SBI Card ELITE
A premium points card: 10 points per ₹100 on dining, departmental stores and groceries (up to 10,000 a month), 2 per ₹100 elsewhere; 4 points = ₹1; 1.99% forex markup, airport lounges and movie tickets. Every figure below is copied from SBI Card’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | ₹4,999 plus GST Product page |
|---|---|
| Annual fee | ₹4,999 plus GST Product page |
| Annual fee waiver | On ₹10,00,000 of spend in the year Product page |
| GST on fees | 18% |
| Foreign-currency markup | 1.99% of the transaction, plus GST MITC |
| Reward redemption fee | ₹99 plus GST MITC |
Rewards
Reward points, ₹0.25 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| Dining, departmental stores and groceries | 10 points per ₹100 Terms | up to 10,000 points a month Terms |
| All other eligible spends, including international | 2 points per ₹100 Terms | no cap on record |
Points pay the card bill at 4 points = ₹1, with a ₹99 redemption fee; from 1 Apr 2026 statement-credit redemptions go in multiples of 4,000 points, up to 60,000 points a month. The 10,000-point monthly cap on the accelerated categories comes from the terms booklet linked on the product page (dated 2016). Points expire after 24 months.
No rewards on
Benefits
- Lounges: 8 domestic airport lounge visits a year (2 a quarter) and 6 international Priority Pass visits a calendar year (2 a quarter), with Priority Pass membership Product page
- Fuel: 1% fuel surcharge waived on fills of ₹500 to ₹4,000, up to ₹250 a statement cycle Product page
- Welcome: Welcome e-gift voucher worth ₹5,000 (Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion or Shoppers Stop) Product page
- Milestone: 10,000 bonus points at ₹3 lakh of annual spend Product page
- Milestone: 10,000 bonus points at ₹4 lakh of annual spend Product page
- Milestone: 15,000 bonus points at ₹5 lakh of annual spend Product page
- Milestone: 15,000 bonus points at ₹8 lakh of annual spend Product page
Also on this card
Quoted from SBI Card; not counted in the net value.
- Free movie tickets worth ₹6,000 a year Product page
- Up to 50,000 bonus points worth ₹12,500 a year on spend milestones Product page
- 6 international Priority Pass lounge visits a calendar year Product page
- 1.99% foreign currency markup Product page
- Complimentary 1-year Club ITC Silver Tier membership Product page
- Concierge for flower and gift delivery and online doctor consultation Product page
- Mastercard variant: 4 complimentary golf green-fee rounds and a lesson a month at select Indian courses Product page
Eligibility
The issuer does not publish its criteria on the pages read. Approval is its own decision.
Not published by SBI Card in the documents read
- eligibility criteria
- a RuPay variant for UPI
- the rupee value of each milestone (only the 50,000-point yearly total is valued, at ₹12,500)
Where SBI Card’s documents differ, and what is used
- Air accident cover: SBI Card discontinued the ₹1 crore air accident insurance on SBI Card ELITE from 15 Jul 2025 (customer notice); it is not listed.
The quotes behind the figures
43 figures, each copied from an official SBI Card document.
Show every quote and source
“Annual Fee: Rs. 4,999 + taxes”
“Renewal Fee (per annum): Rs. 4,999 + taxes from second year onwards”
“For the cardholders having state of residence in the records of SBI Card on the statement date as other than "Haryana" - Integrated Tax @ 18%”
“Annual fee reversal on annual spends of Rs. 10 lakh.”
“3% for SBI Card Miles, 2.5% for SBI Card Miles Primeand 1.99% (For AURUM, Elite, Prime NRI secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite).”
“Pay your outstanding card bill using Reward Points. 4 Reward Points = Re. 1”
“Cardholder shall earn total of 10 Reward Points for every `100 spent on the following categories: - 1. Dining 2. Departmental stores & grocery”
“Reward Points on accelerated categories as defined in section 11 of Terms and Conditions, will be subject to a capping of 10,000 Reward Points per calendar month.”
“5X Reward Points on dining, departmental stores and grocery spends”
“After reaching this monthly cap, the cardholder will accrue 2 Reward Points per Rs.100 on eligible transactions done in accelerated categories.”
“SBI Card ELITE Cardholders shall earn 2 Reward Points for every `100 charged to his/her SBI Card ELITE.”
“2 Reward Points per Rs. 100 on all other spends, except fuel”
“Earn 2 Reward Points on every Rs. 100 spent on international transactions”
“For SBI Card ELITE all spending charged to the SBI Card under the Program will be eligible to earn Points except the following - any purchases at petrol pumps/ service stations (MCCs excluded-5172, 5541, 5542, 5983)”
“List of SBI Credit Cards where Reward Points will not be applicable on Rent Payments w.e.f. 01 Apr'24 : • AURUM • SBI Card Elite”
“List of SBI Credit Cards where Reward Points will not be applicable on Government related transactions w.e.f. 1 Jun'24 : • AURUM • SBI Card ELITE”
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“SBI Elite Credit Card - Benefits & Features - Apply Now | SBI Card”
“SBI Card ELITE 4,999 4,999 (Waived off on annual spends of 10 Lakh or more in the preceding year)”
“Reward Points accrued under the Rewards Program are valid for a period of 24 months (for all cards except for AURUM).”
“W.e.f. 1 Apr'26, redemption of Reward Points for Statement Credit will be capped at 60,000 Points per month.”
“W.e.f. 1 Apr '26, redemption of Reward Points for Statement Credit can be made only in multiples of 4,000 Points.”
“Choose from an array of travel and lifestyle brands: Yatra, Hush Puppies / Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop”
“Complimentary membership to the Priority Pass Program worth $99”
“The total amount payable for the tickets would be reduced by Rs.500 or the cost of 2 tickets, whichever is less.”
“With effect from 15 July 2025, the complimentary Air Accident insurance coverage of ₹ 1 crore currently offered on your SBI Card Elite will be discontinued.”
“Secured card variant 'Advantage' also available”
“Rewards Redemption Fee: Rs.99. Applicable only on Physical products, Statement Credit & on Vouchers that are sent physically as specified in the individual product Terms & Conditions, for all cards except AURUM.”
“2 complimentary domestic airport lounge visits every quarter”
“Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India.”
“Maximum waiver of Rs. 250 per statement cycle, per credit card account.”
“Welcome e-Gift Voucher worth Rs. 5,000”
“Get 10,000 Bonus Reward Points on reaching Rs. 3 lakh and Rs. 4 lakh annual spends.”
“Get 15,000 Bonus Reward Points on reaching Rs. 5 lakh and Rs. 8 lakh annual spends.”
“Free movie tickets worth Rs. 6,000 every year”
“Up to 50,000 Bonus Reward Points worth Rs. 12,500 every year”
“6 complimentary airport lounge visits per calendar year, outside India (max. 2 visits per quarter)”
“Lowest foreign currency mark-up charge of 1.99% on international usage”
“Complimentary 1-year Club ITC Silver Tier Membership”
“Dedicated assistance on flower delivery, gift delivery, and online doctor consultation”
“Enjoy 4 rounds of complimentary green fees access and up to 50% off on golf games, along with 1 complimentary lesson per month at selected golf courses across India.”
“"ctaText" : "Apply Now", "ctaView" : "primary",”
“You can withdraw cash from over 1 million Visa or Mastercard or American Express ATMs across the globe.”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with SBI Card or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is SBI Card’s own file from its website, unaltered, fetched 2026-10-15. Methodology