Credit Cards · Honest Review
SBI Card Elite
State Bank of India · Visa
Your Verdict
- ✓5,000 welcome e-vouchers largely offset the first-year fee
- ✓5X reward points on dining, grocery and departmental store purchases
- ✓Movie tickets worth 6,000 per year
- ✓Complimentary domestic and international lounge access
- ✓Low 1.99% forex markup for a non-travel-focused premium card
What SBI Card Elite costs you
SBI Card Elite carries a ₹4,999 annual fee and a ₹4,999 one-time joining fee. The annual fee is waivable: Spend 10 lakh in a year.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | ₹4,999 |
| Joining fee (one-time) | ₹4,999 |
| Fee waiver condition | Spend 10 lakh in a year |
| Spend required for waiver | ₹10,00,000 / year |
| Foreign transaction fee (forex markup) | 1.99% per transaction |
What you earn on every rupee spent
SBI Card Elite earns 0.50% on all eligible spends as a base reward rate, with accelerated rates on dining & food, groceries and other bonus categories listed below. Each reward point is worth ₹0.25 when redeemed, giving a clear rupee value for your earnings.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 0.50% |
| 🍽️ Dining & Food | 2.5% |
| 🛒 Groceries | 2.5% |
5,000 worth of e-gift vouchers from Yatra, Bata/Hush Puppies, Pantaloons, Shoppers Stop and Marks & Spencer
Reward types: Points · Lounge · Discounts
Beyond the reward rate
The non-reward benefits on SBI Card Elite are meaningful for frequent users. Here is what you get with the card.
Who can apply for SBI Card Elite
SBI Card Elite requires a minimum net monthly income of ₹1,00,000 for salaried applicants and a CIBIL score of 750 or above. It is open to salaried employees and self-employed professionals.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹1,00,000 |
| CIBIL score | 750+ (good to excellent) |
| Age range | 21–70 years |
| Employment type | Salaried, Self-employed |
| Typical approval time | 7-10 working days |
Premium card targeted at high-income salaried and self-employed applicants.
Who should (and shouldn't) get SBI Card Elite
- → Heavy spenders on dining & food who want 2.5% back
- → Heavy spenders on groceries who want 2.5% back
- → Frequent travelers who value airport lounge access
- → International spenders benefiting from low forex markup
- → Moderate spenders who can clear the fee waiver condition
SBI Card Elite — Questions answered
What is the annual fee for SBI Card Elite?
What is the minimum income required for SBI Card Elite?
What is the reward rate on SBI Card Elite for dining & food?
Does SBI Card Elite provide airport lounge access?
How do I get the annual fee waived on SBI Card Elite?
How long does it take to get SBI Card Elite approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.