The SBI Prime Credit Card, a lifestyle offering from SBI Card, comes with an annual fee of Rs. 2,999. This card is often seen as a more affordable counterpart to the SBI ELITE Credit Card, which has a higher membership fee of Rs. 4,999. Despite the lower fee, the Prime card still delivers substantial value with perks like free access to domestic and international airport lounges, discounts on hotel bookings, and movie tickets, among other benefits.
When it comes to rewards, the card provides 2 Reward Points for every Rs. 100 spent generally, and 10 Reward Points for every Rs. 100 spent on dining, groceries, and department store purchases. Each Reward Point is worth Rs. 0.25, translating to an effective reward rate of 2.5% on dining, groceries, and department store purchases, and 0.5% on other expenditures.
The SBI Prime Card is available in three variants: MasterCard, American Express, and VISA. While the core rewards and benefits are consistent across these variants, each payment network offers its own unique perks. For a detailed comparison of these exclusive benefits, continue reading this article about the SBI Prime Credit Card.
SBI Prime Credit Card Overview
| Feature | Details |
|---|---|
| Card Type | Premium Credit Card |
| Reward Rate | Up to 10x reward points on select categories |
| Reward Value | 1 Reward point equals ₹0.25 |
| Annual Fee | ₹2,999 + GST (waived on spending ₹3 lakh annually) |
| Unique Selling Points | Complimentary lounge access, milestone benefits, golf privileges |
| Rating (out of 5) | 4.4 |
Welcome Benefits for SBI Prime Credit Card
| Welcome Benefit | Details |
|---|---|
| Gift Voucher | ₹3,000 from Bata, Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, or Yatra.com |
| Additional Benefits | 5% cashback on first EMI transaction within 90 days |
Joining Fees for SBI Prime Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹2,999 + GST |
| Renewal Fee | ₹2,999 + GST (Waived on spending ₹3 lakh annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | Ranges from ₹100 to ₹1,300 based on the outstanding balance |
Utility Payment Charges for SBI Prime Card
| Payment Type | Charges |
|---|---|
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Membership Benefits of SBI Prime Credit Card
The SBI Card PRIME offers a variety of premium benefits:
- Travel Benefits: 4 complimentary international lounge visits per year and 8 domestic lounge visits per year (2 per quarter).
- Dining and Entertainment: Up to 25% discount at partner restaurants.
- Golf Benefits: 4 complimentary rounds of green fees and 1 complimentary golf lesson per month.
- Insurance Coverage: Air accidental death cover of ₹50 lakh, fraud liability cover of ₹1 lakh.
- Other Benefits: Complimentary memberships to Club Vistara Silver and Trident Privilege Red Tier.
Rewards from SBI Prime Credit Card
| Spend Category | Reward Rate |
|---|---|
| Dining, Movies, Groceries, Departmental Stores | 10 reward points for every ₹100 spent |
| Other Retail Spends | 2 reward points for every ₹100 spent |
| Birthday Spends | 20 reward points for every ₹100 spent |
| Standing Instructions | 20 reward points for every ₹100 spent (up to 3,000 points/year) |
| Reward Points Cap | No cap on reward points |
| Reward Value | 1 Reward point equals ₹0.25 |
| Rewards Expire in | Do not expire |
Milestone Benefits of SBI Prime Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| Quarterly Spending of ₹50,000 | Pizza Hut voucher worth ₹1,000 |
| Annual Spending of ₹5 lakh | Yatra.com or Pantaloons voucher worth ₹7,000 |
Redemption of SBI Prime Credit Card Points
Cardholders can redeem their reward points through various channels:
- Travel: Book flights and hotels via the SBI rewards portal.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Merchandise: Choose from a range of products in the rewards catalog.
- Cashback: Convert points into statement credits.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo, SpiceJet |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access with SBI Prime Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 2 complimentary visits per quarter |
| International Lounges | 4 complimentary visits per year using Priority Pass |
| Add-on Cardholder Benefits | Same benefits as primary cardholder |
Airport Transfers with SBI Prime Credit Card
The SBI Card PRIME offers discounted luxury airport transfer services, providing convenience and comfort for frequent travelers. This service is subject to availability and requires prior booking through the SBI Card concierge.
Forex Markup Fee for SBI Prime Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% on all international transactions |
Eligibility for SBI Prime Credit Card
To apply for the SBI Card PRIME, applicants must meet the following criteria:
- Age: 18 to 65 years old for both salaried and self-employed individuals.
- Income: Minimum monthly income of ₹32,000.
How to Apply for the SBI Prime Credit Card
Applying for the SBI Card PRIME is straightforward:
- Online Application:
- Visit the SBI Card website.
- Click on the “Apply Now” button and fill out the required personal and financial information.
- Submit the necessary documents online as per the instructions.
- Offline Application:
- Visit the nearest SBI branch.
- Request an application form for the SBI Card PRIME.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review: SBI Prime Credit Card
The SBI Prime Credit Card is an excellent choice for individuals seeking premium benefits across various categories. With extensive travel benefits, high reward rates, and a multitude of lifestyle perks, it offers substantial value for those who demand the best in credit card benefits.
Rating: 4.4
- Overall Rating: 4.4
- Benefits: 4.4
- Fees: 4.0
- Customer Service: 4.7
Pros and Cons of SBI Prime Credit Card
Advantages of the Credit Card:
- Extensive travel benefits, including global lounge access.
- High reward rates on select categories.
- Comprehensive insurance and concierge services.
Potential Drawbacks:
- High annual fee of ₹2,999 + GST.
- Moderate reward rate on general spends.
Similar Cards to SBI Prime Credit Card
| Credit Card | HDFC Regalia Card | Axis Bank Magnus Card | Standard Chartered Ultimate Card | Citi PremierMiles Card |
|---|---|---|---|---|
| Annual Fee | ₹2,500 + GST | ₹10,000 + GST | ₹5,000 + GST | ₹3,000 + GST |
| Lounge Access | Unlimited lounge access | Unlimited domestic and international | Unlimited lounge access | 8 domestic lounge visits annually |
| Reward Rate | 4 reward points for every ₹150 spent | 12 EDGE reward points for every ₹200 spent | 5 reward points for every ₹150 spent | 4 miles for every ₹100 spent |
| Reward Value | 1 point equals ₹0.50 | 1 EDGE reward point equals ₹0.20 | 1 point equals ₹0.25 | 1 mile equals ₹0.45 |
| Special Benefits | High reward rates, exclusive benefits | Travel vouchers, dining discounts | Complimentary golf, concierge services | Extensive travel benefits |
Comparison
- HDFC Regalia Credit Card offers similar benefits with higher reward rates and unlimited lounge access.
- Axis Bank Magnus Credit Card provides extensive travel benefits with higher reward rates and a more affordable annual fee.
- Standard Chartered Ultimate Card offers a balance of travel and lifestyle benefits with unlimited lounge access.
- Citi PremierMiles Credit Card focuses heavily on travel rewards with high reward rates on flight bookings.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about SBI credit cards and other financial products, you can visit the official SBI Card website.
FAQ
Q: What is the annual fee for the SBI Prime Credit Card? A: The annual fee for the SBI Card PRIME is ₹2,999 + GST, which can be waived on spending ₹3 lakh annually.
Q: How can I earn reward points with the SBI Prime Credit Card? A: You can earn 10x reward points on dining, movies, groceries, and departmental store spends. Additionally, you earn 2 reward points for every ₹100 spent on other retail spends and 20 reward points for every ₹100 spent on your birthday.
Q: Does the SBI Prime Credit Card offer lounge access? A: Yes, the card offers 4 complimentary international lounge visits per year and 8 domestic lounge visits per year (2 per quarter).
Q: What is the forex markup fee for international transactions? A: The forex markup fee for international transactions is 3.5%.
Q: Are there any milestone benefits with the SBI Prime Credit Card? A: Yes, you can earn Pizza Hut vouchers worth ₹1,000 on quarterly spending of ₹50,000 and Yatra.com or Pantaloons vouchers worth ₹7,000 on annual spending of ₹5 lakh.
Q: How do I apply for the SBI Prime Credit Card? A: You can apply for the SBI Card PRIME online through the SBI Card website or offline by visiting the nearest SBI branch.
