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SBI Card Miles Elite

State Bank of India

SBI Card Miles Elite

Data last verified: 11 October 2026

TravelMASTERCARDPriority Pass
  • Joining fee₹4,999 + GST
  • Annual fee₹4,999 + GST
  • Reward rate0.5% base, up to 1.5% on travel
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  • Joining fee₹4,999 + GST
  • Annual fee₹4,999 + GST
  • Fee waiverOn ₹15 lakh spend a year
  • Forex markup1.99%
  • Interest (APR)3.75% a month, 45% a year
  • Fuel surcharge waiver1%
  • Fuel waiver cap₹500 a month

The Miles Elite earns 6 travel credits per Rs 200 on travel and 2 per Rs 200 on other spends, roughly 1.5% and 0.5% in value. New cardholders get 5,000 credits after spending Rs 1 lakh in the first 60 days. It is also UPI enabled.

The fee is ₹4,999 a year and is waived only at Rs 15 lakh of annual spend. Very few people will reach that, so treat the fee as a cost. The lounge access and a 1.99% forex markup are what make it worth paying for someone who travels abroad.

It suits frequent flyers who spend a lot on flights and hotels and travel overseas a few times a year. The catch is the low return on everyday spends. For a person who flies once or twice a year, the fee will outweigh the benefits.

Best for: Frequent domestic and international flyers, High spenders on travel, People who pay in foreign currency often.

01SBI Card Miles Elite Rewards and Benefits

Rewards rate
0.5% base, up to 1.5% on travel
Fee waived on
₹15 lakh spend a year
Reward redemption
Not published
Dining
0.5% back (the normal rate)
Travel
1.5% back
Golf
Not included
Domestic lounge
8 visits a year
International lounge
6 visits a year
Insurance benefits
Not included

02SBI Card Miles Elite Annual Fee and Charges

Joining fee
₹4,999 + GST
Annual fee
₹4,999 + GST
Spend-based waiver
Annual fee waived on ₹15 lakh spend in a year (rent and wallet loads not counted)
Rewards redemption fee
Nil
Forex markup
1.99%
Interest rate
3.75% a month (45% a year)
Fuel surcharge waiver
Yes, up to ₹500 a month
Card replacement
Not published

03What It's Worth, in Rupees

If you spend ₹20,000 a month on this card:

  • ₹5,000 on travel: flights, hotels, trains, earning 1.5%₹75
  • ₹15,000 on everything else, earning 0.5%₹75
  • Back each month, ₹1,800 a year₹150
  • Annual fee with 18% GST−₹5,899
  • It costs you each year₹4,099

Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.

Good for

  • Travel: 1.5% back
  • Spending ₹1,25,000 or more a month: the ₹5,899 fee is waived
  • Flyers: 14 airport lounge visits a year
  • Spending abroad: 1.99% markup, most cards add 3.5%

Skip it if…

  • you spend less than ₹1,25,000 a month (₹15,00,000 a year, rent and wallet loads not counted): the ₹5,899 fee is then charged
  • most of your spending is fuel, utility bills, rent or insurance: those earn nothing on this card
  • you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
  • you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
  • you rarely spend on travel: the 1.5% rate applies only there, everything else earns 0.5%
  • you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward

04Product Details

  • Joining and annual fee: ₹4,999
  • Fee waived on ₹15 lakh spend in a year
  • 6 travel credits per ₹200 on travel, 2 per ₹200 on other spends
  • 5,000 welcome credits on ₹1 lakh spend in 60 days
  • 8 domestic and 6 international lounge visits a year with Priority Pass
  • Forex markup: 1.99%
  • UPI enabled

05Pros and Cons

Pros

  • Triple credits on travel spends
  • 14 airport lounge visits a year including international
  • Low 1.99% forex markup
  • UPI enabled

Cons

  • ₹15 lakh spend needed for a fee waiver
  • About 0.5% back on everyday spends
  • Best value only if you redeem credits for travel

06How SBI Card Miles Elite earns Rewards

0.5% base, up to 1.5% on travel.

Earns nothing onFuelWallet loadsRentEducationUtility billsInsuranceCash withdrawalsEMI

Spend categoryRateMonthly capWhere it applies
UPI payments (scan and pay)Earns nothing-a Visa or Mastercard card cannot pay by UPI
Online shopping0.5%No capThe card's normal rate
Dining and food delivery0.5%No capThe card's normal rate
Groceries0.5%No capThe card's normal rate
Travel: flights, hotels, trains1.5%No capAll merchants in the categoryTerms: 6 Travel Credits per ₹200 on travel spends (~1.5% at our 50-paisa default; ~3% only if you transfer at a good 1:1 ratio). Convert to Air Miles/Hotel Points at up to 1:1, travel bookings at ₹0.50, catalogue at ₹0.25.
FuelEarns nothing-earns nothing on this card
Bills and rechargesEarns nothing-earns nothing on this card
RentEarns nothing-earns nothing on this card
Insurance premiumsEarns nothing-earns nothing on this card
School and college feesEarns nothing-earns nothing on this card
Wallet top-upsEarns nothing-earns nothing on this card
Taxes and government paymentsNot stated-the card's terms state no rate here; many cards pay nothing on these
Spend abroad or in a foreign currency0.5%No capThe card's normal rate
Everything else0.5%No capThe card's normal rate

Listed underTravel cardsPremium cards

CardAdvisor tagsTravelAirline miles

Terms on the base rate. 2 Travel Credits per ₹200 on all other spends (~0.50% at our 50-paisa default; ~1% only if you transfer at a good 1:1 ratio). Transfer to airline & hotel partners at up to 1 Travel Credit = ₹1.

Point value. 1 point is worth about ₹0.5 at the bank's stated value.

07SBI Card Miles Elite Lounge Access and Travel

Domestic lounge access is 8 visits a year, international is 6 visits a year, through Priority Pass with Priority Pass. 8 domestic airport lounge visits/year (max 2/quarter) plus Priority Pass with 6 international visits/year. 1 extra domestic visit per ₹1 lakh spend, capped at 15/year. Priority Pass free for first 2 years. Spending abroad carries a 1.99% forex markup; rewards on it: 0.5% back (the normal rate). See what it costs on your trip

Also on the card. fuel surcharge waiver, insurance cover, airport lounge access, milestone bonuses.

  • Fuel surcharge waiver: 1% fuel surcharge waiver on transactions of ₹500 to ₹3,000 at all petrol pumps, capped at ₹500 per statement cycle. Fuel spends still earn no Travel Credits
  • Insurance cover: Air accident cover up to ₹1 crore, lost card liability up to ₹1 lakh, up to 6 flight cancellations a year (₹3,500 each), check-in baggage loss up to ₹72,000, delay ₹7,500, travel documents ₹12,500.
  • Milestone bonuses: 20,000 bonus Travel Credits on annual spends of ₹12 lakh. Annual fee reversed on spends of ₹15 lakh in a membership year.

08SBI Card Miles Elite Eligibility and Documents

Age
21 to 70 years
Employment
Salaried or self-employed

Documents. PAN card Aadhaar / address proof Income proof (salary slips or ITR) Recent passport-size photograph

09Recent Changes

What State Bank of India changed on this card recently. The facts on this page already reflect them.

DateChangeBeforeNow
23 Sept 2026Reduced: Air France-KLM Flying Blue removed as a transfer partnerSource: State Bank of IndiaFlying Blue at 1:1; 17 airline partners + 8 hotel partners (25 total)Flying Blue removed; 16 airline partners + 8 hotel partners (24 total)
13 Aug 2026Reduced: Etihad Guest removed as a transfer partnerSource: State Bank of IndiaEtihad Guest at 1:1; 18 airline partners + 8 hotel partners (26 total)Etihad Guest removed; 17 airline partners + 8 hotel partners (25 total)
15 Jul 2025Reduced: Air accident cover reported withdrawn, SBI still publishes it on this cardSource: State Bank of India₹1 crore complimentary coverReported withdrawn; SBI's live product page still lists it
23 Apr 2024Changed: SBI Card Miles Elite launchedSource: State Bank of India--

See this card's change history → · All card changes in September 2026 →

10Cards Similar to SBI Card Miles Elite

SBI Card Miles Elite is a travel card. The two below are the closest on SkyloFin; open any of them, or put them side by side.

FeatureSBI Card Miles EliteSBI Card Miles EliteFederal Scapia Credit cardFederal Scapia Credit cardIDFC FIRST Millennia Credit CardIDFC FIRST Millennia Credit Card
Joining fee₹4,999 + GSTLifetime freeLifetime free
Annual fee₹4,999 + GSTLifetime freeLifetime free
Rewards0.5% base, up to 1.5% on travel2% on most spends; 4% only at partner merchants0.38% base, up to 1.25% on dining
Domestic lounge8 visits a yearUnlimitedNot included
Forex markup1.99%0%0%
TypeTravelTravelDining
Compare with Federal Scapia Credit cardCompare with IDFC FIRST Millennia Credit Card

11Explore More

All State Bank of India productsEvery card, loan and account from State Bank of India on SkyloFinTravel credit cardsEvery travel card, comparedAll credit cardsFilter by issuer, category and feeRewards calculatorWhat this card would earn on your spendingInterest calculatorWhat carrying a balance really costsTrack this card in SkyloFin - Expense TrackerStatements and due dates from your bank SMS, on your phone

Card facts last verified 11 October 2026.

Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

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Common Questions

Is the ₹4,999 fee waived?

Only if you spend ₹15 lakh in a year. Below that the fee is charged.

How many lounge visits are included?

8 domestic and 6 international visits a year, with a Priority Pass membership.

What is the forex markup?

1.99% on foreign currency spends, lower than most cards.

What is the joining fee for the SBI Card Miles Elite?

The joining fee is ₹4,999 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.

What is the annual fee for the SBI Card Miles Elite?

The annual fee is ₹4,999 + GST.

Does the SBI Card Miles Elite give airport lounge access?

Yes. Domestic lounge access is 8 visits a year, international is 6 visits a year, through Priority Pass with Priority Pass. Check the bank's page for the current rules, because lounge programmes change.

Does applying through SkyloFin cost more?

No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.

SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.

SBI Card Miles EliteJoining fee: ₹4,999 + GST
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