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Side-by-Side Comparison|Updated March 2026

ICICI Bank Rubyx Credit Card against Fixed Deposit vs SBI Card ELITE

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

ICICI Bank

ICICI Bank Rubyx Credit Card against Fixed Deposit

7.2/10
Annual Fee₹2,000
Base Rewards0.25%
NetworkMastercard
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SBI Card

SBI Card ELITE

7.2/10
Annual Fee₹4,999
Base Rewards0.5%
NetworkVisa
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Feature-by-Feature Comparison

FeatureICICI Bank Rubyx Credit Card against Fixed DepositSBI Card ELITE
Annual Fee₹2,000₹4,999
Joining Fee₹3,000₹4,999
Fee Waiver Spend₹3,00,000₹10,00,000
Base Reward Rate0.25%0.5%
Reward CurrencyICICI Bank Reward PointsSBI Reward Points
NetworkMastercardVisa
Editor Rating7.2/107.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

ICICI Bank Rubyx Credit Card against Fixed Deposit

No accelerated rewards listed

SBI Card ELITE

  • 0.62% on Dining
  • 0.62% on Departmental Stores
  • 0.62% on Grocery

Pros & Cons

ICICI Bank Rubyx Credit Card against Fixed Deposit

Pros

  • Welcome vouchers worth ₹5,000+ on payment of joining fee, exceeding the fee cost.
  • 2 complimentary domestic airport lounge visits per quarter (subject to ₹75,000 spend).
  • 25% discount on movie tickets (BookMyShow/Inox) up to ₹150, twice a month.
  • Complimentary golf rounds (up to 2 per month) based on previous month's spends.

Cons

  • High joining fee of ₹3,000 for a secured credit card.
  • No international airport lounge access included.
  • Low base reward rate of 0.50% for domestic spends.

SBI Card ELITE

Pros

  • Complimentary movie tickets worth ₹6,000 annually (₹500 per month).
  • Low foreign currency markup of 1.99% compared to the standard 3.5%.
  • High milestone rewards of up to 50,000 bonus points worth ₹12,500.
  • Comprehensive lounge access with 8 domestic and 6 international visits per year.

Cons

  • High annual fee waiver threshold of ₹10 Lakhs.
  • Base reward rate is relatively low at 0.5% for a premium card.
  • Club Vistara and Trident memberships have been discontinued for new users.

Our Verdict

Both ICICI Bank Rubyx Credit Card against Fixed Deposit and SBI Card ELITE are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.

Choose ICICI Bank Rubyx Credit Card against Fixed Deposit if

Ideal for individuals with no credit history who want a premium lifestyle card without income proof.

Choose SBI Card ELITE if

The monthly ₹500 movie ticket benefit effectively covers the annual fee.

Frequently Asked Questions

Which is better: ICICI Bank Rubyx Credit Card against Fixed Deposit or SBI Card ELITE?
Both ICICI Bank Rubyx Credit Card against Fixed Deposit and SBI Card ELITE are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.
What is the annual fee difference between ICICI Bank Rubyx Credit Card against Fixed Deposit and SBI Card ELITE?
ICICI Bank Rubyx Credit Card against Fixed Deposit has an annual fee of ₹2,000, while SBI Card ELITE has an annual fee of ₹4,999. ICICI Bank Rubyx Credit Card against Fixed Deposit offers a fee waiver on ₹3,00,000 annual spend. SBI Card ELITE offers a fee waiver on ₹10,00,000 annual spend.
Which card has better rewards: ICICI Bank Rubyx Credit Card against Fixed Deposit or SBI Card ELITE?
ICICI Bank Rubyx Credit Card against Fixed Deposit offers a base reward rate of 0.25%. SBI Card ELITE offers 0.5% base rewards with bonuses on Dining and Departmental Stores. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Rubyx Credit Card against Fixed Deposit and SBI Card ELITE?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Rubyx Credit Card against Fixed Deposit and SBI Card ELITE can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Rubyx Credit Card against Fixed Deposit or SBI Card ELITE?
For beginners, ICICI Bank Rubyx Credit Card against Fixed Deposit may be more approachable with a lower annual fee of ₹2,000. However, evaluate based on your expected spending pattern rather than fee alone.

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