State Bank of India
SBI Elite Credit Card
Data last verified: 11 October 2026
- Joining fee₹4,999 + GST
- Annual fee₹4,999 + GST
- Reward rate0.5% base, up to 2.5% on dining
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- Joining fee₹4,999 + GST
- Annual fee₹4,999 + GST
- Fee waiverOn ₹10 lakh spend a year
- Forex markup1.99%
- Interest (APR)3.75% a month, 45% a year
ELITE earns 10 reward points per Rs 100 on dining, groceries and department stores, about 2.5% back, and 2 points per Rs 100 elsewhere, about 0.5%. The accelerated rate is capped each month, and Metro, Reliance Market and Walmart do not qualify. You get 8 domestic lounge visits and 6 international visits through Priority Pass each year, plus golf, and the card works on UPI.
It costs ₹4,999 a year plus GST and the fee is waived once you spend ₹10 lakh in the year. That is a high bar, so most users should check whether the lounges and low 1.99% forex fee are worth the fee.
It suits high earners who travel abroad and spend heavily on dining and groceries. The catch is the modest 0.5% base rate for a premium card.
Best for: High earners who travel abroad, Big dining and grocery spenders, People who want many lounge visits.
01SBI Elite Credit Card Rewards and Benefits
02SBI Elite Credit Card Annual Fee and Charges
- Joining fee
- ₹4,999 + GST
- Annual fee
- ₹4,999 + GST
- Spend-based waiver
- Annual fee waived on ₹10 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
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on dining and food delivery, earning 2.5%₹125
- ₹15,000 on everything else, earning 0.5%₹75
- Back each month, ₹2,400 a year₹200
- Annual fee with 18% GST−₹5,899
- It costs you each year₹3,499
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
- Dining: 2.5% back, up to ₹2,500 a month
- Groceries: 2.5% back, up to ₹2,500 a month
- Spending ₹83,333 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 ₹83,333 a month (₹10,00,000 a year, rent and wallet loads not counted): the ₹5,899 fee is then charged
- most of your spending is fuel, rent, wallet top-ups or government payments: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on dining or groceries: the 2.5% 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
- ₹4,999 joining and annual fee, waived at ₹10 lakh yearly spend
- 10 reward points per ₹100 on dining, groceries and department stores
- 2 reward points per ₹100 on other spends
- 8 domestic lounge visits a year, 2 per quarter
- 6 international lounge visits a year through Priority Pass
- 1.99% forex markup
- UPI enabled
05Pros and Cons
Pros
- 14 lounge visits a year with no spend target
- Low 1.99% forex fee
- Golf benefits included
Cons
- Only about 0.5% on most spends
- ₹10 lakh waiver is very high
- Some big grocery chains excluded from 10X
06How SBI Elite Credit Card earns Rewards
0.5% base, up to 2.5% on dining.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 0.5% | No cap | The card's normal rate |
| Dining and food delivery | 2.5% | ₹2,500 | All merchants in the categoryTerms: 5X (~2.5% at ₹0.25/point) on dining, grocery and departmental stores. SBI caps accelerated points at 10,000 a calendar month ACROSS all of them together, then drops to 2 RP per ₹100, we apply the cap per category, so a spender who maxes two categories is credited a little high |
| Groceries | 2.5% | ₹2,500, shared with other bonus rates | All grocery and departmental stores except Metro Cash & Carry, Reliance Market and Walmart, which SBI names as ineligible for the accelerated rateTerms: 5X (~2.5%) on grocery and departmental stores, sharing the 10,000-point monthly accelerated cap with dining |
| Travel: flights, hotels, trains | 0.5% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 0.5% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 0.5% | No cap | The card's normal rate |
| School and college fees | 0.5% | No cap | The card's normal rate |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 0.5% | No cap | The card's normal rate |
| Everything else | 0.5% | No cap | The card's normal rate |
Terms on the base rate. 2 RP per ₹100 (~0.5%) base; milestones total 50,000 RP (~₹12,500) across ₹3 lakh/₹4 lakh/₹5 lakh/₹8 lakh
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
07SBI Elite Credit Card 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 visits a year (2 a quarter) + 6 international Priority Pass visits a year (2 a quarter), with a complimentary Priority Pass membership. 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. concierge service, fuel surcharge waiver, hotel membership, insurance cover, airport lounge access, milestone bonuses, movie ticket offers.
- Concierge service: Concierge service for flower and gift delivery and online doctor consultation
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions of ₹500 to ₹4,000, capped at ₹250 per statement cycle
- Hotel membership: Complimentary 1-year Club ITC Silver Tier membership, granted after your first transaction within 60 days of card issuance
- Insurance cover: Credit card fraud liability cover of ₹1 lakh
- Milestone bonuses: 10,000 bonus reward points at ₹3 lakh of annual spend
- Milestone bonuses: A further 10,000 bonus reward points at ₹4 lakh of annual spend
- Milestone bonuses: A further 15,000 bonus reward points at ₹5 lakh of annual spend
- Milestone bonuses: A further 15,000 bonus reward points at ₹8 lakh of annual spend, 50,000 points (~₹12,500) across all four rungs
- Movie ticket offers: ₹500 off per BookMyShow booking, up to ₹6,000 a year, primary cardholder only
08SBI Elite Credit Card Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
09Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 1 Nov 2025 | Reduced: 1% fee on third-party education payments & wallet loadsSource: State Bank of India | No surcharge on education/wallet-load spends | 1% fee on 3rd-party education fees & wallet loads over ₹1,000 |
| 2025 | Reduced: Club Vistara Silver & Trident Privilege memberships discontinuedSource: State Bank of India | Complimentary Club Vistara Silver + Trident Privilege Red memberships | Both memberships withdrawn |
| 1 Dec 2024 | Reduced: Digital gaming spends stop earningSource: State Bank of India | Reward Points earned | No Reward Points on MCC 5816, 7993, 7994 |
| 1 Apr 2024 | Reduced: Reward points removed on rent payments (MCC 6513)Source: State Bank of India | Base RP earned on rent payments | No RP on rent payments (MCC 6513) |
| 15 Nov 2022 | Reduced: Rent-payment processing fee introduced (₹99, later ₹199)Source: State Bank of India | No rent-payment processing fee | ₹99 + GST (raised to ₹199 + GST from 17 Mar 2023) |
See this card's change history → · All card changes in November 2025 →
10Cards Similar to SBI Elite Credit Card
SBI Elite Credit Card is a dining card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | SBI Elite Credit Card |  HSBC Live Plus Credit Card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | ₹4,999 + GST | ₹999 + GST | ₹499 + GST |
| Annual fee | ₹4,999 + GST | ₹999 + GST | ₹499 + GST |
| Rewards | 0.5% base, up to 2.5% on dining | 1.5% base, up to 10% on dining | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | 8 visits a year | 2 visits a year | Not included |
| Forex markup | 1.99% | 1.99% | 3.5% |
| Type | Dining | Dining | Fuel |
11Explore More
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?
Yes, once you spend ₹10 lakh in a year. Below that the fee plus GST is charged.
How many lounge visits do I get?
8 domestic visits, 2 per quarter, and 6 international visits through Priority Pass, up to 2 per quarter.
What is the forex markup?
It is 1.99%, lower than most cards.
Who can apply?
Applicants aged 21 to 65 can apply, subject to SBI Card's checks.
What is the joining fee for the SBI Elite Credit Card?
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 Elite Credit Card?
The annual fee is ₹4,999 + GST.
Does the SBI Elite Credit Card 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.
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Guides in Plain Words
Short reads that explain how it works before you decide.
- GuidesBest Credit Cards Under ₹500 a Year in India (2026)Credit cards with an annual fee of ₹500 or less (before GST) in 2026, ranked by the reward rate each bank states, with fee waivers.Read the guide →
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