CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
SBI Card

SBI Card ELITE

23
Ranked #153 of 170 in credit
creditVisaSignature

SBI's premium lifestyle card led by strong BookMyShow movie benefits and accelerated dining/grocery rewards, though overall value-back is modest for a card at this fee point and lost its hotel/airline membership perks.

Score breakdown

Data completeness: 75% · Last verified: 09 Jul 2026

Reward value3/100 · weight 71%
≈ 0.15% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.4% score bonus — earns broadly without narrow category restrictions.
Fee efficiency63/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks75/100 · weight 9%

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
Waiver: Annual fee waived on annual spend of Rs 10 lakh
Forex markup
1.99%

Lounge access

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

Reward structure

CategoryTypeRateCapNotes
dining_offlinepoints0.63%(2.5 pts @ ₹0.25)—10 RP per Rs 100 (5X) on dining, grocery, departmental store spends
all_spendspoints0.13%(0.5 pts @ ₹0.25)—2 RP per Rs 100 on other retail spends

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

Welcome offer

Rs 5,000 e-gift voucher from Yatra, Bata/Hush Puppies, Pantaloons, Shoppers Stop, or Aditya Birla Fashion; complimentary 1-year Club ITC membership with 50% off 2nd night at ITC Hotels

Milestone benefits

Pros

  • 2 free movie tickets/month via BookMyShow (up to Rs 250/ticket, worth up to Rs 6,000/year - can offset most of the annual fee)
  • 5X (10 RP/Rs 100, ~2.5%) on dining, grocery, departmental stores
  • unconditional 8 domestic lounge visits
  • low 1.99% forex markup
  • Rs 5,000 welcome voucher nearly offsets Year 1 fee

Cons

  • Base reward rate outside accelerated categories only 0.5% (2 RP/Rs 100)
  • no airline/hotel transfer partners
  • high Rs 10L spend for fee waiver from Year 2
  • Club Vistara Silver and Trident Red Tier memberships discontinued (previously included)
  • international lounge capped at 6/year via Priority Pass with per-visit fee after that

What's inside

More benefits

  • Fuel Surcharge Waiver

    ₹3,000

    1% fuel surcharge waiver on transactions between ₹500 to ₹4,000

    monthly.

  • BookMyShow movie tickets

    ₹500

    2 complimentary movie tickets/month, up to Rs 250/ticket

    Cap ₹6,000 / monthly. Min 2 tickets per transaction

  • Club ITC welcome membership

    ₹3,000

    Complimentary 1-year Club ITC membership, 50% off 2nd night at ITC Hotels

    Cap ₹3,000 / yearly. Included in welcome benefit

Insurance cover

text
₹NaN

Eligibility

text
Age 21-70, salaried/self-employed; income proof required (3 months' salary slips or bank statements)

Small print

Redemption fee
₹99 / redemption
Fuel surcharge:1% fuel surcharge waiver on Rs 500-Rs 4,000 transactions