SBI Card · Premium travel card
SBI Card MILES ELITE
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.
Fees & welcome
Annual / renewal fee
₹4,999 + applicable taxes.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Fee waiver
Annual fee reversed on annual spends of ₹15,00,000 or more in the membership year.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Welcome benefit
5,000 Travel Credits on spending ₹1,00,000 within 60 days of card issuance (after joining fee payment).
Verified · SBI Card - Miles Elite product page · 2026-06-19 · source
Earn rates
6 Travel Credits for every ₹200 spent on travel, and 2 Travel Credits for every ₹200 spent on all other eligible categories.
Verified · SBI Card - Miles Rewards Program Terms and Conditions · 2026-06-19 · source
Lounge & forex
Lounge access
- Domestic: 8 complimentary visits per calendar year (maximum 2 per quarter), plus 1 additional domestic visit for every ₹1,00,000 spent (applicable to the primary cardholder and a guest), capped at 15 additional visits per membership year.
- International: 6 complimentary visits per calendar year (maximum 2 per quarter) through a complimentary Priority Pass membership.
- Visits beyond the limit are charged at US $27 plus taxes.
Verified · SBI Card - Miles Elite product page · 2026-06-19 · source
Forex markup
1.99% of the transaction value.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Who it's for
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 & charges
Interest-free period
20 to 50 days on retail purchases, when the previous statement balance is paid in full.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Charge
- Finance charge 3.75% per month (45% per annum) on revolving balances and cash advances.
- Cash advance fee 2.5% of the amount (minimum ₹500).
- Dynamic currency conversion markup 1.99%. 1% fuel surcharge waiver on each fuel transaction between ₹500 and ₹4,000, capped at ₹500 per statement cycle.
- A ₹199 processing fee applies to every rent transaction, and a 1% fee applies to utility spends above ₹50,000 per billing cycle, to wallet loads above ₹1,000, and to education payments via third-party apps.
- Rewards redemption fee ₹99.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Rewards
Reward exclusion
Verified · SBI Card - Miles Rewards Program Terms and Conditions · 2026-06-19 · source
Milestone benefit
20,000 bonus Travel Credits on reaching annual spends of ₹12,00,000.
Verified · SBI Card - Miles Elite product page · 2026-06-19 · source
Redemption value
- 1 Travel Credit = ₹1 when converted to Air Miles or Hotel Points, ₹0.50 for travel bookings, and ₹0.25 for the Shop and Smile product catalogue.
- Travel Credits are valid for 24 months from the date of accrual.
Verified · SBI Card - Miles Rewards Program Terms and Conditions · 2026-06-19 · source
Transfer partners
Transfer partner
- Travel Credits transfer to airline and hotel loyalty programs (primary cardholder only; transfers process within 21 days and are final).
- Airline partners at 1 Travel Credit to 1 mile - AirAsia Rewards, Air Canada Aeroplan, Air France-KLM Flying Blue, Air India Flying Returns, British Airways Club, Cathay, Etihad Guest, SpiceJet SpiceClub, Thai Airways Royal Orchid Plus, Qantas Frequent Flyer and Vietnam Airlines Lotusmiles.
- Airline partners at 2 Travel Credits to 1 mile - Air Arabia, Emirates Skywards, Ethiopian ShebaMiles, Japan Airlines, Saudia AlFursan, Turkish Miles and Smiles and United MileagePlus.
- Hotel partners at 1 Travel Credit to 1 point - IHG One Rewards, Wyndham Rewards, Radisson Rewards and Orchid Rewards.
- Hotel partners at 2 Travel Credits to 1 point - Accor ALL, Club ITC and Jumeirah One.
- Shangri-La Circle converts at 6 Travel Credits to 1 point.
Verified · SBI Card - Miles Rewards Program Terms and Conditions · 2026-06-19 · source
Protection
Insurance
- Complimentary card fraud and lost-card liability cover of ₹1 lakh.
- The earlier ₹1 crore complimentary air accident cover was discontinued with effect from 15 July 2025.
Verified · SBI Card - Miles Elite product page · 2026-06-19 · source
Official sources
Verified 2026-06-19 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.