Question 1

What is the annual fee on the Bank of Maharashtra SBI Card ELITE and how do you get it waived?

Accepted Answer

The Bank of Maharashtra SBI Card ELITE charges ₹4,999 plus GST as a joining fee and the same ₹4,999 again at renewal. SBI Card waives the renewal fee if you spend ₹10L in the previous year, which is about ₹83,333 a month. If your card spend sits below that, treat ₹4,999 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the Bank of Maharashtra SBI Card ELITE?

Accepted Answer

You earn 10 points per ₹100 on Dining, Departmental stores and Grocery Spends. Everything else earns 2 points per ₹100. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 1000 points, roughly ₹250, which is about 2.5% back. fuel earn nothing at all.

Question 3

Does the Bank of Maharashtra SBI Card ELITE give free airport lounge access?

Accepted Answer

The Bank of Maharashtra SBI Card ELITE gives 8 complimentary domestic lounge visits a year, usually capped at 2 per quarter. International lounge visits are capped at 6 a year. There is no prior spend requirement on paper, though SBI Card has been moving cards to spend linked access, so confirm before you rely on it at the airport.

Question 4

What changed on the Bank of Maharashtra SBI Card ELITE recently and is it still worth it in 2026?

Accepted Answer

Elite lost ₹1cr air accident insurance; lounge tightening. The changes are dated Jul 15, 2025; Jan 10, 2026. At ₹10L of yearly spend the card returns roughly ₹5,000 at its general rate of about 0.5%, against a ₹4,999 renewal fee. That clears the fee, but not by much, so it is worth keeping only while your spending stays in the accelerated category.

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Bank of Maharashtra SBI Card ELITE

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