What are the annual fees for IDFC FIRST Wealth Credit Card and SBI ELITE Credit Card?

IDFC FIRST Wealth Credit Card has no annual fee. SBI ELITE Credit Card has ₹4,999 + GST. Fees are shown before 18% GST, which is added on the bill.

What base reward rate does each card earn?

IDFC FIRST Wealth Credit Card earns about 0.375% on general spends; SBI ELITE Credit Card earns about 0.5%. Category and partner rates may differ — see the table above.

What is the forex markup on each card?

IDFC FIRST Wealth Credit Card: 1.5%. SBI ELITE Credit Card: 1.99% (plus 18% GST on the markup).

Do both cards include airport lounge access?

IDFC FIRST Wealth Credit Card: yes — see the lounge row above for limits. SBI ELITE Credit Card: yes — see the lounge row above for limits.

Card Comparison

IDFC FIRST Wealth vs SBI ELITE

The key difference: Free vs ₹4,999 annual fee. IDFC FIRST Wealth vs SBI ELITEcompared side by side on fees, reward rates, caps, exclusions, and eligibility — weigh each against how you actually spend.

IDFC FIRST Wealth

IDFC FIRST Bank

FeeFree

Eff. rate0.38%

CapNone

Fee

Free

Eff. rate

0.38%

Cap

None

SBI ELITE

SBI Card

Fee₹4,999+GST

Eff. rate0.5%

Cap₹10,000

Fee

₹4,999+GST

Eff. rate

0.5%

Cap

₹10,000

Quick take

How they compare

IDFC FIRST Wealth and SBI ELITEsuit different spending patterns, so the right pick depends on where and how much you spend — the headline difference is called out at the top. Use the table below to weigh fees, reward rates, caps, and exclusions against your own usage.

At a glance

IDFC FIRST Wealth

Annual fee: Free
Everyday rate: 0.4%
Monthly cap: No cap

Notable strengths

No monthly reward cap
Low forex markup (1.5%)

SBI ELITE

Annual fee: ₹4,999 + GST
Everyday rate: 0.5%
Monthly cap: ₹10,000/mo

Notable strengths

Low forex markup (2.0%)

Each card's own strengths — not a ranking. Weigh them against where you actually spend.

45 specs · 12 sections

IDFC FIRST Wealth

SBI ELITE

Feature

IDFC FIRST Wealth

SBI ELITE

Annual Fee

Free

₹4,999

Joining Fee

Free

₹4,999

Fee Waiver Spend

N/A

₹10,00,000

Forex Markup

1.5%

1.99%

Reward Type

Reward Points

Base Rate

0.38%

0.5%

Online Rate

—

0.5%

Offline Rate

—

0.5%

Effective Base Rate

0.38%

0.5%

Point Value

₹0.25

Redemption Quality

MEDIUM

Best Redemption

₹0.25

Worst Redemption

₹0.2

₹0.15

Grocery / Supermarkets

0.38%

2.5%

Fuel / Petrol / Diesel / CNG

0.38%

0% (Excluded)

Restaurants / Dine-in

0.38%

2.5%

Flights, Hotels, OTAs, Tour Operators

0.38%

0.5%

Other Retail / Catch-all

0.38%

0.5%

Monthly Cap

No cap

₹10,000

Est. Annual Cap

No cap

₹1,20,000

Total Excluded

0 categories

4 categories

Fuel / Petrol / Diesel / CNG

Earns rewards

Excluded

Rent Payments

Earns rewards

Excluded

Wallet / Prepaid Instrument Loading

Earns rewards

Excluded

EMI Transactions

Earns rewards

Excluded

Domestic Visits/Year

-1

International Visits/Year

-1

Priority Pass

Yes

Est. Annual Value

₹10,230

₹8,470

Forex Markup

1.5%

1.99%

Description

₹500 Voucher from Uber, Amazon, and Bigbasket on Spending ₹5,000 Within 30 Days of Card Issuance. 5% Cashback Upto ₹1,000 on the First EMI Transaction

E-gift vouchers worth â‚¹5,000 from Yatra, Aditya Birla Fashion, Hush Puppies/Bata, Pantaloons, or Shoppers Stop

Estimated Value

₹1,200

₹5,000

Fuel Surcharge Waiver

Yes

Best Suited For

Movies, Travel, Shopping

Movies, Travel, Dining, Grocery

Min Income

₹3,00,000/month

₹60,000/month

Income Proof

Required

Not required

Secured FD

Accepting Applications

Yes

Network

Visa

Visa, Mastercard

Card Tier

Infinite

Premium

Still weighing your options?

Other popular matchups to line up against your shortlist.

Frequently asked questions

What are the annual fees for IDFC FIRST Wealth Credit Card and SBI ELITE Credit Card?: IDFC FIRST Wealth Credit Card has no annual fee. SBI ELITE Credit Card has ₹4,999 + GST. Fees are shown before 18% GST, which is added on the bill.
What base reward rate does each card earn?: IDFC FIRST Wealth Credit Card earns about 0.375% on general spends; SBI ELITE Credit Card earns about 0.5%. Category and partner rates may differ — see the table above.
What is the forex markup on each card?: IDFC FIRST Wealth Credit Card: 1.5%. SBI ELITE Credit Card: 1.99% (plus 18% GST on the markup).
Do both cards include airport lounge access?: IDFC FIRST Wealth Credit Card: yes — see the lounge row above for limits. SBI ELITE Credit Card: yes — see the lounge row above for limits.

Reviewed by WhichWise Editorial Team. Each card's data is verified against the issuer's official terms.

Sources: IDFC FIRST Bank - IDFC FIRST Wealth · SBI Card - SBI ELITE