PSB SBI ELITE Credit Card
SBI Bank (PSB Partnership)
Last updated: Feb 03, 2026
₹4,999
₹4,999
1.99%
12 visits/yr
Contents
PSB SBI Card ELITE is a premium lifestyle credit card that blends travel and entertainment benefits with strong rewards. Cardholders get a generous welcome gift, complimentary lounge access and milestone rewards. It suits frequent travellers and high-spend lifestyle customers seeking premium perks.
Features of PSB SBI ELITE Credit Card which makes it unique
Priority Pass Membership
Complimentary Priority Pass or equivalent lounge membership
International lounge access
Competitive international lounge offering versus peers
High-value Welcome Gift
e-Gift voucher on joining
Immediate value on joining
Attractive compared to many mid-premium cards
Rewards Structure of PSB SBI ELITE Credit Card
Dining
acceleratedDining and restaurants (including online food delivery)
High earn rate on dining and restaurant spends.
Travel
acceleratedAirline and hotel bookings through partners
igher earn rate when booking via partner portals.
Base
baseAll other retail purchases (non-fuel)
Standard earn rate on non-accelerated categories.
Milestones of PSB SBI ELITE Credit Card
Spend Milestone 1
₹1,00,000 : Additional lounge visit or bonus points as per T&Cs
Spend Milestone 2
₹3,00,000 : Higher bonus reward points or travel credits per bank offers
Fees & Charges of PSB SBI ELITE Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹4,999 |
| Annual Fee | ₹4,999 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Renewal benefits and fee reversals subject to annual spend and bank T&Cs.
Fee Explanation Standard bank rates and GST apply to fees and overdue amounts as per SBI Card terms.
Detailed Explanation of PSB SBI ELITE Credit Card Fees
Joining / First Year Annual Fee: ₹4,999 (one-time)
Welcome benefits delivered on payment of joining/first-year annual fee.
Renewal Fee: ₹4,999 (yearly)
Renewal fee may be reversed or partially waived based on spends as per T&Cs.
Cash Advance Fee: 2.5% (transaction)
Minimum amount and other bank conditions apply.
Lounge Access Benefits with PSB SBI ELITE Credit Card
domestic Lounges
silverVisits per year: 6
Guest access: No
Domestic lounge visits subject to frequency limits and T&Cs.
international Lounges
silverVisits per year: 6
Guest access: Yes
Priority Pass membership benefits subject to enrollment and T&Cs.
Insurance Coverage with PSB SBI ELITE Credit Card
Credit Card Fraud Liability Cover
₹1,00,000As per SBI Card insurance terms and claim process.
Additional Features of PSB SBI ELITE Credit Card
Contactless Payments
Tap and pay enabled
Add-on Cards
Up to 3 add-on cards allowed
Add-on eligibility as per bank rules.
Welcome Bonus with PSB SBI ELITE Credit Card
Welcome Bonus: Gift voucher worth ₹5,000
Bonus Conditions: Available after paying joining/first-year annual fee and activation; T&Cs apply.
Application Process for PSB SBI ELITE Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via SBI Card portal or partner channel
Upload KYC and income documents
Receive verification call or OTP validation
Card dispatched within 7 business days after approval
Required Documents for PSB SBI ELITE Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
PSB SBI ELITE Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for PSB SBI ELITE Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹30,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must provide valid PAN and Aadhaar; KYC and bank checks apply.
How Approval Is Decided
- Minimum income ₹30,000/month (varies by bank decision)
- Indian resident with valid KYC
- Credit score typically above 700
Pros of PSB SBI ELITE Credit Card
- Generous welcome gift
- Lounge access and Priority Pass membership
- Good rewards on dining and lifestyle spends
Cons of PSB SBI ELITE Credit Card
- High joining and renewal fee
- Milestone benefits favour higher spenders
Frequently Asked Questions about PSB SBI ELITE Credit Card
How many lounge visits do I get?
Complimentary domestic and Priority Pass lounge visits are included; visit limits apply as per card T&Cs.
What is the annual fee and can it be waived?
Annual fee is ₹4,999; fee reversal/waiver may be available based on annual spends per bank policy.
What is the base rewards rate?
Base earn rate is 2 points per ₹100 on most retail spends; accelerated rates apply to dining and partner categories.
Which mobile wallets are supported?
Mobile wallets supported include google pay, phone pay and paytm for contactless and mobile payments.
What is the welcome benefit?
A welcome e-gift voucher worth ₹5,000 on joining and first-year annual fee payment (T&Cs apply).
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