SBI Card ELITE
SBI Card · Open to apply
SBI Card's premium rewards card: 2 points per ₹100 everywhere except fuel, 10 per ₹100 on dining, departmental stores and groceries up to 10,000 points a month, a ₹5,000 welcome voucher, up to 50,000 milestone points a year, ₹6,000 of BookMyShow tickets a year, Priority Pass with six visits abroad and a 1.99% forex markup.
- 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 retail spends: 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 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 cash advances and ATM withdrawals
- No points on EMI conversions (Flexipay, Merchant EMI)
- 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)
Terms the calculator does not value
- Reward Points on transactions that get an instant discount or cashback offer are forfeited (Shop & Smile T&C III(i)), so a card offer can take back the points on that spend.
- BookMyShow movie benefit: up to ₹500 off two tickets a month (₹6,000 a year at most), only on bookings of two or more tickets on bookmyshow.com. Not counted in the card's value.
- The accelerated rate does not apply at Metro Cash & Carry and Walmart (Flipkart Wholesale is the rule wholesale-no-accelerated); neither has a merchant file.
Sources
- SBI Card ELITE product-page data file (fees, rates, welcome, milestones, lounges, network privileges) (Product page, the bank's own, read 6 Nov 2026)
- SBI Card ELITE Terms and Conditions booklet (file name says 2016; PDF created 8 Oct 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- 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 2026-09-14) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (accrual caps by card, exclusions, redemption; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card customer notices page (15 Jul 2025 air accident notice; 29 Mar 2026 redemption notices) (Bank notice, 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 from 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)