Welcome Benefits :- You get a Gift Voucher with a monetary value of Rs. 5,000 from any one of the following travel/lifestyle brands- Yatra, Bata/Hush Puppies, Aditya Birla Fashion (Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Simon Carter),  Pantaloons and Shoppers Stop as a welcome with the card.

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Rewards & Benefits :- 

Movie & Dining

Get free movie tickets every month (max benefit capped at Rs. 6,000 per year and Rs. 250 per ticket, offer valid for at least 2 tickets per booking per month), dining offers with up to 25% discount at partner restaurants (with American Express variant only)

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Rewards Rate

2 Reward Points on every Rs. 100 you spend on retail purchases, 5X Reward Points on dining spends, departmental stores, and grocery purchases (reward rate of 2.5%)

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Reward Redemption

Reward Points are redeemable against gift vouchers on sbicard.com or SBI mobile app or for paying the outstanding balance of the card, 1 Reward Point = Rs. 0.25

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Travel 

N/A

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Domestic Lounge Access

2 complimentary visits to domestic airport lounges every quarter

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International Lounge Access

6 complimentary visits to international airport lounges per year (max 2 per quarter) with the Priority Pass program.

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Fees & Charges :- 

Spend-Based Waiver

Renewal fee of Rs. 4,999 is waived on annual spends of Rs. 10 lakh or more in the preceding year

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Rewards Redemption Fee

Rs. 99 for every redemption request that you place.

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Foreign Currency Markup

3.5% + GST

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Interest Rates

3.6% per month (45% annually)

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Fuel Surcharge

1% fuel surcharge waiver on transactions between  Rs. 500 and Rs. 4,000 at all fuel stations across India (max waiver capped at Rs. 250 per month)

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Cash Advance Charges

1% fuel surcharge waiver on transactions between  Rs. 500 and Rs. 4,000 at all fuel stations across India (max waiver capped at Rs. 250 per month)

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Product Details :- 

• Gift Voucher worth Rs. 5,000 as a welcome benefit.

• 2 RPs on every Rs. 100 spent with the card except on fuel spends.

• 5X RPs on spends on dining, grocery purchases, and departmental stores.

• Up to 50,000 Bonus Reward Points (equivalent to Rs 12,500) every year on achieving the stipulated spend milestone (details below).

• Free movie tickets (max benefit capped at Rs. 6,000 in a year).

• 2 free domestic lounge visits per quarter.

• 6 complimentary international lounge visits in a year (max 2 visits per quarter).

• Complimentary lost card liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days after reporting the loss of card.

• A lower forex markup fee of 1.99% of the withdrawn amount.

• Exclusive concierge service for assistance regarding online doctor consultation, flower delivery, and gift delivery.

• Exclusive privileges from Visa/MasterCard/American Express (details below).

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Pros/Cons :-

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Pros

• With this card, you can enjoy welcome benefits worth Rs. 5000.

• You get 2 domestic lounge visits per quarter and 6 complimentary international lounge access in a year with the SBI Elite Credit Card.

Cons

• This card offers a lower reward rate compared to other cards available.