Sbi Elite
SBI Card
Sbi Elite
SBI Card
Annual Fee
₹4,999
Effective Rate
0.25%
Network
MASTERCARD
Point Value
₹0.25/pt
About Sbi Elite
2 RP/₹100 standard; 5 RP on dining/dept stores/groceries. 6 international + unlimited domestic lounge. 10K bonus RP at ₹3L/₹4L; 15K at ₹5L/₹8L. Annual fee reversal at ₹10L.
Best For
Pros & Cons
thumb_upPros
- check_circle6 Intl + Unlimited Domestic Lounge
- check_circleZero forex markup on international transactions
- check_circleSpending milestone bonuses for high spenders
thumb_downCons
- cancelAnnual fee of ₹4,999 with no waiver option
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹0.25 — an effective return of 0.25% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 5% | 500 pts≈ ₹125 |
| All other spends | 2% | 200 pts≈ ₹50 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the SBI Card rewards portal. Redemption value may vary by option.
Card Benefits
6 Intl + Unlimited Domestic Lounge
6 international + unlimited domestic airport lounge visits/year via Priority Pass.
Spending Milestones
Unlock bonus rewards when your annual spend crosses these thresholds.
Spend ₹3,00,000 (ANNUAL)
10,000 bonus RP on ₹3L annual spend.
Spend ₹4,00,000 (ANNUAL)
10,000 bonus RP on ₹4L annual spend.
Spend ₹5,00,000 (ANNUAL)
15,000 bonus RP on ₹5L annual spend.
Spend ₹8,00,000 (ANNUAL)
15,000 bonus RP on ₹8L annual spend.
Spend ₹10,00,000 (ANNUAL)
Annual fee reversal on ₹10L annual spend.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the SBI Card website.
| Annual Fee | ₹4,999 |
| Forex Markup | 0% (Zero Markup) |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about Sbi Elite.
Ready to apply for Sbi Elite?
Apply directly on the SBI Card website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.