SBI Prime Credit Card: Full Review (Benefits, Fees & Eligibility)

Summary

In this detailed review of the SBI Prime Credit Card, the host covers its various premium benefits, including a ₹33,000 welcome gift voucher, reward points for various spend categories, and exclusive airport lounge access. The card also offers complimentary Club Vistara Silver membership, fuel surcharge waivers, and milestone rewards like Pizza Hut vouchers. Alongside, the video discusses the card's fees, eligibility criteria, and provides a recommendation for frequent travelers or high spenders. With its wide range of perks, it’s ideal for those who make substantial annual purchases, but may not be suitable for occasional users due to its high annual fee.

Takeaways

• 😀 SBI Prime Credit Card offers a ₹33,000 e-gift voucher upon payment of the annual fee within 30 days of card issuance.
• 😀 You earn 10 reward points for every ₹1 spent on categories like dining, grocery, and movie tickets, and 2 reward points for every ₹1 spent on other retail purchases.
• 😀 Birthday benefit provides 20 reward points per ₹100 spent on your birthday and the two days surrounding it, with a cap of 2,000 points.
• 😀 Fuel surcharge benefit of 1% is offered on transactions between ₹500 and ₹4,000, helping you save on fuel costs.
• 😀 Complimentary Club Vistara Silver membership is included, providing benefits for those who travel frequently with Vistara Airlines.
• 😀 Access to 4 international and 8 domestic airport lounges per year, with a cap of 2 domestic and 2 international lounges per quarter.
• 😀 Milestone rewards include ₹1 gift voucher for every ₹50,000 spent each quarter, and ₹7,000 worth of gift vouchers for annual spending of ₹1,00,000 or more.
• 😀 Fraud liability cover of up to ₹1 lakh is provided in case the card is lost or stolen, as long as the cardholder reports it in time.
• 😀 Emergency card replacement service is available globally, making it easy to replace a lost card when traveling abroad.
• 😀 The annual fee of ₹1,999 + GST can be waived off in the first year if the ₹33,000 voucher is claimed, and waived for the second year if ₹1,00,000 is spent in the first year.

Q & A

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

The welcome benefit includes a ₹33,000 e-gift voucher from select brands such as Bata, Shopper Stop, Aditya Birla Fashion, and others. However, this is only available if the annual fee is paid within 30 days of receiving the card.

How many reward points can you earn with the SBI Prime Credit Card?

You can earn 10 reward points for every ₹1 spent on departmental stores, groceries, dining, and movie tickets, and 2 reward points for every ₹1 spent on retail purchases. Fuel transactions are excluded from earning reward points.

What is the birthday benefit offered by the SBI Prime Credit Card?

On your birthday, if you spend ₹1,000,000 in-store or online, you will receive 20 reward points per ₹100 spent, with a cap of 2,000 points. This benefit is valid for three days, including the day before and after your birthday.

Does the SBI Prime Credit Card offer any fuel benefits?

Yes, the card provides a 1% fuel surcharge waiver on transactions between ₹500 to ₹4,000 per month.

What are the additional travel-related benefits provided by the SBI Prime Credit Card?

The card offers complimentary access to airport lounges: 2 international and 8 domestic lounges per quarter. Additionally, you get a Club Vistara Silver membership and earn points when booking flights with Vistara.

What kind of security covers does the SBI Prime Credit Card offer?

The card provides fraud liability cover up to ₹1 lakh for unauthorized transactions after reporting theft or loss. It also includes an air accident cover of ₹1 lakh in case of death due to an air accident.

How much is the annual fee for the SBI Prime Credit Card?

The annual fee is ₹1,999 + GST. However, the first-year fee is effectively waived if you pay the fee within 30 days of receiving the card and earn the ₹33,000 gift voucher.

What is the eligibility criteria for applying for the SBI Prime Credit Card?

You need to be between 18 and 65 years of age, with a monthly income of ₹50,000 to ₹75,000 for salaried or self-employed individuals. If you have an existing credit card with a good payment history, you may be eligible with a lower income.

What are the forex charges on the SBI Prime Credit Card for international transactions?

The card charges a 3.5% foreign exchange markup fee, along with 18% GST on the fee, for international transactions.

What are the milestone benefits associated with the SBI Prime Credit Card?

If you spend ₹5,000,000 per quarter, you can earn a ₹1,000 gift voucher from Pizza Hut. If you spend ₹1 lakh annually, you can receive a ₹7,000 gift voucher from Yatra or Pantaloons.