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Landmark Rewards SBI Card PRIME
Travel
Shopping
Rewards
1st Year Fee: ₹2,999* Plus Applicable Taxes
Co-branded
6.25% savings at Landmark Stores
Reward Points
5X rewards on dining & movies
Lounge Access
8 domestic lounge visits yearly
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About Landmark Rewards SBI Card PRIME
Landmark Rewards SBI Card PRIME is the premium variant of other co-branded cards offered by Landmark and SBI Card. The card offers 6.25% value-back on spends at Landmark stores, including Lifestyle, Home Centre, Max, Spar, Babyshop, and EasyBuy. Besides this, it also offers 2.5% value-back on dining and movies, making it a suitable option for everyday spends. However, cardholders can redeem accumulated reward points only at Landmark stores, at a value of 1 RP = Rs. 0.25.
Apart from shopping, this credit card also caters to frequent travellers with 5X rewards on international spends along with complimentary domestic and international lounge visits. However, it charges a high forex markup fee of 3.5%, which almost nullifies the value gained from 5X rewards on international spends.
In addition to this, it offers welcome and renewal benefits worth Rs. 3,000 every year, along with a milestone benefit of 20,000 bonus reward points. Overall, this credit card is a suitable option for consumers seeking decent value-back at Landmark stores along with reasonable travel and everyday benefits.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit SBI Card’s website.
Rewards Program
Reward Earning
- 25 reward points for every Rs. 100 spent at Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy)
- 10 reward points for every Rs. 100 spent at Dining, Movies & International Spends
- 2 reward points per Rs. 100 spent on other purchases (Non fuel)1
Reward Redemption
- Redeem accumulated reward points on spends at Landmark Stores at a value of 1 Reward Point = Rs. 0.25
Travel & Other Benefits
Lounge Access
- 8 complimentary domestic airport lounge visits every year (Max. 2 per quarter)
- Complimentary Priority Pass Membership with 4 complimentary international lounge visits per year (Max. 2 per quarter)
Welcome & Renewal Benefits
- 12,000 reward points worth Rs. 3,000 after the payment of joining & annual fee
Milestone Benefit
- 20,000 bonus reward points on spending Rs. 5 Lakh in a year
Fuel Benefit
- 1% fuel surcharge waiver on fuel spends between Rs. 500 and Rs. 3,000, capped at Rs. 100 per month
Landmark Rewards SBI Card PRIME: Fees & Charges
| Particulars | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 2,999 + Applicable Taxes | ||||||||||||||
| Annual Fee | Rs. 2,999 + Applicable Taxes | ||||||||||||||
| Finance Charges | 3.75% p.m. (45% p.a.) | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You frequently shop at Landmark stores, such as Lifestyle, Home Centre, Max, Spar, Babyshop, and EasyBuy
You can spend Rs. 5 Lakh in a year to maximize overall value-back through milestone benefits
You travel frequently and want a card that offers reasonable lounge access benefits
You are comfortable redeeming accumulated reward points exclusively at Landmark stores
Other Similar Credit Cards
Paisabazaar Review
What do we like about this card?
Landmark Rewards SBI Card PRIME is a decent option for consumers who frequently shop at Lifestyle, Home Centre, Max, Spar, Babyshop, and EasyBuy with 6.25% savings on these brands. Besides this, despite being a co-branded card, it also offers 5X reward points on everyday categories like dining and movies, which further enhances its overall value. Frequent travellers can also avail complimentary lounge visits along with accelerated rewards on overseas spends. Overall, this credit card is a suitable choice for consumers who prefer to spend within the Landmark ecosystem and want to maximize their savings.
Pros
- 6.25% value-back on spends at Landmark stores
- 5X reward points on dining, movies, and international spends
- Complimentary domestic and international lounge visits
- Welcome and renewal benefits worth the joining/annual fee
- 20,000 bonus reward points as a milestone benefit
Cons
- High forex markup fee of 3.5%
- Low base reward rate of 0.5%
- Low reward redemption value of 1 RP = Rs. 0.25
- Reward redemption limited only to Landmark store spends
Conclusion
Landmark Rewards SBI Card PRIME offers decent value-back on spends at partner brands and everyday categories. While most co-branded cards offer a 1:1 reward redemption ratio against partner brands, this credit card comes with a lower redemption ratio of 4:1, which affects its overall value. Despite this, consumers who frequently shop at Landmark stores can still maximize benefits by redeeming the accumulated reward points on partner store spends.
Frequently Asked Questions
Everything you need to know about this credit card
Landmark Rewards SBI Card is the entry-level variant offering basic value-back at Landmark stores. The Select variant offers higher rewards on shopping and a few additional benefits. The PRIME variant is the premium option, offering the highest value-back, milestone benefits, lounge access, and accelerated rewards on everyday spends.
No, reward points earned through Landmark Rewards SBI Card PRIME cannot be redeemed against cashback. They can only be redeemed at Landmark partner stores at a value of 1 RP = Rs. 0.25.
Yes, Landmark Rewards SBI Card PRIME offers complimentary domestic and international lounge visits. The card offers 8 complimentary domestic airport lounge visits every year and complimentary Priority Pass Membership with 4 complimentary international lounge visits per year.
The card offers lounge access and 5X reward points on international spends, which makes it a decent option for frequent travellers. However, its high forex markup fee of 3.5% reduces the overall benefit, making it a moderate option for frequent international travellers.
No, fuel spends do not earn reward points on Landmark Rewards SBI Card PRIME. However, you can save up to Rs. 1,200 every year on fuel through 1% fuel surcharge waiver.
The card offers 6.25% rewards on Landmark stores and 2.5% rewards on dining, movies, and international spends. It also offers milestone benefits of 20,000 bonus points and additional rewards through welcome and renewal benefits.
Footnotes
- Fuel spends will not accrue any reward points.
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Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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