Apply SBI Card ELITE Business – Benefits, Offers, Rewards, Features

Do you want to apply SBI Card ELITE Business?. Then you are on the right page. In the previous article, we have given complete details about Bank of Maharashtra – SBI Platinum Credit Card. Through this article, We are going to provide SBI ELITE Business Credit Card details like Benefits, Features, Rewards, Offers. People who are applying for the SBI ELITE Business Credit Card has to check the complete details like Eligibility, Required documents, Privileges, Welcome gifts, Rewards, Features, cashback offers, Lounge programs, and shopping offers given by the SBI ELITE Business Credit Card.

Here, we have provided the image of SBI ELITE Business Credit Card. Also, you can check annual charges and late charges. We have also given a link to track your SBI ELITE Business Credit Card application status.  Continue reading this article to get more information about SBI Card ELITE Business.

Apply SBI Card ELITE Business - Benefits, Offers, Rewards, Features

About SBI ELITE Business Credit Card

EventsInformation
Card NameSBI ELITE Business Credit Card
BankSBI Bank
Card TypeCredit Card
Credit Usage LimitIt depends upon income, job & previous credit score of the cardholder.
Cash Usage LimitUsually 25% of the total Credit Limit.
Annual ChargesRs. 4,999/- + GST
Reward PointsAvail 5X Reward Points on Dining, Utility Bills payments & Office supplies

Get 2 Reward Points per Rs. 100 on all other spends (except fuel)

International UsageYes
Official WebsiteClick here

State Bank of India launched SBI ELITE Business Credit Card which is mainly useful for Entrepreneurs. This card came with excellent privileges and Features. The various benefits offered with this card include Welcome Gift, Elite Business Rewards, Yatra For Business, etc., Customers can enjoy the needs such as fuel, movies, shopping & others.

Card NameSBI Card ELITE Business
Age limit18 to 65 years
EligibilityExisting customers of SBI only can apply for this card.

Eligibility Criteria

To know the Eligibility of SBI ELITE Business Credit Card, check the below:

  • The applicant age must be in between 18 and 65 years.
  • The applicant should already have an account in SBI.
  • The card holder should be an Indian citizen.
  • This card will be given to the person on the basis of employment & previous credit score.

Required Documents

You have to submit the following documents while applying for this Credit Card:

  • PAN Card
  • Passport sized photographs.
  • Identity proof(any one)  – Aadhar card, Ration Card, voter card, PAN Card, Driving license.
  • Address proof(any one) – Utility Bills(telephone, electricity, etc.,), Ration card, Aadhar card.
  • Latest six months Bank statements, Last 3 months pay slips.

How to Apply SBI Card ELITE Business – Application process

To apply for Credit Card – Click here

Follow the below steps to apply for SBI ELITE Business Card:

  • To apply for your SBI ELITE Business Credit Card, visit the nearest SBI branch.
  • You should have to fill the Application form with necessary details like Name, Mobile number, City, Email ID, Card details, etc.,
  • Attach the required documents which are mentioned above.
  • Affix your photograph and submit the form.

Benefits/ Privileges

  • Welcome Gifts
  • Complimentary Movie Tickets
  • Milestone Privileges
  • ELITE Business Rewards
  • Lounge Access
  • Club Vistara Membership
  • Mastercard Global Linker
  • Lowest Forex Markup
  • Yatra For Business
  • Metro Cash & carry

Features

  • Mastercard Privileges
  • Contactless Advantage
  • Global Acceptance
  • Fuel Surcharge Waiver
  • Fraud Liability Cover
  • Cash Access Across the World
  • Safe and Secure
  • Easy Bill Pay Facility
  • Flexipay
  • Balance Transfer on EMI
  • Easy Money
SBI ELITE Business Credit Card Limit

The SBI ELITE Business Credit Card Limit depends upon the Job & income of the account holder. It is also based upon the previous credit score of the cardholder. There is no fixed limit for SBI ELITE Business Credit Card. To know about yourSBI ELITE Business Credit Card limit, SMS BAL where XXXX = Last 4 digits of your SBI or TATA Card number to 5676791 from your registered mobile number.

Welcome Gift

Welcome e- Gift Voucher worth Rs. 5,000. Choose from an array of travel & lifestyle brands i.e., Yatra for business, Hush Puppies/Bata, Marks & Spencer, Pantaloons and Shoppers Stop. You will receive an SMS to choose from e-voucher options within 15 days of annual fee payment and receive an e-voucher to mobile num. within 5 days of the request. For all the given brands except yatra for business and Shopper Stop you can use your e-gift voucher by showing the code at the respective brand store and Yatra for business and Shopper Stop you can redeem the code online at the time of purchase.

Complimentary Movie Tickets and Lowest Forex Markup

Free Movie Tickets worth Rs. 6,000 every year. The transaction is valid for min. of 2 tickets/booking per month. Max. discount is Rs. 250/ticket for 2 tickets only. Convenience Fee would be chargeable. This offer is valid on Primary Cards only. Your SBI Card ELITE Business offers you the privilege of the lowest Foreign Currency Mark-up Charge of 1.99% on International usage. You are also entitled to two Reward Points on every Rs.100 spent on International transactions.

Milestone Privileges and Mastercard Global Linker

Earn upto 50,000 Bonus Reward Points worth Rs. 12,500/year, upto 10,000 on achieving yearly spends of Rs. 3 lakhs & 4 lakhs and up to 15,000 on achieving yearly spend of Rs. 5 lakhs & 8 lakhs. Spend Based Reversal of yearly Fee on spends of Rs. 10 Lakhs. Join a growing community of SMEs, startups & entrepreneurs. Grow Your Business Network – Find buyers, suppliers, & customers. Save on Business Costs – Reduce business costs with offers from other SMEs. Read & Contribute Content – Access to Inspiring SME stories, Insights.

ELITE Business Rewards and Lounge access

Get 5X Reward Points on Dining, Utility Bills payments, and Office supplies. Earn 2 Reward Points per Rs. 100 on all other spends except fuel. Pay your card outstanding with Reward Points. 4 Reward Points = Rs. 1/-. 1% Fuel Surcharge Waiver across all petrol pumps(+ applicable GST). Maximum Surcharge Waiver of Rs. 250 per month per credit account. 6 complimentary visits per year to International Priority Pass Lounges, outside India (max. 2 visits per quarter). Eight complimentary visits per year to Mastercard Lounges inside the country (max. 2 visits per quarter). Offer is valid for Primary Cardholders only.

Club Vistara Membership and Yatra For Business

Enjoy complimentary Club Vistara Silver membership. Get 1 complimentary Lounge Access Voucher & 1 Upgrade Voucher. Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights. Offer is valid for Primary Cardholders only. Get INR 750 off on Flight bookings above INR 6000, once in a quarter. Get 20% off on Hotel bookings, once in a quarter. Self-service, GST compliant platform. Access to special corporate fares & hotel deals. Free rescheduling and low cancellation charges on flights. Free meals on-board flights. 1,00,000+ domestic hotels to choose from.

Metro Cash & carry

Earn 10 reward points (5X) per INR 100 on all spends at Metro Cash & Carry stores. Complimentary privileges through Bandhan- Loyalty program of Metro Cash & Carry. Up to a 2% discount on the purchase value. Exclusive billing desk & helpline services. Free delivery of goods/services within 60 km of city limits. Standard eligibility spends threshold doesn’t apply to SBI Card Prime Business Cardholders. All standard T&C’s of Bandhan program apply.

Mastercard Privileges

Enjoy up to 4 complimentary Green fees access per year and 1 complimentary Golf coaching/lesson per month at select Golf Courses in India. Enjoy up to 15% discount on best available room rates and up to 15% discount on F&B at Lalit Hotels. Enjoy a 25% flat discount on all bookings at Sarovar Hotels. Get up to 20% off on Hotels and Homestays at travelguru.com. Get up to 15% off on text classified and display classified at Bookmyad.com. Flat 30% off on Printvenue.

Fee and Charges

ChargesAmount
Fees
  • Annual Fee (one time) is Rs. 4999/-
  • Renewal fee, per annum: Rs. 4999/- from 2nd year onwards.
  • Add-on Fee (per annum): Nil
Extended Credit
  • Interest free credit period is 20-50 days, applicable only on retail purchases and if the previous month’s outstanding balance is paid totally.
  • Finance charges are up to 3.35% per month, 40.2% per annum from the withdrawal.
  • 5% of Total Outstanding Min. Rs.200 plus all applicable taxes + EMI based products + OVL amount.
Cash Advance
  • Cash advance limits up-to 80% of the credit limit, with a max. of Rs.15,000/- per day.
  • Free credit period: Nil
  • Finance charges were up to 3.35% per month, accounting to 40.2% per annum from the date of transaction
Cash Advance Fee
  • In SBI ATM’s or other domestic ATM’s: 2.5% of withdrawal, subject to a min. of Rs.300/-
  • International ATM’s are 3% of withdrawal amount, subject to a min. of Rs.300/-
Surcharges
  • Rs. 30 + 2.5% of transaction money for Railway tickets through counters.
  • 1.8% of transaction amount + applicable service charge, for Railway tickets through irctc.co.in
  • Petrol & all products/services sold at petrol pumps: 1% fuel surcharge waiver for each transaction between Rs. 500/-and Rs. 4,000/- exclusive of applicable taxes and all other charges. Maximum surcharge waiver of Rs.250/statement cycle & per credit card accounts. 1% of transaction amount for transaction Amount Between Rs. 500/- to Rs. 4,000/-
Other charges
  • Cheque Fee: Rs. 100/- (Payments made via cheque up to Rs. 10,000/-)
  • Payment Dishonor fee is 2% of the payment amount, subject to a min. of Rs. 450/-
  • The statement retrieval program is Rs. 100/- per a statement, which is 2 or more months old
  • The late payment charge is NIL for the total amount due from 0- 200 Rupees; Rs. 100 for the total amount due above Rs. 200 & up to Rs. 500/-; Rs. 400 for the total amount due above Rs. 500/- & up to Rs. 1000; Rs. 600 for the total amount due above Rs. 1000 & up to Rs. 10,000;  Rs. 800 for the total amount due above Rs. 10,000 & up to Rs. 25,000;  Rs. 950 for total charge due above Rs. 25,000.
  • Overlimit:  Overlimit amount of 2.5%, subject to a minimum of Rs. 500/-
  • Card replacement: Rs. 100/-
  • Card replacement, when abroad: Actual cost, with a min. of $175
  • Foreign currency transaction: Conversion mark up:1.99%
  • Dynamic Currency Conversion: Markup Fee: 3.50% (For All Cards Except Elite) 1.99%(For Elite Cardholders Only) (Only for transactions greater than or equal to Rs. 1,000)
  • Rewards redemption fee: Rs. 99/-
  • Priority Pass Lounge Charges: All Airport Lounge visits inside India through the Priority Pass Program will be charged with a 19 usage fee of $27 per visit + all applicable taxes.
  • Cash Payment Fees: Rs. 100/-

Track Application

  • To Track your Credit Card application status – Click here
  • To Retrieve your SBI ELITE Business Credit Card application status – Click here

SBI ELITE Business Credit Card Review

Taking into consideration of customers reviews, we have given the Pros and Cons of this Credit Card below:

Pros

  • Unique security features
  • New Benefits like Yatra For Business, Mastercard Global Linker and Lowest Forex Markup

Cons

  • Worst customer care service.
  • Charging extra bills without intimating to customers.
  • Annoying calls from customer care

Contact Details

SBI Cards and Payment Services Private Limited

Unit 401 & 402, 04th Floor,

 Aggarwal Millennium Tower,

E-1,2,3 Netaji Subhash Place,

Wazirpur, New Delhi -110034

Tel: 0124-4589803

Hope you may get the complete information of SBI ELITE Business Credit Card like About SBI ELITE Business Credit Card, Eligibility, Required Documents, How to Apply SBI Card ELITE Business, Benefits, Features, Rewards, Fees & charges, Tracking application details and Contact details. Don’t forget to share this article with your friends.

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