SBI Prime Credit Card: Benefits, Features, and Charges

Key Takeaways
 

• SBI Prime Credit Card gives you welcome and milestone vouchers from leading brands, making your spending more rewarding.
   
• It includes complimentary access to both domestic and international airport lounges.
   
• It lets you earn faster reward points on everyday spends like dining, groceries, and movies.

The SBI Prime Credit Card is a premium lifestyle card that blends everyday savings with travel and luxury benefits. It is designed for individuals who want both convenience and rewards from their spending.

For example, Rahul, a young professional who frequently shops online, dines out with friends, and travels for work. Instead of using a regular card, he chose the SBI Prime Credit Card and now enjoys complimentary lounge access during his trips, milestone vouchers from top brands, and accelerated reward points on his daily expenses. For him, the card is not just a payment tool but a way to enhance his lifestyle.

In this blog, we will explore the key features, benefits, eligibility criteria, charges, and rewards of the SBI Prime Credit Card to help you decide whether it is the right choice for you.

Key Highlights of SBI Prime Credit Card

The SBI Prime Credit Card brings together premium lifestyle benefits, travel privileges, and rewarding milestones, making it a popular choice among frequent spenders. Below are its key highlights:

The SBI Prime Credit Card stands out for individuals seeking both everyday value and exclusive privileges. With its welcome gifts, fee waivers, and rewarding structure, it serves as a versatile lifestyle and travel companion.

Benefits of SBI Prime Credit Card

The SBI Prime Credit Card offers an excellent mix of welcome gifts, lifestyle privileges, milestone rewards, and travel benefits. It is designed to provide cardholders with value on everyday spending as well as premium experiences. Below is a summary of its key benefits.

The SBI Prime Credit Card is a versatile option that combines everyday savings with premium travel and lifestyle privileges. From welcome vouchers and milestone rewards to exclusive lounge access and birthday benefits, it ensures value across spending categories while offering luxury experiences.

SBI Prime Credit Card Cashback and Rewards

The SBI Prime Credit Card allows you to enjoy attractive rewards on your daily spending while also saving on fuel transactions. It ensures that every purchase contributes towards meaningful benefits.

• Earn 2 Reward Points per ₹100 spent on all other retail purchases (except fuel).
   
• Redeem your Reward Points to pay card outstanding, with 4 Reward Points equal to ₹1.
   
• Get a 1% Fuel Surcharge Waiver on transactions ranging from ₹500 to ₹4,000 at all petrol pumps across India (Government Service Tax applicable).
   
• Maximum fuel surcharge waiver of ₹250 per month per statement cycle.

With its flexible reward structure and valuable surcharge waiver, the SBI Prime Credit Card makes everyday spending more rewarding. Whether it is shopping, payments, or fuel, cardholders can enjoy consistent savings alongside convenient redemption options.

SBI Prime Credit Card Fees and Other Charges

The SBI Prime Credit Card comes with a set of fees that cardholders should be aware of. Understanding these costs helps you use the card wisely and avoid unnecessary expenses. Below is a detailed summary:

The SBI Prime Credit Card offers excellent lifestyle and travel benefits, but users should remain mindful of the associated fees. By planning transactions carefully and paying bills on time, cardholders can maximise rewards while keeping additional costs to a minimum.

Bonus Tip: With SBI Card PRIME, you can empower up to 2 members of your family (parents, spouse, children, or siblings - above 18 years of age) with an add-on card.

Late Payment Fee Applicable on SBI Prime Credit Card

The SBI Prime Credit Card levies late payment charges if the Minimum Amount Due (MAD) is not paid by the due date. These charges vary depending on the outstanding amount in the statement.

The late payment fee structure encourages timely payments and helps cardholders maintain good credit health. By ensuring that at least the Minimum Amount Due is settled before the due date, SBI Prime Credit Card users can avoid these charges and keep their card usage cost-effective.

Eligibility Criteria for SBI Prime Credit Card 

The SBI Prime Credit Card is offered to applicants who meet specific requirements related to age, income, and financial stability. While final eligibility is assessed during the application process, the following basic criteria must generally be fulfilled.

To qualify for the SBI Prime Credit Card, applicants should demonstrate financial reliability and maintain a positive credit profile. Meeting these eligibility conditions increases the chances of approval while ensuring responsible usage of the card.

Required Documents for SBI Prime Credit Card

To apply for the SBI Prime Credit Card, applicants must submit valid identity, address, and income proofs. These documents help the bank verify eligibility and process the application smoothly.

Providing the correct documents ensures a hassle-free application process for the SBI Prime Credit Card. Keeping identity, address, and income proofs ready in advance helps speed up approval and issuance of the card.

How to Apply for the SBI Prime Credit Card?

Applying for the SBI Prime Credit Card is a straightforward process that can be completed online within a few minutes. By following the steps carefully, you can submit your application with ease.

Step 1: Visit the official website of SBI.
Step 2: On the right-hand section, click on the option “SBI Card.”

Step 3: You will be redirected to a new page. Select the button labelled All Featured Cards.

Step 4: Browse through the list of available cards, choose the SBI Prime Credit Card, and click on the Apply Now button.

Step 5: Provide the required personal and financial details, and upload the necessary documents to complete your application.

Once submitted, your application will be reviewed, and upon approval, the card will be issued and delivered to your registered address.

Bonus Tip: SBI Card PRIME is accepted at over 24 million outlets across the globe, including 3,25,000 outlets in India.

How to Apply for the SBI Prime Credit Card Offline

You can also apply for the SBI Prime Credit Card through the offline process if you prefer personal assistance. SBI makes this simple with its branch locator tool.

Steps to Apply Offline:

1. Visit the official SBI Card website.
    
2. Go to the Branch Locator section and find the nearest SBI branch.
    
3. Visit the branch and request the application form for the SBI Prime Credit Card.
    
4. Fill in the required details and attach the necessary documents.
    
5. Submit the form at the branch for processing.

Once the application is reviewed and approved, the SBI Prime Credit Card will be dispatched to your registered address.

Conclusion

The SBI Prime Credit Card is a well-rounded option that blends lifestyle privileges, travel benefits, milestone rewards, and everyday savings. With attractive welcome gifts, complimentary lounge access, fuel surcharge waivers, and accelerated reward points, it offers value to both frequent travellers and regular shoppers. 

By maintaining responsible usage and meeting annual spend thresholds, cardholders can enjoy premium benefits while keeping fees minimal.

FAQ’s

1. Does the SBI Prime Credit Card offer concierge services?
Yes, cardholders can access a 24/7 concierge service for travel bookings, dining reservations, and lifestyle assistance.

2. Can I link my SBI Prime Credit Card to digital wallets?
Yes. You can add the card to major digital wallets and UPI apps for quick online and contactless payments.

3. Are EMI options available on large purchases?
Yes. You can convert big transactions into EMIs with flexible repayment tenures.

4. How quickly are reward points credited after a purchase?
Reward points are usually added within a few days once the transaction appears in your statement.

5. Does the SBI Prime Credit Card provide insurance cover?
Yes, complimentary insurance benefits such as air accident cover and fraud liability cover are included for cardholders.

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.