SBI Card
SBI Card MILES ELITE
Premium travel card: 6 Travel Credits per ₹200 on travel and 2 per ₹200 elsewhere, 1.99% forex markup, domestic and Priority Pass lounge visits.
- ₹4,999 joining, ₹4,999 a year
- Works on UPI (RuPay)
- Mastercard / RuPay
Pros and cons
Good
- Airport lounge visits with no published spend condition
- Low forex markup (1.99%)
Watch out for
- At ₹4,999 a year, it doesn't beat a free card's rate on any spend
- High joining fee: ₹4,999 up front
- Earns nothing on fuel, wallet loads, rent, utility bills, insurance and government payments
- Who it's for
- Frequent flyers who use airport lounges and can meet the fee waiver.
Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.
Rewards (value back as % of spend)
- Everyday spends
- 0.5% (base rate)
- Online shopping
- 0.5%
- Fuel
- 0%
- Groceries
- 0.5%
- Travel
- 1.5%
- Bills and utilities
- 0%
- Dining and food delivery
- 0.5%
Fees and charges
- Joining fee
- ₹4,999
- Annual fee
- ₹4,999
- Fee waiver
- Renewal fee waived if annual spends in the previous year are ₹15,00,000 or more
- Forex markup
- 1.99%
- Fuel surcharge waiver
- 1% waiver on fuel transactions of ₹500 to ₹3,000; max ₹500 per statement cycle
Benefits and eligibility
- Airport lounge
- 8 domestic visits a year (2 a quarter) plus 1 extra for every ₹1 lakh spent (up to 15 extra a membership year); 6 international visits a year via Priority Pass (max 2 a quarter; membership free for the first 2 years); no spend condition is published for the base visits.
- Card network
- Mastercard, RuPay
- UPI payments
- Yes, as a RuPay credit card
- Minimum income (salaried)
- Not published by the bank
- Eligibility
- Not published by the bank
Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.
Compare it with other cards
Ready to apply for the SBI Card MILES ELITE?
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender. Approval, limits and final terms are decided by SBI Card.
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What changed recently
- FeesWorse for you
Late payment fee now starts at ₹100 on dues above ₹100 (was nil up to ₹500) and rose from ₹400 to ₹500 on dues of ₹500–1,000.
Before: Nil up to ₹500; ₹400 for ₹500–1,000 · After: Nil up to ₹100; ₹100 for ₹100–500; ₹500 for ₹500–1,000
Bank's notice or terms - FeesWorse for you
New 1% fee on education payments made through third-party apps; paying the school or college directly stays free.
After: 1% of the transaction
Bank's notice or terms - FeesWorse for you
New 1% fee on every wallet load above ₹1,000.
After: 1% of the transaction
Bank's notice or terms
Questions people ask
Is the SBI Card MILES ELITE worth it in 2026?
Only if you'll use the airport lounge visits and can meet the fee waiver; the rewards alone don't cover the fee. The catch: earns nothing on fuel, wallet loads, rent, utility bills, insurance and government payments.
Is the SBI Card MILES ELITE lifetime free?
No. It costs ₹4,999 to join and ₹4,999 a year, plus GST. Renewal fee waived if annual spends in the previous year are ₹15,00,000 or more.
Does the SBI Card MILES ELITE work on UPI?
Yes, it's a RuPay card, so you can link it to UPI apps for merchant payments.
Does the SBI Card MILES ELITE give airport lounge access?
8 domestic visits a year (2 a quarter) plus 1 extra for every ₹1 lakh spent (up to 15 extra a membership year); 6 international visits a year via Priority Pass (max 2 a quarter; membership free for the first 2 years); no spend condition is published for the base visits.
What earns no rewards on the SBI Card MILES ELITE?
No Travel Credits on fuel (MCC 5172, 5541, 5542, 5983), wallet loads (6540, 6541), rent and property management (6513), school and education (8211, 8241, 8244, 8249, 8299), utilities (4900, 4814, 4899, 9399), insurance (5960, 6300, 6380), quasi-cash (6012, 6051, 9222, 9311, 9402), cash advances, ATM withdrawals, Encash, Flexipay, merchant EMI, finance charges and fees, and disputed transactions. Balance transfers and cashback transactions don't earn Travel Credits either.
Is there a limit on rewards with the SBI Card MILES ELITE?
Travel Credits on all online and offline spends are capped at 15,000 per calendar month; after the cap no credits are earned that month. That's worth ₹7,500 at ₹0.50 per credit on travel bookings (the value our rates use), or ₹15,000 when converted to air miles or hotel points at Re 1 each.
Who can get the SBI Card MILES ELITE?
Approval is at the bank's discretion.
How we checked this card: the CreditParakh team read SBI Card's own product page on 18 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.
Last verified 18 Oct 2026 on SBI Card's official page. Fees and rewards change; check the issuer's terms before you apply.