The SBI Miles Elite Credit Card is a premium travel credit card offering generous travel rewards, complimentary lounge access, and valuable insurance benefits. With its low forex markup, extensive travel credits, and a rewarding milestone program, it is an excellent choice for frequent travelers.
Key Features & Benefits
Reward Points Structure
- 6 Travel Credits per ₹200 spent on travel.
- 2 Travel Credits per ₹200 spent on other eligible purchases.
- No Travel Credits for transactions related to e-wallet loading, rent payments, utility bills, insurance, or quasi-cash transactions.
Welcome Benefits
- 5,000 Travel Credits upon spending ₹1 lakh within 60 days of card issuance.
- Credits can be redeemed for up to ₹5,000 towards travel bookings or partner programs.
- Travel Credits credited within 15 days after reaching the spend threshold.
Milestone Benefits
- Earn 1 additional domestic lounge visit per ₹1 lakh spent.
- 20,000 bonus Travel Credits on annual spends of ₹12 lakh.
- Annual fee reversal on spending ₹15 lakh in a year.
- Maximum 15 additional domestic lounge visits per year based on spend milestones.
Lounge Access
- 8 complimentary domestic airport lounge visits per year (maximum 2 per quarter).
- 6 complimentary international lounge visits per year (maximum 2 per quarter).
- Complimentary Priority Pass membership (worth $99) for 2 years.
- International lounge access via Priority Pass, post-limit usage charged at $27 + taxes per visit.
Travel Benefits
- Low forex markup of 1.99%, significantly lower than the industry standard.
- Insurance coverage for flight cancellations, lost baggage, and air accidents.
- The card is available on the RuPay network, enabling UPI-linked payments for added convenience.
Insurance Coverage
- Flight Cancellations: ₹3,500 per cancellation (up to 6 times per year).
- Air Accident Cover: Up to ₹1 crore.
- Loss of Check-in Baggage: Up to ₹72,000.
- Delay of Check-in Baggage: Up to ₹7,500.
- Loss of Travel Documents: Up to ₹12,500.
- Baggage Damage Cover: Up to ₹5,000.
- Lost Card Liability: Up to ₹1 lakh.
Fees & Charges
- Joining Fee: ₹4,999 + GST.
- Renewal Fee: ₹4,999 + GST.
- Reward Redemption Fee: ₹99.
- Foreign Currency Markup: 1.99%.
- Interest Rate: 3.50% per month (42% annually).
- Fuel Surcharge Waiver: 1% (maximum ₹500 per month).
- Cash Advance Fee: 2.5% of the amount or ₹500, whichever is higher.
Reward Redemption
- Travel Credits can be redeemed for:
- Air Miles / Hotel Points at a 1:1 ratio.
- Travel Bookings at ₹0.50 per Travel Credit.
- Product Catalogue (Shop & Smile) at ₹0.25 per Travel Credit.
Why Choose SBI Miles Elite Credit Card?
✅ High Travel Rewards – Earn 6 Travel Credits per ₹200 spent on travel. ✅ Exclusive Lounge Access – 8 domestic + 6 international lounge visits annually. ✅ Low Forex Markup – Only 1.99%, making it cost-effective for global travelers. ✅ Strong Travel Insurance Coverage – Protects against flight cancellations, baggage loss, and other travel mishaps. ✅ Spend-Based Perks – Additional lounge access and annual fee waivers.
Final Thoughts
The SBI Miles Elite Credit Card is one of the best premium travel credit cards for frequent domestic and international travelers. With valuable milestone rewards, comprehensive travel benefits, and a rewarding redemption program, it stands out in the travel credit card segment.
