By: OurMoneyGuide || Last updated on: June 18, 2024

The SBI ELITE Credit Card is a premium credit card from SBI. It offers attractive benefits on shopping and dining expenses. It also provides a range of lifestyle benefits such as complimentary access to lounges at domestic and international airports, low foreign exchange fee, complimentary Club Vistara Silver membership, and Trident Privilege Red Tier Membership.

Brief Summary

Our Rating

3.75 / 4

Best for those who like the flexibility of shopping online as well as face-to-face – since it gives 2.50% reward on department stores & grocery purchases, as well as on dining spends (both online as well as face to face). Milestone benefits can help you earn more than 3% on these spends. There are no monthly spend limits on earning these rewards, unlike many other cards. Reward points earned can be easily converted to cashback, 1 reward point = ₹0.25 or 25 paise.

Since this is a premium card, you also get lifestyle benefits such as complimentary access to airport lounges both in India and abroad, low foreign transaction fee of 2% on spending abroad, as well as complimentary memberships of Club Vistara Silver & Trident Privilege.

The annual card spend target to get annual fee waived off (from 2nd year onwards) is on the higher side – ₹10 lakhs. The 1st year annual fee is compensated by welcome offer worth ₹5,000.

Pros & Cons of SBI ELITE Credit Card


  • Decent reward rate on department store, grocery and dining spends – you could earn over 3% reward if you achieve milestone related targets.
  • Shopping benefits have no monthly caps/limits and are valid for both online as well as offline spends.
  • Attractive travel benefits like complimentary airport lounge access in India and abroad, low foreign exchange conversion fee, complimentary Club Vistara Silver membership.
  • Easy redemption of reward points, since reward points can be converted to cashback


  • High annual spend requirement of ₹10 lakhs, to get annual fee waiver from second year onwards.
  • Reward rate on travel spends is low, hence frequent travellers may need to look at other premium travel cards.

Features & Benefits of the SBI ELITE Credit Card

2.50% cashback on departmental store purchases || grocery purchases || dining spends

You earn 10 reward points worth ₹2.50, on every ₹100 you spend in these categories. 

1 reward point = ₹0.25 or 25 paise. You can easily redeem your reward points for cashback, into your credit card statement. 

Reward points expire after 2 years, from the date of earning.

0.50% cashback on all other credit card spends (except fuel)

You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases. 

1 reward point = ₹0.25 or 25 paise. You can easily redeem your reward points for cashback, into your credit card statement.

Upto 1.75% additional cashback, on achieving yearly spend targets (milestone privileges)

You get bonus reward points, based on annual card spends-
– 10,000 points worth ₹2500, at ₹3 lakh yearly card spend
– Additional 10,000 points worth ₹2500, at ₹4 lakhs yearly card spend
– Additional 15,000 points worth ₹3750, at ₹5 lakhs yearly card spend
– Additional 15,000 points worth ₹3750, at ₹8 lakhs yearly card spend

Please see table below for benefits at each level of annual card spend-

BenefitTotal benefit
At ₹3 lakh annual card spend10,000 points worth ₹2500
10,000 points worth ₹2500 – 0.83% benefit
At ₹4 lakh annual card spend
10,000 points worth ₹2500
20,000 points worth ₹5000 – 1.25% benefit
At ₹5 lakh annual card spend
15,000 points worth ₹3750
35,000 points worth ₹8750 – 1.75% benefit
At ₹8 lakh annual card spend
15,000 points worth ₹3750
50,000 points worth ₹12500 – 1.56% benefit

1 reward point = ₹0.25 or 25 paise. You can easily redeem your reward points for cashback, into your credit card statement.

Complimentary visits to airport lounges in India – 2 times per quarter

To avail this offer, you need to simply present your SBI Card ELITE at the respective lounges. This offer is provided by Visa, Mastercard, or American Express.
– If you have the Visa version of SBI Elite Card, please click here for details
– If you have the Mastercard version of SBI Elite Card, please click here for details
– If you have the American Express version of SBI Elite Credit Card, please click here for details

Complimentary visits to airport lounges outside India – 6 times per year

The program is brought to you by Priority Pass, one of the leading airport lounge programs in the world, which has tie ups with more than 1000 airport lounges worldwide .

You get complimentary Priority Pass Membership worth $99. You also get 6 free airport lounge visits per year, with a maximum of 2 visits per quarter.

For visits to the Priority Pass member lounge after the complimentary visits, a usage fee of up to $32 plus applicable taxes will be charged on your card. For more information about Priority Pass member lounges, please click here.

Please note that only primary card holders are eligible for Priority Pass, and the complimentary membership is valid for two years only.

2 complimentary movie tickets (worth ₹250 each) per month - at Bookmyshow

To avail this offer, you need to book at least 2 movie tickets. You get 2 free movie tickets (upto ₹250 each) per month. 

Hence you can get free movie tickets worth ₹6,000 every year (₹500 per month). For more details and to access this offer, you can visit the following link: SBI ELITE Credit Card Movie Ticket Offer.

Low fee of 1.99% on foreign transactions

You enjoy one of the lowest foreign transaction fee of 1.99%, on the value of all foreign currency transactions.

Complimentary Club Vistara SILVER membership

You enjoy a complimentary Club Vistara Silver membership (instead of Club Vistara Base membership for new joinees), which comes with exclusive benefits. 

Benefits include-
– 1 complimentary upgrade voucher
– 9 Club Vistara points for every ₹100 spent on your Vistara flights
– Priority airport check-in – at premium economy check-in counter
– Increased check-in baggage allowance

This program is valid for primary card holder only. For full list of benefits, please click here – Club Vistara Silver VS Base membership

Complimentary Trident Privilege membership

You enjoy a complimentary Trident Privilege Red Tier membership, along with exclusive perks & benefits.

Benefits include-
– 10% instant savings on bookings made through the hotel website.
– 1000 bonus welcome points at registration
– 1500 bonus points on your first stay, an additional ₹1000 hotel credit if you extend your stay
– During your stay at participating hotels, you earn 10 points for every ₹100 spent (excluding taxes)

For more information and to apply for your Trident Privilege Red Tier membership, visit Please note that this offer is valid for primary cardholders only.

Exclusive Mastercard/ Visa/ American Express privileges

Mastercard privileges :
– Complimentary access to 4 rounds of golf per year, and up to 50% off on golf games at selected golf courses in India.
– 1 complimentary golf lesson per month.
– You enjoy upto 15% discount on room rates, and food & beverage at Lalit Hotels.

Visa privileges :
– You can save upto 10% on Hertz car rentals and up to 35% on Avis car rentals.
– You get exclusive benefits at 900 luxury hotels worldwide.

American Express privileges :
– You get access to the American Express Dining Platform , for delightful dining offers and upto 25% discounts in your city.
– You receive a complimentary Tablet Plus membership, providing VIP upgrades and privileges at hotels in India and around the world.

Please note that these sought-after benefits are offered exclusively through partnerships with Mastercard, Visa, and American Express, so they are subject to their respective terms & conditions. To learn more about each benefit category, refer to ‘Mastercard privileges,’ ‘Visa Signature privileges,’ or ‘American Express privileges.’

Exclusive concierge services

Services include-
– Dedicated assistance on flower delivery, gift delivery, online doctor consultation.
– To avail concierge services, you need to call 1800-2121-68168 or email at

1% fuel surcharge waiver, upto ₹250 per month

You get 1% fuel surcharge waiver at all fuel stations across India –
– Only on fuel purchases upto ₹25,000 per month (since the maximum waiver is capped at ₹250 per monthly card statement cycle)

Complimentary credit card fraud liability cover of ₹1 lakh

This covers provides financial protection against unauthorised transactions and fraudulent activities, ensuring peace of mind for cardholder.

The coverage is applicable from 48 hours before reporting the loss and continues for seven days after the loss is reported.

SBI Card customer care

Please click here for all the options to contact the bank for various issues and escalations, including-
– Lost and stolen cards : you can block on your mobile app or internet banking OR through SMS option OR by calling customer care
– Complaints and grievances : including steps on how to escalate to higher levels in case your issue is not resolved
– Raise and manage disputes

SBI ELITE Credit Card Fees and Charges

Annual fee & annual fee offers

Annual fee
Annual fee offers
1st year joining fee₹4,999Welcome offer : You get electronic gift vouchers worth ₹5,000 (from brands like Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop)

– You will receive an SMS to choose from e-voucher options within 15 days of annual fee payment.The e-voucher will be sent to your registered mobile number/e-mail ID, within 30 days of the request.
– For Pantaloons, Shoppers Stop and Hush Puppies /Bata you can redeem your e-gift voucher by showing the code at the respective brand store
– For Yatra and Shopper Stop you can redeem the code online at the time of purchase
– Aditya Birla Retail Voucher can be redeemed at these brand stores – Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Simon Carter
Renewal fee from 2nd year onwards₹4,999Renewal fee offer : Annual fee is not charged from the second year onwards , if you spend ₹10 lakhs or more in the previous year.

Late payment fee

Late payment fees depends on the total payment due

Payment amount dueLate fee
Less than/ Up to ₹500Nil
₹500 to ₹1000₹400
₹1001 to ₹10,000₹750
₹10,001 to ₹25,000₹950
₹25,001 to ₹50,000₹1100
Over ₹50,000₹1300

Foreign currency mark-up fee

1.99% of the transaction amount. This fee is charged when you use your card outside India.

Finance charges

3.50% per month (42% per annum)

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Elite Fees & Charges

Eligibility Criteria

Some basic criteria is mentioned below. Eligibility is based on multiple parameters, which is assessed by SBI Cards once you apply for the card.

Minimum age21 years
Maximum age70 years
Occupation Salaried , self-employed, retired pensioner
Income requirementsMinimum income not specified, should have regular source of income
Other criteriaGood credit score, preferably above 750

Application Process

Application process and tracking application status : step-by-step guide –

Online application process
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the SBI Card website. You can also visit official website of SBI Card and fill out the application form.

Steps :
– Click on ‘Apply Now’ and fill-in the e-apply form / online application form.
– Click ‘Submit’ and you will receive an instant decision on the application , basis the information provided.
– If your application is approved, you will receive a call from SBI Card team for verification.
– Post necessary verification, the card is issued to you.

– You can also apply for a SBI Card directly from the E-Apply page (Online Credit Card Application page) on website.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking your applicationYou can track the status of your application in – Track Application section. You can see this section on the Home page (at the top section of the page titled – ‘Track your application’) OR on the Eapply page (at the bottom of the page titled – ‘Track Credit Card Application’).

– Enter the application number/ reference number you would have received when applying for the card . Click on the Track button to check the status of your SBI Card application
– If you do not remember your application number/ reference number, then you have another option of retrieving your application number – by entering your first name and mobile number, and then pressing the button ‘Retrieve’.

Necessary documents and verification –

Required documents
– PAN Card
– Address proof : Copy of Aadhaar Card or any valid government address proof
– Income documents : Salary slip, income tax return etc. (depending upon the credit card eligibility & policy)

In addition to these, you may be asked to provide additional documents. Please click here for full details