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SBI Card

Karur Vysya Bank SBI Card Elite

Source-traced to issuer Verified 2026-08-20
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Overview

Karur Vysya Bank SBI Card Elite by SBI Card. Facts on this page are extracted and verified automatically from official issuer documents.

Fees

Joining fee

Confirm on the official page

Annual / renewal fee

₹4,999.

Verified · lounge_travel · 2026-08-20 · source

Fee waiver

Renewal fee of ₹4,999 waived off on annual spends of ₹10 Lakh or more in the preceding year.

Verified · lounge_travel · 2026-08-20 · source

Renewal fee

₹4,999 (Waived off on annual spends of ₹10 Lakh or more in the preceding year).

Verified · lounge_travel · 2026-08-20 · source

Rewards

Redemption value

  • Rewards Redemption Fee: ₹99 + applicable taxes (applicable only on physical products, Statement Credit & vouchers sent physically, for all cards except AURUM).
  • Reward Points valid for 24 months (for all cards except AURUM), expire on last day of 24th month if not redeemed.

Verified · lounge_travel · 2026-08-20 · source

Travel & lounge

Lounge access

  • Airport Lounge visits within India through International Lounge Access Programs (like Priority Pass) charged a usage fee of up to USD 27 per visit + applicable taxes.
  • Airport Lounge visits outside India through International Lounge Access Programs, after exhausting complimentary visits, charged up to USD 27 per visit + applicable taxes.

Verified · kfs · 2026-08-20 · source

Dining, golf, concierge, insurance, milestones & welcome

Welcome benefit

Confirm on the official page

Eligibility

Not published in the official documents on file — see the official T&C link below.

Charges & interest

Forex markup

3.5% Foreign Currency Transaction Fee (Elite is in the exception list at 1.99%).

Verified · lounge_travel · 2026-08-20 · source

Charge

  • Finance Charges: 3.75% p.m. (45% p.a.) for unsecured cards.
  • 2.75% p.m. (33% p.a.) for Shaurya, Defence and Secured cards.
  • Minimum Finance Charges: ₹25.
  • Cash Advance Fee: SBI ATMs/Other Domestic ATMs 2.5% of transaction amount (min ₹500).
  • International ATMs 2.5% of transaction amount (min ₹500).
  • Max cash withdrawal ₹15,000 per day on MCC 6011.
  • Cash Payment fee: ₹250.
  • Payment Dishonor fee: 2% of Payment amount (min ₹500).
  • Cheque Payment Fee: ₹200.
  • Late Payment: Nil for ₹0-₹100.
  • ₹100 for >₹100 & up to ₹500.
  • ₹500 for >₹500 & up to ₹1000.
  • ₹750 for >₹1000 & up to ₹10,000.
  • ₹950 for >₹10,000 & up to ₹25,000.
  • ₹1100 for >₹25,000 & up to ₹50,000.
  • ₹1300 for >₹50,000.
  • Additional Late Payment Charge ₹100.
  • Over Limit Fee: 2.5% of Overlimit Amount (min ₹600).
  • Card Replacement: ₹100-₹250 (₹1500 for Aurum).
  • Dynamic Currency Conversion Fee: 3.5% (except listed cards).
  • Rewards Redemption Fee: ₹99.
  • Utility Payments Fee (w.e.f. 1 Dec 2024): 1% of total Utility Payments if total exceeds ₹50,000 in a billing cycle.
  • Fee on Education Payments (w.e.f. 1 Nov 2025): 1% via third-party apps.
  • Fee on Wallet Load (w.e.f. 1 Nov 2025): 1% on every wallet load exceeding ₹1,000.
  • Processing Fee on all Rent Payment Transactions: ₹199.

Verified · kfs · 2026-08-20 · source

Interest-free period

20 to 50 days (applicable only on retail purchases and if previous month's outstanding balance is paid in full).

Verified · lounge_travel · 2026-08-20 · source

Transfers

Not published in the official documents on file — see the official T&C link below.

Common questions

What is the annual fee on the Karur Vysya Bank SBI Card Elite?

Officially traced: Rs. 4,999.

lounge_travel

Is the Karur Vysya Bank SBI Card Elite annual fee ever waived?

Renewal fee of Rs. 4,999 waived off on annual spends of Rs. 10 Lakh or more in the preceding year.

lounge_travel

What lounge access does the Karur Vysya Bank SBI Card Elite include?

Airport Lounge visits within India through International Lounge Access Programs (like Priority Pass) charged a usage fee of up to USD 27 per visit + applicable taxes.

kfs

What are the transfer ratios for Karur Vysya Bank SBI Card Elite points?

Transfer ratios are not shown here as a confident value. Confirm the current ratio in your issuer account before transferring.

Other verified details

Not published in the official documents on file — see the official T&C link below.

Official documents & verification

Official issuer pagelounge_travelkfs

Official terms

https://www.sbicard.com/en/most-important-terms-and-conditions.page.

Verified · lounge_travel · 2026-08-20 · source

Verified 2026-08-20 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.

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