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
- 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,
- 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,
- 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 / Charges | Amount |
Annual Fee (one time) | Rs. 4,999 |
Renewal Fee (per annum) | Rs. 4,999 |
Finance Charges | up 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!