SBI Prime Credit Card Review

SBI (State Bank of India), the largest public sector bank in India, offers a wide assortment of products in the credit cards segment. Every card has its unique features, but here we will discuss SBI Prime Credit Card.SBI Prime Credit Card Review

  • SBI Prime Credit Card Joining/Annual Fee: Rs. 2,999
  • Fees Waiver: If cardholder spends Rs. 3 Lakhs in one year from the date of Activation of Card, then the Renewal fee of Rs. 2999 will be waived off.
  • APR: 40.20%
  • Annual Bonus: Vouchers worth Rs. 11,000
  • Foreign Transaction Fee: Conversion markup: 3.5%
  • 4 complimentary visits per year to International Priority Pass Lounges.
  • 8 complimentary visits per year to Domestic Lounges.
  • SBI Prime Credit Card Eligibility Criteria – One can get this credit card for a fixed deposit of 45,000 INR with SBI / With Annual Salary of around 4-5 Lakh and above.
  • Prime Credit Card E Brochure Pdf File.

Welcome GiftSBI Prime Credit Card welcome vouchers

SBI Prime Credit Card welcomes you on board with a gift value Rs.3,000 from famous online and offline brands including Shoppers Stop, Bata/Hush Puppies, and Marks and Spencer.

  • You will receive an SMS to choose from e-voucher options within 15 days of annual fees payment. The e-voucher will be sent to your registered mobile number/e-mail ID, within 5 days of the request.

SBI Prime Credit Card Features and Benefits

PRIME RewardsSBI Prime Credit Card Rewards

  • Earn 20 Reward Points per Rs.100 spent on standing instructions of Utility Bills payments (5% Value)
  • Get 20 Reward Points per Rs.100 spent: All spends on your birthday (5% Value)
  • You get 15 RP per Rs.100 spent on BigBasket (3.75% Value)
  • Earn 10 Reward Points per Rs.100 spent on Groceries, Dining, Movies and Departmental Stores (2.5% Value)
  • All other spends: 2 Reward Points per Rs.100 (0.50% Value)
  • 1 Reward Point Value is Rs.0.25 (adjusted as statement credit)

Milestone BenefitsSBI Prime Credit Card Milestone benefits

  • Pizza Hut e-Voucher worth 1,000 on spending Rs. 50,000 in a calendar quarter.
  • 7,000 E-Gift Voucher from Yatra.com and Pantaloons on spending Rs. 5 Lakhs.
  • Waiver of Renewal Fee on yearly spends of Rs. 3 Lakhs.

Airport Lounge Access

  • International: 4 complimentary visits per year to International Priority Pass Lounges, outside India (maximum: 2 visits per quarter).

For International Airport Lounge list visit Priority Pass WebsiteSBI Prime Credit Card Domestic Lounge access

  • National: 8 complimentary visits per year to Domestic VISA or Mastercard Lounges in India (maximum: 2 visits per quarter).

For SBI Prime Credit Card lounge access list visit visasignature.com/worldcard.mastercard.com

Trident Privilege Membership

  • With the SBI Prime Credit Card, you can enjoy complimentary Trident Privilege Red Tier Membership.
  • On your first stay you can enjoy 1,500 Bonus Points and additional Rs. 1,000 hotel credit on an extended night stay, by using promo code: SBITH.
  • On registration get exclusive 1,000 Welcome Points.

Club Vistara Membership

  • Complimentary Club Vistara Silver membership.
  • You get 1 complimentary Lounge Access Voucher as well as 1 Upgrade Voucher.
  • Get 9 Club Vistara Points for each Rs. 100 spent on Vistara flights.

Air Accidental Liability Cover

  • In this cover, if any unlucky situation happens, that cardholder dies in Air Accident then his/her Beneficiary can get up to 50 Lakhs as insurance claim cover from SBI Prime Credit Card.

Fraudulent Activity Cover

  • If any fraudulent activity happens against the Credit Card, then approx Rs. 1 Lakhs loss is covered by the SBI.

Some more features of SBI Prime Credit Card are as following

  • Finance charges – Up to 3.35% for each month, accounting to 40.2% per year from the transaction.
  • 1% fuel add-on waiver for every transaction between Rs. 500 and Rs. 4,000.
  •  Maximum Surcharge Waiver of Rs.250/month/Credit card.
  • Birthday Benefit: You can enjoy 20 Reward Points for Rs. 100 spent on your birthday.
  • SBI Prime card is safe and secure: This is chip and pin enabled credit card that enhances the security against counterfeiting.

SBI PRIME Credit Card: How to get the best maximize value?

SBI PRIME Credit Card is a perfect card for you if can manage to pay an annual fee of INR 2,999. Let’s consider spend of 5 Lakhs in a year:

  • If you spend on categories with 5% value then you save: Rs. 25,000 as Reward points
  • You get Rs.7,000 worth Yatra or Pantaloons voucher (5L Spend)
  • You get Rs.4,000 worth pizza Hut vouchers (given quarterly spends are reached)
  • Hence, Total Savings: Rs.36,000 on 5L spend which is ~7% Reward Rate.

Brief comparison of SBI Prime Credit Card and SBI Elite Credit Card

SBI PRIME CREDIT CARD
SBI ELITE CREDIT CARD
Annual savings – Rs. 30,000 Annual Savings – Rs. 33,000
Annual fee: 2999 Annual fee: 4999 INR
Welcome gift e-Voucher worth Rs. 3000 Welcome gift worth Rs. 5,000
10X Rewards on Birthday and 7.5X Rewards on Preferred Partners 5 X on Dining, Grocery and Departmental Spends
4 complimentary visits to International Lounges under Priority Pass Program 6 complimentary visits to International Lounges under Priority Pass Program
Offers spend linked gift vouchers worth Rs. 11,000. Enables you to get free movie tickets worth Rs. 6,000 every year.

So, selecting a credit card is totally depend that what your needs are or which category you are looking at. Hence, select the SBI card as per your choice and get numerous benefits.

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