SBI Card ELITE review
Frequent travellers and entertainment spenders with ₹60k+ monthly income who want lounge access, milestone bonus points and a movie benefit, and can absorb the ₹4,999 fee against the ₹5,000 welcome voucher. Verified as of June 2026.
By NexMaxo Editorial Team · Terms verified June 2026 · confirm before applying
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At a glance
SBI Card · Visa / Mastercard / RuPay / American Express
Welcome e-gift voucher worth ₹5,000 (offsets the first-year fee) plus up to 50,000 bonus Reward Points per year via spend milestones.
- Annual fee
- ₹4,999 + GST joining and renewal; renewal fee waived on annual spends of ₹10 lakh or more
- Reward rate
- 2 RP per ₹100 base (~0.5%); 5X = 10 RP per ₹100 on dining/grocery/departmental stores (~2.5%, cap 10,000 RP/month); 1 RP = ₹0.25 (4 RP = ₹1)
- Lifetime-free
- No
- Network
- Visa / Mastercard / RuPay / American Express
- Eligibility
- Approx age 21-70 years; minimum income approx ₹60,000/month (aggregator-sourced)
Why it stands out
- Up to 50,000 bonus Reward Points/year on milestones (10k each at ₹3L & ₹4L spend, 15k each at ₹5L & ₹8L)
- Complimentary Priority Pass: 6 international lounge visits/year (max 2/quarter) + 8 domestic lounge visits/year
- 5X Reward Points (10 RP/₹100) on dining, groceries & departmental stores, capped 10,000 RP/month; 2 free BookMyShow tickets/month (up to ₹250 each)
Good to know
- It isn't lifetime-free — the annual fee (₹4,999 + GST joining and renewal; renewal fee waived on annual spends of ₹10 lakh or more) applies unless you meet the spend-based waiver.
- Accelerated rewards are usually capped — check the monthly/quarterly caps in the reward rate above before counting on them.
- Issuers revise card terms often, so confirm the current fees, rewards and eligibility on SBI Card's official page before applying.
How it compares
See it ranked against similar cards in our best travel & lounge credit cards roundup.
SBI Card ELITE — FAQs
No. The SBI Card ELITE carries a fee — ₹4,999 + GST joining and renewal; renewal fee waived on annual spends of ₹10 lakh or more. That fee is typically refunded only if you meet a spend threshold, so it's a spend-based waiver rather than a genuine lifetime-free card.
₹4,999 + GST joining and renewal; renewal fee waived on annual spends of ₹10 lakh or more. Fees are dated as of June 2026 and can change — check the current schedule of charges on SBI Card's official page before applying.
Welcome e-gift voucher worth ₹5,000 (offsets the first-year fee) plus up to 50,000 bonus Reward Points per year via spend milestones. In detail: 2 RP per ₹100 base (~0.5%); 5X = 10 RP per ₹100 on dining/grocery/departmental stores (~2.5%, cap 10,000 RP/month); 1 RP = ₹0.25 (4 RP = ₹1). Reward values and caps are indicative and set by the issuer.
Frequent travellers and entertainment spenders with ₹60k+ monthly income who want lounge access, milestone bonus points and a movie benefit, and can absorb the ₹4,999 fee against the ₹5,000 welcome voucher. Eligibility is broadly Approx age 21-70 years; minimum income approx ₹60,000/month (aggregator-sourced). It's not advice — pick a card that fits your own spending and confirm you qualify on the issuer's page.
This is an informational review, not financial advice or a recommendation to apply. Card terms change often — confirm current fees, reward rates and eligibility on SBI Card's official page before applying. Using credit responsibly and paying your bill in full avoids interest.