Apply SBI Card ELITE – Benefits, Eligibility, Cashbacks, Rewards

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Do you want to apply for SBI Card ELITE credit card?. Then you are on the right page. In the previous article, we have given complete details about PNB Business Debit Card. Through this article, we are going to provide all the SBI Card ELITE details like Require documents, Benefits, Eligibility, privileges, Rewards. People who are applying for the SBI Card ELITE credit card has to check the complete SBI Card details like Eligibility, Require documents, benefits, Welcome gifts, ELITE rewards, Lounge programs, Privileges, cashback offers, movie offers and shopping offers given by the SBI Card ELITE credit card.

Here we have provided the image of SBI ELITE Credit Card. Also, you can check annual & late payment fees. We have given a link to track your SBI Card ELITE application status. Let’s check the complete details.

SBI Card ELITE

About SBI Card ELITE Credit Card

EventsInformation
Card NameSBI Card ELITE Credit Card
BankSBI Bank
Card TypeCredit Card
Credit Usage LimitIt depends upon the income, job & previous credit score of the cardholder.
Cash Usage LimitUsually 25% of the total Credit Limit
Annual ChargesRs. 4999/- + GST
Reward PointsGet up to 5X Reward Points on Dining, Departmental stores & Grocery Spends

Earn 2 Reward Points per Rs. 100/- on all other spends (except fuel)

International UsageYes
Official WebsiteClick here

SBI Card ELITE Credit Card is given by the SBI Bank to the eligible applicant of the age group 21 to 70 years. SBI Card ELITE Credit Card applicant must be an existing SBI Bank customer and they must be the Indian citizen. The card offers airport lounge access by the complimentary Priority Pass Membership & airline benefits under the Club Vistara Silver Membership. An excellent rewards program allows you to make the most of every rupee you spend on your card.

Card NameSBI Card ELITE credit card
Age limit21 to 70 years
EligibilityExisting SBI Bank customer only can apply for this card

 

Eligibility Criteria

To apply for the SBI Card Elite credit card, the applicant should have the following criteria:

  • For Salaried Employees the Eligible age is in between 21 and 70.
  • For Business/ Self Employed people the Eligible age is in between 25 and 70.
  • The Salaried Employee gross monthly income must be Rs.16,000.
  • The Self Employer Annual income must be Rs.3,00,000.
  • Applicant must be the existing customer & have an active credit history in SBI Bank.
  • Applicant residential address must be in live location in India.

Required Documents

SBI will ask some documents while applying for SBI credit card. You have to submit the below-mentioned documents:

  • Application form and 2 passport size photos.
  • Identity proof – Aadhar card, Driving license, pan card, voter card, passport, Overseas Citizen of India card.
  • Address proof – passport, Driving license, Aadhar card, voter ID, Utility bills.
  • Income proofs – 1 or 2 Latest payslips,  Last 3 months Bank statements or Latest Income certificate.

How to Apply SBI Card ELITE Credit Card – Application process

To apply for SBI ELITE credit card – Click here

Follow the below steps to apply SBI Card ELITE:

  • Visit the official Website of SBI – www.sbicard.com
  • From the menu click on “personal”> “Credit cards”.
  • From the drop-down list click on “Lifestyle”>SBI Card ELITE
  • The detailed page of SBI Card ELITE appears and which upon scrolling shows “Apply now for SBI Elite Credit Card” option.
  • Here fill up the details like First name, Mobile number, City and Email ID.
  • Once check the details and click on ‘Apply’ button.
  • And then submit further personal and employment details for verification.
  • After completion of verification, an SBI executive gets in touch.

Benefits/Privileges

  • Welcome Gifts
  • Complimentary Movie Tickets
  • Milestone privilege
  • Elite Rewards
  • International Lounge Program
  • Domestic Lounge Program
  • Club Vistara Membership
  • Trident Privilege Membership
  • Lowest Forex Markup
  • Exclusive Concierge Service
Features of SBI Card Elite Credit Card
  • Daily purchases
  • Fast & Convenient
  • Security
  • Fuel Surcharge Waiver
  • Global acceptance
  • Cash Access Across the World
  • Easy Bill Pay Facility
  • Flexipay
  • Balance Transfer on EMI
  • Easy Money
Welcome Gift

To enable Welcome e-gift voucher of worth Rs.5000,  you will receive an SMS to choose from e-voucher options within 15 days of annual fees payment and the e-voucher will be sent to your registered mobile number/e-mail ID, within 5 days of the request. You can redeem your e-gift voucher by showing the code at Pantaloons, Shoppers Stop & Hush Puppies /Bata. You can redeem the code online for Yatra and Shopper Stop at the time of purchase.

Reward points for shopping and movie spends

By spending on Dining, Departmental stores and Grocery stores get 5x Reward Points, Earn two Reward Points per Rs. 100 on all other spends, except fuel.  Pay your card outstanding with Reward Points. 1 Rupee for 4 Reward points. Exclusive assistance with gift delivery, customized holiday packages, movie & hotel reservations. Transaction valid for 2 tickets per booking per month. Maximum discount for 2 tickets is Rs. 250/ticket and free ticket worth Rs.6000/- per year.

Domestic and International Lounge Programs

Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India for Limited period. Use your SBI Card ELITE at the respective lounges to avail the offer. Membership to the Priority Pass Program worth $99, 6 complimentary Airport Lounge visits per year, outside India (maximum 2 visits per quarter), access over 1000 Airport Lounges worldwide.

Membership facilities

Get Trident privilege Red Tier membership of 1,000 Welcome Points on registration and enjoy 1,500 Bonus Points on your first stay & additional Rs. 1,000 hotel credit on extended night stay. Get 1 complimentary Club Vistara Silver Membership Lounge Access Voucher and 1 Upgrade Voucher. Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights. Offers valid only for Primary cardholders.

Milestone privileges and Lowest Forex Markup

Earn 10,000 bonus Reward Points on spending Rs.3 lakhs and 4 lakhs per anum & 15,000 bonus Reward Points on Rs. 5 lakhs and 8 lakhs per anum. Earn up to 50,000 Bonus Reward Points worth Rs. 12,500/- per year. SBI Card ELITE offers the lowest Foreign Currency Mark-up Charge of 1.99% on International usage and you are also entitled to 2 Reward Points on every Rs.100 spent on International transactions.

Fees and Charges

ChargesAmount
Fees
  • Annual Fee (one-time) :Rs. 4,999,
  • Renewal Fee (per annum): Rs. 4,999 from second year onwards,
  • Add-on Fee (per annum): Nil
Extended Credit
  • The interest-free credit period is 20-50 days, applicable only on retail purchases and if previous month’s outstanding balance is paid in full.
  • Finance charges are up to 3.35% per month, (40.2% per annum), from the date of transaction.
  • Minimum amount due is 5% of Total Outstanding (Min. Rs.200 plus all applicable taxes &  EMI based products + OVL amount
Cash Advance
  • The limit is up to 80% of the credit limit, with a maximum of Rs. 15,000 per day
  • The free credit period is Nil
  • Finance charges were up to 3.35% per month where 40.2% per annum, from the date of withdrawal.
Cash Advance Fee
  • For SBI ATMs or other ATM’s, 2.5% of the transaction amount, subject to a minimum of Rs. 300.
  • For International ATM’s, 3% of the transaction amount, subject to a minimum of Rs. 300
Surcharges
  • Rs. 30 + 2.5% of the transaction amount for Railway tickets through counters.
  • 1.8% of transaction amount + service charge,for Railway tickets through irctc.co.in
  • Petrol and other products or services sold at petrol bunks is 1% fuel surcharge waiver for each transaction between Rs. 500 and Rs. 4,000, excluding all applicable taxes, wherever applicable & all other charges.
  • Maximum surcharge waiver of Rs. 250 per statement cycle, per credit card accounts. Between Rs. 500 to Rs. 4,000, 1% of the transaction amount is applicable.
other charges
  • Statement retrieval: Rs. 100 per statement i.e., more than 2 months old
  • Payment Dishonor fee is 2%, subject to a minimum of Rs. 450
  • Cheque Fee: Rs. 100 (Payments made via cheque up to Rs. 10,000)
  • Late payment charge is NIL for Total Amount due from 0- 200 Rupees; Rs. 100 for the total amount due greater than Rs. 200 & up to Rs. 500; Rs. 400 for the total amount due greater than Rs. 500 & up to Rs. 1000; Rs. 600 for the total amount due greater than Rs. 1000 & up to Rs. 10,000;  Rs. 800 for the total amount due greater than Rs. 10,000 & up to Rs. 25,000;  Rs. 950 for total charge due greater than Rs. 25,000.
  • Overlimit:  2.5% amount subject to a min. of Rs.500
  • Card replacement: Rs. 100
  • Emergency card replacement, when abroad: Actual cost (subject to a minimum of $175)
  • 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. 1000)
  • Foreign currency transaction: Conversion mark up: 1.99%
  • Rewards redemption fee: Rs. 99
  • Priority Pass Lounge: All Airport Lounge visits within India through this Program will be charged with a 19 usage fee of $27 per visit + applicable taxes. All Airport Lounge visits internationally through the Priority Pass Program, after exhausting the complimentary visits, will be charged with a usage fee of $27 per visit + applicable taxes.
  • Cash Payment Fee: Rs. 199
Track Application
  • To track your SBI ELITE Credit Card application – Click here
  • To Retrieve your SBI ELITE Credit Card application – Click here

SBI ELITE credit card Review

Pros and cons of SBI Card ELITE, basing upon customers reviews:

Pros 

  • Benefits are given by the SBI
  • Offers in Yatra.com, Bata /Shoppers stop, and Hushpuppies.
  • Privilege membership programs.

Cons

  • Annoying customers with their calls.
  • Applying extra charges.
  • worst customer care service.
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,

Fax: 0124-3987306

Hope you may get complete details of SBI Card Elite Credit card like about SBI Card Elite, Eligibility, Documents required, How to apply SBI Card Elite Credit card, Benefits, Privileges, Rewards and Fees and charges. Don’t forget to share this article with your friends.

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