SBI Elite Credit Card vs Yes FIRST Preferred Credit card

• On achieving annual spends of Rs. 5 lakhs and 8 lakhs, earn 15,000 bonus Reward Points
• Spend Based Reversal of Annual Fee on spends of Rs. 10 Lakhs
• Complimentary membership to the Priority Pass Program worth $99
• Six complimentary Airport Lounge visits per calendar year, outside India ( max. 2 visits per quarter)
• Enjoy obtaining Club Vistara Silver membership as complimentary

• Obtain Priority Pass Membership that provides lounge complimentary access
• Avail 25% discount on movie bookings at BookMyShow
• Earn 20,000 Bonus Reward Points on achieving spends of Rs. 7.5 Lakhs or more in each anniversary year
• Four Reward Points per Rs. 100 spent on all other categories
• Avail great offers across travel, dining, shopping, wellness and more, in select cities

Pros

• Get 5X Reward Points on Dining, Departmental stores and Grocery Spends
• Earn nearly 50,000 Bonus Reward Points worth Rs. 12,500 per year
• On achieving annual spends of Rs. 3 lakhs and 4 lakhs, earn 10,000 bonus Reward Points

Cons

• High joining/renewal fees
• Although the Credit Card offers savings on rental cars on Hertz & Avis, which is good, but in India, there’s no much scope for it

Pros

• Get Life Insurance Cover of INR 1 Cr for death due to Flight Accidents
• Earn 2X rewards on Travel Agencies & Tour Operators, Domestic Airlines and Dining
• Low forex markup of 1.75%
• Golf Privileges

Cons

• Low default reward rate