SBI

Miles Elite Credit Card

Good fit for frequent travelers who value lounge access and low forex — ₹4,999 annual fee.

Top reasons to choose this card

8 domestic lounge visits, spend-gated
₹15L fee waiver
Low 1.99% forex markup

What you'd do with it

Useful for travelers who need around 8 domestic lounge visits a year.

Good for travel 2% forex · 8 per year lounge
Moderate forex 2% forex markup
Strong lounge access 8 per year domestic lounge
Moderate rewards 2 pts / ₹100 on General spend

Suggested comparison Similar lounge profile Compare with AU Small Finance Bank Zenith+ →

Choose another card to compare →

Annual fee ₹4,999 per year

Forex markup 1.99% moderate

Lounge access 8 domestic + 6 international visits / year

Rewards / ₹100 2 pts base

The catch Verify guest/add-on access and current airport lounge list before relying on lounge access.

Welcome benefit timing may vary
Fee waiver available
Annual fee known
Forex markup known
8 domestic + 6 international lounge visits/year

At a glance

Snapshot · usage · fit

Fast facts

Annual fee: ₹4,999 higher than 86 of 112 cards
Joining fee: ₹4,999
Forex markup: 1.99% lower than 83 of 111 cards
Lounge access: 8/year domestic lounge · 6 per year international
Reward rate: 2 pts / ₹100

Good fit for

Good for travel
Strong lounge access

Still worth it?

Evidence-backed snapshot

Good fit if

Fee waiver applies at ₹15,00,000 annual spend.
Forex markup is low at 1.99%.
8 domestic + 6 international lounge visits/year

Verify before applying

Annual fee known
Fee waiver available
Forex markup known
8 domestic + 6 international lounge visits/year
Verify current lounge list
Airport lounge list may change
₹5,000 welcome benefit listed
Welcome benefit timing may vary

Welcome benefit timing and claim process.
Lounge terms to verify: 8 domestic + 6 international lounge visits/year. Verify spend criteria, guest rules, and airport list before relying on it.
Annual fee waiver terms and eligible spend exclusions.
Issuer fees, GST, finance charges, and late-payment terms.
Reward exclusions, caps, redemption value, and voucher timelines.

Next best move

Open the ranking that matches your constraint, or compare this card with the closest alternative.

Compare with AU Small Finance Bank Zenith+ Similar lounge profile Best SBI credit cards See how this card compares within SBI. Low forex credit cards Cards under the low-forex threshold. Forex ranking (verified) Compared on verified forex markup, then annual fee. Lounge access shortlist Discovery list of cards with cardholder lounge access. Lounge ranking (verified) Compared on verified lounge access, then annual fee. Best travel credit cards Cards suited for international spend and lounge-heavy travel.

Is this good for lounge access?

8 domestic + 6 international lounge visits/year. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 1.99%, which can be useful for international spends if the annual fee and usage pattern still make sense.

Is the annual fee easy to recover?

Fee waiver applies at ₹15,00,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

A welcome benefit worth ₹5,000 is listed, but timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Fees confidence: High Forex confidence: High Rewards confidence: High · issuer terms Lounge confidence: High Waiver confidence: High

Card facts refreshed 11 July 2026.

Spending requirements

Spend gates · caps · milestone thresholds

Annual fee waiver₹15,00,000yearAnnual fee waiverbehavior distortingstrong

Watch outs

Before choosing this card

Fee waiver requires ₹15,00,000 annual spend.

Reward reality

Point value · limits · exclusions

Verified value₹1 per pointAir miles

Exclusions/no-earnThese spends do not earn reward points: Wallet loads, Fuel, Cash withdrawals, and Flexipay, and 4 more.

Estimated usage

Example usage at this monthly spend

₹

At this monthly spend, you'd earn: ~1,000 pts/month (base earn · uses base/general earn rate; partner and category bonuses not included)
Fee waiver unlikely at this spend
Forex cost ~₹1,000 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts

Benefits

Lounge Access

Domestic (cardholder): 8/year · verified 7 Jul 2026

3 sources agree · verify issuer terms before applying

Where to verify

Issuer site (verify current terms) (opens in new tab)
Operator-verified anchor
International (cardholder): 6 per year · verified 7 Jul 2026

3 sources agree · verify issuer terms before applying

Where to verify

Issuer site (verify current terms) (opens in new tab)
Operator-verified anchor

Rewards

Points per ₹100: 2 Travel Credits value depends on redemption
Headline point value: ₹1.00 per Travel Credit · verified 7 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Point validity: Points expire 2 years after earning · verified 7 Jul 2026

Redemption value

You earn: Travel Credits
Cashback: ₹0.50 per Travel Credit · verified 7 Jul 2026
Catalogue: ₹0.25 per Travel Credit · verified 7 Jul 2026
Travel: ₹0.50 per Travel Credit · verified 7 Jul 2026
Air miles: ₹1.00 per Travel Credit · verified 7 Jul 2026
Highest documented value: Air miles · ₹1.00 per Travel Credit
Conservative floor: Catalogue · ₹0.25 per Travel Credit

Insurance Cover

Air accident cover: ₹1 crore · verified 7 Jul 2026
Lost card liability cover: ₹1 lakh · verified 7 Jul 2026
Underwriter: Insured by ICICI Lombard General Insurance Company Limited · verified 7 Jul 2026

Fees & charges

Fees

Monthly interest rate: 3.75% / month
Annual fee: ₹4,999
Joining fee: ₹4,999
Fee waiver spend: ₹15,00,000 Above catalog median waiver (₹2,00,000 vs ₹15,00,000).
Interest-free period: Up to 50 days · verified 7 Jul 2026

International Use

Forex markup: 1.99%

3 sources agree · verify issuer terms before applying

Where to verify

Issuer site (verify current terms) (opens in new tab)
Operator-verified anchor
Product tier: Premium