Question 1

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

Accepted Answer

The SBI Card Miles 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 ₹15L in the previous year, which is about ₹1,25,000 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 SBI Card Miles Elite?

Accepted Answer

You earn 6 points per ₹200 on travel. Everything else earns 2 points per ₹200. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 300 points, roughly ₹75, which is about 0.75% back. Fuel, EMI, Wallet Upload, Property Rental earn nothing at all.

Question 3

Does the SBI Card Miles Elite give free airport lounge access?

Accepted Answer

The SBI Card Miles 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 SBI Card Miles Elite recently and is it still worth it in 2026?

Accepted Answer

₹1cr air accident insurance discontinued (Jul 15, 2025, Miles Elite named); SBI 1% fees (Nov 2025); Jan 2026 lounge tightening. The changes are dated Jul 15, 2025; Jan 2026. At ₹15L of yearly spend the card returns roughly ₹15,000 at its general rate of about 1%, against a ₹4,999 renewal fee. Keep it if you clear the ₹15L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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