SBI ELITE Review 2026
Last reviewed:
Quick verdict
SBI's premium offering that competes directly with the HDFC Regalia. Unlimited domestic lounge visits and the Trident Privilege membership are standout perks. The ₹4,999 fee is steep, but gets waived at ₹10L annual spend — a realistic target for high-income professionals.
Pros
- Airport lounge access: Unlimited domestic + 6 international per year
- Welcome benefit: 5000 bonus reward points
Cons
- High annual fee of ₹4,999 + GST — only worth it if you use the benefits
- 3.5% + GST forex markup makes it expensive abroad
- Interest of 3.35% per month (40.20% p.a.) if you carry a balance
Key benefits
- Complimentary Trident Privilege membership
- Unlimited domestic lounge visits
- Buy 1 Get 1 on BookMyShow
- Annual fee reversal on ₹10L spend
Fees & charges at a glance
| Joining Fee | ₹4,999 + GST |
|---|---|
| Annual Fee | ₹4,999 + GST |
| Rewards | 2X reward points on dining, movies & grocery |
| Welcome Benefit | 5000 bonus reward points |
| Lounge Access | Unlimited domestic + 6 international per year |
| Fuel Surcharge Waiver | 1% waiver on ₹500-₹3,000 txns |
| Foreign Txn Fee | 3.5% + GST |
| Interest Rate | 3.35% per month (40.20% p.a.) |
| Credit Limit | ₹3,00,000 - ₹15,00,000 |
| Add-On Card Fee | Free |
| Min Income | ₹60,000/month |
| Network | Mastercard |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The SBI ELITE is best suited for premium lifestyle. It is a super premium card on the Mastercard network, and SBI generally looks for a minimum income of ₹60,000/month. If your spending matches its reward categories (2x reward points on dining, movies & grocery), the card can pay for its annual fee of ₹4,999 + GST. If not, a lifetime-free card may give you better net value.
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SBI ELITE: frequently asked questions
What is the annual fee of the SBI ELITE?
The SBI ELITE has a joining fee of ₹4,999 + GST and an annual fee of ₹4,999 + GST. Many banks waive the renewal fee when you cross a yearly spend milestone — check the latest waiver condition with SBI.
What rewards does the SBI ELITE give?
2X reward points on dining, movies & grocery. Complimentary Trident Privilege membership. Unlimited domestic lounge visits.
Does the SBI ELITE offer airport lounge access?
Yes. The SBI ELITE offers unlimited domestic + 6 international per year. Lounge programmes are often linked to a minimum spend in the previous quarter, so confirm the current rule with SBI.
What is the eligibility and minimum income for the SBI ELITE?
SBI typically requires a minimum income of ₹60,000/month for the SBI ELITE, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the SBI ELITE?
The SBI ELITE charges 3.35% per month (40.20% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the SBI ELITE?
The foreign currency markup on the SBI ELITE is 3.5% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the SBI ELITE to UPI?
No. The SBI ELITE runs on the Mastercard network. Only RuPay credit cards can be linked to UPI in India at present.
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