SBI Elite Credit Card

In today’s competitive credit card market, finding a card that offers both value and exclusivity can be a daunting task. That’s where the SBI Elite credit card shines. In this review, we will explore the exceptional features, rewards, and benefits that make the SBI Elite Credit Card a top choice for those seeking a premium credit card experience.

Key Highlights of SBI elite credit card

Best Suited For	Rewards and Travel
Joining Fee	Rs. 4,999
Renewal Fee	Rs. 4,999 (reversed on annual spends of Rs. 10 Lakh)
Welcome Benefit	Rs. 5,000 worth welcome gift vouchers
Best Feature	Up to 50,000 bonus rewards points annually; Club Vistara and Trident Privilege Membership

Other key highlights of SBI Elite credit card

• Avail an e-Gift Voucher of Rs.5,000 on payment of the annual fees.
• Get free movie tickets worth Rs.6,000 every year.
• Earn up to 50,000 bonus reward points worth Rs.12,500 per annum.
• You get access to the Priority Pass Program worth $99.

Priority Pass Membership

The Priority Pass membership programme allows all passengers, regardless of class, to use the airport lounges and other airport facilities. 

Benefits:

The Priority Pass membership offers premium services to customers who are travelling. The benefits of Priority Pass membership are as follows:

• Access to Lounges: With the Priority Pass membership, you can access over 1,300 airport lounges spread across 600 cities and 148 countries. These lounges provide a variety of services. The number of airport lounges is expanding to include more and more locations.
• Avail Discounts: Priority Pass members get discounts on shopping, airport dining, and spa services. You can easily redeem these discounts using the Priority Pass app or your digital account.
• Avail Wi-Fi for Free: The airport lounges provide complimentary Wi-Fi service in addition to the standard amenities to ensure you stay connected while waiting for your flight. Comfortable seats and electrical charging points allow you to use your mobile and laptop while remaining charged for in-flight use.
• Access Services via Mobile App: You can download the Priority Pass app to gain access to your Digital Membership Card, and airport maps, along with several additional digital features.
• Access to Minute Suite: Priority Pass members have free access to Minute Suites at airports. You can use these services for free for the first hour and thereafter pay a nominal fee. The facilities available through Priority Pass are subject to availability at the lounge.
• 24/7 Customer Support: Priority Pass members get 24/7 customer support in case of any queries or assistance.

Benefits of SBI Elite credit card

Welcome benefits

• Avail an e-Gift Voucher of Rs.5,000 on payment of the annual fees.
• You can choose the voucher from any of the following brands:
  1. Yatra
  2. Hush Puppies/Bata
  3. Pantaloons
  4. Aditya Birla Fashion
  5. Shoppers Stop

Entertainment benefits

• Get free movie tickets worth Rs.6,000 every year.
• This offer will be valid for a minimum of 2 tickets per booking per month.
• A maximum discount of Rs.250 per ticket will be available for two tickets.

Milestone benefits

• Earn up to 50,000 bonus reward points worth Rs.12,500 per annum.
• Earn up to 10,000 bonus reward points on an annual expenditure of Rs.3 lakh and Rs.4 lakh.
• Earn up to 15,000 bonus reward points on annual spends of Rs.5 lakh and Rs.8 lakh.
• When you spend Rs.10 lakh in a year, the annual fee for the previous year will be reversed.

ELITE Rewards

• Earn 5X reward points for spending on department stores, dining, and groceries.
• Earn 2 reward points for every Rs.100 spent on all other spends.
• Reward points cannot be earned on fuel spends.

Trident membership benefits

• Get 1,000 welcome points when you become a member.
• You get 1,500 bonus points on your first stay.
• You get an additional Rs.1,000 hotel credit (on extended night stay).

Airport and lounge benefits

• You get access to the Priority Pass Program worth $99.
• Get 6 complimentary international airport lounge visits every year. (2 visits per quarter).
• You get 2 complimentary domestic airport lounge visits every quarter.

Low Foreign Exchange Markup

The SBI ELITE credit card offers the lowest forex mark-up charge at 1.99% for international use.

Vistara Membership

• Earn 1 free upgrade voucher
• You get 9 Club Vistara points for every Rs.100 spent on Vistara flights
• You get Free Club Vistara Silver Membership

Concierge Service

With this card, you are also entitled to exclusive assistance from the bank with travel bookings, holiday packages, movies and dining reservations.

Redeeming Reward Points on SBI Elite credit card

You can redeem your reward points via the SBI Elite credit card website.

Step 1: Log into net banking account.

Step 2: Select the option of ‘redeem rewards’ from the main page.

Step 3: Your rewards will be shown on the left side of the page.

Step 4: Choose the reward category from which you wish to redeem the points.

Step 5: Add your city.

Step 6: Input the quantity of the reward and then select ‘add to cart’.

Step 7: Check the disclaimer and then select the option of ‘place order’.

Fee’s And Charges

Type of Charge	Amount
Joining Fee	Nil
Annual fee	Rs.4,999
Renewal fee per annum	Rs.4,999 (From 2nd year)
Add-On card fee	Nil
Cash advance fee	2.5% of the amount withdrawn or Rs.500 (Domestic ATMs) 2.5% of the amount withdrawn or Rs.500 (International ATMs)
Finance Charges	3.50% per month or 42% per annum
Payment dishonor fee	2% of the payment amount; minimum of Rs.450
Statement request	Rs.100 per statement (more than 2 months old)
Cash payment fee	Rs.250
Late payment	From Rs.0 to Rs.500 – Nil More than Rs.500 up to Rs.1,000 – Rs.400 More than Rs.1,000 up to Rs.10,000 – Rs.750 More than Rs.10,000 up to Rs.25,000 – Rs.950 More than Rs.25,000 up to Rs.50,000 – Rs.1,100 More than Rs.50,000 – Rs.1,300.
Cheque payment fee	Rs.100
Over limit fee	2.5% of the over limit amount; minimum of Rs.600
Rewards redemption fee	Rs.99
Foreign currency transaction	1.99%

Required Documents for SBI Elite credit card

• Identity proof, which is PAN, driving license, Aadhaar Card, etc.
• Proof of income such as the latest salary slips, Form 16, copy of IT returns, etc.
• Filled application form.
• A copy of Form 60 or PAN card.
• Proof of residence which can be a Passport, Ration Card, electricity bill, Aadhaar, etc.
• Colored passport size photographs of the applicant.

The above-mentioned list of documents is indicative. It can be changed, or additional documents can be asked when you apply for the ELITE credit card.

Comparison

SBI Elite credit card v/s ICICI sapphiro Credit Card

	ICICI Sapphiro Credit Card	SBI Elite Credit Card
Best Suited For	Shopping and Travel	Travel, Rewards and Entertainment
Welcome Benefit	Shopping and travel vouchers worth Rs. 9,000+	Rs. 5,000 e-gift voucher from select partner brands
Base Reward Rate	2 reward points per Rs. 100 for domestic spends	2 reward points per Rs. 100 across all spends except fuel
Annual Fee	Rs. 3,500	Rs. 4,999
Lounge Access	4 complimentary visits to domestic airport lounges per quarter* and 2 international lounge visits per year	2 complimentary domestic lounge visits per quarter and 6 international lounge visits per year

SBI Elite credit card v/s Prime Credit Card

Features	SBI Card Elite	SBI Prime Credit Card
Annual Fee	Rs. 4,999	Rs. 2,999
Interest Rate	3.5% per month	3.5% per month
Welcome Benefits	Travel or shopping voucher worth Rs. 5,000	Travel or shopping voucher worth Rs. 3,000
Reward Rate	10 Reward Points on every Rs. 100 spent on dining, departmental stores, and groceries. 2 Reward Points on every Rs. 100 spent elsewhere.	10 Reward Points on every Rs. 100 spent on departmental stores, groceries, and dining. 2 Reward Points on every Rs. 100 spent elsewhere.
Reward Redemption	The reward points you earn can be redeemed against gift vouchers and statement cash at a rate of 1 RP = Re. 0.25.	The earned reward points can be redeemed against gift vouchers and statement cash, where 1 RP = Re. 0.25.

SBI ELITE credit card v/s SBI SimplyCLICK Credit Card

Basis	SBI ELITE Credit Card	SBI SimplyCLICK Credit Card
Reward Rate	2 RP for every Rs. 100 spent on all transactions. 5x RP for every Rs. 100 spent on dining, departmental stores and grocery spends	1 RP for every Rs. 100 spent on offline spends except fuel. 5x RP for every Rs. 100 spent on all other online spends. 10x RP for every Rs. 100 spent on partner merchants.
Reward Redemption	Can be redeemed against products and vouchers on the SBI Website. Can be redeemed against the card’s statement balance. For redemption purposes, 1 RP = Rs. 0.25	Can be redeemed against products and vouchers on the SBI Website. Can be redeemed against the card’s statement balance. For redemption purposes, 1 RP = Rs. 0.25
Renewal Fees	Rs. 4,999 + GST (Can be waived off if more than Rs. 10 Lakhs or more is spent in the previous year.)	Rs. 1.000 + Taxes  (Spend based reversal of Annual Fee on spends of Rs. 1 Lakh or more in the previous year.)
Eligibility	1)Issued to either salaried or self-employed individuals. 2)Minimum salary Rs. 60,000 per month and Age between 21-60 years in case of a salaried individual. 3)Minimum income of Rs. 60,000 as per ITR and Age between 18-65 years in case of a self-employed individual.	Issued to either salaried or self-employed individuals. Minimum salary Rs. 20,000 per month and Age between 21-60 years in case of a salaried individual. Minimum income of Rs. 20,000 per month as per ITR and Age between 21 – 65 years in case of a self-employed individual.

Apply for SBI Elite credit card

The primary method to apply for this card is through the website of State Bank of India.

Step 1: Click on the option of ‘Check Eligibility’ to check if you are eligible for the card.

Step 2: Add the information which is asked and submit it.

Step 3: The portal will need a list of documents to be uploaded.

Step 4: Once done, you can use the tracking ID under the option of ‘Track Application’.

Check SBI Elite credit card Status

Online

Step 1: Go to https://www.sbicard.com and click on the ‘Credit Cards’ tab in the navigation bar

Step 2: Scroll down the page and find the ‘Track Application’ option. Click on it to go to the details section.

Step 3: Visit https://www.sbicard.com/en/eapply.page

Step 4: On the page, you will see two options – Track Application and Retrieve Application.

Step 5: If you have your application number, fill in the ‘Track Application’ section. Otherwise, fill in ‘Retrieve Application.’

Step 6: To track your application with the application number, enter the number and click ‘Track.’

Step 7: If you choose to retrieve your application, you will need to enter your date of birth and Pan Number. Click ‘Retrieve’ after entering the details.

Step 8: Your status will appear on the screen, and it could be in progress, on-hold, approved, dispatched, or disapproved.

Offline

When you cannot access internet, you can simply call the SBI customer care to know the status. SBI provides two helpline numbers to know about the status of credit card application status.

• 1860-180-1290
• 39020202

For the second number, you have to prefix your local STD code to get your card details. For instance, if you applied your card in Bengaluru, you need to dial 080-39020202.

Contact SBI Elite credit card

Phone number: Dial 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Email : customercare@sbicard.com

Conclusion

The SBI Elite credit card is a truly remarkable offering for those seeking a premium credit card experience. With its exceptional rewards program, exclusive privileges, travel benefits, milestone rewards, and enhanced security features, this card sets itself apart from the competition. Whether you are a frequent traveler, a lifestyle enthusiast, or someone who appreciates the finer things in life, the SBI Elite credit card is a stellar choice that delivers on its promises of luxury, convenience, and value.

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