Travel Rewards with the SBI Card Miles Elite Credit Card
02 Jan 2025 5 mins Credit Cards
If you’re a frequent traveler looking for a credit card that complements your lifestyle, the SBI Card Miles Elite Credit Card is your ultimate companion. This premium credit card offers exclusive travel benefits, milestone rewards, and unmatched privileges, making it a top choice for avid travelers. In this blog, we’ll explore the features, benefits, and eligibility criteria of the SBI Card Miles Elite Credit Card to help you decide if it’s the right fit for your travel needs.
Introduction
Traveling can be expensive, but the SBI Card Miles Elite Credit Card ensures you get the most out of your journeys. With its wide range of travel perks, this card stands out as one of the most rewarding travel credit cards available. Let’s dive into its standout features.
Key Features of SBI Card Miles Elite Credit Card
Welcome Gift
New cardholders receive 5,000 Travel Credits as a welcome gift. To qualify, you must spend ₹1,00,000 within 60 days of card issuance.
Reward Points System
Earn 6 Travel Credits for every ₹200 spent on travel-related transactions and 2 Travel Credits for every ₹200 spent on other categories. These credits can be redeemed for air miles, hotel points, or catalog products.
SBI Card Miles Elite Benefits
The SBI Card Miles Elite Credit Card offers several benefits designed for travelers:
Travel Credits
Travel credits can be converted into air miles, hotel points, or used for bookings.
Conversion rates:
1 Travel Credit = ₹1 for air miles or hotel points
1 Travel Credit = ₹0.50 for travel bookings
Lounge Access
Domestic Lounge Access: Eight complimentary visits annually (two per quarter).
International Lounge Access: Six visits annually through Priority Pass Membership.
Insurance Coverage
Air accident cover up to ₹1 Crore.
Flight cancellation cover up to ₹3,500 for six cancellations annually.
Lost card liability up to ₹1 Lakh.
Milestone Benefits
Bonus Travel Credits
Spend ₹12 Lakh annually to earn 20,000 Bonus Travel Credits.
Annual Fee Waiver
If your annual spending reaches ₹15 Lakh, the annual fee of ₹4,999 is waived for the following year.
International and Domestic Travel Privileges
Priority Pass Membership
The Miles Elite Credit Card provides a complimentary Priority Pass Membership, granting access to over 1,000 international airport lounges.
Domestic Lounge Visits
Enjoy eight complimentary visits to domestic lounges annually, with the opportunity to earn additional visits based on your spending.
Low Foreign Currency Mark-Up
When using the SBI Card Miles Elite Credit Card for international transactions, you benefit from a low 1.99% foreign currency mark-up, saving significantly on global purchases.
Fuel Surcharge Waiver
Save 1% on fuel surcharges for transactions between ₹500 and ₹4,000. The maximum waiver per statement cycle is ₹500.
Contactless Payment and Security Features
With the tap-to-pay feature, you can complete transactions quickly and securely. The card never leaves your hand, minimizing the risk of fraud or loss.
Flexipay and Easy Bill Pay Options
The Flexipay feature allows you to convert transactions above ₹2,500 into easy EMIs, while the Easy Bill Pay option simplifies your utility payments directly through the SBI portal.
SBI Card Miles Elite Eligibility
Criteria | Details |
Age |
|
Income | Minimum annual income as per bank requirements |
Credit Score | A good credit score is essential for approval |
To apply for the Miles Elite Credit Card, you must meet the following criteria:
Age: 21 to 60 years (for salaried individuals); up to 65 years (for self-employed).
Income: Minimum annual income as per bank requirements.
Credit Score: A good credit score is essential for approval.
How to Apply for SBI Card Miles Elite Credit Card
Applying for the Miles Elite Credit Card is simple:
Visit the official SBI Card website.
Navigate to the SBI Card Miles Elite Credit Card page.
Click on "Apply Now" and fill out the application form.
Submit the required documents, including identity proof, address proof, and income proof.
Once your application is reviewed and approved, your card will be issued.
Conclusion
The SBI Card Miles Elite Credit Card is an excellent choice for travelers who want to earn rewards and enjoy exclusive privileges. From lounge access to milestone benefits and insurance coverage, this card offers everything a frequent traveler needs. If you meet the eligibility criteria, this card could be your gateway to premium travel experiences.
FAQs
What are the key benefits of the SBI Card Miles Elite Credit Card?
The card offers travel credits, lounge access, insurance coverage, and milestone rewards.
How can I qualify for the welcome gift?
Spend ₹1,00,000 within 60 days of card issuance to receive 5,000 Travel Credits.
What is the eligibility for the SBI Card Miles Elite Credit Card?
Applicants must be between 21-60 years old, with a good credit score and minimum income as per bank requirements.
Does the card offer an annual fee waiver?
Yes, the annual fee is waived if you spend ₹15 Lakh in a membership year.
What is the foreign currency mark-up fee?
The SBI Card Miles Elite Credit Card charges a low 1.99% mark-up on international transactions.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.