SBI Card ELITE
Premium Visa

SBI Card ELITE

SBI Card

★★★★☆ 4/5
Apply on Issuer Site →

Opens the issuer’s official application page.

Joining Fee₹4,999
Annual Fee₹4,999
Fee WaiverSpend ₹10L/year
Forex Markup1.99% + GST (surprisingly low for this tier)
Lounge6 domestic lounge visits/year

Welcome Benefit

E-vouchers worth ₹5,000 (BigBasket/Yatra/Pantaloons)

Earn Rates

5X (5 RP/₹100) on dining, department stores, grocery; 2X on all others

Key Highlights

  • Better forex rate than most premium cards
  • Welcome vouchers almost cover the annual fee
  • Points transferable to Vistara, Etihad, Singapore Airlines and more

Milestone Benefits

  • 10,000 bonus RP on ₹3L spend in a year
  • 20,000 bonus RP on ₹10L spend (also triggers waiver)

Lounge Access

6 domestic lounge visits/year; 6 international Priority Pass visits/year

Fuel Surcharge Waiver

1% waiver; max ₹250/month

Best For

  • High dining and grocery spenders
  • Moderate international travellers

Not Great For

  • Those who cannot hit ₹10L waiver target — fee is steep relative to rewards
Ready to apply for the SBI Card ELITE?

Apply directly on the issuer’s official site.

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Verified: Data last verified 17 June 2026. Sources: sbicard.com

Frequently Asked Questions

What is the SBI Elite card reward point value?

1 SBI Reward Point = ₹0.25 for statement credit, or up to ₹0.50 for travel redemptions. Aim to redeem for travel to maximise value.

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