The SBI Prime Credit Card is a high-value offering from SBI Card designed to suit the lifestyle and spending habits of urban professionals. Combining everyday usability with premium benefits, this card is ideal for users who want to maximize rewards across categories like dining, groceries, utilities, and travel—without stepping into the ultra-premium range.
1. Card Overview
The SBI Prime Credit Card offers a comprehensive package with exclusive rewards, lifestyle benefits, and travel perks. It’s targeted at mid-to-high-income users looking to enhance their credit card experience without a steep annual fee.
2. Fees & Charges
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Joining Fee: ₹2,999 + GST
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Annual Fee: ₹2,999 + GST (waived if yearly spending exceeds ₹3 lakh)
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Add-on Cards: Free for family members
Other fees include:
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Interest Rate: Up to 3.5% per month (42% annually)
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Foreign Currency Mark-up: 3.5%
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Late Payment Fees: Range based on the outstanding amount
These charges highlight the importance of timely payments and mindful foreign transactions to avoid unnecessary costs.
3. Rewards Structure
Reward Points Earning
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10 Reward Points per ₹100: Earned on dining, groceries, department store purchases, and movies.
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2 Reward Points per ₹100: On all other eligible spends.
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20 Reward Points per ₹100: On birthday spends (up to 2,000 points per year).
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Utility Bill Payments: Set up standing instructions to earn 20 points per ₹100 (up to 3,000 points monthly).
Reward Redemption
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4 Reward Points = ₹1 (1 point = ₹0.25)
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Redeem via the SBI Card website, mobile app, or against card outstanding.
4. Welcome & Milestone Benefits
Welcome Gift
Upon fee payment, users receive ₹3,000 worth of gift vouchers from top retail brands such as Pantaloons, Shoppers Stop, Yatra, and Bata.
Milestone Rewards
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Quarterly Reward: ₹1,000 Pizza Hut voucher on spending ₹50,000 in a calendar quarter.
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Annual Spend Bonus:
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Spend ₹3 lakh annually to waive the renewal fee.
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Spend ₹5 lakh or more annually to receive ₹7,000 worth of gift vouchers.
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These benefits reward consistent spending and make the card more cost-effective over time.
5. Travel Privileges
Lounge Access
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International Lounges: Up to 4 complimentary visits per year (max 2 per quarter) via Priority Pass.
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Domestic Lounges: 8 complimentary visits per year at select airport lounges in India.
Travel Partnerships
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Club Vistara Silver Membership: Includes a complimentary upgrade voucher and earns 9 CV points per ₹100 spent on Vistara flights.
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Trident Privilege Red Tier: Offers exclusive hotel discounts and rewards at Trident Hotels.
6. Lifestyle & Entertainment Benefits
Golf & Dining
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Golf Benefits: Complimentary green fees and lessons at select golf courses (Mastercard variant).
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Dining Discounts:
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Up to 20% off at participating restaurants (AmEx variant).
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Additional offers with select hotel and dining partners like Lalit Hotels.
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Hotel & Travel Deals
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Discounts on Avis and Hertz car rentals.
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Up to 35% off hotel bookings and select partner offers.
7. Insurance & Safety Features
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Lost Card Liability: Protection from fraudulent transactions if the card is reported lost within the specified period.
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Air Accident Insurance: Previously ₹50 lakh cover (withdrawn as of July 15, 2025).
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Emergency Card Replacement: Available worldwide through SBI Card’s support network.
8. Fuel Surcharge Waiver
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Get a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 at fuel stations.
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Maximum benefit: ₹250 per month.
9. Utility & EMI Facilities
Bill Payments
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Use the card to pay electricity, gas, water, and telecom bills via standing instructions or through the SBI Card portal to earn extra points.
Flexi Payment Options
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Flexipay: Convert large purchases (₹2,500+) into EMIs at competitive interest rates.
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Balance Transfer: Pay off other credit card balances at lower interest through SBI Prime.
10. Global Acceptance & Digital Support
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Accepted at over 24 million outlets globally.
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Enabled for contactless payments.
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Managed through the SBI Card mobile app for transactions, rewards, and payments.
11. Who Should Get This Card?
This card is a great fit for:
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Professionals with steady monthly spending across categories.
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Frequent diners, moviegoers, and grocery shoppers.
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Travelers who occasionally use airport lounges and hotel bookings.
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Users who pay their bills on time to avoid interest and maximize benefits.
12. Pros & Cons
Pros
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Generous reward points on daily spends
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Complimentary travel memberships and lounge access
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Regular milestone and welcome gift vouchers
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EMI and balance transfer flexibility
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Fee waiver on achieving annual spending targets
Cons
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Annual fee may not justify value for low spenders
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High interest on revolving balances
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Travel benefits are capped and may not suit frequent flyers
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No cashback feature for users preferring direct savings
13. Maximizing the SBI Prime Card
To get the most from this card:
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Always pay utility bills through the card with standing instructions.
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Plan quarterly and yearly spending to unlock voucher rewards.
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Use lounge access during both domestic and international travel.
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Track reward points regularly and redeem them smartly.
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Avoid carrying forward balances to escape high interest.
14. Recent Update: Insurance Coverage Change
As of July 15, 2025, SBI Card removed the ₹50 lakh air accident insurance from the SBI Prime Credit Card. While this doesn’t drastically alter the card’s core benefits, users who relied on travel coverage should take note.
Final Thoughts
The SBI Prime Credit Card is an excellent choice for individuals who spend moderately to heavily in specific categories and prefer a feature-rich card without an extremely high fee. It offers good value through its reward structure, milestone gifts, and travel perks. However, to truly benefit, users must actively engage with its benefits and maintain responsible credit habits.