SBI Card ELITE

5X rewards on dining, departmental stores & grocery. 8 domestic + 6 international lounge visits. 1.99% lowest forex markup. — Best for premium · lounge-access · dining.

SBI Card ELITE is a premium lifestyle card from SBI Card with industry-leading 5X reward points on dining, departmental stores and grocery, complimentary domestic and international airport lounge access (including a Priority Pass membership worth $99), the lowest 1.99% forex markup in SBI's premium-card family, and milestone bonuses of up to 50,000 bonus Reward Points (worth ₹12,500) every year. The ₹4,999 annual fee (plus GST) is fully waived on ₹10L annual spends.

SBI Card ELITE is issued by SBI Card on the Visa network, which sets the global acceptance and the contactless / tokenisation experience. Annual fee: ₹4,999 (joining fee ₹4,999). Fee waivers may apply — check the Fees section below for the exact conditions. The card is positioned for premium, lounge-access, dining; the rest of this page breaks down what that means in practice.

SBI Card ELITE charges the fees listed below. Annual and joining fees are set by SBI Card and may change at renewal — always check the bank's most recent fee schedule before you apply. - Joining fee: ₹4,999 - Annual fee: ₹4,999 - joining fee: ₹4,999 - annual fee: ₹4,999 (waivable) - Waived on annual spends of ₹10,00,000 or more in the preceding year - forex markup fee: ₹1.99 - % + GST (Lowest Forex Markup — explicitly published on the product page) - late payment fee: ₹950 - fuel surcharge: ₹1 (waivable) - 1% surcharge waived on fuel between ₹500 and ₹3

For most applicants the only fee that matters day-to-day is the annual fee; the others (foreign-currency markup, late-payment charges, cash-advance fees) only apply if you trigger them. If you are comparing SBI Card ELITE against another card on cost alone, the cleanest comparison is {joiningFee ?? "joining fee"} joining + ₹4,999/yr vs. the equivalent on the alternative.

SBI Card ELITE earns 5 Reward Points per ₹100 on dining, departmental stores and grocery; 2 Reward Points per ₹100 on all other retail spends; 1 Reward Point = Re. 0.25 on eligible spends.

Reward rates by category:

- all: 5.00 Reward Points per Rs 1 spent - Milestone bonus: Up to 50,000 Bonus Reward Points worth ₹12,500 per year; 10,000 bonus RPs at ₹3L and ₹4L annual spends; 15,000 bonus RPs at ₹5L and ₹8L annual spends; complimentary 1-year Club ITC Silver Tier Membership on first transaction within 60 days; complimentary annual Taj InnerCircle membership on annual spends ≥ ₹5L (per existing catalog value, not currently on marketing page) - Reward Points per ₹100 on dining, departmental stores and grocery spends; 2 Reward Points per ₹100 on all other retail spends (except fuel); 2 Reward Points per ₹100 on international transactions — cap_monthly: Cap not explicitly published on the marketing page (likely no accelerated cap on Elite); 4 RPs = ₹1 redemption — redemption_value: Reward Point = 0.25 (4 Reward Points = Re. 1); can pay outstanding card bill with Reward Points - dining: 2.00 Reward Points per Rs 1 spent - travel: 2.00 Reward Points per Rs 1 spent

How to think about value: Indian credit-card reward points are worth between ₹0.20 and ₹1.00 each depending on how you redeem (cashback is straightforward; transfer partners and milestone redemptions can pay more). The headline rate on SBI Card ELITE reads high because the bank quotes point-accumulation, not rupee value — multiply by your typical monthly spend and the redemption rate you'd actually use to get a real-world figure.

The Rewards tab below carries the full per-category breakdown with monthly caps, milestone bonuses, and any accelerated-spend windows (festivals, weekend spends, travel categories).

Beyond the headline reward rate, SBI Card ELITE includes the lifestyle, travel, and insurance benefits listed below. These are the perks that decide which card stays in your wallet for year three, not just year one.

Headline benefits:

- Domestic lounge access - 2 complimentary domestic airport lounge visits per quarter (8 per year) - International lounge access - 6 complimentary international Priority Pass lounge visits per calendar year (max. 2 per quarter); Priority Pass membership worth $99 complimentary

Insurance and consumer protection: most Visa cards issued by Indian banks come with at least purchase-protection and zero-liability-on-fraud cover; the precise cover levels, claim procedures, and exclusions are spelled out in the card's most-favored-nations (MFN) booklet — request a copy from the bank if you cannot find it online.

Lounge access: if SBI Card ELITE advertises airport-lounge access, the headline number (visits per quarter, domestic vs international) is in the Benefits tab; the access is usually conditional on minimum quarterly spends, which the same tab will list.

SBI Card ELITE targets applicants who are 21-65 years old and earn at least ₹15,00,000 for salaried applicants.

The bank assesses credit-card applications on four factors: your CIBIL score (750+ recommended), your monthly income versus the minimum-income threshold, your employment stability (Salaried / self-employed both qualify for most cards), and your existing relationship with SBI Card — existing customers usually see faster approvals and higher initial credit limits.

Credit score note: Excellent credit score Eligible professions include: All.

If your profile is on the borderline, applying through the bank's existing-customer portal (salary account + this card) usually gives 1.5-2x the approval odds versus a cold application. The bank's pre-qualified offer (when available) skips the hard pull entirely.

When you apply for SBI Card ELITE, SBI Card will ask for the documents listed below. Existing customers with a current salary account typically see a reduced list — the bank already has your KYC on file and only re-asks for income proof if your salary has changed materially in the last 12 months.

Documents you will need:

- pan card — required - aadhaar card — required - salary slip — required - address proof — required - passport size photo — required - bank statement — required

All documents can be uploaded digitally via the bank's application portal — there is no need to visit a branch in 2026. Keep scans under 2 MB each (PDF preferred for paperwork, JPG for the photograph) and ensure your name matches your PAN exactly; a mismatch is the single most common cause of application rejection at the document-verification stage.