Mastercard, RuPay 📡 Contactless NFC

SBI Card MILES ELITE

Joining Fee₹4,999

Annual Fee₹4,999

Forex Markup 1.99%

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⚖️ Card Verdict & Target Persona

Who Should Apply

Frequent travelers wanting versatile Travel Credits, low 1.99% forex markup, 8 domestic + 6 international lounge visits, and 20k bonus travel credits on annual spends.

Who Should Avoid

Users who cannot meet the ₹1 Lakh quarterly spend threshold for lounge access or those unable to justify the ₹4,999 annual fee.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Welcome bonus Travel Credits upon payment of joining fee and realization

Up to 10 Travel Credits per ₹100 on Travel

Earn up to 10 Travel Credits per ₹100 on travel bookings via SBI Card travel portal and 6 Travel Credits per ₹200 on general travel.

8 Domestic & 6 International Lounge Visits

8 domestic (1 extra domestic visit per ₹1 Lakh spent) + 6 international airport lounge visits per year via Priority Pass.

Spend-Based Annual Fee Waiver

Annual renewal fee of ₹4,999 is waived off on spending ₹15,00,000 or more in the previous anniversary year.

💰 Reward Structure & Point Valuation

1 Travel Credits = ₹1

Standard Base Earning

2 Travel Credits per ₹200 spent on all other regular retail purchases (1.0% return; 1 Travel Credit = ₹1.00 for flight/hotel bookings)

Accelerated / Partner Rate

Up to 10 Travel Credits per ₹100 on travel bookings via SBI Card travel portal; 6 Travel Credits per ₹200 on travel spends; 20,000 bonus Travel Credits on achieving ₹12L annual spend; Low 1.99% forex markup fee

Points Validity:24 Months

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: Airline Miles Transfer Partners (Air India, KrisFlyer, InterMiles, etc.), SBI Card Travel Portal Flight & Hotel Bookings (1 Travel Credit = ₹1.00), Catalog Voucher Redemptions

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Government Transactions Rent Payments Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active

🛫

Domestic Lounge Visits8 complimentary domestic airport lounge visits per calendar year (plus 1 extra domestic visit for every ₹1 Lakh spent)

🌐

International Lounge Visits6 complimentary international airport lounge visits per calendar year via Priority Pass

⚠️

Spend Criteria: Requires minimum retail spend of ₹1,00,000 in the previous calendar quarter for domestic lounge access

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹1,500,000/yr

Annual renewal fee of ₹4,999 + GST is waived off on spending ₹15,00,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

1 Travel Credit per ₹200 on eligible merchant RuPay UPI QR transactions

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (Capped at ₹250/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit21 - 60 Years

Min. Monthly Income₹25,000

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.50% per month (42.0% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,300

Official Bank Portal Application

Get the SBI Card MILES ELITE

Annual Fee: ₹4,999/yr (Waivable)

Apply Online Now →

Personalized Card Matcher

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Frequently Asked Questions

No, SBI Card MILES ELITE has a joining fee of ₹4999 and an annual renewal fee of ₹4999 (plus applicable taxes).

SBI Card MILES ELITE ₹4,999/yr