State Bank of India
SBI Card ELITE Credit Card
Premium Visa with rewards, lounge access, and milestone vouchers
₹4,999/yr annual fee · 5x rewards
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
-
Best for
- Premium SBI Card customer
- Frequent traveller
- Luxury lifestyle spender
-
What we like
- 5x rewards on dining and entertainment
- Domestic + international lounge access
- 2% reduced forex markup
-
Watch out for
- ₹4,999 non-waiver joining fee
- Spend threshold of ₹5 lakh/year required to waive annual fee
- Premium entry tier below Aurion
Annual fee
₹4,999/yr
Reward rate
5x
Min. income
₹10,00,000
Forex markup
2%
Lounge access
Domestic + international
Eligibility
₹10 lakh/yr · CIBIL 750+
Reward cap
Not explicitly stated
Welcome benefit
₹5,000 luxury voucher on annual spends ≥ ₹5,00,000; ₹10,000 voucher on ≥ ₹10,00,000.
SBI Card ELITE Credit Card review: premium Visa with rewards on retail and dining spend, complimentary domestic + international lounge access, milestone vouchers, and welcome benefits for premium SBI Card customers.
Who is this for
- Premium SBI Card customer
- Frequent traveller
- Luxury lifestyle spender
What we like
- 5x rewards on dining and entertainment
- Domestic + international lounge access
- 2% reduced forex markup
Watch out for
- ₹4,999 non-waiver joining fee
- Spend threshold of ₹5 lakh/year required to waive annual fee
- Premium entry tier below Aurion
Issuer
State Bank of India is an RBI-regulated entity. See RBI's Master Directions on Credit Cards for the regulatory framework.
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹4,999 | Not waivable |
| Annual fee | ₹4,999 | Waived on annual spends ≥ ₹5,00,000 |
| Renewal fee | ₹4,999 | Waived on annual spends ≥ ₹5,00,000 |
| Forex markup | 2% | Not waivable |
| Late payment | ₹1,300 | Not waivable |
| Cash advance | 2.5% of amount | Not waivable |
| Fuel surcharge | 1% | 1% surcharge waived on fuel transactions between ₹500 and ₹3,000 |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| All spends | 5 Reward Points per ₹100 on retail spend; 5 Reward Points per ₹100 on dining; 2 Reward Points per ₹100 on utility & i… | Not explicitly stated | Redeemable via SBI rewards portal; air miles conversion to partner airlines |
| DINING | 5.00 | — | 0.50 |
| TRAVEL | 5.00 | — | 0.50 |
Benefits
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5x Rewards on Dining and Travel Highlight
5 Reward Points per ₹100 on dining and entertainment spend — top earn rate for premium cardholders.
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Domestic + International Lounge Access Highlight
6 complimentary domestic + 4 international lounge visits per year.
-
Milestone Vouchers
₹5,000 luxury voucher on annual spends ≥ ₹5,00,000; ₹10,000 voucher on ≥ ₹10,00,000.
-
Lower Forex Markup
2% forex markup (down from 3.5%) on international spends.
Eligibility
- Age
- 21–65 years
- Min. income
- ₹10,00,000
- Min. credit score
- 750+
- Score note
- Good to excellent credit card required
- Employment
- Salaried, self-employed
- Documents
- PAN, Aadhaar (DigiLocker sufficient), salary slip / ITR for self-employed
SBI Card ELITE Credit Card is the premium Visa tier below Aurion. It targets premium SBI Card customers with high rewards on dining and travel, plus lounge access.
Fees and rewards
- Joining fee: ₹4,999 (non-waiver)
- Annual fee: ₹4,999, waived on annual spends ≥ ₹5,00,000
- Rewards: 5 Reward Points per ₹100 on retail + dining
- Forex markup: 2%
Premium benefits
- 5x rewards on dining and entertainment
- 6 domestic + 4 international lounge visits per year
- ₹5,000 milestone voucher on ₹5 lakh spend; ₹10,000 on ₹10 lakh
- 2% reduced forex markup
Eligibility
Minimum annual income ₹10,00,000 (salaried) / ITR-based for self-employed. Good to excellent credit score required.
Card data is compiled from the issuer’s published fee schedules. Last reviewed 2026-09-26.
Step-by-step application guide: Read the SBI Card ELITE Credit Card apply walkthrough →
Apply for SBI Card ELITE Credit Card
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
Is the SBI Card ELITE Credit Card worth it?
What is the annual fee for the SBI Card ELITE Credit Card?
How does the SBI Card ELITE Credit Card reward rate work?
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Does the SBI Card ELITE Credit Card offer airport lounge access?
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