SBI Card ELITE Advantage – Benefits, Fees & Eligibility

Introduction

The SBI Card ELITE Advantage is a premium lifestyle credit card designed to offer a host of exclusive privileges across various categories such as travel, movies, dining, and rewards. Cardholders can enjoy a valuable welcome gift, complimentary movie tickets annually, accelerated reward points on specific spending categories, and extensive lounge access both domestically and internationally. It also provides benefits like a low foreign currency markup and milestone-based bonus rewards, making it suitable for individuals seeking a comprehensive rewards program and luxury benefits.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 5,000.
• Choose from an array of travel and lifestyle brands including Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.
• The e-voucher options will be sent via SMS within 15 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.
• Redeem e-gift vouchers by showing the code at brand stores for Pantaloons, Shoppers Stop, and Hush Puppies/Bata.
• Redeem codes online at the time of purchase for Yatra and Shoppers Stop.
• Aditya Birla Retail Vouchers can be redeemed at Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, and Simon Carter stores.

Fees

• Annual Fee (one-time): Rs. 4,999
• Renewal Fee (per annum): Rs. 4,999 (from 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 Mark-up Charge: 1.99% on International usage.
• Fuel Surcharge Waiver: 1% waiver on transactions between Rs. 500 to Rs. 4,000 at any petrol pump across the country.
  • Maximum Surcharge Waiver of Rs. 250 per month per credit account.
• International Lounge Program Usage Fee: Up to $27 + applicable taxes will be charged for visits to Priority Pass member lounges after the complimentary visits.
• Movie Ticket Convenience Fee: Convenience Fee would be chargeable for complimentary movie tickets.
• All applicable taxes would be charged on all Fees, Interest & Charges.

Rewards

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.

ELITE Rewards

• Get 5X Reward Points on Dining, Departmental stores, and Grocery Spends.
• Earn 2 Reward Points per Rs. 100 on all other spends.
• Earn 2 Reward Points per Rs. 100 spent on International transactions.

Complimentary Movie Tickets

• Free 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.
• 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 year, outside India (maximum 2 visits per quarter), effective from 1st July 2017.
• Access over 1000 Airport Lounges worldwide.
• Only Primary Cardholders are eligible for Priority Pass, and 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 SBI Card ELITE Advantage at the respective lounges.
• This offer is brought to you by Visa/MasterCard for a limited period only.

Lowest Forex Markup

• Enjoy the privilege of the lowest Foreign Currency Mark-up Charge of 1.99% on International usage.
• You are also entitled to 2 Reward Points on every Rs. 100 spent on International transactions.

MasterCard/Visa Privileges

• Golf: Enjoy 4 rounds of complimentary green fees access and up to 50% off on golf games, along with 1 complimentary lesson per month at selected golf courses across India.
• Car Rental: Savings of up to 10% on Hertz car rental and up to 35% on Avis Car Rentals.
• Hotels: Exclusive benefits across 900 luxury hotels worldwide.
• Travel: Earn up to 10,000 miles per night on hotel stays plus 25% extra miles on Kaligo.com.
• These offers are brought to you by Mastercard/Visa.

Fraud Liability Cover

• Get complimentary credit card fraud liability cover of Rs. 1 lakh.
• This cover is liable from 48 hours prior to reporting of loss till 7 days post reporting of loss.

Add-on Cards

• Empower your family with add-on cards for your parents, spouse, children, or siblings above the age of 18.

Rewards Redemption Guide

• Reward Points: Pay your card outstanding with Reward Points, where 4 Reward Points = Rs. 1.
• Welcome e-Gift Voucher: You will receive an SMS to choose from e-voucher options within 15 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 can be done in-store or online depending on the brand.
• Complimentary Movie Tickets: For the redemption process, refer to the details provided on BookMyShow.

Important Product Details

• Welcome e-Gift Voucher worth Rs. 5,000.
• Free Movie Tickets worth Rs. 6,000 every year (max discount Rs. 250/ticket for 2 tickets per month, primary card only).
• Earn up to 50,000 Bonus Reward Points worth Rs. 12,500 annually based on spending milestones (Rs. 3L, Rs. 4L, Rs. 5L, Rs. 8L).
• 5X Reward Points on Dining, Departmental stores, and Grocery Spends.
• 2 Reward Points per Rs. 100 on all other spends, including international transactions.
• Complimentary Priority Pass Program membership ($99 value) with 6 international airport lounge visits per year (max 2 per quarter).
• 2 complimentary Domestic Airport Lounge visits every quarter in India.
• Lowest Foreign Currency Mark-up Charge of 1.99%.
• 1% Fuel Surcharge Waiver (max Rs. 250 per month) on transactions between Rs. 500 to Rs. 4,000.
• Complimentary credit card fraud liability cover of Rs. 1 lakh.
• Annual Fee reversal on annual spends of Rs. 10 Lakhs.
• Golf privileges: 4 complimentary green fees, up to 50% off on games, 1 complimentary lesson per month.
• Car rental savings: up to 10% on Hertz, up to 35% on Avis.
• Exclusive benefits across 900 luxury hotels worldwide and up to 10,000 miles per night plus 25% extra miles on Kaligo.com.
• Contactless payment feature for fast, easy, and secure daily purchases.
• Global acceptance in over 24 million outlets worldwide, including 3,25,000 in India.
• Emergency card replacement service available anywhere in the world with 24x7 helpline.
• Add-on cards available for family members above 18 years of age.
• Easy Bill Pay facility for utility bills.
• Flexipay option to convert transactions of Rs. 2,500 or more into easy monthly installments.
• Balance Transfer on EMI facility to transfer outstanding balances from other bank credit cards at a lower interest rate.
• Annual Fee: Rs. 4,999.
• Renewal Fee: Rs. 4,999.
• Add-on Fee: Nil.
• Usage fee for Priority Pass member lounge after complimentary visits: up to $27 + applicable taxes.
• Convenience Fee for movie tickets is chargeable.

Other Details

• Exclusive Concierge Service: Dedicated assistance for Flower Delivery, Gift Delivery, and Online Doctor Consultation.
  • To avail, call 1800-2121-68168 or email support@sbicardconcierge.com.
• Contactless Advantage: Daily purchases are made easy by simply waving your card at a secure reader. It's fast, convenient, and secure, with a unique security key ensuring only one transaction goes through even if waved multiple times.
• Safe and Secure: The card is chip and PIN enabled, offering enhanced security against counterfeiting and skimming.
• Cash Access Across the World: Withdraw cash from over 1 million Visa or MasterCard ATMs globally.
• Helpline: For assistance, call SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Payment Information: Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
• Important Note: All information is subject to change at the discretion of SBICPSL.