SBI Card
SBI Card ELITE
Annual Fee
₹5,899₹4,999 + GSTBase Reward
0.5% points
Foreign Markup
1.99% of the transaction amount
Welcome Benefits
Vouchers Worth ₹5,000 from Yatra, Aditya Birla Fashion, Hush Puppies/Bata, Pantaloons, or Shoppers Stop
Product Highlights
- Gift Voucher worth ₹5,000 as a welcome benefit.
- 2 RPs on every ₹100 spent with the card except on fuel spends.
- 5X RPs on spends on dining, grocery purchases, and departmental stores.
- Up to 50,000 Bonus Reward Points (equivalent to ₹12,500) every year on achieving the stipulated spend milestone.
- Free movie tickets (max benefit capped at ₹6,000 in a year).
- 2 free domestic lounge visits per quarter.
- 6 complimentary international lounge visits in a year (max 2 visits per quarter).
- Exclusive concierge service for assistance regarding online doctor consultation, flower delivery, and gift delivery.
Category Rewards
dining
5X on dining/groceries/dept stores
5X
grocery
5X on dining/groceries/dept stores
5X
Specialty
5X on dining/groceries/dept stores
5X
Fee Waiver
Waived on spends of ₹10 lakh or more
Reward Calculator
Costs you ₹4,399/year
Break-even needs ~₹51,125/month at your reward mix.
₹13K
across all your buckets
6K
SBI Reward Points
₹1.5K
via statement credit · ₹0.25/pt
Effective rate
0.96%
Annual fee
₹5,899
Year 1 net
₹-3,149
incl. welcome
Year 2+ net
₹-4,399
ongoing
Adjust your spend by reward bucket
2 bucketsMilestone Rewards
Bonus rewards unlocked at spend thresholds. Use the slider to see what your spend pattern unlocks.
per year · You spend ≈ ₹6L
₹5,000 Yatra voucher
Additional ₹5,000 Yatra voucher
Annual fee waiver (combined with ₹10L for waiver)
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
1.99%Charged on every international (non-INR) transaction
Dynamic Currency Conversion (DCC) markup
1.99%Charged when a foreign merchant offers to bill you in INR — always decline DCC
Excluded from rewards
fuel, balance transfer, cash advance, emi, utility, insurance, jewelry, education, railways, wallet
Fuel surcharge waiver (good news)
1%on ₹500–₹4,000 fuel txns · capped at ₹250/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
Earn 10 Reward Points per ₹100 spent on Dining, Grocery, and Departmental Stores (~2.5%). Earn 2 Reward Points per ₹100 on All Other Spends (~0.5%).
- 1 Reward Point = ₹0.25 against gift vouchers, cash credit and more.
Benefits & Features
Domestic: 2 complimentary visits to domestic airport lounges every quarter (N/A) International: 6 complimentary visits to international airport lounges per year (max 2 per quarter) (Available via Priority Pass program) Full lounge access description
Pros & Cons
Pros
- Welcome benefits worth ₹5,000.
- 2 domestic lounge visits per quarter.
- 6 complimentary international lounge access in a year.
Cons
- Lower reward rate compared to other cards available.
Additional Info
Accelerated Reward Points capped at 10,000 RPs each calendar month.
Excluded Categories
Partner Merchants
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Fees & Charges
Eligibility
Networks
Fee Waiver
Waived on spends of ₹10 lakh or more