SBI ELITE Credit Card
SBI Bank
Last updated: Feb 03, 2026
₹4,999
₹0
1.99%
14 visits/yr
Contents
SBI Card ELITE is a premium lifestyle credit card designed for entertainment and milestone rewards. It offers monthly movie benefits, milestone bonus points and Priority Pass lounge access. Low forex markup and select partner offers make it attractive for frequent travellers and moviegoers.
Features of SBI ELITE Credit Card which makes it unique
Monthly Movie Benefit
Two complimentary movie tickets (max ₹250 per ticket) every month
High annual entertainment value (approx. ₹6,000/yr)
Monthly value vs peers
Milestone Rewards
Spend-linked bonus reward points at defined annual milestones
Boosts effective return for medium-to-high spenders
Competitive milestone structure
Rewards Structure of SBI ELITE Credit Card
Base
baseAll spends
Milestones of SBI ELITE Credit Card
₹3 Lakh Annual Milestone
₹3,00,000 : 10,000 reward points
₹4 Lakh Annual Milestone
₹4,00,000 : 10,000 reward points
₹5 Lakh Annual Milestone
₹5,00,000 : 15,000 reward points
Fees & Charges of SBI ELITE Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | ₹4,999 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 0 |
| Late Payment Fee | ₹450 |
| Over Limit Fee | 0 |
| Returned Payment Fee | ₹450 |
| Cash Withdrawal Fee | 0% |
Renewal Conditions:Annual fee refunded on meeting specified annual spend threshold (check latest T&Cs).
Fee Explanation Standard finance charges and fees apply as per SBI Card terms and conditions. GST and other statutory charges may apply.
Detailed Explanation of SBI ELITE Credit Card Fees
Annual Fee: 4999 (yearly)
Refundable on meeting annual spend threshold; check T&Cs.
Cash Advance Fee: 2.5% or ₹500 (transaction)
Applies to ATM cash withdrawals and cash advances.
Foreign Exchange Markup: 1.99% (transaction)
Applies to international transactions; GST and other taxes extra.
Lounge Access Benefits with SBI ELITE Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Capped per quarter; subject to qualifying spends and T&Cs.
international Lounges
silverVisits per year: 6
Guest access: Yes
Priority Pass membership provided; visits and guest policy per issuer T&Cs.
Insurance Coverage with SBI ELITE Credit Card
Purchase Protection
VariesSubject to issuer policy and T&Cs; check latest documentation.
Additional Features of SBI ELITE Credit Card
Contactless Payments
Tap and pay enabled
Add-on Cards
Up to 3 free add-on cards
Concierge Service
Access to concierge for select services
Subject to T&Cs
Welcome Bonus with SBI ELITE Credit Card
Welcome Bonus: gift voucher worth ₹5,000
Bonus Conditions: Choose voucher from select brands; voucher issued after annual fee payment and subject to card T&Cs.
Application Process for SBI ELITE Credit Card
Processing Time
5-7 business days (subject to verification)
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via SBI Card / Finanjo portal
Upload KYC documents
Receive verification call if required
Card dispatched within 7 days of approval
Required Documents for SBI ELITE Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
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 SBI ELITE Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Valid PAN and Aadhaar required for KYC and application verification.
How Approval Is Decided
- Indian resident
- Credit score above 700
- Eligibility and documentation as per SBI Card
Pros of SBI ELITE Credit Card
- Monthly movie tickets worth up to ₹6,000 per year
- Robust milestone bonus points
- Priority Pass plus domestic lounge visits
Cons of SBI ELITE Credit Card
- High annual fee (₹4,999)
- Best value only for medium-to-high spenders
- Some benefits subject to change — verify latest T&Cs
Frequently Asked Questions about SBI ELITE Credit Card
What are the movie benefits?
Two complimentary movie tickets per month (max ₹250 per ticket); convenience fee may apply.
What is the forex markup?
Foreign exchange markup is 1.99% on international transactions (GST and other taxes extra).
How are reward points earned?
Accelerated points on dining/departmental/grocery and base points on other spends; milestone bonus points awarded at defined annual spend slabs.
Is there a joining fee?
No joining fee; annual fee of ₹4,999 applies from year one unless waived by offers.
What is the welcome benefit?
E-gift voucher worth ₹5,000 is provided on payment of the annual fee; voucher options from select brands.
How do I get the annual fee reversed?
Annual fee may be refunded if you meet the specified annual spend threshold; check the latest terms with SBI Card.
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