Our Money Guide

By: OurMoneyGuide || Last updated on: April 18, 2024

SBI Card PRIME

Pros & Cons

Benefits of using the SBI Card PRIME

  • Attractive benefit rate on department store, grocery and dining spends, especially if you utilize milestone benefits. Shopping benefits have no monthly caps/limits and are valid for both online as well as offline spends.
  • Attractive travel benefits like complimentary airport lounge access in India and abroad, complimentary Club Vistara Silver membership.
  • Easy redemption of reward points – since reward points can be converted to cashback
  • Complimentary credit card fraud liability cover of ₹1 lakh. This provides financial protection against unauthorised transactions and fraudulent activities, ensuring peace of mind for cardholder

Limitations and drawbacks to consider

  • Reward rate on travel spends is low, hence frequent travellers may need to look at other premium travel cards.

Comparing with Competitor Fuel Credit Cards

Features
SBI PRIME Credit Card
Our Rating
       
APPLY NOW
Rewards Rate 0.5% – 2.5%

Other benefits Fuel Surcharge Waiver
Annual Fee ₹4999 + GST

Annual Fee Offers Zero renewal fees – if minimum spending in the previous year is ₹10,00,000
Minimum Income Not Specified

Features & Benefits of SBI Card PRIME

2.50% special benefit on departmental store purchases || grocery purchases || movie & dining spends

You earn 10 reward points worth ₹2.50, on every ₹100 you spend in these categories.

1 reward point = ₹0.25 or 25 paise. You can easily redeem your reward points for cashback, into your credit card statement.

Reward points expire after 2 years, from the date of earning.

0.50% basic benefit on all other credit card spends (except fuel)

You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases.

Additional reward, through milestone benefits

– You get a Pizza Hut e-voucher worth ₹1000, at ₹50000 quarterly card spend
– You also get a Yatra.com/Pantaloons e-gift voucher worth ₹7000, at ₹5 lakh annual card spend

Complimentary visits to airport lounges in India – 2 times per quarter

To avail this offer, you need to simply present your SBI Card Prime at the respective airport lounge. This offer is provided by Visa, Mastercard, or American Express.
– If you have the Visa version of SBI Card PRIME, please click here for details
– If you have the Mastercard version of SBI Card PRIME, please click here for details
– If you have the American Express version of SBI Card PRIME, please click here for details

Complimentary visits to airport lounges outside India – 4 times per year (maximum 2 per quarter)

The program is brought to you by Priority Pass, one of the leading airport lounge programs in the world, which has tie ups with more than 1000 airport lounges worldwide .

You get complimentary Priority Pass Membership worth US$99. You also get 4 free airport lounge visits per year, with a maximum of 2 visits per quarter.

For visits to the Priority Pass member lounge after the complimentary visits, a usage fee of approximately USD 32 plus applicable taxes will be charged. For more information about Priority Pass member lounges, please click here.

Please note that only primary card holders are eligible for Priority Pass lounge access.

Complimentary Club Vistara SILVER membership

You enjoy a complimentary Club Vistara Silver membership (instead of Club Vistara Base membership for new joinees), which comes with exclusive benefits.

Benefits include-
– 1 complimentary upgrade voucher
– 9 Club Vistara points for every ₹100 spent on your Vistara flights
– Priority airport check-in – at premium economy check-in counter
– Increased check-in baggage allowance

This program is valid for primary card holder only. For full list of benefits, please click here – Club Vistara Silver VS Base membership

Complimentary Trident Privilege membership

You enjoy a complimentary Trident Privilege Red Tier membership, along with exclusive perks & benefits.

Benefits include-
– 10% instant savings on bookings made through the hotel website.
– 1000 bonus welcome points at registration
– 1500 bonus points on your first stay, an additional ₹1000 hotel credit if you extend your stay
– During your stay at participating hotels, you earn 10 points for every ₹100 spent (excluding taxes)

For more information and to apply for your Trident Privilege Red Tier membership, visit www.tridentprivilege.com. Please note that this offer is valid for primary cardholders only.

Exclusive Mastercard/ Visa/ American Express privileges

Mastercard privileges :
– Complimentary access to 4 rounds of green fees and up to 50% off on golf games at selected golf courses in India.
– You receive 1 complimentary golf lesson per month.
– You enjoy upto 15% discount on room rates, and food & beverage at Lalit Hotels.

Visa privileges :
– You can save upto 10% on Hertz car rentals and up to 35% on Avis car rentals.
– You get exclusive benefits at 900 luxury hotels worldwide.

American Express privileges :
– You get access to the American Express Dining Platform , for delightful dining offers and upto 25% discounts in your city.
– You receive a complimentary Tablet Plus membership, providing VIP upgrades and privileges at hotels in India and around the world.

Please note that these sought-after benefits are offered exclusively through partnerships with Mastercard, Visa, and American Express, so they are subject to their respective terms & conditions. To learn more about each benefit category, refer to ‘Mastercard privileges,’ ‘Visa Signature privileges,’ or ‘American Express privileges.’

1% fuel surcharge waiver

Complimentary credit card fraud liability cover of ₹1 lakh

SBI Card customer care

Important Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹2,999Welcome offer : You get electronic gift vouchers worth ₹3000 (from brands like Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com)
Renewal fee from 2nd year onwards₹2,999Renewal fee offer : Annual fee is not charged from the second year onwards , if you spend ₹3 lakhs or more in the previous year.

Foreign currency mark-up fee
3.50% of the transaction amount. This fee is charged when you use your card outside India.

Finance charges
3.50% per month (42% per annum)

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 PRIME Credit Card Fees & Charges

Eligibility Criteria

Some basic criteria is mentioned below. Eligibility is based on multiple parameters, which is assessed by SBI Cards once you apply for the card.

Minimum age21 years
Maximum age70 years
Occupation Salaried , self-employed, retired pensioner
Income requirementsMinimum income not specified, should have regular source of income
Other criteriaGood credit score, preferably above 750

Application Process & Tracking Your Application Status

Application process and tracking application status : step-by-step guide –

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

Steps :
– Click on ‘Apply Now’ and fill-in the e-apply form / online application form.
– 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.

– You can also apply for a SBI Card directly from the E-Apply page (Online Credit Card Application page) on website.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking your applicationYou can track the status of your application in – Track Application section. You can see this section on the Home page (at the top section of the page titled – ‘Track your application’) OR on the Eapply page (at the bottom of the page titled – ‘Track Credit Card Application’).

STEPS :
– Enter the application number/ reference number you would have received when applying for the card . Click on the Track button to check the status of your SBI Card application
– If you do not remember your application number/ reference number, then you have another option of retrieving your application number – by entering your first name and mobile number, and then pressing the button ‘Retrieve’.

Necessary documents and verification –

Required documents 
– PAN Card
– Address proof : Copy of Aadhaar Card or any valid government address proof
– Income documents : Salary slip, income tax return

In addition to these, you may be asked to provide additional documents. Please click here for full details
Apply Now

on SBI Card website