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

    • SBI ELITE Business Credit Card

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    The State Bank of India (SBI) launched the SBI ELITE Business Credit Card to make business trips easier and to help you expand your network as a business owner. A free Club Vistara Silver membership is also included with the credit card. The SBI ELITE Business Credit Card has an annual charge of Rs.4,999.

    Key Highlights of SBI ELITE Business Credit Card

    • Every year, you get 8 free visits to Mastercard lounges in India.
    • Get movie tickets that are worth Rs.6,000, every year.
    • Get 5X reward points on dining spends, utility bills payments, and spends on office supplies.
    • Get a waiver of 1% on fuel surcharge (transaction amount should range between Rs.500 and Rs.4,000).
    • Every time you spend Rs.100 at Metro Cash & Carry outlets, you get 10 reward points.

    Features and Benefits of SBI ELITE Business Credit Card

    Welcome benefits:

    • Within 15 days of paying the annual fee, you will receive an e-voucher for Rs.5,000 as a welcome gift.
    • Hush Puppies/Bata, Yatra for Business, Aditya Birla Fashion, Pantaloons, and Shoppers Stop are among the brands available.

    Entertainment benefits:

    • You get movie tickets worth Rs.6,000, every year.
    • The maximum discount you can avail is Rs.250 for every movie ticket.
    • You have to book at least 2 movie tickets per booking every month to avail the benefit.

    Milestone benefits:

    • When you use the SBI ELITE Business Card to make annual purchases of Rs.3 lakh or Rs.4 lakh, you'll get 10,000 bonus reward points.
    • Spend Rs.5 lakh or Rs.8 lakh on the card annually and get 15,000 additional reward points.
    • If you spend Rs.10 lakh or more the previous year, your annual fee will be refunded.

    Reward points benefits:

    • Spend on office supplies, dining, and utility bill payments to earn 5X reward points.
    • For every Rs.100 spent on other categories, you will receive 2 reward points (except for fuel).
    • You earn 2 reward points for every Rs.100 that you spend internationally.
    • Earn 10 reward points every time you spend Rs.100 at Metro Cash & Carry outlets.

    Fuel benefits:

    • Get a 1% fuel fee waiver on transactions between Rs.500 and Rs.4,000 at petrol stations all around India.
    • Surcharge waivers are limited to Rs.250 each credit card statement cycle.

    Airport and lounge benefits:

    • You get 6 free visits to International Priority Pass lounges every year (outside India).
    • Get 8 free visits per year to Mastercard lounges (in India).
    • For International Priority Pass lounges and Mastercard lounges, the limit of visits is capped at 2 visits per quarter respectively.
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    Club Vistara membership benefits:

    • You get free Club Vistara Silver Membership.
    • Under the membership, you get 1 free lounge access voucher and 1 upgrade voucher.
    • Get 9 Club Vistara points every time you spend Rs.100 on Vistara flight bookings.

    Forex markup benefits:

    • When you swipe your card outside of India, you will be charged a foreign currency mark-up of 1.99%.

    Yatra for Business benefits:

    • When you book flight tickets for Rs.6,000 or more, you get a Rs.750 discount.
    • Get 20% off on your hotel bookings.
    • Both discounts can be availed only once every quarter.

    Metro Cash & Carry benefits:

    • You get access to ‘Bandhan’, the loyalty program of Metro Cash & Carry.
    • Get a discount of up to 2% on your purchase value.
    • You get free delivery if you stay within 60 kms of the city limits.

    Mastercard global linker benefits:

    • You can grow your network by finding suppliers, potential customers, and buyers.
    • You get to be a part of a community of startups, SMEs, (Small and Medium Enterprises), and entrepreneurs.
    • You get to read multiple success stories and business tips.
    • You can also contribute to the forum and be an inspiration to many budding entrepreneurs.

    Fees and Charges of SBI ELITE Business Credit Card

    Type of Charge Amount
    Annual fee Rs.4,999
    Renewal fee Rs.4,999 from the second year onwards
    Add-on credit card Nil
    Finance charge Up to 3.35% per month (40.2% per annum)
    Cash advance limit Up to 80% of your card's credit limit (maximum of Rs.15,000 per day).
    Cash advance fee at SBI and domestic ATMs 2.5% of the transaction amount (minimum of Rs.300)
    Cash advance fee at international ATMs 3.00% of the transaction amount (minimum of Rs.300)
    Statement retrieval Rs.100 for every statement which is more than 2 months old
    Payment dishonor fee 2% of the amount (minimum of Rs.450)
    Cheque fee Rs.100 for payments made using cheques up to Rs.10,000
    Late payment
    • Rs.0-Rs.200: Nil
    • Rs.200-Rs.500: Rs.100
    • Rs.500-Rs.1,000: Rs.400
    • Rs.1,000-Rs.10,000: Rs.600
    • Rs.10,000-Rs.25,000: Rs.800
    • Rs.25,000 and above: Rs.950
    Overlimit 2.5% of overlimit amount (subject to a minimum amount of Rs.500)
    Card replacement Rs.100
    Emergency card replacement when you are abroad Actual cost (minimum of $175)
    Dynamic currency conversion
    • 3.50% for all SBI credit cards except for Elite credit cards.
    • 1.99% for Elite credit cards (transactions greater than or equal to Rs.1,000)
    Foreign currency transaction 1.99%
    Rewards redemption fee Rs.99
    Cash payment fee Rs.199
    Railway tickets (booked over the counter) Rs.30 + 2.5% of your transaction amount
    Railway tickets booked via the IRCTC website 1.8% of transaction amount + service charge
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    FAQs on SBI ELITE Business Credit Card

    1. Who should I contact for queries regarding the Priority Pass for airport lounges?

      You can call the SBI credit card customer care number at 1860 180 1290 to get your Priority Pass and to clear any doubts regarding the same.

    2. Where can I register and be part of the Mastercard Global Linker?

      You can register yourself via this website, https://mastercard.globallinker.com/

    3. Do add-on cardholders get Club Vistara Membership?

      No, Club Vistara Membership is only for the primary cardholder.

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