Priority Pass
State Bank of India
Miles Elite
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 30 May 2026.
At a Glance
Annual Fee
₹4,999
Joining Fee
₹4,999
Fee Waiver
Spend ₹15,00,000 annually
Lounge Access
See details
Forex Markup
1.99%
Effective Yield
1% – 3%
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Travel Spends (Flights/Hotels) | 6 Travel Credits (TC) per ₹200 | 3.00% | No Upper Cap |
| All Other Retail Spends | 2 TC per ₹200 | 1.00% | No Upper Cap |
| Excluded Categories | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹1 Lakh | Lounge Access | 1 Extra Domestic Visit | For every ₹1 Lakh spent, you get 1 extra domestic lounge visit (Capped at 15 extra/year). |
| ₹12 Lakh | Bonus Points20,000 pts | ₹20,000 (Mile Value) | 20,000 Bonus Travel Credits awarded. Best used for 1:1 Air Mile transfers. |
| ₹15 Lakh | Fee Waiver | ₹4,999 + GST Savings | Annual fee reversal triggered upon hitting this threshold. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Air Miles / Hotel Points (Transfer) | ₹1.00 per TC1:1 Ratio (Select Partners) | Best Value (Partners: Air India, Air France, IHG, Marriott, etc.) |
| Travel Bookings (SBI Portal) | ₹0.50 per TC2:1 Ratio | Moderate (Convenient but cuts point value by half) |
| Shop & Smile (Catalogue) | ₹0.25 per TC4:1 Ratio | Avoid (Poor value compared to travel transfers) |
What You Need to Know
Quarterly Lounge Cap
Complimentary visits (8 Domestic/6 International) are capped at 2 per quarter.
Impact: Users cannot 'dump' all visits in one trip; milestone-earned visits are more flexible.
Priority Pass Expiry
The complimentary Priority Pass membership is valid for only the first 2 years.
Impact: From Year 3, a usage fee of $27+ applies unless SBI renews the offer.
Air Accident Insurance Removal
Complimentary ₹1 Crore Air Accident cover discontinued as of July 2025.
Impact: Users should ensure they have separate travel insurance for high-risk coverage.
Utility Fee Threshold
1% fee applies on utility spends above ₹50,000 in a billing cycle.
Impact: Reduces the effective return if using this card for large commercial electricity bills.
Essential Fine Print
Reward Exclusions
Excluded Categories (No Miles): Fuel, Rent payments, Insurance, Utility, Wallet loads, Cash advances, and Flexipay/EMI transactions.
Welcome Offer
Welcome Travel Miles
Welcome Benefit of 5,000 Travel Credits on spends of Rs. 1 lakh within 60 days of card issuance.
Lounge Access
Priority PassDomestic Lounge Access
8 complimentary domestic airport lounge visits per year (capped at 2 per quarter).
International Lounge Access
6 complimentary international airport lounge visits per year via the Priority Pass program (capped at 2 per quarter).
Travel Benefits
Miles Conversion
Convert Travel Miles into Air Miles or Hotel Points with 20+ partner brands.
Air Accident Cover
Complimentary air accident insurance cover of up to ₹1 Crore.
Milestone Benefits
Spend Milestone ₹12 Lakhs
Earn 20,000 bonus Travel Miles on reaching annual spends of ₹12 Lakhs.
Additional Lounge Visits
Additional Domestic Lounge visit with every spend of ₹1 lakh, capped at 15 per year.
Annual Fee Waiver
On spends of ₹15 Lakhs in a membership year.
Additional Features
Low Forex Markup
Reduced foreign currency markup of 1.99% for international transactions.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹4,999 |
| Annual / Renewal Fee | ₹4,999 |
| Fee Waiver Threshold | Spend ₹15,00,000 annually |
| Forex Markup | 1.99% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Age between 21-70 years
Employment
Must have a steady, verifiable income.
Ready to apply for Miles Elite?
Annual fee: ₹4,999 · Waived on ₹15,00,000 spend
Annual fee
₹4,999
1% – 3% yield