The SBI Elite Credit Card is one of the premier offerings by the State Bank of India (SBI), designed for individuals seeking premium benefits and services. From reward points to exclusive lounge access, the SBI Elite Credit Card provides a range of features that cater to the lifestyle needs of its users.
In this article, we will explore everything you need to know about the SBI Elite Credit Card, including its benefits, maximum credit limit, lounge access privileges, and more.
SBI Elite Credit Card
The SBI Elite Credit Card is a premium credit card that offers a plethora of benefits and rewards customized for high-net-worth individuals. It is ideal for those who frequently travel, dine out, and shop, offering rewards in the form of points, discounts, and cashback on various transactions.
- Annual Fee: ₹4,999 (plus applicable taxes)
- Welcome Gift: e-Gift vouchers worth ₹5,000 from top brands such as Yatra, Hush Puppies, Pantaloons, Shoppers Stop, and others.
- Reward Points: 2 reward points for every ₹100 spent on retail purchases, except fuel.
SBI Elite Credit Card Benefits
The SBI Elite Credit Card offers numerous benefits that make it an attractive choice for premium users. Here’s a detailed look at the key benefits:
- Welcome Benefits: Receive e-Gift vouchers worth ₹5,000 upon paying the joining fee.
- Reward Points: Earn 2 reward points for every ₹100 spent on retail purchases (except fuel). Earn 10 reward points for every ₹100 spent on dining, departmental stores, and grocery shopping.
- Milestone Benefits: Get up to 50,000 bonus reward points worth ₹12,500 on annual spends of ₹3 lakh and above.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on fuel transactions of ₹500 to ₹4,000, up to a maximum of ₹250 per statement cycle.
- Lounge Access: Complimentary lounge access at domestic and international airports, detailed below.
- Golf Privileges: Complimentary golf lessons at select golf courses in India.
- Concierge Services: 24×7 concierge services for assistance with bookings, travel, and other lifestyle needs.
- Movie Tickets: Get up to ₹6,000 cashback annually on movie tickets booked through BookMyShow or INOX.
SBI Elite Credit Card Maximum Limit
The maximum credit limit on the SBI Elite Credit Card varies based on several factors, including the applicant’s income, credit score, and repayment history. Generally, the credit limit for SBI Elite Credit Card holders can range from ₹2 lakh to ₹10 lakh or more, depending on the customer profile.
Factors Influencing the Maximum Credit Limit:
- Income Level: Higher income levels can result in a higher credit limit.
- Credit Score: A good credit score (750 and above) can lead to a higher limit.
- Repayment History: A clean repayment history with no defaults can positively influence the credit limit.
- Existing Relationship with SBI: Long-standing SBI customers may receive a higher limit based on their banking relationship.
SBI Elite Credit Card Lounge Access List
One of the standout features of the SBI Elite Credit Card is its lounge access privileges, offering cardholders a luxurious experience while traveling.
Domestic Lounge Access:
- Unlimited complimentary access to domestic airport lounges in India with the Visa/Mastercard Lounge Access program.
- Access is available at major airports like Delhi, Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, and more.
International Lounge Access:
- 6 complimentary international airport lounge accesses per calendar year through the Priority Pass membership.
- Cardholders can use the Priority Pass at participating lounges across various international airports.
Airport | Lounge Name | Location | Access Type |
|---|---|---|---|
Delhi (IGI Airport) | Plaza Premium Lounge | Terminal 3, Domestic Departures | Domestic |
Mumbai (Chhatrapati Shivaji) | Loyalty Lounge | Terminal 2, Domestic Departures | Domestic |
Bangalore (Kempegowda) | Plaza Premium Lounge | Domestic Departures | Domestic |
Dubai International Airport | Marhaba Lounge | Terminal 3, Concourse A | International |
London Heathrow Airport | No.1 Traveller Lounge | Terminal 3 | International |
Singapore Changi Airport | Ambassador Transit Lounge | Terminal 2 | International |
SBI Elite Credit Card Lounge Access
Lounge access is one of the significant benefits of the SBI Elite Credit Card, providing cardholders with comfort and luxury while traveling.
- Domestic Lounge Access: Enjoy unlimited complimentary access to domestic lounges across India, where you can relax and enjoy complimentary refreshments, Wi-Fi, and more.
- International Lounge Access: With the Priority Pass membership, cardholders can access over 1,000 lounges worldwide. Each calendar year, the first six visits are complimentary, allowing travelers to enjoy premium services at international airports.
Comparison of SBI Elite Credit Card with Other Premium Cards
To better understand the value offered by the SBI Elite Credit Card, let’s compare it with other popular premium credit cards in the market.
Feature | SBI Elite Credit Card | HDFC Regalia Credit Card | ICICI Bank Sapphiro Card |
|---|---|---|---|
Annual Fee | ₹4,999 + taxes | ₹2,500 + taxes | ₹6,500 + taxes |
Welcome Benefits | ₹5,000 e-Gift vouchers | 2,500 Reward Points | ₹9,000 vouchers |
Reward Points | 2 points/₹100 on retail spends | 4 points/₹150 on spends | 2 points/₹100 on international spends |
Lounge Access (Domestic) | Unlimited (Visa/Mastercard Lounge) | 12 per year (Visa/Signature Lounge) | 2 per quarter (Domestic) |
Lounge Access (International) | 6 per year (Priority Pass) | 6 per year (Priority Pass) | 4 per year (Dreamfolks/DragonPass) |
Fuel Surcharge Waiver | 1% (₹500-₹4,000) | 1% (₹400-₹5,000) | 1% (₹400-₹4,000) |
Movie Benefits | Up to ₹6,000 cashback/year | N/A | Buy 1 Get 1 offer |
How to Apply for the SBI Elite Credit Card?
Applying for the SBI Elite Credit Card is a straightforward process. Here’s how you can apply:
- Online Application:
- Visit the official SBI Card website.
- Navigate to the SBI Elite Credit Card page and click on “Apply Now.”
- Fill in the required details, including your personal and financial information.
- Submit the application and wait for a representative to contact you for further processing.
- Offline Application:
- Visit the nearest SBI branch.
- Request an SBI Elite Credit Card application form.
- Fill out the form and submit the necessary documents, such as proof of identity, address, and income.
- Your application will be processed, and you will be notified of the approval status.
Eligibility Criteria:
- Minimum age of 21 years for salaried and 25 years for self-employed individuals.
- Stable income and employment history.
- Good credit score and repayment history.
Frequently Asked Questions
The annual fee for the SBI Elite Credit Card is ₹4,999 plus applicable taxes.
You earn 2 reward points for every ₹100 spent on retail purchases (except fuel) and 10 reward points for every ₹100 spent on dining, departmental stores, and groceries.
You get unlimited complimentary domestic lounge access and 6 complimentary international lounge accesses per year with the Priority Pass membership.
The maximum credit limit depends on your income, credit score, and relationship with SBI. It typically ranges from ₹2 lakh to ₹10 lakh or more.
Yes, you can apply for the SBI Elite Credit Card online through the SBI Card website.
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