SBI Card ELITE
Fees
₹4,999* Plus Applicable Taxes
Joining & AnnualReward Rate
5X Reward Points (10 points per ₹100 spent) on Dining, Groceries, and Departmental Store spends (equivalent to a 2.5% value back); 2 Reward Points per ₹100 spent on all other regular retail purchases (equivalent to a 0.5% value back); 4 Reward Points = ₹1
Welcome Bonus
Welcome gift vouchers worth ₹5,000 upon card activation from choice of brand partners (Bata/Hush Puppies, Pantaloons, Yatra, Shoppers Stop, or Aditya Birla Fashion); Complimentary 1-year Club ITC membership unlocking a 50% discount on the 2nd-night stay at participating ITC Hotels
Lounge Access
Domestic + International
FindMyCard Expert Take
SBI Card ELITE is Card PRIME's step up: the same dining and grocery bonus categories, plus a genuinely useful ₹6,000 annual movie ticket benefit via BookMyShow and a full year of Club ITC membership. The welcome vouchers again largely offset the ₹4,999 fee in year one.
Pros & Cons
Key Advantages
- Welcome brand vouchers fully offset the upfront first-year joining fee barrier
- Excellent complimentary movie ticket benefit worth ₹6,000 every year via BookMyShow
- Airport lounge access covering both domestic and international terminals
- Competitive low foreign currency exchange transaction markup fee of 1.99%
Limitations
- Accelerated reward categories cap out at a 2.5% value back, which underperforms compared to select lower-fee cards
- Extremely weak base reward rate of 0.5% for general transactions outside accelerated tiers
- High ongoing annual retail spend threshold of ₹10 Lakh required to trigger the renewal fee waiver
- Previously included travel memberships like Club Vistara Silver and Trident Red Tier have since been discontinued
Editorial Verdict
The SBI Card ELITE is ideally suited for high-volume everyday spends on groceries, dining & movies. If you want 5x reward points (10 points per ₹100 spent) on dining, groceries, and departmental store spends (equivalent to a 2.5% value back); 2 reward points per ₹100 spent on all other regular retail purchases (equivalent to a 0.5% value back); 4 reward points = ₹1, this card delivers real value. The ₹4,999* plus applicable taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good to Excellent (750+) credit to be approved.
Key Perks & Spending Milestones
5X Reward Points accrued for every ₹100 spent on Dining, Grocery, and Departmental Store purchases
2 Reward Points accumulated for every ₹100 spent across all other standard retail transaction pipelines
Standard redemption value baseline where 4 Reward Points equal ₹1 in statement credit or partner catalog value
2 complimentary movie tickets worth up to ₹250 each per month on BookMyShow (offering up to ₹6,000 in annual movie savings; minimum 2 tickets per booking required)
6 complimentary international airport lounge visits per calendar year outside India via Priority Pass membership (capped at a maximum of 2 visits per quarter)
Complimentary Priority Pass program membership card worth an standard annual value of USD 99
8 complimentary domestic airport lounge visits across India every year (capped at a maximum of 2 visits per calendar quarter across Visa, Mastercard, or American Express networks)
Reduced foreign exchange cross-currency markup transaction handling fee set at 1.99% on international card usage
Complimentary built-in 24/7 dedicated personal Concierge Service lines managing flower deliveries, gift arrangements, and online medical consultations
1% fuel surcharge waiver shield protection covering all valid domestic petrol pump transactions bounded between ₹500 and ₹4,000 (capped up to ₹250 saved per monthly billing cycle)
🚀 Milestone Spends Timeline
Spend ₹3 Lakh in a year: Receive an automated 10,000 bonus reward points (worth ₹2,500)
Spend ₹4 Lakh in a year: Receive an additional 10,000 bonus reward points (worth ₹2,500)
Spend ₹5 Lakh in a year: Receive an additional 15,000 bonus reward points (worth ₹3,750)
Spend ₹8 Lakh in a year: Receive an additional 15,000 bonus reward points (worth ₹3,750)
Spend ₹10 Lakh in a year: Complete waiver/reversal of the ₹4,999 annual maintenance renewal fee for the subsequent cycle
Fees & Charging Rates
Annual Fee Waivers
₹4,999* Plus Applicable Taxes
💡 Annual fee waived on reaching the milestone of ₹10 Lakh in annual spends
Regular Interest Charges
3.50% per month (42% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹400 |
| 10001 to 25000 | ₹950 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
Eligibility Criteria
age
21 to 70 years
employment profiles
Salaried and Self-employed Profiles
Compare SBI Card ELITE With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| SBI Card ELITE This Card | ₹4,999* Plus Applicable Taxes | 5X Reward Points (10 points per ₹100 spent) on Dining, Groceries,... | Domestic + International | 3.5/5 |
| Tata Neu Infinity SBI Card | ₹1,499 + Taxes | 5% NeuCoins on Tata Neu App/Website + partner brands, up to 10% on... | 2 Domestic/Qtr (₹75K Spend) + 4 Int'l/yr | 4.7/5 |
| American Express Membership Rewards® Credit Card | ₹1,000 + Taxes | 1 Membership Rewards Point per ₹50 spent (excl. fuel, utility,... | No Lounge Access | 4.6/5 |
| IDFC FIRST Business Multiplier Credit Card | ₹2,999 + Taxes | 10 Reward Points per ₹200 spent, up to ₹1 Lakh monthly spend; 5... | 8/yr Domestic + International (₹20K Spend) | 4.6/5 |