Suggestion for SBI ELITE CREDIT CARD
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Hello dimers , hope you are doing great. I have sbi simplysave credit card with a limit of 2.7L (earlier was 1.7L) 2 days ago they offered 1L increase which i claimed. Today I received option of credit card upgradation to SBI ELITE . so , i need some suggestions whether its worth upgrading from simplysave and what ara the real benefits of SBI ELITE CARD . Your time is much appropriated
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SBI SimplySave is a Shopping categorized card , While SBI ELITE CREDIT CARD is a Lifestyle card
SBI ELITE - True mid level all rounder earlier but now there are still better cards comparatively especially considering the Annual fees
Consider if FYF (Downgrade later) or LTF
Note - Elite has 4999+GST, only take if you feel it's worth it; you should get ₹5000 worth voucher essentially , so it's just GST. Else stick with the current one
It is near to worth 5k with some perks if you have like spends of 8-10L per year and don't want to grind things like voucher, smartbuy and not have multiple credit cards
Here's a comparison for better understanding
| Feature | SBI SimplySave Card | SBI Elite Card |
|---|---|---|
| Reward Points on Dining, Movies, Groceries | 10 Reward Points per ₹150 | 5X Reward Points (5 times more) on dining, groceries, departmental stores |
| Reward Points on Other Spending | 1 Reward Point per ₹150 | 2 Reward Points per ₹100 |
| Bonus Reward Points | 2,000 bonus points for ₹2,000 spent in first 60 days | Up to 50,000 bonus points based on annual spend |
| Fuel Surcharge Waiver | 1% waiver (up to ₹100/month) | 1% waiver (up to ₹250/month) |
| Annual Fee | ₹499 + GST, waived with ₹1 lakh annual spend | ₹4,999 + GST, waived with ₹10 lakh annual spend |
| Movie Benefits | Not available | Free movie tickets worth ₹6,000/year (₹250/ticket for 2 tickets/month) |
| Lounge Access | Not available | 6 complimentary international lounge visits/year and 2 domestic lounge visits/quarter |
| Welcome Benefits | Not available | ₹5,000 e-gift voucher (redeemable at various brands) |
| Foreign Currency Mark-up Fee | N/A | 1.99% on international transactions |
| Concierge Service | Not available | Exclusive concierge services for tasks like flower delivery, gift delivery |
PS Trident Privilege Red Tier Membership discontinued from June 2024 and Club Vistara Membership no longer available from October 2024
*SBI is right now preferred card in amazon sale & both cards work
It is not recommended to go for upgrade for the aforementioned reasons but Now it all comes to your spending & core card spending
If your spending aligns more with the basic features of the SimplySave card and you don’t require the luxury perks, the SimplySave card may still serve you well
However, if you're looking for more extensive rewards and premium perks, upgrading to SBI Elite could be the better choice despite the higher cost provided you achieve the spending criteria
#ddcomment
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Not worth the annual fee paid
10RP we can get it easily for 1500 annual fee card Eg: SBI Pulse
5k is NOT WORTH IT
this Elite card is worthless in comparison
so stay with what you have now:) in my opinion
😄