Spar SBI Card PRIME

SBI Card recently introduced a credit card in partnership with Spar Hypermarket, a well-known brand under the Landmark Group. Spar Hypermarket specializes in offering a wide range of products, including groceries, staples, household essentials, and personal care items. The newly launched co-branded card allows users to earn rewards on all their expenditures, with additional bonus points granted when making purchases at Spar and its affiliated landmark stores.

Key Highlights of Spar SBI Card PRIME

  1. Annual Membership Fee: Rs. 2,999
  2. Earn up to 15 reward points for every retail spend
  3. Receive a welcome gift of 12,000 bonus reward points
  4. Enjoy Priority Pass Membership with 4 complimentary visits annually
  5. Get 8 free access passes to domestic lounges each year
  6. Milestone benefits offer the opportunity to accumulate up to 58,000 reward points

Features and Benefits of Spar SBI Card PRIME

The Spar SBI Card PRIME offers several features and benefits:

1. Welcome Offer: Receive a cashback of Rs.100 by making your first ATM withdrawal within 30 days of receiving your credit card.

2. Contactless Advantage:

  • Enjoy fast and convenient contactless payments by waving your Spar SBI Card Prime at a secured reader.
  • Benefit from enhanced security as the card never leaves your hand during transactions, minimizing the risk of misplacement. The unique security key feature of Visa payWave ensures secure transactions even if the card is swiped multiple times.

3. Accepted Worldwide:

  • Access 24 million outlets globally, including 3.25 lakh outlets in India.
  • Use the card at any outlet accepting Visa cards.

4. Add-On Cards: Avail add-on credit cards for family members aged 18 years and above.

5. Withdraw Cash Globally: Withdraw cash from over 1 million ATMs worldwide.

6. Payment of Utility Bills: Utilize the Easy Bill Pay facility to pay utility bills.

7. Balance Transfer on EMIs: Transfer existing credit card dues from other banks to Spar SBI Card Prime and clear them with lower interest EMIs.

8. Flexipay: Convert transactions of Rs.2,500 and above into easy monthly installments using Flexipay. Log in to sbicard.com within 30 days of the transaction to avail this facility.

9. Easy Money Facility: Obtain a cheque or demand draft against your cash limit through the Easy Money facility, delivered to your communication address.

10. Welcome Benefits: Earn 12,000 reward points (equivalent to Rs.3,000) upon payment of the annual fee.

11. Reward Benefits:

  • Earn 15 reward points for every Rs.100 spent at online and retail landmark stores.
  • Earn 10 reward points for every Rs.100 spent on movies and dining.

12. Milestone Benefits:

  • Receive 20,000 reward points annually on spending Rs.5 lakh on retail.
  • Cumulative milestone benefits of up to 58,000 reward points worth Rs.14,500.

13. Fuel Surcharge Waiver: Get a 1% waiver on fuel surcharge for spending between Rs.500 and Rs.4,000 at any petrol pump in India.

14. Renewal Benefits: Earn 12,000 reward points worth Rs.3,000 on paying renewal fees.

15. Reward Redemptions: Convert reward points to Landmark Rewards at a rate of 1 Landmark Reward to 0.60.

16. Domestic Airport Lounge Access: Enjoy up to 8 complimentary visits to any airport lounge in India, with a limit of 2 visits per quarter to domestic airport lounges.

17. Complimentary Priority Pass Membership: Apply for complimentary Priority Pass membership worth $99, including up to 4 free visits annually and 2 visits per quarter.

Spar SBI Card PRIME Fees and Charges

Explore the fee structure for the Spar SBI Card PRIME and discover the financial advantages that come with it.

1. Annual Fee:

  • Cost: Rs. 2,999 + GST

2. Renewal Fee:

  • Cost: Rs. 2,999 + GST

3. Finance Charges:

  • Monthly Rate: 3.50%
  • Annual Rate: 42%

4. Late Payment Fee (Based on Statement Balance):

  • Below Rs. 500: Nil
  • Rs. 500 to Rs. 1,000: Rs. 400
  • Rs. 1,000 to Rs. 10,000: Rs. 750
  • Rs. 10,000 to Rs. 25,000: Rs. 950
  • Rs. 25,000 to Rs. 50,000: Rs. 1,100
  • Above Rs. 50,000: Rs. 1,300

Eligibility Criteria for Spar SBI Card PRIME

Here are essential criteria for applying for an Spar SBI Card PRIME:

  1. Age eligibility: Individuals aged between 18 and 60 years can avail of these benefits and features.
  2. Occupational inclusivity: The advantages extend to both salaried employees and self-employed individuals, ensuring broad accessibility across different occupations.

Documents Required for Spar SBI Card PRIME

To apply for the Spar SBI Card PRIME, you will typically need to provide the following documents:

1. Proof of Identity:

  • PAN Card
  • Aadhaar card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card

2. Proof of Address:

  • Aadhaar card
  • Driver’s License
  • Passport
  • Job card issued by NREGA
  • Bank Account Statement
  • Any other government-approved address proof

3. Proof of Income:

  • Latest one or two salary slips (not more than 3 months old)
  • Latest Form 16
  • Last 3 months’ bank statement

How To Apply for Spar SBI Card PRIME?

Follow these steps to apply for the Spar SBI Card PRIME:

1. Convenient Online Application Process:

  • Easily apply for the Spar SBI Card Prime by visiting the SBI Card website.
  • Navigate to the ‘Credit Cards’ section and select ‘Shopping’ from the menu.

2. User-Friendly Application Form:

  • Locate Spar SBI Card Prime from the displayed list of credit cards.
  • Access the ‘Apply Now for Spar SBI Card Prime’ section to input essential details like your name, email ID, city, and mobile number.

3. Secure Verification Process:

  • Enhance security by verifying your details through a One-Time Password (OTP) sent to your registered mobile number.

4. Opt-In Communication:

  • Customize your experience by choosing to allow SBI Card officials to contact you regarding your credit card application.

5. Effortless Submission:

  • Finalize your application by clicking on ‘Apply Now’ and submitting your Spar SBI Card Prime application online.

6. Alternative Application Method:

  • Simplify the process further by sending an SMS with the text SPAR to 5676791 from your registered mobile number to apply for Spar SBI Card Prime.

Frequently Asked Questions (FAQs)

1. What is Spar SBI Card PRIME?

  • Spar SBI Card PRIME is a credit card offering from SBI Card that provides exclusive benefits and features tailored for shopping enthusiasts.

2. How can I apply for Spar SBI Card PRIME?

  • You can apply for Spar SBI Card PRIME by visiting the SBI Card website, selecting ‘Credit Cards,’ choosing ‘Shopping,’ and clicking on ‘Apply Now for Spar SBI Card PRIME.’ Alternatively, you can SMS SPAR to 5676791 from your registered mobile number.

3. What information is required during the application process?

  • To apply, you need to provide details such as your name, email ID, city, and mobile number. Additionally, you will need to verify your details through a One-Time Password (OTP) sent to your registered mobile number.

4. What benefits does Spar SBI Card PRIME offer?

  • Spar SBI Card PRIME provides a range of benefits, including exclusive rewards on shopping, discounts, and other privileges. Check the official SBI Card website or promotional materials for the latest details on benefits.

5. Is there an annual fee for Spar SBI Card PRIME?

  • Details about fees and charges, including the annual fee, can be found on the SBI Card website or in the terms and conditions provided during the application process.

6. How do I track the status of my Spar SBI Card PRIME application?

  • You can check the status of your application on the SBI Card website or contact the customer service helpline for updates.

7. What are the additional features of Spar SBI Card PRIME?

  • Spar SBI Card PRIME may offer additional features such as milestone rewards, fuel surcharge waiver, and special privileges with partner merchants. Refer to the card’s terms and conditions for a comprehensive list of features.

8. Can I link Spar SBI Card PRIME to my mobile banking app?

  • Yes, once your Spar SBI Card PRIME is approved and issued, you can typically link it to your mobile banking app for easy management and tracking of transactions.

9. How do I contact customer support for Spar SBI Card PRIME?

  • For any queries or assistance, you can contact the SBI Card customer support helpline, the details of which are available on the official SBI Card website and in the card documentation.

10. Are there any special offers or promotions associated with Spar SBI Card PRIME?

  • SBI Card periodically introduces special offers and promotions. Keep an eye on the official website, promotional emails, or SMS alerts for information on the latest offers associated with Spar SBI Card PRIME.