SBI offers very few premium credit cards and SBI Elite Credit Card is one of them. It stands between Sbi Prime (semi-premium card) and SBI Card Aurum (super premium card).
It was previously issued as SBI “Signature” Credit Card long time ago, which I was holding for sometime before they devalued it and made it as SBI Credit Elite. Here’s everything you need to know about the SBI Elite Credit Card in it’s current form.
Table of Contents
Overview
| Type | Premium Credit Card |
| Reward Rate | 0.5% – 2% |
| Best for | Milestone benefits |
| USP | Movie benefit |
SBI Elite Credit Card is a decent premium credit card, which is good for those who prefer milestone benefits along with the lucrative monthly movie benefit.
However, SBI Elite Card shouldn’t be a choice for most, which you’ll know why shortly.
Joining Fees
| Joining Fee | 4,999 INR + GST |
| Welcome Benefit | Rs. 5,000 e-gift Voucher |
| Renewal Fee / Annual Fee | 4,999 INR + GST |
| Renewal Benefit | Nil |
| Renewal Fee waiver | On spending >10 lakhs |
- Welcome Gift Voucher Options: Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop.
When it comes to renewal, if the renewal spend criteria is met, they usually charge the fee & then refund it back after a week. I wish they rather not charge at all, just to avoid confusion.
To apply, You’ll need to open the link on desktop (not mobile), click on “start apply journey” and click on “change card” and choose your preference.
Design
I’ve had a look at the SBI Elite Credit Card in person multiple times in the last few years and it looks beautiful for sure.
Rewards
| SPEND TYPE | REWARD POINTS | REWARD RATE |
|---|---|---|
| Regular Spends | 2 RP / 100 INR | 0.50% |
| Dining, Departmental stores & Grocery Spends | 10 RP / 100 INR | 2.5% |
- 1 Reward Point Value: Rs.0.25 (can be adjusted as statement credit)
- Category exclusions apply, just like most other SBI Cards
Milestone Rewards
| Annual SPEND | MILESTONE Benefit | SAVINGS (Cumulative) | Reward Rate |
|---|---|---|---|
| 3 Lakhs | 10,000 Points (2,500 INR) | 10,000 Points (2,500 INR) | 0.8% |
| 4 Lakhs | 10,000 Points (2,500 INR) | 20,000 Points (5,000 INR) | 1.2% |
| 5 Lakhs | 15,000 Points (3,750 INR) | 35,000 Points (8,750 INR) | 1.7% |
| 8 Lakhs | 15,000 Points (3,750 INR) | 50,000 Points (12,500 INR) | 1.5% |
The spend-linked milestone benefit is the key feature of the SBI Elite Credit Card, as this alone can offer a return of 1.5% on 8L annual spends.
And if you add the regular rewards, assuming 0.5% on regular retail spends, that’s a decent 2% reward rate.
Not to forget that SBI Signature credit card (no more available) used to offer a 3% reward rate with which I earned Rs.18,000 Cashback in the past.
Movie Tickets
- Max Tickets: 2 per month, 250 INR/ticket = 500 INR savings a month
Complimentary movie tickets worth Rs.500 per month is an excellent benefit on this card and is undoubtedly the favourite benefit for most Sbi Elite Cardholders.
Airport Lounge Access
| ACCESS TYPE | ACCESS VIA | LIMIT |
|---|---|---|
| Domestic (Primary) | Visa / Mastercard | 2/Qtr |
| International (Primary) | Priority Pass | 6 (Max: 2/Qtr) |
Remember, both lounge benefits applies only for Primary SBI Prime Credit Card holder and not to forget that the Priority Pass expires in 2 Years.
Other Benefits
- Fuel Surcharge Waiver: Enjoy 0% surcharge (Minimum transaction of INR 500. Maximum waiver of INR 250 per statement cycle)
- Foreign Exchange Markup fee: 3.5% + Service Tax
- Club Vistara Silver & Trident Red Tier membership
- Golf sessions via Mastercard World benefit.
- Personal Concierge Service: Global Concierge Assistance for all your travel & other needs. Its kind of virtual assistant service over phone.
The concierge service available with this card is the same as that provided on SBI Aurum Credit Card. Though I’m unsure if they’re still providing it on Elite cards.
Should you get it?
- Quick answer: No
Long answer: If you’re a movie buff who can take advantage of the benefit every month, I think it’s a decent card. Let’s see how the reward rate changes with the Movie benefit:
- You get 2% return on 8L regular spends
- You get 1.35% return on 10L regular spends (with annual fee waiver)
- You get 2% return on 10L spend + if you avail movie benefit every month
So the maximum return that you could get from the card is only 2%, which is too low in 2024 for 10L annual spends.
In most cases that I’ve personally seen, if one has higher spends of about 10-12L a year and looking for a best SBI Card, then SBI Aurum Credit Card is a much better choice over SBI Elite Credit Card any day.
But of-course if you’re not eligible for Aurum Card and still need movie benefit, then SBI Elite Credit Card might just serve the purpose.
To apply, You’ll need to open the link on desktop (not mobile), click on “start apply journey” and click on “change card” and choose your preference.
Bottomline
- Cardexpert Rating: 3/5
While the SBI Elite Credit Card was a decent option in the past especially due to it’s movie benefits, I don’t think it’s a preferred choice in 2024.
The Cashback SBI Credit Card now offers a straightforward 5% cashback on online spends, and even the SimplyClick SBI Credit Card that comes at a very low fee provides a sweet 5% return on 2L annual spends.
These 2 cards are a gem not only within SBICards but also across the banks in India. If your spends are on the higher side, you should explore Aurum SBI Credit Card which comes at a pretty good reward rate on 1L monthly spend.
Do you think SBI Elite card is for you? Do share your views in comments below.
Don’t understand why sbi cards are having that much joining fees compared to hdfc and citi cards. This card is perfect example, i think sbi cards are overrated.
hmm, it is quite interesting. After reading this review, i decided to go ahead and get the SBI Visa Signature card and to my suprise, it is not accepting any applications.
Is SBI phasing out its Visa variant to bring out the MasterCard variant in Elite?
I don’t think they stopped issuing. Try offline/online application. Once has to go through at-least.
Its one of their premium card and is very unlikely to happen.
Hey Sid,
I’m having my doubts whether this is on world elite or just the name of this card is elite. As far as I enquired, none of the bin checker site confirms it’s on world elite. All of them says it’s just world.
Can you re-confirm it?
Same happened with me. Not possible to apply for signature visa on sbicard.com
Surely a tactic to get Elite more applications.
When you try to compare elite and signature on their site, it gives identical results. Its misleading and a trap
Looks like they’re trying to give more business to Mastercard over Visa for some reason.
Try to apply via branch.
They are offering me upgrade from prime to elite is it worth.
Can u please suggest me siddharth
Some news:
SBI Elite – Visa Signature arrived in my mail today, when I had applied for SBI Visa Signature card.
I believe SBI has stopped issuing ‘SBI Signature’, and now issues ELITE SIGNATURE, with identical milestones as ELITE card (3,4,5,8 lakhs instead of 2,3,4,5 lakhs).
So while I will keep this card, I would not renew it next year.
That’s interesting to know. Yes, Elite card is not so ELITE.
OMG, I received my SBI SIGNATURE CARD statement this month. I have received a communication in the statement that “>Dear SBI Cardholder, w.e.f. 15 Sept. 2016, Bonus Reward Milestones for your SBI Signature/ Signature Contactless Card will be revised. You will earn 10,000 Bonus Reward
Points each at Rs. 3 lakhs & Rs. 4 lakhs annual spends and 15,000 Bonus Reward Points each at Rs. 5 lakhs & Rs. 8 lakhs annual spends. Annual fee will be reversed on
spends of Rs. 10 lakhs or more in previous year. In all future communication from the effective date, your card will be referred as ‘SBI Card ELITE’.”. So, no more signature card from SBI it seems. I don’t know whether this message is intended only to me or to everybody else holding a SBI SIGNATURE CARD.
Vinod,
Am yet to receive. But yes, its obvious and i expected this to happen someday or other.
Because 3% as cashback is actually quite much 🙂
I have also received similar statement and more so it looked as if they have converted signature card to elite which os unethical, as we get less points on elite than signature.
i havent got my statement yet, will it make sense to surrender signature card and get Elite card issued later. 🙂 and take the 5k gift voucher aswell..! Serious Qn, pls suggest.
regards..
Tanu
Not suggested, as Signature card is better than Elite one.
i should have surrendered it i guess Siddharth… 🙁
Just got message from SBI team that SBI Signature is now SBI Elite. 🙁
I applied for visa signature and received elite visa signature with similar features I think they changed the card type now.
Is this card worth the trouble for BookMyShow coupons, or should we look elsewhere? Any comments on the RBL Fun+ card?
Yes, Its worth it for BMS offer. Will review it in sometime 🙂
I got my Elite CC 2 weeks ago. Handsome limit. SBI didn’t ask for any income proof. Just the PAN & address proof. Based on the CIBIL score they gave a very good limit.
Annual fee 4999+tax+unknown stuff = 5700+
If annual spend is 10Lac, next yr annual fee waived off.
Accelerated points are less attractive compared to SBI Signature CC.
4 points = Rs 1 confirmed.
250×2 = Rs 500 per month off on BookMyShow.
2 complimentary visits/quarter in Airport Lounges.
They also issue cards based on savings a/c transactions & Card on card basis for which they don’t ask for IT.
how long does it take to receive the cc by post from the day of application
Hi Siddharth,
Any idea about the difference between Elite and Elite Advantage?
I checked it online in sbi site and I couldn’t find any.
I currently have HDFC Moneyback card and Citibank Rewards card which I don’t like.
I’m looking for a card with Lounge access and Bookmyshow discounts. SBI Elite has both these.
Any other recommendations?
Also can you tell me about the voucher on Yatra? Does it come with restrictions?
As far as i know, “Advantage” is FD based card.
HDFC Regalia is good for lounge access and overall reward rate.
Unsure about yatra voucher. Haven’t used.
siddharth yatra voucher works absolutely fine as it is promised, I’ve the same SBI Elite visa signature it got this on October 2017 and utilized yatra voucher in January for flite in march, and the best point was that there was no condition to use it-
Total Flight Price
Rs. 11,466.00
(-) Discount
(-)Rs. 5,000.00
Travel Assistance and Insurance
Rs. 538.00
Online Processing Fee
Rs. 820.00
You paid
Payment Mode : CreditCard
Rs. 7,824.00
and this was as easy to get, just call cx care she sent me a messege and an email with code.
after using the card for months i believe this is completly worth paying annual fees of aprox 6000/-
because every month we get 500/- off on movie ticket plus it’s parterns coupon of 5000/-
if we calculate we see we are getting benifit of 11000/- (500*12 for movies +5000 voucher against annual fee) upon paying apporx. 6000/- every year… plus reward points 🙂
Exaactly, its the same reason I have kept this card…. I feel worth paying 5K PA.
Common, very useful features …..
1. Movie Tickets
2. Domestic & International lounge access
3. Fairly good reward point
Not commonly used..
1. ITC membership
2. Club Vistara membership
Overall great card, thanks
Would it be a nice idea to pay the Annual fee and getting it back as Yatra voucher.
And then using the card for the BookMyShow offer alone for one year and then closing the card? (Assuming they don’t introduce the quota). As currently this is the only card i could see which provides offer on BMS without quota limit.
Because I’m not a person who could spend lacs and lacs with the credit card.
Max would be around 2 lac in a year for me for which I have HDFC already.
Yes, you can do that for sure.
how to avail the offer voucher of Rs 5000.00 ?
Could not find th mastercard elite variant on teh SBicards site on the Visa variant. Are they not acce\pting new applications for this ? What are the beenfits of Mastercard over visa ?
Iam new to credit card and i applied for sbi elite card but i want to know when they charge and how they deduct the annual fees which is 4999 plus taxes and renewal fees
It will be charged to the first month statement.
Hi,
Just an update SMS i received from SBI, says that the foreign txn markup fees stand corrected to 1.99% + tax now.
Reduced from an earlier 3.5%. I guess this is how they want to take on HDFC Regalia.
This definitely adds some value on this card for ppl who have overseas expenditure.
Are you also getting accelerated points?
I also got this SMS that says the foreign txn markup fees stand corrected to 1.99% + tax now, and I didn’t got my accelerated reward points for the transactions which I did this month.. I am also seeing a new SBI Elite Advantage card listed in SBI website, but more or less it provides same feature as that of SBI Elite, note sure what is the difference.
“Advantage” is nothing but a secured card.
Yes, markup fee reduced but its effective rate is 0.5% loss. Will write an article on that shortly.
Hi
Sid please Sbi card elite how many limit
Now it is only available in visa. I wanted a mastercard though.
Is the BMS offer available only for a limited period of time? or its till you use the card?
Its a default/inbuilt feature.
Dear Siddharth,
I m using SBI signature card since last one year.
I have paid annual fees Rs5000/- plus tax. I was expecting gift voucher of Rs 5000/- but after speaking with SBI card customer care person, informed that now this offer is cancelled and your card has converted SBI signature elite .
I am very much upset , pl suggest shall I have surrender the card , as I don’t use much credit card
My annual use in less than 2 lakh
Yes, you must go for Simply Click instead. Elite is for high spenders to get good value back.
Hi Siddharth,
Thanks for the info. My first year is going to be completed with SBI Elite card and now the renewal charges of Rs 5000 + tax will come. My annual spend is around Rs. 5-6 lacs. What do you suggest should I go with the renewal or should I go for another credit card?
Consider downgrading it to simply click.
Two additional benefits with Elite announced recently:
1. Complimentary Club Vistara Silver membership along with 1 lounge access voucher and 1 upgrade voucher.
2. Complimentary Trident Privilege Red Tier membership.
I’m soon going to use the lounge benefit for 1st time on my SBI Elite card. Wanted to know if you have used it @ domestic lounge of Mumbai T2. Is entry free for add on cardholder too? Since I’m flying with wife, don’t want any embarrassment!
If its Mastercard, yes you have access, only for primary cardholder.
yes even add on card also separate lounge benfit
received elite signature card,my annual usage is around 3 lakhs only, i think i am unable to use the other offers of the card. I can surrender the card without start using it,if i surrender what are the charges i have to pay.
You recommended I should get this SBI Elite over Prime. However, it seems the prime has better rewards. Please clarify and update if there is a change to Elite rewards to match that of prime?
Looks like they are going the Amex way where the Amex Platinum Charge card has lower rewards compared to the Amex Travel Card
SBI Elite because you spend more also has more benefits. SBI Prime is good for spends around 3L.
Please update the article with latest updatation such as 10 lac spend based waiver on annual fee, free priority pass usage allowance, club vistara membership.
Elite card is a fantastic option, especially when HDFC cards are witnessing massive devaluations.
Yes you pay Rs. 5750/5900 to begin but you get value back easily by way of shopping voucher.
More over this card offers you best movie benefits, no spend conditions, no day of the week conditions, no 1+1 etc. By 2 or more tickets and 500 Rs. Are reduced from amount payable.
Trident & Vistara Siler membershup are icing on the cake.
And than there are periodic Visa offers like 15% discount on medicines at Apoolo farmacy ,& others.
10000 extra points if you reach annual spends of Rs. 3 lacs.
So even if you pay 5K as renewal fee, you get all the amount in cash back plus some. And Rs. 6000 worth of movies to top that.
Definitely worth a DEKHO ☺
Meh… reward rate of 0.25paise/RP is a dampener.
Holding elite since quite a time now. This card betters an amex card. Plus you get a 10X earning possibility here that I don’t get on my amex . Catalog redemptions are the best way to utilise elite. 50000 RP will give you a 16000 INR yatra voucher (that gives a 1RP=0.32 p instead of 1RP =0.25p). Also, SBI is much more reliable than HDFC that recently announced changes on Diners Club, making them almost useless.
Dear Siddharth,
I have a Titanium Card…..do you think I can get an upgrade to the Elite Card.
On the Annual Income side, I easily cross all the criteria.
Even if your spend is > 10 lakhs, the rewards are not that greater in Elite vs. what you get in Prime.
Elite – 12,500 Rs. worth of RP + BMS Vouchers of 6,000
Prime – 11,000 Rs. worth Gift voucher + (BMS offer of 1+1 if you have Visa Signature) + RP earnings are better on Utility and Grocery.
It is a no brainer in favour of Prime if spending < 10 lakhs as extra 5k renewal on Elite.
Are you sure BMS offer on Prime?
But it has fixed quota and difficult to score unless you book the offer when it opens at 10am or 4pm.
BMS offer on visa signature is based on conditions.Elite no such conditions. So please don’t compare.
Hi Siddharth
I am using SBI Signature card for last 1.5 years. My annual spend on this card is around 5.5 lakhs. Suggest me a good suitable card for me other than SBI.
Chek out the blog. It has the answer.
I am using this card from 1 year. last month i paid renewal fee. I called customer care gv vocher. Now they are saying vocher is only for first year and it will not applicable to renewal.
Is it true?
Yes, GV voucher only for first year. For renewal fee waiver, you need to have total annual spending of 10L.
I have a HDFC regalia and have applied for SBI elite card… The reward points in regalia accrue with every spend at 4 points / 150 spent as against 2/100 on regular spend plus milestone based in elite. Which means points accrue faster in regalia than in elite as I dint need to wait to spend 3 lacs to earn 10k points. Meaning to say if I spend 2.5 lacs in 3 months , I would have earned 6667 points in regalia as against 5000 in elite and by spending another 50k in the 4th month only I would have earned more points in elite than in regalia (16000 elite vs 8000 regalia). Further in regalia I guess u can redeem points which is appxtly 0.60 ps to 0.75 ps (flight n hotels) per 1 point as against 0.25 in elite…Which means regalia has more value than elite (5k-6k regalia vs 4k elite).
Based on above, on a long term basis is it better to use elite just for BMS and lounge while actually spend using the regalia to earn points (plus lounge for anyone accompanying) which has more value than elite ? Am I missing something ?
Hi Mouli,
Based on you illustration, it seems like already your spending 4.5L(2.5L(3 months) + 2L(50K for next 4 months)), if you spend another 50K then you’ll get better benefits.
If you spend 5L on Elite, you’ll get minimum 45K reward points(10K(3L milestone benefit) + 10K(4L milestone benefit) + 15K(5L milestone benefit) + 10K(regular reward)) and that’s equivalent to Rs.11,250. Also spending on grocery, department stores & dining gives you additional 5X rewards, but only shortcomings of Elite is you need to spend 10L(you have another 8L milestone benefit of 15K reward points) to get renewal fee waiver.
SBI elite card is giving 4 tickets free for comicon this weekend at insider.In
I recently upgraded my SBI prime to SBI ELITE card. I was expecting that they will also enhance the credit limit. But they kept the same credit limit. Is there any way to increase the credit limit based on other cards limit. As I have other cards which have good credit limit but SBI didn’t increase my credit limit. even after having ITR over 15L. Is there any way to increase credit limit of SBI.
Yes, but you need to negotiate with their customer care. I upgraded from simply save to Elite, initially they have same limit and told can’t enhance limit until next 6 months. I raised to customer card to cancel the upgrade and close the card, if they can’t provide me decent limit, after 2-3 conversations they increased limit by 4 times on sending latest payslip.
Hi,
Will our complimentary PP membership be renewed after 2 years?
I travel a lot, it was one of the reasons I have applied for this card.
Please reply ASAP
I was told Priority pass is only for 2 years
I got the offer to upgrade my SBI Prime card to Elite.
As per my understanding, the reward rate in PRIME card is much better than the SBI Elite card.
Only major advantage of the Elite card are the free movie tickets. So, it makes sense if you are a regular movie goer.
For me, I go for movies less frequently and I also have a “buy one get one” offer on my Citi debit card for movies.
So, do you think it makes sense for me to “Upgrade”?
The biggest issue with this card is very high renewal fees with ZERO benefit.
I am not sure why people would go for this card when there are way better premium cards like Yes first or Diners black with much better reward rate and lower or no renewal fees.
hey sid
m holding the sbi elite card which i use mostly in the last financial year before my renewal fee i had spent 30 lakh on my card . got the rewards point more than 1lakh + and converted into INR . my experience was awesome with sbi elite card. can u suggest which card i should opt . annual spend in e-commerce more than 6crore .
existing card with limit – sbi 107000
hdfc – 65000
kotak – 65000
A.Y. ITR 17-18 – 510000
A.Y. ITR 16-17 – 450000
thanks
Akhilesh did you say your annual spend in e-commerce is 6 crore??🙄🙄 what exactly do you spend on and how do you manage this spend with credit card limits!!!
5 Lakhs spend on Vistara flights!!
Its only for spends on Vistara that gives you 9 points per 100 INR. Isn’t it?
He is confusing with the points that vistara gives and the points on spends with card which are of course only2-3 not 8-9 depending on the tier status on Vistara.
Using this card for 2+ years. Note that I gave only PAN card xerox and NOTHING else. No salary slips, no ITR, nothing. And voila the card came with 4.5L limit 😀
funny thing is before this I had SBI Yatra card with 75K limit, which I had closed in 2015. So the NO salary slip stuff was surprising.
Hi Siddharth.
Signature/Elite was one of the best CC i have used.
My annual spend was close to 4-5 lakh and still I saved around 20k with the card alone due to cashback and reward points and movie tickets.
I continued it for two years and then closed it. Alas! as I closed it, I can not apply for this card ever again as SBI tells me their system does not allow a customer to reapply for a CC one it was closed.
Hello,
Sorry to differ but factually this is incorrect, I had SBI card for many years and then closed it, after few months applied again, just to help someone achieve his sales target, and voila, I get another SBI Credit card that too with twice the credit limit than earlier.
Surya
They’ve changed so many things. Not worth it now
My expense on sbi elite card is 4 L annually. Should I continue to use this card.
Depends what you are looking for and spending on. In general, shift to HDFC Regalia.
I am got an offer from SBI for an upgrade to Elite, I am also comparing benefits ( and ofcourse reading the posts ) to me PRIME looks like a better option. I spend 7 – 8 Lakhs per year on credit cards. I see the cashback is better but then again prime has 20 reward points for auto payment of bills.. I have two cards from SBI, prime and click and I swap between the two to make the maximum points ( click for online and prime for everything else )….. so is it stil worth the upgrade to Elite ?
I checked the responses above but I dont see any points that really helpful in taking this decision
Gaurav
How did you get two cards from SBI and that too regular cards? I heard one regular and one co-branded is allowed. I have simply save card.
@Gaurav I am in same boat like you, I recently upgraded from my 15 year old SBI Platinum card to Prime card as I found it to be better and affordable (reversal of fee amount in case of annual spend 3lacs) than Elite. Also, I have Click card and I use it for online transactions only and Prime I use for every other offline or bill pay.
How many complimentary visits available on the priority pass that comes along with this?
Foreign exchange mark upfee is 1.99% on this card. I use it.
I am using SBI Elite card which owned by my father, credit card sales guy didn’t told him about 4999 plus as annual fees he said only Rs 1699 is charged as one time …so what can be done now its been a month…what i can do and the voucher we are getting as rewards can use one time for purchase of any item in bata huspuppy…is there any chance these charges can waived.
Firstly, call customer care and speak with them. In parallel, login a waiver request in your online portal and escalate it to the nodal officers.
“Foreign Exchange Markup fee: 3.5% + Service Tax”
This is now 1.99% + taxes. Pretty cool card, IMO. Do they give the vouchers even with the renewal, if fees are paid?
Foreign Exchange Markup @ 1.99% is a big big advaantage..especilly if you use international websites (I do!!!)
Hi, no, they don’t provide vouchers during renewal fee payment. SBI Elite fares poorly here. Anyhow, it’s how they work and that’s their product design.
Nope, no vouchers for renewal unfortunately.
I just love this card somehow…looks classy also..BMS is great.. Managed to get statement credit approx 14.5k spending 5 lacs already (1.5L in spencers, more, shoppers top, dining, etc & remaining 3.5L on normal spends) The biggest advantage of SBI cards is their tie-up with goibibo, where you don;t have to pay any convenience fess while booking flights (have to book via estore in SBI available in app only!) -for domestic flights it’s 250-300 per passenger per ticket, for international flights 500-800 per passenger per ticket savings (no promo codes allowed)- Differenet perspective!!!
Thanks Kunal for the info. It’s really a good saving for 4 passengers in my case
Most welcome Sukant
Kindly update, this card is available inn both variants, Visa and Mastercard.
Does this card rewards expiry after 3 years (like HDFC, SC ultimate, Amex Platinum travel) or valid for life time (Like Yes first exclusive)?
I have this card (Visa Signature) . But i didn’t use much as first year. Got shopping voucher equivalent to fees which is usually free for 1st year.
I have other cards SC Ultimate (Master World), Amex Platinum Travel and Diners club miles. I covered all 4 Card Networks.
SC Ultimate Gives rewards for any type of spend.
Priority pass with SC ultimate/ HDFC Diners Miles covers Airport Lounges
Amex Platinum Travel Covers Domestic travel Vouchers for 4L spend.
Should i continue using this just for Book my Show? Even though it is offered up to 2 tickets and up to 500/- Most of the tickets fall below 350/- except IMAX 3D!!
How are you guys using this for maximum benefit except for Movies?
@Murali,
Yes, the rewards expire after 24 months from the accrual date.
I had this card till few months back and I mainly kept it to pay the rent via red Giraffe and BMS offer but after SBI pulled the plug on RedGiraffe I downgraded it to SimplySave.
In Bangalore the cheapest ticket on a weekend in a descent multiplex will cost you upwards of 250, so in that way I was able to reap its benefit almost every month. With rent payment I was also able to hit the milestone points which was the whole idea to use this card for rent payment.
On its own BMS offer is not lucrative as I can get around 50% off using VISA infinite card too and I have IDFC debit card which gives me upto 250 cashback for movie tickets.
But now with DCBs monthly benefit offer I got a 500 BMS voucher so it doesn’t pinch me for not having SBI Elite card.
Will suggest you to drop it if you have other infinite or signature cards but if you do not have those then this one is a descent card with lounge benefits and milestone rewards along with the monthly BMS offer.
Most of my spend will be online transaction,as per elite reward system, departmental stores 5x reward,so online shopping sites like Amazon and Flipkart consider as departmental store,and get 5x reward..?
Is there any renewal benefit for the renewal fees paid for this variant?
Actually the reward rate is best till 5L (around 2.25%)
can add on card members eligible to access domestic lounges for this card?
No access for add on cards. Only primary holder.
After using this card for 2 years, i am closing it. to avail all offeres you have to be good in math, ironically i am not. i am a person who spend it by card and pay bills. on approval, i got 5K shoppers stop coupon, that worked fine. Regarding Vistara membership and ITC, is hardly useful. i have vistara membership already so not useful. ITC membership also just matter of few bucks, not worthy to flaunt. regarding other stuff i am writing here–
One of the worst Customer care__ there was a technical glich in their system, so they showed 200 due on my card even after payment. i got a call as well as Msg, so i paid on same day. after few days same thing. i again paid. after next bil too, again 200 due, this time i asked the telecaller to connect me to a senior person. He was almost bullying to me. I complained on Tweeter, i got a call from social media team. i explained them and they acknowledged it.
but on next bill. SAME THING..it was a night mare. seriously.
One of the Highest charges on cards. —– Dont ever opt for EMI, it will cost 16 to 32 percent. and Forecloser fee as well. I am not using this card. just waiting to over 2 EMIs and then will close.
Best i found is AMEX cards— i have 2 cards of AMEX.. loving it..
Saini ji,
To be a smart credit-card user you need to be good at Math, that’s how any business works
I recently received my SBI Elite Credit Card. I’m already having HDFC Regalia First, ICICI Amazon Pay and ICICI Platinum (my first one for the sake of a card) credit cards. I normally use the cards for both online and offline transactions.
1. My intention of getting SBI Elite was due to BMS offer, Welcome voucher and Card executive from the bank assured that only joining fee will be charged and No renewal fee if used regularly without any min. threshold of usage ( Salary account holder in SBI) .
Should I stick on using Elite or dump/degrade it after one year? Will I will be charged after 1 year? If charged, will I get voucher as initially?
2. I’m already utilizing lounge benefits using regalia first. But SBI Elite is acceptable in few more airports (eg: Goa, I am from there) where Regalia doesn’t work though Lounge is not that good.
3. How Should I utilize my cards- which card for which kind of transactions? My annual spends range around AVG 2-3 Lacs.
4. I’m also having PP from Regalia. Will it be renewed freely after the initial expiry period? What about PP from SBI Elite? Are they having the same policy as of Regalia
5. I’m yet to receive my voucher from SBI Elite as I got the card now after one month delay due to lockdown. What will be the validity of the welcome voucher as I can use it only when lockdown ease?
Expecting my fellow users advice😀😀
1) Annual fee waiver depends on your negotiotaion with the executives, ask them to send you an email confirmation stating they wouldn’t charge you the Renewal fee. This mail would help you after a year. No, you won’t get any vouchers based off renewal fee.
2) Make hay while the sun shines.
3) Given that your annual spends aren’t on the higher side, aim first for the card having lowest milestone (if any) and subsequently use that others or use a card to avail the offers it has.
4) PP is a lucrative attraction for any cardholder and hence issued initially for free, it’s not renewed for free later on, at least with SBI. No clue about HDFC
5)I hope you got it by now
Hi guys,
I have a SBI Prime card currently and received a call today from SBI where they offered me an upgrade to Elite if I want to. They ll charge 5k which will be paid using my reward points from Prime. My question is whether an upgrade makes sense? Our annual spends are around 5L and knowing about COVID-19, don’t think we ll use BookMyShow anytime soon while Prime gives us Pizza Hit vouchers every quarter.
Thanks
no point in upgrade as main benefit is bookmyshow vouchers for this card
Thanks, Ankur
I cancelled my Elite card,because main feature of this card is BookMyShow only
Thanks, Mouli
BTW, I used to get Pizza Hut vouchers on my Elite card too Pre-COVID. But considering you’ll be shelling 5k, it would ony make sense to upgrade in case your speding is higher ( and you can exploit the milestone benefits ) + if you are getting the welcome vouchers.
Cheers
Is there any renewal benefit on this card? Will they provide any points wrt the annual fess, like other cards doing?
No, you need to spend 10 lakhs to get renewal fees waiver.
No. SBI Elite card does not have any renewal benefit.
no renewal benefit.
I had applied for this card for utilising it’s benefits of priority pass which I would use for international airports (outside india). But I read somewhere it only gives free PP membership and not free visits to those lounges
Is that so?
Note – I am not talking about international lounges inside india
Request you to kindly clear my doubt
Thanks
COPIED DIRECTLY FROM SBI CARDS’ WEBSITE :
-> 6 complimentary Airport Lounge visits per calendar year, outside India ( max. 2 visits per quarter)W.e.f. 1st July 2017
->Usage fee of $27+applicable taxes will be charged on your SBI Card ELITE for visits to the Priority Pass member lounge after the complimentary visits
-> Only Primary Cardholders are eligible for Priority Pass and complimentary membership will be valid for 2 years only
JFGI
I got a preapproved additonal sbi elite card offer. My existing sbi credit card is sbi simply click. Does it worth to have additional sbi elite card offer ? Its difficult for me to spend 10l per annum to get the renewal fees waiver. I am planning to get it for one year and cancel later. Is this wise decision?
Dont take this card. You will regret it. Instead take SBI Prime.
Why any specific reason or problem you faced?
You will never be able to get the value out of it as Book My Show vouchers are basically useless , eating out in Restaurants are impossible. The fees is too high for the benefits offered. I just cancelled it this year after having it for 3 years
You are paying 5900k for a card which doesn’t even give 1% default reward rate without the milestone. There are far better cards than this. You can get HDFC Regalia. Even axis FK has better cashback. Atleast in prime, u can earn alot of rewards. Also this card doesnt have dedicated golf tieup. It depends on mastercard network. The visa variant doesnt even have golf privileges. Instead if u can plzzz try to get diners club after the ban is lifted.
Its’ fee used to get offset by the 2x BMS movie tickets. With cinema halls closed now and risky to visit even when opened, I’d think twice before renewing it. You can keep it for one year but then they won’t downgrade you to SimplyClick again. And with the uncertainty over Covid restrictions looming large, even SBI Prime won’t be beneficial. Maybe continue with SimplyClick. SC is now giving 5x RP on Amazon shopping btw, so that’s 1.25% reward down from 10x/2.5% earlier.
Its an additional card along with simply click. I got an offer of 2.5K amazon voucher along with the welcome benefits. So i have gone for this card. I am planning to close it after using it for an year before they charge the renewal fees.
Hi Siddharth .. I have a query . The BMS movie ticket offer renews on calendar month basis or billing cycle month basis ?