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

Introduction

The Central Bank of India SBI Card ELITE is a premium credit card designed to offer a wide array of privileges across various categories including welcome gifts, complimentary movie tickets, accelerated reward points on popular spending categories, and extensive lounge access programs. Cardholders can also benefit from milestone rewards, a low foreign currency markup, and essential insurance covers, making it a comprehensive offering for high-spenders.

Welcome Benefits

• Welcome e-gift Voucher worth Rs. 5,000 from a selection of brands: Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, Shoppers Stop, and Yatra.com.
• An SMS will be sent within 21 working days of annual fee payment to choose from the e-Voucher options.
• The chosen e-Voucher will be sent to your registered mobile number/e-mail ID within 5 days of the request.
• e-Gift Vouchers can be redeemed by showing the code at respective brand stores (Bata/Hush Puppies, Pantaloons, Shoppers Stop) or online for Yatra and Shoppers Stop.
• Aditya Birla Fashion e-gift vouchers are accepted at Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, and Simon Carter brand stores.

Fees

• Annual Fee (one-time): Rs. 4,999
• Renewal Fee (per annum): Rs. 4,999, applicable from the second year onwards.
• Spend-Based Waiver: Annual Fee can be reversed on achieving annual spends of Rs. 10 Lakhs.
• Add On Fee: NIL.
• Foreign Currency Markup: Lowest Foreign Currency Mark-up Charge of 1.99% on International usage.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at any petrol pump across the country.
  • Maximum surcharge waiver of Rs. 250 per statement cycle, per credit card account.
  • Government Service Tax is extra, as applicable.
• International Lounge Program Usage Fee: $27 + applicable taxes will be charged for visits to Priority Pass member lounges after the complimentary visits are exhausted.
• All applicable taxes would be charged on all fees, interest, and charges.

Rewards

• Movies
  • Complimentary Movie Tickets worth Rs. 6,000 every year.
  • Transaction valid for at least 2 tickets per booking per month.
  • Maximum discount is Rs. 250 per ticket for 2 tickets only.
  • Convenience Fee would be chargeable.
  • This offer is valid on Primary Cards only.
• Dining, Departmental Stores, and Grocery
  • Get 5X Reward Points on Dining, Departmental stores, and Grocery Spends.
• General Spends
  • Earn 2 Reward Points per Rs. 100 on all other spends, except fuel.
• International Transactions
  • Earn 2 Reward Points on every Rs. 100 spent on International transactions.
• Milestone Privileges
  • Earn upto 50,000 Bonus Reward Points worth Rs. 12,500 per year.
  • Earn 10,000 bonus Reward Points on achieving annual spends of Rs. 3 lakhs and Rs. 4 lakhs.
  • Earn 15,000 bonus Reward Points on achieving annual spends of Rs. 5 lakhs and Rs. 8 lakhs.
  • Spend Based Reversal of Annual Fee on spends of Rs. 10 Lakhs.
• International Lounge Program
  • Complimentary membership to the Priority Pass Program worth $99.
  • 6 complimentary Airport Lounge visits per year, outside India (maximum 2 visits per quarter). This benefit is effective from 1st July 2017.
  • Access over 1000 Airport Lounges worldwide.
  • Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership will be valid for 2 years only.
• Domestic Lounge Program
  • Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India.
  • To avail the offer, use your Central Bank of India SBI Card ELITE at the respective lounges.
  • This offer is brought by network partners and is subject to change.
• VISA Network Privileges
  • Exclusive benefits across 900 luxury hotels worldwide.
  • Savings of upto 10% on Hertz Car Rental and upto 35% on Avis Car Rental.
  • Upto 15% off on stays at IHG Hotels and Resorts.
• RuPay Network Privileges
  • Upto 15% Cashback on Hotels and Flight bookings at MakeMyTrip.
  • Upto 20% off on ZoomCar.
  • Upto 15% off on Shopping at Lifestyle Stores.
• Insurance
  • Complimentary Air Accident Liability Cover of Rs. 1 Crore (Terms and Conditions Apply). Note: This coverage will be discontinued with effect from August 11, 2025.
  • Complimentary Credit Card Fraud Liability Cover of Rs. 1 Lakh.
  • The Fraud Liability Cover is valid for a period of 48 hours prior to reporting the loss, to 7 days post reporting the loss.
• Lifestyle
  • Exclusive Concierge Service providing dedicated assistance on Flower Delivery, Gift Delivery, and Online Doctor Consultation.

Rewards Redemption Guide

• Reward Points: You can pay your card outstanding with Reward Points, where 4 Reward Points equal Rs. 1.
• Welcome e-Gift Vouchers: Redeem by showing the code at respective brand stores or online at the time of purchase for applicable brands.

Important Product Details

• Positive Highlights
  • Generous welcome e-gift voucher worth Rs. 5,000.
  • Annual complimentary movie tickets valued at Rs. 6,000.
  • Opportunity to earn up to 50,000 bonus Reward Points annually, equivalent to Rs. 12,500.
  • Annual fee waiver on achieving a spend threshold of Rs. 10 Lakhs.
  • Accelerated 5X Reward Points on everyday spending categories like dining, departmental stores, and groceries.
  • Complimentary Priority Pass membership (worth $99) with 6 international lounge visits per year.
  • Complimentary domestic airport lounge access (2 visits per quarter).
  • Lowest foreign currency markup of 1.99%.
  • 1% fuel surcharge waiver up to Rs. 250 per month.
  • Comprehensive insurance covers including Air Accident Liability (until August 11, 2025) and Fraud Liability.
  • Exclusive concierge services for lifestyle assistance.
  • Widely accepted globally and domestically.
  • Flexibility to empower family members with add-on cards at no extra cost.
  • Features like Flexipay and Balance Transfer on EMI for financial flexibility.
  • Contactless payment functionality for convenience and security.
• Negative Highlights
  • Complimentary Air Accident Insurance coverage of Rs. 1 Crore will be discontinued from August 11, 2025.
  • A convenience fee is chargeable on complimentary movie ticket bookings.
  • Fuel surcharge waiver is capped at Rs. 250 per month.
  • International lounge visits beyond the complimentary 6 per year incur a usage fee of $27 + applicable taxes.
  • Complimentary Priority Pass membership is valid for only 2 years.

Other Details

• Contactless Advantage
  • Facilitates daily purchases by simply waving your card at a secure reader.
  • Offers fast and convenient transactions, eliminating the need for cash/coins for small purchases.
  • Ensures security as the card remains in your hand, reducing the risk of loss and skimming.
  • Features a unique security key to prevent multiple transactions even if waved multiple times.
• Air Accident & Fraud Liability Cover
  • Complimentary Credit Card Fraud Liability Cover of Rs. 1 Lakh.
  • This cover is valid for 48 hours prior to reporting loss, to 7 days post reporting loss.
• Global Acceptance
  • Accepted at over 24 million outlets across the globe, including 3,25,000 outlets in India.
  • Can be used for payments at any outlet that accepts VISA/RuPay cards.
• Emergency Card Replacement
  • Facility available for VISA cardholders only.
  • 24x7 helpline for emergency card replacement even while traveling abroad.
  • For card loss in India, contact SBI Card helpline.
• Add-on Cards
  • Empower up to 3 members of your family (parents, spouse, children or siblings - above 18 years of age) with an add-on card.
• Cash on the Go
  • Withdraw cash from over 1 million VISA/RuPay ATMs worldwide.
• Safe and Secure
  • Enhanced security against counterfeiting and skimming with the chip and PIN enabled card.
• Easy Bill Pay Facility
  • Pay electricity, telephone, mobile, and other utility bills.
• Flexipay
  • Convert transactions of Rs. 2,500 or more into easy monthly installments.
  • Log in to sbicard.com within 30 days of purchase to convert to Flexipay.
• Balance Transfer on EMI
  • Save money by transferring outstanding balances from other banks’ credit cards to your Central Bank of India SBI Card ELITE.
  • Avail a lower rate of interest and pay back in EMIs.
  • Service available by logging onto sbicard.com.
• Important Information
  • It is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
  • For assistance, call the SBI Card helpline at 1860 180 1290 or 39020202 (prefix local STD code).
  • For Concierge Services, call 1800-2121-68168 or email support@premiumconcierge.in.