Central Bank of India Prime SBI Card

The Central Bank of India SBI Prime Credit Card, by SBI Card, features a Rs. 2,999 annual fee. It resembles the SBI ELITE Credit Card but is a more affordable version. Despite the lower fee, it offers perks like airport lounge access, hotel discounts, and movie ticket benefits. The reward structure includes 2 points per Rs. 100 spent and 10 points for dining, groceries, and department stores. With each point valued at Rs. 0.25, the effective reward rates are 2.5% for specific categories and 0.5% for other expenses.

Key Highlights of Central Bank of India Prime SBI Card

Unlock unparalleled benefits with the Central Bank of India Prime SBI Card.

  1. Gain 20 reward points per Rs. 100 spent on utility bills through standing instructions.
  2. Enjoy a 1% fuel surcharge waiver on your expenditures.
  3. Receive a Pizza Hut e-voucher worth Rs. 1,000 for spending Rs. 50,000 in a calendar quarter.
  4. Avail benefits at 900 global luxury hotels.
  5. Enjoy a 15% discount on luxurious Airport Transfer Services.

Features and Benefits of Central Bank of India Prime SBI Card

The Central Bank of India Prime SBI Card offers several features and benefits:

1. Welcome Benefits: Receive a shopping/travel gift voucher (Rs. 3,000) from top brands.

2. Milestone Benefits:

  • Quarterly expenditure of Rs. 50,000: Pizza Hut e-voucher (Rs. 1,000).
  • Annual expenditure of Rs. 5 lakh: E-voucher (Rs. 7,000) from Yatra or Pantaloons.
  • Annual expenditure of Rs. 3 lakhs: Waived membership renewal fee.

3. Travel Benefits:

  • Club Vistara Silver Membership.
  • Trident Privilege Red Tier membership.
  • Complimentary domestic and international airport lounge visits.
  • Discounts on hotel room rates, Hertz car rental, and Avis Car Rentals.

4. Airport Lounge Access: 2 complimentary domestic lounge access (per quarter) and 4 international lounge access annually through Priority Pass.

5. Dining and Movie Benefits:

  • 5X Reward Points on movie spends.
  • Up to 25% dining discount at partner restaurants (with the American Express variant).

6. Golf Benefits (Mastercard Variant):

  • 4 rounds of complimentary green fees.
  • Up to 50% discount on golf games.
  • 1 complimentary golf lesson per month.

7. Insurance Benefits:

  • Air accident liability cover (Rs. 50 lakh).
  • Fraud liability cover (Rs. 1 lakh) within 7 days post reporting loss.
  • Zero Liability Protection for unauthorized/fraudulent purchases on lost/stolen cards.

Central Bank of India Prime SBI Card Fees and Charges

Explore the fee structure for the Central Bank of India Prime SBI Card and discover the financial advantages that come with it.

1. Membership Fees:

  • Joining & renewal fee: Rs. 2,999 (plus taxes) for SBI Card Prime.
  • Renewal fee waived on spending Rs. 3 lakhs or more in the previous year.

2. Interest Charges: 3.5% per month (42% annually) interest on outstanding bills if not settled by the due date.

3. Cash Advance Fees: 2.5% of cash amount or minimum Rs. 500 for cash withdrawals with SBI Card Prime.

4. Foreign Currency Transactions: Foreign currency markup: 3.5% of the transaction amount for purchases in a different currency.

Eligibility Criteria for Central Bank of India Prime SBI Card

Here are essential criteria for applying for an Central Bank of India Prime SBI Card:

  1. Age Requirement: Applicants should generally be within a specified age range, often 18 to 65 years.
  2. Income Eligibility: Meet the minimum income criteria set by the bank. Different card variants may have varying income requirements.
  3. Credit Score: A good credit score enhances approval chances. A specific credit score threshold may be set by the bank.
  4. Citizenship: Usually, the applicant must be a citizen of India.
  5. Employment Details: Provide information about employment status, including employment type and tenure.
  6. Documentation: Submit necessary documents such as proof of identity, address, and income. Documents may vary, so check the specific requirements during the application process.
  7. Existing Relationship with the Bank: Some credit cards may be exclusively available to existing customers of the issuing bank.

Documents Required for Central Bank of India Prime SBI Card

To apply for the Central Bank of India Prime SBI Card, you will typically need to provide the following documents:

1. Identity Proof: Accepted documents include Voters’ ID, PAN Card, Passport, Aadhar Card, and Driving License.
2. Address Proof: Valid options are Aadhar Card, Driving License, Passport, and Utility bills, among others.
3. Income Proof: Provide the latest salary slips, Income Tax Return (ITR), and the most recent bank statements for income verification.

How To Apply for Central Bank of India Prime SBI Card

Follow these steps to apply for the Central Bank of India Prime SBI Card online :

  1. Go to the official SBI Card website.
  2. Find the ‘Apply’ section and click ‘Apply Now.’
  3. View all SBI Credit Cards.
  4. Choose SBI Card Prime and click ‘Apply Now.’
  5. Fill the online form, upload necessary documents.
  6. Review and submit your application.

Frequently Asked Questions (FAQs)

1. How can I apply for the Central Bank of India Prime SBI Card?
Visit the SBI Card official website, choose ‘Apply Now’ for Prime SBI Card, and follow the online application process.

2. What are the eligibility criteria for the Central Bank Prime SBI Card?
Generally, criteria include age, income, credit score, and Indian citizenship. Specifics may vary, so check with the bank.

3. What documents are required for Central Bank Prime SBI Credit Card application?
Typically, submit proof of identity, address, income, and other documents. Check the specific requirements during the application process.

4. Is the Central Bank Prime SBI Card available only to existing SBI customers?
Check the bank’s policy; some cards may be exclusive to existing customers, while others may be open to new applicants.

5. What benefits come with the Central Bank of India Prime SBI Card?
Enjoy exclusive rewards, cashback, and features. Refer to the card details for specific advantages.

6. Can I track the status of my Central Bank Prime SBI Card application online?
Yes, use the online application tracking feature on the SBI Card website for real-time updates on your application.

7. Is there an annual fee for the Central Bank Prime SBI Card?
Review the terms and conditions; annual fees may apply, and some variants might offer waivers based on usage or spending thresholds.

8. How do I redeem rewards earned with the Central Bank of India Prime SBI Card?
Utilize the SBI rewards redemption platform, often accessible through online banking, for various redemption options.

9. Can I apply for the Central Bank Prime SBI Credit Card if I have a limited credit history?
A good credit score is typically preferred. Specific requirements may vary, so check with the bank for details.

10. What do I do if my Central Bank of India Prime SBI Credit Card is lost or stolen?
Immediately contact SBI’s customer service to report the loss. They will guide you through the necessary steps to secure your card.