The SBI Elite Credit Card: A Deep Dive into Premium Benefits and Features
SBI Elite Card is the second most premium card that provides value-added privileges, including complimentary domestic and international airport lounge visits, shopping vouchers, hotel bookings at discounted rates, free movie tickets, and many more. Let us first know why one should consider an SBI Elite card.
Why Should You Get an SBI Elite Credit Card?
You should consider getting this card if you are:
- A heavy spender and are considering an all-rounder card, irrespective of high annual fees.
- A frequent traveller, as it offers decent benefits in terms of hotel rewards.
- If you want to earn great reward points on hotel and flight bookings.
- If you put most of your expenses on a credit card, this card can be considered.
- If you go to watch movies and dine frequently.
- You prefer luxury hotel stays.
Features and Benefits
Mentioned below are the features and benefits of SBI Elite Credit Card:
- Get an e-gift voucher worth INR 5000 from brands like Hush Puppies, Yatra, Bata, Aditya Birla Fashion, Shoppers Stop, Pantaloons, etc.
- Get a free Silver tier membership of Club Vistara.
- Get exciting benefits across 900 hotels.
- Get 4 free green fee rounds, a 50% discount on all golf games and 1 free golf training class every month all across India.
- Get complimentary movie tickets for a maximum of up to INR 6000 and INR 250 per ticket.
- Get dining offers up to a maximum of 25% at partner restaurants in the case of the Amex variant.
- Get a waiver of 1% on fuel surcharge across all petrol pumps, a maximum of up to INR 250 per month per statement cycle.
- Get a waiver of annual fees of INR 4999 on annual spending of INR 10 lakh or more in the preceding financial year.
- The cardholders will get the benefit of access to SBI Credit Card Airport Lounge Access as mentioned below.
| Domestic Lounge Program | Get 2 complimentary domestic airport lounge visits to India each quarter. |
| International Lounge Program | Get a complimentary membership worth $99 to the Priority Pass ProgramGet 6 complimentary airport lounge visits per calendar year outside India ( max. 2 visits per quarter)Access over 1,000 Airport Lounges worldwide |
How to Redeem Reward Points?
Mentioned are the steps to redeem the reward points:
- Log in to www.sbicard.com
- Redeem the points against multiple categories like shopping, gift vouchers, etc.
- Also, the SBI mobile app can be used for the same.
- 1 Reward point = INR 0.25, i.e. 4 reward points= INR 1
Fees and Charges
Mentioned below are the fees and charges to apply for SBI Elite Credit Card:
| Fees / Charges | Amount |
| Annual Fee | INR 4,999 |
| Renewal Fee | INR 4,999 |
| Finance Charges | up to 3.50% per month i.e.42% per annum |
| Late Payment Fee | For INR 0 – INR 500 = NilFor Total Amounts due above INR 500 and up to INR 1000 = INR 400For Total Amounts due above INR 1000 and up to INR 10,000 = INR 750For Total Amounts due above INR 10.000 and up to INR 25,000 = INR 950For Total Amounts due above INR 25,000 and up to INR 50,000 = INR 1100For a Total Amount due greater than INR 50,000 = INR 1300 |
Eligibility Criteria
Mentioned below are the eligibility parameters to apply for SBI Elite Credit Card:
- An applicant should be either a salaried or self-employed individual.
- In the case of a salaried applicant, the minimum age to apply is 18 years.
- In the case of a salaried applicant, the maximum age to apply is 65 years.
- In the case of salaried applicants, the minimum income of an applicant shall be INR 60,000 per month or more.
- In the case of a self-employed applicant, the minimum age to apply is 21 years.
- In the case of a self-employed applicant, the maximum age to apply is 60 years.
- In the case of self-employed applicants, the minimum income of an applicant as per ITR shall be INR 60,000 per month or more.
Documentation Required
Mentioned below is the list of documents required to apply for SBI Elite Credit Card:
| Identity Proof | PAN CardDriver’s LicenseOverseas Citizen of India CardAadhaar cardVoter’s IDJob card issued by NREGAPerson of Indian Origin CardPassportLetters issued by the UIDAIAny other government-approved photo ID proof |
| Address Proof | Aadhaar cardPassportRation CardPerson of Indian Origin CardJob card issued by NREGAProperty Registration DocumentBank Account StatementAny other government-approved address proofUtility Bills Driver’s License |
| Income Proof | Latest one or 2 salary slipsLast 3 months’ bank statementThe Latest Form 16 |
How to Apply for an SBI Elite Credit Card?
Mentioned below are the different ways to apply for SBI Elite Credit Card:
- Offline Mode:
- Visit any nearest branch of SBI.
- Request for SBI credit card application form from the branch executive.
- Fill out the form and submit the same along with the documents required.
- Online Mode:
- Launch the official website of SBI Card at https://www.sbicard.com/.
- Under the tab “Apply”, click the Apply Now option.
- Then, the list of all the SBI cards will be displayed on the screen.
- Choose the SBI Elite Credit Card option and press the Apply Now option.
- At the end, fill in all the information like mobile number, date of birth, etc.
- An OTP will then be received on your mobile number; provide the same.
- Also, provide details like PAN Number, email ID, address, and monthly income.
- At last, submit the application.
Steps to Activate SBI Elite Credit Card
Mentioned below are the different options to activate and generate the PIN of the SBI Elite Credit Card:
- Visit your nearest ATM. On the main menu, press the option “Generate PIN using OTP”.
- Another way is to get your Internet banking activated by logging in. Click “Credit Card Activation or Pin generation”.
- Also, you can contact customer care and ask them to assist you in getting the card activated.
Steps to Register SBI Elite Credit Card for Internet Banking
Mentioned below are the steps to register SBI Elite Credit Card for Internet banking:
- Launch the official website of the SBI card.
- Under “Login”, click “New User? Register Now”.
- Provide the credit card number, date of birth, CVV, etc.
- An OTP will then be received on your registered mobile number for verification purposes.
- Enter your OTP and click “Proceed”.
- Your credit card will then be registered successfully for internet banking.
