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.
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.
The welcome benefits are the same as the Axis Atlas, which now comes with 2500 Edge Miles and can be converted at 2:1 but with no spending condition. SBI should have given an incentive for renewal since paying such a hefty fee without any benefits makes no sense.
- 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.
We have compiled all the Airmiles transfer partners and Hotel loyalty partners for the SBI Miles Elite credit card. The best FFPs for redemption are Aeroplan, Club Vistara and Flying Blue. For hotels, you can target ALL Accor.
Other Benefits
Airport Lounge Access
| Access Via | Credit Card | Priority Pass |
| Complimentary Domestic Limit | 8 Visits/Calendar year within India only for primary cardholder | Up to 15 Visits/Calendar year for primary as well as guests on every spend of ₹1 Lakh |
| Complimentary International Limit | NA | 6 Visits/Calendar year only for primary cardholder |
| Maximum | Maximum 2/Qtr | Maximum 2/Qtr |
| Network | MasterCard/Rupay | MasterCard/Visa |
- 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 for each transaction between ₹500 and ₹4,000. Maximum Surcharge waiver of Rs.500 per statement cycle, per credit card account.
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)