State Bank of IndiaVISA

SBI Card ELITE

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SBI Card ELITE

Premium rewards with annual fee waiver at ₹10L spend

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

Rewards0.50%Assumes 4 Reward Points = Rs.1, per issuer E-Brochure; redeemable against gift vouchers/products via Reward Catalogue

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

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	₹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

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.