SBI Card MILES ELITE by SBI Card

Quick answer

SBI Card MILES ELITE at a glance: The SBI Card MILES ELITE from SBI Card is a premium credit card aimed at everyday spenders, offering 6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹200 on all other spends; Travel Credits convertible to Air Miles / Hotel Points (1 TC = Re. 1) or used for Travel Bookings (1 TC = ₹0.50) rewards and ₹4,999 annual fee (waivable on minimum spend). Eligibility floor: minimum income ₹10,00,000 per annum. Compare it against the SBI Card Tata Neu if you want a lower-fee alternative from the same issuer. See the FAQ below for fees, lounge access, and milestone bonuses.

Key terms

Credit-card jargon made simple

APR: Annual Percentage Rate — the yearly cost of borrowing on a credit card, including interest and most fees, expressed as a percentage. APRs on Indian credit cards generally range from 30% to 48% per annum.
Reward rate: The number of reward points or cashback you earn per rupee spent. Hover over the rate on any card to see the category split — most cards pay a higher rate on accelerated categories (travel, dining, fuel) and a floor rate on everything else.
Fuel surcharge: The 1% (or higher) transaction fee that oil marketing companies charge on fuel purchases. Most credit cards waive this surcharge between ₹400 and ₹5,000 per transaction — the saving is typically credited as a monthly statement credit.
Credit limit: The maximum outstanding balance the issuer will let you carry on the card. The limit is set at issuance based on declared income and credit score, then reviewed every 6–12 months. Keeping utilisation below 30% of the limit is the single biggest factor in credit-score improvements.
EMI: Equated Monthly Instalment — converting a large purchase into fixed monthly payments over 3–24 months. EMI on a credit card carries interest separate from the headline APR; budget apps often treat EMI as a separate liability.
Add-on card: A supplementary card issued against the primary cardholder's account. Spent on the add-on card flows to the primary holder's bill and reward pool; the add-on holder has no independent credit exposure.
Billing cycle: The roughly 30-day window between two consecutive statement dates. Purchases, refunds, and finance-charge calculations all reset at the cycle close. The 'bill generation date' is when the statement is finalised; you usually have 20 days after that to pay without interest.
Welcome benefit: A first-cycle perk the issuer credits after the first transaction or first spend milestone — typically bonus reward points, a cashback credit, or a complimentary lounge visit. Welcome benefits are nearly always conditional on meeting a minimum spend within the welcome window (usually 30–90 days).
Milestone benefit: An annual perk unlocked when total card spend crosses a threshold — e.g. ₹1 lakh spend unlocks a free lounge visit, ₹5 lakh unlocks a higher reward multiplier. The benefits reset every card-anniversary year.
TAT: Turn-Around Time — how long the issuer takes to deliver a decision (T+1 for instant approval cards, 7–21 days for premium cards requiring manual underwriting). TAT is also used to describe dispute resolution timelines.
T&C: Terms and Conditions — the contractual document governing every benefit on the card. Most reward caps, lounge limits, fuel-surcharge waivers, and milestone thresholds are spelled out in the T&C; the issuer can change them with 30 days' notice.
Finance charge: The interest the issuer charges when you carry a balance past the interest-free period. Finance charge is computed daily on the outstanding amount and compounds; paying the statement balance in full every month is the only way to avoid it.
GST on fees: 18% Goods and Services Tax applied on joining, annual, renewal, and most penalty fees — and on finance charges. The fee figures you see on issuer rate cards and on FinWiz24 are usually 'exclusive of GST'; check the fee schedule before comparing across cards.

TL;DR

SBI Card MILES ELITE at a glance

Annual fee: ₹4,999
Reward rate: 6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹200 on all other spends; Travel Credits convertible to Air Miles / Hotel Points (1 TC = Re. 1) or used for Travel Bookings (1 TC = ₹0.50)

Share this card:

Mastercard

Popular

SBI Card MILES ELITE

SBI CardOfficial Website

6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹…

Data as of 04 Aug 2026

Apply NowPartner

We need to know who's flagging the issue so our editors can follow up. Sign in is free.

Fee Waiver

Spend to waive: Annual fee reversed on annual spends ≥ ₹15,00,000

Annual fee: ₹4,999

Compare

SBI Card MILES ELITE vs SBI Card Tata Neu →SBI Card MILES ELITE vs SBI BPCL Credit Card →SBI Card MILES ELITE vs SBI Card PRIME →

Card Snapshot

Joining Fee

₹4,999

Annual Fee

₹4,999

Reward Rate

6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹200 on all other spends; Travel Credits convertible to Air Miles / Hotel Points (1 TC = Re. 1) or used for Travel Bookings (1 TC = ₹0.50)

Minimum Income

N/A

Complimentary airport lounge accessReward structure: 6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for…Annual fee of ₹4,999 — only worth it for high spendersMinimum income requirement of ₹10.0 lakh — not for entry-level earnersNo built-in travel insurance cover

About

Active for new applications. New entry to the catalog. The premium variant of the Miles family. Travel Credits are credited on payment of Joining Fee. Insurance cover is unusually comprehensive for a travel card (laptop, baggage, cancellation). Similar products listed: SBI Card ELITE, IndiGo SBI Card ELITE, Etihad Guest SBI Premier, Air India SBI Signature. Cards with 'Sourcing Stopped' or discontinued status: none in this family.

Card Benefits

Lounge Access2 benefits

International Usage

Foreign exchange, lounges & network

Forex Markup

1.99

SBI Card lowest published forex (Miles Elite)

Lounge Access

8 complimentary domestic airport lounge visits per year (max. 2 per quarter)

6 complimentary international airport lounge visits per year (max. 2 per quarter); Priority Pass Membership worth $99 complimentary for first 2 years

Network

Mastercard

Accepted at millions of merchants worldwide

Editorial review

Everything you need to know about SBI Card MILES ELITE

~868 words

Data as of 12 Aug 2026

What is SBI Card MILES ELITE?

6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹…

SBI Card MILES ELITE is issued by SBI Card on the Mastercard 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 everyday spending; the rest of this page breaks down what that means in practice.

Fees and charges explained

SBI Card MILES 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
forex markup fee: 1.99% SBI Card lowest published forex (Miles Elite)
late payment fee: ₹1,100
SBI Card premium tier
cash advance fee: 2.5% SBI Card standard
fuel surcharge: ₹1 (waivable)
1% surcharge waiver on fuel (standard SBI Card suite)

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 MILES ELITE against another card on cost alone, the cleanest comparison is ₹4,999 joining + ₹4,999/yr vs. the equivalent on the alternative.

Rewards, points, and cashback on SBI Card MILES ELITE

SBI Card MILES ELITE earns 6 Travel Credits for every ₹200 spent on travel; 2 Travel Credits for every ₹200 on all other spends; Travel Credits convertible to Air Miles / Hotel Points (1 TC = Re. 1) or used for Travel Bookings (1 TC = ₹0.50) on eligible spends.

Reward rates by category:

travel: 6.00 Travel Credits per Rs 1 spent
Milestone bonus: 20,000 Bonus Travel Credits on annual spends ≥ ₹12,00,000
Travel Credits per ₹200 on travel spends; 2 Travel Credits per ₹200 on all other spends — redemption_value: Travel Credit = 1 (travel bookings) or transferable to Air Miles / Hotel Points

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 MILES 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).

Lifestyle, travel, and insurance benefits

Beyond the headline reward rate, SBI Card MILES 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 — 8 per year
8 complimentary domestic airport lounge visits per year (max. 2 per quarter)
International lounge access — 6 per year + PP 2yr
6 complimentary international airport lounge visits per year (max. 2 per quarter); Priority Pass Membership worth $99 complimentary for first 2 years

Insurance and consumer protection: most Mastercard 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 MILES 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.

Eligibility: who should apply for SBI Card MILES ELITE

SBI Card MILES ELITE targets applicants who are 21-65 years old and earn at least ₹10,00,000 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: Estimated; SBI Card does not publish minimum on marketing page 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.

Documents you will need

When you apply for SBI Card MILES 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
address proof — required
passport size photo — required
salary slip — 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.

How to apply

How to apply for SBI Card MILES ELITE

Check eligibility
Confirm you meet the minimum income and credit score requirements using our eligibility checker.
Gather your documents
Keep PAN, Aadhaar / address proof, income proof, and a passport-size photo ready.
Apply on the bank's website
Click Apply Now. You'll be redirected to SBI Card to complete the application — FinWiz24 never sees your data.

FAQ

Frequently asked questions about SBI Card MILES ELITE

What are the fees on SBI Card MILES ELITE?

SBI Card MILES ELITE has a joining fee of ₹4,999 and an annual fee of ₹4,999. The annual fee may be waived if you meet the bank's spend or relationship conditions.

Who is eligible for SBI Card MILES ELITE?

Applicants need a minimum income of ₹10,00,000 per annum and a credit score of at least 750. Salaried and self-employed individuals can apply.

How does the rewards program on SBI Card MILES ELITE work?

What documents are needed to apply for SBI Card MILES ELITE?

You'll need a PAN card, an address proof (Aadhaar / passport / utility bill), an income proof (salary slip, Form 16, or ITR), and a passport-size photograph. Existing customers of SBI Card may have a simpler flow.

Other SBI Card cards

Explore more

SBI Card

View all cards from this bank

Mastercard

Card network details

All Cards

Browse full catalog

Guides

Read our guides

Compare

See SBI Card MILES ELITE vs alternatives

Calculators

Calculate your reward value

Glossary

Credit card terms explained

Blog

SBI Card MILES ELITE

SBI Card MILES ELITE at a glance

About

Card Benefits

Lounge Access2

Foreign exchange, lounges & network

How to apply for SBI Card MILES ELITE

Check eligibility

Gather your documents

Apply on the bank's website

Frequently asked questions about SBI Card MILES ELITE

Other SBI Card cards

SBI Card Tata Neu

SBI BPCL Credit Card

SBI Card PRIME

Explore more

More from FinWiz24

1Related guides

2More cards from SBI Card

3Other Mastercard cards

Frequently asked questions about SBI Card MILES ELITE

Other SBI Card cards

SBI Card Tata Neu

SBI BPCL Credit Card

SBI Card PRIME

More from FinWiz24

1Related guides

2More cards from SBI Card

3Other Mastercard cards

Related guides

More cards from SBI Card

Other Mastercard cards

Related guides

More cards from SBI Card

Other Mastercard cards