SBI Card MILES ELITE review: fees, rewards and eligibility
The SBI Card MILES ELITE has a recorded annual fee of ₹4,999 plus GST and a base earn of 2 Travel Credits per ₹200 on eligible other spend. CardMasters checked its issuer terms on 2026-08-01. Affiliate commission never changes ranking; confirm final terms and approval with SBI Card.
SBI Card MILES ELITE: short answer
The SBI Card MILES ELITE is in the premium tier of SBI Card credit cards, with a joining fee of ₹4,999, an annual fee of ₹4,999 plus GST (waived on ₹15,00,000 of eligible annual spend), a base earn of 2 Travel Credits per ₹200 on eligible other spend and a 1.99% forex markup. Rewards are not earned on fuel, wallet load, rent, education, utility. It suits miles transfer, travel, low forex spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
Reward structure
2 Travel Credits per ₹200 on eligible other spend
- 3 points per ₹100 on travel spends (air/rail/hotels/OTAs) — 6 Travel Credits per ₹200 on issuer-defined travel MCCs.
Eligibility and important limits
The issuer does not publish a card-specific approval cutoff in the current source. SBI Card does not publish a numeric income or bureau-score cutoff for this product; approval remains subject to its underwriting policy. Approval remains solely at the issuer’s discretion.
Does not earn: fuel, wallet load, rent, education, utility, insurance, quasi cash, cash advance, financial charges, disputed transactions, encash, atm withdrawal, flexipay, merchant emi.
Important limit: Travel Credits are valued at ₹0.50 through SBI Card travel bookings unless a user can realize a partner transfer value; CardMasters uses the lower published route.
Frequently asked questions
What is the annual fee for the SBI Card MILES ELITE?
The published annual fee in our current record is ₹4,999 plus applicable GST. It can be waived after ₹15,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the SBI Card MILES ELITE?
2 Travel Credits per ₹200 on eligible other spend. Accelerated routes include 3 points per ₹100 on travel spends (air/rail/hotels/OTAs). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the SBI Card MILES ELITE?
The current issuer-sourced exclusions recorded by CardMasters include fuel, wallet load, rent, education, utility, insurance, quasi cash, cash advance, financial charges, disputed transactions, encash, atm withdrawal, flexipay, merchant emi. Merchant category coding and issuer terms determine final eligibility.
Who should consider the SBI Card MILES ELITE?
It is most relevant for people focused on miles transfer, travel, low forex. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the SBI Card MILES ELITE worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹4,999 plus GST each year. The fee is waived at ₹15,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the SBI Card MILES ELITE?
SBI Card does not publish a numeric income or bureau-score cutoff for this product; approval remains subject to its underwriting policy. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the SBI Card MILES ELITE?
The recorded foreign-currency markup is 1.99% before GST. On ₹1,00,000 of international spend that is about ₹1,990 in markup, so compare it against any rewards earned on overseas transactions.
Does the SBI Card MILES ELITE offer airport lounge access?
Domestic lounge access: 8/yr (maximum 2/quarter), plus 1 additional visit per cumulative ₹1 lakh spend; additional visits capped at 8/membership year. International lounge access: 6/yr through Priority Pass; paid thereafter. Spend conditions and guest charges are set by the issuer and can change.