SBI Prime Credit Card

The SBI Prime Credit Card is a versatile card that extends its benefits to various aspects of your lifestyle, including shopping, rewards, dining, travel by flights and hotels, and more. It provides enhanced rewards for everyday spending categories such as groceries, dining, and department store purchases, making it an excellent choice for individuals who tend to have higher expenses. Cardholders also enjoy complimentary memberships for travel privileges, including Priority Pass, Club Vistara, and Trident Red Tier.

Key Highlights of SBI Prime Credit Card

  • The joining and annual fee is just Rs. 2,999 + taxes each.
  • The annual fee is waived off on minimum annual spending of Rs. 3 Lakhs.
  • Earn 10 reward points on spending per Rs.100 on dining, groceries, departmental stores & movies.
  • Welcome e-gift voucher worth Rs. 3,000 from top brands.
  • Get 1% fuel surcharge waiver on the transaction value of Rs. 500 to Rs. 4,000 across all petrol pumps.
  • 4 complimentary visits per calendar year (maximum 2 visits per quarter) to International Priority Pass Lounges, outside India.
  • 8 complimentary visits per calendar year (maximum 2 visits per quarter) to domestic lounges in India.

Features and Benefits of SBI Prime Credit Card

The SBI PRIME Credit Card offers a wide range of features and benefits for its cardholders:

1. Welcome Bonus:

  • As a welcome gesture, the bank provides an e-gift voucher worth Rs. 3,000 when you pay your annual fees. This voucher can be used for purchases at popular brands like Bata, Marks and Spencer, Hush Puppies, Pantaloons, Yatra.com, and Shoppers Stop.

2. Reward Points:

  • Earn up to 20x reward points on your spending:
  • Get 20 reward points for every Rs. 100 spent on your birthday.
  • Receive 10 reward points for every Rs. 100 spent on groceries, dining, departmental stores, or movies.
  • Earn 2 reward points for every Rs. 100 spent on retail purchases (excluding fuel).

3. Milestone Benefits:

On quarterly purchases exceeding Rs. 50,000, win a Pizza Hut voucher worth Rs. 1,000.
Spend Rs. 5 lakh or more in a year to receive gift vouchers from Pantaloons or Yatra worth Rs. 7,000.
Have your annual fee waived if you spend Rs. 3 lakh or more in the previous year.

4. Travel Benefits:

  • Enjoy a complimentary Trident Privilege Red Tier Membership.
  • Earn 1,000 Welcome Points upon registration.
  • Get an instant 10% discount on hotel bookings made through the hotel’s website.
  • Receive 1,500 bonus points on your first hotel stay and an additional Rs. 1,000 hotel credit for extended stays.
  • Earn 10 points for every Rs. 100 spent on the card at participating hotels.
  • Gain a complimentary Club Vistara Silver Membership and earn 9 Club Vistara points for every Rs. 100 spent.

5. Complimentary Airport Lounge Access:

  • Enjoy four complimentary international airport lounge accesses per year.
  • Benefit from eight complimentary domestic airport lounge accesses annually.

6. Flexipay:

  • Convert transactions of Rs. 2,500 or more into convenient monthly installments using the Flexipay option. Simply use your SBI PRIME Credit Card for the purchase and log in to sbicard.com within 30 days of the transaction.

7. Global Acceptance:

  • Use your SBI PRIME Credit Card at over 24 million outlets worldwide, including 3.25 lakh outlets in India.

8. Card Replacement Facility:

  • Easily replace your lost or stolen SBI PRIME Credit Card from any location across the globe.

9. Add-on Cards:

  • Extend the advantages of your SBI PRIME Credit Card to up to two family members (spouse, parents, children, or siblings aged 18 or older).

SBI Prime Credit Card Fees and Charges

1. Annual Fee: ₹2,999
2. Renewal Fee: ₹2,999
3. Add-On Card Fee: None
4. Cash Advance Fee-

  • Domestic ATMs: 2.5% of the amount withdrawn or ₹500
  • International ATMs: 2.5% of the amount withdrawn or ₹500

5. Finance Charges: 3.50% per month or 42% per annum
6. Payment Dishonor Fee: 2% of the payment amount, with a minimum of ₹450
7. Statement Request Fee: ₹100 per statement (for statements more than 2 months old)
8. Cash Payment Fee: ₹250
9. Late Payment Fee:

  • ₹0 to ₹500 – No charge
  • ₹501 to ₹1,000 – ₹400
  • ₹1,001 to ₹10,000 – ₹750
  • ₹10,001 to ₹25,000 – ₹950
  • ₹25,001 to ₹50,000 – ₹1,100
  • Over ₹50,000 – ₹1,300

10. Cheque Payment Fee: ₹100
11. Over Limit Fee: 2.5% of the over-limit amount, with a minimum of ₹600
12. Rewards Redemption Fee: ₹99
13. Foreign Currency Transaction Fee: 3.50%

SBI Prime Credit Card Eligibility

  • Age: Applicants must be between 21 and 70 years old.
  • Employment: Applicants should either be salaried employees or self-employed individuals.
  • Income: Applicants must demonstrate a reliable source of income.
  • Credit Score: A strong credit score is required, preferably above 750.
  • Residence: Applicants must be residents of India.

Documents Required for SBI Prime Credit Card

  1. A photocopy of your PAN card or Form 60.
  2. Proof of residency, which can be established with a passport, Ration Card, utility bill, Aadhar card, or other acceptable forms of identification.
  3. Additional identification documents, such as PAN card, driving license, Aadhar Card, or other recognized forms of ID.
  4. Income documentation, including your most recent pay stubs, Form 16, and a copy of your income tax return (IT return).
  5. Passport-sized colored photographs of the applicant are also required.

How to apply for SBI Prime Credit Card

  • SBI Card, like other prominent card issuers, provides multiple avenues for individuals to apply for an SBI Credit Card.
  • SBI facilitates applications for the Prime card through both online and offline channels.
  • If you prefer the offline method, you can visit your nearest SBI branch, where you’ll be able to complete the application form. It’s important to ensure you have all the necessary documents readily available, including proof of identity, address verification, and income proof.
  • For those opting to apply for the SBI Prime Card online, follow these straightforward steps:
  1. Visit the official SBI Card website.
  2. Locate the ‘Apply’ section and click on ‘Apply Now.’
  3. You’ll be presented with a list of all available SBI Credit Cards.
  4. Select the SBI Card Prime and click the ‘apply now’ button.
  5. Complete the online application form and proceed to upload all pertinent documents.
  6. After reviewing your application, submit it for processing.

Frequently Asked Questions (FAQs)

1. What is the SBI Prime Credit Card?
The SBI Prime Credit Card is a premium credit card offered by the State Bank of India. It is designed to provide cardholders with a range of exclusive benefits, rewards, and privileges, catering to their lifestyle needs.

2. How can I apply for the SBI Prime Credit Card?
You can apply for the SBI Prime Credit Card online through the official SBI website or by visiting a nearby SBI branch. The application process typically involves submitting necessary documents and meeting eligibility criteria.

3. What are the key features of the SBI Prime Credit Card?
The SBI Prime Credit Card offers features such as milestone rewards, complimentary memberships, dining and travel benefits, fuel surcharge waiver, and more. It is tailored to enhance the overall experience for cardholders.

4. What is the eligibility criteria for the SBI Prime Credit Card?
The eligibility criteria may vary, but generally, applicants should have a good credit score, a stable income, and meet the age requirements specified by SBI. Other factors may also be considered during the application process.

5. What are the annual fees and charges associated with the SBI Prime Credit Card?
The annual fees and charges, including joining fees, renewal fees, and interest rates, are subject to change. It is advisable to check the latest fee structure on the SBI website or contact SBI customer service for the most accurate information.

6. How does the rewards program work on the SBI Prime Credit Card?
The SBI Prime Credit Card comes with a rewards program where cardholders earn points on their purchases. These points can be redeemed for a variety of rewards, including merchandise, gift vouchers, and more. The reward structure may vary for different types of transactions.

7. Are there any travel benefits associated with the SBI Prime Credit Card?
Yes, the SBI Prime Credit Card often includes travel benefits such as complimentary airport lounge access, travel insurance coverage, and exclusive discounts on hotel bookings. Cardholders can refer to the terms and conditions for specific details.

8. Can I get a supplementary card for family members with my SBI Prime Credit Card?
Yes, SBI typically allows cardholders to apply for supplementary cards for their family members. The usage and benefits of the supplementary card may be subject to certain conditions, and the primary cardholder is responsible for all transactions on the supplementary card.

9. How can I check my SBI Prime Credit Card balance and statements?
Cardholders can check their SBI Prime Credit Card balance and statements through online banking, mobile apps, or by contacting the SBI customer service helpline. SBI usually provides multiple convenient options for cardholders to access their account information.

10. What should I do if my SBI Prime Credit Card is lost or stolen?
In case of loss or theft, it’s crucial to report it to SBI immediately. You can contact the 24×7 customer care helpline, and they will guide you through the process of blocking the card and issuing a replacement.