SBI Elite Credit Card Review
SBI Elite Credit Card
- Introduction
- What are the eligibility criteria for the SBI Elite Credit Card?
- What are the documents required for the SBI Elite Credit Card?
- Fees & Charges
- How to use the SBI Elite Credit Card?
- What are the Welcome Benefits on the card?
- What are the benefits of the SBI Elite Credit Card?
- What are the demerits of the SBI Elite Credit Card?
- Conclusion
- FAQs
Introduction
SBI Elite Credit Card is the top credit card anyone can find in the credit card segment from SBI Bank in India. This is a premium credit card which offers excellent features. It can be easily ranked among the top credit cards in India.
SBI Elite Credit Card comes in three variants – “Visa Signature“, “MasterCard” and “American Express”.
The SBI Elite Credit Card is an excellent option for those looking for a credit card with good rewards and benefits. The card provides multiple features and perks, making it a good choice for regular and occasional users. In this article, we’ll look at the SBI Elite Credit Card and see if it’s the right fit for you.
What are the eligibility criteria for the SBI Elite Credit Card?
The SBI Elite Credit Card is a credit card for those who have an excellent credit score and history. A credit score of 750 or above and a clean credit history are required to be eligible for this card.
Additionally, you must earn a minimum income of Rs. 1 Lakh per annum.
What are the documents required for the SBI Elite Credit Card?
The SBI Elite Credit Card is a great way to get the most out of your credit card usage. However, certain documents are required to obtain this card. Here is a list of the documents required:
Fees & Charges
| Description | Fees & Charges |
|---|---|
| Annual Fee (one time) | INR 4,999 + GST |
| Renewal Fee (per annum) | INR 4,999 + GST |
| Add-on Fee (per annum) | NIL |
| Renewal Fee Waiver | On the spend of INR 10 Lakhs or more |
How to use the SBI Elite Credit Card?
If an individual is looking for a credit card that offers excellent rewards and benefits. In that case, the SBI Elite Credit Card is a great option. Here’s a quick guide on how to use the SBI Elite Credit Card:
What are the Welcome Benefits on the card?
You have to make the payment of the Annual Fee. Once it’s confirmed, within 15 days, you will receive an SMS to choose from e-voucher options (worth Rs. 5,000) :
* For Pantaloons, Shoppers Stop and Hush Puppies /Bata – you can redeem your e-gift voucher by showing the code at the respective brand store.
* For Yatra and Shopper Stop – you can redeem the code online at the time of purchase.
* Aditya Birla Retail Voucher can be redeemed at these brand stores – Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Simon Carter
What are the benefits of the SBI Elite Credit Card?
SBI Elite Credit Card
- Free Movie Tickets worth Rs. 6,000 every year
- Complimentary membership to the Priority Pass Program worth $99
- Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India
- Enjoy complimentary Club Vistara Silver membership
- Enjoy complimentary Trident Privilege Red Tier membership
- Lowest Foreign Currency Mark-up Charge of 1.99% on International usage
- Exclusive Concierge Service
- Get 5X Reward Points on Dining, Departmental Stores, and Grocery Spends
- Earn up to 50,000 Bonus Reward Points worth Rs. 12,500/ year or Earn 10,000 bonus Reward Points on achieving annual spending of Rs. 3 Lakhs and 4 Lakhs
Priority Pass Membership
You get a complimentary Priority Pass Membership worth 99$. Under this membership, as a primary cardholder, you get 6 complimentary Airport Lounge visits per calendar year outside India. It is to be noted that the membership gets you access to over 1000 airport lounges worldwide.Â
There are a few points which have to be taken care of:
Please feel free to visit the Priority Pass website for more information.
Visa/MasterCard Lounge Access Program
For Lounge visits within India, Elite Primary Cardholders can avail of 2 complimentary lounge access per quarter through the Elite Visa/MasterCard Lounge program.
- List of Visa Lounges within India. Click here
- List of Mastercard Lounges in India. Click here
Airport Lounge Access for American Express Variant of SBI Elite Card
| Sr.No. | City | Lounge | Terminal | Charges for Complimentary Visits ( INR) | Charges for Non-Complimentary Visits (INR) |
|---|---|---|---|---|---|
| 1 | Ahmedabad | Plaza Premium | International | 1 | 750 |
| 2 | Bangalore | TFS | Domestic | 1 | 600 |
| 3 | Bangalore | TFS | International | 1 | 1000 |
| 4 | Chennai | TFS | Domestic | 1 | 500 |
| 5 | Chennai | TFS | International New | 1 | 1000 |
| 6 | Chennai | TFS | International | 1 | 1000 |
| 7 | Goa | TFS | Domestic | 1 | 400 |
| 8 | Hyderabad | Plaza Premium | Domestic | 1 | 500 |
| 9 | Hyderabad | Plaza Premium | International | 1 | 750 |
| 10 | Kolkata | TFS | Domestic | 1 | 500 |
| 11 | Kolkata | TFS | International | 1 | 1000 |
| 12 | Mumbai | TFS | Domestic T2 | 1 | 1000 |
| 13 | Mumbai | TFS | Domestic T1C | 1 | 500 |
| 14 | Mumbai | Good Times | Domestic T1B | 1 | 400 |
| 15 | Mumbai | Clipper | International | 1 | 1000 |
| 16 | New Delhi | Plaza Premium | Domestic T1D | 1 | 500 |
| 17 | New Delhi | Plaza Premium | Domestic T3 | 1 | 500 |
| 18 | New Delhi | Plaza Premium | Domestic T2 | 1 | 500 |
| 19 | New Delhi | Plaza Premium | International T3(L-04) | 1 | 750 |
| 20 | New Delhi | Plaza Premium | International T3(L-03) | 1 | 750 |
| 21 | Pune | Bird Lounge | Domestic | 1 | 400 |
What are the demerits of the SBI Elite Credit Card?
SBI Elite Credit Card
- Customer Support is better but there is a scope for improvement.
- Reward points system is better. But, being the top SBI credit card, it should be aggressive.
- Annual fee for this card seems a bit on the higher end.
If you are interested to know more about its features and offers –
Conclusion
The SBI Elite Credit Card is an excellent option for looking for a rewards card with no annual fee. It offers a wide range of benefits, including cashback on all purchases. Its points can be redeemed for travel or merchandise.
If you are looking for a credit card that will give you the most bang for your buck, the SBI Elite Credit Card is definitely worth considering.
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FAQs
What are the highlighted features of the SBI Elite Credit Card?
The SBI Elite Credit Card comes with many features that make it an attractive proposition for users. Some of the key features include:
Cashback of up to 5% on select categories
* Complimentary airport lounge access
* Fuel surcharge waiver
* No annual fee for the first year
* Attractive interest rates on both purchases and cash advances
* Up to 2 free add-on cards for family members
What are the eligibility criteria for the SBI Elite Credit Card?
The eligibility criteria for applying for the SBI Elite Credit Card are as follows:
* You should be at least 21 years of age
* You should have a regular source of income
* You should have a good credit history
How much is the annual fee for the SBI Elite Credit Card?
The annual fee for the SBI Elite Credit Card is Rs. 4,999. However, this fee is waived for the first year.
