Central Bank of India Elite SBI Card

Central Bank of India SBI ELITE Credit Card, SBI Card’s premium offering at Rs. 4,999 annual fee, ranks second post SBI AURUM launch. Packed with elite privileges, from lounge access to shopping vouchers, it boasts a reward rate of 0.5% on general purchases and 2.5% on select categories. Available in Visa, MasterCard, and American Express variants.

Key Highlights of Central Bank of India Elite SBI Card

Unlock unparalleled benefits with the Central Bank of India Elite SBI Card.

  1. Rs. 5,000 Welcome Gift Voucher.
  2. Earn 2 RPs per Rs. 100 (except fuel).
  3. 2 domestic lounge visits/quarter.
  4. Up to 50,000 Bonus RPs yearly.
  5. Free movie tickets (up to Rs. 6,000/yr).
  6. 6 international lounge visits/year.
  7. 5X RPs on dining, groceries, and departmental stores.
  8. Complimentary Club Vistara and Trident Privilege Membership.
  9. Lost card cover up to Rs. 1 lakh.
  10. Lower forex mark-up fee (1.99%).

Features and Benefits of Central Bank of India Elite SBI Card

The Central Bank of India Elite SBI Card offers several features and benefits:

1. Contactless Advantages:

  • Secure and fast payments with a contactless reader.
  • Reduced risks of fraud and card loss.

2. Fuel Surcharge Waiver:

  • 1% waiver for transactions between Rs.500 and Rs.4,000.
  • Up to Rs.250 surcharge waiver per payment cycle.

3. Emergency Card Replacement:

  • Worldwide card replacement.
  • 24×7 helpline for replacements during international travel.

4. Cash Access: Withdraw cash at 1 million Visa ATMs globally.

5. Easy Bill Pay Facility: Convenient bill payments for mobile, telephone, and electricity.

6. Balance Transfer: Save on interest with low rates for credit card bill payments.

7. Global Acceptance: Accepted at 3 lakh outlets in India and 24 million worldwide.

8. Fraud Liability Cover:

  • Free Rs.50 lakh Air Accident Liability cover.
  • Free Rs.1 lakh Fraud Liability Cover.

9. Add-On Card: Avail add-on cards for two family members.

10. Secure and Safe: Chip-enabled card for enhanced security.

11. Flexipay: Convert transactions of Rs.2,500 and above into EMIs.

12. Easy Money: Obtain cheques or drafts against the available cash limit.

Central Bank of India SBI Elite Card Benefits:

1. Welcome Gift: Rs.5,000 e-gift voucher from Yatra.com, Shoppers Stop, Pantaloons, Aditya Birla Fashion, or Bata/Hush Puppies.

2. Movie Tickets: Complimentary movie tickets worth Rs.6,000 annually.

3. Milestone Rewards:

  • Earn up to 50,000 Reward Points annually.
  • 10,000 Reward Points for spending between Rs.3 lakh and Rs.4 lakh.

4. ELITE Rewards:

  • 5X Reward Points for Grocery, Departmental store, and Dining.
  • 2 Reward Points per Rs.100 for other spends (excluding fuel).

5. International Lounge Access: 6 complimentary visits to global airport lounges annually.

6. Domestic Lounge Access: 2 complimentary visits to domestic airport lounges per quarter.

7. Club Vistara Membership: Complimentary Club Vistara Silver membership.

Central Bank of India Elite SBI Card Fees and Charges

Explore the fee structure for the Central Bank of India Elite SBI Credit Card and discover the financial advantages that come with it.

  1. Annual Fee: Rs. 4,999 for SBI Card Elite, waived on spending Rs. 10 lakhs or more in the previous year.
  2. Interest Rate: 3.5% monthly, equivalent to 42% annually.
  3. Foreign Currency Markup Fee: Low at 1.99% of the transaction amount for international purchases.
  4. Cash Withdrawal Charges: 2.5% of the withdrawal amount or Rs. 500 minimum, applicable when using Elite SBI Credit Card for cash withdrawals.

Eligibility Criteria for Central Bank of India Elite SBI Card

Here are essential criteria for applying for an Central Bank of India Elite SBI Credit Card:

  1. Card available for businessmen and salaried employees.
  2. Indian residency is a prerequisite.
  3. Good credit score is mandatory.
  4. Salaried applicants: Age between 21 and 60.
  5. Self-employed applicants: Age between 21 and 65.

Documents Required for Central Bank of India Elite SBI Card

To apply for the Central Bank Elite SBI Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Voters’ ID
  • Aadhar Card
  • PAN Card
  • Driving Licence, etc.

2. Address Proof:

  • Utility bills
  • Aadhar Card
  • Driving Licence
  • Passport, etc.

3. Income Proof:

  • Latest 3 months’ bank statements
  • Latest 3 months’ salary slips
  • Latest audited ITR

How To Apply for Central Bank of India Elite SBI Card?

Follow these steps to apply for the Central Bank of India Elite SBI Credit Card online or offline:

Online Application:

  1. Visit Central Bank of India’s official website.
  2. Navigate to the Credit Cards section.
  3. Choose the Elite SBI Card and click “Apply Online.”
  4. Fill in personal details and upload necessary documents.
  5. Submit the online application.

Offline Application:

  1. Visit the nearest Central Bank of India branch.
  2. Request an Elite SBI Card application form.
  3. Complete the form with required information.
  4. Attach the necessary documents (ID, address proof, etc.).
  5. Submit the filled form and documents to the bank representative.
  6. Wait for the application to be processed and approved.

Frequently Asked Questions (FAQs) –

  1. How can I apply for the Central Bank of India Elite SBI Card?
    Apply online through the official website or visit the nearest SBI branch for offline applications.
  2. What documents are needed for Central Bank Elite SBI Credit Card application?
    Required documents include proof of identity, address, and income. Details may vary, so check specific requirements during the application process.
  3. What benefits come with the Central Bank of India Elite SBI Card?
    Enjoy exclusive rewards, cashback, and financial perks. Refer to the card details for specific advantages.
  4. Can I track the status of my Central Bank of India Elite SBI Credit Card application online?
    Yes, use the online application tracking feature on the SBI website for real-time updates on your card application.
  5. Are there any annual fees associated with the Central Bank of India Elite SBI Card?
    Review the card’s terms and conditions; fees may apply, and some variants might offer waivers based on usage or spending thresholds.
  6. How do I redeem rewards earned with the Central Bank of India Elite SBI Card?
    Utilize the SBI rewards redemption platform, usually accessible through online banking, to redeem points for various options like vouchers, merchandise, or cashback.
  7. Can I apply for the Central Bank Elite SBI Card if I am not an SBI account holder?
    Check the eligibility criteria; some variants may require SBI account ownership, while others might be open to non-account holders.
  8. What do I do if my Central Bank Elite SBI Card is lost or stolen?
    Immediately contact SBI’s customer service to report the loss. They will guide you through the necessary steps to secure your card.
  9. Is there a specific credit score required to qualify for the Central Bank of India Elite SBI Card?
    While a good credit score enhances approval chances, specific score requirements can vary. Check with SBI for the most accurate information.
  10. Can I link the Central Bank Elite SBI Card to digital payment platforms like UPI or mobile wallets?
    Refer to the card features; many cards offer compatibility with digital payment platforms, providing additional convenience in transactions.