Karur Vysya Bank SBI Card Elite

Renewal feeJoining fee

₹4,999 + GST

Fee waiver rule

Fee waived if you spend ₹10 lakhs.

Add-on card fee

₹0

Welcome benefit

Welcome e-Gift Voucher worth ₹5,000.

Reward rate

2 Reward Points per ₹100 · everyday spends2 Reward Points per ₹100 on all other spends, except fuel.

Groceries earning

5X Reward Points on dining, departmental stores and grocery spends.

Reward earning on dining spends

5X Reward Points on dining.

Reward earning on international spends

Earn 2 Reward Points on every ₹100 spent on international transactions.

What one reward unit is worth

4 Reward Points = Re. 1 when paying your outstanding card bill using Reward Points.

Statement-credit redemption

Pay your outstanding card bill using Reward Points. 4 Reward Points = Re. 1.

Point expiry

Reward Points, if not redeemed within this period, will expire and be forfeited on the last day of the 24th month

International lounge access

6 complimentary airport lounge visits per calendar year, outside India (max. 2 visits per quarter)

Domestic lounge access

2 complimentary domestic airport lounge visits every quarter.

Priority Pass

Complimentary membership to the Priority Pass Program worth $99.

Hotel or travel programme

Complimentary 1-year Club ITC Silver Tier Membership.

Concierge

Dedicated assistance on flower delivery, gift delivery, and online doctor consultation.

Milestone benefits

Get 10,000 Bonus Reward Points on reaching ₹3 lakh and ₹4 lakh annual spends. Get 15,000 Bonus Reward Points on reaching ₹5 lakh and ₹8 lakh annual spends

Membership tiers and what unlocks them

Complimentary 1-year Club ITC Silver Tier Membership; cardholders will be eligible for membership after their first transaction within 60 days of card issuance

Movie or entertainment ticket benefit

Free movie tickets worth ₹6,000 every year.

Fuel surcharge waiver

1% Fuel Surcharge Waiver across all petrol pumps in Indian on every transaction between ₹500 to ₹4,000.

Lost card liability

Complimentary credit card fraud liability cover of ₹1 lakh.

Add-on card eligibility

Add-on cards for parents, spouse, children or siblings above the age of 18.

Balance transfer terms

Transfer outstanding balances of other banks’ credit cards to your SBI Card ELITE at a lower interest rate and repay in easy EMIs.

Purchase to EMI conversion

Flexipay EMI: convert eligible purchases into easy monthly EMIs; applicable on transactions of ₹2,500 or more made using SBI Card ELITE.

Forex markup

1.99% on foreign currency transactions.

Dynamic currency conversion markup

3.5%3.5% on transactions ≥ ₹1,000 in Indian currency at an international location or at merchants in India but registered overseas

Cash advance fee

2.5% or ₹500 whichever is higher (domestic & international ATMs)

Cash advance interest

Free credit period Nil on cash advances; finance charges 3.75% p.m. (45% p.a.) for unsecured cards, applicable from the date of cash withdrawal

Cash withdrawal limit

Max. ₹15,000 per day on MCC – 6011 (ATM Withdrawals), subject to Cash Advance Limit availability

Interest on unpaid balance

3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards.

Interest-free period

20-50 days (applicable only on retail purchases and if previous month's outstanding balance is paid in full)

Late payment fee

From Nil (amount due ₹0 to ₹100) to ₹1,300 (amount due above ₹50,000)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600)

Payment return or dishonour fee

2% of Payment amount (subject to a minimum of ₹500)

Card replacement fee

₹100 - ₹250

Cash payment / cash deposit fee

₹250

Cheque payment / dishonour fee

₹200

Education / school fee charge

Fee on Education Payments^ : W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps

Foreign ATM fee

International ATMs: 2.5% of transaction amount, subject to a minimum of ₹500

Reward redemption fee

Rewards Redemption Fee: ₹99+ applicable taxes.

Wallet load charge

Fee on Wallet Load^^^ : W.e.f 1st Nov 2025, 1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000

What the card's fee or benefit year means

Annual fee at the prevailing rate will be levied upon opening of the Card Account and then annually during the month in which the Card Account was originally opened.

Fuel transaction fee

Petrol & all products/services sold at petrol pumps: 1% of transaction amount + all applicable taxes; fuel surcharge is levied by the acquiring bank providing the terminal to the merchant

Rent transaction fee

₹199

Utility transaction fee

If the sum of all Utility Payments in a billing cycle exceeds ₹50,000, then a Utility Payments Fee of 1% will be charged on the total amount of Utility payments made in that billing cycle.

GST note

Integrated Tax @ 18%

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Minimum amount due

100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of finance charges + Overlimit Amount (if any) + 2% of remaining balance outstanding

Minimum age

Minimum 21 years