If you are a VIP or a professional. This SBI Elite Card can be the best card for you.
SBI launched their new Premium & luxurious credit card named SBI Card Elite. Basically, this card is made for working professionals. But If you earn a good amount then you can apply for this credit card.
On this card, there are a lot of Benefits available at this card. In this article About SBI ELITE CARD, you will learn everything about the SBI Elite card. You will get to learn the Benefits of this SBI Card, Some downsides of the SBI Card.
Table of Contents
SBI Elite Card Benefits:
Reward Points: This is the most specific thing available in this Sbi Elite Card. Every time, When you spent 100 rupees you will get 2 reward points. If you spent money on dining, grocery or departmental store then you will get 5× Reward Points.
It means when you normally spend 100 rupees then you will get 2 reward points. When you spend 100 rupees then you will get 10 reward points. So this means, your every hundred rupees will definitely give you 2 reward points. But you will not get reward points in fuel filling.
Gift Voucher: This Card will give you unlimited benefits. The First & best benefits are when you join the card. you will get an email for a gift voucher worth 5000 rupees. In 15 days, You will get a Mail to choose which gift voucher do you want.
You will get gift vouchers from big companies like Yatra, Pantaloons, Bata & others. After 10 days of choosing the voucher, you will get your voucher in your Hand.
BookMyShow: Here you will get another Gift voucher for Entertainment. Every month you will get 500 rupees off on book my show. When you book at least 2 tickets from the book my show then, you will get 500 rupees off.
Let me Explain, Suppose If you book your 2 tickets from the book my show app & the bill is 600 rupees then you need to pay only 100 rupees. But If you book less than 2 tickets then you will not get any 500 rupees off. So If you want 500 rupees off then you must buy 2 tickets at least.
Free Airport Lounge: This offer can be the best offer for you because You will get 2 free Airport lounge access to domestic Airports. Also, you will get 6 International Airport lounge access every year. You will get 2 Lounge accesses in 3 months, It means you will get a total of 8 lounge accesses to Domestic & International Airports.
One more similar Benefit of the SBI elite card. You will get a Club Vistara Silver membership. In this membership, you will get an option for priority check-in & an option of 5 kg extra baggage.
Club Vistara Points: If you spend Vistara Airlines then after spending 100 rupees, you will get 9 Club Vistara Points. With this, You will get complimentary trident privilege membership for 1 Year.
When you join this membership, you will get 1000 reward points.
When you complete your first day in Trident Hotel, you will get bonus points worth 1500 rupees & also 1000 additional Hotel credit. While booking Hotel from the website, You will get an instant 10% discount.
Spend Bonus: Friends, In this card, you will get milestone benefits. When you reach a spending milestone then you will get reward points. Here are some milestones.
If you spend 3 lakh rupees by using this card then you will get 10,000 Reward Points. If you spend 4 lakh rupees then you will be rewarded 10,000 additional reward points. If you spend 5 lakh rupees then you get additional 15000 reward points. If you spend 8 lakh rupees then you will be rewarded with additional 15,000 rupees reward points.
It means If you spend 8 lakh rupees from your SBI Elite Card then You will be rewarded a total of 50,000 reward points. The value of 50,000 reward points is approximately 12,500 rupees.
Lost Card Liability: You will get 1 lakh lost card liability.
- If you Want to claim these memberships of Trident Hotels & Club Vistara silver membership then call this SBI TOLL FREE NUMBER 1860 180 1290 & claim your memberships.
- In this SBI Elite Card, you will get a benefit of up to 250 rupees on fuel filling. If you fill fuel between 500 rupees to 4000 rupees anywhere in India then you will get approx 250 rupees in a month.
Downsides Of SBI Elite Credit Card:
However, this is a well maintained & luxury Credit Card, but there are some issues with the SBI Elite Card.
Priority Pass Membership: With this Credit Card, You will get a priority pass membership in which you will get 6 Longe access in International Airports. But the downside is, The Validity of priority pass membership is only 2 years. It means after 2 years, Sbi will not renew your membership. If you want to renew then you have to renew yourself by paying 99 USD renewing Fees.
In the market, there are a lot of Credit cards like HDFC Regalia & others. They are providing lifetime free priority pass membership. If Membership will expire then the bank will renew The Membership. This is the big Downpoint of this SBI Elite Card.
Club Vistara Membership: Here is one more similar downside of the SBI Elite Card, SBI will give you Club Vistara Silver membership. This is a great thing but your club Vistara Silver Membership validity will end in 1 year. After 1 year, you have to renew your membership yourself. At the same time, A lot of Axis Bank credit card will give you a Lifetime membership.
SBI will not renew complimentary trident privilege membership, If you want to renew the membership that you have to renew this membership with your money.
Insurance Coverage: The insurance that you are getting from this card is not sufficient for this card. Insurance is not sufficient as the price tag. This is the important downside of this Elite Card. If you can ignore insurance coverage then you can think about it.
Purchase Protection: You knew what is the importance of purchase protection. But In this SBI Card, you will not get any type of purchase protection. So you have to be careful from your side.
International Coverage: In this Card, You will not even get any type of insurance coverage for international travel. There are a lot of premium cards on market providing insurance Coverage. But this SBI card Elite is not providing, this is a big down point of this card.
Charges For SBI Elite Card:
If you found SBI Elite Card perfect for you then you can join this easily.
At the time of joining, You have to pay (4999 rupees + GST). This is the joining changes of this Elite Card. After calculation, the total price with GST is approx 5,890 rupees.
After joining, You will get a Gift Voucher worth 5000 rupees. So Your joining fees will be recovered.
At the time of renewal, You have to pay the joining amount one more time. It means You have to pay (4,999 rupees + GST) equals 5,890 rupees. So have to pay 5,890 rupees every year renewal.
In 1 year, If you spend 10 lakh rupees or more than 10 lakh rupees then your renewal charges will be Free.
In Sbi elite card, the Foreign Currency markup Charges is low. You have to pay only (1.99% + GST) as markup charges.
The Finance changes on this card are 3.55% monthly. It could be approx 40.2% per annum. These finance charges will apply to your failed payments or due payments.
The cash advance fees on this card are 2.5% or 500 rupees.
This card can charge you 100 rupees to 950 rupees as late payment fees. Late payment fees depend on your due.
Eligibilities To Apply For SBI Elite Card:
The first & the most important, You must be An Indian. You must be an Indian resident.
If you are salaried then Your age must be between 21 to 70 years old. If you are self-employed then your age must be between 25 to 70 years old. You must have an active credit history.
Applying Process For SBI Elite Card:
Documents To Apply For SBI Elite Card:
First, You need to prove your identity. To prove your identity, You have to show one of these documents Adhaar Card, Voter Card, Driving Licence, or passport. If you don’t have these documents then you use the letter of National Population Register(NPR).
Excluding these, you have to show your Pan card copy. If you want to get your SBI Elite Card easily. Then you should use Pan Card Copy. This whole process is only made to find your income.
Note: However, this is not written on the official website of SBICard.com but still, they will not give you a credit card without your income proof.
For income proof, You have to show you a 3-month salary slip. If you don’t have a salary slip then you have to show them your 3-month bank statement. If you don’t have regular income then you have to show them your 3-year tax returns.
Apply For SBI Elite Card Online:
- Yes, You can apply for an SBI Elite credit card online. You don’t need anything, only mobile or desktop.
- First, open google chrome & type SBIcard.com & search Credit Card.
- Choose SBI Card Elite & Click on apply.
- Now fill in your details like Email & Phone Number.
- You will get an OTP at the filled Phone number, Fill & verify.
- Here, Fill in your basic details & click Next.
- Now, fill in your monthly Income & your Profession.
- Work is completed from your side, Now you will get a call from SBI. They will ask some questions regarding the application.
When the process is completed & Fees payment, you will get your SBI Elite Card in your hands. Now, you can use the Premium Credit Card.
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