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Explore cards from India's leading banks.
Last updated: 8 November 2026
Free to apply via CardsGuruji · subject to issuer approval
What you earn on every spend, and the ways you can cash it in.
You earn
Up to 10 Reward Points per ₹100 spent (2.5% value)
Earn 5X Reward Points (10 RP per ₹100) on dining, groceries, and departmental store spends (combined cap of 10,000 points per month). Earn 2 Reward Points per ₹100 on all other regular retail spends. Excludes fuel, rent, wallet loads, and educational payments.
Redeem for
The privileges that come bundled in, beyond the reward points.
Movie Benefit: Free movie tickets worth ₹6,000 every year via BookMyShow (maximum discount of ₹250 per ticket, up to 2 tickets per month)
Milestone Rewards: Earn up to 50,000 bonus Reward Points (worth ₹12,500) annually. Get 10,000 points on reaching ₹3 Lakh and ₹4 Lakh spends, and 15,000 points on reaching ₹5 Lakh and ₹8 Lakh spends
International Lounge Access: Complimentary Priority Pass membership with 6 free visits per year outside India (maximum 2 visits per quarter)
Domestic Lounge Access: 2 complimentary domestic airport lounge visits per quarter in India
Annual Fee Waiver: The ₹4,999 + 18% GST renewal fee is reversed upon achieving ₹10 Lakhs in annual spends
Club ITC Membership: Complimentary 1-year Club ITC Silver Tier Membership with a 50% discount on the 2nd night's stay at participating hotels
An honest read on where this card earns its keep — and where it doesn't.
Generous welcome voucher worth ₹5,000 effectively recovers the first-year fee
Excellent free movie ticket benefit on BookMyShow offers up to ₹6,000 in real value annually
Includes 6 international lounge visits via Priority Pass without high prior spending hurdles
Low foreign currency markup of 1.99% is an excellent perk for international travelers
Base reward rate is extremely low (0.5% value) for transactions outside the accelerated categories
Very steep annual spend requirement of ₹10 Lakh to waive the ₹4,999 renewal fee
Accelerated 5X reward categories share a strict combined cap of 10,000 points per month
Redemptions against the statement or catalogue incur a ₹99 + GST processing fee
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Fee waiver: most issuers waive the renewal fee once your yearly spends cross a set threshold. Confirm the exact criteria with SBI before you apply.
Issuer-stated requirements and CardsGuruji guidance are shown separately.
Note: A displayed score is editorial guidance only unless separately identified as an issuer-stated requirement.
See how SBI Elite Credit Card stacks up against competing cards on reward rates, annual charges, and milestone perks.
Use our customizable comparison tool to benchmark fees, lounge access, and rewards.
Stay informed with recent credit card news, policy updates, and expert guides for SBI Elite Credit Card.
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Everything you need to know about SBI Elite Credit Card fees, reward conversion, lounge access, and application eligibility.
SBI Elite Credit Card has an annual fee of ₹4,999 plus 18% GST. Most cardholders can get subsequent annual renewal fees waived by reaching the bank's annual milestone spend threshold. Additionally, the initial fee is often offset by welcome privileges like "Welcome e-Gift Voucher worth ₹5,000 (options include Yatra, Shoppers Stop, Pantaloons, or Bata/Hush Puppies) upon realization of the joining fee.".
SBI Elite Credit Card earns Reward Points at a primary rate of Up to 10 Reward Points per ₹100 spent (2.5% value). Specifically, Earn 5X Reward Points (10 RP per ₹100) on dining, groceries, and departmental store spends (combined cap of 10,000 points per month). Earn 2 Reward Points per ₹100 on all other regular retail spends. Excludes fuel, rent, wallet loads, and educational payments.. Spends in Lifestyle, Movies, Premium, Travel categories provide the maximum valueback per transaction on this card.
Rewards earned on SBI Elite Credit Card can be redeemed for Statement Credit / Cash (4 RP = ₹1.00 or 1 RP = ₹0.25), SBI Rewards Catalogue (Products & Vouchers), Air Miles and Travel Bookings via SBI's official rewards portal or mobile banking app. Points earned remain valid for 24 months from the transaction date before expiring.
Yes, SBI Elite Credit Card features complimentary airport lounge privileges. Privileges include: "International Lounge Access: Complimentary Priority Pass membership with 6 free visits per year outside India (maximum 2 visits per quarter)". Note that banks frequently require a minimum spend (typically ₹35,000 to ₹50,000) in the previous calendar quarter to unlock complimentary lounge access.
A CIBIL credit score of 750 or above is strongly recommended for approval of SBI Elite Credit Card. Applicants should be Indian residents aged 21 to 65 years with a stable monthly income (salaried or self-employed with ITR) and no recent payment defaults or high credit utilization over 30%.
SBI Elite Credit Card is issued on the Visa or Mastercard or American Express network with worldwide acceptance at over 30 million merchant establishments and online portals. International transactions, contactless tap-to-pay (up to ₹5,000 without PIN), and tokenized payments are supported once enabled in your banking app.
SBI Elite Credit Card levies a forex markup fee of 1.99% of the transaction amount + 18% GST (Effective 2.35%) on transactions processed in foreign currencies. For cross-border shopping and overseas travel, remember that standard 18% GST applies on the markup charge.
SBI Elite Credit Card currently features a welcome offer: "Welcome e-Gift Voucher worth ₹5,000 (options include Yatra, Shoppers Stop, Pantaloons, or Bata/Hush Puppies) upon realization of the joining fee.". To claim this joining perk, cardholders typically need to activate the card and complete a qualifying initial transaction within 30 to 60 days of card issuance.
Key highlights include Generous welcome voucher worth ₹5 and 000 effectively recovers the first-year fee. However, keep in mind that Base reward rate is extremely low (0.5% value) for transactions outside the accelerated categories and Very steep annual spend requirement of ₹10 Lakh to waive the ₹4. Overall, SBI Elite Credit Card delivers strong value if your regular spending aligns with Lifestyle, Movies, Premium, Travel.
You can apply for SBI Elite Credit Card directly through SBI's official website or digital portal. Essential documents include your PAN card, Aadhaar card for video KYC, proof of address, and recent income documentation (3 months' salary slips or latest ITR with computation). Decisions are typically communicated within 2 to 4 working days.
