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Nature’s Basket SBI Card ELITE

by Kshitiz V Sharma on

The Bottom Line

Nature's Basket SBI Card ELITE
High Fee, Low Rewards

20 reward points / ₹100 on Nature’s Basket, 10 points on dining, movies, entertainment & international spends and 2 points on all other retail spends except fuel.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield (-7.6%)^ (-3.3%)^ (-1.1%)^ 1.0% 1.4%
Est. Monthly Reward (₹) (385) (330) (225) 475 1,390
All-India Rewards Rank* 352 354 351 141 62
Within Bank Rank* 74 74 71 44 24
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The Nature’s Basket SBI Card ELITE gives 5% effective reward at Nature’s Basket, 2.50% on dining, entertainment & foreign spends and 0.50% on all other spending.

Overall, including milestone rewards, we estimate you can earn a net reward yield of 1-1.4% on monthly spending above ₹50,000 with this card.

The CASHBACK SBI Card is the best credit card for most SBI Card customers. We estimate it offers an average net reward yield of 1.9-2.3% on all your spending.

The SBI Unnati Credit Card is the best entry level card, if you spend less than ₹10,000. It offers a net reward yield of 0.3-1.1% with this card on all your spending.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card Nature’s Basket SBI Card ELITE
Card Type Reward
Reward Features 20 Reward Points / ₹100 spend on Nature’s Basket

10 Reward points/ ₹100 on:
– Dining
– Movies
– Entertainment
– Foreign Spends

2 Reward points/ ₹100 on all other spends

Milestone Rewards 15,000 Bonus points on annual spends of ₹2 – 3 Lacs
Other Rewards – Free Movie Tickets worth ₹6,000 every year

– Taj Gift Vouchers worth ₹10,000 on annual spends of ₹6 Lacs

– 2 Complimentary Domestic Airport Lounge Visits / Qtr

– 6 Complimentary International Airport Lounge Visits / Year

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem at Shop n Smile Catalogue
1RP= ₹0.25

Fees & Charges

Card Nature’s Basket SBI Card ELITE
Joining Fee ₹4,999 + Taxes
Annual Fee ₹4,999 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹10 Lacs
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% with a minimum of ₹500

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