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 / Mastercard / American ExpressSalaried & Everyday CardsLast Verified: 2026-09-28

SBI Card PRIME

एसबीआई कार्ड प्राइम

Premier salaried lifestyle credit card offering ₹3,000 welcome voucher, 8 domestic + 4 international Priority Pass lounge visits, and ₹11,000 in annual milestone vouchers.

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

Reward Rate10 Reward Points per ₹100 spent on Dining, Groceries, Departmental Stores, and Movie tickets. 2 Reward Points per ₹100 on all other retail spends.

Airport Lounge8 complimentary domestic airport lounge visits per year (max 2 visits per quarter). Complimentary Priority Pass Membership with 4 complimentary international airport lounge visits per calendar year (max 2 visits per quarter).

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

SBI Card PRIME is a premier salaried lifestyle credit card engineered for mid-to-senior corporate professionals, managers, and frequent domestic/international flyers. It delivers high-impact milestone vouchers, airport lounge access (domestic and international via Priority Pass), and accelerated dining rewards.

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/Hush Puppies, Pantaloons, Shoppers Stop, Aditya Birla Fashion, or Yatra.com.

⚡Reward Points Structure

10 Reward Points per ₹100 spent on Dining, Groceries, Departmental Stores, and Movie tickets. 2 Reward Points per ₹100 on all other retail spends.

Redemption Value: 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25). 10 points per ₹100 equals 2.50% value back.

🛫Airport & Railway Lounge Access

8 complimentary domestic airport lounge visits per year (max 2 visits per quarter). Complimentary Priority Pass Membership with 4 complimentary international airport lounge visits per calendar year (max 2 visits per quarter).

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Air Accident Liability Cover of ₹50 Lakhs. Lost Card Liability cover of up to ₹1 Lakh.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (maximum waiver of ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Quarterly Pizza Hut e-voucher worth ₹1,000 on spends of ₹50,000 (up to ₹4,000/year). Yatra.com e-voucher worth ₹7,000 on achieving annual spends of ₹5,00,000. Annual fee waiver on ₹3,00,000 annual spend.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Forex markup remains at 3.50%, making it sub-optimal for heavy overseas shopping compared to super-premium cards. Priority Pass complimentary international visits are capped at 4 per year. Annual fee of ₹2,999 requires ₹3 Lakh spend to waive.

Forex Markup Fee3.50% + GST on foreign currency transactions.

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

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

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 ExpiryReward points expire 24 months (2 years) from the date of 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 professionals or established self-employed business owners 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 750+.

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 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

Apply at any SBI branch through the Wealth/Premier Relationship Desk with income proof and bank statements.

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

Documents Required

1. PAN Card

2. Proof of Identity & Address (Aadhaar, Passport)

3. Last 3 months' salary slips with Form 16 OR Last 2 years' audited ITR with computation sheet.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on SBI Card 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) on revolving balances. 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 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?

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). 10 points per ₹100 equals 2.50% value back. Please note: Reward points expire 24 months (2 years) from the date of accrual.

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

The interest-free period on SBI Card 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) on revolving balances.) 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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