Central Bank of India SBI Card ELITE
SBI Card · Discontinued
Closed Central Bank of India variant of SBI Card ELITE: ₹4,999 fee (waived at ₹10 lakh a year), 2 points per ₹100 everywhere except fuel and 10 points per ₹100 on dining, departmental stores and groceries (up to 10,000 points a month), a ₹5,000 welcome voucher, ₹6,000 of movie tickets a year, up to 50,000 bonus points at ₹3 to ₹8 lakh a year and lounge access, with a 1.99% forex markup. Issuance stopped on 26 Jul 2025.
- Annual fee
- ₹4,999 + GST a year
- Joining fee
- ₹4,999 + GST
- Fee waiver
- Annual fee waived on ₹10,00,000 spend per card year
- Base rate
- 2 points per ₹100 on all other spends, except fuel: 2 SBI Card Reward Points per ₹100 (about 0.5% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter; International: 6 visits a calendar year
- Forex markup
- 1.99%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 points per ₹100 on dining, departmental stores and groceries: 10 SBI Card Reward Points per ₹100 (about 2.5% at cash value)
Earns nothing on
- No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on wallet loads (MCCs 6540, 6541)
- No points on rent (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on digital gaming platforms (MCCs 5816, 7993, 7994)
- No points on cash advances and balance transfers
Where the sources disagree
- Terms booklet: The page links the SBI Card ELITE booklet of 2016 as this card's T&C; no Central Bank of India variant of the booklet was found, so the earn rule, cap and bonus slabs come from that document and the page.
- Status of existing cards: The notice says issuance was discontinued on 26 Jul 2025; the FAQ says existing cards stay active until holders get a new SBI Credit Card. We record the programme's end as `discontinued` because the issuer says the card is replaced, with the replacement dates unstated.
Terms the calculator does not value
- The bonus points slabs are assumed to stack as the page lists them (10,000, 10,000, 15,000 and 15,000 points, up to 50,000 a year); the T&C table gives each slab separately.
Sources
- SBI Card Key Fact Statement (file dated 26 Aug 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBI Card Most Important Terms and Conditions, common MITC (index date 14 Sep 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card customer notices page (26 Jul 2025 issuance notice, 11 Aug 2025 insurance notice, 1 Jul 2020 wallet notice, 29 Mar 2026 redemption notice) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card FAQ, Central Bank of India SBI Card Program discontinuation (FAQ, the bank's own, read 6 Nov 2026)
- Central Bank of India SBI Card ELITE product-page data file (fees, rates, bonus points, lounge, memberships) (Product page, the bank's own, read 6 Nov 2026)
- SBI Card ELITE Terms & Conditions booklet (2016), the T&C the Central Bank of India Elite page links (reward points, cap, bonus points, Priority Pass, movie offer) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on rent payments from 1 Apr 2024 (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on government-related transactions (Apr 2024 list, effective 1 Jun 2024) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on digital gaming platforms from 1 Dec 2024 (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (exclusions, cap rules for banking co-brand variants) (Reward terms, the bank's own, read 6 Nov 2026)