The SBI Card PRIME is a multipurpose credit card that provides advantages in the categories of dining, travel, shopping, hotels, rewards, and more. With this card, you can receive 2 reward points for every Rs. 100 spent on eating, groceries, and department store purchases, and 10 reward points for every Rs. 100 spent on other expenditures. The effective reward rate for the card is 2.5% on eating, grocery, and department store categories and 0.5% on all other expenditure categories, with 1 Reward Point valued at Rs. 0.25.
The card is a fantastic choice for high-spenders because it offers accelerated earnings on everyday spend categories including groceries, dining out, and department stores. Among the travel benefits available to cardholders are complimentary memberships to Club Vistara, Priority Pass, and Trident Red Tier.
Similar to the ELITE Card, the SBI Card Prime is available in three versions: VISA, American Express, and MasterCard. The payment networks do give certain unique benefits on each of their three varieties, even if the reward rate and perks provided by each are essentially the same. Continue reading to find out more about this card.
Key Highlights of SBI Prime Credit Card |
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| Best Suited For | Travel, shopping & rewards |
| Joining Fee | Rs. 2,999 |
| Annual Fee | Rs. 2,999 (Waived off on spending Rs. 3 lakh in a year) |
| Welcome Benefit | Welcome e-gift Voucher worth Rs. 3,000 from any of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com |
| PRIME Rewards | Get 10 Reward Points per Rs.100 spent on Dining, Groceries, Departmental stores and Movies |
| Birthday Benefit | Enjoy 20 Reward Points per Rs. 100 spent on your birthday. |
| Club Vistara Membership | Enjoy Complimentary Club Vistara Silver membership |
| Milestone Benefits | Get Pizza Hut e-Voucher worth Rs. 1,000 on achieving spends of Rs. 50,000 in a calendar quarter |
| Best Feature | 10 reward points for every Rs. 100 spent on dining, groceries, departmental stores and movies |
Suggested Read : 10 Best SBI Credit Cards in India
The SBI Prime Credit Card offers a range of benefits on multiple categories such as dining, grocery, travel, golf, fuel, and more. Here are some key advantages of the SBI Prime Credit Card:
This credit card offers e-gift vouchers worth Rs. 3,000 of top brands as per the below details:
Also read: Top Credit Cards with Best Welcome Benefits
This credit card allows you to earn up to 20 reward points for every transaction, making it one of the top rewards cards available. Additionally, you have the option to use your accumulated reward points to pay off your credit card bills. Here are the details:
Reward Points Redemption
| How to Redeem SBI Reward Points? |
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If you visit the official SBI Card website, you can use the reward points you've earned on your credit cards online. Visiting the partner merchant store is another way to redeem them. For an alternative method of redeeming your reward points, you can also call the SBI Card helpdesk 39020202 (prefix local STD code). Up until a specified limit, points can be redeemed in multiples of 2000. |
Must read: Best Rewards Credit Cards in India
When you reach spending milestones with this credit card, you can enjoy additional benefits, including complimentary vouchers and a renewal fee waiver. Here's what you get:
The benefits of using the Mastercard version for golf are as follows:
This credit card provides primary cardholders with complimentary memberships, including Trident Privilege Red Tier Membership, Club Vistara Membership, and access to both international and domestic airport lounges. These memberships come with exclusive discounts and privileges, as outlined below:
Complimentary Trident Privilege Red Tier Membership
Complimentary Club Vistara Membership
Suggested read : Best Travel Credit Cards In India
In addition to the previously mentioned benefits, this credit card also provides exclusive privileges for Visa cardholders. Here are some of the additional benefits offered by the SBI Card Prime:
Here are the annual fees and other charges associated with the SBI Prime Credit Card:
| Title | Details | |
|---|---|---|
| Joining Fee | Rs. 2,999 | |
| Annual/ Renewal Fee | Rs. 2,999 (Waived off on spending Rs. 3 lakh in a year) | |
| Finance Charges | 3.5% p.m. (42% p.a.) | |
| Add-On card fee | NIL | |
| Cash advance fee |
2.5% of the amount withdrawn or Rs.500 (Domestic ATMs) 2.5% of the amount withdrawn or Rs.500 (International ATMs) |
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| Late Payment Charges** |
For Statement Balance
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| Payment dishonor fee | 2% of the payment amount; minimum of Rs.450 | |
| Statement request | Rs.100 per statement (more than 2 months old) | |
| Cash payment fee | Rs. 250 | |
| Cheque payment fee | Rs. 100 | |
| Rewards redemption fee | Rs. 99 | |
| Foreign currency transaction | 3.50% | |
| Over limit fee | 2.5% of the over limit amount; minimum of Rs.600 | |
**If you fail to pay the Minimum Amount Due (MAD) by the due date for two consecutive cycles, an additional Late Payment Charge of Rs. 100 will be imposed. This charge will persist and be applied in each subsequent payment cycle until the MAD is settled.
Eligibility Criteria of SBI Credit Card Prime
If you want to be approved for the SBI PRIME credit card, you must meet the following basic eligibility requirements:
Documents Required to Apply for SBI Prime Credit Card
Here are some of the Best credit cards that provide benefits similar to the SBI Card Prime:
| Credit Card | Annual Fee | Key Feature |
|---|---|---|
| IndusInd Bank Legend Credit Card | Nil | 2 reward points for every Rs. 100 spent on weekends |
| ICICI Bank Sapphiro Credit Card | Rs.3.500 | Up to 4 PAYBACK points on every Rs. 100 spent |
| HDFC Diners Club Privilege Credit Card | Rs. 2,500 | Up to 10X reward points on your spends via SmartBuy |
| HDFC Regalia Credit Card | Rs. 2,500 | 4 reward points per Rs. 150 spent at retail purchases |
| Axis Bank Select Credit Card | Rs. 3,000 | 10 EDGE points per Rs. 200 spent |
You have the option to compare and apply for SBI Prime Credit Cards conveniently online through MybankingTips. Here are the steps to do so:
Use any of the following methods to find out the status of your SBI Prime card if you have already applied:
If you want a credit card that offers premium benefits in a variety of categories but don't want to pay a high annual fee, the SBI Prime Credit Card is one of the best options available to you. The features that come with this credit card are very good, and it costs just Rs. 2,999. This credit card offers free access to domestic and international lounges, special memberships, e-gift cards, milestone benefits, up to 10X reward points on specific categories, and many other benefits.
The Rs. 2,999 registration fee for this card is reasonable for the Rs. 3,000 in welcome benefits it gives. In general, this card might be a suitable choice for you if you travel regularly and require access to airport lounges or wish to take use of luxurious features like hotel stays, car rentals, airport transfer services, etc.
Also read: Best Co-branded Credit Cards in India
Depending on the customer, the SBI Card Prime credit limit may vary. This card has no set credit limit; instead, it is entirely dependent on the individual's credit history and historical payment patterns. At first, your credit limit might be reduced, but if you use your Prime card frequently and don't miss any payments or use it excessively, there's a good possibility your card issuer will give you a greater limit.
You can ask your card issuer to raise your credit limit if you think the amount available on your SBI Prime Card is insufficient. You have two options for doing this: go to the closest branch in the area or get in touch with SBI Card customer service. However, to increase your credit limit and have your card issuer believe you, make sure you are using your credit card wisely.
| Advantages | Disadvantages |
|---|---|
| The Rs. 2,999 annual charge is refunded after the minimum spend is met. | The card is a fantastic choice for people who enjoy spending money on lifestyle-related categories because it gives interesting benefits in a variety of lifestyle categories, including dining, entertainment, golf, etc. |
| For individuals who are unable to afford the Rs. 2,999 yearly cost, the card may not be the best option. | It would be better to increase the basic reward rate (2 RPs for every Rs. 100 spent). |
Activate your Prime SBI credit card or set up its PIN using your preferred method from the list below:
You need to do the following few easy actions in order to register your SBI Prime Card for internet banking:
Paying your SBI Prime Credit Card bills on time will help you keep your credit score high and avoiding debt consolidation. You need to know how to pay your credit card bills in several ways in order to ensure that you always pay your bills on time. This way, you can use the second option in case your first method isn't working. The easy methods listed below can help you pay your SBI Prime Card bill:
By logging into your SBI Card account and selecting the 'Card Activation' option found under the 'Requests' menu, you can activate your credit card. Next, in order to activate your credit card, you must choose it and click the activation button. In addition, you can use the SBI Credit Card mobile app to activate it.
You have two options for paying your SBI credit card bill: online and offline. You can use services like Visa credit card pay, debit card, National Automated Clearing House (NACH), electronic bill payment, NEFT, etc. to pay your credit card bill online. Credit card bills can be paid offline with cash, cheque, demand drafts, and SBI ATMs.
To be eligible to apply for an SBI Prime Card, salaried individuals must be at least 21 years old, and self-employed individuals must be at least 25 years old. This credit card is also available for application from retired pensioners who are between the ages of 40 and 70.
By visiting the following URL to monitor the progress of your SBI Prime credit card application: https://www.sbicard.com/en/eapply.page#track-retrieve-form, where you can input your application number or reference number in the "Track Application" box and click "Track."
Yes, with your SBI Card Prime, you are eligible to apply for up to two add-on cards. For add-on credit cards, the bank doesn't charge any fees. All of your credit cards will, however, be merged into a single monthly statement that you receive from SBI.
Yes, you may apply for this credit card both offline and online. You may speak with an executive at any of the nearby SBI Bank offices to apply offline. You can apply online by visiting the SBI Card official website and completing an application.
If you make transactions between Rs. 500 and Rs. 4,000, you are eligible to receive a 1% waiver of the fuel cost. However, you are eligible for a monthly limit of Rs. 250 in fuel fee waiver. You can use this for all of your transactions at Indian gas stations.
Your application for the SBI Prime card may have been denied for a number of reasons, including the possibility that you did not meet the necessary requirements. The bank has the right to refuse your application if your credit score is low or if you do not withdraw the required amount each month. The bank has the right to reject your application if you are unable to provide the necessary documentation.
In India, you can contact the bank's 24-hour helplines at 1860 180 1290 or 39 02 02 02 (prefix local STD code) to report losing your SBI PRIME Credit Card right away. Call the country-specific Visa hotline number to report a lost or stolen card if you are traveling abroad. Visit the SBI or Visa websites to view a list of toll-free numbers from over 70 countries.
Yes, you are able to use the card anywhere in the world. Worldwide, more than 24 million locations accept the SBI Card PRIME. Each time you use the card abroad, there will be a foreign transaction fee that can be as much as 3.5% of the total transaction value.
Yes, you can transfer the balance due on other bank credit cards to your SBI PRIME Credit Card using the balance transfer on EMI feature of the SBI PRIME Credit Card. After the money is sent, you can repay it over different tenure periods at a reduced interest rate in convenient monthly payments.
Yes, swipe-free transactions at POS terminals are made possible by the contactless technology that powers the SBI PRIME Credit Card.
Customers using SBI Credit Cards can reach customer support by calling 1800-11-2211 or 1800-425-3800, which is a toll-free number. The other SBI Credit Card customer service number, (STD Code) 39020202, is also available for use. On this number, standard call fees might be applicable.
The SBI Prime Card has an interest rate of 3.50% per month, or 42% annually.
When you use the SBI Prime Credit Card, you can receive a complimentary Priority Pass membership. You can visit more than 1,000 domestic and international lounges worldwide with the subscription. Priority Pass is complimentary for the first four visits made with this card; after that, there is a $27 usage cost each time you wish to use Priority Pass to access a lounge.
Yes, you can use your SBI Credit Card Prime to make cash withdrawals. However, each time you use your SBI Prime Card to withdraw cash, you will be charged a fee equal to 2.5% of the amount withdrawn (minimum of Rs. 500).
The cardholder will be responsible for paying a foreign markup fee of 3.5% of the transaction value for each foreign transaction made using the card.
Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:
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