Premium lifestyle
SBI Card ELITE Credit Card
A premium SBI card with a ₹5,000 welcome voucher, movie discounts, lounge access in India and abroad, a low 1.99% forex markup and up to 50,000 bonus points a year.
Joining fee₹4,999 + GST
Annual fee₹4,999 + GST
Fee waiverOn ₹10 lakh spend a year
Top reward5X on dining and groceries
Lounge8 domestic + 6 international
Forex markup1.99%
Best for: People who spend ₹40,000+ a month, watch movies often and travel abroad occasionally.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| Dining, groceries, department stores | 10 points per ₹100 (about 2.5%) | 10,000 bonus points a month |
| Other spends | 2 points per ₹100 (about 0.5%) | – |
| Fuel, rent, government, wallet loads, gaming, EMI | Nothing | – |
- 1 point = ₹0.25.
Benefits
Welcome benefit
- ₹5,000 e-gift voucher after paying the joining fee.
Milestones
- 10,000 points at ₹3 lakh, another 10,000 at ₹4 lakh, 15,000 at ₹5 lakh and 15,000 at ₹8 lakh yearly spend (₹12,500 in total).
Travel and lounges
- 8 domestic lounge visits a year (2 a quarter).
- 6 international visits a year with Priority Pass.
- Club ITC Silver membership.
Fuel and forex
- Forex markup 1.99%.
- 1% fuel surcharge waiver on ₹500 to ₹4,000, up to ₹250 a cycle.
Other perks
- ₹500 off on BookMyShow bookings, up to ₹6,000 a year
- 24×7 concierge
- Fraud liability cover of ₹1 lakh
Fees and charges
| Joining fee | ₹4,999 + GST (₹5,899) |
|---|---|
| Annual fee | ₹4,999 + GST, waived on ₹10 lakh yearly spend |
| Interest | 3.75% a month |
| Forex markup | 1.99% |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Salaried or self-employed with a high income (around ₹1 to ₹2 lakh a month)
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- Welcome voucher matches the fee
- Low forex markup
- Strong milestone bonuses
Watch out for
- Base reward rate is low
- ₹10 lakh needed to waive the fee
- Movie offer is a discount, not free tickets
Recent changes
- 1 Nov 20251% fees added on third-party education payments and wallet loads over ₹1,000.
- 2025Club Vistara and Trident memberships replaced by Club ITC Silver.
Frequently asked questions
Does SBI Elite give free movie tickets?
It gives ₹500 off each BookMyShow booking, up to ₹6,000 a year.
Ready to apply for the SBI Card ELITE Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
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Sources: CardAdvisor. Details checked on 22 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.