Spar SBI Card PRIME

The features and benefits of this credit card are mentioned below:

Welcome Rewards: You can get below welcome benefits:

• 12,000 bonus reward points worth Rs. 3,000 on the payment of annual fee
• Rs. 100 cashback on your first ATM cash withdrawal, if done within 30 days of receiving your card

Renewal Benefit: 12,000 reward points worth Rs. 3,000 on the payment of renewal fee.

Earning Rewards: With Spar SBI Card PRIME, a user can earn reward points in the following manner:

• 15 reward points per Rs. 100 spent at landmark stores, including Home Center, Max, Lifestyle and Spar
• 10 reward points per Rs. 100 spent on movies and dining
• 2 reward points per Rs. 100 spent on non-fuel retail expenses
• 4 reward points = Rs. 1

Redeeming Rewards: Cardholders have the following options to redeem credit card reward points:

• Convert to Landmark Rewards (2.4 SBI card reward points = 1 LMR)
• 1 LMR has a monetary value of Rs. 0.60
• Use reward points directly through SBI Credit Card Rewards Catalogue in 4:1 ratio

Milestone Rewards: Up to 58,000 reward points worth Rs. 14,500 can be earned cumulatively on spending Rs. 5 lakh or more in a year. Reward Points are awarded in the following manner:

• 6,000 bonus reward points on spending Rs. 40,000
• 12,000 bonus reward points on spending Rs. 1 lakh
• 20,000 bonus reward points on spending Rs. 1.80 lakh
• 20,000 bonus reward points on spending Rs. 5 lakh

Lounge Access: Cardholders will also get free visits to international and domestic airport lounges. Details are mentioned below:

• Complimentary Priority Pass Membership worth $99
• 4 free visits to international airport lounges (max. 2 in a quarter)
• 8 free visits to domestic airport lounges (max. 2 in a quarter)

Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions ranging from Rs. 500 to Rs. 4,000 with a maximum waiver in a month capped at Rs. 250.

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Below mentioned are the fees and charges associated with this credit card:

Applicants must have a good credit score without any payment defaults in order to successfully apply for this credit card. Apart from this, the applicant should meet below-mentioned eligibility criteria:

You can apply for Spar SBI Card PRIME by visiting the SBI Card’s website. Afterward, an agent from SBI Card will get in touch with you to collect all the necessary documents. If your application meets all the requirements, your card will be dispatched to your mailing address.

Suggested read: Best Shopping Credit Cards in India

Will I get extra rewards points only at Spar Hypermarket?

No, accelerated reward benefits can be availed at all landmark stores (online and retail), namely Lifestyle, Home Center, Max and Spar.

Does the Spar SBI Card PRIME offer an annual fee waiver?

No, there is no annual fee waiver available on this credit card. However, the card offers bonus reward points which are equivalent to the fee paid.

How can I get the Priority Pass Membership?

You can apply for a Priority Pass Card through SBI Card’s website. You can also call SBI Credit Card customer care to understand the procedure.

Will I get surcharge waiver on all my fuel transactions?

No, the fuel surcharge waiver is offered only on transactions between Rs. 500 and Rs. 4,000, and the maximum waiver in a year is capped at Rs. 250.

How can I maximize the benefits of this credit card?

The best usage of this card will be at landmark stores. You should use the card for all your expenses at Lifestyle, Max, Spar and Home Center. Through this, you will be able to earn maximum rewards which can be used at the co-branded stores and, at the same time, you will reach spending milestones that will help you earn more bonus rewards.