SBI ELITE Credit Card benefits
- Rewards10
reward points per ₹100 on dining, groceries and department stores
up to 10,000 points a month
- Rewards2
reward points per ₹100 on all other spends; 4 points equal ₹1
- RewardsUp to 50,000
bonus reward points a year on yearly spends of ₹3 lakh to ₹8 lakh
Good to know
- Welcome e-gift voucher worth ₹5,000 after paying the joining fee
- Joining and renewal fee of ₹4,999 before GST, with renewal waived at ₹10 lakh yearly spend
- Forex markup of 1.99% before GST
SBI ELITE Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| GroceriesGrocery and department stores. SBI Card calls this 5X points. The 10,000 point monthly limit is shared with dining. Metro Cash & Carry, Flipkart Wholesale and Walmart do not earn this rate. | 10 points per ₹100 | 10,000 |
| Dining and food deliveryDining. SBI Card calls this 5X points. The 10,000 point monthly limit is shared with groceries and department stores. | 10 points per ₹100 | 10,000 |
| Everything else | 2 points per ₹100 | None |
We value one point at ₹0.25 in the usual redemption.
No rewards on: Fuel and other petrol pump purchases, wallet loads, balance transfers, cash advances, Flexipay and merchant EMI. Rent payments and government payments also earn no points on many SBI cards, so please check with SBI Card.
All reward rules
- 4 reward points give ₹1, so 1 point is worth ₹0.25. SBI Card charges a ₹99 fee plus tax on each reward redemption request for a product or statement credit.
- SBI Card's Cardholder Agreement says ELITE earns 2 points per ₹100 on everyday spends. After the 10,000 point monthly limit, grocery, department store and dining spends also earn 2 points per ₹100.
- Bonus reward points on yearly spends: 10,000 points at ₹3 lakh and at ₹4 lakh, and 15,000 points at ₹5 lakh and at ₹8 lakh, up to 50,000 points a year. These are not counted in the maths. An older terms booklet shows a different table, so please check with SBI Card.
- New cardholders get a welcome e-gift voucher worth ₹5,000 after paying the joining fee. SBI Card lists Bata or Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com as choices.
- 2 complimentary movie tickets a month on BookMyShow, with a discount of up to ₹500 a month. Convenience fee is extra.
- Many SBI cards stopped rewards on rent from 2023 and 2024, and on digital gaming and government payments in 2024. The ELITE card is not named in the notices we read, but we could not see the full card lists.
What the SBI ELITE Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “food and groceries” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹10,000 | 2.5% | ₹3,000 |
| Dining and food delivery | ₹9,000 | 2.5% | ₹2,700 |
| Online shopping | ₹3,000 | 0.5% | ₹180 |
| Travel | ₹1,000 | 0.5% | ₹60 |
| Fuel | ₹2,000 | 0% | ₹0 |
| Bills and utilities | ₹3,000 | 0.5% | ₹180 |
| Everything else | ₹2,000 | 0.5% | ₹120 |
| Total | ₹30,000 | ₹6,240 | |
| Renewal fee with GST | −₹5,899 | ||
| You keep | ₹341* |
Spend ₹6,40,000 more in the year and the renewal fee is waived.
SBI ELITE Credit Card annual fee and charges
- Joining fee
- ₹4,999
- Annual fee
- ₹4,999
- Fee waiver
- ₹10,00,000 a year
- Foreign currency markup
- 1.99%
The renewal fee is waived if you spend ₹10 lakh or more in the previous year. Fees are before GST. From 1 December 2026, SBI Card charges a 1% fee on total fuel spends if fuel transactions in a billing cycle exceed ₹50,000.
Fuel surcharge: SBI Card's older terms booklet gives a 2.5% waiver on fuel transactions from ₹500 to ₹4,000, up to ₹250 per statement cycle. SBI Card's current MITC says fuel surcharge waiver terms differ by card, so please check with SBI Card.
SBI ELITE Credit Card eligibility
- Age
- 21 to 70
SBI Card's issuance policy sets 21 to 65 years for salaried people and 25 to 70 years for self-employed people. Exceptions need internal approval. The documents we checked give no minimum income for this card.
The bank alone decides approval and your credit limit.
SBI ELITE Credit Card lounge access
8 domestic and 6 international visits a year. Banks often set a spend condition, so read the reward rules above.
SBI Card's card page says 2 complimentary domestic visits every quarter and 6 international Priority Pass visits a year, with at most 2 a quarter. This card is not on SBI Card's domestic lounge list from January 2026, and SBI Card says lounge benefits for other cards did not change. The visit counts come from an undated SBI Card page, so please check with SBI Card. Priority Pass visits beyond the free ones cost up to USD 27 plus tax.
Is the SBI ELITE Credit Card right for you?
A card with a ₹4,999 fee that spending can waive, paying 2.5% on groceries and a below-average 0.5% elsewhere.
Worth its fee if you spend about ₹29,000 a month or more. Below that, the ₹4,999 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend a lot on groceries: the card pays 2.5% back there, against 0.5% on most other spends.
- You spend ₹10,00,000 a year or more (about ₹83,400 a month), so the ₹4,999 renewal fee is waived.
- You pay in foreign currency, abroad or on foreign websites: the markup is 1.99%, against a typical 3.5% on the cards we list.
- You fly a few times a year: it includes 8 domestic and 6 international airport lounge visits a year.
Not for you if
- You spend less than about ₹83,400 a month: you would pay ₹5,899 a year with GST.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to SBI ELITE Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| SBI ELITE Credit Card | ₹4,999 | 2.5% | -₹2,119* |
| BOBCARD ETERNA Credit Card | ₹2,499 | 3.75% | ₹7,470* |
| IDFC FIRST Wealth Credit Card | Free | 1.25% | ₹1,755* |
If most of your spending looks like the example above, the BOBCARD ETERNA Credit Card may suit you better: it would leave you ₹7,200 a year, against ₹341 with the SBI ELITE Credit Card.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the annual fee of the SBI ELITE Credit Card?
The joining fee is ₹4,999 and the renewal fee is ₹4,999 a year, both before GST. The renewal fee is waived if you spend ₹10 lakh or more in the previous year.
Is the SBI ELITE Credit Card lifetime free?
No. It is a premium card with a ₹4,999 joining fee and a ₹4,999 renewal fee. You can avoid the renewal fee only by spending ₹10 lakh or more in the previous year.
What is the reward limit on the SBI ELITE Credit Card?
You earn 10 points per ₹100 on dining, groceries and department stores, up to 10,000 points a month. After that you earn 2 points per ₹100. Since 4 points equal ₹1, 10,000 points are worth ₹2,500.
What is the foreign currency markup on the SBI ELITE Credit Card?
The foreign currency transaction fee is 1.99% of the amount, before GST.
Does the SBI ELITE Credit Card give lounge access?
SBI Card's card page lists 2 domestic lounge visits every quarter and 6 international Priority Pass visits a year. The page has no date, so please confirm the current benefit with SBI Card.
Who can apply for the SBI ELITE Credit Card?
SBI Card's policy sets an age of 21 to 65 years for salaried people and 25 to 70 years for self-employed people. The documents we checked do not give a minimum income for this card.