SBI Elite Card best way to use points

[faraaz303]

I have 7000 points expiring this month on my Elite Card. Can't find any voucher worth taking, what's the best possible redemption value I can get from their reward catalogue?
Also can I transfer to CV miles?

 

[panu24]

I always like to redeem points in cash for SBI cards. This cash will be adjusted against any of your card outstanding amount. 4 points equals 1 Rs. For 7000 points you can redeem to 1750 Rs but this will charge you redemption fee 99 rs + gst.

 

[vysakh]

Best option is to use it as statement credit. Each point is 25paise, but iirc SBI says you can do this only for multiples of 2000 points and there's a redemption fee of 99 + GST. For the statement credit, you need to do contact the customer care as it cannot be done from the site/app (was the case till early 2022, not sure if it has changed)

 

[panu24]

Right I forgot they only redeem in multiples of 2000 points only. So you can redeem only 6000 points.