SBI Elite Credit Card: Features, Benefits, Fees & Charges

SBI Elite Credit Card: Features, Benefits, Fees & Charges

If you are also a customer of SBI, then you will also know that SBI does not disappoint its customers. SBI Elite Credit Card is an all-rounder premium credit card with benefits in travel, shopping, movies, and other different categories. This credit card offers many benefits to its users. This card also offers complimentary membership to the customers for Club Vistara and the Priority Pass program. 

SBI Bank is the best bank in India to date and all the credit cards of SBI Bank that have come in the market have proved to be very beneficial for the people. All the people who have used the SBI Bank Credit Card have received very good cashback and rewards points till now.

In today’s article, we are going to talk about the best credit card from SBI Bank, its name is the SBI Elite Credit Card and in today’s article, we will learn about the benefits of the credit card along with this, I will also tell you how you can order this credit card for yourself sitting at home. You will also know about this, so read this article till the end so that you do not have any problems later.

What is the SBI Elite Credit Card?

SBI Elite Credit Card is an excellent travel and shopping credit card made by SBI Bank. For a good lifestyle, you can choose a SBI Elite Credit Card. In this type of credit card, you are given a lot of cashback and remote access. If you do online shopping with this credit card or use it for expenses like dining, movies, and travel booking, then you also get cashback on it and some reward points are also given.

In SBI Elite Credit Card, you will get different types of benefits and inside it you will also get advance rewards and offers, due to which you can take advantage of this credit card in an even better way.

How is the design of the SBI Elite Credit Card?

The SBI Elite Credit Card boasts a sleek premium design that screams its upmarket status. Generally, this card has dark tones, with a coloration of either black or a deep, dark blue with a glossy effect. The overall design of the card is simple, yet elegant enough, and it can have the logo of SBI plus the word “Elite.”.

It can also be installed with a chip for extra security and a contactless payment symbol for convenience. Overall, the appearance is sleek and fashionable, to suit the preference of people who not only need a great card but also something that looks great.

What are the benefits of the SBI Elite Credit Card?

Here are some of the benefits explained in simple terms:

1. Welcome Gift

  • When you get the card, a gift voucher worth ₹5,000 is credited to your account, together with popular brands including Yatra, Hush Puppies, Pantaloons, and many more.

2. Reward Points

  • You receive 2 reward points for spending ₹100 on regular purchases.
  • 10 reward points are given for every ₹100 spent on dining, movies, and international spending.

3. Complimentary Airport Lounge Access

  • You receive up to 6 complimentary visits per year to international airports and 2 complimentary visits every quarter to domestic airports in India.

4. Cinema ticket discounts

  • You can earn up to ₹6,000 in savings per year on Buy 1 Get 1 free movie tickets through BookMyShow, limited at ₹250 per transaction, twice a month.

5. Milestone Benefits

  • Spend ₹3 lakh in a calendar year and earn 10,000 reward points.
  • If you spend ₹5 lakh in a year, you get an additional 15,000 reward points.

6. Lifestyle Benefits

  • Free membership to Club Vistara Silver tier, with free flight upgrades, among other privileges.
  • Golf offers: complimentary rounds at some courses.

7. Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, which would save up to ₹250 per month.

8. Insurance Coverage

Lost cards, fraud liability, and air accident insurance are covered under complimentary insurance.

9. Annual Fee Benefits

You may have to pay an annual fee of ₹4,999 but you can earn back the value through rewards, discounts, and complimentary gifts easily.

What are the fees for the SBI Elite Credit Card?

Here is a simple breakup of the  SBI Elite Credit Card fees.

Joining Fee₹4,999 + GST (one-time fee when you get the card).
Annual Fee₹4,999 = GST per year. This will be waived if you spend ₹10,00,000 or more in a year.
Add-on Card FeeNo charges for additional cards for family members.
Finance Charges3.50% per month (42% annually) on the outstanding balance if you don’t pay your bill in full.
Cash Advance Fee2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment FeeFor Statement Balance
From Rs.0 to Rs.500 – NilMore than Rs.500 up to Rs.1,000 – Rs.400More than Rs.1,000 up to Rs.10,000 – Rs.750More than Rs.10,000 up to Rs.25,000 – Rs.950More than Rs.25,000 up to Rs.50,000 – Rs.1,100More than Rs.50,000 – Rs.1,300.

What are the criteria for getting an SBI Elite Credit Card?

The following are the primary requirements:

  1. To apply for the  SBI Elite Credit Card, you must be between 18 and 70 years old. This way, applicants will either be young enough to begin building a credit history or mature enough to have an established financial background.
  1. The income requirement differs according to your employment status:
  • Self-Employed Professionals: A minimum Annual income of Rs.10 lakhs usually does the job.
  1. A secured income ensures regular timely payments on the credit card bill. Any amount above it ensures that it increases the approval probability.
  1. Your credit score plays a role in the selection process. It is a tendency for SBI Bank to favor borrowers with a better credit score usually above 750. A better credit score generally indicates that the person has an excellent history in managing his finances and is quite reliable as a borrower.
  1. You must be an Indian resident and have valid address proof within the country. In case you are applying from outside India, then you would not be considered eligible for this card unless you are an NRI and fall into other criteria that are required for this type of card.
  1. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.
  1. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get an SBI Elite Credit Card?

The documents that you will have to submit to get an  SBI Elite Credit Card are as below:

Identity ProofAadhaar card, Passport, Voter ID, Driving license, PAN card
Address ProofUtility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income ProofSalary slip for the last 3 months if you are a salaried employeeBank statement for the last 3 monthsITR for self-employed persons
PhotographThe latest passport-sized photograph

Where can the SBI Elite Credit Card be used?

Here is the list of places where you can use it:

  • With the SBI Elite Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.
  • You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.
  • You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.
  • You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.
  • You can use your credit card to pay electricity and water bills, mobile bills, and internet services.
  • You can use your  SBI Elite Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).
  • The  SBI Elite Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the SBI Elite Credit Card?

The credit amount you can spend is what you are provided with an  SBI Elite Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit then penalties get added, and your credit score also goes down.

How do you apply for an SBI Elite Credit Card?

Apply it through both these modes: 

Online Application Process:

  • Visit the official website of the SBI Bank, i.e. 
  • Go to ‘Cards’, followed by ‘Credit Cards’.
  • On that page, you can see numerous options for credit cards issued by SBI Bank; for instance, you can choose the  SBI Elite Credit Card.
  • Just hover your cursor on the  SBI Elite Credit Card, followed by selecting ‘Apply Now’ from there.
  • You will be asked to fill out your details including your name, contact information, income details, and employment status.
  • Be accurate and updated with the information provided.
  • You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.
  • After filling out the details and uploading the documents, review your application to make sure everything is correct.
  • Apply online through the application form.
  • The bank will check your application after submitting it. They can ask for extra documents or information if required.
  • You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process:

  • You can walk into the nearest SBI Bank branch to apply for the  SBI Elite Credit Card.
  • Request for the credit card application form of the  SBI Elite Credit Card. They will provide you with the form and proceed accordingly.
  • Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.
  • Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.
  • Your application will be processed, and your information will be cross-checked at the bank level.
  • In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.
  • You will receive the  SBI Elite Credit Card by post at the same postal address.
  • Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the SBI Bank Card website, or mobile app or by calling their customer service.
  • You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.

Would getting an SBI Elite Credit Card in 2025 be right?

Yes, getting an SBI Elite Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

SBI Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

The SBI Elite Credit Card is an ideal premium credit card for gifting that would offer users the finest quality features for daily expenses, along with travel and entertainment. Some other benefits it avails for a customer are reward points, movie ticket discounts, and free airport lounge entry, among other things.

The annual fee and some other charges are a bit high, but if you use all the benefits of the credit card, it is well worth it. So, if you travel frequently and spend on lifestyle, then the SBI Elite Credit Card can be a good choice for you.

Frequently Asked Questions (FAQ’s)

Que: Are there any joining benefits of the SBI Elite Credit Card?

Ans: Yes, you get a welcome gift of ₹5,000 in the form of vouchers from brands such as Yatra, Hush Puppies, and Pantaloons upon paying the joining fee.

Que: Is airport lounge access complimentary or not?

Ans: Yes, you get 6 free visits per year to international airport lounges and 2 visits per quarter to domestic lounges.

Que: Is there a fuel surcharge waiver on the SBI Elite Credit Card?

Ans: Yes, you get a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, with a maximum waiver of ₹250 per month.

Que: How does the milestone benefit work?

Ans: You earn 10,000 reward points for spending ₹3 lakh in a year and an additional 15,000 reward points for spending ₹5 lakh in a year.

Que: What if I lose my SBI Elite Credit Card?

Ans: In case you lose your card, you are supposed to immediately inform the customer service of the SBI Card. You will be covered with complimentary lost card liability cover in case the loss is reported in time.

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