SBI Prime Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

As a welcome offer upon card issuance, receive a gift voucher worth Rs. 3,000. Earn 10 reward points for every Rs. 100 spent on dining, movies, groceries, and departmental store purchases. For other retail purchases, earn 2 reward points for every Rs. 100 spent. When you spend Rs. 5 lakh in a year, receive an e-gift voucher worth Rs. 7,000 from either Yatra or Pantaloons. On spending Rs. 50,000 in a calendar quarter, receive a Pizza Hut e-voucher worth Rs. 1,000. Renewal fee will be waived off if you have spent Rs. 3 lakhs or more in the last year. Enjoy 4 complimentary international airport lounge access every year (maximum of 2 per quarter). Receive 8 complimentary domestic airport lounge access every year (maximum of 2 in a quarter). Get up to a 15% discount on the finest available room rates at Lalit and F&B hotels (only available for the MasterCard variant). For the Visa card variant, receive up to a 10% discount on Hertz car rental and up to a 35% discount on Avis Car Rentals. Experience exclusive benefits at over 900 luxury hotels (only for the Visa variant). Get a complimentary Club Vistara Silver Membership. Receive a complimentary Trident Privilege Red Tier Membership. Earn 20 reward points for every Rs. 100 spent on your birthday (with a maximum cap of 2,000 reward points for birthday spends).

The SBI Prime Credit Card is a great option for individuals who frequently travel and shop.

With a joining fee of Rs. 2,999 + GST and a renewal fee of Rs. 2,999 + GST, it offers a range of benefits and rewards.

One of the key features of this credit card is the reward points program.

Cardholders earn 10 reward points for every Rs. 100 spent on dining and movie expenses, making it an ideal choice for movie lovers and foodies.

Additionally, cardholders can also earn 10 reward points for every Rs. 100 spent on groceries, dining, movies, and departmental stores, providing ample opportunities to earn rewards on everyday expenses.

For all other retail expenses, cardholders earn 2 reward points for every Rs. 100 spent.

The welcome benefit of a gift voucher worth Rs. 3,000 from popular brands like Yatra, Aditya Birla Fashion, Bata/Hush Puppies, Shoppers Stop, and Pantaloons is a fantastic addition to the card.

This allows cardholders to start enjoying the benefits of their card right from the beginning.

Travel enthusiasts will appreciate the complimentary Trident Privilege Red Tier Membership, Club Vistara Silver membership, and access to both domestic and international airport lounges.

The card offers 8 complimentary domestic airport lounge visits per year and 4 complimentary international airport lounge visits every year with a Priority Pass Membership.

Golf enthusiasts can take advantage of the complimentary 4 rounds of green fee and 1 complimentary golf lesson every month, along with up to 50% off on golf games (only available with the MasterCard variant).

The SBI Prime Credit Card also offers insurance benefits such as air accident cover worth Rs. 50 lakhs and a fraud liability cover worth Rs. 1 lakh.

This ensures cardholders have peace of mind in case of any unfortunate events.

Additionally, the renewal fee of the card is waived off if a minimum of Rs. 3 lakhs was spent in the previous year, making it easier for cardholders to continue enjoying the benefits without any extra charges.

However, there are a few charges associated with the card.

There is a rewards redemption fee of Rs. 99 (plus applicable taxes) per redemption request.

The foreign currency markup is 3.5% of the transaction amount, and the interest rate is 3.5% per month (42% per annum).

On the positive side, the card offers a 1% fuel surcharge waiver on every fuel transaction between Rs. 500 to Rs. 4,000, with a maximum waiver of Rs. 250 in a month.

Overall, the SBI Prime Credit Card is a top choice for individuals looking for a credit card that offers great rewards, travel benefits, and insurance coverage.

With its various features and perks, it is well-suited for frequent travelers and avid shoppers.