CreditIQ Verdict
The SBI ELITE is a premium credit card from SBI with an annual fee of Rs.4,999. The fee is justified if you maximise the card benefits. Best suited for users who spend regularly on premium categories and want to earn meaningful rewards.
Fees & Charges
Annual FeeRs. 4,999 + GST
Joining FeeRs. 4,999 + GST
Interest Rate45% per annum (3.33% per month)
Forex Markup3.5% on international transactions
Cash Advance2.5% of amount (min Rs. 500)
Late PaymentRs. 0 - Rs. 1,300 (based on outstanding)
What the community says
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SBI Accounts Alone May Limit Credit Card Benefits and Features
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Frequently Asked Questions
What is the annual fee of SBI ELITE?
The annual fee is Rs.4,999 + GST. It is waived if you meet the annual spend threshold.
What is the reward rate on SBI ELITE?
SBI ELITE offers 0.5. Check the benefits section above for category-specific accelerators.
How to apply for SBI ELITE?
You can apply online through SBI's website. Eligibility requires a credit score of 750+ and income as per bank criteria. Click the Apply button on this page for a direct, unbiased apply link.