SBI Card • SBI Card's top travel card with flexible Travel Credits and a low 1.99% forex markup.
By Deepak • Co-founder, Credwiser
Figures checked against the issuer's official MITC • Last verified 21 October 2026 • How we score
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SBI Card MILES ELITE is the flagship of SBI Card's three card MILES family, built for travellers who do not want to be locked into one airline. It earns 6 Travel Credits per Rs. 200 on travel spends and 2 per Rs. 200 on other eligible purchases. Travel Credits are flexible: they convert to air miles or hotel points with more than 20 partners, several at a 1:1 ratio where 1 credit is worth Rs. 1, or can be used for travel bookings at Rs. 0.50 each and catalogue products at Rs. 0.25 each. A welcome gift of 5,000 Travel Credits on Rs. 1 lakh of spends in 60 days and a milestone of 20,000 bonus credits at Rs. 12 lakh of annual spends reward heavy users. Travel comforts are well covered with 8 domestic lounge visits a year, 6 international visits a year on a complimentary Priority Pass membership, and an extra domestic lounge visit for every Rs. 1 lakh spent, up to 15 more a year. The forex markup is a low 1.99 percent and the card carries travel insurance including air accident cover of Rs. 1 crore and flight cancellation cover. The catch is the fee math: the Rs. 4,999 annual fee is reversed only at Rs. 15 lakh of annual spends, so the card suits genuinely high spenders. It is issued on both Mastercard and RuPay, and the RuPay variant can be linked to UPI.
Joining and annual fee Rs. 4,999 plus GST. Annual fee reversal on Rs. 15 lakh of spends in a membership year, as stated by SBI Card. Foreign currency markup 1.99 percent. Travel Credits are valid for 2 years, need a minimum of 2,000 credits for redemption, and are worth Rs. 1 each when converted to air miles or hotel points with 1:1 partners, Rs. 0.50 for travel bookings and Rs. 0.25 for catalogue products. No Travel Credits on e-wallet loading, rent, utility, insurance and quasi cash transactions. Reward redemption fee Rs. 99. Fuel surcharge waiver of 1 percent on transactions between Rs. 500 and Rs. 4,000, capped at Rs. 500 per month. Priority Pass membership is complimentary for the first 2 membership years.
Last verified against MITC: 21 October 2026
It depends on how you redeem. Converted to air miles or hotel points with 1:1 partners, 1 Travel Credit is worth Rs. 1. Used for travel bookings on SBI Card channels it is worth Rs. 0.50, and for catalogue products Rs. 0.25.
The Rs. 4,999 annual fee is reversed if you spend Rs. 15 lakh or more in the membership year.
The card is issued on Mastercard and RuPay networks. The RuPay variant can be linked to UPI apps for scan and pay transactions.
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