Paisabazaar
Search Credit Card  

Spar SBI Card PRIME

Home State Bank of India Spar SBI Card PRIME
Check Pre-Approved Credit Cards
for you in Just One Click

  • 50+ Credit Cards from Top Banks

  • Compare Best Offers

  • Completely Digital Process

Edit Digits Only

Error: This is invalid mobile number

Error: Please accept the undertaking to proceed further
×

Exclusive Pre-Approved Cards waiting for you

  • 50+ Credit Cards from Top Banks

  • Compare Best Offers

  • Completely Digital Process

Edit

Error: Please enter a valid number

Updated: 18-09-2024 06:34:23 AM

SBI Card has launched a credit card in collaboration with Spar Hypermarket. Spar is a landmark group brand supermarket selling groceries, staples, household essentials and personal care items. With this co-branded card, one can get rewarded for all the expenses along with extra rewards points while shopping at Spar and its landmark stores. Read on to know all about this credit card:

Key Highlights of Spar SBI Card PRIME
  • Annual Fee: Rs. 2,999
  • Up to 15 reward points on retail spends
  • 12,000 bonus reward points as a welcome gift
  • Priority Pass Membership with 4 free visits per year
  • 8 free domestic lounge access per year
  • Up to 58,000 reward points under milestone benefits

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit SBI Card’s website.

Also read: Top 10 SBI Credit Cards in India

On this page
Spar SBI Card PRIME: Features & Benefits
Spar SBI Card PRIME: Fees & Charges
Spar SBI Card PRIME: Eligibility & Documentation
How to Apply for Spar SBI Card PRIME?
FAQs

Spar SBI Card PRIME: Features & Benefits

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.

Credit Card Rating

/ 5 ( Reviews)

loading

Rate Spar SBI Card PRIME

Spar SBI Card PRIME: Fees & Charges

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

Fees/Charges Amount/Rate
Annual Fee Rs. 2,999 + GST
Renewal Fee Rs. 2,999 + GST
Finance Charges 3.50% per month (42% per annum)
Late Payment Fee For Statement Balance

  • Less than Rs. 500 – Nil
  • Rs. 500 up to Rs. 1,000 – Rs. 400
  • Rs. 1,000 up to Rs. 10,000 – Rs. 750
  • Rs. 10,000 up to Rs. 25,000 – Rs. 950
  • Rs. 25,000 up to Rs. 50,000 – Rs. 1,100
  • Amount over Rs. 50,000 – Rs. 1,300

Spar SBI Card PRIME: Eligibility & Documentation

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:

Criteria Details
Age 18-60 years
Occupation Available to both Salaried and Self-employed
Serviceable Cities Click here for the list of eligible cities
Documents Required Click here for the list of acceptable documents

How to Apply for Spar SBI Card PRIME?

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

FAQs

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.

Menu