SBI ELITE Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Welcome benefit includes a Gift Voucher valued at Rs. 5,000. Earn 2 Reward Points for every Rs. 100 spent with the card, excluding fuel purchases. Get 5 times the Reward Points for spending on dining, grocery purchases, and departmental stores. Accumulate up to 50,000 Bonus Reward Points (equivalent to Rs. 12,500) annually by meeting the required spending milestone. Enjoy complimentary movie tickets, with a maximum benefit of Rs. 6,000 per year. Receive complimentary Club Vistara Membership and Trident Privilege Membership. Receive 2 complimentary domestic lounge visits every quarter. Receive 6 complimentary international lounge visits annually, with a maximum of 2 visits per quarter. Benefit from a complimentary lost card liability cover worth Rs. 1 lakh, applicable 48 hours prior to reporting the loss and up to 7 days after. Experience a lower forex mark-up fee of 1.99% on withdrawn amounts. Access exclusive concierge services for assistance with online doctor consultations, flower deliveries, and gift deliveries. Enjoy exclusive privileges from Visa/MasterCard/American Express.

The SBI ELITE Credit Card is a premium credit card that offers a range of benefits and rewards, making it best suited for those who love going to movies, traveling, and shopping.

One of the key features of this credit card is the welcome benefit.

Upon joining, you will receive e-vouchers worth Rs. 5,000, which can be redeemed at popular brands like Yatra, Aditya Birla Fashion, Hush Puppies/Bata, Pantaloons, and Shoppers Stop.

This is a great way to kick-start your shopping experience with this card.

For movie enthusiasts, the SBI ELITE Credit Card offers a fantastic benefit.

You can enjoy free movie tickets every month, with a maximum benefit of Rs. 6,000 per year.

This is applicable for at least 2 tickets per booking per month.

This feature is sure to delight movie buffs and save you some money on your entertainment expenses.

Additionally, this credit card provides dining offers with up to 25% discount at partner restaurants, but this feature is exclusive to the American Express variant.

For shopping, you will earn 2 Reward Points on every Rs. 100 you spend on retail purchases.

Furthermore, you can earn 5X Reward Points on dining spends, departmental stores, and grocery purchases, which equates to a reward rate of 2.5%.

Travelers will also find value in the SBI ELITE Credit Card.

It comes with complimentary CV (Club Vistara) Membership and Trident Privilege Red Tier Membership, with added benefits such as free domestic and international airport lounge access.

Cardholders are entitled to 2 complimentary visits to domestic airport lounges every quarter, as well as 6 complimentary visits to international airport lounges per year with the Priority Pass program.

Golf enthusiasts will appreciate the golf benefits that come with the MasterCard variant of this card.

They can enjoy 4 complimentary rounds of green fees and get up to 50% off on golf games.

Additionally, cardholders are entitled to 1 free lesson per month at selected golf courses across the country.

Unfortunately, this credit card does not offer any insurance benefits.

However, the renewal fee of Rs. 4,999 can be waived if you have annual spends of Rs. 10 lakh or more in the preceding year.

It is important to note that there is a rewards redemption fee of Rs. 99 per redemption request, and a foreign currency markup fee of 1.99% of the transaction amount.

The interest rate for this credit card is 3.50% per month (42% per annum).

For fuel purchases, you can enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at all fuel stations across India, with a maximum waiver of Rs. 250 per month.

When using the SBI ELITE Credit Card for cash advances, you will be charged 2.5% of the transaction amount, subject to a minimum charge of Rs 500.

Overall, the SBI ELITE Credit Card offers a host of benefits and rewards that cater to frequent movie-goers, travelers, shoppers, and golfers.

While it does come with a significant joining and renewal fee, the features and benefits of this credit card make it a worthwhile investment for those who can maximize its rewards and take advantage of its perks.