SBI Card ELITE is one of the best credit cards in India to avail benefits across multiple categories like shopping, travel, movies, dining and more. Though it charges an annual fee of Rs. 4,999, the benefits easily surpass the charges, if utilized optimally. Read on to know more about the features, fees and other details of SBI Card ELITE.
Welcome e-gift voucher worth Rs. 5,000
SBI Elite Credit Card charges a joining fee of Rs. 4,999 but returns the entire amount in the form of a Rs. 5,000 welcome gift voucher. You can choose the brand of your choice from the varied brands that include Hush Puppies/ Bata, Yatra.com, Shoppers Stop and Pantaloons.
You will receive an SMS to choose from e-voucher options within 15 days of the annual fee payment. The e-voucher will be sent to your registered mobile number/email ID, within 5 days of the request.
ELITE Rewards on all your purchases
SBI Card Elite is a highly rewarding card, especially if you are a high spender. Following is the reward point structure of SBI Elite Credit Card-
5X Reward Points on Dining, Departmental stores and Grocery Spends
2 Reward Points per Rs. 100 on all other spends, except fuel
2 Reward Points on every Rs.100 spent on International transactions
Note: 4 Reward Points= Rupee 1
Milestone Rewards
Get up to 50,000 Bonus Reward Points worth Rs. 12,500 in a year. Reward points are given in the following manner:
10,000 bonus rewards each on spending Rs. 3 Lakh and Rs. 4 Lakh in a year
15,000 bonus reward points on spending Rs. 5 Lakh in a year
Additional 15,000 rewards on reaching annual spends of Rs. 8 Lakh
Converting into the cashback, 50,000 bonus rewards will be around Rs. 12,500. (Ratio of 4:1)
How to Redeem SBI Reward Points?
The reward points accumulated on SBI credit cards can be redeemed online by logging into SBI Card’s official website. They can also be redeemed by visiting the partner merchant store. Alternatively, you can also call on SBI Card helpline 39020202 (prefix local STD code) to redeem your reward points. Points can be redeemed in the multiples of 2000 points unless otherwise stated
Free movie tickets worth Rs. 6,000 every year
With SBI Card Elite you will get complimentary movie tickets worth Rs. 6,000 every year. The transaction will be valid on at least 2 tickets per booking every year and you can avail a maximum benefit of Rs. 250 per ticket. Also, a convenience fee will be charged on all the transactions.
Exclusive Travel Benefits (Memberships and Lounge access)
Club Vistara and Trident Privilege Membership
With your SBI Elite Credit Card, you will get a complimentary Club Vistara Silver Membership. The membership includes
1 complimentary Upgrade Voucher
9 Club Vistara Points for every Rs. 100 spent on Vistara Flights
Please note that this membership is only for primary cardholders. Once you get your new SBI Elite Credit Card, you should register for internet banking and then activate your Club Vistara Membership. Click here to apply for your Club Vistara Silver membership.
SBI Elite Credit Card is a great option if you are a frequent traveler as it offers numerous travel benefits. Trident Red Tier Membership is another benefit that you can avail on this card. The membership includes-
1,000 welcome points on registration
10% instant discount on booking through the hotel’s website
10 points per Rs. 100 spent for booking room at participating hotels
1,500 points on your first stay
Additional 1,000 hotel credit on extended night stay (use promo code: SBITH)
This offer is valid for primary cardholders only and can be activated by visiting the internet banking facility of SBI Card.
Airport Lounge Access
Domestic Lounge Program 2 complimentary Domestic Airport Lounge visits every quarter in India. For list of lounges visit Visa/ Mastercard/American Express**
International Lounge Program* Complimentary membership to the Priority Pass Program worth $99
6 complimentary Airport Lounge visits per calendar year, outside India ( max. 2 visits per quarter)
Access over 1000 Airport Lounges worldwide
*Usage fee of $27+applicable taxes will be charged on your SBI Card ELITE for visits to the Priority Pass member lounge after the complimentary visits.
Click here to know more about Priority Pass member Lounges. Only Primary Cardholders are eligible for Priority Pass and complimentary membership will be valid for 2 years only.
Dedicated assistance on Flower Delivery, Gift Delivery, Online Doctor Consultation (Concierge services)
Low Foreign Currency Mark-up Charge of 1.99% on International usage
SBI Card ELITE is accepted in over 24 million outlets across the globe, including 3,25,000 outlets in India
1% fuel surcharge waiver, on every transaction between Rs. 500 to Rs. 4,000, at any petrol pump across the country (maximum surcharge waiver of Rs. 250 per statement cycle, per credit card account)
Complimentary credit card fraud liability cover of Rs. 1 Lakh
