Bank of Maharashtra SBI Card Prime – Benefits, Fees & Eligibility

Introduction

The Bank of Maharashtra SBI Card PRIME is a premium co-branded credit card issued by Bank of Maharashtra in partnership with SBI Card, available on both Visa and RuPay networks. It is positioned as a lifestyle card designed to offer a rewarding experience, featuring a substantial welcome e-Gift Voucher, extensive domestic and international lounge access, and accelerated reward points on key spending categories like dining, groceries, and utility bill payments.

Welcome Benefits

• Welcome e-Gift voucher worth Rs. 3,000.
• Choose the welcome gift from an array of travel and lifestyle brands including Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.

Fees & Charges Breakdown

• Annual Fee: Rs. 2,999 + taxes.
• Renewal Fee (per annum): Rs. 2,999 + taxes, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee is waived on annual spends of Rs. 3 lakhs.
• Add-on Card Fee (per annum): Nil.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India.
• Maximum Fuel Surcharge Waiver: Capped at Rs. 250 per month, per statement cycle.

Rewards & Cashback Structure

• Utility Bill Payments: Get 20 Reward Points on utility bill payment standing instructions. After accumulating 3000 points, earn 2 Reward Points for every Rs. 100 spent on utility bills.
• Accelerated Rewards: Earn 10 Reward Points per Rs. 100 on dining, departmental stores, and grocery spends.
• General Spends: Earn 2 Reward Points per Rs. 100 on all other retail spends, except fuel.
• Birthday Benefit: Earn 20 Reward Points per Rs. 100 on birthday spends. This is valid one day before, on, and one day after your birthday.
• Birthday Reward Cap: Birthday reward points are capped at 2,000 per calendar year.
• Reward Redemption: Pay your outstanding card bill using reward points, where 4 Reward Points equal Re. 1.
• Milestone Benefits:
  • Earn a Pizza Hut e-Voucher worth Rs. 1,000 on quarterly spends of Rs. 50,000 (Prime Pro cardholders receive a voucher worth Rs. 500 on the same spends).
  • Receive an E-Gift Voucher worth Rs. 7,000 from Yatra.com/Pantaloons on annual spends of Rs. 5 lakhs.

Travel, Lounge & Lifestyle Perks

• International Lounge Access:
  • Complimentary membership to the Priority Pass Program, valued at $99.
  • Receive 4 complimentary International Priority Pass Lounge visits per calendar year, outside India (maximum 2 visits per quarter).
  • Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership is valid for 2 years.
• Domestic Lounge Access: Enjoy 8 complimentary domestic airport lounge visits per calendar year (maximum 2 visits per quarter).
• ITC Silver Tier Membership: Complimentary 1-year Club ITC Silver Tier Membership.
• Network Privileges (Visa):
  • Savings of up to 10% on Hertz car rental.
  • Savings of up to 35% on Avis Car Rentals.
  • Exclusive benefits across 900 luxury hotels worldwide.
• Network Privileges (RuPay):
  • Up to 15% Cashback on Hotels and Flight bookings via MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on Shopping at Lifestyle Stores.

Credit Card Review

The Bank of Maharashtra SBI Card PRIME is well-suited for individuals who frequently spend on dining, groceries, and utility bills, and who value extensive travel benefits. The card offers a strong welcome bonus and significant milestone rewards that can offset the annual fee if spending thresholds are met. Its comprehensive lounge access, both domestic and international, makes it an attractive option for regular travelers. While the annual fee is on the higher side, the accelerated reward structure and various lifestyle perks provide substantial value for a premium card user.

Important Product Details

• Contactless Advantage: Tap & Pay functionality for effortless, fast, convenient, and secure everyday payments.
• Global Acceptance: Accepted in over 24 million outlets globally, including 3,25,000 outlets in India.
• Cash Access Across the World: Withdraw cash from over 1 million Visa, Mastercard, and American Express ATMs across the globe.
• Fraud Liability Cover: Complimentary credit card fraud liability cover of Rs. 1 lakh. Coverage applies from 48 hours before reporting the loss up to 7 days after reporting.
• Flexipay: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards: Empower family members (parents, spouse, children, or siblings above 18 years) with add-on cards at no additional fee.
• Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your SBI Card PRIME at a lower interest rate and repay in easy EMIs.
• Utility Bill Payment Facility: Pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Safe and Secure: The card is chip and PIN enabled, offering enhanced security against counterfeiting and skimming.
• Emergency Card Replacement: Get your SBI Card PRIME replaced anywhere in the world (available for Visa and MasterCard). A 24x7 helpline is available for emergency card replacement, even while traveling abroad.

Other Details

• This is a co-brand product, and there may be fee and revenue sharing between SBI Card and Bank of Maharashtra.
• All applicable taxes would be charged on all fees, interest, and other charges.
• All information provided is subject to change at the discretion of SBICPSL.
• For assistance, customers can call the SBI Card helpline at 1860 180 1290 or 39020202 (prefix local STD code).
• To apply for the Bank of Maharashtra SBI Card PRIME, visit the nearest Bank of Maharashtra Branch.
• Detailed Terms & Conditions and Most Important Terms & Conditions are available for reference.