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ELITE 2022

ELITE Fee and Charges

Last Updated 17th Jan 2022
Joining fees₹ 4,999
First Year Annual Fees ₹ 4,999
Renewal Fees from 2nd Year ₹ 4,999
Interest Rate/ Finance Charges per month3.35%
Brand Partner N/A
Late Payment Charges ₹ 950
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ELITE Features

  • Safe & Secure transactions with chip card
  • Earn upto 50,000 Bonus Reward Points on your annual spends
  • Enjoy complimentary Club Vistara Silver and Trident Privilege Red Tier membership on joining this card
  • Get privilege of the lowest Foreign Currency Mark-up Charge of 1.99% on International usage
  • On every ₹ 100 spent on Vistara flights, 9 Club Vistara points will get credited to your account
  • Earn upto 500 bonus points on your first day stay and an additional 1,000 hotel credit for an extended night stay

ELITE Benefits

  • Free Movie Tickets worth ₹6,000 every year
  • Get 5X reward points on dining, departmental stores & grocery spends
  • Welcome e-Gift voucher of ₹5,000

ELITE Eligibility

An applicant needs to meet the following criteria to get ELITE from SBI:

  • Income: SBI requires a minimum monthly income of ₹ 60,000 or above is to be eligible for ELITE.
  • Age: The applicant should be of of minimum 21 years to be eligible for ELITE.
  • CIBIL: SBI require a minimum CIBIL score of 700 for issuing its ELITE.
  • Occupation: SBI offers this credit card to both, salaried and self employed professionals and businessman with regular source of income.
Eligibility ParametersCriteria
Income ₹ 60,000
Age Min 21 years
CIBIL Score700 and above
OccupationSalaried and Self Employed

More about Lifestyle Card

  • In India there are plethora of lifestyle cards which are available in the country. Lifestyle card offers host of upgrades, services and benefits for those who frequently prefer to go on holidays with family/friends and enjoy a luxurious and personalized travel and stay experience. These cards designed to cater the customer base who wish to live a luxury lifestyle.
  • Enjoy fine-dining with host of features such as priority booking, discount offers, rewards and customized support at participating restaurants.
  • Book flight tickets, hotel stay, movie tickets & recharge your mobile/DTH.
  • Get access to world class golf courses.
  • Some card offer a friendly escort to guide you in a new country, remove language barrier and ensuring that all arrangements are in place.
  • Complementary travel & medical insurance cover with some cards of this category.

More about Shopping Card

  • Shopping credit cards are the most popular category of credit cards as it helps people save on shopping various items. Shopping card offers attractive cash back or reward points, every time you spend a certain amount on pre-specified categories on the card. The demand for such cards is so high that almost all the banks are offering these cards. You can enjoy cash backs, reward points and schemes like one plus one.
  • Easy to pay on your online shopping deals.
  • Saves time and effort of paying in cash.
  • Allows conversion of your shopping bills into convenient monthly payments (EMIs).
  • Earn Discount/Cash back or rewards points offers on pre-specified categories of spend or shopping outlets including dining, departmental stores, grocery and international spends.

More about Premium Card

  • Get priority customer benefits
  • Premium card is generally issued to premium and regular customer of banks and comes with host of benefits. Benefits are available as a reward points on multiple spend categories such as dining, movie tickets, and travel and luxury lifestyle benefits. So, apply for a card which offers multiple benefits.
  • Cash points or reward points on dining, departmental stores, international spends.
  • Access to airport lounges.
  • Access to world class golf courses.
  • Complimentary travel insurance.
  • Personalised services.
  • Discounts on movie tickets, dining bills etc.

FAQs

What charges I need to pay as joining fee for ELITE of SBI?

Joining fee charged on SBI ELITE is ₹ 4,999.

What is the annual fee for ELITE ?

Annual fee charged on ELITE is ₹ 4,999.

Can I waive off my annual fee on ELITE ?

no waiver on your ELITE annual fee.

Is there any late payment charge on ELITE ?

No, SBI does not charge any late payment fee on your ELITE.

What is the second year renewal fee on ELITE ?

SBI charges a second year renewal fee of ₹ 4,999 on your ELITE

What is the interest charge per month on ELITE ?

SBI charges an interest of 3.35% per month on ELITE.


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SBI Credit Card News - Jan 2022
  • 2021-12-15 : SBI Launches Fitness Focused Credit Card
    State Bank of India has launched a fitness-focused credit card, SBI Pulse Card. The card provides welcome gifts such as Noise Color Fit Pulse Smartwatch worth Rs. 4999 and other health benefits.
  • 2021-12-01 : SBI Charges Processing Fees on Credit Cards
    State Bank of India will charge processing fees of Rs 99 with the tax on EMI transactions starting from December 1, 2021.
  • 2021-11-15 : SBI Introduces Processing Fee On EMI Transaction
    State Bank of India (SBI) will charge processing fee on all EMI transactions of credit card. The lender has decided a fee of Rs 99 plus tax for all the emi transactions. The new guidelines will be applicable from December 1, 2021. Such fee is also applicable on the transactions made on Amazon, Myntra and Flipkart.
  • 2021-11-01 : SBI Card Reports Net Profit At Rs 345 crore
    SBI Cards and Payment Services (SBI Card) posted a 67 per cent jump in net profit at Rs 345 crore for the September quarter. The profits are on the back of good growth in retail and corporate spends. Total income increased by 7 percent to Rs 2,695 crore during July-September period of FY22, from Rs 2,510 crore in Q2 FY21.
  • 2021-10-05 : SBI Partners With Indian Navy For Launch Of Credit Card
    State Bank of India (SBI) has introduced a new credit card- NAV-eCash Card- in partnership with the Indian Navy. The card is enabled with dual-chip technology which will enable online as well as offline transactions. This card is only for the officers who are posted at the countrys largest naval aircraft carrier INS Vikramaditya.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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