State Bank of India
SBI Card MILES ELITE
₹4,999/yr annual fee
By FinWiz24 Research Desk · Reviewed by FinWiz24 Research Desk · How we review
Annual fee
₹4,999/yr
Reward rate
Not published
Min. income
₹10,00,000
Forex markup
1.99%
Lounge access
Domestic + international
Eligibility
₹10 lakh/yr · CIBIL 750+
Reward cap
No published cap
Welcome benefit
20,000 Bonus Travel Credits on annual spends ≥ ₹12,00,000; additional domestic lounge visit with every ₹1L spend (cappe…
Who is this for
- Rewards optimiser
What we like
- Travel-focused rewards
- Free domestic lounge visits
- Unlimited international lounge access
Watch out for
- ₹4,999 non-waiver joining fee
- ₹1,100 late-payment fee
- 2.5% cash-advance fee
Issuer
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹4,999 | Not waivable |
| Annual fee | ₹4,999 | Annual fee reversed on annual spends ≥ ₹15,00,000 |
| Forex markup | 1.99% | Not waivable |
| Late payment | ₹1,100 | Not waivable |
| Cash advance | 2.5% of amount | Not waivable |
| Fuel surcharge | 1% | 1% surcharge waiver on fuel (standard SBI Card suite) |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| TRAVEL | 6 Travel Credits per ₹200 on travel spends; 2 Travel Credits per ₹200 on all other spends | — | 1 Travel Credit = ₹1 (travel bookings) or transferable to Air Miles / Hotel Points |
Benefits
-
Travel-focused rewards Highlight
6 Travel Credits per ₹200 on travel; 2 Travel Credits per ₹200 on all other spends — 6x travel
-
Domestic lounge access Highlight
8 complimentary domestic airport lounge visits per year (max. 2 per quarter) — 8 per year
-
International lounge access Highlight
6 complimentary international airport lounge visits per year (max. 2 per quarter); Priority Pass Membership worth $99 complimentary for first 2 years — 6 per year + PP 2yr
-
Travel credit bonus Highlight
20,000 Bonus Travel Credits on annual spends ≥ ₹12,00,000; additional domestic lounge visit with every ₹1L spend (capped at 15 additional visits/membership year) — 20,000 TCs + extra visits
Eligibility
- Age
- 21–65 years
- Min. income
- ₹10,00,000
- Min. credit score
- 750+
- Score note
- Estimated; SBI Card does not publish minimum on marketing page
- Employment
- Salaried, self-employed
- Documents
- PAN, Aadhaar, latest salary slips / ITR, bank statements, photo, address proof
SBI Card MILES ELITE is a MASTERCARD credit card from SBI Card.
Fees and rewards
- Annual fee: ₹4999
- Joining fee: ₹4999
- Rewards: 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)
Eligibility
PAN, Aadhaar, latest salary slips / ITR, bank statements, photo, address proof
Card data is compiled from the issuer’s published fee schedules and is reviewed weekly. High-confidence record. Status: active.
Apply for SBI Card MILES ELITE
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