SBI Card Miles Elite Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Get 6 Travel Credits for each ₹200 spent on travel expenses. Receive 2 Travel Credits for every ₹200 spent on other qualifying purchases. Receive a sign-up bonus of 5,000 Travel Credits when you spend ₹1 lakh within the initial 60 days after receiving the card. Enjoy a complimentary Priority Pass membership. The SBI Card Miles Elite includes travel insurance.

The SBI Card Miles Elite is a credit card designed for the avid traveler, offering a range of benefits and rewards to enhance your travel experience.

With a joining fee of Rs. 4,999 + GST and a renewal fee of Rs. 4,999 + GST, this card is worth considering if you frequently indulge in travel.

One of the standout features of this card is its reward program, which is based on earning Reward Points.

With every Rs. 200 spent on travel, you will earn 6 Travel Credits.

For all other purchases, you will earn 2 Travel Credits for every Rs. 200 spent.

These credits can then be redeemed for a variety of travel-related expenses.

As a welcome benefit, the SBI Card Miles Elite offers 5,000 Travel Credits, giving you a head start on your travel plans.

However, it is worth noting that this card does not offer any specific movie or dining benefits.

For travelers, one of the most valuable perks is the complimentary Priority Pass Membership, which provides access to domestic lounges with 8 visits per year (maximum 2 per quarter) and international lounges with 6 free visits per year (maximum 2 per quarter).

This is a great way to relax and unwind during your journey.

In addition to the lounge access, the SBI Card Miles Elite also provides travel insurance coverage, including flight cancellations, lost baggage, and air accident cover.

This can provide peace of mind during your trips.

The annual fee for this card can be waived if you spend Rs. 15 lakh in a year, making it potentially more affordable for frequent travelers.

However, there is a rewards redemption fee of Rs. 99.

When using this card for international transactions, you will benefit from a foreign currency markup of 0.0199, which is relatively low compared to other cards in the market.

The interest rate for this card is 3.50% per month (42% per annum), so it's important to manage your finances responsibly.

Another advantage of this card is the 1% fuel surcharge waiver, up to a maximum of Rs. 500 per month.

This can help you save on fuel expenses.

Finally, if you require cash advance, you will be charged either 2.5% or Rs. 500 (whichever is higher).

Overall, the SBI Card Miles Elite is a solid choice for travel enthusiasts, with its generous reward structure, complimentary lounge access, and travel insurance coverage.

Considering the joining and renewal fees, it is essential to evaluate if the benefits align with your travel needs.