SBI Prime Credit Card: Features, Benefits and Apply

In today’s digital age, every person resorts to credit cards to make their financial needs convenient and easy. Banks and financial institutions are also moving in this direction so that maximum benefits and facilities can be provided to the customers according to their needs. In this direction, SBI (State Bank of India) has also introduced a special and premium credit card ‘SBI Prime Credit Card’, which not only makes your everyday expenses easy but also gives you many benefits and privileges.

Prime Credit Card is specially designed for those customers who not only want to get good convenience in their financial transactions but also expect a premium experience in every aspect of their lifestyle. Through this credit card, SBI also provides its customers the experience of reward points, better discounts, and exclusive offers. Be it shopping, travel, dining, or entertainment, SBI Prime Credit Card is designed to meet your needs at every turn.

In today’s article, we will learn in detail about the SBI Prime Credit Card and tell you what are its benefits and how to apply for it. Therefore, read this article till the end so that later you do not face any problems while applying for this card.

What is the SBI Prime Credit Card?

SBI Prime Credit Card is specially designed for paying utility bills, shopping, and traveling. If you like online shopping then the Prime Credit Card is made for you because it gives you a lot of benefits on every purchase.

Through this credit card loan, you can save money while shopping and avail lots of cashback. This credit card usually offers very good reward points for dining, grocery, and department stores.

What are the benefits of taking an SBI Prime Credit Card?

Inside SBI Prime Credit Card, you are going to get a lot of benefits in different ways. Due to all the benefits that you will get from this credit card, you will be able to take advantage of this credit card in many different ways, and along with this, you can get a lot of cashback on online shopping, which can be used for new expenses coming up.

Welcome Benefit

• When you buy an Prime Credit Card, at that time you will be given a welcome benefit on the first purchase.

• On paying the joining fee of this credit card, you get the benefit of a welcome E-Gift voucher of ₹ 3000.

• For the voucher, you can do free shopping of ₹ 3000 on all these online platforms like Bata, Hush Puppies, Pantaloons Aditya, Birla Fashion, Shoppers Shop, Yatra, etc.

Excellent Prime Reward Points

• Using the Prime Credit Card, you can earn lots of excellent Prime Reward Points on shopping at dining, departmental stores, movie theaters, and other different retail expenses.

• If it is your birthday, then with the help of this credit card, you can get very good reward points on the date of your birthday. SBI Bank provides you with all these facilities after using the SBI Prime Credit Card.

• On every payment of ₹ 100 with Prime Credit Card, you will get reward points in different ways, which are as follows –

• You will get 10 reward points on dining, movies, departmental stores, grocery expenses, and other retail expenses.

• You get 2 reward points for other expenses except fuel expenses.

• Special Birthday Reward Offer 20 Reward Points on spends (maximum up to 2000 Reward Points)

Milestone Benefits

• Apart from fee waiver, Prime Credit Card also offers multiple milestone benefits to its customers in the form of complimentary vouchers as mentioned below –

• After achieving ₹ 50,000 in 3 months i.e. January to March or April to June, you will be eligible to get a Pizza Hut voucher having a principal value of ₹ 1000.

• You can avail of this voucher by showing the Pizza Hut voucher at any Pizza Hut outlet or by using the card to book an online order.

SBI Prime Credit Card Annual Fee Waiver

• As a milestone benefit, the SBI Prime Credit Card also offers an annual fee waiver and along with this, if you make the best expenditure in 1 year under the Prime Credit Card, then no annual fee is charged to you in the next year.

• On making annual purchases of ₹5,00,000 or more, you get a voucher of ₹7000 on online shopping platforms like yatra.com or Pantaloons, which you can use for various purchases.

Travel Benefits

• On using SBI Prime Credit Card, you will get privileged membership and Club Vistara Silver Membership, Domestic and International Lounge Access, just like multiple travel benefits are given to Prime Credit Card holders. If you travel a lot and have to travel three to three times a month, then this benefit is going to be very beneficial for you.

Fuel Surcharge Waiver Benefit

• If you fill fuel in your vehicles with the help of an Prime Credit Card, then you will get up to a one percent discount on expenses ranging from ₹ 500 to ₹ 4000.

• You can save a maximum of ₹ 250 per month for filling fuel.

Movie Ticket Benefit

• If the cardholder wants to buy movie tickets for entertainment with the help of a Prime Credit Card, then you will get 10 reward points on every ₹ 100 spent.

• This means that if you buy more and more tickets, then you will get more reward points and can earn rewards points.

Insurance Benefit

• If you book an air ticket using an SBI Prime Credit Card, you will get the benefit of insurance.

• On this credit card, you will get free insurance up to Rs 50 lakh during air accident insurance.

What are the lounge benefits of the SBI Prime Credit Card?

Here are the main lounge-related benefits in simple terms:

Domestic Lounge Access

•  You get 4 complimentary visits every year to select domestic airport lounges in India.

• These lounges offer a quiet and comfortable place to wait for your flight, with amenities like snacks, beverages, Wi-Fi, and comfortable seating.

International Lounge Access

• The card comes with a complimentary Priority Pass membership.

• With this membership, you can access airport lounges worldwide. However, lounge visits may have additional charges if not complimentary under the offer.

What are the reward benefits of the SBI Prime Credit Card?

Here are the key rewards in simple words:

• Get 3,000 reward points as a welcome gift when you pay the annual fee for the card.

• Earn 2 reward points for every ₹100 spent on most purchases.

• Get 10 reward points for every ₹100 spent on dining, groceries, and departmental store purchases.

• Earn up to 20,000 bonus reward points in a year by achieving spending

• Quarterly Rewards: Spend ₹50,000 or more in a calendar quarter and get a ₹1,000 e-voucher.

• Redeem your reward points for travel, shopping, dining, and more through the SBI Rewards website.

What are the fees for SBI Prime Credit Card?

Here’s a simple breakdown:

Annual Fee	There is an annual fee for the card, which is usually around ₹2,999. This fee is charged every year for using the card. Some versions of the card may have a lower fee or may waive it if you spend a certain amount.
Joining Fee	When you first get the card, there may be a joining fee, typically around ₹2,999. This is a one-time fee when you apply for the card.
Interest Charges	If you do not pay the full bill amount on time, the card will charge interest on the unpaid balance. The interest rate can be around 3-3.5% per month (or around 42% per year).
Late Payment Fee	If you miss the payment due date, you may be charged a late payment fee. The amount can vary based on your outstanding balance.
Cash Withdrawal Fee	If you use the card to withdraw cash from an ATM, there will be a fee, and interest will also be charged on the withdrawn amount from the day of withdrawal.

What are the eligibility criteria to get an SBI Prime Credit Card?

The following are the criteria for Prime Credit Card:

• You must be an Indian citizen to get an SBI Prime Credit Card.

• Your age should be between 18 to 65 years.

• You must have a source of income.

• Your credit score should also be good.

What are the necessary documents requiring to get an SBI Prime Credit Card?

Proof of Identity	PAN Card, Aadhar Card, Driving License, Passport, Voter ID Card etc.
Proof of Address	Aadhar Card, Driving License, Passport, Bills older than 3 months, Ration Card, etc.
Proof of Income	One or two salary slips (not older than 3 months), the latest Form 16, the last 3 months’ bank statement, etc.

How to apply online for an SBI Prime Credit Card?

Here’s how you can apply online for the SBI Prime Credit Card in simple steps:

• Open your web browser and go to the official SBI Card website.

• Look for the SBI Prime Credit Card under the “Credit Cards” section or search for it using the search bar.

• Once you find the SBI Prime Credit Card page, click on the “Apply Now” button.

• You will be asked to fill out an online form with your details like your name, address, phone number, email, and income details.

• You may need to upload some documents for verification, like your ID proof, address proof, and income proof (like salary slips or bank statements).

• Double-check all the information you’ve entered and the documents you’ve uploaded.

• After everything is filled out correctly, click on the submit button to send your application.

• SBI will review your application, and if everything is fine, you will get a response (approval or rejection). If approved, your card will be sending to your address.

How to redeem reward points of an SBI Prime Credit Card?

Here’s how you can do it:

• Go to the SBI Card website or open the SBI Card mobile app on your phone.

• Once logged in, find the “Rewards” or “Redeem Rewards” section. This is where you can see how many points you have earned.

• You can use your points to redeem rewards like free train tickets, hotel bookings, or discounts on travel bookings through IRCTC. Select the reward you want.

• Depending on what you want to redeem, you can select how many points you want to use for the reward. The system will show you how many points are needed for each reward.

• Once you’ve selected your reward and points, confirm your choice. You may need to enter some details like your IRCTC account number to complete the redemption process.

• After redeeming, you will receive your reward (like a train ticket or discount) as per the terms of the offer.

How to check the SBI Prime Credit Card application status online?

follow these simple steps:

• Go to the official SBI Card website on your browser.

• On the homepage, look for a link or option that says “Track Your Application” or something similar.

• You will be asked to provide details like your application reference number (which you got when you applied) or your mobile number. Enter the required information.

• After entering your details, click on the “Submit” button. Your application status will appear on the screen, showing whether it’s approved, pending, or rejected.

Conclusion

SBI Prime Credit Card is best suiting for those who want to avail of premium benefits across multiple categories but do not want to pay a high annual fee. This credit card offers a wide range of benefits at an annual fee of Rs 2,999. You can earn domestic and international lounge access, e-gift vouchers, milestone benefits, and 10x reward points across select categories with this credit card.

This credit card comes with a joining fee of Rs 2,999 and a welcome benefit of Rs 3,000. If you travel frequently and want to avail airport lounge access, premium perks like car rental, hotel stay, airport transfer service, etc., then this credit card can be a great option for you.

However, if you are looking for a credit card that offers benefits across a specific category, you can opt for other credit cards. But according to us, this credit card will be the best for you and it also provides you great benefits.

Frequently Asked Questions (FAQ’s)