SBI Prime Credit Card

SBI Prime Credit Card -the Best Reward Credit Cards

The SBI Prime Credit Card is a premium credit card offered by State Bank of India (SBI). This card is designed to cater to the lifestyle and spending needs of individuals who seek exclusive privileges and rewards.

The SBI Prime Credit Card comes with a joining fee of Rs. 2,999 and an annual fee of Rs. 2,999. However, the annual fee is waived off for customers who spend Rs. 3 lakh or more in a year.

Rewards and Cashback Programs of SBI Prime Credit Card

Reward Points Program: Cardholders earn 2 reward points for every Rs. 100 spent on the card. These reward points can be redeemed for a wide range of options, including shopping vouchers, gifts, and air miles. One can also convert these reward points into cashback at the rate of 1 reward point equals Re. 0.25.

Welcome e-Gift Voucher: As a welcome benefit, cardholders get an e-Gift Voucher worth Rs. 3,000 from popular lifestyle and travel brands.

Dining Benefits: Cardholders can enjoy up to 15% discount at select partner restaurants under the SBI Card PRIME program. They can also earn 10 reward points for every Rs. 100 spent on dining at partner restaurants.

Fuel Surcharge Waiver: Cardholders can enjoy a fuel surcharge waiver of 1% on fuel transactions up to Rs. 4,000 at any petrol pump.

Entertainment Benefits: Cardholders can enjoy free movie tickets worth Rs. 6,000 per year under the SBI Card PRIME program. They can also get discounts on theme parks and entertainment events.

Airport Lounge Access: Cardholders can enjoy complimentary lounge access at domestic and international airports twice per quarter under the Priority Pass Program.

Travel Benefits: Cardholders can enjoy complimentary air accident insurance cover of up to Rs. 50 lakh and lost card liability cover of up to Rs. 1 lakh. They can also enjoy discounts on flight and hotel bookings through select travel partners.

REED MORE: https://moneyfreetips.com/capital-one-venture-credit-card-travel/

Travel Benefits of SBI Prime Credit Card.

Complimentary Air Accident Insurance: Cardholders can enjoy complimentary air accident insurance coverage of up to Rs. 50 lakh. This coverage is provided in case of accidental death or permanent disability while traveling by air.

Lost Card Liability Cover: Cardholders can also enjoy a lost card liability cover of up to Rs. 1 lakh. This cover is applicable in case of loss of the credit card and covers any fraudulent transactions made on the card before it is reported to the bank.

 Discounts on Flight and Hotel Bookings: Cardholders can enjoy discounts on flight and hotel bookings through select travel partners. These discounts can range from 5% to 25%, depending on the partner and the offer.

Airport Lounge Access: Cardholders can enjoy complimentary lounge access at domestic and international airports twice per quarter under the Priority Pass Program.

Foreign Currency Markup Waiver: Cardholders can enjoy a foreign currency markup waiver of 1.99% on all international transactions made with the card. This can result in significant savings for frequent international travelers.

Visa/Mastercard Lounge Access: Cardholders can also enjoy complimentary access to select Visa/Mastercard airport lounges in India.

Shopping Benefits of SBI Prime Credit Card.

Reward Points on Shopping: Cardholders earn 2 reward points for every Rs. 100 spent on the card. These reward points can be redeemed for a wide range of options, including shopping vouchers, gifts, and air miles. One can also convert these reward points into cashback at the rate of 1 reward point equals Re. 0.25.

Discounts on Shopping: Cardholders can enjoy discounts on shopping at select partner stores under the SBI Card PRIME program. These discounts can range from 5% to 15%, depending on the store and the offer.

EMI Facility: Cardholders can also convert their high-value purchases into easy monthly installments (EMIs). This can help them manage their finances better and make larger purchases without worrying about the upfront payment.

Contactless Payment: The SBI Prime Credit Card comes with a contactless payment feature that allows cardholders to make quick and secure payments without the need to swipe or insert the card.

Fuel Surcharge Waiver: Cardholders can enjoy a fuel surcharge waiver of 1% on fuel transactions up to Rs. 4,000 at any petrol pump.

Easy Bill Payment: The SBI Prime Credit Card also makes it easy for cardholders to pay their utility bills through the Auto Bill Pay feature. This feature ensures that the bills are paid on time and helps cardholders avoid late payment charges.

Dining Benefits of SBI Prime Credit Card.

Dining Discounts: Cardholders can enjoy up to 15% discount at select partner restaurants under the SBI Card PRIME program. These discounts are applicable on food and beverages and can vary depending on the restaurant and the offer.

Dining Reward Points: Cardholders can also earn 10 reward points for every Rs. 100 spent on dining at partner restaurants. This can help them accumulate reward points faster and redeem them for a wide range of options, including shopping vouchers, gifts, and air miles.

Culinary Treats Program: Cardholders can enjoy a complimentary dish or beverage at select partner restaurants under the Culinary Treats Program. This program is available in select cities and can be availed once per month.

Gourmet Delights Program: Cardholders can also enjoy discounts on dining and home delivery orders from select partner restaurants under the Gourmet Delights Program. These discounts can range from 10% to 20%, depending on the restaurant and the offer.

Mastercard World Dining Program: Cardholders can enjoy exclusive benefits at select partner restaurants under the Mastercard World Dining Program. These benefits can include complimentary dishes, welcome drinks, and special discounts.

Lifestyle Benefits of SBI Prime Credit Card.

Membership to Club Vistara: Cardholders can enjoy a complimentary Club Vistara Silver membership. This membership offers a range of benefits, including priority check-in, extra baggage allowance, and lounge access, among others.

Movie Benefits: Cardholders can enjoy discounts on movie tickets and food and beverages at select cinemas under the SBI Card PRIME program. These discounts can range from 10% to 15%, depending on the cinema and the offer.

Health Benefits: Cardholders can enjoy discounts on health check-ups, pharmacy purchases, and diagnostic services at select partner healthcare providers under the SBI Card PRIME program. These discounts can range from 10% to 25%, depending on the provider and the offer.

Lifestyle Rewards: Cardholders can also earn reward points on lifestyle purchases, such as apparel, accessories, and jewelry. They can earn 1 reward point for every Rs. 100 spent on these purchases, which can be redeemed for a wide range of options, including shopping vouchers, gifts, and air miles.

Lounge Access: Cardholders can enjoy complimentary lounge access at select domestic airports under the Mastercard Lounge Access program.

Insurance Cover: The SBI Prime Credit Card also offers insurance coverage for lost baggage, missed connections, and delayed flights when traveling by air. Cardholders can enjoy up to Rs. 5 lakh of coverage for these incidents.

SBI Prime Credit Card vs Other Credit Cards.

When comparing the SBI Prime Credit Card with other credit cards, it is important to consider the benefits, fees, and interest rates offered by each card. Here is a comparison of the SBI Prime Credit Card with some popular credit cards in India

HDFC Regalia Credit Card: The HDFC Regalia Credit Card offers similar benefits to the SBI Prime Credit Card, including reward points on spending, dining benefits, and travel benefits. However, the HDFC Regalia Credit Card has a higher annual fee of Rs. 2,500 and a higher interest rate of 3.49% per month.

ICICI Bank Sapphiro Credit Card: The ICICI Bank Sapphiro Credit Card also offers similar benefits to the SBI Prime Credit Card, including reward points, dining benefits, and travel benefits. However, the ICICI Bank Sapphiro Credit Card has a higher annual fee of Rs. 2,999 and a higher interest rate of 3.50% per month.

American Express Platinum Travel Credit Card: The American Express Platinum Travel Credit Card offers travel benefits similar to the SBI Prime Credit Card, but with a higher focus on travel-related benefits. It has a higher annual fee of Rs. 5,000 and a higher interest rate of 3.50% per month.

 Citibank Cashback Credit Card: The Citibank Cashback Credit Card offers cashback benefits on spending, but with a lower annual fee of Rs. 500. However, it has a lower reward point earning rate and limited travel and dining benefits compared to the SBI Prime Credit Card.

conclusions

SBI Prime Credit Card offers a range of benefits in terms of rewards, dining, travel, shopping, and lifestyle benefits. It has a competitive annual fee of Rs. 2,999 and a relatively lower interest rate of 3.35% per month. When compared with other credit cards, the SBI Prime Credit Card offers a good balance of benefits and fees, making it a popular choice among cardholders.