The SBI Miles Elite Credit Card is a premium travel-focused card designed for frequent flyers who want solid rewards and airline benefits in one place. Often compared with the SBI Elite credit card, this variant is more mileage-oriented and suits users who prefer converting spends into air miles rather than vouchers. With accelerated reward points on travel, lounge access, and airline transfer options, the card targets professionals and high spenders who travel often. Backed by the trust of SBI Elite Branding, the SBI Credit Card Elite Miles version stands out for its flexible redemption structure and travel privileges. In this SBI Miles Elite Credit Card review, we take a closer look at whether its rewards, fees, and benefits justify the premium positioning for Indian travellers.
SBI Miles Elite Credit Card Fees & Charges [ year]
Fee Type | Amount / Charge | Notes |
Annual / Joining Fee | ₹4,999 + GST | Charged at issuance and every year; can be waived on ₹15 L spend in previous year. |
Renewal Fee | ₹4,999 + GST | Same as annual fee; waiver applies on spending condition. |
Add-On Card Fee | Nil | No separate charge for add-on card. |
Foreign Transaction / Forex Markup | 1.99% + GST | Competitive low forex fee for travel spends. |
Cash Advance (ATM Withdrawal) | 2.5% or ₹500 (whichever is higher) | Standard charge on cash withdrawals abroad/domestically. |
Finance / Interest Charges | ~3.75% per month (~45% p.a.) | Interest on outstanding balances if not paid by due date. |
Late Payment Charges | ₹0–₹1,300 (tiered) | Based on the unpaid amount at billing cycle. |
Fuel Surcharge Waiver | Up to ₹500/month | 1% waiver on fuel spends eligible range (₹500–₹4,000). |
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SBI Miles Elite Credit Card Rewards [ year]
The SBI Miles Elite Credit Card uses a Travel Credits system basically “miles-like” rewards you earn on your spending instead of standard reward points. This makes it functionally similar to a miles card, especially for frequent travellers:
- 6 Travel Credits for every ₹200 spent on travel-related transactions airline tickets, hotel bookings, etc.
- 2 Travel Credits for every ₹200 spent on all other eligible purchases this applies to most everyday retail spends except excluded categories.
- Welcome Bonus: 5,000 Travel Credits credited upon spending ₹1 lakh within 60 days of card issuance.
Travel Credits function like miles you can convert them into airline miles, hotel points, travel bookings, or use them for catalog redemption.
Why this rewards structure matters:
- The 6-credit travel earn rate means higher effective returns on travel spends compared to many standard cards.
- Non-travel spends still earn credits (2 per ₹200), which keeps everyday purchases valuable too.
- Travel Credits are valid for 2 years a good window to plan redemptions.
Bonus & milestone perks many users find useful:
- You can secure milestone bonus credits (e.g., 20,000 on ₹12 L annual spend), boosting reward ROI.
- Priority Pass and lounge benefits complement this by converting spend into travel comfort.
Exclusions & Eyes-Open Notes
Travel Credits are not earned on some categories such as:
- e-wallet top-ups
- rent and utilities
- insurance and quasi-cash transactions
This matters when comparing the value against the SBI elite card charges (like the ₹4,999 + GST fee) because if a lot of your spend falls in excluded categories, your effective returns will be lower.
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SBI Miles Elite Credit Card Redemption
With the SBI Miles Elite Credit Card, you don’t just earn points — you earn Travel Credits that function like credit card miles:
- Convert Travel Credits into Air Miles: 1 Travel Credit = ₹1 worth of airline miles or hotel points at select partners.
- Redeem for Travel Bookings: Use Travel Credits to book flights and hotels directly through SBI rewards at a nominal conversion rate.
- Alternate Redemptions: Credits can also be used for merchandise or catalog items, albeit at lower value than airline/hotel conversions.
What users care about: The miles credit card model here is designed to give higher real value when converting to airline miles or hotel points vs traditional reward point redemption.
SBI Miles Elite Credit Card Milestone Benefits
This card rewards you for reaching specific spending thresholds something many users want to optimise for:
- Welcome Bonus: Earn 5,000 Travel Credits after spending ₹1,00,000 within 60 days.
- Spend Milestones:
- ₹12,00,000 annual spend → 20,000 Bonus Travel Credits.
- ₹1,00,000 spend increments → 1 extra domestic lounge visit each, up to 15 extra visits a year.
- Annual Fee Reversal: Spend ₹15,00,000 in a year and your ₹4,999 + GST fee is reversed at renewal.
These milestone bonuses help boost your real returns on spend especially if you travel often or make large purchases.
SBI Miles Elite Credit Card Lounge Access — Domestic + International
Lounge benefits are a major reason people pick this card in an SBI Elite Credit Card review:
Domestic Airport Lounges (India)
- 8 complimentary domestic lounge visits per year (usually 2 per quarter).
- Extra visits on spends: Earn 1 more domestic lounge access for every ₹1,00,000 spent — capped at 15 additional visits annually.
If you fly domestically several times a year, this can significantly enhance travel comfort.
International Lounges
- Priority Pass Membership (complimentary): Gives access to 1000+ lounges worldwide.
- 6 complimentary international lounge visits each year (capped at 2 per quarter).
Tip: Priority Pass membership is valid for 2 years once issued.
Should You Get the SBI Miles Elite Credit Card?
✅ Yes — if you:
- Travel often and value airport lounge access (domestic + international).
- Want a miles card that earns travel credits you can convert to airline miles or hotel points.
- Spend regularly on travel and big ticket spends because credit card miles and milestone bonuses add up best when you reach higher thresholds.
- Want more than a standard rewards card? The SBI elite tier gives better travel perks than basic SBI cards.
❌ Maybe / No — if you:
- Travel rarely and prefer simple cashback over travel rewards.
- Spend mostly on everyday bills that earn lower rewards; milestone bonuses may then not justify the fee.
- Prefer straightforward value without managing redemptions and airline transfers.
If you’re looking for a miles credit card that boosts travel rewards and lounge perks, the SBI Miles Elite makes sense. But for casual spenders or those who don’t fly frequently, its benefits may not outweigh the costs — a key point in any honest SBI credit card elite review.
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Is the SBI Miles Elite Credit Card review in India positive?
Yes, most SBI Miles Elite Credit Card review India ratings are positive for frequent travellers due to strong miles earning and lounge benefits.
What are the SBI Miles Elite Credit Card benefits?
SBI Miles Elite Credit Card benefits include travel credits (miles), international and domestic lounge access, milestone rewards, and airline/hotel redemptions.
What is the SBI ELITE Credit Card maximum limit?
The SBI ELITE Credit Card maximum limit varies by income and credit profile, but premium users often receive limits starting from ₹5–10 lakh or higher.
What is the SBI Miles Elite Credit Card annual fee?
The SBI Miles Elite Credit Card annual fee is ₹4,999 + GST, with a waiver available on high annual spending.
What is the difference between SBI Miles Elite vs SBI Elite Credit Card?
SBI Miles Elite vs SBI Elite Credit Card mainly differs in rewards—Miles Elite focuses on travel credits (miles), while SBI Elite offers general rewards and lifestyle benefits.
Where can I find the SBI Miles Card benefits PDF?
The SBI Miles Card benefits PDF can be downloaded from the official SBI Card website under the travel credit card section.
Is the SBI Miles Elite available as a RuPay credit card?
Yes, the SBI Miles Elite RuPay Credit Card variant is available, offering UPI-linked credit card usage along with standard Miles Elite benefits.
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