SBI Card Elite Vs SBI Prime Credit CardSBI Card Elite Vs SBI Prime Credit Card

SBI Card Elite Vs SBI Prime Credit Card

SBI Card stands out among major credit card issuers in India, consistently leading the pack. With a diverse array of credit cards, both premium and basic, SBI Card ensures its customers enjoy top-tier privileges while keeping costs low. When it comes to premium options, potential users often find themselves choosing between SBI Card Elite and SBI Card Prime. Despite their similarities in benefits, these cards offer exclusive perks spanning reward programs, lifestyle privileges, and travel advantages. If you’re considering obtaining one of these cards, it’s wise to carefully compare their features and select the one that suits your preferences and requirements the most.

Features and Benefits of SBI Card Elite and SBI Prime Credit Card

SBI Card Elite:

  1. Card Overview:
    • SBI Elite is the second most premium credit card by SBI Card.
    • Issued in three variants: Amex, Visa, and MasterCard.
    • High joining fee with equivalent welcome gift vouchers.
  2. Features and Benefits:
    • Thrilling incentive schemes, cinema advantages, dining privileges, and travel perks.
    • Complimentary movie tickets and access to luxury airport lounges.
    • Welcome gift vouchers worth Rs. 5,000 from select brands.
  3. Reward Program:
    • 10 Reward Points on Rs. 100 for groceries, departmental stores, and dining.
    • 2 Reward Points on every Rs. 100 spent elsewhere.
    • Redemption options at sbicard.com or as cashback (1 Reward Point = Re. 0.25).
  4. Milestone Benefits:
    • Up to 50,000 bonus Reward Points annually based on spending milestones.
    • Earn bonus Reward Points (RPs) ranging between 10,000 and 50,000 when you make designated annual purchases.
  5. Membership and Access:
    • Enjoy the benefits of both Club Vistara Silver and Trident Privilege Red Tier memberships at no extra cost.
    • Domestic and international lounge access, Priority Pass membership.
  6. Exclusive Variants:
    • AmEx variant offers dining discounts and additional privileges.
    • Each month, you’ll receive free movie tickets, opportunities for rounds of golf, and inclusive insurance coverage.
  7. Annual Fee Waiver:
    • Annual fee waived if spending exceeds Rs. 10 lakhs in the previous year.

SBI Prime Credit Card:

  1. Card Overview:
    • SBI Prime is among the premium credit cards by SBI Card.
    • Comes in three variants: Visa, MasterCard, and American Express.
    • Comparatively lower joining fee with exclusive benefits.
  2. Features and Benefits:
    • Extensive perks encompassing points for rewards, travel benefits, and dining privileges.
    • Welcome gift voucher worth Rs. 3,000 from select brands.
  3. Reward Program:
    • Get 10 Reward Points for every Rs. 100 spent on groceries, dining out, departmental store purchases, and movie expenses.
    • 2 Reward Points on every Rs. 100 spent elsewhere.
    • 20 Reward Points on every Rs. 100 spent on your birthday.
  4. Redemption Options:
    • Reward points redeemable against gift vouchers or statement cash (1 RP = Re. 0.25).
    • Receive a Pizza Hut electronic voucher along with extra gift vouchers when you spend a designated amount.
  5. Dining and Lounge Access:
    • Up to 25% dining discount with Amex variant.
    • 8 complimentary domestic lounge accesses annually.
  6. International Lounge Access:
    • 4 complimentary international lounge accesses annually with Priority Pass.
  7. Golf and Insurance:
    • Complimentary golf access and lesson.
    • Air accident cover worth Rs. 50 lakhs and fraud liability cover of Rs. 1 lakh.
  8. Annual Fee Waiver:
    • Annual fee waived if spending exceeds Rs. 3 lakhs in the previous year.

Comparison between SBI Card Elite and SBI Prime Credit Card

SBI Card Elite:

  1. Annual Fee: Rs. 4,999
  2. Interest Rate: 3.5% per month
  3. Welcome Benefits: Receive a voucher valued at Rs. 5,000, redeemable for either travel experiences or shopping delights.
  4. Reward Rate: Earn 10 Reward Points for every Rs. 100 spent on dining, departmental stores, and groceries, while 2 Reward Points are earned for spending elsewhere.
  5. Reward Redemption: 1 RP = Re. 0.25 for gift vouchers and statement cash.
  6. Dining Benefits: Up to 25% discount on dining with the AmEx variant.
  7. Movie Benefits: 2 complimentary movie tickets every month.
  8. Travel Benefits: Complimentary Club Vistara Silver membership, Trident Privilege Silver Tier membership, and discount offers at luxury hotels.
  9. Airport Lounge Access: Each year, you’re entitled to enjoy 8 complimentary visits to domestic lounges and 6 to international lounges, all as part of your benefits package.
  10. Forex Markup Fee: 1.99% on all foreign currency spends.
  11. Golf Benefits: Each month, you’ll receive four free rounds of golf along with a complimentary golf lesson.
  12. Insurance Benefits: Fraud liability covers worth Rs. 1 lakh, air accident cover worth Rs. 50 lakhs.
  13. Spend-based Waiver: You won’t have to pay the annual fee if you spend Rs. 10 lakhs within a year.

SBI Prime Credit Card:

  1. Annual Fee: Rs. 2,999
  2. Interest Rate: 3.5% per month
  3. Welcome Offer: Receive a travel or shopping voucher worth Rs. 3,000 upon joining.
  4. Reward Earnings:
    • Earn 10 Reward Points for every Rs. 100 spent on departmental stores, groceries, and dining, and 2 Reward Points on other purchases.
  5. Reward Redemption: Exchange 1 Reward Point for Re. 0.25 in gift vouchers or statement cash.
  6. Milestone Rewards: Obtain gift vouchers worth up to Rs. 11,000 annually.
  7. Dining Privileges: Enjoy up to 25% off at partner restaurants with our AmEx variant.
  8. Movie Benefits: Gain 5X Reward Points (equivalent to 10 Reward Points) on dining and movie expenses, along with up to 25% discount on dining bills at select restaurants (AmEx variant only).
  9. Travel Perks: Receive complimentary Club Vistara Silver membership, Trident Privilege Silver Tier membership, and exclusive discounts at luxury hotels.
  10. Airport Lounge Access: Access 8 domestic and 4 international lounges annually.
  11. Forex Markup Fee: Avail a 3.5% fee on all foreign currency transactions.
  12. Golf Privileges: Enjoy access to 4 complimentary golf games and 1 golf lesson monthly.
  13. Insurance Coverage: Benefit from fraud liability coverage worth Rs. 1 lakh.
  14. Annual Fee Waiver: Have your annual fee waived upon spending Rs. 3 lakhs in a year.

Which credit card suits you best?

  • Evaluate the two cards to make an informed decision on your choice.
  • No card is definitively better; the selection depends on individual requirements.
  • The SBI Elite Card has a higher joining fee but offers enticing movie benefits.
  • The SBI Prime Card has a lower annual fee but lacks the movie benefits.
  • Despite similar features, subtle differences can impact the choice.
  • Opt for SBI Prime if uninterested in movies for lower annual fee and other benefits.
  • Choose SBI Elite if a movie enthusiast due to exclusive benefits outweighing the higher fee.
  • SBI Elite provides advantages for international travel like lounge access and lower currency markup.
  • Analyze spending habits before deciding on a card that aligns with your needs.

Frequently Asked Questions (FAQs)

  1. What are the key differences between SBI Card Elite and SBI Prime Credit Card?
    • Both cards have unique features. SBI Elite offers exclusive movie benefits with a higher joining fee, while SBI Prime has a lower annual fee and includes air accident insurance.
  2. Do both cards have the same rewards program?
    • Certainly! Both the SBI Card Elite and SBI Prime Credit Card offer identical rewards programs.
  3. Which card is more suitable for movie enthusiasts?
    • The SBI Elite card caters well to cinephiles with its enticing movie perks, setting it apart from the SBI Prime card which lacks similar movie-centric benefits.
  4. Is there a significant difference in fees between the two cards?
    • Yes, there is a difference. SBI Elite comes with a higher joining fee compared to the lower annual fee of SBI Prime.
  5. Are there any insurance perks provided by the SBI Prime Credit Card?
    • Yes, SBI Prime includes complimentary air accident insurance, a feature not present in SBI Elite.
  6. Do these credit cards offer any unique advantages for travelers?
    • SBI Elite provides advantages for international travel, such as complimentary lounge access and a lower foreign currency markup fee.
  7. How can I decide which card is best for me?
    • Analyze your spending habits and preferences. If movies aren’t your thing, you might lean towards SBI Prime for its lower fee. On the flip side, if you’re a movie buff, SBI Elite could offer greater advantages.
  8. Do both cards have similar features despite the differences mentioned?
    • While many features are similar, the distinction in benefits such as movie privileges and insurance coverage sets the cards apart.
  9. Can I upgrade or downgrade between these two cards?
    • Contact SBI Card customer service for information on the possibility of upgrading or downgrading between SBI Elite and SBI Prime Credit Cards.
  10. Are there any hidden fees or charges associated with these cards?
    • Review the terms and conditions provided by SBI Card to understand any potential hidden fees or charges associated with both credit cards.

Leave a Reply

Your email address will not be published. Required fields are marked *