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SBI Card · Premium

SBI Card MILES ELITE

Source-traced to issuer Verified 2026-08-17
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You'll land on the issuer's official application portal at tjzuh.com — if a different card is shown first, use its card selector to pick this one.

Overview

The top card in SBI's airline-agnostic MILES family. Travel Credits transfer to 25+ airline and hotel partners — up to 1:1 — so you bank points first and pick the airline later. Among the few Indian cards pairing real transfer partners with a 1.99% forex markup.

Best for

  • Miles collectors who want transfer flexibility instead of being locked to one airline.
  • Travellers who book across airlines and want 3X credits on every travel merchant.
  • International spenders pairing transfers with a 1.99% forex markup.

Not ideal for

  • Low spenders — the ₹15 lakh fee-reversal bar is steep, and redemptions outside airline transfers (travel bookings, catalogue) roughly halve your value.
  • Travel Credits expire 24 months from accrual.

Fees

Joining fee

₹4,999 + taxes.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Annual / renewal fee

₹4,999.

Verified · charges · 2026-08-17 · source

Fee waiver

Renewal fee waived off on annual spends of ₹15 Lakh or more in the preceding year.

Verified · charges · 2026-08-17 · source

Renewal fee

₹4,999 (Waived off on annual spends of ₹15 Lakh or more in the preceding year).

Verified · charges · 2026-08-17 · source

Rewards

Travel spends

6 Travel Credits per ₹200 (any airline, hotel, or travel merchant — not just partners)

All other spends

2 Travel Credits per ₹200

Milestone bonus

20,000 bonus Travel Credits on ₹12 lakh annual spends

Transfers

1 Travel Credit = up to 1 partner mile/point; 1:1 with ~10 airlines and 3 hotels, 2:1 with most others — confirm current ratios on the official page

Last reviewed 2026-06-19 — confirm on official page

Plain math

1 Travel Credit ≈ ₹1 when transferred to airline partners at 1:1. Spend ₹12 lakh/year (₹4L travel + ₹8L other) and you'd earn roughly 12,000 + 8,000 + 20,000 milestone = ~40,000 Travel Credits — about ₹40,000 in partner miles against a ₹4,999 fee.

Redemption value

  • Rewards Redemption Fee ₹99 (applicable only on Physical products, Statement Credit & on Vouchers sent physically), for all cards except AURUM.
  • No redemption fee if card account is voluntarily closed on the fee posting date.
  • Reward Points valid for 24 months and forfeited on the last day of the 24th month (for all cards except AURUM).

Verified · mitc · 2026-08-17 · source

Reward cap

Additional domestic lounge visits are capped at 15 visits in a membership year.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Reward exclusion

Cash withdrawalsBalance TransfersFlexipayEncashE-wallet uploadsCashback transactions and spends on RentalsFuel & Utility bills

Verified · SBI Card MILES ELITE — governing document (side-door search) · 2026-08-17 · source

Travel & lounge

Lounge access

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

Verified · charges · 2026-08-17 · source

Travel benefit

  • Up to 6 flight cancellations per year, each limited to ₹3,500.
  • Loss of travel documents cover of up to ₹12,500.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Dining, golf, concierge, insurance, milestones & welcome

Welcome benefit

5,000 Travel Credits on spends of ₹1 lakh within 60 days of card issuance (Travel Credits credited on payment of Joining Fee).

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Insurance

  • Lost card liability cover of up to ₹1 lakh.
  • Air Accident cover up to ₹1 crore.
  • Loss of check-in baggage cover up to ₹72,000.
  • Delay of check-in baggage cover of ₹7,500.
  • Baggage damage cover of up to ₹5,000.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Milestone benefit

  • 20,000 Bonus Travel Credits on annual spends of ₹12 lakhs.
  • Additional domestic lounge visit with every spend of ₹1 lakh (capped at 15 visits in a membership year).
  • Annual Fee reversal on spends of ₹15 lakhs in a membership year.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Eligibility

Eligibility

Add-on cards available for parents, spouse, children or siblings above the age of 18.

Verified · SBI Card MILES ELITE — official product page · 2026-08-17 · source

Charges & interest

Forex markup

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

Verified · charges · 2026-08-17 · source

Charge

  • Finance Charges: up to 3.75% p.m. (45% p.a.) for unsecured cards.
  • Minimum Finance Charges ₹25.
  • Cash Advance Fee: 2.5% of transaction amount at SBI/Other Domestic ATMs and International ATMs (minimum ₹500).
  • Cash Payment fee ₹250.
  • Payment Dishonor fee 2% of Payment amount (minimum ₹500).
  • Cheque Payment Fee ₹200.
  • Late Payment: Nil for ₹0-₹100, ₹100 for >₹100 & up to ₹500, ₹500 for >₹500 & up to ₹1,000, ₹750 for >₹1,000 & up to ₹10,000, ₹950 for >₹10,000 & up to ₹25,000, ₹1,100 for >₹25,000 & up to ₹50,000, ₹1,300 for >₹50,000.
  • Additional Late Payment Charge ₹100.
  • Overlimit Fee 2.5% of Overlimit Amount (minimum ₹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).
  • Utility Payments Fee w.e.f. 1st Dec 2024, 1% of total amount of 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 through third-party apps.
  • Fee on Wallet Load w.e.f. 1st Nov 2025, 1% of transaction amount on every wallet load exceeding ₹1,000.
  • Processing Fee on all Rent Payment Transactions ₹199.

Verified · charges · 2026-08-17 · 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 · charges · 2026-08-17 · 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 MILES ELITE?

Officially traced: Rs. 4,999.

charges

What is the joining fee on the SBI Card MILES ELITE?

Officially traced: Rs. 4,999 + taxes.

SBI Card MILES ELITE — official product page

Is the SBI Card MILES ELITE annual fee ever waived?

Renewal fee waived off on annual spends of Rs. 15 Lakh or more in the preceding year.

charges

What lounge access does the SBI Card MILES ELITE include?

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

charges

What welcome benefit does the SBI Card MILES ELITE offer?

5,000 Travel Credits on spends of Rs. 1 lakh within 60 days of card issuance (Travel Credits credited on payment of Joining Fee).

SBI Card MILES ELITE — official product page

What are the transfer ratios for SBI Card MILES 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 pagechargesSBI Card MILES ELITE product pagemitcSBI Card MILES ELITE — governing document (side-door search)

Official terms

https://www.sbicard.com/en/cardholder-agreement.page.

Verified · SBI Card MILES ELITE product page · 2026-08-17 · source

Verified 2026-08-17 · 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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