SBI Elite

SBI Card Elite is a super-premium credit card issued by SBI Cards (a subsidiary of State Bank of India). Available in Visa, Mastercard, RuPay Select, and American Express variants, it caters to individuals with a monthly income of Rs 1 lakh or above.

The card is known for its exceptional forex rates, Priority Pass international lounge access, movie benefits, and accelerated rewards on dining and grocery purchases.

Key Benefits:

• Lowest Forex Markup (1.99%): Save significantly on international transactions compared to the industry standard 3.5%
• Priority Pass: 6 complimentary international lounge visits per year at 1000+ lounges worldwide
• Domestic Lounge: 8 complimentary visits per year (2 per quarter)
• 5X Rewards: Earn 10 points per Rs 100 on dining, grocery, and departmental stores
• Movie Benefits: 2 free BookMyShow tickets per month (worth Rs 6,000/year)
• Golf Privileges: 4 complimentary rounds + 1 lesson per month
• Club ITC Silver: 25% off on 2nd night stay, 20% off on food orders
• Milestone Rewards: Up to 50,000 bonus points (Rs 12,500) annually

Welcome Benefit:

Receive an e-gift voucher worth Rs 5,000 from Yatra, Bata/Hush Puppies, Pantaloons, Shoppers Stop, or Aditya Birla Fashion on payment of joining fee.

Milestone Benefits:

• Earn up to 50,000 bonus reward points (worth Rs 12,500) every year on achieving spend milestones
• 2 free BookMyShow movie tickets per month (max Rs 250 each, Rs 6,000 annually)
• Annual fee waiver on spending Rs 10 lakh in the preceding year

International Lounge Access:

Complimentary Priority Pass membership (worth $99) with access to 1,000+ lounges worldwide. Get 6 complimentary visits per calendar year outside India (maximum 2 per quarter). Additional visits charged at $27 + taxes.

Domestic Lounge Access:

8 complimentary domestic lounge visits per year (2 per quarter) at airports across India.

Note: Priority Pass is available only for primary cardholders. Membership is valid for 2 years from issuance.

Reward Points Structure:

• Base Rate: 2 reward points per Rs 100 spent
• 5X Rewards: 10 points per Rs 100 on Dining, Grocery, and Departmental Stores
• Point Value: 4 reward points = Rs 1 (Rs 0.25 per point)
• Monthly Cap: 10,000 points on bonus categories combined

Redemption: Points can be redeemed for statement credit, gift vouchers, or products through SBI Card rewards portal.

Note: No reward points on fuel transactions.

Fees:

• Joining Fee: Rs 4,999 + GST
• Annual Fee: Rs 4,999 + GST (waived on Rs 10L annual spend)
• Add-on Card: Free

Charges:

• Interest Rate: 3.75% per month (45% per annum)
• Forex Markup: 1.99% (lowest in industry)
• Cash Advance: 2.5% (min Rs 300)
• Fuel Surcharge Waiver: 1% (max Rs 250/month)

Age Requirement:

• Salaried: 21-70 years
• Self-Employed: 25-70 years

Income Requirement:

• Minimum monthly income of Rs 1,00,000 (salaried)
• Good credit score (700+)
• Must be an Indian citizen

For Salaried Individuals:

• Identity Proof (Aadhaar/PAN/Passport)
• Address Proof (Aadhaar/Utility Bill/Passport)
• Income Proof (Latest 3 months salary slips)
• Bank Statement (Last 3 months)

For Self-Employed:

• Identity and Address Proof
• ITR for last 2 years
• Business proof documents