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Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The State Bank of India provides its customers with the SBI Card PRIME which is a credit card offering a wide range of rewards. This SBI Credit card gives you joining benefits along with reward points for transactions done through various categories such as travel, fuel and, lifestyle.
The SBI Card PRIME is among the premium credit cards offered by SBI which is curated specifically for frequent travelers and for the people who make most of their purchases online.
The credit card limit of this credit card is at the discretion of the bank. In order to decide the limit for a particular credit card, the bank considers a number of factors such as the credit history of the applicant, credit score along with the repayment behavior of past and current debts.
You can redeem your reward points through State Bank of India net banking. Here are the steps which need to be followed:
| Type of Charge | Amount |
|---|---|
| Annual fee | Rs.2,999 |
| Joining fee | Rs.2,999 |
| Renewal fee | Rs.2,999 (From 2nd year) |
| Add-On card fee | Nil |
| Interest rate | Up to 3.35% per month |
| Cash withdrawal fee |
2.5% of the amount withdrawn or Rs.300 (SBI ATMs) 3% of the amount withdrawn or Rs.300 (International ATMs) |
| Cash payment fee | Rs.100 |
| Cheque pickup | Rs.100 |
| Payment dishonor fee | 2% of the payment amount; minimum of Rs.450 |
| Statement request | Rs.100 per statement (more than 2 months old) |
| Cheque fee | Rs.100 |
| Late payment |
From Rs.0 - Rs.200 - Nil more than Rs. 200 up to Rs. 500 - Rs.100 More than Rs. 500 up to Rs. 1,000 - Rs.400 More than Rs.1,000 up to Rs. 10,000 - Rs.600 More than Rs. 10,000 up to Rs. 25,000 - Rs.800 More than Rs. 25,000 - Rs.950. |
| Over limit fee | 2.5% of the over limit amount; minimum of Rs.500 |
| Card replacement | Rs.100 |
| Foreign currency transaction | 3.5% |
| Rewards redemption fee | Rs.99 |
*The list of documents mentioned above is indicative and additional documents might be asked for when you apply for the PRIME credit card.
Yes, the SBI Card PRIME is powered with contactless technology that enables swipe-less transactions at POS terminals.
Yes, you can use the card anywhere across the globe. The SBI Card PRIME is accepted at over 24 million outlets across the world. A foreign transaction fee of up to 3.5% of the transaction amount will be charged every time you use the card abroad.
If you have lost your SBI Card PRIME in India, you can report it immediately to the bank by calling its 24x7 helplines 1860 180 1290 or 39 02 02 02 (prefix local STD code). In case you lost the card abroad, you can call the respective Visa helpline number specific of the country to report the loss. The list of toll-free numbers of more than 70 countries is available on SBI website or Visa website.
You can apply for up to 2 add-on credit cards on your SBI Card PRIME Credit Card.
Yes, SBI Card PRIME comes with a balance transfer on EMI facility that allows you to transfer the outstanding balance on your other bank credit cards to SBI PRIME Credit Card. Once the amount is transferred, you can pay it back in easy monthly installments at a lower interest rate in flexible tenures.
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