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SBI Elite credit card: check fee, features & benefits

SBI Elite credit card: check fee, features & benefits

finance
December 30, 2021
10 min read
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hold the world in your palms

live life king size with SBI Elite credit card. this credit card is perfect for people who travel more, and travel often. the card offers a wide range of rewards on hotel bookings, movie tickets and air travel along with lowest foreign currency markup. you can earn additional rewards and cashback by making your SBI credit card payment on CRED.
here’s an article that will guide you through the features, application process, fees and charges, documentation and more.

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benefits

features

travel benefits

free Club Vistara silver membership and 9 CV points every time you spend ₹100 on Vistara bookings
2 complimentary domestic airport lounge visits every quarter
complimentary Trident Red Tier Membership along with 1000 welcome points on registration
6 complimentary visits to 1000+ airport lounges globally through the priority pass program

amazing rewards

joining reward of ₹5,000 e-voucher of a lifestyle or travel brand
2 reward points on INR 100 spent on everything except fuel
4 complimentary rounds of green fees access and 50% off on golf games
5X reward points on dining and grocery spends

milestone benefit

get 10,000 reward points on annual expenditure between ₹3-4 lakhs
get 15,000 reward points on annual expenditure between ₹5-8 lakhs

fuel benefit

1% fuel surcharge waiver across all petrol pumps in India
maximum waiver of up to ₹250 per month

movie ticket discounts

free movie tickets worth ₹6,000 every year
book 2 movie tickets every month at a discount of ₹250

how do i apply for SBI Elite credit card?

  • go to www.sbicards.com and click on ‘credit cards’.
  • in the category of lifestyle cards, click on the image of ‘SBI Card Elite’.
  • the page of SBI Elite credit card will open listing its fees and charges, benefits and more. at the top, fill in the required details and then click on ‘i want to apply now’ button. an application form will load.
  • fill all your details in the form including PAN card number and income. an OTP will be sent to your mobile number for verification.
  • based on your financial details, the bank will approve/reject your application.
  • after you have applied for the credit card, you can also track your SBI credit card (sbicard.com) application status online.
  • you have to mention the application/reference number and click on ‘track’ to know the status of your application.

am i eligible for SBI Elite credit card?

  • go to SBI Simplyfier page. 
  • click on ‘your income and expense information’.
  • select your income and monthly expenditure and then click on ‘show my card’.
  • based on the information provided, you will be shown a list of cards for which you are eligible. if SBI Elite card is present in that list, it means you have met the eligibility criteria required for the card. 

what documents do i require to apply for SBI Elite credit card?

  • identity proof: PAN card/Aadhaar card/voter ID/driving license (any one of these documents is required)
  • address proof: passport/driving license/electricity bill/gas bill (any one of these documents is required)
  • duly filled credit card application form
  • income proof: ITR documents and salary slips of last 2 months 
  • passport-size coloured photographs

types of charge

amount

annual fee (one-time)

₹4,999

renewal fee

₹4,999

card replacement fee

₹100

rewards redemption fee

₹99

late payment fee

₹100-950 (depending on the amount pending)

returned payment fee

2% of the total amount

over limit charges

2.5% of the over limit amount

finance charges

3.35% per month or 40.20% per annum

cash advance fee

2.5% of the total amount withdrawn

minimum amount due

5% of the total outstanding amount

statement retrieval fee

₹100

cash payment fee

₹100

cheque fee

₹100

frequently asked questions (FAQs)

how do i check my credit card balance?

you can check your credit card balance in the following ways:

  • SMS: type BAL (space) and last 4 digits of your credit card and send it to 5676791 from your registered mobile number.
  • netbanking: log in to your netbanking account and check the available balance in the ‘accounts summary section’.
  • missed call service: you can give a missed call on 8422845513 from your registered mobile number. within some time, you will receive an SMS on your mobile about your credit card balance.

when will i get joining vouchers?

if you are an SBI Elite credit card holder, you can avail your welcome gift or joining vouchers after the payment of the annual fee. you can call the customer service number 1800-180-1290 to submit a request for your joining voucher. an e-voucher will be sent to your registered mobile number or e-mail ID within 5 days of the request.

how can i redeem my reward points?

you can redeem your reward points in the following ways:

  • log in to your credit card netbanking account using user ID and password
  • click on rewards > redeem rewards
  • you can browse through the rewards catalog and select the item of your choice
  • after that, click on ‘redeem now’ and confirm

how can i enroll for Club Vistara membership?

you can apply for Club Vistara membership through netbanking or you can call this toll-free number 1860-180-1290.

do SBI Elite credit cardholders get the facility of flexipay?

yes, the facility of flexipay is offered to SBI Elite cardholders. it allows the SBI card users to convert their purchases over ₹2500 into easy EMIs.

when can i apply for priority pass membership and what is its validity?

you can apply for priority pass membership anytime during the validity period of your card. the priority pass membership is valid for 2 years.

what information will i get through the SBI missed call service?

you can access information like your current balance, a summary of your reward points, available credit and cash limits and your last card payment status.