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LifestylePremiumVisaRuPay✦ Bank of Maharashtra

Bank of Maharashtra SBI Card ELITE

Premium lifestyle rewards with complimentary lounge access

Annual fee₹4,999Waived on ₹10.0L spend
Rewards0.50%Assumes 1 Reward Point = Rs. 0.25 via statement-credit redemption (issuer states '4 Reward Points = Rs. 1'); accelerated 10-point categories capped at 10,000 RP/calendar month, after which base 2 RP/Rs.100 applies.
Forex markup2.0%Lowest foreign currency mark-up charge of 1.99% on international usage
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Welcome benefits

worth ₹5,000

Welcome e-Gift Voucher worth ₹5,000 from travel and lifestyle brands

Type
E-Gift Voucher
Partner
Yatra, Hush Puppies / Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop

Rewards

Base earn rate

2 Reward Points per ₹100 on all other spends, except fuel

ELITE Rewards

Excludes: Fuel

CategoryDetails
5X Reward Points on dining, departmental stores and grocery spends
Earn 2 Reward Points on every Rs. 100 spent on international transactions

Redemption options

Bill payment:₹0.25 per point
  • • Reward Points are valid for a period of 24 months (for all cards except AURUM). For AURUM, Reward Points never expire.
  • • Redemption fee: ₹99

Milestone benefits

  • Get 10,000 Bonus Reward Points on reaching Rs. 3 lakh annual spends
  • Get 10,000 Bonus Reward Points on reaching Rs. 4 lakh annual spends
  • Get 15,000 Bonus Reward Points on reaching Rs. 5 lakh annual spends
  • Get 15,000 Bonus Reward Points on reaching Rs. 8 lakh annual spends
  • Annual fee reversal on annual spends of Rs. 10 lakh

Lounge access

Domestic

8visits / year

  • Max 2 per quarter

International

Priority Pass

6complimentary visits

  • Membership value USD 99
Priority Pass lounge programme →

Fees & charges

Joining fee
₹4,999 + taxes
Annual / renewal fee
₹4,999 + taxes from second year onwards
Annual fee waiver
Spend based reversal of Annual Fee on spends of ₹10 lakhs
Add-on card fee
Nil
Interest rate
Finance Charges: 3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards. Minimum Finance Charges ₹25
Interest-free period
50 days
Cash advance fee
2.5% of transaction amount (subject to a minimum of ₹500)
Overlimit fee
2.5% of the overlimit amount that exceeds the credit limit or ₹600, whichever is higher, will be levied. Overlimit Fee will be levied only once per billing cycle.
Payment dishonour
In case of a Payment Dishonor, cardholder will be charged payment dishonor fee of 2% of Payment Amount subject to minimum charges of ₹500
Forex markup
Lowest foreign currency mark-up charge of 1.99% on international usage
DCC markup
1.99%
Reward redemption
₹99 per redemption
Fuel surcharge
1% waiver, on ₹500–₹4000 txns, max ₹250/cycle

Late payment

Outstanding amountLate fee
₹0 – ₹100₹0
₹101 – ₹500₹100
₹501 – ₹1,000₹500
₹1,001 – ₹10,000₹750
₹10,001 – ₹25,000₹950
₹25,001 – ₹50,000₹1,100
Above ₹50,001₹1,300
View official MITC →

Insurance covers

Fraud liability

₹1L

Complimentary credit card fraud liability cover of Rs. 1 lakh. Coverage applies from 48 hours before reporting the loss up to 7 days after reporting

Eligibility

Age
18+ years

Features

✓ Contactless✓ Chip & PIN✓ International usage✓ Concierge service

Additional features

  • Easy Bill Pay Facility - Pay your electricity, telephone, mobile and other utility bills
  • Flexipay - Convert eligible purchases into easy monthly EMIs

No rewards on

Fuel

Is this card worth it for you?

₹10,000₹5,00,000
0% of spend100% of spend
0% of spend100% of spend

Remaining 65% of spend earns the 0.5% base rate.

Rewards / year

₹7,200

≈ 1.20% effective

Annual fee

₹4,999

waives at ₹10,00,000/yr

Net steady-state return

+₹2,201/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹2,201 a year.

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One-time joining fee (year 1 only): ₹4,999

One-time welcome benefit: ~₹5,000 — Welcome e-Gift Voucher worth Rs. 5,000 available after paying the membership/annual fee for the eligible year; chosen in multiples of Rs. 1000 from Gyftr brand options; redeem within 6 months.

Based on published rates as of 2026-08-07; assumes 1 Reward Point = Rs. 0.25 via statement-credit redemption (issuer states '4 Reward Points = Rs. 1'); accelerated 10-point categories capped at 10,000 RP/calendar month, after which base 2 RP/Rs.100 applies.. Rewards estimates, not guarantees.

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