SBI MILES ELITE Credit Card benefits
- Benefit3
Travel Credits per ₹100 on travel spends and 1 per ₹100 on other spends
up to 15,000 Travel Credits a month
- Rewards1
Travel Credit can become 1 airline mile or hotel point, or ₹0.50 on travel bookings
- LoungeUp to 15
domestic lounge visits a year, one for every ₹1 lakh spent
- Lounge6
complimentary Priority Pass lounge visits outside India a year
Good to know
- Joining and renewal fee of ₹4,999 before GST, with renewal waived at ₹15 lakh yearly spend
- Forex markup of 1.99% before GST
SBI MILES ELITE Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| TravelSBI Card gives Travel Credits per ₹200 spent: 6 on travel spends and 2 on other spends. Travel means airlines, railways, hotels, taxis, car rental and similar merchants. | 3 miles per ₹100 | None |
| Everything else | 1 miles per ₹100 | 15,000 |
We value one mile at ₹0.5 in the usual redemption.
No rewards on: Fuel, wallet loads, rent and property management, school and education, utility bills, insurance, quasi cash, balance transfers, cash advances, Flexipay and merchant EMI.
All reward rules
- Rates are Travel Credits per ₹100. SBI Card states them per ₹200, so the figures here are half of the card's wording.
- SBI Card values 1 Travel Credit at ₹0.50 for travel bookings and ₹0.25 in the Shop and Smile catalogue. Credits can also move to airline miles or hotel points at ratios that differ by partner, for example 1:1 for Air India and 2:1 for Emirates. We use ₹0.50.
- The MILES ELITE terms cap Travel Credits at 15,000 a calendar month. After that, spends in the statement month earn no Travel Credits.
- Travel Credits expire 24 months after they are earned. Only the primary cardholder can redeem them, in multiples of 2,000.
- SBI Card's terms mention a welcome offer of Travel Credits for reaching a spend target, but the documents we read do not give the amount, so it is not shown.
What the SBI MILES ELITE Credit Card gives back in a year
Say you spend ₹1,25,000 a month. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹12,500 | 0.5% | ₹750 |
| Dining and food delivery | ₹16,700 | 0.5% | ₹1,002 |
| Online shopping | ₹12,500 | 0.5% | ₹750 |
| Travel | ₹58,300 | 1.5% | ₹10,494 |
| Fuel | ₹4,200 | 0% | ₹0 |
| Bills and utilities | ₹8,300 | 0% | ₹0 |
| Everything else | ₹12,500 | 0.5% | ₹750 |
| Total | ₹1,25,000 | ₹13,746 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹13,746* |
SBI MILES ELITE Credit Card annual fee and charges
- Joining fee
- ₹4,999
- Annual fee
- ₹4,999
- Fee waiver
- ₹15,00,000 a year
- Foreign currency markup
- 1.99%
The renewal fee is waived if you spend ₹15 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: 1% waiver on fuel transactions from ₹500 to ₹3,000, up to ₹500 per statement cycle.
SBI MILES 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 MILES ELITE Credit Card lounge access
15 domestic and 6 international visits a year. Banks often set a spend condition, so read the reward rules above.
SBI Card's terms give complimentary Priority Pass lounge visits in India as spend-based vouchers: one visit for every ₹1 lakh spent, up to 15 visits in a membership year. It also gives 6 complimentary Priority Pass visits outside India a year. Visits beyond the free ones cost up to USD 27 plus tax. Only the primary cardholder gets the benefit, and lounge entry needs a same-day air ticket.
Is the SBI MILES ELITE Credit Card right for you?
A card with a ₹4,999 fee that spending can waive, paying 1.5% on travel and a below-average 0.5% elsewhere.
Worth its fee if you spend about ₹54,000 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 travel: the card pays 1.5% back there, against 0.5% on most other spends.
- You spend ₹15,00,000 a year or more (about ₹1,25,000 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 15 domestic and 6 international airport lounge visits a year.
Not for you if
- You spend less than about ₹1,25,000 a month: you would pay ₹5,899 a year with GST.
- Much of your spending is on bills and utilities: this earns no rewards.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to SBI MILES 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 MILES ELITE Credit Card | ₹4,999 | 1.5% | -₹4,099* |
| HSBC Premier Credit Card | Free | 3% | ₹9,720* |
| BOBCARD ETERNA Credit Card | ₹2,499 | 3.75% | ₹7,470* |
If most of your spending looks like the example above, the HSBC Premier Credit Card may suit you better: it would leave you ₹43,488 a year, against ₹13,746 with the SBI MILES 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 MILES 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 ₹15 lakh or more in the previous year.
Is the SBI MILES ELITE Credit Card lifetime free?
No. It has a ₹4,999 joining fee and a ₹4,999 renewal fee. You can avoid the renewal fee only by spending ₹15 lakh or more in the previous year.
How many Travel Credits does the SBI MILES ELITE Credit Card give?
You get 6 Travel Credits for every ₹200 on travel spends and 2 for every ₹200 on other spends. That is 3 and 1 per ₹100. The monthly limit is 15,000 Travel Credits. Fuel, rent, utility bills, education and insurance earn none.
What is the foreign currency markup on the SBI MILES ELITE Credit Card?
The foreign currency transaction fee is 1.99% of the amount, before GST.
Does the SBI MILES ELITE Credit Card give lounge access?
You get one domestic lounge visit for every ₹1 lakh you spend, up to 15 visits in a membership year. You also get 6 complimentary Priority Pass visits outside India a year.
Who can apply for the SBI MILES 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.