SBI cards have recently launched three miles-focussed credit cards. The variants are named SBI Miles, SBI Miles Prime and SBI Miles Elite which is the topmost version.
Here’s everything you wish to know about the Elite version of this card.
*Except for Fuel, Rental Payments, Utility, Insurance, Wallets and Education.
Complimentary Domestic Limit - 8 Visits/Calendar year within India only for primary cardholder (Maximum 2/Qtr)
Network - MasterCard/Rupay
Access Via - Priority Pass
Complimentary Domestic Limit - Up to 15 Visits/Calendar year for primary as well as guests on every spend of ₹1 Lakh
Complimentary International Limit - 6 Visits/Calendar year only for primary cardholder (Maximum 2/Qtr)
What are your thoughts about this card? Feel free to share in the comments below.
Here’s everything you wish to know about the Elite version of this card.
Charges and Welcome Benefits
Joining Fees | ₹4999 + GST |
Welcome Benefits | 5000 Travel Credits* |
Renewal Fees | ₹4999 + GST |
Renewal Benefits | NIL |
Renewal Fee Waiver | Spend ₹15L or more in a year. |
- *5000 Travel Credits will be credited on spends of ₹1,00,000 within 60 days of card issuance.
Reward Points Accrual
Spends Area | Reward Rate |
Travel | 6 Travel Credits per ₹200 |
All other Spends* | 2 Travel Credits per ₹200 |
- Reward points are valid only for 2 years from the date of accumulation
Milestone Benefits
- Get an additional Domestic Lounge visit to Priority Pass lounges over and above the complimentary domestic limits with every spend of ₹1 Lakh maximum of up to 15 visits in a year.
- Earn 20,000 Bonus Travel Credits on annual spends of ₹12 Lakh
Reward Points Redemption
Modes of Redemption | Value per point | Reward Rate |
AirMiles/ Hotel Loyalty Points | 1 Travel Credit = Upto 1 Airmile/Hotel Loyalty Point | Up to 3% (Travel) Up to 1% (All other Spends) |
Travel Booking | 1 Travel Credit = ₹0.5 | 1.5% (Travel) 0.5% (All other Spends) |
Merchandise | 1 Travel Credit = ₹0.25 | 0.75% (Travel) 0.25% (All other Spends) |
- SBI has brought in a host of new transfer partners with a mixed bag of transfer ratios. Some of the partners are eligible for 1:1 whereas others are at 2:1.
Other Benefits
Airport Lounge Access
Access Via - Credit CardComplimentary Domestic Limit - 8 Visits/Calendar year within India only for primary cardholder (Maximum 2/Qtr)
Network - MasterCard/Rupay
Access Via - Priority Pass
Complimentary Domestic Limit - Up to 15 Visits/Calendar year for primary as well as guests on every spend of ₹1 Lakh
Complimentary International Limit - 6 Visits/Calendar year only for primary cardholder (Maximum 2/Qtr)
- Priority Pass membership is valid only for the first 2 years.
- If you exceed the 6 Complimentary visits, you will be charged US $27 + GST per visit.
Fuel Surcharge Waiver
1% fuel surcharge waiver max up to ₹500 per month.Insurance Coverage
- Accidental air death cover worth ₹1 Crore
- Emergency overseas hospitalization: up to ₹15 lakhs
- Lost Card Liability Cover: Upto ₹1 lakh
Forex Markup Charges
- FCY Markup Fee: 1.99%+GST
- Reward Rate: 1%
- Net: –1.36% (loss)
TechnoFino Recommends
The card is poorly rewarding whether it's the joining benefits, renewal benefits or the earning rate. There are many better travel-focussed cards available in the market. So I will be giving this card a pass. The only USP is the spending-based complimentary domestic lounge access to select lounges accessible only via PP which are now exclusive to cards like HDFC Infinia, HDFC Diners Club Black and AMEX Platinum after the devaluation of Priority Passes of Axis Magnusand Axis Reserve.What are your thoughts about this card? Feel free to share in the comments below.