SBI ELITE Advantage Credit Card
SBI Bank
Last updated: Feb 03, 2026
₹4,999
₹4,999
1.99%
10 visits/yr
Contents
A premium lifestyle credit card targeted at frequent travellers and high spenders. It delivers accelerated reward points on dining, groceries and departmental store spends, plus complimentary airport lounge access and milestone bonuses to offset the fee.
Features of SBI ELITE Advantage Credit Card which makes it unique
Milestone Rewards
Bonus points on achieving specified annual spends
Offsets annual fee for consistent spenders
Competitive milestone structure versus peers
Priority Pass Access
Complimentary international lounge visits via Priority Pass
Improved travel experience
Useful for frequent travellers
Rewards Structure of SBI ELITE Advantage Credit Card
Dining
acceleratedRestaurants and dining merchants
Earn 5x on dining (accelerated earn).
Grocery
acceleratedGrocery and supermarkets
Earn 5x on groceries and departmental store spends.
Other Spends
baseAll other merchants excluding excluded categories
Standard earn rate on non-bonus categories.
Milestones of SBI ELITE Advantage Credit Card
Annual Spend Bonus 1
₹3,00,000 : 10,000 bonus reward points
Annual Spend Bonus 2
₹4,00,000 : 10,000 bonus reward points
Fees & Charges of SBI ELITE Advantage 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 | 3% |
Renewal Conditions:Waived on meeting the card's specified annual spend threshold as per issuer terms.
Fee Explanation Standard bank charges apply for overdue amounts; fees, rebates and waivers are subject to issuer T&Cs.
Detailed Explanation of SBI ELITE Advantage Credit Card Fees
Joining Fee: ₹4,999 + taxes (one-time)
Charged at issuance; may be waived under promotional offers.
Annual Fee: ₹4,999 + taxes (yearly)
Renewal charged each year; waiver subject to issuer spend criteria.
Cash Advance Fee: 2.5% (transaction)
Minimum amount may apply.
Foreign Currency Mark-up: 1.99% (transaction)
Applied on international transactions.
Lounge Access Benefits with SBI ELITE Advantage Credit Card
international Lounges
silverVisits per year: 6
Guest access: Yes
Complimentary visits limited per quarter as per issuer policy.
domestic Lounges
silverVisits per year: 4
Guest access: Yes
Domestic lounge access rules apply per cardholder.
Insurance Coverage with SBI ELITE Advantage Credit Card
Travel Insurance
VariesCoverage subject to terms and may have changed; confirm with issuer.
Purchase Protection
VariesSubject to claim limits and timelines.
Additional Features of SBI ELITE Advantage Credit Card
Contactless Payments
Tap-to-pay enabled
Add-on Cards
Up to 3 add-on cards allowed
Add-on card issuance subject to issuer rules.
Welcome Bonus with SBI ELITE Advantage Credit Card
Welcome Bonus: 1,000 reward points
Bonus Conditions: Welcome points credited on registration/activation. Milestone bonuses (e.g., 10,000 points on annual spends of ₹3L and ₹4L) and additional partner credits subject to terms and minimum transfer thresholds.
Application Process for SBI ELITE Advantage Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via Finanjo portal
Upload KYC documents
Receive verification call
Card dispatched within 7 business days
Required Documents for SBI ELITE Advantage Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
SBI ELITE Advantage 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 SBI ELITE Advantage 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
- Primary cardholders must complete KYC; PAN and Aadhaar commonly required.
How Approval Is Decided
- Minimum income ₹30,000/month (salaried)
- Indian resident
- Credit score above 700
Pros of SBI ELITE Advantage Credit Card
- Strong accelerated rewards on key categories
- Generous lounge access benefits
- Milestone bonuses that help offset the annual fee
Cons of SBI ELITE Advantage Credit Card
- High joining and renewal fee
- Some benefits require activation or registration with partners
- Insurance and some perks may change per issuer updates
Frequently Asked Questions about SBI ELITE Advantage Credit Card
Is there a joining fee?
Yes. The joining fee is ₹4,999 + taxes; waivers and introductory offers may apply.
How do I get the welcome bonus?
Welcome reward points are credited on registration/activation. Specific conditions vary by promotion.
What is the foreign currency mark-up charge?
The foreign currency markup is 1.99% on international transactions.
How many complimentary lounge visits are included?
Complimentary Priority Pass international visits and selected domestic visits are included; exact counts and guest rules are per issuer terms.
How do milestone rewards work?
Milestone rewards are credited when defined annual spend thresholds (e.g., ₹3L / ₹4L) are met; check issuer T&Cs for exact crediting criteria.
Can I add add-on cards?
Yes. Add-on cards are available (typically up to 3); add-on fees may vary.
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