SBI Elite Credit Card Review

SBI Card Elite is offered by State Bank of India and is powered by Master Card. It got its name from “MasterCard World Elite” and is specially launched for the elite customers of the bank by offering a wide array of rewards and offers.SBI Elite Credit Card Review

Important features of SBI Elite Credit Card

  • Annual Fee (one time): INR 4,999 + GST
  • Renewal Fee (per annum): Rs.4,999 + GST from second year onwards
  • SBI Elite Credit Card Annual Fee Waiver: The annual fee of INR 4,999 will be waived off if the annual expenses on the card exceed Rs.10 lakh.
  • Annual Savings: Rs. 33,000
  • Foreign Exchange Markup fee: 1.99% + GST
  • SBI ELITE Credit Card Eligibility Criteria – One can get this credit card for a fixed deposit of 90,000 INR with SBI / With Annual Salary of around 10 Lakh and above.
  • Elite Credit Card E Brochure Pdf File.

Benefits of SBI Elite Credit Card

Welcome BonusSBI Elite Credit Card - WELCOME GIFT

  • SBI offers you welcome gift voucher worth 5,000 that can be used at any one of the partner brands such as Hush Puppies/Bata, Yatra, Marks & Spencer, Shoppers Stop and Pantaloons.
  • You will receive a text message to select from e-voucher options within 15 days of yearly fees payment. Within 5 days of the request, the e-voucher will be sent to your registered mobile number or e-mail ID.


  • 1 Reward Point = 0.25 INR
  • Regular RP Earn Rate – 2 reward points per Rs.100 spent (0.5% in value)
  • Accelerated Earn Rate – 10 reward points per Rs.100 spent (2.5% in value)

Milestone Benefits

  • You get up to 50,000 Bonus Reward Points worth Rs. 12,500 per year.
  • Earn 10,000 bonus Reward Points on achieving annual spends of 3 lakhs and 4 lakhs
  • Earn 15,000 bonus Reward Points on achieving annual spends of Rs. 5 lakhs & Rs. 8 lakhs

Fuel Surcharge Waiver

  • 1% surcharge on all fuel transactions is waived off on every transaction between Rs. 500 to Rs. 4,000, at any petrol pump across the nation.

Club Vistara Membership

  • Enjoy complimentary Club Vistara Silver membership.
  • You get 1 complimentary lounge access voucher and 1 upgrade voucher.
  • Earn 9 club Vistara Points per ₹ 100 spent on Vistara flights.

Trident Privilege Red Tier membership

  • You get complimentary Trident Privilege Red Tier membership with SBI Elite Card.
  • On registration get 1,000 Welcome Points.
  • Earn 1,500 bonus points on first stay at a Trident hotel.

Airport Lounge AccessSBI Elite Credit Card airport lounge access

  • National: 2 free visits to the Domestic Airport lounges every quarter in India.

For SBI Elite Credit Card lounge access list visit

  • International: 6 complimentary International Airport Lounge visits for each year, (maximum 2 visits per quarter)outside India using complimentary priority pass membership program.

For International Airport Lounge list visit Priority Pass Website

  • Complimentary Priority Pass Program worth $99 valid for 2 years.

Lowest Forex Markup

  • Foreign Exchange Markup fee: 1.99% + GST
  • Rewards on International spends :2 Reward Points / 100 INR.

Movie Benefits

  • Get movie tickets worth up to Rs.6,000 in a year.
  • Each month cap of free tickets will be 2 and the cap for the ticket amount will be Rs.250.

Features of Sbi Elite Credit Card are as following

  • Reward rate: ~0.5% usually, up to ~2% on accelerated rewards.
  • Accelerated Rewards: Can earn 5X Reward points on Departmental stores, Dining, Grocery and International spends.
  • You can save up to 35% on Avis Car Rentals and 10% on Hertz car rental.
  • You get 4 rounds of complimentary green fees access and upto 50% off on golf games.
  • Get 1 complimentary lesson per month at selected golf courses across India.
  • Personal Concierge Service: Global Concierge Support for customized holiday packages, hotel reservations and other needs such as gift delivery.

SBI Elite Credit Card: How to get the best maximize value?SBI Elite Credit Card Rewards

Let’s consider spend of 8 Lakhs in a year:

  • Earn 16,000 Reward Points (regular)
  • Earn 50,000 Reward Points (total annual spend bonus) = 66,000 Reward Points
  • Hence, Total Savings: 16,500 INR (~2% savings in value)

So, SBI Elite Credit Card offers you various rewards and benefits. There are also other cards by SBI such as SBI Prime Credit Card. Annual fee of SBI Prime Card is 2,999 and offers welcome gift e-Voucher worth Rs. 3000. Hence, you can choose SBI card according to your preference.

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