Our Money Guide

By: OurMoneyGuide || Last updated on: May 16, 2024

Reliance SBI Card PRIME is a co-brand card launched by SBI Card, in partnership with Reliance Retail. It is a good card for regular shoppers at various Reliance Retail outlets – you can earn approximately 5% on Reliance Retail spends, at ₹3 lakhs annual card spend at various Reliance Retail outlets. You also get special discounts upto 5%, at participating Reliance Retail Stores.

You also get good lifestyle benefits like complimentary access to airport lounges both in India (2 times per quarter) and abroad (4 times per year)

Reliance SBI PRIME Card

Brief Summary

Our Rating
4.50 / 5

Our View :

SBI Cashback Credit Card is one of the best cashback cards available in the marketplace. It offers 5% cashback on all online spends & purchases. But this card is not suitable for those who are not comfortable doing online transactions.

on SBI Card website

Reliance SBI Card PRIME

Special Benefits

5% on all online spends

Other Benefits

Minimum Income

Not specified

Annual Fee

₹ 999

Annual Fee Offers

Renewal fee waiver at ₹2 lakhs annual card spend

Pros and Cons of Reliance SBI Card PRIME

Pros

  • Good card for regular shoppers at various Reliance Retail outlets – you can earn over 5% on these spends if you utilise the milestone benefits also
  • You also get special discounts upto 10%, at participating Reliance Retail Stores
  • Complimentary access to airport lounges both in India (2 times per quarter) and abroad (4 times per year)

Cons

  • You may need to consider other credit cards to earn higher rewards on your non-Reliance Retail card spends

Features & Benefits of Reliance SBI Card PRIME

Upto 5.4% benefit on spends at participating Reliance Retail Stores
2.50% on all spends at participating Reliance Retail Stores
Upto 2.9% additional benefit, based on achieving specified annual card spends at participating Reliance Retail Stores

BenefitTotal benefit
At ₹75,000 annual card spend at participating Reliance Retail Stores₹1500 worth Reliance Retail Voucher₹1500 worth Reliance Retail Voucher – 2% benefit
At ₹1.50 lakhs annual card spend at participating Reliance Retail Stores₹2250 worth Reliance Retail Voucher₹3750 worth Reliance Retail Voucher – 2.50% benefit
At ₹3 lakhs annual card spend at participating Reliance Retail Stores₹5000 worth Reliance Retail Voucher₹8750 worth Reliance Retail Voucher – 2.91% benefit

Special discounts upto 10%, at participating Reliance Retail Stores

1.25% benefit on the following spend categories –  dining || movies & entertainment || domestic airlines || international spends

0.50% benefit on all other card spends

Complimentary international airport lounge access – 4 times per year (maximum 2 times per quarter)

Complimentary domestic airport lounge access – 2 per quarter

Movie benefits at Book My Show, upto ₹3000 per year

Fuel surcharge waiver, upto ₹100 per month

SBI Card customer care

3 lifetime-free add-on cards

Reliance SBI Card PRIME Fees and Charges

Annual fee

Annual feeAnnual fee offers
1st year joining fee₹2999Welcome offers
– You get Reliance Retail voucher worth ₹3,000, on payment of joining fees. Please click here to know where this voucher can be redeemed.
– You also get additional discount vouchers worth ₹11,999, of various participating Reliance Retail Stores. For details, please click here.
Renewal fee from 2nd year onwards₹2999Renewal fee offer : Annual fee is not charged from the second year onwards, if you spend ₹3 lakh or more in the previous year.

Hence the card is virtually free , if you spend ₹3 lakh or more each year on your card.

Late payment fee

Please refer to the below table for details

Amount dueLate Fee
 Less than ₹500Nil
₹501 to ₹1,000₹400
₹1,001 to ₹10,000₹750
₹10,001 to ₹25,000₹950
₹25000 to ₹50000₹1100
Over ₹50000₹1300

Foreign currency transaction fee

3.50% of the transaction value.

Finance charges

3.50% per month (42% p.a.).

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges

Eligibility Criteria

Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.

Minimum age21 years
Maximum age70 years
OccupationSalaried or self-employed
Minimum income requirementsNot specified. Should have a regular source of income
Other criteriaGood credit score, preferably above 750

Applying & Tracking Application Status

Step-by-step guide

Online application process The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on the SBI Card website. You can also visit the official website of SBI Card and fill out the application form.

Steps :
– Fill out the online application form – personal details like mobile phone number, emplyment, income, Aadhar / PAN number
– Click ‘Submit’ and you will receive an instant decision on the application basis the information provided
– If your application is approved, you will receive a call from SBI Card team for verification
– Post necessary verification, the card is issued to you

Virtual card : In addition to this, SBI Card team will send an SMS on your registered mobile number with a link to generate your e-card. With this e-card you can view your credit card details digitally, even before your physical card reaches you, and start shopping online instantly.
Offline (face to face)  application processYou can visit any of the nearest branches of SBI Card, and talk to an executive regarding the process.

Necessary documents and verification

Required documents   – PAN card

– Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof

– Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy

In addition to these, you maybe asked to provide additional documents, on a case-to-case basis.

Tracking your application status

Tracking credit card application status– You can track the status of your application on – ‘Track Application’ section. 

– Please click here – Home page (and see top section of the page section named – ‘Track your application’) OR
– Please click here – Eapply page (and see bottom of the page section named – ‘Track Credit Card Application’)
You need to enter some basic information (like application number/ reference number, name, mobile number), to see the status of your SBI Card application
Apply Now

on SBI Card website