salary required to apply for this card?

      You are eligible to get this SBI Credit Card if your income is a minimum of Rs.18,000 every month.

    2. Is this the best card for frequent travelers? If not, which is the best SBI travel card?

      The Air India SBI Platinum Card at Rs.1,499 is the best choice for any traveler.

    3. Is this the best card for international use?

      Although you can use this card internationally, the best SBI card for all international purposes is the Yatra SBI Card.

      

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