If you're searching for a premium card that can help you save money and earn rewards simultaneously, the SBI Elite Credit Card is worth checking out! This versatile all-purpose card is tailor-made for high-spenders and frequent travellers and provides a wide range of benefits in several categories, such as travel, movies, dining, rewards, and more. With a joining and annual fee of ₹4,999, you can earn a reward rate of 0.5% to 5% on all your spending. So, take a look at the card's features and decide if it's worth it for you. 👇
Aspects that make spending using this card lit as the sun!
E-gift vouchers worth ₹5000 upon joining.
Note: Brands to choose from are Shoppers Stop, Pantaloons, Hush Puppies/Bata and Aditya Birla Fashion.
Free movie tickets worth ₹6,000 every year, with a maximum discount of ₹250/ticket for 2 tickets per month.
Note: The Convenience Fee would be chargeable.
Assistance with gift delivery, flower delivery, and online doctor consultation.
Note: Call 1800-2121-68168 or email at email@example.com to avail.
1% fuel surcharge waiver, on every transaction between ₹500 and ₹4,000, at any petrol pump across the country.
Note: Maximum surcharge waiver available is ₹250 per statement cycle.
Facility of transferring other bank credit card balances to their SBI Card and paying back in EMIs.
Complimentary credit card fraud liability cover of ₹1 lakh, valid from the period of 48 hours prior to reporting of loss till 7 days post reporting of loss.
Think of these as small investments to keep your credit card running smoothly.
Annual Percentage Rate42%
Add-on Card FeeFree
Minimum Repayment Amount5%
Cash Withdrawal Fee2.50%
Cash Advance Limit80%
Card Replacement Fee₹100
Foreign Transaction Fee1.99%
Over Limit Penalty2.50%
Fuel Transaction Surcharge1%
Reward Point Value₹0.25
Balance from ₹0 to ₹500₹ 0
Balance from ₹500 to ₹1000₹ 400
Balance from ₹1000 to ₹10000₹ 750
Balance from ₹10000 to ₹25000₹ 950
Balance from ₹25000 to ₹50000₹ 1100
Balance more than ₹50000₹ 1300
Aspects that make this credit card amazing.
Aspects this credit card lacks.
Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!
According to reports, the upcoming credit card offering from Mukesh Ambani, Asia's richest man, is expected to be named 'Reliance SBI Card'. The new credit card is set to provide customers with a host of "exclusive" benefits that are designed to enhance their shopping experience.
It is launching two credit cards in collaboration with Reliance. The first one is called Reliance SBI Card and has a joining fee of Rs. 499. It offers basics such as discounts on shopping with Reliance Brands. The second one is called Reliance SBI Card Prime and has a joining fee of Rs. 2999. It offers more benefits such as complimentary lounge access along with discounts on Reliance Brands. SBI Card will release more information about these cards when they are launched officially.
As part of this program, SBI RuPay credit cardholders have the opportunity to link their card with their preferred UPI app and make transactions of at least Rs 100 during the offer period, which runs from October 12, 2023, to November 11, 2023. Upon meeting this requirement, they will receive a Rs 250 Amazon Discount E-voucher that can be used for either a 3-month or 12-month Amazon Prime membership.
Each cardholder is entitled to receive only one voucher, which will be sent via email to their registered email address on or before December 31, 2023.
The E-vouchers are valid until April 30, 2024, and can be used to extend Amazon Prime memberships by up to 12 months, with a limit of one extension per customer.
SBI and Axis Bank are leading the credit card market in terms of new cards added for the month of February. Axis Bank, with the new found customer base of Citi Bank showed a growth of 11.7%. In terms of new customers, the number stood at 2,00,000 new cards issued.
SBI on the other hand, singlehandedly lead the race with a growth of 19.8% for the same period, adding 3,00,000 new cards issued by the legacy bank.
Starting 1st May 2023, SBI will revise some of its cashback and discount services. Under the revision, the domestic airport lounge services will be discontinued. Apart from these, cashback on services like jewellery, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others will also be axed. The bank will also be setting a limit on cashback that can be availed through online and offline transactions to Rs 5,000 per statement cycle. These changes come after SBI cards recorded the highest new card issuances at 3,00,000 in February. Yet, SBI also experienced a 7% month-on-month reduction in credit card spending.
SBI Card ELITE provides you with the lowest foreign currency markup charge of 1.99% on international transactions. You will also receive 2 reward points for every Rs. 100 spent on international transactions. With the SBI Card Elite, you can enjoy these fantastic benefits on your international purchases.
The SBI Card Elite Advantage has been designed to complement your current spending habits. You can earn reward points with this credit card every time you make a purchase. This card provides cardholders with a variety of benefits, including welcome bonuses, fee waivers, entertainment bonuses, milestone bonuses, Trident Privilege Membership
Add-on cards are available to cardholders. It is simple to apply for an SBI add-on credit card. An add-on card is completely free. The add-on cards are available to all existing cardholders.
A Rs.1lakh fraud liability cover is provided to cardholders. You must report the loss within 48 hours of discovering it. You must go to the bank's website or call the SBI credit card customer service helpline. If you do not do this, you may be held liable for the entire loss.
If you lose your credit card while travelling abroad, you can contact international customer service and request that your card be blocked immediately. It's possible that you won't get a replacement card right away. It is essential to notify your bank and other financial institutions about the loss of your card in order to protect your funds and identity.