The SBI Card ELITE is a premium offering from SBI that caters to individuals looking for exclusive benefits in travel, lifestyle, and entertainment. It provides luxurious privileges, such as complimentary access to airport lounges, reward points on varied transactions, and fraud liability coverage, making it one of the most coveted lifestyle cards in the Indian market. Additionally, cardholders can enjoy premium memberships to luxury brands and exceptional discounts at select establishments globally.
The SBI Card ELITE offers luxurious benefits like a ₹5,000 welcome gift, complimentary movie tickets worth ₹6,000 annually, international and domestic lounge access, and up to 50,000 bonus reward points for milestone spending.
Key Highlights of SBI ELITE Card
The SBI ELITE Card is designed for individuals seeking a premium lifestyle experience with exclusive benefits across travel, shopping, dining, and entertainment. Below is a summary of the key highlights of the SBI ELITE Card:
| Feature | Details |
|---|---|
| Welcome Gift | E-Gift voucher worth ₹5,000 from top brands like Yatra, Pantaloons, Hush Puppies, Bata, and more. |
| Movie Benefits | Free movie tickets worth ₹6,000 annually via BookMyShow (₹250 discount per ticket, 2 tickets per month). |
| Rewards Program | Earn 5X reward points on dining, groceries, and departmental store purchases. 2 reward points on other spends except fuel. |
| Milestone Bonus | Earn up to 50,000 reward points per year upon achieving spending milestones of ₹3 lakh and ₹4 lakh. |
| Airport Lounge Access | Complimentary membership to Priority Pass (worth $99) with 6 international lounge visits annually. |
| Domestic Lounge Access | 2 complimentary domestic lounge visits per quarter at major airports across India. |
| Luxury Brand Memberships | Complimentary Club Vistara Silver and Trident Privilege memberships. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 (max ₹250 per billing cycle). |
| Low Foreign Currency Markup | 1.99% on international transactions, among the lowest in the market. |
| Fraud Liability Coverage | Coverage up to ₹1 lakh against fraud or card loss. |
| Add-On Cards | No additional fee for issuing add-on cards for family members. |
SBI ELITE Credit Card Fees & Charges
The SBI ELITE Card is a premium credit card, and like most high-end cards, it comes with certain fees and charges. These are structured to offer value through the many exclusive benefits that the card provides. Below is a detailed breakdown of the fees associated with the SBI ELITE Card:
| Fee Type | Amount |
|---|---|
| Annual Fee | ₹4999+ Taxes (One-time fee) |
| Renewal Fee | ₹4999+ Taxes per year (waived if annual spend is ₹10,00,000 or more) |
| Add-on Card Fee | Nil |
| Finance Charges | As per SBI card terms (usually around 3.50% per month) |
| Cash Payment Fee | ₹250+Taxes |
| Cash Advance Fee | 2.5% of transaction amount (Minimum ₹500) |
SBI Elite Card Late Payment Charges
Late payment charges apply if the minimum amount due is not paid by the payment due date. Here is a table for the late payment charges based on the outstanding amount:
| Outstanding Amount (₹) | Late Payment Charge (₹) |
|---|---|
| 0 – 500 | Nil |
| 500 – 1,000 | 400 |
| 1,000 – 10,000 | 750 |
| 10,000 – 25,000 | 950 |
| 25,000 – 50,000 | 1,100 |
| Above 50,000 | 1,300 |
Balance Transfer Offer on SBI Card ELITE
The balance transfer feature allows you to transfer the outstanding amount from other bank credit cards to your SBI Credit Card, offering attractive interest rates over different tenures.
| Tenure | Rate of Interest |
|---|---|
| 60 days | 0% |
| 180 days | 1.7% per month (20.40% p.a.) |
Note:
- For all subsequent purchases (retail or cash), a finance charge applies:
- 3.5% per month (42% p.a.) for unsecured cards
- 2.75% per month (33% p.a.) for secured cards and Shaurya cards
- Finance charges apply from the date of purchase for all cardholders with an active balance transfer (BT).
- The interest-free period of up to 50 days does not apply to new purchases if there is an active BT.
- A one-time processing fee is charged in addition to the rate of interest (ROI).
Eligibility Criteria for SBI ELITE Card
The SBI ELITE Card is a premium lifestyle card that requires applicants to meet specific eligibility criteria to ensure they can fully benefit from its exclusive offerings. Below are the key requirements for applying for this card:
- Occupation: Both salaried and self-employed individuals are eligible to apply for the SBI ELITE Card.
- Minimum Income for Salaried Applicants: Salaried individuals must have a minimum monthly income of ₹60,000.
- Minimum Income for Self-employed Applicants: Self-employed applicants are also required to have a minimum monthly income of ₹60,000.
Documents Required to Apply for SBI ELITECard
When applying for the SBI ELITECard, you will need the following documents:
- Identity Proof: Aadhaar Card, Passport, PAN Card, or Voter ID.
- Address Proof: Recent utility bill, Aadhaar card, Passport, or Voter ID
- Income Proof: Latest salary slip or income tax returns (for self-employed individuals).
- Photograph: A recent passport-sized photo.
Features of SBI ELITECard
The SBI ELITE Card offers a range of premium features designed for those who seek luxury, convenience, and enhanced security. Below is a list of the major features:
- Mastercard, Visa, and American Express Privileges: Offers exclusive discounts on golf, hotels, and car rentals, along with premium dining discounts and VIP privileges across select hotels worldwide.
- Contactless Payments: Fast, secure, and convenient contactless payment technology with Visa payWave, allowing quick transactions without swiping.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹4,000, saving up to ₹250 per billing cycle.
- Fraud Liability Cover: Provides coverage of up to ₹1 lakh for unauthorized transactions from 48 hours prior to reporting the loss of the card.
- Emergency Card Replacement: 24/7 card replacement service worldwide for Visa and Mastercard holders.
- Add-on Cards: Issue free add-on cards for immediate family members over 18 years of age.
- Cash Access Worldwide: Access to over 1 million ATMs globally for convenient cash withdrawals.
- Security with Chip and PIN: Advanced security features to protect against card skimming and counterfeiting.
- Easy Bill Pay: Pay utility bills (electricity, mobile, etc.) with ease through the SBI ELITE Card.
- Flexipay: Convert transactions of ₹2,500 or more into easy EMIs.
- Balance Transfer on EMI: Transfer outstanding balances from other bank credit cards to SBI ELITE at lower interest rates and pay in EMIs.
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Benefits of SBI ELITE Card
The SBI ELITE Card is packed with premium benefits, making it ideal for individuals seeking exclusive privileges in travel, lifestyle, and entertainment. Below is an overview of the key benefits:
- Welcome Gift: Get a ₹5,000 e-Gift Voucher upon joining, redeemable at top lifestyle and travel brands such as Yatra, Bata, Pantaloons, and more.
- Complimentary Movie Tickets: Enjoy free movie tickets worth ₹6,000 annually, with up to 2 tickets per month (₹250 per ticket).
- Milestone Privileges: Earn up to 50,000 Bonus Reward Points annually, plus an extra 10,000 points when spending ₹3 lakh and ₹4 lakh per year.
- ELITERewards:
- Earn 5X Reward Points on dining, groceries, and departmental store spends.
- 2 Reward Points per ₹100 spent on other categories (excluding fuel).
- International Lounge Program: Complimentary Priority Pass membership worth $99 and 6 annual international lounge visits.
- Domestic Lounge Program: 2 free domestic airport lounge visits per quarter at major airports across India.
- Club Vistara Membership: Complimentary Club Vistara Silver membership, plus earn 9 Club Vistara points per ₹100 spent on Vistara flights.
- Trident Privilege Membership: Free Trident Privilege Red Tier membership, with benefits like 1,000 Welcome Points and 1,500 Bonus Points on the first stay.
- Lowest Forex Markup: Enjoy one of the lowest foreign currency markup fees at 1.99%, plus earn 2 Reward Points per ₹100 spent on international transactions.
- Exclusive Concierge Service: Access to a dedicated concierge for services like flower delivery, gift delivery, and online doctor consultations.
Steps to Apply for an SBI ELITE Card
To apply for the SBI ELITE Card, follow these steps:
- Visit SBI Card Website: Go to the SBI Card website.
- Select the ELITE Card: Navigate to the SBI ELITE Card page and click on ‘Apply Now.’
- Fill the Application: Enter your personal and financial information as required.
- Upload Documents: Submit the necessary identity and income proof documents online.
- Approval: After submission, the bank will review your application, and you will be notified of the decision.
SBI Credit Card Contact Details
SBI Card offers multiple ways to get assistance for your credit card queries and services.
- Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
- Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
- Simply SMS: Send an SMS to 5676791 from your registered mobile number.
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