Question 1

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

Accepted Answer

The PSB 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 PSB 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 PSB SBI Card ELITE give free airport lounge access?

Accepted Answer

The PSB 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 PSB SBI Card ELITE recently and is it still worth it in 2026?

Accepted Answer

Elite lost ₹1cr air accident insurance (Jul 2025); Jan 2026 lounge tightening. The changes are dated Jul 2025; Jan 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.

Card Details

PSB SBI Card ELITE

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