SBI Elite Credit Card Review

The SBI Elite Credit Card provides many benefits in multiple categories, such as shopping, traveling, dining, and even going to the movies. If you are interested in a benefits credit card, keep reading!

Features and Benefits

This card comes with the following features and benefits:

  • Welcome e-gift voucher worth Rs. 5,000,
  • ELITE Rewards on all purchases,
  • Milestone Rewards,
  • Free movie tickets worth Rs. 6,000 every year,
  • Exclusive Travel Benefits,
  • Dedicated assistance on Flower Delivery, Gift Delivery, and Online Doctor Consultation,
  • Low Foreign Currency Mark-up Charge of 1.99% on International usage,
  • A 1% fuel surcharge waiver, on every transaction between Rs. 500 to Rs. 4,000, at any petrol pump across the country,
  • Complimentary credit card fraud liability cover of Rs. 1 Lakh.

Welcome e-gift voucher worth Rs. 5,000

You can choose your favorite brands! The options include: Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop

Free movie tickets worth Rs. 6,000 every year

By using this benefit, you can enjoy 2 tickets per booking per month. The maximum discount is Rs. 250/ticket for 2 tickets only. 

Milestone Rewards

With this card, you can earn up to 50,000 Bonus Reward Points worth Rs. 12,500/ year and  10,000 bonus Reward Points on achieving annual spending of Rs. 3 lakhs and 4 lakhs.

ELITE Rewards on all purchases

  • Get 5X Reward Points on Dining, Departmental stores, and Grocery Spends
  • Earn 2 Reward Points per Rs. 100 on all other spends, except fuel

Exclusive Travel Benefits

This benefit offers:

  • International Lounge Program: Complimentary membership to the Priority Pass Program worth $99 and 6 complimentary Airport Lounge visits per calendar year, outside India ( max. 2 visits per quarter),
  • Domestic Lounge Program: 2 complimentary Domestic Airport Lounge visits every quarter in India,
  • Club Vistara Membership:  Get 1 complimentary Upgrade Voucher,
    • Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights.

Eligibility Criteria

To apply for this card, consider the criteria below:

  • Income: you must prove an income of Rs. 60,000 per month
  • Documents required: the documents required are
  1. Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI,
  1. Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account,
  1. Proof of Income: The latest one or 2 salary slips (not more than 3 months old), Latest Form 16, and the last 3 months’ bank statement.

Fees and Taxes

The Fees of the SBI Elite Credit Card are:

Fees / ChargesAmount
Annual Fee (one time)Rs. 4,999
Renewal Fee (per annum)Rs. 4,999
Finance Chargesup to 3.50% per month [42% per annum]
Late Payment Fee*NIL for Total Amount due from Rs.0-Rs.500;Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000;Rs. 750 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000;Rs. 950 for Total Amount due greater than Rs. 10.000 & up to Rs. 25,000Rs. 1,100 for Total Amount due greater than Rs. 25,000 & up to Rs. 50,000Rs. 1,300 for Total Amount due greater than Rs. 50,000

If you want to apply for this card, click here!