By Bharti Bisht
Updated On September 23, 2021

SBI Prime Credit Card is a lifestyle credit card by SBI Card. The card comes with a membership fee of Rs. 2,999  per annum. In many aspects, the card is very much similar to the SBI ELITE Credit Card (which comes with a membership fee of Rs. 4,999) and can be considered a toned-down version of the same. Still, SBI Prime Card does offer plenty of value-added benefits like complimentary domestic and international airport lounge access, discounted rates on hotel bookings and movie tickets, etc.

In terms of reward rate, you earn 2 Reward Points per Rs. 100 spent with the card and 10 Reward Points per Rs. 100 on dining, groceries and departmental store spends. With 1 Reward Point valued at Rs. 0.25, the effective reward of the card becomes 2.5% on dining, groceries and departmental store categories and 0.5% on all other categories of spends.

SBI Prime Credit Card, just like the ELITE Card, comes in three variants- Visa, MasterCard and American Express variant. Although the reward rate and benefits offered by all three variants are more or less the same, the payment networks do offer some exclusive benefits on their variant (details later in the article). Read on to know more about this lifestyle credit card by SBI Card.

Best Suited For

Travel | Shopping |

Joining Fee

Rs. 2,999 (plus applicable charges)

Reward Type

Reward Points |

Product Details

  • Gift voucher worth Rs. 3,000 as a welcome gift on card issuance.
  • 10 Reward Points on every spend of Rs. 100 on dining, movies, groceries and departmental store spends.
  • 2 Reward Points per Rs. 100 on all other retail spends with the card.
  • E-Gift Voucher worth Rs. 7,000 from Yatra or Pantaloons on spending Rs. 5 lakh in a year.
  • A Pizza Hut e-voucher worth Rs. 1,000 on spending Rs. 50,000 in a calendar quarter.
  • Renewal fee waived off on an expenditure of Rs. 3 lakhs or more in the previous year.
  • 4 complimentary international airport lounge access every year (max 2 per quarter).
  • 8 complimentary domestic airport lounge access every year (max 2 in a quarter).
  • Complimentary Club Vistara Silver Membership.
  • Complimentary Trident Privilege Red Tier Membership.
  • 20 Reward points per Rs. 100 spent on birthday (max cap of 2,000 Reward Points on birthday spends).

Rewards and Benefits

Welcome Benefits

Gift voucher worth Rs. 3,000 from any one of Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com

Movie & Dining

5X Reward Points (10 Reward Points) on dining and movie spends, dining offers with up to 25% discount at partner restaurants (with American Express variant only)

Rewards Rate

10 Reward Points per Rs. 100 on dining, groceries, departmental stores and movie spends, 2 Reward Points per Rs. 100 on all other retail spends

Reward Redemption

Reward Points redeemable for gift vouchers on sbicard.com or SBI mobile app or for paying the card’s outstanding balance, 1 Reward Point = Rs. 0.25

Travel

Complimentary Club Vistara Silver membership, complimentary Trident Privilege Red Tier Membership, and complimentary international and domestic airport lounge access.

Golf

4 rounds of complimentary green fees access and up to 50% off on golf games along with 1 complimentary lesson per month at selected golf courses across India (only with the MasterCard variant of the card)

Domestic Lounge Access

8 complimentary domestic airport lounge access every year (max 2 per quarter)

International Lounge Access

4 complimentary international airport lounge access every year with Priority Pass Membership (max 2 per quarter)

Insurance Benefits

Air accident cover worth Rs. 50 lakhs, fraud liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank

Zero Liability Protection

Fraud liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank

Fees & Charges

Joining Fee

Rs. 2,999 (plus applicable charges)

Renewal Fee

Rs. 2,999 (plus applicable taxes)

Spend based Waiver

Renewal fee is waived off if a minimum of Rs. 3 lakh were spent in the receding year

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.5% per month (42% per annum)

Fuel Surcharge

1% fuel surcharge waiver on every fuel transaction between Rs. 500 to Rs. 4,000 (maximum surcharge waiver of Rs. 250 in a month)

Cash Advance Charge

2.5% of the amount withdrawn or Rs. 500 (whichever is higher)

Add-on Card Fee

Nil

SBI Prime Credit Card Welcome Benefits:

You get a shopping/travel gift voucher worth Rs. 3,000 from any of the following brands- Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.

SBI Prime Credit Card Rewards:

  • 10 Reward Points per of Rs. 100 on dining, movies, groceries and departmental store spends.
  • 2 Reward Points per Rs. 100 on all other retail spends with the card.
  • 20 Reward Points per Rs. 100 spent on birthday (Reward Points on Birthday spends (one day before, on birthday and one day after birthday) is capped at 2,000 Reward points per calendar year)

Rewards Redemption:

The Reward Points earned on the card can be redeemed for-

  • gift vouchers on sbicard.com or SBI mobile app.
  • paying the card’s outstanding balance.

1 Reward Point = Rs. 0.25.

SBI Prime Credit Card Milestone Benefits:

  • Pizza Hut e-voucher worth Rs. 1,000 on a quarterly expenditure of Rs. 50,000.
  • E-voucher worth Rs. 7,000 from Yatra or Pantaloons on an annual expenditure of Rs. 5 lakh.
  • Membership renewal fee waived off on an annual expenditure of Rs. 3 lakhs.

SBI Prime Credit Card Travel Benefits:

  • Complimentary Club Vistara Silver Membership.
  • Complimentary Trident Privilege Red Tier membership.
  • Complimentary domestic and international airport lounge access.
  • Up to 15% discount on best available room rates on Lalit and F&B hotels (for MasterCard variant only).
  • Up to 10% off on Hertz car rental and up to 35% off on Avis Car Rentals (for Visa variant only).
  • Enjoy exclusive benefits across 900 luxury hotels. (for Visa variant only).
  • Complimentary Tablet plus membership with access to VIP upgrades and privileges at hotels in India and abroad (for American Express variant only).

Airport Lounge Access:

  • 2 complimentary domestic airport lounge visits per quarter by Visa/MasterCard/American Express.
  • 4 complimentary international airport lounge access every year (max 2 per quarter) with Priority Pass membership.

SBI Prime Credit Card Dining and Movie Benefits:

  • 5X Reward Points (10 Reward Points per Rs. 100) on movie spends.
  • Dining offers with up to 25% discount at partner restaurants (with American Express variant only).

Golf Benefits:

You get 4 rounds of complimentary green fees access and up to 50% discount on golf games along with 1 complimentary lesson per month at select golf courses across India. This benefit is applicable for the MasterCard variant of the card only.

SBI Prime Credit Card Insurance Benefits:

  • Complimentary air accident liability cover worth Rs. 50 lakh.
  • Fraud liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank.

How to apply:

You can apply for the credit card online on sbicard.com or using their chatbot ELA. Alternatively, you can also dial their helpline at 39020202 (prefix STD code) or visit your nearest SBI branch and submit the required documents. You will need identity proof (like Aadhar Card, Voter ID Card, PAN Card, etc), address proof (like Aadhar Card, Voter ID Card, etc.) and proof of income (salary slips or audited ITR acknowledgement).

Conclusion:

SBI Prime Credit Card can be considered a toned-down version of the SBI ELITE Card. It is suitable for those individuals for whom shopping and travel expenses account for a significant portion of total monthly spends, but they don’t want to pay a very high annual membership fee. SBI Prime Credit Card offers decent benefits and reward rate considering its annual fee of Rs. 2,999. What do you think about this offering by SBI Card? Do let us know in the comments. If you’re an existing cardholder, feel free to share your experience for the benefit of others.

FAQs:

Yes, 1% fuel surcharge is waived off at all filling stations across India for transactions between Rs. 500 and Rs. 4,000. The maximum waived amount is capped at Rs. 250 per month.

You are charged a mark-up fee of 3.5% of the transaction amount on all foreign currency transactions made with the SBI Prime Credit Card.

You can just dial the SBI Card 24×7 helpline number 1860 180 1290 or 1800 180 1290 to get your credit card replaced.

1 Reward Point = Rs. 0.25 or 1 Reward Points = Re. 1

Yes, you can withdraw cash using your SBI Credit Card Prime. However, a withdrawal fee of 2.5% of the withdrawn amount (min Rs. 500) is charged everytime you withdraw cash using your SBI Prime Credit Card.

Yes, you get a complimentary air accident cover worth Rs. 50 lakh and a fraud liability cover worth Rs. 1 lakh with SBI Prime Credit Card.

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