SBI Card ELITE

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10 Reward Points per ₹100 (5X) on Dining, Grocery & Departmental Stores. 2 points per ₹100 on other spends.

Score breakdown

Data completeness: 100% · Last verified: 06 Jul 2026

Reward value27/100 · weight 65%

≈ 1.34% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +2.6% score bonus — earns broadly without narrow category restrictions.

Fee efficiency63/100 · weight 11%

Redemption flexibility88/100 · weight 8%

Perks75/100 · weight 8%

Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee: ₹4,999 + 18% GST
= ₹5,899 total
Annual fee: ₹4,999 + 18% GST
= ₹5,899 / year total
Forex markup: 1.99%

Lounge access

Domestic (per year): 8
International (per year): 6

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

Category	Type	Rate	Cap	Notes
dining	points	2.50%(10 pts @ ₹0.25)	—	2% dining (estimated)
groceries	points	2.50%(10 pts @ ₹0.25)	—	1.5% groceries (estimated)
travel	points	2.00%(8 pts @ ₹0.25)	—	2% travel (estimated)
online_spends	points	2.00%(8 pts @ ₹0.25)	—	2% online (estimated)
fuel	points	1.00%(4 pts @ ₹0.25)	—	1% fuel (estimated)
utilities	points	1.00%(4 pts @ ₹0.25)	—	1% utilities (estimated)
all_spends	points	0.50%(2 pts @ ₹0.25)	—	Base earn rate

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

fuelcash advancebalance transferemiwallet loadrentutilitiesinsuranceeducationgovernmentjewellery

Point value by redemption mode

1 reward point is worth different amounts depending on how you redeem — the headline reward % only holds at the best tier.

e-vouchers / catalogue	1 RP = ₹0.25
statement credit	1 RP = ₹0.25
statement credit / vouchers	1 RP = ₹0.25
gift vouchers / cash credit	1 RP = ₹0.25

Welcome offer

Welcome e-Gift Voucher worth Rs. 5,000 redeemable across travel and lifestyle brands like Yatra, Bata, Shoppers Stop.

Milestone benefits

Spend ₹3,00,000 / yearly: 10,000 bonus Reward Points
Spend ₹4,00,000 / yearly: 10,000 bonus Reward Points
Spend ₹5,00,000 / yearly: 15,000 bonus Reward Points
Spend ₹8,00,000 / yearly: 15,000 bonus Reward Points

Pros

Provides significant welcome benefits worth Rs. 5,000, which can offset the first-year annual fee.
Offers generous complimentary lounge access, including 2 domestic visits per quarter and 6 international visits per year.
Features accelerated reward points on popular spending categories like dining, groceries, and departmental stores.
The annual fee can be waived upon achieving an annual spend milestone of Rs. 10 lakhs.
Benefits from a competitive foreign currency markup of 1.99%

Cons

Base reward rate of 0.5% on general expenditures is low compared to rival premium cards.
High annual fee of Rs. 4,999 may be a disadvantage if waiver criteria aren't met.
Specific benefits like golf or dining offers are often limited to certain card variants.

What's inside

Experience

Movie Tickets
₹6,000
2 complimentary BookMyShow tickets/month (max ₹250 each)
monthly.

Earn every day

Fuel Surcharge Waiver
₹3,000
1% fuel surcharge waiver on transactions between ₹500 to ₹4,000
monthly.

Insurance cover

credit liability: ₹1,00,000

Eligibility

max age: 65
min age: 18
min monthly income: ₹60,000

Small print

Redemption fee: ₹99 / redemption