SBI Elite Credit Card – Benefits, Features

The SBI Card Elite is a premium credit card offered by the State Bank of India (SBI). It is designed to provide customers with a host of exclusive benefits and rewards. The card offers a range of features such as unlimited reward points, exclusive discounts, cashback offers, and more.

The SBI Card Elite also offers a range of other benefits such as emergency assistance, concierge services, and purchase protection. The card also offers a fuel surcharge waiver of up to Rs. 250 per month.

Benefits

  • Welcome Benefit: Cardholders can enjoy a welcome benefit of up to 10,000 reward points when they make their first transaction within 90 days of card issuance.
  • Reward Points: Cardholders can earn up to 5X reward points on their spending on Dining, Departmental stores, and Grocery Spends and Earn 2 Reward Points per Rs. 100 on all other spends (Fuel Not Selected)
  • Complimentary Movie Tickets: Cardholders can get up to a Maximum discount is Rs. 250/ticket for 2 tickets only per month. you can save up to 6,000 every year on movie tickets.
  • Travel Benefits: Cardholders can enjoy a range of travel benefits such as 6 complimentary International Airport Lounge visits per year, 2 complimentary Domestic Airport Lounge visits every quarter in India, and exclusive discounts on flight and hotel bookings.
  • Fuel Surcharge Waiver: Cardholders can enjoy a fuel surcharge waiver of up to Rs. 100 per month.
  • Other Benefits: Cardholders can also enjoy a range of other benefits such as exclusive discounts on dining, shopping, and entertainment.

Features

  • Contactless Payments: Cardholders can make contactless payments using their SBI Card Elite at select partner outlets.
  • Online Account Management: Cardholders can manage their SBI Card Elite account online through the SBI Card website.
  • Global Acceptance: The SBI Card Elite is accepted at over 24 million outlets worldwide.
  • Security: The SBI Card Elite is equipped with advanced security features such as 3D Secure and Verified by Visa.
  • Flexible Payment Options: Cardholders can choose from a range of flexible payment options such as EMI, cashback, and balance transfer.
  • 24/7 Customer Care: Cardholders can get round-the-clock customer care assistance from the SBI Card team.

Additional Gifts

  1. Complimentary Trident Privilege Red Tier membership
  2. For Mastercard, get benefits of up to 50% off on golf games along with 1 complimentary lesson per month
  3. For VISA Card holders, get benefits of up to 10% on Hertz car rentals and up to 35% on Avis Car Rentals
  4. Lowest Forex Markup OF 1.99% And 2 Rewards on Internationally Usage of the card
  5. Get benefits of Dedicated assistance on Flower Delivery, Gift Delivery, and Online Doctor Consultation.
  6. Complimentary Club Vistara Silver membership with vouchers
  7. Complimentary membership to the Priority Pass Program worth $99

Eligibility Criteria

ListDetails
AgeMinimum 21 years, Maximum 60 years
NationalityIndian
IncomeMinimum net monthly income of Rs. 60,000
Credit Score750 or above (may vary based on the bank’s discretion)
EmploymentSalaried or self-employed professionals/businesses
KYC Documents RequiredIdentity proof, address proof, and income proof documents

How to Apply For The Card

Applying for the SBI Card Elite is a simple and effortless process. To apply, you can go SBI Card page and click on the ‘Apply Now’ button.

This will take you to the application page, where you will be required to fill in your personal and financial details.

Once you have completed the application form, you will need to submit the required documents such as your identity proof, address proof, and income proof.

Once your application is approved, you will receive your SBI Card Elite in the mail. You will also receive an activation code, which you will need to activate your card.

Once your card is activated, you can start using it to make purchases and avail yourself of the exclusive benefits and rewards.

The SBI Card Elite comes with a host of features and benefits, making it an ideal choice for those who want to enjoy a premium lifestyle.

It offers exclusive rewards, discounts, and privileges, as well as travel and lifestyle benefits. It also provides access to exclusive offers and discounts at leading restaurants, hotels, and retail outlets.

Charges

ListDetails
Annual FeeRs. 4,999 (GST extra)
Renewal FeeRs. 4,999 (GST extra)
Add-on Card FeeNil
Finance ChargesUp to 3.35% per month or 40.2% per annum
Cash Advance Fee2.5% of the transaction amount (minimum Rs. 500)
Late Payment FeeRs. 100 to Rs. 750, depending on the total amount due
Over Limit Fee2.5% of the over limit amount (minimum Rs. 500)
Foreign Currency Markup1.99% of the transaction amount
Card Replacement FeeRs. 100 to Rs. 300, depending on the type of card
Payment Dishonor Fee2% of the payment amount (minimum Rs. 450, maximum Rs. 500)
Cash Payment FeeRs. 100 (for payments made at SBI branches)
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