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SBI Card ELITE Advantage VS Standard Chartered Ultimate Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

SBI Card ELITE Advantage
SBI Card ELITE Advantage
Standard Chartered Ultimate Credit Card
Standard Chartered Ultimate Credit Card

Fees & Charges

Joining Fee
₹4,999 + GST
₹5,000 + GST
Renewal Fee
₹4,999 + GST
₹5,000 + GST
Spend Based Waiver
Annual Fee reversal on achieving annual spends of Rs. 10 Lakhs.
Foreign Transaction Fees
Lowest Foreign Currency Mark-up Charge of 1.99% on International usage.
2% on all foreign currency transactions, effective from August 25, 2024.
Interest Rate (APR)
Not Applicable
3.75% per month or 45% annually.

Rewards & Benefits

Welcome Bonus
Welcome e-Gift Voucher worth Rs. 5,000 from top travel and lifestyle brands.
Earn 6,000 Reward Points upon payment of the joining fee, redeemable for shopping vouchers or charity.
Rewards Rate
5X Reward Points on Dining, Departmental/Grocery spends; 2 RP per Rs. 100 on all other spends.
Earn 5 Reward Points on every INR 150 spent on retail purchases; 3 RPs on Utilities, Supermarkets, etc.
Reward Type
Reward Points
Reward Points & Cashback
Reward Redemption Fee
Convenience Fee chargeable for complimentary movie tickets.
Rs. 99

Travel & Lifestyle

Domestic Lounge Access
2 complimentary Domestic Airport Lounge visits every quarter in India.
Enjoy 4 complimentary accesses per calendar quarter at domestic lounges in India using your Ultimate Credit Card.
International Lounge Access
6 complimentary International Airport Lounge visits per year (max 2 per quarter).
Get 1 complimentary access per month at international lounges with Priority Pass, subject to INR 20,000 spend.
Travel Benefits
6 intl. & 8 dom. lounge visits annually. Savings on Hertz/Avis, benefits at 900 luxury hotels.
Complimentary Priority Pass membership for 1000+ airport lounges worldwide. Comprehensive travel insurance coverage.
Movie Benefits
Free Movie Tickets worth Rs. 6,000 annually (max Rs. 250/ticket for 2 tickets per month).
Dining Benefits
Earn 5X Reward Points on Dining, Departmental stores, and Grocery Spends.
Golf Benefits
4 complimentary green fees, up to 50% off on games, 1 complimentary lesson per month.
1 complimentary golf game and 1 coaching session every month at selected domestic golf courses.
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-4000), max Rs. 250 per month.
1% fuel surcharge waiver at all petrol pumps across India, capped at a maximum of Rs. 1,000 per month.

Security & Other

Insurance Benefits
Complimentary credit card fraud liability cover of Rs. 1 lakh.
Complimentary overseas air accident cover of INR 1 Crore & medical insurance worth USD 25,000.
Cash Advance Charges
Not Applicable
3% of the transacted amount, subject to a minimum fee of Rs. 300.
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

SBI Card ELITE Advantage

Standard Chartered Ultimate Credit Card

Who is it for?

The SBI Card ELITE Advantage is a premium lifestyle credit card offering exclusive privileges across travel, movies, dining, and rewards. It provides a valuable welcome e-Gift Voucher, complimentary movie tickets, accelerated reward points on specific spends, and extensive lounge access both domestically and internationally. With a low foreign currency markup and milestone-based bonus rewards, it's ideal for individuals seeking a comprehensive rewards program and luxury benefits.

Who is it for?

The Standard Chartered Ultimate Credit Card is a premium offering tailored for High Net-worth Individuals who frequently travel and seek a luxurious lifestyle. It provides a high reward rate of 5 points per INR 150 spent, where 1 reward point equals INR 1, along with a reduced foreign currency markup of 2%. Cardholders enjoy extensive travel benefits, including complimentary lounge access, 5% cashback on duty-free purchases, and exclusive lifestyle perks like golf sessions and comprehensive insurance coverage. This card is ideal for those desiring top-tier benefits despite its high annual fees.

Pros

Key benefits and features.

Receive a valuable welcome e-Gift Voucher worth Rs. 5,000 from top lifestyle brands.

Enjoy free movie tickets worth Rs. 6,000 annually, making entertainment more affordable.

Earn accelerated rewards with 5X points on dining, departmental stores, and groceries.

Benefit from extensive lounge access, including 6 international and 8 domestic visits annually.

Experience a low foreign currency markup of 1.99%, ideal for international transactions.

Pros

Key benefits and features.

Enjoy 16 complimentary domestic lounge accesses annually, offering great travel convenience.

Benefit from complimentary Priority Pass membership for international lounge access worldwide.

Get 5% cashback on duty-free purchases at airports, capped at ₹1,000 monthly.

Includes a substantial overseas air accident cover of INR 1 Crore for peace of mind.

Access premium lifestyle perks with complimentary golf games and coaching sessions monthly.

Cons

Key drawbacks and limitations.

The annual fee of Rs. 4,999 is quite substantial, potentially a barrier for some users.

Achieving the annual fee waiver requires a high spend of Rs. 10 Lakhs, which is challenging.

A convenience fee is charged for complimentary movie tickets, slightly diminishing their benefit.

International lounge access is capped at 2 visits per quarter, which might be restrictive for frequent flyers.

Cons

Key drawbacks and limitations.

The card comes with a high joining and renewal fee of INR 5,000 plus GST annually.

Redemption options are limited, often catering to high-end brands, with a potentially lower effective value.

Reduced reward points on essential categories like utilities and supermarkets, and no points on fuel.

A 1% processing fee plus taxes is now charged on all rental payment transactions.

Lacks explicit spend-based milestone benefits beyond the annual renewal reward points.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.