Question 1

Is SBI Card ELITE worth the ₹4,999 annual fee?

Accepted Answer

SBI Card ELITE has an annual fee of ₹4,999. The fee can be waived if you spend ₹10l/year. With a base reward rate of 0.5% (up to 5%), 8 domestic lounge visits, and a CardTrail Score of 6/10, it may suit specific spending patterns.

Question 2

What is the reward rate on SBI Card ELITE?

Accepted Answer

SBI Card ELITE offers a base reward rate of 0.5% on regular spends, going up to 5% on select categories. Rewards are earned as Reward Points. New cardholders also get a welcome bonus of 5,000 Reward Points.

Question 3

Does SBI Card ELITE have airport lounge access?

Accepted Answer

Yes, SBI Card ELITE provides 8 domestic and 6 international lounge visits per year.

Question 4

What is the forex markup on SBI Card ELITE?

Accepted Answer

SBI Card ELITE charges a 1.99% forex markup on international transactions, plus 18% GST on the markup (effective rate: 2.35%). For international spends, consider zero-forex alternatives like Scapia or IDFC First Wealth.

Question 5

SBI Card ELITE vs Axis Atlas — which is better?

Accepted Answer

SBI Card ELITE (CardTrail Score: 6/10) and Axis Atlas (Score: 9.1/10) are both premium cards. SBI Card ELITE by SBI has a ₹4,999 fee with 0.5% base rewards, while Axis Atlas by Axis has a ₹5,000 fee with 2% base rewards. Use our comparison tool for a detailed side-by-side analysis.

SBI Card ELITE

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