Credit Card Compare

SBI Card Miles Elite

Data last updated 23 October 2026
45.00%
Purchase rate
₹4,999
Annual fee
5,000
Bonus points
Application

CardIQ

33Basic

Basic

Overall score, out of 100 · How this works

  • Rewards28
  • Sign-up bonus21
  • Travel51

Customer reviews

No reviews yet. Be the first to review the SBI Card Miles Elite.

Pros & cons

What's good

  • 5,000 bonus points to start, worth around ₹1,250 at our ₹0.25-per-point valuation.
  • No fee to add an additional cardholder.

Worth noting

  • Annual fee Rs. 4,999 + taxes (GST not included in stated amount). Renewal fee same. Waived off on annual spends of Rs. 15 lakh or more in the preceding year. Add-on card fee: NIL. The ₹4,999 annual fee is still toward the top of the market (the median is ₹750).
  • Up to 50 interest-free days on purchases (below the 50-day median).

Card details

The basics

Additional cardholder fee
₹0 p.a.
Card tier
Not published
Card type
Mastercard
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
SBI Card Travel Credits (Miles Elite)

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
Not published
Minimum income
Not specified
Residency
India
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
45.00% p.a.
Purchases
45.00% p.a.

Fees

Additional cardholder fee
₹0
Annual fee
₹4,999 p.a.
Cash advance fee
2.5% of the amount
Foreign transaction fee
1.99%
Late payment fee
₹1,300
Over limit fee
₹600

Repayments

Interest-free period
Up to 50 days on purchases
Minimum repayment
100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of Finance Charges + Overlimit Amount (if any) + 2% of Remaining Balance Outstanding or Rs 200 (whichever is greater)

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
None
Bonus categories
None
Other purchases
None
Overseas spend
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
Travel Credits can only be accumulated for a period of 24 months from the date of the accrual of Travel Credits under the program.

Sign-up bonus

Bonus spend required
Get 5,000 Travel Credits on spends of Rs. 1 lakh within 60 days of card issuance
Sign-up bonus
5,000 points

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Purchase rate45.00%Top 10% (4th of 49 cards)
Interest-free days50 daysTop 10% (3rd of 24 cards)
Overseas fee1.99%Top 10% (6th of 49 cards)
Sign-up bonus₹1,250Middle of the market (11th of 22 cards)
Annual fee₹4,999 a yearAmong the most expensive (43rd of 49 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
How CardIQ scores cards
Issuer
SBI Card