Cards · SBI Card

SBI Card ELITE: rewards, caps and exclusions

The SBI Card ELITE pays about 2.5% on Food, Groceries, on the first ₹1,00,000 of spend a month, and 0.5% on everything else. Below is every rate, cap and exclusion in SBI Card's published terms, as we last checked them on 18 July 2026.

Visa, Mastercard, RuPay, American Express₹4,999 a yearPaid in points

What it earns

≈2.5%Food, Grocerieson the first ₹1,00,000 of spend a month

≈0.5%Everything elsecapped — see the issuer's terms

≈ marks a rate paid in points, converted at ₹0.25 a point: the lowest redemption value SBI Card documents. Some redemptions are worth more; we price at the floor, because that is what the points are worth whichever way you spend them.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Rent (since 1 April 2024)
Fuel
Wallet loads

Milestones

In SBI Card's own words:

annual spend ₹3L → 10,000 RP → 10,000 RP
annual spend ₹4L → 10,000 RP → 10,000 RP
annual spend ₹5L → 15,000 RP → 15,000 RP
annual spend ₹8L → 15,000 RP → 15,000 RP

Fees

Annual fee: ₹4,999, plus 18% GST
Joining fee: ₹4,999
Annual fee waived on ₹10,00,000 of spend in a card year
Foreign-currency markup: 1.99%

Where this comes from

Transcribed from SBI Card's own documents and checked against them on 18 July 2026:

sbicard.com (PDF)

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with SBI Card's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

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