SBI Card ELITE
Best for mid-premium users wanting lounge access and low forex markup. 5X RP (10 per Rs 100) on dining, departmental stores, grocery; 2 RP per Rs 100 elsewhere. 4 RP = Rs 1
Terms as of 2026-06-10 · Checked 30 September 2026SBI Card ELITE at a glance
Who it suits: Mid-premium users wanting lounge access and low forex markup
Rewards & cashback
| Details | |
|---|---|
| How you earn | 5X RP (10 per Rs 100) on dining, departmental stores, grocery; 2 RP per Rs 100 elsewhere. 4 RP = Rs 1 |
| Caps & exclusions | 5X cumulative cap 10,000 RP/month |
| Welcome benefit | Rs 5,000 welcome e-voucher (Bata, Pantaloons, Yatra etc.); milestones up to 50,000 bonus RP/yr at Rs 3-8 lakh; free movie tickets worth Rs 6,000/yr |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹600 | -₹5,299 |
| ₹3,00,000 / year | ₹1,500 | -₹4,399 |
| ₹6,00,000 / year | ₹3,000 | -₹2,899 |
| ₹12,00,000 / year | ₹6,000 | ₹6,000 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | Domestic: 2 visits/quarter; International: 6/yr (max 2/quarter) with Priority Pass |
| Fuel surcharge | 1% waiver, max Rs 250/month |
| Forex markup | 1.99% + 18% GST on the markup |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹4,999 + GST |
| Annual / renewal fee | ₹4,999 + GST |
| Fee waiver | Annual fee reversed on Rs 10 lakh annual spend |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Income / criteria | Age 21-70; salaried or self-employed |
| Age | 21-70 (per card pages) |
| Credit score | 750+ improves approval chances |
Similar cards
| Card | Issuer | Joining / annual fee | Reward rate | Best for |
|---|---|---|---|---|
| Standard Chartered Ultimate | Standard Chartered | ₹5,000 / ₹5,000 | 3.33% base value | High flat reward rate on all spends |
| HDFC Bank Diners Club Black Metal Edition | HDFC Bank | ₹10,000 / ₹10,000 | 3.33% base value | High spenders wanting uncapped-lounge premium card below Infinia |
| HDFC Bank Infinia Credit Card Metal Edition | HDFC Bank | ₹12,500 / ₹12,500 | 3.33% base value | Super-premium, high-spend travellers (invite-only) |
| Standard Chartered Beyond | Standard Chartered | ₹15,000 / ₹25,000 | 3.33% base value | Affluent Priority Banking clients |
| ICICI Bank Emeralde Private Metal | ICICI Bank | ₹12,499 / ₹12,499 | 3.00% base value | Super-premium spenders wanting unlimited lounges and hotel memberships |
| HSBC Premier | HSBC India | ₹12,000 / ₹20,000 | 3.00% base value | HSBC Premier banking customers |
Frequently asked questions
What is the annual fee of the SBI Card ELITE?
Joining fee ₹4,999 and annual fee ₹4,999 (plus 18% GST). Annual fee reversed on Rs 10 lakh annual spend.
What rewards does it offer?
5X RP (10 per Rs 100) on dining, departmental stores, grocery; 2 RP per Rs 100 elsewhere. 4 RP = Rs 1 Caps/exclusions: 5X cumulative cap 10,000 RP/month
Does it give airport lounge access?
Domestic: 2 visits/quarter; International: 6/yr (max 2/quarter) with Priority Pass
What is the forex markup?
1.99% on international transactions, plus 18% GST on the markup. On ₹1 lakh spent abroad that is about ₹2,348.
Who is eligible?
Age 21-70; salaried or self-employed. A CIBIL score of 750+ improves approval chances.
Is the SBI Card ELITE good for me?
Best for: Mid-premium users wanting lounge access and low forex markup. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-06-10. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on SBI Card’s website before applying. FinancePortal is not affiliated with the issuer.