SBI Elite Credit Card

If you are a travel & shopping freak, looking for a credit card to assist you in handling your travel and lifestyle needs, the SBI ELITE credit card is for you. Launched in 2016, SBI card ELITE offers 5X elite rewards points on Dining, Departmental stores and Grocery Spends.

With numerous features and benefits, these cards have appeared to be one of the most sought-after alternatives when SBI cards with attractive deals are searched for.

This SBI card ELITE option, in addition to being the travel and lifestyle card, is also the best dining and entertainment credit card option. hence, if you are an entertainment lover and you prefer to go out frequently for a movie date or dinner with your beloved, this card is for you.

About the SBI ELITE Credit Card

For people who are frequent travelers or are movie freaks or love outside food, this credit card from SBI is of great help. How? This is because using this credit card won’t make you feel you are investing in something unimportant. You, instead, are eligible to get high reward points on every spend. Isn’t that great?

On joining, you will require to pay Rs 4,999 + applicable taxes to activate this SBI credit card. This amount will act as your annual fee or renewal for the upcoming years of use of this ELITE card. However, if you spend at least Rs 10 lakh in a year, this annual fee for the following year would be waived.

Hence, the more you use this SBI card ELITE version, the more advantages you will be likely to enjoy.

As the name suggests, this card is meant for people belonging to the elite class with a significant earning of at least Rs 60,000 per month.

Go to Compare Credit Cards Features to get best deals on credit cards.

Features of SBI ELITE Credit Card

The features exhibited by the SBI card elite are as follows:

Welcome Offer

As soon as your card gets activated and you pay the annual fee, you will instantly receive an e-Gift Voucher worth Rs 5,000 through an SMS. You will require choosing the voucher options within 15 days of the payment of the annual fee.

However, once you receive it on your registered mobile number or email ID. You can use this voucher for your purchases from travel and lifestyle brands, like Pantaloons, Shoppers Stop, and Bata/Hush Puppies. You just need to share the code at the store and proceed with the redemption of the points.

You can also use the gift voucher for your online purchase benefits via Yatra and Shoppers Stop.

There are Aditya Birla Retail E-Gift Voucher options available that you can use by sharing codes at the brand stores of Van Heusen, Peter England, Louis Philippe, Planet Fashion, Simon Carter, Allen Solly, etc.

Entertainment Facilities

As an SBI credit card user, you are eligible to get free movie tickets, and that too worth Rs 6,000 every year. This will mean booking a minimum of two tickets in one go per month.

Milestone Features

This SBI card ELITE option lets users earn up to 50, 000 bonus reward points, which can go up to Rs 12,500 per annum.

The elite rewards also include earning 10,000 reward points on an annual expenditure ranging between Rs 3 lakh and Rs 4 lakh.

Plus, when you are an SBI card ELITE user, you are also eligible to earn up to Rs 15000 reward points if your expenditure amount falls between Rs 5 lakh and Rs 8 lakh.

ELITE Points

You can earn a total of 10 reward points for every expenditure worth Rs 100, be it made in departmental stores, dining or groceries. There are no points for fuel spends.

Annual Fee Waiver

If the SBI card elite users’ annual spend exceeds Rs 10 lakh, they do not require paying the annual fee for the following year anymore.

Low ForEx Markup

The SBI ELITE credit card has the lowest Foreign Exchange Markup charge at 1.99% to offer to SBI card elite users for overseas use.

Exclusive Concierge Service

Being the SBI card elite user, you get an opportunity to be assisted exclusively by the bank representatives with everything, including travel bookings, movie and dinner reservations, holiday package selection, flower delivery, online doctor consultation, gift delivery, etc.

Looking for other SBI Cards? SBI Prime Credit Card | SBI SimplySAVE Credit Card | SBI SimplyCLICK Credit Card

Miscellaneous Features

Contactless features

Wave and make payment facility is what makes the transactions fast and convenient.

You just need to bring the credit card in front of the card reader to make the transaction happen.

Security

When you wave the card for payment, you hold it in your own hands, and hence, there is no chance of it getting stolen or misplaced after use.

Accepted Everywhere

The card is accepted worldwide in more than 24 million outlets, including 3,25,000 stored within India alone.

Fraud Protection

The cardholders get fraud liability cover worth Rs 1 lakh. This coverage is applicable 48 hours before the loss is reported to 7 days after the same.

Replacement

This SBI card elite version is eligible for replacement as well even when you are traveling to some other country.

Add-on Card

You can apply for add-on cards for your immediate family members, who must be 18 years or more in age.

Cash Withdrawal

You can withdraw cash on the go from more than 1 million ATMs across the globe using your Visa or Mastercard.

Other Features

• This card offers stricter security by providing security against counterfeiting and skimming using the chip and pin incorporated in the credit card.
• Payment of electricity, telephone, mobile, and other utility bills is easy with this credit card.
• Like other SBI credit cards, this prime version also gives users a chance to convert the transactions into easy installments. If your transaction limit has reached Rs. 2,500 or beyond, you are eligible for this benefit.
• Through the balance transfer facility, the SBI card elite users can assemble all their outstanding credit amounts in one place with this elite card and repay the debt easily in the form of EMIs at a lower interest rate.
• You can covert your finances in this SBI card elite version into Easy Money and get the same to your doorstep in the form of a draft or cheque.

Benefits of SBI ELITE Credit Card

Some of the benefits of SBI ELITE credit card are as follows:

Trident Privilege Membership

One of the travel benefits of using this card is to have complimentary Trident Privilege Red Tier Membership benefits, which begin as soon as the registration is complete. You instantly receive 1,000 reward points as a welcome gift.

You get bonus points of 1500 on the very first day of your stay at the hotel. In addition, the cardholders will be credited with Rs 1,000 if they opt for an extended night stay. The individuals get a fuel surcharge waiver of 1% on transactions ranging from Rs 500 to Rs 4,000.

This is applicable for fuel purchase at any petrol pump. The maximum fuel surcharge waiver you receive is Rs 250.

International/ Domestic Lounge Program

You are allowed two complimentary domestic airport lounge access once in three months within India. In addition, card users can receive the benefits of the Priority Pass Program.

You can enjoy six complimentary international lounge access in a year, including a maximum of two visits once in three months.

As a cardholder, you get access to over 1,000 airport lounges all across the globe.

Club Vistara Membership

Under this program, the users get a chance to enjoy a complimentary membership to Club Vistara Silver.

You receive one free Lounge Access Voucher along with one Upgrade Voucher. On every expenditure of Rs 100, you receive nine Club Vistara Points.

MasterCard/VISA/American Express Privileges

MasterCard

You can enjoy 4 rounds of complimentary green fees access along with a maximum of 50% off on golf games along with one complimentary lesson per month at the chosen golf courses in India.

The card users can receive up to 15% discount on the rooms and also enjoy a discount of up to 15% on F&B at the Lalits.

Visa

You can save up to 10% and 35% on Hertz car rental and Avis car rental, respectively. In addition, the card users enjoy exclusive benefits across 900 luxury hotels across the globe.

American Express

This part of the deal offers the best dining experience with a huge saving of up to 25% in the city you are using the card in.

You can also enjoy the complimentary tablet plus membership, thereby getting access to VIP upgrades and privileges at Indian hotels as well as accommodations across the globe.

Eligibility Criteria for SBI ELITE Credit Card

Though the benefits are many, you can only enjoy them if you are eligible to apply for the SBI ELITE credit cards.

To know if you qualify, you can check the below-mentioned criteria that make you eligible for making the application:

• You must be between 18 and 70 years of age
• Minimum income for salaried or self-employed individuals should be at least Rs. 60,000 per month
• The add-on cardholder must be above the age of 18 years.
• A credit score of 750 or more to be eligible for the card.

To check the eligibility criteria more accurately, you can:

• Visit SBI’s official website
• On the SBI Credit Cards tab, go to the “Simplyfier” page
• You will be asked questions one by one for the bank to know your personal and professional details, including your income and expense-related information.
• You will be required to select your income range and other options
• After you finish answering all the questions, click on “Show My Card”

Documents Required for SBI ELITE Credit Card

While applying for this SBI credit card, you need to make sure to accompany the application with the following documents:

• Filled credit card application form.
• A copy of PAN card or Form 60.
• Identity proof – PAN, driving license, Aadhaar Card, etc.
• Income proof – latest payslips, Form 16, IT return copy, etc.
• Residence proof – Passport, Ration Card, electricity bill, Aadhaar, etc.
• Passport size color photographs of the applicant.

However, the State Bank of India might ask for some other document as applicable for advanced verification.

How to Apply for SBI ELITE Credit Card?

There are two ways of applying for the SBI ELITE credit cards – one is through the official website of SBI and another is through us – roopya.com.

Using Roopya

1. Go to Roopya
2. Click on the Credit Cards option from the menu bar
3. Select SBI Bank to be taken to the official website of the bank
4. Select SBI ELITE credit card
5. Fill in the application form
6. Click Submit
7. Upload the required documents to continue

Using SBI official website

1. Visit the official website of SBI
2. Click on Credit Cards from the menu bar
3. Scroll down and search for SBI ELITE credit card
4. Click on Apply Now for the same
5. Fill in the application form E-Apply tab, asking for your personal, professional, and other details.
6. Click Submit
7. Upload the required documents to continue

Once you apply with all the documents attached, you will receive an application ID using which you can track your application status.

How to Redeem Reward Points?

As stated above, you receive a number of reward points in lieu of your loyalty towards the bank and its products. If you are looking forward to redeeming the same. here are the steps that you need to follow:

1. Log in to your SBI Net banking account
2. Click on Redeem Rewards option that will come across on the main page
3. Choose the category from the available options
4. The total loyalty points would be visible on the left pane
5. Enter your city for the delivery of rewards
6. Choose the quantity for the reward
7. Click Add to Cart
8. Click on Place Order

Fee & Charges

1. Joining Fee – Nil
2. Annual Fee – Rs. 4,999 (one-time)
3. Renewal Fee – Rs. 4,999 (per annum to be paid from the second year)
4. Add-on fee – Nil (per annum)
5. Cash advance fee – 2.5% of the amount withdrawn or Rs. 500 for domestic & overseas ATMs
6. Finance charges – 3.50% per month or 42 % per annum
7. Cash payment fee – Rs. 199 + taxes applicable
8. Payment dishonor fee – 2% of the amount payable or a minimum of Rs. 450
9. Late payment fee
10. Upto Rs. 500 – Nil
11. Rs. 501 to Rs. 1, 000 – Rs. 400
12. Rs. 1,001 to Rs. 10,000 – Rs. 750
13. Rs. 10,001 to Rs 25,000 – Rs. 950
14. Rs. 25,001 to Rs. 50,000 – Rs. 1,100
15. Above 50,000 – Rs. 1,300
16. Statement Request Fee – Rs. 100 per statement, which is 2 months old or more
17. Card Replacement Fee – Rs. 100 to Rs. 250
18. Cheque payment charge – Rs. 100
19. Over-limit charges – 2.5% of the over-limit amount or a minimum of Rs. 600
20. Reward Redemption Fee – Rs. 99
21. Foreign Currency Transaction Fee – 1.99%

SBI Contact Points

Mail Address: SBI Cards and Payment Services Limited

Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower,

E-1,2,3 Netaji Subhash Place,

Wazirpur, New Delhi 110034

CIN: U65999DL1998PTC093849

Fax: 91-124-3987306

SMS

Send an SMS to 5676791 from your registered mobile number.

FAQs

What is the credit limit on the SBI Elite card?

The credit limit on the SBI Elite card is at the discretion of the bank and it will be applicable as per the decision taken by SBI.

However, a credit score of 750 or more is required for you to be eligible for the card.

Is the SBI Elite card worth it?

Of course, it is. With lots of features and benefits, these cards are one of the best travel, lifestyle, and entertainment credit cards at the moment.

What is the annual fee for SBI elite credit card?

The annual fee for the card is Rs 4,999, which is also the renewal fee to be paid every year.

What are the benefits of SBI elite credit cards?

Some of the benefits of SBI ELITE credit card are as follows:

• One of the travel benefits of using this card is to have complimentary Trident Privilege Red Tier Membership benefits, which begin as soon as the registration is complete. You instantly receive 1,000 reward points as a welcome gift.
• You get bonus points of 1500 on the very first day of your stay at the hotel. In addition, the cardholders will be credited with Rs 1,000 if they opt for an extended night stay.
• The individuals get a fuel surcharge waiver of 1% on transactions ranging from Rs 500 to Rs 4,000. This is applicable for fuel purchase at any petrol pump. The maximum fuel surcharge waiver you receive is Rs 250.
• You are allowed two complimentary domestic airport lounge access once in three months within India.
• In addition, card users can receive the benefits of the Priority Pass Program. You can enjoy six complimentary international lounge access in a year, including a maximum of two visits once in three months. As a cardholder, you get access to over 1,000 airport lounges all across the globe.
• Under this program, the users get a chance to enjoy a complimentary membership to Club Vistara Silver.
• You receive one free Lounge Access Voucher along with one Upgrade Voucher. On every expenditure of Rs 100, you receive nine Club Vistara Points.
• Under MasterCard privilege, you can enjoy 4 rounds of complimentary green fees access along with a maximum of 50% off on golf games along with one complimentary lesson per month at the chosen golf courses in India. The card users can receive up to 15% discount on the rooms and also enjoy a discount of up to 15% on F&B at the Lalit Hotels.
• Under Visa privilege, you can save up to 10% and 35% on Hertz car rental and Avis car rental, respectively. In addition, the card users enjoy exclusive benefits across 900 luxury hotels across the globe.
• Under American Express privilege, you get the best dining experience with a huge saving of up to 25% in the city you are using the card in. You can also enjoy the complimentary tablet plus membership, thereby getting access to VIP upgrades and privileges at Indian hotels as well as accommodations across the globe.