SBI Card ELITE
PremiumSBI Card
Where it ranks · across all 71 cards
What a point is worth
Earning 2 pts / ₹100, the same point pays very differently by redemption path:
| Redemption path | Per point | Effective on spends |
|---|---|---|
| Vouchers / catalogue | ₹0.25 | 0.50% |
| Statement credit | ₹0.25 | 0.50% |
SBI RP ₹0.25 across catalogue/statement (bank). Rankings across KaunsaCard use a single conservative value (₹0.25/pt = 0.50%); transfer ceilings assume premium-cabin awards and are never used to rank.
Reward rules
Points valued at ₹0.25/pt - conservative, what rankings use
Base rate - everything not covered below
2 pts / ₹100= 2 pts per ₹100
0.50%
conservative value
10 RP/₹100 on dining, departmental stores & grocery (bank brands this 5X)
10 pts / ₹100= 10 pts per ₹100
2.50%
conservative value
Source: SBI Card ELITE T&C (bank PDF) · 2026-08-22
Milestones
₹3,00,000 / year
10,000 bonus RP
worth ≈ ₹2,500
₹4,00,000 / year
+10,000 RP
worth ≈ ₹2,500
₹5,00,000 / year
+15,000 RP
worth ≈ ₹3,750
₹8,00,000 / year
+15,000 RP (max 50,000 RP/yr across tiers)
worth ≈ ₹3,750
Earns nothing on
- ⊘ Petrol pumps/service stations excluded (ELITE booklet lists no MCC codes).
- ⊘ E-wallet loads excluded (bank rewards FAQ).65406541bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Rent excluded w.e.f. 1 Apr 2024 (ELITE on the bank card list).6513bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Government transactions excluded w.e.f. 1 Jun 2024 (bank card list).93999311bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Flexipay and Merchant EMI excluded.