SBI Card MILES Elite

The SBI Card MILES Elite represents an excellent option for frequent travellers who seek comprehensive travel benefits combined with flexible reward redemption. Designed specifically for individuals who prioritise air travel and hotel stays, this card offers the ability to convert Travel Credits into miles with over 20 airline and hotel partners at competitive ratios. The card particularly suits those who appreciate lounge access benefits, both domestically and internationally, along with the convenience of low foreign currency markup charges for overseas transactions. 

Overview 

• Global Acceptance: Cardholders can utilise the card at over 24 million outlets worldwide, including 325,000 in India, making it suitable for both domestic and international purchases. 

• Add-on Cards: Family members above 18 years can receive supplementary cards at no additional cost, enabling them to share the card's benefits. 

• Cash Withdrawals: The card provides access to cash from over 1 million ATMs globally, ensuring convenient access to funds when needed. 

• Contactless Payments: The card features contactless payment technology, allowing quick and secure transactions. 

• Utility Bill Payments: Cardholders can conveniently settle electricity, mobile, telephone, and other utility bills using the Easy Bill Pay facility. 

• Balance Transfer on EMI: Outstanding balances from other bank credit cards can be transferred at competitive interest rates and repaid through easy EMIs, providing financial flexibility. 

• Flexipay: Purchases of ₹2,500 or more can be converted into convenient monthly instalments within 30 days, assisting with expense management. 

Rewards and Benefits 

Earning Travel Credits 

• Travel Spends: Cardholders earn 6 Travel Credits for every ₹200 spent on: 

• Airline tickets 

• Hotel bookings 

• Travel agencies 

• Online travel portals 

• Other Purchases: Earn 2 Travel Credits for every ₹200 on all other retail purchases excluding specific categories. 

Welcome Bonus 

• Joining Bonus: New cardholders receive 5,000 Travel Credits worth ₹5,000 upon spending ₹1,00,000 within 60 days of card issuance. 

Milestone Benefits 

The SBI Card MILES Elite offers structured milestone rewards based on annual spending: 

• Annual Spend of ₹12 Lakh: Receive 20,000 bonus Travel Credits, enhancing the overall reward rate significantly. 

• Annual Spend of ₹15 Lakh: Qualify for annual fee reversal, effectively making the card fee-free for high spenders. 

• Spend-Based Lounge Access: For every ₹1 lakh spent, cardholders receive 1 additional domestic airport lounge visit voucher. 

Airport Lounge Access 

• Domestic Lounge Access: Cardholders receive 8 complimentary domestic airport lounge visits per year, with a maximum of 2 visits per quarter. Access is provided through MasterCard and RuPay lounge programmes at select airports. 

• International Lounge Access: The card includes complimentary Priority Pass membership worth $99, providing: 

• 6 complimentary international airport lounge visits per year outside India 

• Maximum of 2 visits per quarter 

• Access to over 1,000 international airport lounges worldwide 

• Priority Pass Validity: The Priority Pass membership is complimentary for the first two years from card issuance. Beyond the complimentary visits, additional lounge access is charged at $27 plus applicable taxes per visit. 

Travel Benefits 

• Travel Insurance Coverage: Comprehensive travel insurance benefits include: 

• Flight cancellation cover up to ₹3,500 per cancellation (maximum 6 cancellations per year) 

• Lost check-in baggage cover up to ₹72,000 

• Delayed check-in baggage cover up to ₹7,500 

• Loss of travel documents cover up to ₹12,500 

• Baggage damage cover up to ₹5,000 

• Fraud Liability Protection: Lost card liability cover up to ₹1 lakh, valid for 48 hours prior to reporting of loss and 7 days post reporting. 

Fuel Surcharge Waiver 

• 1% Waiver: The card provides a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 at petrol pumps across India. 

• Maximum Benefit: The maximum surcharge waiver is capped at ₹500 per statement cycle per credit card account. 

Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.