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SBI Cards and Payment Services Ltd

SBI Elite Credit Card

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Annual Fee

₹4,999

Reward Type

Points

Forex

1%

Lounge

6 dom · 6 intl

Full Spec Sheet

Multi-source Verified

Fees

Joining Fee₹4,999
Annual Fee₹4,999(waived ≥ ₹3,00,000)
Min Monthly Income₹50,000

Rewards

Reward TypePoints
Base Rate1.5%
Point Value₹0.25/point

Category Multipliers

dining2%online2%grocery2%

Redemption Values

vouchers₹0.25/pt
statement credit₹0.25/pt

Travel & Global

Forex Markup1%
Domestic Lounge6 visits/yr
Intl. Lounge6 visits/yr
Lounge NetworkPriority Pass, Visa

India-Specific

Fuel Surcharge✓ 1% waiver

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💡 Fee Waiver Strategy

Spend ₹3,00,000 annually to waive the annual fee.

⚖️ Breakeven Analysis

To recover the ₹4,999 annual fee at the base reward rate of 1.5%, you need to spend ₹3,33,267 annually.

🎯 Pro Tips

  • ▸Maximize dining rewards by using the card at partner restaurants.
  • ▸Use the card for international transactions to earn additional points.
  • ▸Pay utility bills using the card for extra rewards.

📊 Spend Profile Simulator

Spend Profile Simulator

Net Annual Value

+₹476

Effective Rate

0.0%

Ranked #156 of 173 cards#156

₹4,999 annual fee deducted from gross rewards value.

📊 Spending Scenarios - Real-World Returns

Premium Spender (₹80K/mo)

Monthly: ₹80,000 · Annual: ₹9,60,000

1.25%
Effective Return
other: ₹25,000/modining: ₹15,000/moonline: ₹30,000/mogrocery: ₹10,000/mo
Annual Rewards Value₹12,000
After Fee (₹4,999)+₹7,001

2X on online + dining + grocery. Renewal bonus adds ₹1250.

🔄 Redemption Pathways - Value per Point

MethodValue
Gift VouchersBEST₹0.25/pt
Statement Credit₹0.25/pt

🏷️ Best For

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