SBI Miles Elite Credit Card

Below are the key highlights of the SBI Card Miles Elite, one of the Best Travel Credit Cards

Below are the detailed features and benefits of the SBI Card Miles Elite, one of the best SBI Credit Cards:

Welcome Benefit 

• 5,000 Travel Credits on spending Rs. 1 Lakh in 60 days of card issuance. 
• Applicable on payment of the joining fee.
• Complimentary Priority Pass Membership worth $99 for the first 2 years.

Milestone Benefit

• 20,000 Bonus Travel Credits on spending Rs. 12 Lakhs annually.
• Get your annual fee reversed on achieving milestone spends of Rs. 15 Lakhs in a membership year.

Rewards

• Under Credit Card Reward Programs, you get 6 Travel Credits for spending every Rs. 200 on travel.
• 2 Travel Credits for spending every Rs. 200 on all other categories.
• 1 Travel Credit = Rs. 1 for Air Mile/ Hotel Point, Rs. 0.50 for Travel Bookings, and Rs. 0.25 for Shop and Smile Product Catalogue.
• Convert Travel Credits into Air Miles/ Hotel Points, Travel Bookings, or select from a wide range of catalogue products. 

Complimentary Airport Lounge Access

• Complimentary Priority Pass Membership worth $99 for the first 2 years.
• If you are in need of Airport Lounge Credit Cards, this one offers 6 complimentary visits every year (maximum 2 visits per quarter) to 1,000+ international airport lounges worldwide.
• After complimentary visits, a usage fee of $27 + taxes will be charged.
• 1 complimentary domestic airport lounge visit for every spend of Rs. 1 Lakh, over and above the complimentary visits.
• Additional lounge visits are limited to 15 visits in a membership year.

Insurance Cover

• Up to 6 flight cancellations every year, with each cancellation limited to Rs. 3,500.
• Air Accident Cover up to Rs. 1 crore
• Lost Card Liability Cover of up to Rs. 1 Lakh.
• Loss of Check-in Baggage Cover of up to Rs. 72,000.
• Delay of Check-in Baggage Cover of Rs. 7,500.
• Loss of Travel Documents Cover up to Rs. 12,500.
• Baggage Damage Cover up to Rs. 5,000.

Other Benefits 

• Low foreign currency markup charge of 1.99% on international usage.
• Contactless feature.
• Global acceptance at over 24 million outlets globally.
• Withdraw cash from 1 million+ ATMs across the globe.
• Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Balance transfer and Flexipay facilities.

Fees

• Joining fee: Rs. 4,999 + taxes.
• Annual fee: Rs. 4,999 + taxes; Reversed on annual spends of Rs. 15 Lakhs.

Below are the various charges associated with the SBI Card Miles Elite:

• Joining fee: Rs. 4,999 + taxes.
• Annual fee: Rs. 4,999 + taxes; Reversed on annual spends of Rs. 15 Lakhs.
• Add-on Fee (per annum): Nil.
• Cash advance fee: 2.5% of transaction amount or Rs. 500, whichever is higher.
• Foreign currency markup: 1.99%. 
• Cash payment fee: Rs. 250 + applicable taxes. 
• Finance charges: Up to 3.75% p.m. (45% p.a.).
• Late payment charges: Rs. 0 to Rs. 1,300, depending on the outstanding amount. 
• Overlimit fee: 2.5% of the amount over the credit limit, or Rs. 600, whichever is higher.
• Payment dishonour fee: 2% of the payment amount, minimum Rs. 500.
• Utility payment fee: 1% of the total amount exceeding Rs. 50,000 in a billing cycle.
• Education payment transaction fee: 1% of the transaction amount for transactions made through third-party apps.
• Wallet load transaction fee: 1% of the transaction amount on every transaction above Rs.1,000. 
• Card replacement fee: Rs. 100 to Rs. 250.
• Cheque payment fee: Rs. 200 + applicable taxes.
• Rewards redemption fee: Rs. 99 + applicable taxes.
• Foreign currency transaction/ dynamic currency conversion fee: 3.5%.
• Processing fee on rent payment transactions: Rs. 199. 
• Balance transfer interest rate: 1.7% p.m. (20.40% p.a.)

There are many benefits of choosing the SBI Card Miles Elite over other cards, including:

• Welcome benefit of 5,000 Travel Credits on spending Rs. 1 Lakh in 60 days.
• If you need Credit Cards with Priority Pass, this card gives you complimentary Priority Pass Membership worth $99 for the first 2 years.
• 20,000 Bonus Travel Credits on spending Rs. 12 Lakhs annually.
• Annual fee reversal on spending Rs. 15 Lakhs in a membership year.
• This best cash back credit card offers 6 Travel Credits for spending every Rs. 200 on travel and 2 Travel Credits on all other categories.
• 6 complimentary visits every year to 1,000+ international airport lounges worldwide.
• Comprehensive insurance cover for flight cancellations, air accidents, etc.
• Low foreign currency markup of 1.99%.
• 1 complimentary domestic airport lounge visit (up to 15 visits/year) for every Rs. 1 Lakh spent.
• Low foreign currency markup charge of 1.99% on international usage.

If you want SBI Card Miles Elite, you can apply online on our website by following the steps mentioned below:

• Visit the ‘Credit Card’ section on the homepage and choose ‘SBI Credit Card’ from the dropdown menu. 
• Now select the preferred credit card from the dropdown menu and click on the ‘Apply Now’ button. 
• Provide all the required details.
• Verify your mobile number with an OTP.
• Our credit card experts will get in touch with you to assist you in completing the application process.

You will need the following documents to apply for the SBI Card Miles Elite:

• Identity proof: PAN Card (mandatory) and Passport/ Aadhaar Card/ Voter’s ID Card/ Driver’s License. 
• Coloured passport-size photographs: 2 to 3.
• Address proof: Passport/ Driver’s License/ Aadhaar Card/ Recent Utility Bill or Bank Statement (not older than 3 months). 
• Income proof for salaried: Last 3 months’ salary slips, latest Form 16, and last 3 months’ bank statement.
• Income proof for self-employed: Income Tax Returns (ITR) and the last 3 months' bank statements.

Pros

• 5,000 Travel Credits as a welcome benefit.
• Complimentary Priority Pass Membership worth $99 for the first 2 years.
• 20,000 Bonus Travel Credits as a milestone benefit.
• 6 Travel Credits for spending every Rs. 200 on travel and 2 Travel Credits on all other categories.
• 6 complimentary visits every year to 1,000+ international airport lounges worldwide.
• Comprehensive insurance cover for flight cancellations, air accident, lost card liability, loss/delay of check-in baggage, loss of travel documents, and baggage damage.
• Low foreign currency markup charge of 1.99% on international usage.

Cons

• 5,000 welcome Travel Credits can be availed only on spending Rs. 1 Lakh in 60 days of card issuance and payment of joining fee.
• If you are in search of Fuel Surcharge Waiver Credit Cards, this card does not offer any benefit.
• Annual fee reversal is possible only after achieving a significant annual spend threshold of Rs. 15 Lakhs.
• To get 20,000 Bonus Travel Credits, you have to spend Rs. 12 Lakhs annually.
• To unlock 1 complimentary domestic airport lounge visit, you have to spend Rs. 1 Lakh.
• This is not a lifetime free credit card.

To qualify for the SBI Card Miles Elite, you must meet the following credit card eligibility criteria:

• Age: 21 to 70 years.
• Nationality: Indian resident.
• Occupation: Salaried or self-employed. 
• Other requirements: Regular source of income, good credit score, etc.