SBI Card ELITE
Fees
₹4,999* Plus Applicable Taxes
Joining & annual
Reward 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
8 Domestic + 6 Int'l/yr
Our 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.
Reward limits
Checked 27 Sep 2026 · Bank terms
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10 points per ₹100 on dining, departmental stores and grocery; 2 per ₹100 elsewhere
No published limit
No rewards on: Fuel, rent, wallet loads, government, gaming, education, EMI/Flexipay
Where this card earns most
Paying directly in the app or site · 0.5% on other spends
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
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)
Spend milestone
Spend ₹3 Lakh in a year: Receive an automated 10,000 bonus reward points (worth ₹2,500)
Spend milestone
Spend ₹4 Lakh in a year: Receive an additional 10,000 bonus reward points (worth ₹2,500)
Spend milestone
Spend ₹5 Lakh in a year: Receive an additional 15,000 bonus reward points (worth ₹3,750)
Spend milestone
Spend ₹8 Lakh in a year: Receive an additional 15,000 bonus reward points (worth ₹3,750)
Spend milestone
Spend ₹10 Lakh in a year: Complete waiver/reversal of the ₹4,999 annual maintenance renewal fee for the subsequent cycle
Fees & Charges
Joining fee
₹4,999* Plus Applicable Taxes
Annual fee
₹4,999* Plus Applicable Taxes
Annual fee waived on reaching the milestone of ₹10 Lakh in annual spends
Interest rate
Up to 3.75% per month (45% per annum)
Late payment fee
Nil up to ₹100; ₹100 for ₹101-₹500; ₹500 for ₹501-₹1,000; ₹750 for ₹1,001-₹10,000; ₹950 for ₹10,001-₹25,000; ₹1,100 for ₹25,001-₹50,000; ₹1,300 above ₹50,000
Eligibility Criteria
age
21 to 70 years
employment profiles
Salaried and Self-employed Profiles
Credit score & income
Good to Excellent (750+)
Frequently Asked Questions
How many lounge visits does SBI Card ELITE offer?
Are the Club Vistara and Trident memberships still included with SBI Card ELITE?
What movie benefit does SBI Card ELITE offer?
How can the ₹4,999 annual fee be waived?
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,... | 8 Domestic + 6 Int'l/yr | 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 |