MILES ELITE

Joining ₹4,999 · Annual ₹4,999 · Reversed on ₹15 lakh of annual spends

Fee break-even: ≈₹9,99,800/yr through this card at its base rate. Below that, the fee eats the rewards.

Earns Travel Credits · assumed 0.5 ₹/point. ₹0.50 per Travel Credit on travel bookings, SBI's own ratio. Transfers to air miles and hotel points run at ₹1 per credit

Verified 13 Aug 2026

Forex markup1.99%

Domestic lounge8 a year. 2 per quarter at domestic lounges

EMINil on 3 months, then ₹45 at 6, ₹69 at 9, ₹89 at 12, ₹129 at 18 and ₹169 at 24 months, and only on purchases of ₹20,000 or more processing fee · A converted purchase stops earning rewards · Nothing at all to pay on a 3 month plan, and the fee only bites once the purchase reaches ₹20,000. Minimum ₹2,500 to convert. · Flexipay and merchant EMI earn nothing

International loungePriority Pass membership worth $99, visits billed to the card

Milestones

◆ Spend ₹12,00,000 per year → 20,000 bonus Travel Credits at ₹12 lakh of annual spends Worth ₹10,000

Return by category

Category	Return	Notes
Online spend	0.5%	Base rate
Amazon	0.5%	Base rate
Flipkart	0.5%	Base rate
Subscriptions & OTT	0.5%	Base rate
Offline spend	0.5%	Base rate
UPI spending	0.5%	The RuPay variant links to UPI at the base rate
Dining	0.5%	Base rate
Swiggy	0.5%	Base rate
Zomato	0.5%	Base rate
Groceries	0.5%	Base rate
Quick commerce	0.5%	Base rate
Swiggy Instamart	0.5%	Base rate
Blinkit	0.5%	Base rate
BigBasket	0.5%	Base rate
Movies & shows	0.5%	Base rate
BookMyShow	0.5%	Base rate
PVR INOX	0.5%	Base rate
Fuel	0%	No credits, MCCs excluded by SBI's own terms
Travel (general)	1.5%	6 Travel Credits per ₹200 on travel. Earning across the card caps at 15,000 credits a calendar month, and past the cap nothing accrues at all
Flights	1.5%	Uses its travel rate
Hotels	1.5%	Uses its travel rate
MakeMyTrip	1.5%	Uses its travel rate
IRCTC rail	1.5%	Uses its travel rate
International	−1.49%	0.5% reward − 1.99% forex markup
Utilities & bills	0%	Utility MCCs earn nothing
Rent	0%	Rent and property management earn nothing
Education fees	0%	Education MCCs earn nothing
Insurance premiums	0%	Insurance MCCs earn nothing
Government & tax	0.5%	Base rate
Wallet loads	0%	Wallet loads earn nothing
Anything else	0.5%	Base rate
Jewellery	0.5%	Not excluded, earns the base rate

Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.

Also worth knowing

Welcome: 5,000 Travel Credits on ₹1 lakh of spends within 60 days
1 extra domestic lounge visit for every ₹1 lakh spent

Other exclusions

Flexipay and merchant EMI earn nothing

SBI Card MILES ELITEBest for Serious mile transfers3.6 / 5

What we liked

1.5% on travel and par mile transfers, with a 20,000 credit milestone
1.99% forex markup and 8 domestic lounge visits a year
5,000 credit welcome on ₹1 lakh of early spends

What to mind

Earning stops entirely at 15,000 credits in a month, by SBI's own terms
The ₹15 lakh reversal bar is the highest in the SBI range
Worth half as much if you never transfer the credits

Sources

Every figure above comes from the issuer's own pages and documents. Last verified 13 Aug 2026.

Spotted an outdated rate?