- Cardholders can bag e-gift vouchers worth Rs.5,000 from Shoppers Stop, Yatra, Marks & Spencer’s, Bata/Hush Puppies, and Pantaloons.
- Benefits worth Rs.30,000 every year.
- 2 complimentary movie tickets worth Rs.500 every month at BookMyShow.com.
- Welcome gift worth Rs.5,000.
- Cardholders can enjoy complimentary membership to Club Vistara and Trident Privilege Red Tier and Priority Pass Program.
- Cardholders can enjoy 24/7 concierge service.
- Cardholders can avail air accident insurance cover of Rs.1 crore.
SBI Card ELITE is known for its value added offers, which makes it more suitable for shopaholic travellers.
Benefits of SBI Card ELITE
- Lounge Access:
- 6 complimentary visits per year to international airport lounges outside India under the Priority Pass Program. Max 2 visits per quarter.
- 8 complimentary visits per year to domestic airport lounges in India under the VISA/Mastercard Lounge Program. Max 2 visits per quarter.
- Cash Advance:
You can access cash from anywhere with over 1 million Visa ATMs in more than 100 countries around the world.
- Internet Banking for Credit Cards:
Internet banking ensures that that you can use credit cards in the comfort of your home or office and every transaction can be tracked through secure statements, text messages and emails issued by the bank.
- Global Acceptance and Recognition:
SBI Card ELITE is universally accepted and recognized in over million partner establishments worldwide.
SBI Card ELITE Features
- Fuel Points:
Cardholders can bag 1% fuel surcharge waiver across all petrol pumps. Valid for transactions between Rs.500 – Rs.4,000. Max waiver of Rs.250 per statement cycle.
- Easy Instalment Options:
Purchase anything that you want and pay in easy instalments. To initiate Flexipay, call the SBI Card Helpline within a month after the purchase.
- Reward Points:
- Cardholders can earn 10 points per Rs.100 spent on dining, movies, department stores, and groceries.
- Cardholders can earn 2 points per Rs.100 spent on other retail products.
- Lifestyle Privileges:
Monthly card spends can earn you INR. 500 off on BookMyShow purchases every month. This is valid for minimum two tickets per reservation and maximum rebate allowed is INR. 250 per ticket.
Special SBI Card ELITE Offers
- Accommodations at reduced prices (up to 75 percent) at more than 55000 Hotels & Villas worldwide.
- SBI Card ELITE rebates in around 900 star hotels across the world.
- You can save up to 10 percent on Hertz Vehicle Rental Program
- Get at least 30 percent rebate on green fees at over 300 golf clubs.
- Cardholders can avail up to 50,000 bonus reward points on annual spends.
- Cardholders can earn 10,000 bonus reward points on spending Rs.3 lakh and Rs.4 lakh annually.
- Cardholders can bag Rs.15,000 bonus reward points on achieving annual spends of Rs.5 lakhs and Rs.8 lakhs each.
- Spend-based reversal on annual fee on spending Rs.10 lakhs.
- Cardholders can enjoy lowest foreign mark-up of 1.99% on international transactions.
SBI Card ELITE Concierge Benefits
Cardholders can enjoy 24/7 concierge service for a host of services and exciting offers on various privileges.
Eligibility and Documentation of SBI Card ELITE
The eligibility for procuring an SBI Elite Credit Card is decided based on the applicant’s declared income and employment, among other factors. However, listed below are the age criteria:
| For salaried applicants | 21 to 70 years |
| For pensioners | 40 to 70 years |
| For self-employed | 21 to 70 years |
As documentation, the applicant will be asked to submit an address proof, an identity proof and income documents.
SBI Card ELITE Fees and Charges:
- A joining fee of Rs. 4,999 will be charged one time.
- Annual fee for this card is Rs. 4,999.
- From the second year, the annual fee Rs.4,999 (Waived on spending Rs.10 lakhs or more annually).
- Term for credit without interest – 20 to 50 days.
- Finance charges – Up to 3.35 percent per month or 40.2 percent per annum.
- Least Amount Due – 5 percent of the entire balance.
- Cash Advance limit – Up to 80 percent of your credit limit.
- Renewal Fee- Rs.4,999.
- APR-40.2% per annum.
How to Redeem the Reward Points:
You can redeem your Reward Points across categories like travel, holidays, lifestyle, gadgets etc. You can also use the redeem points to avail deals on products from Armani, Fossil and flight tickets from IndiGo.
