SBI Prime Credit Card

Matching the lifestyle standards is something that people of every age group strive for. Leading a posh life and matching up to what the peer group is doing has become an obsession among most people. Well, there is no harm in doing provided you are careful about the expenditure you make.

There are many credit card options that give you innumerable shopping benefits and other facilities that help you fulfill your objective. One of them is the SBI Prime credit card.

 Quick Look of SBI Prime Advantage Credit Card 

Want to compare with other cards? Visit Compare Credit Cards.

About the SBI Prime Credit Card

The SBI card is an option that allows cardholders to spend as much as they want while giving them lots of opportunities to save and enjoy other monetary benefits. As the name itself suggests, this credit card lets you enjoy a premium lifestyle by offering huge financial benefits. Though the first-time investment is more than what you have to usually pay for other credit cards from SBI, the benefits offered too are more than what the rest of them provide.

You have to pay an annual fee of Rs. 2,999 plus the applicable taxes, which constitutes your first-year fee. The amount remains your renewal fee for the upcoming years until you keep using this SBI Prime credit card. The customers who use the credit card and spend at least Rs. 3 lakh annually, they enjoy a fee waiver as well. This means they won’t have to pay the renewal fee for the upcoming year. Isn’t it great?

So far as the credit limit for the credit card is concerned, it is completely at the discretion of the bank. There are a number of factors that SBI would take into consideration to decide the credit limit, which will include the credit history of users, credit score, repayment behavior for past and present outstanding amounts, etc.

Features of SBI Prime Credit Card

Apart from giving cardholders a chance to enjoy a posh lifestyle and maintain the same while having a balanced financial status, this SBI card Prime version has many other features to exhibit. Let’s have a quick look at them:

Welcome Gifts

As soon as you become a Prime credit card member, you will receive a welcome SMS from the bank on your registered mobile number or email ID accompanied with multiple e-vouchers to choose from within 15 days of the payment of annual fees.

You can redeem the voucher for Bata/Hush Puppies, Shoppers Stop, Pantaloons, etc. You can use the code of your chosen e-voucher at the store and it will get redeemed.

In addition to this, you can also redeem the SBI card Prime code online for Yatra and Shoppers Stop while making a purchase. You will hardly get such an amazing welcome offer for any card from any bank whatsoever it may be.

Contactless

You can use the SBI Prime credit card for daily purchases and that too with ease. How? You can just wave your card to make the payment. During the pandemic, people refrain from coming in contact with anyone.

In such a situation, these cards have emerged to be a great blessing. The cardholders can hold the card themselves and wave the same to make the transaction happen.

No contact or no connection takes place. The shops where the cards are being used should have the relevant card reader and things are done in a blink of an eye.

Fast

Yes, the transactions occur faster. This is because you don’t need to rely on anyone to come, take your card, swipe it for making the payment as you used to do earlier.

You know which machine you need to use it in. You just need to wave the card in front of the reader. from purchasing groceries to buying tickets, you can use these credit cards for all kinds of purchases.

Security

Earlier, you were likely to forget your card on the reception tables or cash counters. However, with the wave and make payment formula, your card never has to leave your hands.

Thus, there are no chances of misplacement or fraud.

Accepted Worldwide

The best thing about this credit card is that it is widely accepted all across the globe. There are 24 million outlets in the world where you can wave this card to make payments. This figure also includes the 3,25,000 Indian outlets.

Add-on Cards

Like other credit cards offered by SBI, this Prime card also has an add-on facility. Hence you can get the add-on cards made for up to 2 members of your family, which could be anyone – your parents, siblings, spouse, or children. However, whoever is the one should be more than 18 years old.

Cash Withdrawal

Having a cash withdrawal facility provided with credit cards is a must these days. You might need cash anytime even on the go. As the SBI Prime credit cardholder, you can withdraw cash from more than 1 million Visa ATMs across the globe.

Easy Bill

Using this credit card, you can pay all your bills, including electricity, phone, and others, thereby getting discounts and other special benefits as and when introduced from time to time.

Flexipay

Like other SBI credit cards, this prime version also gives users a chance to convert the transactions into easy installments. If your transaction limit has reached Rs. 2,500 or beyond, you are eligible for this benefit.

Balance Transfers

Apart from offering huge reward points, this SBI Prime credit card also gives cardholders a chance to accumulate all their outstanding credits in one place and convert them into EMI repayment. The interest rate too is quite low and hence this benefit is widely used across the globe.

Benefits of SBI Prime Credit Card

Prime Rewards

The reward points are many, which is yet another reason behind people opting for the SBI Prime credit card. The users can access and earn two reward points per Rs. 100 purchase except for that on fuel. The best part is that you can repay your outstanding amount to the bank using these reward points. This is one of the most amazing benefits of this SBI card. In this case, you should note that 4 reward points would be equivalent to Re. 1.

Moreover, you will get a 1% fuel surcharge waiver if your transaction amount is between Rs. 500 and Rs. 4,000. This will be your expenditure made across all petrol pumps. The maximum monthly fuel surcharge waiver you are expected to get is Rs. 250 per credit card amount.

The loyalty points are also valid on Utility SI transactions that you make against registrations done using the SBI card platforms.

Milestone Benefits

As soon as you reach the transaction limit of Rs. 50,000, you will receive an e-voucher for Pizza Hut on your registered mobile number within 15 days of it.

For a spend of Rs. 5 lakhs, you will be eligible for a Prime credit card Gift Voucher for Yatra.om/ Pantaloons within 10 days of achieving that transaction limit.

Trident Privilege Membership

There are lots of ravel benefits that you are subject to receive while using this SBI card Prime option. The first is the trident privilege membership. which helps you to instantly save 10% on the bookings you make through the hotel website. Plus, you get 10 points on every Rs. 100 purchase, which is inclusive of the tax, during your stay in the partner hotels.

Club Vistara Membership

The next on the list of travel benefits that are offered by the SBI Prime credit card is the complimentary Club Vistara Silver membership that customers get to enjoy. The best part is that you can enjoy 1 upgrade voucher as well. On every spend worth Rs. 100 on Vistara flights, you earn 9 Club Vistara Points.

Airport Lounge Access

The cardholders get a chance to enjoy 4 complimentary visits to International Priority Lounges in a year. Hence, you can make two visits per quarter to any lounge outside India and enjoy the special treatment. In case you are in India, you can enjoy the same treatment at domestic VISA/Mastercard Lounges and that too 8 times in a year, accounting for a maximum of 2 visits per three months.

Birthday Benefits

The card Prime benefits are innumerable in number but the most special are the birthday benefits these cards offer. You can earn 20 loyalty points per Rs. 100 purchases on your birthday, one day before and one day after. Thus, you are free to shop for yourself this birthday, but remember that the reward points are restricted to 2000 per year.

Mastercard/Visa Privileges

Above all, you can also enjoy 4 complimentary rounds on Green Fees per year. Plus, you can also get 1 complimentary golf lesson in a month at some specific courses in India. Along with this, there are other benefits too that you can enjoy while owning the SBI Prime credit card. Some of these include:

• Special treatment and benefits across 900 luxury hotels across the world
• Receive up to 10,000 miles per night on hotel stay with 25%extra miles on Kaligo.com
• Save 10% on Hertz car rental or a discount of up to 35% on Avis Car Rentals
• Special discount of up to 8% on hotel bookings done through hotels.com for Asia Pacific regions
• Discount of 15% on luxury Airport Transfer Service

Free Insurance

You get free air accident coverage worth Rs. 50 lakh along with security against credit card fraud, providing a coverage of Rs. 1 lakh for primary cardholders. This coverage is applicable 48 hours before the loss is reported to 7 days after the same.

Eligibility Criteria for SBI Prime Credit Card

Though the benefits are many, you can only enjoy them if you are eligible to apply for the SBI Prime credit cards. To know if you qualify, you can check the below-mentioned criteria that make you eligible for making the application:

• You must be between 18 and 70 years of age
• Minimum income for salaried or self-employed individuals should be at least Rs. 32,000 per month

To check the eligibility criteria more accurately, you can:

• Visit SBI’s official website
• On the SBI Credit Cards tab, go to the “Simplifier” page
• You will be asked questions one by one for the bank to know your personal and professional details, including your income and expense-related information.
• You will be required to select your income range and other options
• After you finish answering all the questions, click on “Show My Card”

Documents Required for SBI Prime Credit Card

While applying for this SBI credit card, you need to make sure to accompany the application with the following documents:

• Filled credit card application form.
• A copy of PAN card or Form 60.
• Identity proof – PAN, driving license, Aadhaar Card, etc.
• Income proof – latest payslips, Form 16, IT return copy, etc.
• Residence proof – Passport, Ration Card, electricity bill, Aadhaar, etc.
• Passport size color photographs of the applicant.

However, SBI might ask for some other document as applicable for advanced verification.

For more details, click here.

How to Apply for SBI Prime Credit Card?

There are two ways of applying for the SBI Prime Credit Card – one is through the official website of SBI and another is through us – roopya.com.

Using SBI official website

1. Visit the official website of SBI
2. Click on Credit Cards from the menu bar
3. Scroll down and search for SBI Prime credit card
4. Click on Apply Now for the same
5. Fill in the application form E-Apply tab, asking for your personal, professional, and other details.
6. Click Submit
7. Upload the required documents to continue

 

Using Roopya

1. Go to Roopya.
2. Click on the Credit Cards option from the menu bar
3. Select SBI Bank to be taken to the official website of the bank
4. Select SBI Prime credit card
5. Fill in the application form
6. Click Submit
7. Upload the required documents to continue

 

Once you submit the application with all the documents attached, you will receive an application ID using which you can track your application status.

How to Redeem Reward Points?

As stated above, there are a number of reward points that you receive in lieu of your loyalty towards the bank and its products. If you are looking forward to redeeming the same. here are the steps that you need to follow:

1. Log in to your SBi net banking account
2. Click on Redeem Rewards option that will come across on the main page
3. Choose the category from the available options
4. The total loyalty points would be visible on the left pane
5. Enter your city for the delivery of rewards
6. Choose the quantity for the reward
7. Click Add to Cart
8. Click on Place Order

Fee & Charges

1. Joining Fee – Nil
2. Annual Fee – Rs. 2,999 (one-time)
3. Renewal Fee – Rs. 2,999 (per annum to be paid from the second year)
4. Add-on fee – Nil (per annum)
5. Cash advance fee – 2.5% of the amount withdrawn or Rs. 500 for domestic & overseas ATMs
6. Finance charges – 3.50% per month or 42 % per annum
7. Cash payment fee – Rs. 199 + taxes applicable
8. Payment dishonor fee – 2% of the amount payable or a minimum of Rs. 450
9. Late payment fee
10. Upto Rs. 500 – Nil
11. Rs. 501 to Rs. 1, 000 – Rs. 400
12. Rs. 1,001 to Rs. 10,000 – Rs. 750
13. Rs. 10,001 to Rs 25,000 – Rs. 950
14. Rs. 25,001 to Rs. 50,000 – Rs. 1,100
15. Above 50,000 – Rs. 1,300
16. Statement Request Fee – Rs. 100 per statement, which is 2 months old or more
17. Card Replacement Fee – Rs. 100 to Rs. 250
18. Cheque payment charge – Rs. 100
19. Over-limit charges – 2.5% of the over-limit amount or a minimum of Rs. 600
20. Reward Redemption Fee – Rs. 99
21. Foreign Currency Transaction Fee – 3.50%

FAQs

What are the benefits of SBI prime credit card?

The benefits include:

• Multiple e-vouchers to choose from within 15 days of the payment of annual fees. You can redeem the voucher for Bata/Hush Puppies, Shoppers Stop, Pantaloons, etc. You can use the code of your chosen e-voucher at the store and it will get redeemed.
• You can also redeem the SBI card Prime code online for Yatra and Shoppers Stop while making a purchase.
• You can just wave your card to make the payment.
• You don’t need to rely on anyone to come, take your card, swipe it for making the payment as you used to do earlier. You know which machine you need to use it in.
• With the wave and make payment formula, your card never has to leave your hands. Thus, there are no chances of misplacement or fraud.
• There are 24 million outlets in the world where you can wave this card to make payments. This figure also includes the 3,25,000 Indian outlets.
• You can get the add-on cards made for up to 2 members of your family, which could be anyone – your parents, siblings, spouse, or children. However, whoever is the one should be more than 18 years old.
• You can withdraw cash from more than 1 million Visa ATMs across the globe
• Convert the transactions into easy installments. If your transaction limit has reached Rs. 2,500 or beyond, you are eligible for this benefit.
• This SBI Prime credit card also gives cardholders a chance to accumulate all their outstanding credits in one place and convert them into EMI repayment.
• Earn two reward points per Rs. 100 purchase except for that on fuel. The best part is that you can repay your outstanding amount to the bank using these reward points. This is one of the most amazing benefits of this SBI card. In this case, you should note that 4 reward points would be equivalent to Re. 1.
• Moreover, you will get a 1% fuel surcharge waiver if your transaction amount is between Rs. 500 and Rs. 4,000. This will be your expenditure made across all petrol pumps. The maximum monthly fuel surcharge waiver you are expected to get is Rs. 250 per credit card amount.
• The loyalty points are also valid on Utility SI transactions that you make against registrations done using the SBI card platforms.
• As soon as you reach the transaction limit of Rs. 50,000, you will receive an e-voucher for Pizza Hut on your registered mobile number within 15 days of it.
• For a spend of Rs. 5 lakhs, you will be eligible for a Prime credit card Gift Voucher for Yatra.om/ Pantaloons within 10 days of achieving that transaction limit.
• The trident privilege membership helps you to instantly save 10% on the bookings you make through the hotel website. Plus, you get 10 points on every Rs. 100 purchase, which is inclusive of the tax, during your stay in the partner hotels.
• Through Club Vistara Membership, customers become silver members. The best part is that you can enjoy 1 upgrade voucher as well. On every spend worth Rs. 100 on Vistara flights, you earn 9 Club Vistara Points.
• The cardholders get a chance to enjoy 4 complimentary visits to International Priority Lounges in a year. You can enjoy the same treatment at domestic VISA/Mastercard Lounges and that too 8 times in a year, accounting for a maximum of 2 visits per three months.
• Earn 20 loyalty points per Rs. 100 purchases on your birthday, one day before and one day after. Remember that the reward points are restricted to 2000 per year.
• Special treatment and benefits across 900 luxury hotels across the world
• Receive up to 10,000 miles per night on hotel stay with 25%extra miles on Kaligo.com
• Save 10% on Hertz car rental or a discount of up to 35% on Avis Car Rentals
• Special discount of up to 8% on hotel bookings done through hotels.com for Asia Pacific regions
• Discount of 15% on luxury Airport Transfer Service
• You get free air accident coverage worth Rs. 50 lakh along with security against credit card fraud, providing a coverage of Rs. 1 lakh for primary cardholders.

What is the annual fee for SBI prime credit card?

You have to pay an annual fee of Rs. 2,999 plus the applicable taxes, which constitutes your first-year fee.

Is the SBI Prime card good?

Yes, it is given the features and benefits it offers.

What is the credit limit for SBI prime credit cards?

The credit limit for the credit card is completely at the discretion of the bank. There are a number of factors that SBI would take into consideration to decide the credit limit, which will include the credit history of users, credit score, repayment behavior for past and present outstanding amounts, etc.

How Redeem Reward Points of SBI Prime Credit Card?

The steps are as follows:

1. Log in to your SBi net banking account
2. Click on Redeem Rewards option that will come across on the main page
3. Choose the category from the available options
4. The total loyalty points would be visible on the left pane
5. Enter your city for the delivery of rewards
6. Choose the quantity for the reward
7. Click Add to Cart
8. Click on Place Order

How to Apply for the SBI Prime Card Online?

Using SBI official website

1. Visit the official website of SBI
2. Click on Credit Cards from the menu bar
3. Scroll down and search for SBI Prime credit card
4. Click on Apply Now for the same
5. Fill in the application form E-Apply tab, asking for your personal, professional, and other details.
6. Click Submit
7. Upload the required documents to continue

 

Using Roopya

1. Go to roopya.com
2. Click on the Credit Cards option from the menu bar
3. Select SBI Bank to be taken to the official website of the bank
4. Select SBI Prime credit card
5. Fill in the application form
6. Click Submit
7. Upload the required documents to continue

What are the rewards on the SBI Prime Credit Card?

• Earn two reward points per Rs. 100 purchase except for that on fuel. The best part is that you can repay your outstanding amount to the bank using these reward points. This is one of the most amazing benefits of this SBI card. In this case, you should note that 4 reward points would be equivalent to Re. 1.
• Moreover, you will get a 1% fuel surcharge waiver if your transaction amount is between Rs. 500 and Rs. 4,000. This will be your expenditure made across all petrol pumps. The maximum monthly fuel surcharge waiver you are expected to get is Rs. 250 per credit card amount.
• The loyalty points are also valid on Utility SI transactions that you make against registrations done using the SBI card platforms.