PSB SBI Card ELITE: A Credit Card with Premium Benefits for Smart Spenders

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

20 Mar 26
3 mins

Shreyansh Singh

08 Mins
20-03-26

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Table of Contents

What is the Reward Structure of PSB SBI Card Elite?
What are the Key Features and Benefits?
What are the Fees and Charges of the PSB SBI Card Elite?

PSB SBI Card Elite members can avail an e-Gift voucher worth ₹5,000.
Earn 5X reward points on groceries and dining spends.
PSB SBI Card Elite comes with an annual fee of ₹4,999 + taxes.

The PSB SBI Card Elite is a premium credit card designed for high-value spenders seeking luxury benefits and accelerated rewards. With generous bonus points, international and domestic lounge access, milestone rewards and exclusive lifestyle privileges, this card offers exceptional value while justifying its ₹4,999 annual fee for smart spenders.

Keep reading for a detailed review!

What is the Reward Structure of PSB SBI Card Elite?

Get 5X reward points with the PSB SBI Card Elite credit card on departmental stores, groceries and dining spends.
Avail 2X reward points for every ₹100 expenditure on other types of spends (except fuel).
Get up to ₹12,500 worth of 50,000 bonus reward points yearly.
Avail 10,000 bonus reward points on spends of ₹3 lakh and ₹4 lakh.
Get 15,000 bonus reward points on spends of ₹5 lakh and ₹8 lakh.

Note: 4 reward points are equivalent to ₹1.

What are the Key Features and Benefits?

Cardholders receive an e-Gift voucher worth ₹5,000 from a vast range of lifestyle and travel brands, including Yatra, Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion and Shoppers Stop.
Get 1% fuel surcharge waiver (capped at a maximum of ₹250 per month).
Get free movie tickets worth ₹6,000 annually.
Get a Priority Pass Membership worth $99.
Enjoy 6 international lounge access (2 per quarter).
Avail 8 domestic lounge access (2 per quarter).
Get a complimentary Club Vistara Silver Membership and Trident Red Tier Membership.

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What are the Fees and Charges of the PSB SBI Card Elite?

To avail all the above-mentioned perks, cardholders are subject to an annual fee of ₹4,999 + taxes.

Here are some additional charges applicable to the card:

Parameters	Fees and Charges
Renewal Fee (per annum)	₹4,999 + taxes
Add-on Fee (per annum)	NIL
Finance Charge	3.75% (per month)
Cash Advance Fee	2.5% of the withdrawn amount or ₹500 (whichever is higher)

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Footnote

You will receive an SMS within 21 working days of paying the annual fees to select an e-Gift voucher.

FAQs

What Visa network privileges can I get with the PSB SBI Card Elite?

With the PSB SBI Card Elite, you can get exclusive benefits across 900 luxury hotels worldwide. Additionally, avail savings of up to 10% on Hertz Car rental and up to 35% on Avis Car rental. You can also enjoy up to 15% off on stays at IHG Hotels and Resorts.

What RuPay network privileges can I get with the PSB SBI Card Elite?

The PSB SBI Card Elite grants you up to 15% cashback on hotels and flight bookings made with the MakeMyTrip app. You also get up to 20% off on ZoomCar and up to 15% off on shopping at lifestyle stores.

What is the forex markup fee associated with the PSB SBI Card Elite?

The PSB SBI Card Elite has the lowest foreign currency markup charge of 1.99% on international usage. You also get 2 reward points for every ₹100 spent on such transactions.