Priority Pass
State Bank of India
SBI Card Miles Elite
The SBI Card Miles Elite is the highest-tier variant among the three non-co-branded travel credit cards issued by SBI Card, carrying an annual fee of Rs. 4,999.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 14 June 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%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The SBI Card Miles Elite is the highest-tier variant among the three non-co-branded travel credit cards issued by SBI Card, carrying an annual fee of Rs. 4,999. It is designed specifically to reward frequent travelers by offering Travel Credits on card purchases, with accelerated earning rates on travel bookings and a versatile point-to-mile redemption system that is not restricted to any single airline or hotel chain.
What We Like
We highly appreciate the card's accelerated travel rewards and its highly flexible point-to-mile redemption ratio of up to 1:1 with numerous partner programs. Additionally, the inclusion of robust travel insurance covers, such as flight cancellation benefits, combined with a lower forex markup of 1.99% makes it a highly practical companion for international trips.
Pros
- ✓Earn accelerated rewards on travel-related transactions
- ✓Enjoy up to a 1:1 point-to-mile conversion ratio when redeeming rewards with airline and hotel partners
- ✓Access complimentary domestic and international airport lounges without any minimum spending requirements
- ✓Pay a comparatively lower foreign exchange transaction fee of 1.99%
Cons
- ✗Complimentary Priority Pass membership is only provided for the first two years of holding the card
- ✗The baseline reward accumulation rate is lower compared to other travel cards in the market
Get This Card If
- ✓You are looking for a travel card without any specific brand associations
- ✓You are a frequent traveller and a high-spender
- ✓You want a card with accelerated rewards on travel and a good point-to-mile conversion ratio
- ✓You can maximise your savings by availing the spend-based milestone benefits and using your reward points for travel bookings
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% | — |
Total earning cap: 15,000 reward_points per month across all categories. Earning stops once this limit is reached, regardless of per-category caps shown above.
* Category caps shown are based on publicly available card terms. Banks frequently revise caps and rates without notice — always verify current limits directly with the issuer before applying.
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 SBI Card Miles Elite?
Annual fee: ₹4,999 · Waived on ₹15,00,000 spend
Frequently Asked Questions
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Annual fee
₹4,999
1% – 3% yield