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: Visa / MastercardSalaried & Everyday CardsLast Verified: 2026-09-28

SBI Card PRIME Advantage

एसबीआई कार्ड प्राइम एडवांटेज

Deposit-backed premium card offering ₹3,000 welcome voucher, 8 domestic + 4 Priority Pass lounge visits, and 10X dining rewards.

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

Reward Rate10 Reward Points per ₹100 spent on Dining, Groceries, Departmental Stores, and Movies. 2 Reward Points per ₹100 on other retail.

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

Forex Markup3.50% + GST.

What Is This Card

SBI Card PRIME Advantage offers the complete lifestyle, dining, and Priority Pass lounge benefits of the standard PRIME card, but is secured against an SBI Fixed Deposit (₹30,000+), enabling professionals without traditional income documentation to access prime credit privileges.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹2,999 + GST (Renewal: ₹2,999 + GST)

Fee Waiver: Spend ₹3,00,000 or more in the preceding membership year to get the annual renewal fee of ₹2,999 reversed.

🎁Welcome Benefit

e-Gift Voucher worth ₹3,000 from choice of top retail brands: Bata, Pantaloons, Shoppers Stop, or Yatra.com.

⚡Reward Points Structure

10 Reward Points per ₹100 spent on Dining, Groceries, Departmental Stores, and Movies. 2 Reward Points per ₹100 on other retail.

Redemption Value: 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25).

🛫Airport & Railway Lounge Access

8 complimentary domestic lounge visits per year (max 2/quarter). 4 complimentary international lounge visits 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 (maximum ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Quarterly Pizza Hut voucher worth ₹1,000 on spending ₹50,000. Yatra voucher worth ₹7,000 on spending ₹5,00,000 annually.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Requires maintaining a locked Fixed Deposit. Spend threshold of ₹3 Lakhs to waive the annual fee. 3.50% forex markup on international transactions.

Forex Markup Fee3.50% + GST.

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 ExpiryPoints valid for 24 months from accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel, utilities, rent, wallet reload, and government services.

Eligibility Criteria

Individuals aged 21 to 70 years holding an active SBI Fixed Deposit of ₹30,000 or higher.

Age Requirement21 to 70 Years

Minimum IncomeSecured against SBI Fixed Deposit (₹30,000+); zero income proof required

CIBIL Score NoteNo previous credit history required.

SBI RelationshipMandatory. Must hold an SBI Fixed Deposit.

How to Apply (Official Procedure)

Online Digital Application Flow

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

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

Apply at any SBI branch with Fixed Deposit Advice and PAN.

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

Documents Required

1. PAN Card

2. Aadhaar Card

3. Copy of SBI Fixed Deposit Receipt.

Frequently Asked Questions (Official MITC)

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

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 PRIME Advantage 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 PRIME Advantage?

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. 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25). Please note: Points valid for 24 months from accrual.

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

The interest-free period on SBI Card PRIME Advantage 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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