SBI Card has launched three variants of its first travel-focused core credit card, 'SBI Card MILES', in Mumbai today. According to Mr. Dinesh Kumar Khara, Chairman, State Bank of India, "The strong economic growth and robust consumption landscape has accentuated India's position in the world. Even in travel sector, India is considered amongst the key source markets for outbound travel in many countries including those in Asia and Europe.

It is evident that Indian consumers are increasingly becoming open to more and varied travel experiences. The three variants, SBI Card MILES ELITE, SBI Card MILES PRIME, and SBI Card MILES, have been designed to elevate these experiences through curated travel benefits. Every time a cardholder achieves the cumulative spends of INR 1 million, cardholders will receive 1 gift voucher for lounge access that can be used by either the cardholder or the guest.

Importantly, SBI Card MILESELITE cardholders will also enjoy a low foreign transaction mark up of 1.99% and travel insurance cover. The card will be available on Mastercard and RuPay network. The joining and annual fees of SBI Card MILES ELite is INR 4,999 plus applicable taxes while SBI Card MILES PRime and SBI Card MILES have a fee of INR 2,999 and INR 1,499 plus applicable taxes respectively.

Key highlights of SBI Card MILES Cards: Key Benefits, SBI Card MILES ElITE, SBI Card MILes PRIME, SBI Card MILES, Rewards Benefits, Travel Credits redemption, Seamless Travel Credits conversion to Air Miles and Hotel Points across 15+ airlines and hotel partners, Alternatively, book flight & hotel tickets on exclusive travel aggregator., Accelerated Travel Credits, 6 Travel Credits per INR 200 on every travel spend, 4 Travel Credits per INR 200 on every travel spend, 2 Travel Credits per INR 200On every travel spend, 2 Travel Credit per INR 200 on every spend, 2 Travel Credit per INR 200 on every travel spend. 2 Travel Credit per INR 200 on other spends, Welcome Benefit, Bonus Travel Credits, 5,000 Travel Credits upon reaching spends of INR 1 million in 60 days of enrollment., 3,000 Travel Credits upon reaching spends of INR 30,000 in 60 days of enrollment., Milestone Benefits, Annual Spends Milestone Benefit, 20,000 Travel Credits on reaching spend milestone of INR 12 million, 10,000 Travel Credits on reaching spends milestone of INR 8 million, 5,000 Travel Credits on reaching spent milestone of INR 5 million, Spends-based Fee Reversal, Annual fee reversal upon reaching the spends milestone of INR 15 million, annual fee reversal upon reaching the spend milestone of INR 10 million, Annual fee reversal upon reached the spends milestone of INR 10 million.