Head-to-head · 🇮🇳 India
SBI ELITE vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
Premium
SBI Card
SBI ELITE
Wins 3 of 10
IN
Premium
IndusInd Bank
IndusInd Iconia Amex
AMERICAN
EXPRESS
EXPRESS
Wins 4 of 10
Verdict
IndusInd Iconia Amex wins 4-3. Mid-premium Amex with annual-fee waiver from year 2. SBI ELITE is still the right call if mid-premium sbi card with strong club benefits..
Side-by-side
| Criterion | SBI ELITE | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹4,999 | No annual fee |
| Joining fee | · ₹4,999 | ₹3,500 |
| Top reward rate | · 2% (general) | 5% (shopping) |
| Base reward rate | 2% | · 1.5% |
| Forex markup | 1.99% | · 3.5% |
| Welcome bonus | = 5,000 bonus reward points + ₹5,000 e-gift voucher | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹1,000,000 / yr | N/A (no fee) |
| Min income | = ₹600,000 | = ₹600,000 |
| Min credit score | = 770 | = 770 |
| Editorial rating | 4.4/5 | · 4.2/5 |
Benefits compared
SBI ELITE
- 2 reward points per ₹100
- Free movie tickets (BookMyShow) up to ₹6K/year
- 6 international + 8 domestic lounge visits/year
- Club Vistara Silver + Trident Privilege Red
- Milestone benefits at ₹3L, ₹4L, ₹5L
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›SBI ELITE vs IndusInd Iconia Amex: which is better?
IndusInd Iconia Amex wins on more dimensions (4 vs 3). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use SBI ELITE for its best categories, IndusInd Iconia Amex for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
SBI ELITE: 5,000 bonus reward points + ₹5,000 e-gift voucher. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.