PSB SBI Card ELITE – Benefits, Fees & Eligibility

Introduction

The PSB SBI Card ELITE, issued by SBI Card in partnership with PSB Bank, is positioned as an exclusive and premium credit card designed for individuals seeking a lifestyle beyond the ordinary. Its key differentiating benefits include a substantial welcome e-Gift Voucher, complimentary movie tickets, and generous bonus reward points on achieving spending milestones, complemented by extensive lounge access privileges.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 5,000.
• Choose from an array of travel and lifestyle brands for the e-Gift Voucher, including Yatra, Hush Puppies / Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.

Fees

• Joining Fee: Rs. 4,999 + taxes.
• Renewal Fee (per annum): Rs. 4,999 + taxes from the 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.

Rewards

• Milestone Benefits
  • 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.
  • Get 10,000 Bonus Reward Points on annual spends of Rs. 4 lakhs.
  • Get 15,000 Bonus Reward Points on annual spends of Rs. 5 lakhs.
  • Get 15,000 Bonus Reward Points on annual spends of Rs. 8 lakhs.
• ELITE Rewards Program
  • 5X Reward Points on dining, departmental stores, and grocery spends.
  • 2 Reward Points per Rs. 100 on all other spends, except fuel.
  • Earn 2 Reward Points on every Rs. 100 spent on international transactions.
• Complimentary Movie Tickets
  • Free movie tickets worth Rs. 6,000 every year.
  • This offer is valid on primary cards only.
• 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.
  • Post complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit.
  • 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.
• ITC Silver Tier Membership
  • Complimentary 1-year Club ITC Silver Tier Membership.
  • Cardholders will be eligible for membership after their first transaction within 60 days of card issuance.
• Exclusive Concierge Service
  • 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

• Pay your outstanding card bill using Reward Points, where 4 Reward Points = Re. 1.
• Movie tickets can be redeemed online via the specified process (link provided for BookMyShow).

Important Product Details

• Contactless Advantage: Tap & Pay with ease for effortless, fast, convenient, and secure everyday payments. Visa PayWave’s unique security key ensures only one transaction is processed even if the card is tapped multiple times.
• Global Acceptance: Accepted in over 24 million outlets globally, including 3,25,000 outlets in India.
• Fraud Liability Cover: Complimentary credit card fraud liability cover of Rs. 1 lakh. Coverage applies from 48 hours before reporting the loss up to 7 days after reporting.
• Add-on Cards: Empower your family with add-on cards for your parents, spouse, children, or siblings above the age of 18.
• Safe and Secure: Get enhanced security against counterfeiting and skimming with the chip and PIN enabled SBI Card ELITE.
• Easy Bill Pay Facility: Pay your electricity, telephone, mobile, and other utility bills using this facility.
• Balance Transfer on EMI: Save money on credit card repayments by transferring outstanding balances of other banks’ credit cards to your SBI Card ELITE at a lower interest rate and repaying in easy EMIs.
• Cash Access Across the World: Withdraw cash from over 1 million Visa, Mastercard ATMs across the globe.
• Flexipay: Convert eligible purchases of Rs. 2,500 or more made using SBI Card ELITE into easy monthly EMIs.

Other Details

• All applicable taxes would be charged on all fees, interest, and charges.
• This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
• Your continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions.
• For assistance, you can call the SBI Card helpline at 1860 180 1290 or 39020202 (prefix local STD code).
• To avail concierge services, call 1800-2121-68168 or E-mail support@premiumconcierge.in.
• To receive your Priority Pass, call the customer helpline numbers: 1860 180 1290 or 39020202 (prefix Local STD code).
• Information provided is subject to change at the discretion of SBICPSL.
• Detailed Terms & Conditions and Most Important Terms & Conditions are available on the SBI Card website.