Central Bank of India SBI Card ELITE – Benefits, Fees & Eligibility

Introduction

The Central Bank of India SBI Card ELITE is a premium credit card offered by Central Bank of India in partnership with SBI Card, designed for individuals seeking exclusive privileges and a luxurious lifestyle. Positioned for those who live beyond ordinary, its top differentiating benefits include a substantial welcome e-Gift Voucher, complimentary movie tickets, and a generous bonus reward points program, alongside extensive lounge access.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 5,000.
• Choose your welcome e-Gift Voucher from an array of travel and lifestyle brands: Yatra, Hush Puppies / Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.
• Free movie tickets worth Rs. 6,000 every year (valid on primary cards only).
• Complimentary 1-year Club ITC Silver Tier Membership. Cardholders become eligible after their first transaction within 60 days of card issuance.

Fees

• Annual Fee (one-time): Rs. 4,999 + taxes.
• Renewal Fee (per annum): Rs. 4,999 + taxes (from second year onwards).
• Add-on Card Fee (per annum): Nil.
• Spend-Based Waiver: Annual fee reversal on annual spends of Rs. 10 lakhs.
• Foreign Currency Markup: Lowest foreign currency mark-up charge of 1.99% on international usage.
• Fuel Surcharge: 1% Fuel Surcharge Waiver across all petrol pumps in India on every transaction between Rs. 500 to Rs. 4,000. Maximum surcharge waiver of Rs. 250 per month, per statement cycle.
• International Lounge Usage Fee: Post complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit.

Rewards

• ELITE Rewards Program:
  • Earn 5X Reward Points on dining, departmental stores, and grocery spends.
  • Earn 2 Reward Points per Rs. 100 on all other spends, except fuel.
  • Earn 2 Reward Points on every Rs. 100 spent on international transactions.
• Milestone Privileges:
  • Earn up to 50,000 Bonus Reward Points worth Rs. 12,500 every year.
  • Get 10,000 Bonus Reward Points on annual spends of Rs. 3 lakhs and Rs. 4 lakhs.
  • Get 15,000 Bonus Reward Points on annual spends of Rs. 5 lakhs and Rs. 8 lakhs.
• Lounge Access:
  • International Lounge Program:
    • Complimentary membership to the Priority Pass Program worth $99.
    • 6 complimentary airport lounge visits per calendar year, outside India (maximum 2 visits per quarter).
    • Access to over 1,000 Airport Lounges worldwide.
    • Priority Pass and complimentary membership will be valid for 2 years only.
    • Only Primary Cardholders are eligible for Priority Pass.
  • Domestic Lounge Program:
    • 2 complimentary domestic airport lounge visits every quarter.
• Lifestyle Benefits:
  • Complimentary 1-year Club ITC Silver Tier Membership.
  • Exclusive Concierge Service for dedicated assistance on flower delivery, gift delivery, and online doctor consultation.
• Network Privileges (Visa/RuPay):
  • Up to 15% Cashback on Hotels and Flight bookings via MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on Shopping at Lifestyle Stores.

Rewards Redemption Guide

• You can pay your outstanding card bill using Reward Points, where 4 Reward Points equal Re. 1.
• For the movie ticket redemption process, refer to the specific instructions provided via the BookMyShow offer link.
• To avail concierge services, call 1800-2121-68168 or E-mail support@premiumconcierge.in.
• To receive your Priority Pass, call customer helpline numbers: 1860 180 1290 or 39020202 (prefix Local STD code).

Important Product Details

• Welcome Benefits: Welcome e-Gift Voucher worth Rs. 5,000 and free movie tickets worth Rs. 6,000 annually.
• Reward Points: Up to 50,000 Bonus Reward Points (worth Rs. 12,500) annually based on spend milestones.
• Accelerated Rewards: 5X Reward Points on dining, departmental stores, and grocery spends.
• Lounge Access: Complimentary Priority Pass membership ($99 value) with 6 international lounge visits per year and 2 complimentary domestic lounge visits per quarter.
• Forex Advantage: Lowest foreign currency mark-up charge of 1.99% on international usage.
• Lifestyle Perks: Complimentary 1-year Club ITC Silver Tier Membership and Exclusive Concierge Service.
• Fuel Savings: 1% Fuel Surcharge Waiver (maximum Rs. 250 per month).
• Security: Complimentary credit card fraud liability cover of Rs. 1 lakh, applicable from 48 hours before reporting the loss up to 7 days after reporting.
• Family Benefits: Add-on cards available for parents, spouse, children, or siblings above the age of 18.
• Advanced Security: Chip and PIN enabled for enhanced security against counterfeiting and skimming.
• Convenience: Contactless payment facility (Tap & Pay) for fast and secure transactions.
• Global Acceptance: Accepted in over 24 million outlets globally, including 3,25,000 in India.
• Bill Payments: Easy Bill Pay facility for utility bills.
• Financial Flexibility: Balance Transfer on EMI option to transfer outstanding balances from other bank credit cards at a lower interest rate, and Flexipay option to convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Cash Access: Withdraw cash from over 1 million Visa or Mastercard ATMs across the globe.
• Fees: Annual Fee and Renewal Fee of Rs. 4,999 + taxes.
• Lounge Limitations: Priority Pass complimentary membership is valid for 2 years only, and a usage fee of $27 + applicable taxes applies for Priority Pass lounge visits beyond the complimentary quota.

Other Details

• The card is accepted in over 24 million outlets globally, including 3,25,000 in India.
• A secured card variant named 'Advantage' is also available.
• For detailed Terms & Conditions regarding the ITC Silver Tier Membership and other offers, refer to the links provided by the bank.
• Contactless payment features include Tap & Pay for effortless everyday payments, fast and convenient transactions without handing over the card, and secure transactions where Visa PayWave’s unique security key ensures only one transaction is processed even if the card is tapped multiple times.
• To apply for the Central Bank of India SBI Card ELITE, visit the nearest Central Bank of India Branch.
• Network Privileges (Visa/RuPay) offers are brought to you by VISA/RuPay and are governed by their respective Terms & Conditions.
• Information regarding fees and other applicable charges can be found in the Most Important Terms & Conditions document.