SBI Miles Elite Credit Card
SBI Card
Annual Fee
₹4,999
Joining Fee
₹4,999 + GST
Base Reward
6% points
Foreign Markup
1.99%
Fee Waiver
Annual Fee is Reversed on Spending ₹15 Lakh in a Year
Interest Rate
3.50% per month
Welcome Benefits
5,000 Travel Credits on spending ₹1 lakh within 60 days of card issuance
Product Highlights
- Earn 6 Travel Credits for every ₹200 spent on travel.
- Free Priority Pass membership offered.
Rewards
Earn 6 Travel Credits for every ₹200 spent on travel. Earn 2 Travel Credits for every ₹200 spent on all other purchases.
Redemption
Travel Credits can be converted into Air Miles/Hotel Points, Travel Bookings or redeemed for Catalogue Products.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
travel | 6%(6 Travel Credits for Every ₹200 Spent on Travel) | No cap |
other | 2%(2 Travel Credits for Every ₹200 Spent on All Other Purchases) | No cap |
Benefits & Features
Domestic: 8 Visits Each Year (Maximum 2 Per Quarter) (Free Domestic Airport Lounge Access with additional visits based on spend milestones.) International: 6 Free Visits Each Year (Maximum 2 Per Quarter) (Complimentary Priority Pass membership applicable for 2 years.) Full lounge access description with additional visits based on spending.
Fees & Charges
Eligibility
Available Networks
Pros & Cons
Pros
- For Travel Credit redemption there are many popular airlines and hotel partners.
- Good conversion ratio for Travel Credits.
Cons
- Reward-earning rate is quite inadequate compared to competitors.
- No additional benefits for movies or dining.
Additional Info
Travel Credits earned are valid for a period of two years from the date of accrual.
Excluded Categories