SBI Prime Credit Card is a lifestyle card come with a lot of travel privileges, shopping benefits, and voucher rewards based on milestones. There is a join-up and renewal fee of ₹2,999 + GST, which is waived in case of expenditure of ₹3 lakh and above every year. The card earns 10 Reward Points for ₹100 spent in restaurants, multiplexes, groceries, departmental stores, and there is a domestic and international lounge privilege benefit. Customers also get welcome gifts worth ₹3,000 after paying joining fees, milestone benefits provides quarterly and annual vouchers. Also card have fuel surcharge waiver, and hotel booking and golf session discounts. This card have a strong reward program and several lifestyle privileges. SBI Card PRIME is ideal for heavy spenders who wish to accumulate maximum value through day-to-day and travel spending.
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What Are The SBI Prime Credit Card Benefits?
The SBI Card PRIME is full of lifestyle-oriented benefits rewarding you on spending across categories such as shopping, travel, dining, and more. From welcome vouchers to quarterly gifts and lounge privileges, the card provides value at every point of your usage journey.
SBI Prime Credit Card Welcome Benefits
As a part of the welcome benefit, on paying the annual charges, you will be given an e-gift voucher of ₹3,000. Within 30 days from the payment of the annual charge, you will be sent an SMS to opt for one of the e-voucher options from a list, such as brands like Bata/Hush Puppies, Pantaloons, Shoppers Stop, Yatra, and Aditya Birla Retail. The selected e-voucher will be sent to your registered mobile number or e-mail address within 5 days of making the request.
For Bata/Hush Puppies, Pantaloons, and Shoppers Stop, you can redeem your e-gift voucher by presenting the code at the corresponding brand’s shop. For Yatra and Shoppers Stop, you can also redeem the voucher online during the purchase. The Aditya Birla Retail Voucher can also be redeemed at upmarket brand stores like Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, and Simon Carter.
Travel Benefits
SBI Card PRIME provides a luxury travel experience by way of an array of curated privileges. The card members are provided with a free Trident Privilege Red Tier membership, providing 1,000 welcome points upon registration, 1,500 bonus points on the initial stay, and ₹1,000 hotel credit on an extra night using the code ‘SBITH’. You also receive a 10 percent instant discount on bookings made through the Trident Hotels website and earn 10 reward points for each ₹100 spent during your stay.
The card also includes free Club Vistara Silver Membership, which provides one one-way class upgrade voucher and 9 Club Vistara points for each ₹100 spent on Vistara flights. This is particularly useful for regular domestic flyers. Based on your card type, you also get to enjoy discounts on car and hotel rentals, Mastercard users receive up to 15 percent discount at Lalit Hotels, Visa users can enjoy up to 10 percent off Hertz rentals and up to 35 percent off Avis, while American Express users have privileges at more than 900 luxury hotels worldwide.
SBI Prime Credit Card Lounge Access Benefits
With SBI Card PRIME, you can enjoy lounge access benefits, making your travel experience better. Card members are eligible for 4 free visits in a calendar year to International Priority Pass Lounges in countries other than India, with a maximum of 2 visits per quarter. You can also enjoy 8 free visits in a calendar year to Domestic Lounges in India, with a maximum of 2 visits per quarter. This advantage provides that no matter whether you’re going abroad or within the country, you’re able to relax in comfort before departure. Depending on your card network, you can access lounges from the eligible list via Visa/Mastercard/American Express/RuPay networks.
SBI Prime Credit Card Milestone Benefits
SBI Card PRIME has many milestone benefits that reward your purchases throughout the year. On reaching a spend of ₹50,000 in a calendar quarter, you will receive a Pizza Hut e-Voucher of ₹1,000. Also, if you purchase more than ₹3 lakh in a year, you will be eligible for a waiver of the renewal fee. For persons who cross an annual spend of ₹5 lakh, you will get an e-gift voucher of ₹7,000 that is redeemable at Yatra.com or Pantaloons. These milestones ensure maximum value for your card and the privilege of availing exclusive rewards.
SBI Prime Credit Card Birthday Rewards
SBI Card PRIME gives chance to enjoy your birthday by providing additional rewards. You get 20 Reward Points on every ₹100 spent on your birthday, twice the normal reward rate on significant categories. This advantage is applied automatically to purchases eligible on your registered date of birth. Dining out, spending on holidays, or reserving a holiday to celebrate your birthday expenses earn you additional rewards that can eventually be exchanged for nice options like as vouchers, products, and travel reservations—making it an immensely rewarding experience.
Rewards and Redemption
SBI Card PRIME provides a strong rewards program that caters to high spenders. You earn 10 Reward Points for every ₹100 spent on major categories like grocery, dining, movies, and departmental stores, rewarding your day-to-day expenditure. On all other retail spends, apart from fuel, utility, and EMIs, you earn 2 Reward Points for every ₹100 spent.
The Reward Points can be redeemed using the SBI Card website or mobile app. You have the flexibility to redeem through a multiple options such as shopping vouchers, travel reservations, merchandise, and more. Every Reward Point is normally worth ₹0.25, whichgives savings over a period of time. With free redemption and high earn rates on routine categories, the SBI Card PRIME converts your expenditure into decent savings.
SBI Prime Credit Card Charges
The SBI Card PRIME has a joining fee of ₹2,999 along with applicable taxes, which is levied in the first billing cycle following card issuance. The renewal fee for a year is also ₹2,999 along with taxes, effective from the second year onwards. This renewal fee is waived off, however, on spending of ₹3 lakh or more in the previous year.
The card has an interest rate of a maximum of 3.75% per month (45% per year) on late payments. For delayed payments, late payment fees between ₹400 to ₹1,300 may be levied based on the outstanding. On cash advances, a transaction fee of 2.5% or ₹500 (whichever is greater) is charged. Foreign currency transactions also come with a 3.5% markup of the transaction value.
SBI Card. The card provides a 20 to 50-day interest-free credit period if the outstanding last month’s balance is settled in full.
Eligibility Criteria and Documents Needed
The applicant should fulfill the eligibility criteria of SBI Card to apply for the SBI Card PRIME. The age should be at least 18 years, and the applicant should be a salaried or self-employed person with a steady income stream. The credit score should also be good since it is a premium credit card. While applying, you will have to provide a set of supporting documents, which are usually:
- Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport
- Address Proof: Utility bill, Aadhaar Card, Passport, or Driving License
- Income Proof: Recent salary slips, Form 16, or ITR (in case of self-employed applicants)
- Photograph: You may also be required to provide a recent passport-sized photograph
- The bank may ask for further documents or information depending on your profile to process your application.
How Much You Save – Example
Suppose my friend Sushant is spending all his spends from weekend dining out and grocery shopping to electricity bill payments and online clothing purchases, pays for everything with his SBI Card PRIME. Lets find out how much this card actually saving his money?
Spending Summary & Reward Point Calculation
| Category | ₹2 Lakh Spend | ₹4 Lakh Spend |
|---|---|---|
| Dining & Groceries (10 RP) | ₹60,000 | ₹1,20,000 |
| Departmental Stores (10 RP) | ₹30,000 | ₹60,000 |
| Movies (10 RP) | ₹20,000 | ₹40,000 |
| Utility & Fuel (No RP) | ₹30,000 | ₹60,000 |
| General Retail (2 RP) | ₹60,000 | ₹1,20,000 |
Reward Points Earned
| Category | ₹2 Lakh (RP) | ₹4 Lakh (RP) |
|---|---|---|
| Dining & Groceries | 6,000 | 12,000 |
| Departmental Stores | 3,000 | 6,000 |
| Movies | 2,000 | 4,000 |
| Utility & Fuel | 0 | 0 |
| General Retail | 1,200 | 2,400 |
| Total Reward Points | 12,200 | 24,400 |
| Value (@ ₹0.25 per point) | ₹3,050 | ₹6,100 |
Other Benefits
| Benefit | ₹2 Lakh Spend | ₹4 Lakh Spend |
|---|---|---|
| Pizza Hut Voucher (₹50K/quarter) | ₹1,000 | ₹2,000 |
| Annual Fee Waiver (₹3L spend) | Not Eligible | ₹2,999 |
| Milestone Voucher (₹5L spend) | No | No |
Overall Savings Summary
| Type | ₹2 Lakh Spend | ₹4 Lakh Spend |
|---|---|---|
| Total Savings | ₹4,050 | ₹11,099 |
SBI Prime Credit Card Review – My Thoughts
The SBI Card PRIME is a travel and lifestyle premium card, specially designed for high spenders and regular travellers. The joining fee of ₹2,999, some people might think, but that’s quickly offset by the welcome present of an e-voucher of ₹3,000 from premium brands such as Yatra, Shoppers Stop, and Pantaloons. So in effect, the joining fee is becomes zero at begining.
What makes this card stand out is its high emphasis on travel and lifestyle benefits. The card includes free membership in Trident Privilege Red Tier, which is a huge advantage for anyone who frequently stays at Trident Hotels. It comes with perks such as privileged rates, room upgrades, and late checkouts making business or leisure stays more convenient and rewarding. Also, Club Vistara Silver Tier membership comes with it, where you get a head start on earning Vistara points and gaining priority check-in and other flight privileges.
Lounge access is most required feature for regular travellers. here you get 4 free international lounge visits per annum (through Priority Pass) and 8 domestic lounge visits per year, makes this card perfect for both domestic travelers and global travelers. These perks both comfort and value you, particularly when waiting for long at airports.
The card also incentivizes your spending behaviour. Be it quarterly milestone vouchers from Pizza Hut or a ₹7,000 e-voucher after achieving ₹5 lakh annual spends, the card encourages users to derive maximum value from their spends. Spend-based fee waiver on ₹3 lakh annual spends makes it that much simpler to maintain the card without worrying about the renewal fee.
It’s not all good, though. One of SBI Card PRIME’s weak points is in its fees and finance charges. The interest on unpaid balances is quite high, and the 3.5 percent foreign currency markup fee doesn’t make international shopping as convenient as it could be. The cash advance fees are also a bit on the higher side, which affects those who regularly draw cash out via credit.
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