Priority Pass
State Bank of India
Elite
The SBI Card ELITE is designed as an all-rounder premium card that provides a mix of lifestyle, dining, movie, and travel privileges. At an annual fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹4,999
Joining Fee
₹4,999
Fee Waiver
Spend ₹10,00,000 annually
Lounge Access
See details
Forex Markup
1.99%
Effective Yield
0.5% – 3%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The SBI Card ELITE is designed as an all-rounder premium card that provides a mix of lifestyle, dining, movie, and travel privileges. At an annual fee of Rs. 4,999, it offers structured milestones and high-value rewards for users who can consistently direct their spending through its bonus categories. The card is particularly compelling for moviegoers and moderate travelers who can fully utilize the lounge and ticketing benefits to offset the annual fee.
Among its standout privileges, the card features an annual movie benefit worth Rs. 6,000 and a welcome gift of vouchers worth Rs. 5,000 upon activation. Cardholders also receive robust lounge benefits, including complimentary Priority Pass membership and domestic and international lounge visits, alongside a competitive foreign exchange mark-up rate of 1.99%. However, because its base reward rate remains quite low and premium travel memberships with partners like Trident Hotels and Club Vistara have been discontinued, it functions more as a lifestyle card rather than a dedicated travel card.
The ideal user for the SBI Card ELITE is a high-spender who frequently dines out, shops for groceries, and regularly books movies. To unlock the card's full potential, including annual fee waivers and maximum milestone bonuses, users must be ready to hit annual spend thresholds of up to Rs. 10 Lakh.
What We Like
We highly appreciate the card's exceptional entertainment value, which provides up to Rs. 6,000 in complimentary movie tickets each year. Additionally, the generous welcome vouchers worth Rs. 5,000 and the low foreign currency mark-up rate of 1.99% make it highly practical for lifestyle and international usage.
Pros
- ✓Accelerated reward points on everyday spending categories like grocery, dining, and departmental store purchases.
- ✓Comprehensive domestic and international airport lounge access privileges.
- ✓Complimentary annual movie tickets valued at up to Rs. 6,000.
- ✓A reduced foreign exchange mark-up fee of 1.99% for international transactions.
Cons
- ✗Low base reward point earning rate on transactions outside of the accelerated bonus categories.
- ✗Disappointing reward redemption value of Rs. 0.25 per point.
- ✗Absence of significant travel-specific privileges beyond standard airport lounge access.
Get This Card If
- ✓You put most of the expenses on your credit card every month
- ✓You go out for movies and dining many times in a month
- ✓Complimentary domestic and international lounge access is a valuable feature for you
- ✓You would like to earn accelerated rewards on grocery and departmental store spends
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Dining, Groceries & Departmental | 10 Reward Points (RP) per ₹100 | 2.50% | 10,000 RP per month |
| International Spends | 2 RP per ₹100 | 0.50% | No Upper Cap |
| All Other Retail Spends | 2 RP per ₹100 | 0.50% | No Upper Cap |
| Excluded Categories | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹3 Lakh | Bonus Points10,000 pts | ₹2,500 Value | 10,000 Bonus RP awarded upon reaching ₹3 Lakhs annual spend. |
| ₹4 Lakh | Bonus Points10,000 pts | ₹2,500 Value | Additional 10,000 Bonus RP awarded upon reaching ₹4 Lakhs annual spend. |
| ₹8 Lakh | Bonus Points15,000 pts | ₹3,750 Value | Aggregated bonus points can reach 50,000 RP (₹12,500) at the ₹8L mark. |
| ₹10 Lakh | Fee Waiver | ₹4,999 + GST Savings | Annual fee for the following year is waived upon hitting ₹10 Lakhs spend. |
| ₹5 Lakh | Bonus Points15,000 pts | ₹3,750 Value | Additional 15,000 Bonus RP awarded upon reaching ₹5 Lakhs annual spend. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Statement Credit (Cash) | ₹0.25 per point4:1 Ratio | Flexible but capped at 60,000 RP (₹15k) per month. |
| Reward Catalogue / Vouchers | ₹0.25 per pointVaries | Use for lifestyle vouchers; ₹99 + GST redemption fee applies. |
What You Need to Know
Utility Processing Fee
1% fee on utility payments exceeding ₹50,000 in a billing cycle.
Impact: Large electricity or insurance bills will incur a net cost despite points earned.
Rent Exclusion
No reward points are accrued on Rent payments as of the 2026 policy update.
Impact: Eliminates the card's utility for meeting milestones via high-value rent spends.
Essential Fine Print
Reward Exclusions
Excluded Categories: Cash advances, Balance Transfer, Encash, Flexipay, Fuel transactions, Wallet loading and Rent payments do not earn reward points.
Welcome Offer
Welcome Gift Voucher
e-Gift Voucher worth ₹5,000 on joining fee payment, redeemable at brands like Yatra, Hush Puppies/Bata, Pantaloons, Shoppers Stop, and Aditya Birla Fashion.
Lounge Access
Priority PassInternational Lounge Access
Complimentary Priority Pass membership with 6 complimentary visits per calendar year (max 2 visits per quarter).
Domestic Lounge Access
2 complimentary visits per calendar quarter to domestic airport lounges in India.
Travel Benefits
Low Forex Markup
Reduced foreign currency mark-up of 1.99% on international transactions.
ITC Silver Tier Membership
Complimentary 1-year ITC Silver Tier Membership membership, eligible after first transaction within 60 days of card issuance.
Dining Benefits
Dining & Grocery Rewards
Earn 5X Reward Points (10 points per ₹100) on Dining, Departmental stores and Grocery spends.
Golf Benefits
Mastercard variant features
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.
Milestone Benefits
Annual Fee Waiver
Annual fee reversal on annual spends of ₹10 Lakhs
Annual Milestone Rewards
Earn up to 50,000 Bonus Reward Points annually: 10,000 points at ₹3 Lakh and ₹4 Lakh spends; 15,000 points at ₹5 Lakh and ₹8 Lakh spends.
Additional Features
Free Movie Tickets
Free movie tickets worth ₹6,000 per year (max ₹500 per month for 2 tickets at BookMyShow).
Concierge Service
Dedicated assistance on flower delivery, gift delivery and online doctor consultations.
Mastercard variant features
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. Enjoy up to 15% discount on the best available room rates and up to 15% discount on F&B at Lalit Hotels
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹4,999 |
| Annual / Renewal Fee | ₹4,999 |
| Fee Waiver Threshold | Spend ₹10,00,000 annually |
| Forex Markup | 1.99% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Age between 18-70 years
Income
Must have a steady, verifiable income.
Ready to apply for Elite?
Annual fee: ₹4,999 · Waived on ₹10,00,000 spend
Frequently Asked Questions
Annual fee
₹4,999
0.5% – 3% yield