Is the SBI Elite credit card worth it to use now?
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Hey bro, you’re probably wondering if the SBI Elite Credit Card is worth using, especially with that annual fee. Let me break it down for you quickly.
1. Welcome Benefits & Rewards
You get ₹5,000 worth of vouchers as soon as you join. These can be used at places like Yatra, Pantaloons, and Shoppers Stop.
Every time you spend ₹100, you earn 2 reward points. For dining, groceries, and movies, you get 10 points.
You can redeem these points for air miles, shopping, etc.
2. Lounge Access
8 free international lounge visits a year through Priority Pass (2 per quarter).
6 free domestic lounge visits across India.
3. Annual Fee:
The card costs ₹4,999/year, but the welcome vouchers and lounge access alone can make up for it if you use them.
4. Movie & Dining Perks
You get up to ₹6,000 in free movie tickets each year.
Also, exclusive dining offers at select restaurants.
5. Milestone Benefits
Spend ₹3 lakh in a year? Get a ₹3,000 voucher.
Spend ₹5 lakh? You get an additional ₹4,000 voucher.
Higher spenders benefit more from this.
6. Fuel Waiver:
1% fuel surcharge waiver for transactions between ₹500-₹4,000. Handy if you drive a lot.
7. Insurance Coverage
Air accident insurance worth ₹50 lakh.
Fraud liability of up to ₹1 lakh.
Lost baggage insurance for international travel.
Should You Get It?
If you travel a lot or spend on luxury experiences, this card can pay for itself through the lounge access, vouchers, and rewards. But if you don’t plan to use these perks, the high fee might not be worth it for you.
So yeah, if you’re into premium perks and can take advantage of the rewards, go for it. Otherwise, there are cheaper cards with similar benefits.