INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: Mastercard / VisaTravel & Aviation CardsLast Verified: 2026-09-28

SBI Card MILES PRIME

एसबीआई कार्ड माइल्स प्राइम

Flexible travel rewards card offering 3,000 welcome Travel Credits, 1:1 air miles transfer across global airlines, and 8 domestic + 4 Priority Pass lounge visits.

Annual Fee₹2,999 + GST (Renewal: ₹2,999 + GST)

Reward Rate4 Travel Credits per ₹200 spent on Travel Bookings. 2 Travel Credits per ₹200 spent on all other retail categories.

Airport Lounge8 complimentary domestic airport lounge visits per year (max 2/quarter). 4 complimentary international airport lounge visits per year via Priority Pass.

Forex Markup3.00% + GST on foreign currency transactions.

What Is This Card

SBI Card MILES PRIME is a premium air-travel credit card designed for regular business travelers and holidaymakers who want the flexibility of multi-airline frequent flyer transfer partners without paying a super-premium ₹5,000 fee.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹2,999 + GST (Renewal: ₹2,999 + GST)

Fee Waiver: Spend ₹10,00,000 or more in the preceding membership year to get the annual renewal fee of ₹2,999 reversed.

🎁Welcome Benefit

3,000 Travel Credits (convertible 1:1 into 3,000 Air Miles or Hotel Loyalty Points) upon payment of joining fee.

⚡Reward Points Structure

4 Travel Credits per ₹200 spent on Travel Bookings. 2 Travel Credits per ₹200 spent on all other retail categories.

Redemption Value: 1 Travel Credit = 1 Air Mile or Hotel Loyalty Point across partner programs (1:1 conversion ratio).

🛫Airport & Railway Lounge Access

8 complimentary domestic airport lounge visits per year (max 2/quarter). 4 complimentary international airport lounge visits per year via Priority Pass.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Air Accident Liability Cover of ₹50 Lakhs.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 at all petrol pumps in India (maximum ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Up to 10,000 bonus Travel Credits on reaching annual spends of ₹5L and ₹8L. Spend ₹10 Lakhs for annual fee waiver.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Forex markup is 3.00% (higher than the 1.99% on the Elite variant). Annual fee waiver requires a steep ₹10 Lakhs spend. No complimentary golf privileges.

Forex Markup Fee3.00% + GST on foreign currency transactions.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.

Finance Charges (Interest)Up to 3.50% per month (42.00% per annum).

Late Payment SlabsNil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.

Reward Points ExpiryTravel Credits valid for 24 months from accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, utility payments, wallet loads, rent payments, educational payments, and government transactions.

Eligibility Criteria

Salaried corporate employees and self-employed professionals aged 21 to 70 years.

Age Requirement21 to 70 Years

Minimum Income₹6,00,000 per annum (Salaried) / ₹8,00,000 per annum (Self-Employed ITR)

CIBIL Score NoteRecommended CIBIL score of 740+.

SBI RelationshipNot mandatory.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select SBI Card MILES PRIME.

2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).

3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).

4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).

5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).

6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Available at any SBI branch with income proof.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card

2. Aadhaar Card / Passport

3. Last 3 months' salary slips with bank statement.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on SBI Card MILES PRIME?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum). will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on SBI Card MILES PRIME into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on SBI Card MILES PRIME?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 1 Travel Credit = 1 Air Mile or Hotel Loyalty Point across partner programs (1:1 conversion ratio). Please note: Travel Credits valid for 24 months from accrual.

What is the interest-free grace period on SBI Card MILES PRIME and how does it work?

The interest-free period on SBI Card MILES PRIME is 20 to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum).) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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