Premium lifestyle rewards with complimentary lounge access
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Welcome e-Gift Voucher worth ₹5,000 from travel and lifestyle brands
Base earn rate
2 Reward Points per ₹100 on all other spends, except fuel
ELITE Rewards
Excludes: Fuel
Redemption value
Domestic
8visits / year
International
Priority Pass6complimentary visits
Late payment
| Outstanding amount | Late fee |
|---|---|
| ₹0 – ₹100 | Nil |
| ₹100 – ₹500 | ₹100 |
| ₹500 – ₹1,000 | ₹500 |
| ₹1,000 – ₹10,000 | ₹750 |
| ₹10,000 – ₹25,000 | ₹950 |
| ₹25,000 – ₹50,000 | ₹1,100 |
| Above ₹50,000 | ₹1,300 |
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
Additional features
No rewards on
Fuel
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.
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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State Bank of India is no longer accepting applications for this card.
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