Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Spar SBI Card PRIME

    If you are a frequent online shopper then you can apply for the Spar SBI Card Prime Credit Card which on usage allows you to enjoy various benefits and privileges. The process to apply for the credit card is very easy and can be used over 24 million outlets all over the world.

    Benefits of using Spar SBI Card Prime

    Given below is the list of benefits of using Spar SBI Card Prime:

    Welcome Benefits

    • You can earn 12,000 reward points which is equivalent to Rs.3,000, within 30 days of the payment of the annual fee.

    Reward Benefits

    • For every Rs.100 spent on online and retail landmark stores such as Home Centre, Lifestyle, Max, and Spar, you will earn 15 reward points.
    • For every Rs.100 spent on movies and dining, you will earn 10 reward points.
    • For every Rs.100 spent on other non-fuel retail purchases, you will earn 2 reward points.
    • 4 reward points is equal to 1 rupee.

    Milestone Benefits

    • If you spend on retail worth Rs.5 lakh annually, then you will earn 20,000 reward points.
    • You can earn cumulative milestone benefit of up to 58,000 reward points which is worth Rs.14,500.
    • On spending Rs.40,000 annually across all Landmark stores, you will earn 6,000 bonus reward points.
    • On spending Rs.1 lakh annually across all Landmark stores, you will earn 12,000 bonus reward points.
    • On spending Rs.1.8 lakh annually across all Landmark stores, you will earn 20,000 bonus reward points.

    Fuel Surcharge Waiver

    • On spending anything between Rs.500 and Rs.4,000 on fuel across any petrol pumps in India, you can get your fuel surcharge of 1% waived off.
    • The maximum surcharge waived off is Rs.250 per statement cycle.

    Renewal Benefits

    • On paying your renewal fees while renewing your credit card, you will earn 12,000 reward points worth Rs.3,000.
    • The reward points will be credited to your credit card account within 30 days of the payment of the renewal fee.

    Reward Redemptions

    • You can enjoy dual benefits by converting your reward points to Landmark Rewards. You must note that 1 Landmark Rewards is equal to 2.4 SBI Card Reward Points.
    • 1 Landmark Reward is equal to Rs.0.60.

    Domestic Airport Lounge Access

    • You can use this credit card to enjoy up to 8 complimentary visits to any airport lounge in India. However, you can make only 2 complimentary visits to any domestic airport lounge for each quarter.
    • In case you fail to utilise the option of 2 complimentary airport lounge per quarter, the benefit will lapse and cannot be carried forward to next quarter.
    • In case you access the domestic airport longe beyond the complimentary visits, then you will be charged as per the lounge access rates.
    • If you have guests accompanying them, then an entry charge will be payable.

    Complimentary Priority Pass Membership

    • You can apply for complimentary priority pass membership worth $99. You can enjoy up to 4 complimentary visits annually and 2 visits per quarter.
    • Post the availing of your complimentary visits, you will be charged a fee of $27 plus taxes on your credit card.

    Features of using Spar SBI Card Prime

    Given below is the list of features of using Spar SBI Card Prime:

    Welcome Offer If you make your first ATM withdrawal within 30 days of receiving your credit card, then you will earn cashback worth Rs.100.
    Contactless Advantage
    • You can enjoy contactless payment by simply waving your card at a secured reader to complete the transaction.
    • The whole process of paying through your contactless Spar SBI Card Prime is fast and convenient.
    • The card comes with brilliant security features as it never leaves your hand during the transaction process which minimises the chance of it getting misplaced. Even if your card is swiped multiple times, the Visa payWave’s unique security key feature ensures that only one transaction takes place.
    Accepted Worldwide
    • This card is accepted across 24 million outlets all across the world including 3.25 lakh outlets in India.
    • This card can be used at any outlet which accepts Visa cards.
    Add-On Cards You can avail the add-on credit card facility for your family members aged 18 years and above.
    Withdraw cash globally You can withdraw cash from over 1 million ATMs anywhere in the world.
    Payment of utility bills You can use this card to pay your utility bills by using the Easy Bill Pay facility.
    Balance Transfer on EMIs You can transfer your existing dues off other bank’s credit card to your Spar SBI Card Prime and clear it via EMIs at lower interest rates.
    Flexipay If you make a transaction of Rs.2,500 and above on your Spar SBI Card Prime, you can convert it into easy monthly installment by using the Flexipay facility. You will have to log in to your sbicard.com using your username and password within 30 days of making the transaction to avail this facility.
    Easy Money facility You can use the Easy Money facility to get a cheque or a demand draft against your cash limit. The cheque or the demand draft will be delivered to your communication address.

    Fees and Charges

    Fees and charges Amount to be paid
    Annual Fee (one-time) Rs.2,999 + GST
    Renewal Fee (per annum) Rs.2,999 + GST
    Add-on Fee (per annum) NIL
    Cheque pickup Rs.100
    Cheque Fee Rs.100 (Up to Rs.10,000 if payment made through cheque)
    Payment Dishonor fee 2% of the amount subject to a minimum of Rs.500
    Retrieval of statement fee Rs.100 for statement more than 2 months old
    Late payment fee
    • Nil for amount between Rs.0 and Rs.500
    • Rs.400 for amount more than Rs.500 and up to Rs.1,000
    • Rs.750 for amount more than Rs.1,000 and up to Rs.10,000
    • Rs.950 for amount more than Rs.10,000
    Overlimit 2.5% of the overlimit amount subject to a minimum of Rs.500
    Card replacement Rs.100
    Emergency card replacement when abroad NIL
    Foreign currency transaction 3.5%
    Markup Fee
    • For all cards except Elite: 3.5%
    • For Elite cardholders: 1.99%
    Rewards redemption fee Rs.99
    Cash payment fee Rs.199
    Extended credit
    • Interest free credit period ranging between 20 to 50 days if the outstanding bill for the previous month has been cleared
    • Finance Charges: Rs.25 or 3.35% per month whichever is higher, from the transaction date
    • Minimum amount due : 5% of the total outstanding amount (Minimum of Rs.200 + taxes applicable + EMIs (in case of EMI based products) + Overlimit amount (if any))
    Cash advance
    • Cash advance limit is up to 80% the credit limit subject to a maximum of Rs.15,000 per day
    • Free Credit period: NIL
    • Finance Charges: Rs.25 or 3.35% per month whichever is higher, from the withdrawal date
    Cash advance fee
    • SBI or other ATMs: 2.5% of the amount transacted subject to a minimum of Rs.500
    • International ATMs: 2.5% of the amount transacted subject to a minimum of Rs.500
    Surcharges
    • Railway tickets booked through counters: Rs.30 +2.5% of the total amount
    • Railway tickets booked through irctc.co.in: 1.8% of the total amount + service charges
    • For petrol and other fuels: 1% surcharge waiver for amount between Rs.500 and Rs.3,000
    • Maximum surcharge waiver of Rs.100 per statement cycle

    Order of Payment Settlement

    All payments will be settled in the order of minimum amount due to paid (inclusive of all taxes applicable + EMIs on EMI based products + 5% of total outstanding amount), fees and other charges, interest rate charged, balance transfer amount, cash advance, and outstanding purchase amount.

    How to apply for Spar SBI Card Prime

    Online

    You can apply for Spar SBI Card Prime online by following the steps given below:

    • Visit the SBI Card website.
    • On the menu section, click on ‘Credit Cards’, click on ‘Shopping’.
    • From the list of credit cards displayed, find and click on Spar SBI Card Prime.
    • Under ‘Apply Now for Spar SBI Card Prime’ provide details such as your name, email ID, city, and mobile number.
    • Verify your details with a One-Time Password (OTP) sent to your registered mobile number.
    • Tick the box where you verify the officials from SBI Card to contact your credit card application.
    • Click on ‘Apply Now’.

    You can also SMS SPAR to 5676791 from your registered mobile number to apply for Spar SBI Card Prime.

    FAQs

    1. Is there a limit for contactless transaction amount?

      Contactless payment is allowed up to an amount of Rs.2,000 where you won’t be required to provide your PIN. Any amount above Rs.2,000 will require you to provide your PIN number. However, you can also choose the option of providing your PIN for amount below Rs.2,000 as well.

    2. I lost my card. What should I do?

      You must immediately get in touch with an SBI customer care executive and ask them to block your SBI credit card. You will also have to file an FIR and provide a copy of it to the bank.

    3. Could I unknowingly make a purchase if I walk past a card reader?

      No, your card has to be within 4 cm of the card reader for more than half a second for a transaction to take place. The retailer will also have to enter the transaction amount before you can make any transactions through your card.

    4. I found my card which I had blocked? Can I use it?

      No, do not use your card if you find it after getting it blocked. Destroy the card by cutting it through the magnetic strip. The bank will issue you a new card after you have got your old card blocked.

    5. Is there any difference in the process for internet and ATM transactions for the contactless payment through Spar SBI Card Prime?

      No, there is no difference in the process for internet and ATM transactions. For internet transactions you will be required to provide your 3D secure pin or an OTP, and for ATM transactions, you will have to provide your PIN.

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