M16S / State Bank of India (SBI Card) / IndiGo SBI Card ELITE
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IndiGo SBI Card ELITE
The IndiGo SBI Card ELITE costs Rs 4,999 a year. It earns 2 BluChips per Rs 100 on all other spends. Accelerated earn: 7 BluChips per Rs 100 on IndiGo app and web; 3 per Rs 100 on hotel/lodging and travel MCCs. The forex markup is 3.5%. Lounge visits in India: 8 per year, max 2 per quarter. Abroad: 6 per year, max 2 per quarter. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 4,999+ GST
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 4,999 |
|---|---|
| Annual fee | Rs 4,999 |
| Fee notes | Annual fee Rs 4,999 + taxes; renewal fee Rs 4,999 from second year (product page). No spend-based waiver on the page or in the MITC. |
Rewards
| Welcome benefit | 5,000 IndiGo BluChips voucher and one 6E Eats voucher after annual-fee payment and first transaction within 60 days of account opening; 4 6E Prime passes on spends of Rs 1,00,000 within 90 days of account opening |
|---|---|
| Reward currency | IndiGo BluChips |
| Base earn | 2 BluChips per Rs 100 on all other spends |
| Point value | No rupee value stated; BluChips are auto-credited to the IndiGo BluChip account each statement cycle and BluChips vouchers redeem on the IndiGo app/website |
| Accelerated earn | 7 BluChips per Rs 100 on IndiGo app and web; 3 per Rs 100 on hotel/lodging and travel MCCs |
| Spends that earn nothing | Other-spend earn excludes utility, government transactions, rental, fuel, gaming, cross-sell and insurance MCCs |
| Milestone benefits | 6,000 BluChips voucher each at Rs 3 lakh, 6 lakh, 9 lakh and 12 lakh spend; renewal benefit of 5,000 BluChips voucher and one 6E Eats voucher after annual-fee payment |
| Reward notes | base_return_pct left null: the page states earn rates but no rupee value for a BluChip. |
Travel and perks
| Domestic lounge | 8 per year, max 2 per quarter |
|---|---|
| International lounge | 6 per year, max 2 per quarter |
| Lounge conditions | Domestic visits need spends of Rs 1,00,000 in the last quarter. |
| Forex markupunverified | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 400 per statement cycle |
| Other freebies | 4 free flight cancellations a year, each up to Rs 3,000; lost baggage cover up to Rs 75,000; lost-card liability cover up to Rs 1 lakh |
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 | Benefit fields now read from the issuer's product page (rendered 2026-10-12). Networks from the page's 'any outlet that accepts MasterCard / RuPay' text. Forex markup is not on the page and stays flagged: the KFS groups this card near the 1.99% forex cards in one place while the MITC forex list omits it; aggregator says 3.5%. Page vs earlier value (page used): reward_exclusions (Card Insider) listed fuel, rent, utilities, wallet loads, gaming, government, cash, balance transfer, Flexipay; page lists utility, government, rental, fuel, gaming, cross-sell and insurance MCCs; welcome: page adds 4 6E Prime passes on Rs 1 lakh spend within 90 days; point_value carried an aggregator estimate of Rs 0.50-1.00 per BluChip; the page gives no value. 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 IndiGo SBI Card ELITE?
- Rs 4,999 a year, before GST.
- Does the IndiGo SBI Card ELITE give airport lounge access?
- Yes. In India: 8 per year, max 2 per quarter. Outside India: 6 per year, max 2 per quarter. Conditions: Domestic visits need spends of Rs 1,00,000 in the last quarter.
- What is the forex markup on the IndiGo SBI Card ELITE?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IndiGo SBI Card ELITE?
- Other-spend earn excludes utility, government transactions, rental, fuel, gaming, cross-sell and insurance MCCs