SBI Miles Elite Credit Card
SBI Bank
Last updated: Feb 03, 2026
₹4,999
₹4,999
1.99%
14 visits/yr
Contents
The SBI Card Miles Elite is a premium travel card for frequent flyers and globetrotters. It offers high travel credit earnings on flight and hotel spends, extensive lounge access, and useful milestone bonuses. With a competitive 1.99% forex markup and flexible redemption, it’s built for international travel and frequent booking perks.
Features of SBI Miles Elite Credit Card which makes it unique
Flexible Redemption
Travel Credits redeemable as air miles, hotel points or for travel bookings
High redemption flexibility
Broader redemption options than many travel cards
Milestone Bonuses
Large bonus travel credits on high annual spends
Boosts effective rewards for big spenders
Meaningful milestone rewards versus peers
Rewards Structure of SBI Miles Elite Credit Card
Travel
acceleratedFlights, hotels and travel agencies
High earn rate on travel spends; credits redeemable for miles, hotel points or travel bookings.
Base
baseAll other eligible merchants (excludes fuel, EMI, utilities, wallet top-ups)
Standard earn on everyday spends.
Milestones of SBI Miles Elite Credit Card
Annual Milestone
₹12,00,000 : 20,000 Bonus Travel Credits
Renewal Fee Waiver Milestone
₹15,00,000 : Waiver of ₹4,999 annual fee
Fees & Charges of SBI Miles 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:Annual fee waived on ₹15,00,000 annual spend.
Fee Explanation Standard bank rates apply for overdue amounts and GST where applicable.
Detailed Explanation of SBI Miles Elite Credit Card Fees
Annual Fee: 4999 (yearly)
Waived on ₹15,00,000 annual spend
Cash Advance Fee: 2.5% (transaction)
Minimum ₹300
Lounge Access Benefits with SBI Miles Elite Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Base 8 visits; additional visits earned per ₹1,00,000 spend (up to extra 15 visits)
international Lounges
silverVisits per year: 6
Guest access: Yes
Priority Pass membership provided (terms apply)
Insurance Coverage with SBI Miles Elite Credit Card
Travel insurance
VariesCovers certain international trips and events per policy T&Cs
Purchase protection
₹50,000Valid within 90 days of purchase for eligible transactions
Additional Features of SBI Miles Elite Credit Card
Contactless Payments
Tap and pay enabled
Add-on Cards
Up to 3 add-on cards
Welcome Bonus with SBI Miles Elite Credit Card
Welcome Bonus: 5,000 Travel Credits
Bonus Conditions: Credited when you spend ₹1,00,000 within 60 days of card issuance; applicable to new cardholders only.
Application Process for SBI Miles 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 Finanjo
Upload KYC and income documents
Receive verification call or OTP
Card dispatched within 5-7 business days once approved
Required Documents for SBI Miles Elite Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
SBI Miles Elite Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally (Visa network)
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for SBI Miles Elite Credit Card
Quick Eligibility Check
Minimum Age
18+
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
- Applicant must provide valid PAN and Aadhaar for KYC.
How Approval Is Decided
- Minimum income per bank’s eligibility
- Indian resident
- Acceptable credit score (typically 700+)
Pros of SBI Miles Elite Credit Card
- Strong travel-focused rewards
- Multiple lounge visits including Priority Pass
- Valuable milestone bonuses for high spenders
Cons of SBI Miles Elite Credit Card
- High annual fee (₹4,999)
- High spend thresholds for fee waiver and some benefits
Frequently Asked Questions about SBI Miles Elite Credit Card
What is the welcome bonus?
Get 5,000 Travel Credits on a minimum spend of ₹1,00,000 within 60 days of issuance.
How can I waive the annual fee?
The annual fee of ₹4,999 is waived if you spend ₹15,00,000 in a year.
What is the foreign currency markup fee?
Foreign transactions attract a 1.99% forex markup (plus applicable GST).
How do Travel Credits convert to air miles?
Travel Credits convert to airline miles at partner-specific rates (often 1:1 for select airlines); check partner T&Cs.
How many lounge visits are included?
You get 8 domestic lounge visits yearly plus up to 6 international visits via Priority Pass; extra domestic visits are earned per ₹1,00,000 spend.
Can I add family members?
Yes — add-on cards are available (up to 3) subject to bank approval and fees if any.
Add Your Review
Reviews (0)
No reviews yet
Be the first one to review this card.