SBI Card ELITE

Check the standout features of this shopping credit card:

Joining Fee	₹4,999
Annual Fee	₹4,999 Get this waived off if you spend ₹10 Lakhs or more in the preceding year
Suitable for	Rewards on lifestyle spends
Key Feature	Enjoy a free Club Vistara Silver membership
Welcome Bonus	Get a welcome e-gift voucher worth ₹5,000

Here is what you should know about reward points you can earn while using an SBI ELITE Card:

A. Reward Points

• The SBI Card ELITE offers 5X rewards when you spend on categories such as dining and groceries. 

 

Here is an example demonstrating this:

Disclaimer: The above example is for illustration purposes only. 

 

• You also get 2 reward points for every ₹100 spent using the card, except on fuel transactions.

Here is an example 

Disclaimer: The above example is for illustration purposes only. 

 

• The SBI ELITE Card also has a unique spend-based milestone rewards system. This allows you to receive up to 50,000 reward points as you cross each spending threshold. 

Here is how it works:

B. Redemption Process

The SBI Card redemption process is easy. Simply log in to your credit card account online or via the Go Mobile app. You can redeem points against merchandise from the rewards catalogue or as e-vouchers or gift cards. A rewards redemption fee of ₹99 is applicable as per specified terms and conditions. 

 

C. Expiration 

All the reward points earned on your SBI Card ELITE will expire after 24 months from accrual. 

 

D: Example of Savings

Drawing from the above illustration, here is a look at what your annual expenses and savings will look like: 

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying. 

 

Now, you have two options:

1. Redeem17,880 points via the SBI Card rewards portal for various products, such as accessories, homeware, electronics, and more.

2. Convert your reward points into cash by contacting SBI Card. Since 4 reward points = ₹1, the cash valueof 17,880 rewards = ₹4,470.

Here are all the charges you can expect to incur while using the SBI Card ELITE:

Note: A GST of 18% is applicable on the above-mentioned charges.

 

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

Check the SBI Card ELITE eligibility terms and keep all the documents ready to complete your application in minutes. To apply, you need to be:

• 21 years and older if you are salaried

• 25 years and above if you are self-employed 

• 40 years and above if you are a retired pensioner 

• Up to 70 years old

• A stable earner with a regular income

• Creditworthy, with a good credit score
  
  

Here is the general list of documents you may need to submit: 

• Government-issued Identity Proof:

  • PAN card

  • Passport

• Government-issued Address Proof:

  • Aadhaar card

  • Ration card

• Income Proof:

  • Salaried: Latest salary slips (past 2-3 months), Form 16

  • Self-employed: Income Tax Returns (ITR), bank statements showing income

 

Apply Online

Bajaj Markets provides a secure, one-stop platform to compare your shortlisted credit cards and apply online. The process ensures utmost data security and transparency. To know how to apply, read the steps given below:

1. Click on ‘Check Eligibility’ and fill in the required details, including your   

         date of birth, phone number, and occupation 

1. Enter the One-Time Password (OTP) sent to your phone

2. Review pre-filled details like your PAN card number, residential PIN code, email address, and income details

3. Apply for the card that suits your needs from the available options

4. Click on ‘Submit’ to complete your application

 

Customer Care 

If you have any questions, reach out to SBI Card’s customer care team via email or phone:

• Call 1860 500 1290, 1860 180 1290, 39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free). Customer service executives are available from 8 AM to 8 PM, Monday to Saturday.

• Email customercare@sbicard.com

Before applying for the SBI Card ELITE, compare its benefits with other cards from the same issuer.

Disclaimer: The benefits mentioned may change as per the policies of SBI Card. Check them before you apply for a specific card.