SBI Card MILES ELITE
SBI
₹4,999
Joining fee
₹4,999, waived at ₹15L spend
Annual fee
1.99%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹90,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 760+
Estimated — not officially confirmed by the bank.
Reward details
2 Travel Credits per Rs 200 (1X) on other spends
- 6 Travel Credits per Rs 200 on Travel spends (3X)
Welcome bonus: 5,000 Travel Credits on Rs 1 lakh spend within 60 days of activation
- Rs 12 lakh annual spend: 20,000 bonus Travel Credits
Redemption
Credits expire after 2 years
Ratio: 1:1 conversion for partner airlines/hotels (AirAsia, Air India, Etihad, IHG, etc.); 2:1 for Emirates, Qatar Airways, Accor; 6:1 for Shangri-La Group; Rs 0.50/credit for travel bookings; Rs 0.25/credit for Shop & Smile catalogue
Excluded from rewards: cash withdrawals, balance transfers, Flexipay, encash, e-wallet uploads, cashback transactions, rentals, fuel, utility bills
- Domestic lounge milestone: additional visits up to 15/year total on every Rs 1 lakh spent, no minimum spend required for the base allotment
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Accelerated rewards on travel spends — Paisabazaar
- Up to 1:1 point-to-mile conversion ratio — Paisabazaar
- Comparatively lower forex markup of 1.99% — Paisabazaar
- Complimentary airport lounge access without any spend-based condition on the base allotment — Paisabazaar
Complaints
- Priority Pass membership limited to the first 2 years only — Paisabazaar
- Lower reward rate compared to other travel cards in this price segment — Paisabazaar
Sources
- Official (not independently verified) — not separately fetched/verified in this pass — figures drawn entirely from aggregator
- Aggregator — fees, forex, lounge, rewards, sentiment