SBI Card ELITE
Privileges that are designed for the Elite
Annual Fee
₹4,999
Base Rewards
0.5%
Forex Fee
3.5%
Expert Verdict
The SBI Card ELITE remains a strong contender in the premium lifestyle segment, primarily driven by its movie benefits and low forex markup. While its base reward rate is modest, the milestone bonuses and joining voucher provide substantial value to high-volume spenders.
Quick Match
Is this card right for you?
Consider other options
Your Estimated Value
Year 1
+₹3,001
Includes ₹5,000 bonus
Year 2+
₹1,999
Why get this card
Complimentary e-gift voucher worth 5,000 INR on joining, effectively nullifying the first-year fee.
Free movie tickets worth 6,000 INR annually (500 INR monthly) via BookMyShow.
Industry-leading low foreign currency markup fee of 1.99%.
High milestone rewards offering up to 50,000 bonus points worth 12,500 INR.
+1 more benefits
- 5X reward points on everyday categories like Dining, Groceries, and Departmental stores.
Watch out for
Base reward rate is low at 0.5% for all other retail spends.
High annual spend of 10 Lakhs required for fee waiver.
Previous travel benefits like Club Vistara and Trident memberships have been discontinued.
+1 more considerations
- High interest rate of 42% per annum.
Who is this card for?
Best for
movie enthusiasts
Users who book movie tickets monthly can recover a significant portion of the annual fee through BookMyShow credits.
Min: ₹20,000/mo
international travelers
Frequent international spenders benefit from the reduced 1.99% forex markup fee.
Min: ₹50,000/mo
Skip if you're
low spenders
The high annual fee and low base reward rate make this card inefficient for users spending less than 3-4 Lakhs annually.
cashback seekers
Users looking for direct cashback on all online spends would find the SBI Cashback card more rewarding.
Base Earning
2 Reward Points
per ₹100 spent
0.5%
effective rate
Point value: ₹0.25/point
Bonus Categories
DINING
5×
2.5% return
GROCERY
5×
2.5% return
SHOPPING
5×
2.5% return
INTERNATIONAL
1×
0.5% return
Welcome Offer
Choose e-gift vouchers from Yatra, Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, or Shoppers Stop.
₹5,000
value
within 30 days
Milestones
Spend ₹3.0L
Earn 10,000 Bonus Reward Points on achieving annual spends of 3 Lakhs.
Spend ₹4.0L
Earn an additional 10,000 Bonus Reward Points on achieving annual spends of 4 Lakhs.
Spend ₹5.0L
Earn an additional 15,000 Bonus Reward Points on achieving annual spends of 5 Lakhs.
Spend ₹8.0L
Earn an additional 15,000 Bonus Reward Points on achieving annual spends of 8 Lakhs.
No rewards on:
Fuel, rent payments, utility bills, government payments, wallet loads, insurance premiums, EMI transactions
Upgrade Path
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