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PRIME 2021

PRIME Fee and Charges

Last Updated 04th May 2021
Joining fees₹ 2,999
First Year Annual Fees ₹ 2,999
Renewal Fees from 2nd Year ₹ 2,999
Interest Rate/ Finance Charges per month3.35%
Brand Partner N/A
Late Payment Charges ₹ 950

PRIME Features

  • Enjoy Complimentary Club Vistara Silver membership. Get 1 complimentary Lounge Access Voucher and 1 Upgrade Voucher
  • Get your renewal fee waived off on spending ₹3 lakh a year
  • E-Gift Voucher worth ₹7,000 from Yatra.com/Pantaloons on achieving annual spends of ₹5 Lakhs
  • Enjoy complimentary Trident Privilege Red Tier Membership

PRIME Benefits

  • Get 20 reward points per ₹100 spent on Utility Bills payments
  • Get 15 reward points per ₹100 spent on BigBasket & Reliance stores
  • Get complimentary Trident Privilege Red Tier membership & exclusive 1000 points on registration
  • Get 10 Reward Points per ₹100 spent on Dining, Groceries, Departmental stores and Movies

PRIME Eligibility

An applicant needs to meet the following criteria to get PRIME from SBI:

  • Income: SBI requires a minimum monthly income of ₹ 33,000 or above is to be eligible for PRIME.
  • Age: The applicant should be of of minimum 21 years to be eligible for PRIME.
  • CIBIL: SBI require a minimum CIBIL score of 700 for issuing its PRIME.
  • Occupation: SBI offers this credit card to both, salaried and self employed professionals and businessman with regular source of income.
Eligibility ParametersCriteria
Income ₹ 33,000
Age Min 21 years
CIBIL Score700 and above
OccupationSalaried and Self Employed

More about Lifestyle Card

  • Live a dream lifestyle
  • Lifestyle card offers host of upgrades, services and benefits for those who frequently prefer to go on holidays with family/friends and enjoy a luxurious and personalized travel and stay experience.
  • Enjoy fine-dining with host of features such as priority booking, discount offers, rewards and customized support at participating restaurants.
  • Book flight tickets, hotel stay, movie tickets & recharge your mobile/DTH.
  • Get access to world class golf courses.
  • Some card offer a friendly escort to guide you in a new country, remove language barrier and ensuring that all arrangements are in place.
  • Complementary travel & medical insurance cover with some cards of this category.

More about Shopping Card

  • Get smart with your spendings.
  • Shopping card offers attractive cash back or reward points, every time you spend a certain amount on pre-specified categories on the card.
  • Easy to pay on your online shopping deals.
  • Saves time and effort of paying in cash.
  • Allows conversion of your shopping bills into convenient monthly payments (EMIs).
  • Earn Discount/Cash back or rewards points offers on pre-specified categories of spend or shopping outlets including dining, departmental stores, grocery and international spends.

More about Premium Card

  • Get priority customer benefits
  • Premium card is generally issued to premium and regular customer of banks and comes with host of benefits. Benefits are available as a reward points on multiple spend categories such as dining, movie tickets, and travel and luxury lifestyle benefits. So, apply for a card which offers multiple benefits.
  • Cash points or reward points on dining, departmental stores, international spends.
  • Access to airport lounges.
  • Access to world class golf courses.
  • Complimentary travel insurance.
  • Personalised services.
  • Discounts on movie tickets, dining bills etc.

FAQs

What charges I need to pay as joining fee for PRIME of SBI?

Joining fee charged on SBI PRIME is ₹ 2,999.

What is the annual fee for PRIME ?

Annual fee charged on PRIME is ₹ 2,999.

Can I waive off my annual fee on PRIME ?

no waiver on your PRIME annual fee.

Is there any late payment charge on PRIME ?

No, SBI does not charge any late payment fee on your PRIME.

What is the second year renewal fee on PRIME ?

SBI charges a second year renewal fee of ₹ 2,999 on your PRIME

What is the interest charge per month on PRIME ?

SBI charges an interest of 3.35% per month on PRIME.


SBI Credit Card Reviews 2.5/5  by 1 customers
MyLoanCare Service
2/5.0
Banks Service
3/5.0
Govind Bhai Darji, Ahmedabad
Reviewed on 14th Oct 2019
2.5 / 5 stars
SBI Credit Card Availed in Jun 2019

Good job.

SBI Credit Card News - May 2021
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
  • 2021-04-27 : SBI Card reported a Q4 profit of ₹175-crore profit
    SBI Card reported a net profit of ₹175 crores for the fourth quarter ended March 31, 2021. The profit was boosted by an increase in other income, lower provisioning for impairment and bad debts.
  • 2021-03-21 : SBI recorded digital transactions as high as 67%
    State Bank of India has recorded a considerable increase in its digital transactions. The bank reported 67% digital transaction in the post Covid period from earlier 60% in the pre Covid times. The increase is attributed to hike in e-commerce due to covid induced lockdown which restricted the movement.
  • 2021-01-08 : SBI and IOC launched co-branded RuPay debit card
    State Bank of India (SBI) and Indian Oil Corporation (IOC) launched a co-branded contactless RuPay debit card. It is a contactless card and transactions up to Rs 5,000 can be paid for with just a tap. The cardholder will get several attractive benefits and associated offers on the purchase of fuel.
  • 2020-12-16 : SBI Card, BPCL to launch credit card offering benefits to high fuel spending customers
    SBI Card launched BPCL SBI Card Octane jointly with BPCL offering maximum savings to consumers who spend a significant amount on fuel. The card is striving to offer maximum savings to the well-heeled consumer who spends a significant amount on fuel. The BPCL SBI Card Octane offers 25X reward points on spends for BPCL fuel and MAK Lubricants, Bharat Gas (LPG) spends (website and app only) and BPCL In and Out convenience store spends. Additionally, The card also offers a complimentary fraud liability cover of Rs 1 lakh.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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