SBI Card ELITE

The State Bank of India provides the SBI Credit Card elite to people who frequently travel throughout the country and around the world.

It is a travel and lifestyle credit card that provides a variety of benefits, such as SBI Elite credit card lounge access, as well as discounts on international and domestic flights and hotel reservations.

sbi-card-elite.png

Image Source: SBI Official website

Highlights of the SBI Credit Card Elite

Joining Fees

Rs. 4,999

Suitability

Travel and Rewards

Renewal Charges

Rs. 4,999

Rewards

Rs. 5,000 gift vouchers and 50,000 bonus points every year.

SBI Elite Credit Card Benefits and Features

The SBI Elite Card is one of the most premium offerings from the SBI Card and thus comes with a slew of exciting benefits. With this card, you can get exclusive offers in almost every category, from welcome benefits to rewards to travel.

Understand the SBI Card Elite's detailed benefits and features here-

Welcome Rewards

You will receive an e Gift Voucher worth Rs. 5,000 from any of the following travel/lifestyle brands: Yatra, Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, and Shoppers Stop as a greeting with the card. 

Travel Rewards

  • Free Silver-tier Club Vistara membership.
  • Trident Privilege Red Tier membership is complimentary.
  • Free access to international and domestic lounges at domestic and international airports.
  • The Tablet plus membership provides free access to VIP upgrades and privileges at hotels in India and abroad (for AmEx variant holders only).
  • Up to 15% off the best available rates at Lalit and F&B hotels (for the MasterCard variant)
  • Up to 10% off Hertz car rentals and up to 35% off Avis car rentals (for Visa variant only).
  • Take advantage of exciting benefits across 900 luxury hotels. (Only for the Visa variant).

Golf Rewards

You get four free green fee rounds, a 50% discount on all golf games, and one free golf lesson each month at select golf courses across India. This benefit is only available to MasterCard variant holders.

Movie Benefits

  • Every month, you will receive complimentary/discounted movie tickets (max benefit capped at Rs. 6,000 per year and Rs. 250 per ticket, offer valid for at least two tickets per booking per month).
  • Exciting dining offers and deals with up to 25% off at partnered restaurants (with American Express variant only).

Annual Waiver

If the cardholder spent Rs. 10 lakhs or more in the previous year, the annual fee for the Elite Card is waived.

Fuel Surcharge Waiver

The 1% fuel surcharge exemption applies to all fuel transactions ranging from Rs. 500 to Rs. 4,000. For this card, the maximum benefit under the waiver is Rs. 250 per month.

Reward Points

  • 2 RPs for every Rs. 100 spent on the card.
  • 5X (10) Reward Points for every Rs. 100 spent at department stores, restaurants, and grocery stores.

SBI Elite Credit Card Annual Fee and Charges

SBI Elite Credit Card Charges (Annual)

Rs. 4,999

Finance Charges

42% p.a

Renewal Charges

Rs. 4,999

Late Payment Charges

  • Rs. 400 for the total amount due in excess of Rs. 500 and up to Rs. 1000.
  • Rs. 750 for amounts due in excess of Rs. 1000 and up to Rs. 10,000.
  • Rs. 950 for amounts due in excess of Rs. 10.000 and up to Rs. 25,000.
  • Rs. 1,100 for amounts due in excess of Rs. 25,000 and up to Rs. 50,000.
  • Rs. 1,300 if the total amount owed exceeds Rs. 50,000.

SBI Elite Credit Card Eligibility

The basic eligibility criteria that you must meet in order to be approved for this SBI Elite Card are listed below. However, the card issuer may have additional requirements that will determine whether your credit card application is approved or denied.

Self-Employed

21 - 60 Years and More than Rs. 60,000 income per month.

Salaried

18 - 65 Years and More than Rs. 60,000 income per month.

Documents Required for the SBI Card Elite Application

The following documents will be required to apply for the SBI Elite Credit Card-

  • Voter ID, Aadhar Card, PAN Card, Driving Licence, etc.
  • Income proof consists of the most recent three months' bank statements, salary slips, or the most recent audited ITR.
  • Utility bills, Aadhar cards, driving licenses, passports, and other forms of address proof are acceptable.

SBI Elite Credit Card Application Process

There are several online and offline options for applying for the SBI Elite Credit Card.

To apply offline, bring all required documents to the nearest SBI branch and fill out the offline application form there.

If you prefer to apply online, simply follow the steps below:

Step 1: Visit the official SBI Card website.

Step 2: Click the 'Apply Now' option under the 'Apply' button.

Step 3: You will be redirected to a page with a list of all SBI Credit Cards.

Step 4: To proceed, select the SBI Card Elite and click on apply now.

Step 5: Fill out the online application form and submit it.

Step 6: One of the bank's representatives will contact you to discuss the next steps.

Similar Credit Cards

Credit Card Name

Features

IndusInd Bank Legend Credit Card

1 Reward point for Rs. 100 on weekdays and 2 Reward points for Rs. 100 on weekends.

HDFC Diners Club Privilege

4 Reward points for every Rs. 150.

Air India SBI Signature Credit Card

5 Reward points for Rs. 100 spent.

HDFC Regalia Credit Card

4 Reward Points for every Rs. 150.

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