INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: Visa / MastercardTravel & Aviation CardsLast Verified: 2026-09-28

SBI Card ELITE Advantage

एसबीआई कार्ड एलीट एडवांटेज

Secured luxury credit card issued against SBI Fixed Deposit offering ₹5,000 welcome voucher, 6 international Priority Pass visits, and 1.99% forex markup.

Annual Fee₹4,999 + GST (Renewal: ₹4,999 + GST)

Reward Rate5X Reward Points (10 points per ₹100 spent) on Dining, Departmental Stores, and Groceries. 2 Reward Points per ₹100 on all other retail transactions.

Airport Lounge6 complimentary international lounge visits per year outside India via Priority Pass (max 2/quarter). 8 complimentary domestic airport lounge visits per year (max 2/quarter).

Forex Markup1.99% low foreign currency markup.

What Is This Card

SBI Card ELITE Advantage is the secured/deposit-backed twin of the flagship ELITE card, designed for affluent entrepreneurs, foreign nationals, or individuals who prefer collateral-backed banking (SBI Fixed Deposit) while enjoying the full luxury perks of the ELITE program.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹4,999 + GST (Renewal: ₹4,999 + GST)

Fee Waiver: Spend ₹10,00,000 or more in the preceding membership year to get the annual renewal fee of ₹4,999 reversed.

🎁Welcome Benefit

e-Gift Voucher worth ₹5,000 from choice of luxury brands (Yatra.com, Hush Puppies, Shoppers Stop, Pantaloons).

⚡Reward Points Structure

5X Reward Points (10 points per ₹100 spent) on Dining, Departmental Stores, and Groceries. 2 Reward Points per ₹100 on all other retail transactions.

Redemption Value: 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25).

🛫Airport & Railway Lounge Access

6 complimentary international lounge visits per year outside India via Priority Pass (max 2/quarter). 8 complimentary domestic airport lounge visits per year (max 2/quarter).

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Air Accident Liability Cover of ₹1 Crore.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (maximum ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Free movie tickets worth ₹6,000 per year (up to 2 tickets per month worth ₹250 each on BookMyShow). Up to 50,000 bonus Reward Points on spend milestones.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Requires lien-marking an SBI Fixed Deposit (₹50,000+). Cannot liquidate the deposit while the card is active. Movie ticket benefit requires booking at least 2 tickets simultaneously.

Forex Markup Fee1.99% low foreign currency markup.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.

Finance Charges (Interest)Up to 3.50% per month (42.00% per annum).

Late Payment SlabsNil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.

Reward Points ExpiryPoints expire 24 months from date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel, utilities, rent, wallet reload, and government services.

Eligibility Criteria

Individuals aged 21 to 70 years holding an active SBI Fixed Deposit of ₹50,000 or higher.

Age Requirement21 to 70 Years

Minimum IncomeSecured against SBI Fixed Deposit (₹50,000+); zero income proof required

CIBIL Score NoteNo minimum CIBIL score required for secured advantage variant.

SBI RelationshipMandatory. Must hold an SBI Fixed Deposit.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select SBI Card ELITE Advantage.

2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).

3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).

4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).

5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).

6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Available at any SBI branch through the branch manager desk.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card

2. Aadhaar Card

3. SBI Fixed Deposit Advice copy.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on SBI Card ELITE Advantage?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum). will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on SBI Card ELITE Advantage into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on SBI Card ELITE Advantage?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25). Please note: Points expire 24 months from date of accrual.

What is the interest-free grace period on SBI Card ELITE Advantage and how does it work?

The interest-free period on SBI Card ELITE Advantage is 20 to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum).) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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