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SBI, the nation’s leading lender, has more than 50 credit cards of varying benefits and features. While each card serves a specific set of consumers, there are a few cards that are better than most.
SBI Card Elite is one such card that comes with all-around benefits to the user. Users can avail rewards across multiple categories, and are benefitted by a no-hassle and easy redemption process.
SBI Elite Card – A Snapshot
|
Annual Fee |
Rs. 4,999 (get it reversed when you spend more than Rs. 1 lakh in a year) |
|
Best Suited For |
Travel and Shopping |
|
Minimum Income |
Rs. 60,000 per month |
|
Base Reward Rate |
2% |
|
Reward Value |
1 Reward Point= Re. 0.25 |
Key Highlights Of SBI Elite Card:
- 5,000 Welcome E-Voucher from any of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, or Yatra
- Earn 2 points for every Rs. 100 spent in all categories.
- Get five times the rewards on dining, groceries, and department store purchases.
- BookMyShow offers two movie tickets worth Rs. 250 each month, as well as complimentary membership to Priority Pass, Club Vistara Silver, and Trident Red Tier.
- Only a 1.99% foreign exchange markup is charged.
- Earn up to 50,000 reward points worth Rs. 12,500 per year by meeting various spending targets.
Verdict: SBI Elite Card, though charges a high annual fee, when used correctly, bestows some of the best-in-class benefits to its users. Be it for shopping, travel, leisure, or lifestyle, SBI Elite Card is truly for the elite.