SBI Card Prime is a premium card for middle to high income groups. It comes with a lot of features such as privilege membership, premium lounge access, rewards and more. This card is best suited for young affluent customers who like to spend on travel, leisure and entertainment.
SBI Card Prime Features
Contactless Transaction- This card is fast and convenient to use. You don’t have to hand over your card or look for cash to make everyday small ticket purchases. Simply wave your card at a secure reader to transact. The risk of card loss and fraud is really low as the card never leaves your hand during a contactless transaction. It’s a highly secure card. Even if the card is waved multiple times at the reader, the unique security key feature of Visa Pay Wave will ensure that only one transaction goes through.
Accepted Globally- Your SBI Card Prime is accepted at over 24 million outlets across the globe, including 3,25,000 outlets in India.
Fraud Liability Cover- This card comes with a facility of covering air accident cost over Rs 50 lakhs. It also gives the complimentary credit card fraud liability cover of 1 lakh. This cover is valid for a period of 48 hours prior to reporting of loss to 7 days post reporting of loss.
Emergency Card Replacement– SBI Card Prime comes with the convenience of replacing it anywhere in the world. 24×7 helpline is available for emergency card replacement even while travelling abroad.
Add- On Cards- With this credit card, users can get add-on cards for their family members including spouse, parents, children and siblings, thus giving them more power to spend.
Cash on the Go- With your SBI Card prime, you can withdraw cash from over 1 million Visa ATMs Worldwide.
Safe and Secure- This chip and pin enabled credit card enhances the security against counterfeiting and skimming.
Utility Bill Pay Facility- Now you can easily pay your electricity bill, telephone bill, mobile bill and other utility bills with your SBI Card Prime.
Balance Transfer on EMI- Users can transfer the outstanding balance of other bank’s account to SBI Card Prime, to avail a lower rate of interest and pay back in EMIs.
Flexipay- The cardholders enjoy the flexibility of paying in easy monthly installments. Just transact for 2,500 or more using your SBI Card Prime and log onto sbicard.com within 30 days of purchase to convert it into EMIs using Flexipay.
SBI Card Prime Benefits
SBI Card Prime comes with a host of benefits-
With this card you’re entitled to a welcome e-gift voucher worth Rs 3,000 from any of the following brands: Bata/Hush puppies, Marks and Spencer, Pantaloons, Shoppers Stop and Yatra.com.
Users are also rewarded with points on every transaction. Get 20 reward points per Rs 100 spent on standing instructions of utility bill payments, 15 reward points per Rs 100 spent on Big Basket, Reliance fresh, Reliance smart, Reliance footprint, Reliance trends and Sahakari Bhandar Stores and 10 reward points per Rs 100 spent on dining, groceries, departmental stores and movies.
It also offers milestone benefits such as Pizza Hut voucher worth Rs 1000 on achieving spend of Rs 50,000 in a calendar quarter, waiver of renewal fee on annual spends of Rs 3 lakhs and E-gift voucher worth Rs 7,000 from Yatra.com/Pantaloons on achieving annual spends of Rs 5 lakhs.
Cardholders enjoy complimentary Trident Privilege Red Tier Membership, the entitles them to exclusive 1,000 welcome points on registration, Enjoy 1,500 point on your first stay and additional Rs 1,000 hotel credit on extended night stay.
Enjoy 20 reward points per Rs 100 spent on your birthday.
Get 4 complimentary visits per year to International Priority Pass lounges, outside India (max 2 visits per quarter) and get 8 complimentary visits per year to Domestic Visa/ Mastercard Lounges in India (max 2 visits per quarter)
The card comes with exclusive benefits across 900 luxury hotels worldwide. Also, get 4 complimentary rounds on Green Fees and up to 50% discount on golf games at selected golf course across India.
The cardholders enjoy complimentary club Vistara silver membership; get 1 complimentary lounge access voucher and 1 upgrade voucher. Earn 9 club Vistara points for every Rs 100 spent.
SBI Card Prime Fees and Charges
|Annual Fee||Rs 2,999|
|Renewal Fee||Rs 2,999|
|Add-on Fee (per annum)||Nil|
|Extended Credit Interest Free Credit Period||20-50 days, applicable only on retail purchases and if previous month’s outstanding balance is paid in full|
|Extended Credit Charges||Up to 3.35% per month, accounting to 40.2% per annum, from the date of transaction|
|Extended Credit Minimum Amount Due||5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any)|
|Cash Advance limit||Up to 80% of the credit limit, maximum Rs. 15,000 per day|
|Free Credit Period||Nil|
|Cash Advance Charges||Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal|
|Cash Advance Fee SBI or Other Domestic ATMs||2.5% of withdrawal or Rs. 300 per transaction, whichever is higher|
|Cash Advance fee International ATMs||3.0% of withdrawal or Rs. 300 per transaction, whichever is higher|
|Overlimit Charges||2.5% of overlimit amount subject to a minimum of Rs. 500|
Late Payment Fee
|• Nil for total amount due from Rs. 0 to Rs. 200
• Rs. 100 for total amount due greater than Rs. 200 and up to Rs. 500
• Rs. 400 for total amount due greater than Rs. 500 and up to Rs. 1,000
• Rs. 500 for total amount due greater than Rs. 1,000 and up to Rs. 10,000
• Rs. 750 for total amount due greater than Rs. 10,000