Last updated: 18th Jun, 2019
SBI launched Prime Card one step below their Elite Card. But I feel that Prime card has more benefits than the SBI Elite Card.
I received my SBI Prime Card in November last year. I really liked the shiny and premium look of SBI Prime card.
Watch this video review of SBI Prime Card
Note – SBI has changed SBI Platinum credit card into SBI Prime credit card.
SBI has also provided a quite informational booklet including a rewards benefits catalog along with the card.
Annual Fee and Sign up Benefits
Annual fee: Rs. 2999
Fees Waiver: If you spend Rs. 3 Lac in one year from the date of Activation of Card, the Renewal fee of Rs. 2999/- will be waived off. (Just spend 25K per month on the card to hit 3L per year)
You get an e-gift voucher worth Rs. 3000 as a signup benefit. (There are multiple e-gift vouchers options to choose from brands like Yatra, Shoppers Stop, Pantaloons, Mark & Spencer, Bata and Hush Puppies).
After paying an annual fee you are asked to choose the gift and would receive in 5 to 6 days.
SBI Prime Card Benefits
SBI Prime card has been launched primarily for the people who do lots of online shopping. Especially with online grocery shopping, where you get 10-15 reward points per Rs. 100 spent.
Utility Bill Payments
If you set up an auto debit feature for your utility Bill Payments, in which your electricity bills, phone bills can be automatically debited from your card, you get 20 Reward points on each Rs. 100/- spent which is equal to 5% cashback.
1 Reward Point is worth 25 paise.
Dining & Department stores
Get 15 Reward Points per Rs. 100 spent on BigBasket (3.5% worth of cashback)
If you spend on Dining, Departmental Store, Groceries and Movies, you get 10 Reward Points per Rs. 100 spent (worth 2.5% cashback)
You would get 2 reward points on spending elsewhere.
Fuel Surcharge Waiver
You would get 1% waiver on fuel surcharge.
You would get 1+1 movie ticket with VISA Signature variant (free ticket price capped at ₹300) and up to ₹200 off on snacks when you book through BookMyShow on weekends.
On spending Rs. 5 Lakh, you’ll get an E-gift Voucher worth Rs. 7000 from Yatra.com or Pantaloons
That’s an additional 1.4% bonus on top of regular rewards.
The more you spend, the more additional benefits you get.
On your BIRTHDAY if you spend from this Card, you’ll get 20 Reward Points per Rs. 100/- spent.
In other words, you’ll receive a 5% Cashback as Reward Points on your birthday. This is not a major benefit but still, you can earn some reward points if you pay your Birthday Party expenses through this card.
Free Pizza Hut Vouchers
Get Pizza Hut e-Voucher worth Rs. 1,000 on achieving spends of Rs. 50,000 in a quarter (2 vouchers of 500 each)
That’s a 2% bonus on top of regular rewards.
Trident Package Membership
You get a complimentary Trident membership with this card if you stay in Trident hotels. It is of no use for me as I don’t stay in Trident hotels.
Club VISTARA Silver Membership
If you prefer Vistara Airlines then you can get 9 Vistara club points for every Rs. 100 spent on Vistara Airlines.
Airport Lounge Access
One of the coolest benefits of credit cards is free-access to Airport Lounges.
“Airport Lounges are the Waiting Area on Airport where you can rest and have a meal, you can wait for your flight there. The environment is quite relaxing and the food is free. In different lounges, you get different experiences.”
You’ll get 4 complimentary visits per year on International Lounges through Priority Pass. Apply for Priority Pass once you received the SBI Prime Card.
You don’t need Priority Pass for Domestic Airport Lounges. Just show your credit card to get the access. Lounge Staff will swipe your card to check the eligibility.
You would get 8 complimentary visits per year in Domestic Lounges.
You have to check which card you have got approved. Visa Signature Card and Mastercard have different benefits.
Air Accidental Liability Cover
This is a kind of free insurance that you get along with this card.
In this cover, if in any unfortunate situation cardholder dies in Air Accident, his/her Beneficiary can get up to 50 Lacs as insurance claim cover from SBI Credit Card.
Fraudulent Activity Cover
If any fraud happens against the Credit Card, then up to Rs. 1 lac loss is covered by the SBI.
If you lose your card, you can get Emergency Card replacement within 3 days anywhere in the world.
When you come to know about any fraudulent activity on your credit card and you inform the bank immediately. Then the bank covers up to Rs. 1 Lac of fraud transactions and rest of the amount have to be borne by the Cardholder.
Are you applying for SBI Prime Card
Let me know in the comments what you were expecting from SBI Prime. Is there anything else that you want to know which is missing in the review article?
Special Thanks to our reader Parag who helped me update the latest information of SBI Prime Card.