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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.
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Last updated: 21 July 2026

Both SBI Card ELITE Advantage and Standard Chartered Ultimate Credit Card suit travel-focused spenders, but they earn and cost differently. SBI Card ELITE Advantage costs ₹4,999 + GST and earns 5X Reward Points on Dining, Departmental/Grocery spends; 2 RP per Rs. 100 on all other spends. Standard Chartered Ultimate Credit Card costs ₹5,000 + GST and earns 5 Reward Points on every INR 150 spent on retail purchases; 3 RPs on Utilities, Supermarkets, etc. SBI Card ELITE Advantage also brings 2 complimentary Domestic Airport Lounge visits every quarter in India, while Standard Chartered Ultimate Credit Card counters with enjoy 4 complimentary accesses per calendar quarter at domestic lounges in India using your Ultimate Credit Card. Weigh the fee against the reward rate above to see which fits your spending pattern better.

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
Joining Fee₹5,000 + GST
Renewal Fee₹4,999 + GST
Renewal Fee₹5,000 + GST
Spend Based WaiverAnnual fee reversal on annual spends of Rs. 10 lakhs.
Spend Based Waiver
Foreign Transaction FeesLowest foreign currency mark-up charge of 1.99% on international usage.
Foreign Transaction Fees2% on all foreign currency transactions, effective from August 25, 2024.
Interest Rate (APR)
Interest Rate (APR)3.75% per month or 45% annually.

Rewards & Benefits

Welcome BonusRs. 5,000 e-Gift Voucher, Rs. 6,000 movie tickets annually, and up to 50,000 bonus reward points.
Welcome BonusEarn 6,000 Reward Points upon payment of the joining fee, redeemable for shopping vouchers or charity.
Rewards Rate5X Reward Points on dining, departmental stores, and grocery. 2 Reward Points per Rs. 100 on other spends.
Rewards RateEarn 5 Reward Points on every INR 150 spent on retail purchases; 3 RPs on Utilities, Supermarkets, etc.
Reward TypeReward Points
Reward TypeReward Points, Cashback
Reward Redemption Fee
Reward Redemption FeeRs. 99

Travel & Lifestyle

Domestic Lounge Access2 complimentary domestic airport lounge visits every quarter.
Domestic Lounge AccessEnjoy 4 complimentary accesses per calendar quarter at domestic lounges in India using your Ultimate Credit Card.
International Lounge Access6 complimentary international airport lounge visits per calendar year (max 2 per quarter).
International Lounge AccessGet 1 complimentary access per month at international lounges with Priority Pass, subject to INR 20,000 spend.
Travel BenefitsComplimentary Priority Pass, 6 international & 2 domestic lounge visits quarterly. Low 1.99% forex markup.
Travel BenefitsComplimentary Priority Pass membership for 1000+ airport lounges worldwide. Comprehensive travel insurance coverage.
Movie BenefitsFree movie tickets worth Rs. 6,000 every year, valid on primary cards only.
Movie Benefits
Dining Benefits5X Reward Points on dining. Up to 25% discount at 500+ restaurants.
Dining Benefits
Golf Benefits4 complimentary green fees access, up to 50% off on games, 1 complimentary lesson per month.
Golf Benefits1 complimentary golf game and 1 coaching session every month at selected domestic golf courses.
Fuel Surcharge Waiver1% fuel surcharge waiver on transactions between Rs. 500-Rs. 4,000. Max waiver Rs. 250/month.
Fuel Surcharge Waiver1% fuel surcharge waiver at all petrol pumps across India, capped at a maximum of Rs. 1,000 per month.

Security & Other

Insurance BenefitsComplimentary credit card fraud liability cover of Rs. 1 lakh.
Insurance BenefitsComplimentary overseas air accident cover of INR 1 Crore & medical insurance worth USD 25,000.
Cash Advance Charges
Cash Advance Charges3% of the transacted amount, subject to a minimum fee of Rs. 300.
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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 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.

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.

Generous welcome benefits including a Rs. 5,000 e-Gift Voucher and Rs. 6,000 movie tickets.

Significant milestone benefits offering up to 50,000 bonus reward points annually.

Complimentary international (6 visits) and domestic (2 visits/quarter) airport lounge access.

Lowest foreign currency markup at 1.99% makes international spends more economical.

Accelerated 5X reward points on dining, departmental stores, and grocery spends.

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.

Annual and renewal fees of Rs. 4,999 + taxes apply if spend-based waiver criteria are not met.

A usage fee of $27 + taxes is charged for international lounge visits beyond complimentary quota.

Priority Pass membership is valid for 2 years only, requiring re-evaluation thereafter.

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.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for SBI Card ELITE Advantage(opens in new tab)Apply for Standard Chartered Ultimate Credit Card(opens in new tab)