SBI Card MILES ELITE
SBI Card · Mastercard + RuPay · Super Premium card
A transfer-oriented premium travel card with balanced domestic and international lounge access.
Frequent travellers able to use transfer partners and justify a premium annual fee.
Terms checked 23 Sept 2026
- Annual fee
- ₹4,999 + GST
- Joining fee
- ₹4,999 + GST
- Base reward rate
- 0.3%
- Forex markup
- 2.0%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Travel & hotels | 0.8% |
| Online shopping | 0.3% |
| Groceries & essentials | 0.3% |
| Dining & delivery | 0.3% |
| Beauty & wellness | 0.3% |
| Entertainment & movies | 0.3% |
| Healthcare & pharmacy | 0.3% |
| Subscriptions & streaming | 0.3% |
| Offline store shopping | 0.3% |
| International spending | 0.3% |
| Gold & jewellery | 0.3% |
| Other miscellaneous | 0.3% |
| Fuel & commute | 0% |
| Bills & utilities | 0% |
| Education & family | 0% |
| House rent | 0% |
| Insurance premiums | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- At ₹15,00,000 annual spending
- Monthly income requirement
- Not listed
Airport lounge access
8 domestic airport lounge visits per year • 6 international airport lounge visits per year
2 domestic airport lounge visits per quarter · Issuer card
Guest access: Not available
Eight unconditional base visits per calendar year.
6 international airport lounge visits per year · Priority Pass
Guest access: Chargeable
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 2 items
Eligible travel MCCs
Usage-based valueSix Travel Credits per ₹200 at the airline, hotel, railway and travel-agency MCCs enumerated in the issuer terms.
Conditions: Six Travel Credits per ₹200 at the airline, hotel, railway and travel-agency MCCs enumerated in the issuer terms.
Other eligible purchases
Usage-based valueTwo Travel Credits per ₹200 on other eligible retail purchases.
Fees · 2 items
Annual card fee
Cost ₹4,999₹4,999 annual fee before applicable tax.
Joining fee
Cost ₹4,999₹4,999 one-time joining fee before applicable tax.
Fee waiver · 1 item
Annual fee waiver
Usage-based · up to ₹4,999Annual fee may be waived after ₹15,00,000 of eligible annual spending.
Conditions: Reach ₹15,00,000 eligible annual spending
Welcome benefits · 1 item
5,000 Travel Credits
Recorded value ₹1,250Welcome credits conservatively valued at ₹0.25 each; eligible transfer value can be higher.
Conditions: Spend ₹1 lakh on eligible purchases within 60 days of issuance
Spend milestones · 1 item
20,000 Travel Credits at ₹12 lakh anniversary spend
20,000 reward unitsUnlocked after ₹12,00,000 of eligible spending.
Conditions: Reach ₹12,00,000 per card anniversary year
Airport lounge access · 4 items
Domestic lounge access
Usage-based value2 visits per quarter through Issuer card. Guest access: not available. Eight unconditional base visits per calendar year.
International lounge access
Usage-based value6 visits per year through Priority Pass. Guest access: chargeable.
Priority Pass membership
Shown without a cash valueOne additional domestic lounge voucher for each cumulative ₹1 lakh eligible spend, capped at fifteen per membership year
Shown without a cash value
Travel privileges · 1 item
Six Travel Credits per ₹200 on eligible travel and two per ₹200 elsewhere
Shown without a cash value
Insurance and protection · 2 items
Lost-card liability cover up to ₹1 lakh
Shown without a cash valueLoss of checked baggage, baggage delay or damage, loss of travel documents and flight-cancellation protection under issuer limits
Shown without a cash value
Memberships · 2 items
Priority Pass membership
Shown without a cash valueOne additional domestic lounge voucher for each cumulative ₹1 lakh eligible spend, capped at fifteen per membership year
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value1.99% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. No universal verified numeric income threshold is used as a hard filter. The reviewed SBI Card sources do not publish one universal numeric income threshold.
Other benefits · 1 item
1% fuel-surcharge waiver under issuer terms
Shown without a cash value
Other categories (6)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Dining
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗
What stands out
- ✓ Six Travel Credits per ₹200 on eligible travel and two per ₹200 elsewhere
- ✓ Eight base domestic and six international lounge visits yearly
- ✓ Up to fifteen additional domestic lounge vouchers from cumulative spend
- ✓ 1.99% forex markup, Priority Pass and transfer-partner options
What to watch
The conservative value is ₹0.25 per Travel Credit; travel booking and partner-transfer values vary. Credits expire after 24 months, and the ₹15 lakh fee waiver is demanding.
Recorded exclusions
Fuel Commute · Bills Utilities · Education Family · Rent · Insurance · Wallet load · Quasi cash · Cash withdrawal · Fees charges · Encash · Atm · Flexipay · Merchant emi
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
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Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Card change history
Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.
- Value reduced
Air-accident cover discontinued
SBI Card discontinued the former complimentary air-accident insurance benefit.
- Before
- The card included complimentary air-accident cover.
- After
- Air-accident cover is no longer part of the current MILES ELITE benefits.
Checked 23 Sept 2026SBI Card insurance benefit notice ↗
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 23 Sept 2026 · Latest recorded change effective 15 Jul 2025