Credit Card Reviews

The New And Exclusive SBI Elite Card Full Review

First Look: SBI Elite Credit Card Review

SBI Elite Card LaunchedSBI has launched its latest credit card, a premium offering for it’s customers with excellent credit, known as the SBI Elite Credit Card. This brand new credit card from SBI is a contactless card, which provides customized offers and unbeatable privileges to customers, as per their lifestyle.

Overview of the SBI Elite Credit Card
  • This card unlocks a world of privileges for its customers
  • This credit card offers high rewards
  • It allows you to earn reward points and discounts on your purchases
Benefits of the SBI Elite Credit Card
  • Welcome gift worth Rs. 5,000 on joining
  • Earn 10 reward points per Rs. 100 that you spend on departmental stores, dining, international, and grocery purchases
  • Receive 2 reward points per Rs. 100 that you spend on all other purchases
  • Get benefits worth Rs. 30,000 per annum
  • Receive two complimentary movie tickets per month from Book My Show
  • Access more than 600 airport lounges through a priority pass
  • Reserve your golf dates via 24X7 concierge services

Features of the SBI Elite Credit Card

1. Welcome gift

  • When you sign up for this credit card, you get an e-Gift voucher worth Rs. 5,000
  • You can redeem your vouches at different lifestyle and travel brands, including Yatra, Bata, Hush Puppies, Marks & Spencer, Shoppers Stop, and Westside

2. Complimentary movie tickets

  • Every year, you get free movie tickets worth Rs. 6,000
  • One transaction is valid for a minimum of two tickets per booking in a month
  • The maximum discount that you can get is Rs. 250 per ticket for only two tickets
  • You will be charged with convenience fee
  • This offer is applicable on only primary credit cards

3. Milestone privileges

  • Earn up to 50,000 bonus reward points every year, which are equal to Rs. 12,500
  • Receive additional 10,000 bonus reward points, when you spend atleast Rs. 3 lakh per year
  • Get additional 15,000 bonus reward points, when you spend atleast Rs. 5 lakh per year
  • Your annual fee can be reversed on spends of Rs. 10 lakh

4. Elite rewards

  • Earn 5 times reward points on departmental stores, dining, international spends, and grocery
  • Receive 2 reward points, when you spend Rs. 100 on all other purchases
  • Four reward points is equal to Rs. 1
  • Get a fuel surcharge waiver of 2.5% or a maximum of Rs. 250 per month on all petrol pumps

5. Complimentary lounge access

You enjoy free access to domestic lounges twice in one quarter at all airport lounges across India.

6. Priority pass

  • Receive complimentary membership of priority pass program, which is worth nearly Rs. 7,000
  • Access more than 850 airport lounges across the world

7. Exclusive concierge services

  • Get special assistance with your movie, hotel, and travel reservations
  • Customized holiday packages
  • Gift delivery assistance
  • Receive discounts at leading lifestyle stores and spas

8. MasterCard privileges

  • Attractive golf discounts
  • Get special benefits on luxury hotels globally
  • Exclusive discounts on dining at particular cafes and restaurants
  • Receive discounts on particular apparel brands
Fees and Charges of the SBI Elite Credit Card
  • Annual fees: Rs. 4,999
  • Add-on fees (per annum): Rs. 0
  • Interest rates: Up to 40.2% yearly or 3.35% monthly from the transaction date
  • Cash advance fees on SBI or other ATMs: 2.5% of the transaction amount or Rs. 300, whichever is higher
  • Over limit fees: 2.5% of the over limit amount or Rs. 500, whichever is higher
  • Foreign currency transactions: 3.5%

The SBI Elite Credit Card offers premium privileges, luxury, and benefits to customers. This card is ideal for people who have high net worth. The card uses NFC (Near Field Communication) modern technology and offers customers a contactless experience, while they make purchases. Although, there is no annual fee waiver on this card, its welcome gift worth Rs. 5,000 is worth noticing.

Apply For The SBI Elite Credit Card Here

Jay Kaul

About Jay Kaul

Jay is a financial and credit expert and freelance contributor to CreditSmart. He's always keeping his eyes open for the latest credit card trends in India and provides a sharp insight on new entries into the market.

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1 Comment

  • hey
    when i was upgraded to a sbi elite card i was told the benefits in that one was 5000 rs gift voucher which i have never recieved . I have spoken to customer service and they said they will send a link through which i can get the voucher for Marks And Spencer. but dint receive.
    Please revert

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