PSB SBI Card ELITE
SBI Card · Open to apply
A Punjab & Sind Bank (PSB) co-brand version of SBI Card ELITE: 2 points per ₹100 everywhere except fuel, 10 points per ₹100 on dining and groceries up to 10,000 points a month, a ₹5,000 welcome voucher, up to 50,000 bonus points a year on annual spends of ₹3 to 8 lakh, six Priority Pass and eight domestic lounge visits a year, free movie tickets on BookMyShow, and a 1.99% foreign currency fee. Points are worth ₹0.25 each.
- 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, 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, prepaid card purchases and account funding (MCCs 6540, 6541)
- No points on cash advances and ATM withdrawals
- No points on EMI conversions (Flexipay, Merchant EMI, Convert2EMI)
- No points on rent payments (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on digital gaming platforms (MCCs 5816, 7993, 7994)
Where the sources disagree
- Foreign currency mark-up (1.99% or 3.5%): The MITC's foreign currency and DCC lines give 1.99% to 'Elite' (and AURUM and others) and 3.5% to all other cards, without naming the banking co-brand editions; this card's T&C booklet says nothing about forex; the product page states a 1.99% foreign currency mark-up for the card. We use the page for the foreign currency mark-up and keep the DCC fee at the 3.5% default until a document names this card.
Terms the calculator does not value
- The accelerated rate does not apply at Metro Cash & Carry and Walmart either (Flipkart Wholesale is the rule wholesale-no-accelerated); neither has a merchant file.
- The BookMyShow offer needs a booking on bookmyshow.com with the card selected under Avail Offers; the calculator does not value the ₹6,000 of ticket discounts.
Sources
- PSB SBI Card ELITE product-page data file (fees, rates, caps, vouchers, lounges, FAQs) (Product page, the bank's own, read 6 Nov 2026)
- PSB SBI Card ELITE Terms & Conditions booklet (PDF modified 29 Oct 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (accrual and capping by card, exclusions, redemption; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card common MITC (fee table of the banking-partnership cards, foreign currency fee; PDF modified 30 Oct 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Key Fact Statement (PDF modified 14 Oct 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBI Card Important Notices page (notices of 22 Feb 2021, 1 Mar 2022, 11 Aug 2025 air accident cover and 29 Mar 2026 statement-credit redemption) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card Domestic Airport Lounge Access Program notice, w.e.f. 10 Jan 2026 (Set A and Set B) (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 (linked from the notices page) (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)
- SBI Card detailed terms of the Club ITC Silver membership and ITC Hotels offers (linked from the product pages) (Reward terms, the bank's own, read 6 Nov 2026)