PSB SBI Card ELITE

Annual feeJoining feeRenewal fee

₹4,999 + GST

Fee waiver rule

Fee waived if you spend ₹10 lakhs.

Add-on card fee

Add-on Card Fee (per annum): Nil.

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.

What one reward unit is worth

Earn upto 50,000 Bonus Reward Points worth ₹12,500/ year

Point expiry

Reward Points accrued under the Rewards Program are valid for a period of 24 months (for all cards except for AURUM); Reward Points 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. Post complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit. Only Primary Cardholders are eligible for Priority Pass and complimentary membership will be valid for 2 years only

Concierge

Exclusive Concierge Service: Dedicated assistance on flower delivery, gift delivery, and online doctor consultation

Milestone benefits

Up to 50,000 Bonus Reward Points worth ₹12,500 every year. 10,000 Bonus Reward Points on annual spends of ₹3 lakhs and 4 lakhs. 15,000 Bonus Reward Points on annual spends of ₹5 lakhs and 8 lakhs

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. This offer is valid on primary cards only

Fuel surcharge waiver

1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India. Maximum waiver of ₹250 per statement cycle, per credit card account.

Lost card liability

Complimentary credit card fraud liability cover of ₹1 lakh. Coverage applies from 48 hours before reporting the loss up to 7 days after reporting

Add-on card eligibility

Empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18.

Balance transfer terms

Balance Transfer on EMI: 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: 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% (For All Cards Except Aurum, Elite, Prime NRI Secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite/Miles Prime/Miles)

Cash advance fee

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

Interest on unpaid balance

3.75% p.m. (45% p.a.) for unsecured cards.

Interest-free period

20 to 50 days interest-free when you pay 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); Overlimit Fee will not be reversed in case of transaction reversal / cancellation / refund

Payment return or dishonour fee

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

Card replacement fee

₹100 - ₹250 (₹1500 for Aurum)

Cash payment / cash deposit fee

Cash Payment Fee: Revised from ₹199 to ₹250 w.e.f. 01 Sep 2021

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. However, payments made directly to colleges or schools via their websites or POS machines will not attract any fee.

Fee for paying the bill by cheque

₹200; not applicable for SBI Card Unnati, SBI Card Vyapaar Unnati and SBI Card Krishak Unnati Credit Cards

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500) at International ATMs

Reward redemption fee

₹99. Applicable only on Physical products, Statement Credit & on Vouchers that are sent physically as specified in the individual product Terms & Conditions, for all cards except AURUM. No redemption fee will be charged to the card account if, the card account status is found voluntarily closed on the fee posting date

Wallet load charge

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

Rent transaction fee

₹199 processing fee on all rent payment transactions; Processing Fee will not be reversed in case of transaction reversal / cancellation / refund.

Utility transaction fee

W.e.f. 1st Dec 2024, 1% of total amount of Utility Payments, if the total amount exceeds ₹50,000 in a billing cycle

GST note

All taxes would be charged as applicable on all the above Fees, Interest & Charges

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

Age the primary cardholder must be

21 to 60 years

Eligibility

Salaried or Self-Employed with stable income.

Minimum age

Minimum 21 years