The SBI ELITE Credit Card is SBI Card’s premium lifestyle card. For ₹4,999 + GST a year, offset in year one by a ₹5,000 welcome e-voucher, you get 2 free movie tickets every month, 8 domestic and 6 international lounge visits, a low 1.99% forex markup and up to 50,000 bonus points a year on milestones.
Key benefits
| Benefit | Details |
|---|---|
| Welcome gift | ₹5,000 e-voucher |
| Movies | 2 free BookMyShow tickets every month (~₹6,000 a year) |
| Domestic lounges | 8 visits a year, 2 per quarter |
| International lounges | 6 visits a year + Priority Pass for the first 2 years |
| Forex markup | 1.99% on international usage |
| Milestone bonus | Up to 50,000 reward points a year (~₹12,500) |
| Concierge | Concierge and premium customer support |
| Fuel | 1% surcharge waiver on ₹500–₹4,000, up to ₹250 a month |
Does the fee pay for itself?
In the first year, the ₹5,000 voucher covers the fee almost exactly, so everything else is a bonus. From year two, the maths depends on usage. If you use both movie tickets every month (about ₹6,000 a year) and a handful of lounge visits, you already get more than the ₹4,999 fee back, before counting any milestone points.
If you reach the spend milestones, the up to 50,000 bonus points, worth about ₹12,500, push the value well beyond the fee. And at ₹10 lakh of annual spend, the renewal fee is waived altogether.
For international travellers
Every card adds a foreign currency markup when you pay in another currency, abroad or on international websites. ELITE keeps this at 1.99%, which SBI describes as its lowest. On ₹1 lakh of overseas spending, the markup comes to ₹1,990 plus GST. Combined with 6 international lounge visits and two years of Priority Pass, that makes ELITE a sensible card to carry on foreign trips.
Tips to get the most from ELITE
- Book your two BookMyShow tickets every month; unused months are value lost.
- Track lounge visits per quarter, since domestic access is limited to 2 per quarter.
- Plan large purchases to hit the spend milestones that unlock bonus points.
- Use the ₹5,000 welcome e-voucher early so it doesn’t lapse.
Note: the scraped offer does not list the regular reward rate on everyday spends, so check SBI Card’s current terms if base earn rate matters to you.
Fees and charges
| Joining fee | ₹4,999 + GST (covered by ₹5,000 welcome voucher) |
|---|---|
| Annual fee | ₹4,999 + GST from the second year |
| Renewal fee waiver | Spend ₹10,00,000 or more in the previous year |
| Forex markup | 1.99% |
Eligibility
| Age | 21 to 65 years |
|---|---|
| Employment | Salaried or self-employed |
| Minimum income | ₹60,000 a month (salaried) |
| Income (self-employed) | ₹7,20,000 a year |
| Credit score | 750+ with no delayed payments in the last 12 months |
| First credit card? | Not allowed |
Documents you will need
- Identity: PAN card (or Form 60)
- Address: Aadhaar, passport or a recent utility bill
- Income: latest salary slips or bank statements
- Photo: a recent passport-size photograph
How to apply
- Tap Apply on SBI Card site on this page to open SBI Card’s secure application.
- Fill in the form in the same session with your Aadhaar-linked mobile number, keeping your PAN handy.
- Complete e-KYC or video KYC from your current address when asked.
- Once your card arrives, activate it with a first transaction within 30 days.
Who should get it, and who shouldn’t
Get it if you go to the movies regularly, travel a few times a year including abroad, and spend enough to chase the milestones.
Skip it if you rarely use lounges or BookMyShow. Without those perks, ₹4,999 a year is hard to justify, and SBI PRIME gives similar everyday value for less.
