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SBI Card

SBI Card Elite Advantage

Source-traced to issuer Verified 2026-08-18
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You'll land on the issuer's official application portal at sbicard.com — if a different card is shown first, use its card selector to pick this one.

Overview

SBI Card Elite Advantage 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 · cardholder_agreement · 2026-08-18 · source

Fee waiver

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

Verified · cardholder_agreement · 2026-08-18 · source

Renewal fee

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

Verified · cardholder_agreement · 2026-08-18 · source

Rewards

Redemption value

  • Rewards Redemption Fee: ₹99 (applicable only on Physical products, Statement Credit & on Vouchers sent physically, for all cards except AURUM).
  • Reward Points accrued are valid for a period of 24 months (for all cards except AURUM).
  • If not redeemed within this period they expire on the last day of the 24th month.

Verified · mitc · 2026-08-18 · source

Travel & lounge

Lounge access

Confirm on the official page

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

Foreign Currency Transaction Fee: 1.99% (For AURUM, Elite, Prime NRI secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite).

Verified · mitc · 2026-08-18 · source

Charge

  • Finance Charges: up to 3.75% p.m. (45% p.a.) for unsecured cards.
  • Minimum Finance Charge ₹25.
  • Cash Advance Fee: 2.5% of transaction amount (min ₹500) at domestic and international ATMs.
  • 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-₹500.
  • ₹500 for >₹500-₹1,000.
  • ₹750 for >₹1,000-₹10,000.
  • ₹950 for >₹10,000-₹25,000.
  • ₹1,100 for >₹25,000-₹50,000.
  • ₹1,300 for >₹50,000.
  • Additional Late Payment Charge ₹100 on missing MAD two consecutive cycles.
  • Overlimit Fee: 2.5% of Overlimit Amount (min ₹600).
  • Card Replacement: ₹100-₹250 (₹1,500 for Aurum).
  • Dynamic Currency Conversion Fee: 1.99% (For AURUM, Elite, Prime NRI secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite).
  • Rewards Redemption Fee: ₹99.
  • Processing Fee on Rent Payment Transactions: ₹199.
  • Utility Payments Fee: w.e.f. 1st Dec 2024, 1% of total Utility Payments if total exceeds ₹50,000 in a billing cycle.
  • Fee on Education Payments: w.e.f. 1st Nov 2025, 1% of transaction amount via third-party apps.
  • Fee on Wallet Load: w.e.f. 1st Nov 2025, 1% of transaction amount on every wallet load exceeding ₹1,000.
  • Lounge Charges: up to USD 27 per visit + taxes for International Lounge Access Programs.

Verified · mitc · 2026-08-18 · source

Interest-free period

Interest free credit period could range from 20 to 50 days, subject to submission of claims by the merchant (applicable only on retail purchases and if previous month's outstanding balance is paid in full).

Verified · mitc · 2026-08-18 · 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 SBI Card Elite Advantage?

Officially traced: Rs. 4,999.

cardholder_agreement

Is the SBI Card Elite Advantage 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.

cardholder_agreement

What are the transfer ratios for SBI Card Elite Advantage 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 pagecardholder_agreementmitc

Official terms

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

Verified · mitc · 2026-08-18 · source

Verified 2026-08-18 · 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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