What is the annual fee of the Central Bank of India SBI Card ELITE?

Rs 4,999 a year, before GST. It is waived if you spend Rs 10,00,000 in a year.

What is the forex markup on the Central Bank of India SBI Card ELITE?

1.99% of each foreign-currency transaction, before GST.

M16S / State Bank of India (SBI Card) / Central Bank of India SBI Card ELITE

premium · cobrand, rewards

Central Bank of India SBI Card ELITE

State Bank of India (SBI Card) · with Central Bank of IndiaLast checked 11 Oct 2026closed to new applicants fees only

The Central Bank of India SBI Card ELITE costs Rs 4,999 a year, waived if you spend Rs 10,00,000 in a year. The forex markup is 1.99%. Read from the issuer's own documents on 11 Oct 2026.

Annual fee: Rs 4,999+ GST
Fee waived at: Rs 10,00,000annual spend
Base return: —
Forex markup: 1.99%
Interest: 3.75%a month

Fees

Joining fee	Rs 4,999
Annual fee	Rs 4,999
Annual spend that waives the fee	Rs 10,00,000
Fee notes	Renewal fee reversed on Rs 10 lakh annual spend.

Rewards

Reward currency	Reward Points
Points expiry	24 months

Travel and perks

Forex markupunverified	1.99%
Other freebies	Rs 1 crore air accident cover withdrawn 11 Aug 2025 (issuer notice).

Charges and eligibility

Interest per month	3.75%
Late payment fee	On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026)
Cash advance fee	2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one
Fine-print notes	Issuance discontinued from 26 Jul 2025 (issuer notice). Bank-partner version of SBI Card ELITE; reward and lounge counts not read and left null. Forex 1.99% rests on the KFS wording 'ELITE cards'. Birthday bonus points capped at 2,000 a year on certain variants (issuer notice, Feb 2021). Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST.

Questions

What is the annual fee of the Central Bank of India SBI Card ELITE?: Rs 4,999 a year, before GST. It is waived if you spend Rs 10,00,000 in a year.
What is the forex markup on the Central Bank of India SBI Card ELITE?: 1.99% of each foreign-currency transaction, before GST.