What is Annual Fee and Renewal Fee of the card?

The Annual Fee of the card is Rs. 4,999 + taxes. The Renewal Fee is Rs. 4,999 + taxes from second year onwards.

Can I use my card internationally?

Yes, you can use your SBI Card ELITE in over 24 million outlets across the globe, including 3,25,000 outlets in India. You can withdraw cash from over 1 million Visa or Mastercard or American Express ATMs across the globe.

How can I apply for the card?

You can apply for an SBI Credit Card through our Website sbicard.com or via our Chatbot ILA. Alternatively, you can call SBI Card Helpline 39 02 02 02 (prefix your city STD code) or visit the nearest SBI branch.

Credit Cards

State Bank of IndiaVISA

SBI Card ELITE

LifestylePremiumVisaMastercardAmerican Express

SBI Card ELITE

Premium rewards with annual fee waiver at ₹10L spend

Annual fee₹4,999Waived on ₹10.0L spend

Rewards2.00%2 Reward Point per ₹100

Forex markup2.0%Lowest foreign currency mark-up charge of 1.99% on international usage

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Independent comparison platform. Not affiliated with State Bank of India. Full disclaimer

Welcome benefits

worth ₹5,000

Welcome e-Gift Voucher worth ₹5,000

Type: 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

Category	Rate	Cap
Dining	—	—
Departmental Stores	—	—
Grocery	—	—
International	—	—

• 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

Up to 50,000 Bonus Reward Points worth Rs. 12,500 every year. 10,000 Bonus Reward Points on annual spends of Rs. 3 lakhs and 4 lakhs. 15,000 Bonus Reward Points on annual spends of Rs. 5 lakhs and 8 lakhs. Spend based reversal of Annual Fee on spends of Rs. 10 lakhs

Lounge access

Domestic

8visits / year

Max 2 per quarter

DreamFolks lounge programme →

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
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 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

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

Indian resident, age 21–65, salaried with ₹60,000+/month or self-employed with stable income. Good credit history (CIBIL 750+ recommended).

Features

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

Additional features

Easy Bill Pay Facility - Pay your electricity, telephone, mobile and other utility bills
Cash Access Across the World - Withdraw cash from over 1 million Visa, Mastercard, and American Express ATMs across the globe
Global Acceptance - Accepted in over 24 million outlets globally, including 3,25,000 in India

No rewards on

Fuel

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Dining — 2.5% back

0% of spend100% of spend

Groceries — 2.5% back

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 — Choose one e-gift voucher worth Rs.5,000 (Marks and Spencer / Shoppers Stop / Westside / Yatra.com / Hush Puppies); brochure states no additional spend condition

Based on published rates as of 2026-08-07; assumes 4 Reward Points = Rs.1, per issuer E-Brochure; redeemable against gift vouchers/products via Reward Catalogue. Rewards estimates, not guarantees.