Karnataka Bank Prime SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The Karnataka Bank SBI Card PRIME is a co-branded credit card issued by SBI Card in partnership with Karnataka Bank. Positioned as a mid-range offering, it provides a rewarding experience through a welcome e-gift voucher, comprehensive lounge access benefits, and accelerated reward points on various spend categories, alongside attractive milestone benefits.

Welcome Benefits

• Receive a welcome e-Gift voucher worth Rs. 3,000.
• Choose from an array of travel and lifestyle brands including Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shopper Stop.
• The voucher link will be sent to the cardholder’s registered email ID and mobile number within 21 days, post realization of the annual fees.
• Cardholders need to log in to the portal using their registered mobile number and OTP authentication to redeem the voucher.

Fees

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

Rewards

• Prime Rewards

  • 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.
  • Earn 10 Reward Points on dining, departmental stores, and grocery spends.
  • Earn 2 Reward Points per Rs. 100 on all other retail spends, except fuel.

• 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.

• Lounge Benefits

  • Complimentary membership to the Priority Pass Program, valued at $99.
  • Receive 4 complimentary International Priority Pass Lounge visits per calendar year, valid outside India (maximum 2 visits per quarter).
  • Enjoy 8 complimentary domestic airport lounge visits per calendar year (maximum 2 visits per quarter).
  • Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership is valid for 2 years.
  • To receive your Priority Pass, call customer helpline numbers: 1860 180 1290 or 39020202 (prefix Local STD code).

• ITC Silver Tier Membership

  • Complimentary 1-year Club ITC Silver Tier Membership.

• Birthday Benefit

  • Earn 20 Reward Points per Rs. 100 on birthday spends. This benefit is valid one day before, on, and one day after your birthday.
  • Reward Points for birthday spends are capped at 2,000 per calendar year.

• Network Privileges (Visa/RuPay)

  • Visa Privileges:
    • Savings of up to 10% on Hertz car rental and up to 35% on Avis Car Rentals.
    • Exclusive benefits across 900 luxury hotels worldwide.
  • RuPay Privileges:
    • 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.
  • These offers are brought to you by VISA/RuPay and are governed by their respective Terms & Conditions.

Rewards Redemption Guide

• You can pay your outstanding card bill using your accumulated reward points.
• The redemption value is 4 Reward Points = Re. 1.

Important Product Details

• Contactless Advantage:
  • Tap & Pay with ease for effortless, fast, and convenient everyday payments.
  • Your card remains in your hand during transactions, enhancing security and reducing the risk of loss or fraud.
  • Visa payWave’s unique security key ensures that only one transaction is processed even if the card is tapped multiple times.
• Global Acceptance:
  • The card is accepted in over 24 million outlets globally, including 3,25,000 outlets in India.
• Fraud Liability Cover:
  • Receive 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.
• Cash Access Across the World:
  • Withdraw cash from over 1 million Visa, Mastercard, and American Express ATMs across the globe.
• Flexipay:
  • Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards:
  • Empower your family members with add-on cards for your parents, spouse, children, or siblings above the age of 18.
• Balance Transfer on EMI:
  • Save money on your credit card repayments by transferring outstanding balances of other banks’ credit cards to your SBI Card PRIME at a lower interest rate and repaying in easy EMIs.
• Utility Bill Payment Facility:
  • Pay your electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
• Safe and Secure:
  • The chip and PIN enabled SBI Card PRIME offers 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 travelling abroad.
  • In case your card is lost in India, call 39 02 02 02 (prefix local STD code) or 1860 180 1290.

Other Details

• This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
• All applicable taxes would be charged on all fees, interest, and other charges.
• Your continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions.
• For assistance, please call the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• All information provided is correct as on date and is subject to change at the discretion of SBICPSL.
• Submit account payee cheques following CTS 2010 standards for timely processing of your cheque payments.
• To apply for the Karnataka Bank SBI Card PRIME, visit the nearest Karnataka Bank Branch.
• Detailed Terms & Conditions and other important documents are available for reference.