KVB SBI Card ELITE – Benefits, Fees & Eligibility

Introduction

The KVB SBI Card ELITE is a premium credit card offering a host of privileges across various categories, including welcome benefits, accelerated reward points, and extensive lounge access. It provides exclusive lifestyle benefits, travel advantages with low foreign currency markup, and comprehensive insurance covers, catering to users who seek a rewarding experience on their spending.

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 to choose from the e-Gift Voucher options within 21 working days of annual fees payment.
• The e-Voucher will be sent to your registered mobile number/e-mail ID within 5 days of the request.
• Redemption Process for e-Gift Vouchers:
  • Redeem by showing the code at respective brand stores for Bata/Hush Puppies, Pantaloons, and Shoppers Stop.
  • Redeem online at the time of purchase 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 + applicable taxes.
• Renewal Fee (per annum): Rs. 4,999 + applicable taxes, from the second year onwards.
• Spend-Based Waiver: Annual Fee reversal on achieving annual spends of Rs. 10 Lakhs.
• Add-on Fee (per annum): Nil.
• Foreign Currency Markup: Lowest Foreign Currency Mark-up Charge of 1.99% on international usage.
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 500 to 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.
• All taxes would be charged as applicable on all fees, interest, and charges.

Rewards

• Reward Points Earning:
  • 5X Reward Points on Dining, Departmental stores, and Grocery spends.
  • 2 Reward Points per Rs. 100 on all other spends, except fuel.
  • 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) 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.
• Movies:
  • Free Movie Tickets worth Rs. 6,000 every year.
  • 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.
• International Lounge Access:
  • Complimentary membership to the Priority Pass Program, worth $99.
  • 6 complimentary Airport Lounge visits per year, outside India (maximum 2 visits per quarter). Effective from 1st July 2017.
  • Access to over 1000 Airport Lounges worldwide.
  • Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership will be valid for 2 years only.
  • A usage fee of $27 + applicable taxes will be charged for visits to Priority Pass member lounges after exhausting the complimentary visits.
• Domestic Lounge Access:
  • Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India.
  • Use your KVB SBI Card ELITE at the respective lounges to avail the offer.
  • This offer is subject to change and is brought to you by network partners.
• Insurance:
  • Complimentary Air Accident Liability Cover of Rs. 1 Crore (T&C Apply). Note: This coverage will be discontinued W.e.f 11 Aug’25.
  • Complimentary Credit Card Fraud Liability Cover of Rs. 1 lakh. This cover is valid for a period of 48 hours prior to reporting of loss, to 7 days post reporting of loss.
• Lifestyle:
  • Exclusive Concierge Service: Dedicated assistance for Flower Delivery, Gift Delivery, and Online Doctor Consultation.
• Network Privileges (Mastercard Offers):
  • Up to 12% instant discount on hotel bookings worldwide via Agoda.
  • Up to 15% off at Apollo Pharmacy.
  • Up to 15% discount on Room Bookings and Food & Beverage at Lalit Hotels.
• Network Privileges (RuPay Offers):
  • Up to 15% Cashback on Hotels and Flight bookings at MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on Shopping at Lifestyle Stores.

Rewards Redemption Guide

• Redeeming Reward Points for Statement Outstanding: Pay your card outstanding with Reward Points at a conversion rate of 4 Reward Points = Rs. 1.
• Redeeming Movie Tickets: Refer to the provided link on BookMyShow for the redemption process.

Important Product Details

• Welcome Benefit: Rs. 5,000 e-Gift Voucher.
• Movie Benefit: Rs. 6,000 worth of free movie tickets annually.
• Accelerated Rewards: 5X Reward Points on Dining, Departmental Stores, and Groceries.
• Milestone Rewards: Up to 50,000 bonus Reward Points (worth Rs. 12,500) annually on achieving spending milestones.
• Lounge Access: Complimentary international (6 visits/year) and domestic (2 visits/quarter) airport lounge access.
• Forex Markup: Lowest Foreign Currency Mark-up Charge of 1.99%.
• Insurance Coverage: Complimentary Air Accident Liability Cover of Rs. 1 Crore (discontinuing from Aug 11, 2025) and Credit Card Fraud Liability Cover of Rs. 1 Lakh.
• Global Acceptance: Accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India.
• Contactless Advantage: Facilitates fast, convenient, and secure daily purchases with unique security key features to prevent multiple transactions.
• Emergency Card Replacement: Available globally for Mastercard cardholders with a 24x7 helpline.
• Add-on Cards: Empower up to 3 family members (parents, spouse, children, siblings - above 18 years) with add-on cards at no additional fee.
• Cash on the Go: Withdraw cash from over 1 million Mastercard/RuPay ATMs worldwide.
• Security: Chip and PIN enabled for enhanced security against counterfeiting and skimming.
• 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 within 30 days of purchase.
• Balance Transfer on EMI: Transfer outstanding balances from other bank credit cards to avail a lower interest rate and pay in EMIs.

Other Details

• This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
• For detailed Terms and Conditions and Usage Directions, refer to the official document.
• Submit account payee cheques following CTS 2010 standards for timely payment processing.
• For assistance, call the SBI Card helpline at 1860 180 1290 or 39020202 (prefix Local STD code).
• All information provided is correct as of the date of publication and is subject to change at the discretion of SBICPSL.
• Most Important Terms and Conditions are available on the official website.