SBI Card ELITE Advantage – Benefits, Fees & Eligibility

Introduction

The SBI Card ELITE is a premium credit card issued by SBI Card, designed for individuals seeking exclusive lifestyle benefits, travel privileges, and a rewarding experience. Its key differentiating features include a substantial welcome e-Gift Voucher, complimentary movie tickets, and a generous bonus reward points program based on annual spending, coupled with extensive lounge access and a low foreign currency markup.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 5,000.
• Choose the e-Gift Voucher from an array of travel and lifestyle brands such as 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.
• Up to 50,000 Bonus Reward Points annually, valued at Rs. 12,500.

Fees

• Joining Fee: 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 annual spends of Rs. 10 lakhs.
• Add-on Card Fee: Nil.
• Foreign Currency Markup: Lowest foreign currency mark-up charge of 1.99% on international usage.
• Fuel Surcharge: 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India. Maximum waiver of Rs. 250 per month, per statement cycle.
• International Lounge Usage Fee: After complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit.

Rewards

• Reward Point 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 per Rs. 100 spent on international transactions.
• Milestone Benefits:
  • Earn up to 50,000 Bonus Reward Points worth Rs. 12,500 per year.
  • Get 10,000 Bonus Reward Points on reaching Rs. 3 lakhs annual spends.
  • Get another 10,000 Bonus Reward Points on reaching Rs. 4 lakhs annual spends.
  • Get 15,000 Bonus Reward Points on reaching Rs. 5 lakhs annual spends.
  • Get another 15,000 Bonus Reward Points on reaching Rs. 8 lakhs annual spends.
  • Annual fee reversal on annual spends of Rs. 10 lakhs.
• Travel Benefits:
  • International Lounge Program: Complimentary membership to the Priority Pass Program worth $99.
  • 6 complimentary international airport lounge visits per calendar year (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.
  • Domestic Lounge Program: 2 complimentary domestic airport lounge visits every quarter.
• Golf Privileges (Mastercard):
  • Enjoy 4 rounds of complimentary green fees access.
  • Up to 50% off on golf games.
  • 1 complimentary lesson per month at selected golf courses across India.
• Dining Benefits (American Express):
  • Enjoy up to 25% discount at more than 500+ restaurants including Castles Barbeque, Yeti – The Himalayan Kitchen, Lord of The Drinks, Laidback Café, and many more.
• Lifestyle Benefits:
  • ITC Silver Tier Membership: Complimentary 1-year Club ITC Silver Tier Membership. Cardholders are eligible after their first transaction within 60 days of card issuance.
  • Exclusive Concierge Service: Dedicated assistance on flower delivery, gift delivery, and online doctor consultation.
• Entertainment: Free movie tickets worth Rs. 6,000 every year.
• Shopping (American Express): Get up to Rs. 600 instant discount at Swiggy, Zomato, and Blinkit.

Rewards Redemption Guide

• Pay your outstanding card bill using Reward Points, where 4 Reward Points = Re. 1.
• For movie ticket redemption, details are available via a provided link to BookMyShow.

Important Product Details

• Positive Highlights:
  • Generous welcome benefits including a Rs. 5,000 e-Gift Voucher and Rs. 6,000 worth of movie tickets annually.
  • Significant milestone benefits offering up to 50,000 bonus reward points.
  • Annual fee waiver on achieving Rs. 10 lakhs in annual spends.
  • Complimentary international (6 visits/year) and domestic (2 visits/quarter) airport lounge access.
  • Lowest foreign currency markup at 1.99%.
  • Accelerated reward points on dining, departmental stores, and grocery spends (5X).
  • 1% fuel surcharge waiver.
  • Complimentary 1-year Club ITC Silver Tier Membership.
  • Exclusive concierge service for various needs.
  • Complimentary credit card fraud liability cover of Rs. 1 lakh.
  • Global acceptance across 24 million outlets.
  • Contactless payment facility for ease and security.
  • Add-on cards available for family members above 18 years.
  • Chip and PIN enabled for enhanced security.
  • Network-specific privileges including golf benefits (Mastercard) and dining/shopping discounts (American Express).
• Negative Highlights:
  • Annual and renewal fees of Rs. 4,999 + taxes apply if spend-based waiver criteria are not met.
  • A usage fee of $27 + applicable taxes is charged for international lounge visits beyond the complimentary quota.
  • Priority Pass membership is valid for 2 years only.

Other Details

• Contactless Advantage: Tap & Pay for fast, convenient, and secure transactions, reducing the risk of loss or fraud.
• Global Acceptance: Accepted in over 24 million outlets globally, including 3,25,000 in India. Cash withdrawal from over 1 million Visa, Mastercard, and American Express ATMs worldwide.
• Fraud Liability Cover: Complimentary credit card fraud liability cover of Rs. 1 lakh, applicable from 48 hours before reporting the loss up to 7 days after reporting.
• Add-on Cards: Available for parents, spouse, children, or siblings above the age of 18.
• 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.
• Balance Transfer on EMI: Transfer outstanding balances of other banks’ credit cards to SBI Card ELITE at a lower interest rate and repay in easy EMIs.
• Flexipay: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• A secured card variant 'Advantage' is also available.
• All benefits and features are subject to detailed Terms & Conditions.