Lifestyle Home Centre SBI Card Prime – Benefits, Fees & Eligibility

Introduction

The Lifestyle Home Centre SBI Card Prime is a reward-based credit card designed for individuals who frequently shop and dine out. It offers accelerated reward points for spending at Landmark Stores, dining, and movies. The card also provides complimentary domestic lounge access and a fuel surcharge waiver, making it a comprehensive offering for lifestyle benefits.

Welcome Benefits

• Get 12,000 bonus reward points, equivalent to INR 3,000, on payment of the annual fees.
• Reward Points will be credited to the cardholder's account within 30 days of annual fee payment.
• Receive Rs. 100 cashback on the first ATM withdrawal, if done within 30 days of receiving the card.

Fees

• Joining Fee: Rs. 2,999 + GST / Taxes (one-time)
• Renewal Fee: Rs. 2,999 + GST / Taxes (per annum)
  • Get 12,000 reward points worth Rs. 3,000 on payment of the renewal fee, credited within 30 days.
• Add-on Fee: Nil (per annum)
• Rewards Redemption Fee: Rs. 99
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.50% per month
• Fuel Surcharge:
  • 1% fuel surcharge waiver on transactions of Rs. 500 - Rs. 4,000 across all petrol pumps in India, exclusive of GST and other charges.
  • Maximum surcharge waiver of Rs. 250 per statement cycle per credit card account.
• Cash Advance Charges: 2.5% or Rs. 500, whichever is higher, at national & international ATMs.

Rewards

• Accelerated Reward Points
  • Earn 15 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, and Spar).
  • Earn 10 Reward Points on every Rs. 100 spent at Dining & Movies.
  • Earn 2 Reward Points per Rs. 100 spent on other retail purchases (non-fuel).
• Milestone Benefits
  • Cumulative milestone benefit up to 58,000 Reward Points, worth Rs. 14,500.
  • Earn 20,000 bonus Reward Points on overall annual retail spends of Rs. 500,000.
  • Earn bonus Reward Points on annual spends across all Landmark Stores:
    • 6,000 bonus Reward Points on annual spends of Rs. 40,000.
    • 12,000 bonus Reward Points on annual spends of Rs. 100,000.
    • 20,000 bonus Reward Points on annual spends of Rs. 180,000.
  • Additionally, one source mentions:
    • 8,000 reward points on yearly spend of Rs. 40,000 at all Landmark Outlets.
    • 2,000 reward points on annual spent of Rs. 200,000.
• Travel Benefits
  • Enjoy 8 complimentary visits per year to Domestic Airport lounges (subject to a maximum of 2 visits per quarter).
    • Unutilized access will lapse at the end of the quarter and cannot be carried to the next quarter.
    • Any accompanying guests (including children) will be charged at the time of entry to the lounge.
  • Receive complimentary Priority Pass Membership worth USD 99.
  • Enjoy 4 complimentary international visits per year (limited to 2 visits per quarter) with the Priority Pass membership.
    • Standard membership of the Priority Pass program is complimentary.
    • Usage beyond complimentary visits will be charged at USD 27 plus applicable taxes per visit.
    • To apply for the Priority Pass Card, visit sbicard.com.

Rewards Redemption Guide

• Redeem your Reward Points instantly at Lifestyle, Home Centre, Spar, and Max stores.
• Reward Point Conversion Rates:
  • 1 Landmark Reward = 2.4 SBI Reward Point
  • 1 SBI Card Reward Point = Rs. 0.24
  • 1 Landmark Reward = Rs. 0.60
  • 4 Reward Points = Re. 1

Card Eligibility Criteria

• The applicant’s age should be between 23-60 years.
• The income requirement is solely based on the bank’s discretion.
• The applicant must have a good credit score, preferably above 650.

Card Review

The Lifestyle Home Centre SBI Card Prime is an excellent choice for individuals who are frequent shoppers at Landmark Stores, and also enjoy dining and movies. It provides substantial reward points on these spending categories, alongside significant milestone benefits that can offer considerable value. The card also caters to travel needs with complimentary domestic and international lounge access. For those who already manage their credit responsibly with a score above 650, this card can be a valuable addition to their wallet, helping them build a strong credit profile while enjoying lifestyle perks.

Important Product Details

• Key Benefits:
  • High reward points on spends at Lifestyle, Home Centre, Max, and Spar stores (15 RPs per Rs. 100).
  • Accelerated rewards for dining and movies (10 RPs per Rs. 100).
  • Generous milestone benefits, offering up to 58,000 RPs (worth Rs. 14,500) annually.
  • Complimentary domestic airport lounge access (8 visits per year, max 2 per quarter).
  • Complimentary Priority Pass membership with 4 international lounge visits per year.
  • 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 4,000 (max Rs. 250 waiver per cycle).
  • Nil add-on card fee for family members.
  • Contactless payment advantage for quick and secure transactions.
  • Option to convert transactions of Rs. 2,500 or more into easy monthly installments (Flexipay).
  • Balance Transfer on EMI facility to transfer outstanding balances from other credit cards at a lower interest rate.
  • Global acceptance at over 24 million outlets.
  • Easy cash withdrawal from over 1 million Visa ATMs globally.
  • Utility bill payment facility.
• Key Fees and Charges:
  • Annual Fee: Rs. 2,999 + GST.
  • Renewal Fee: Rs. 2,999 + GST.
  • Rewards Redemption Fee: Rs. 99.
  • Foreign Currency Markup: 3.5%.
  • Interest Rate: 3.50% per month.
  • Cash Advance Charges: 2.5% or Rs. 500 (whichever is higher).

Other Details

• Contactless Advantage:
  • Facilitates daily purchases by simply waving the card at a secure reader.
  • Offers fast and convenient transactions without needing cash or coins for small purchases.
  • Enhances security as the card never leaves your hand, reducing the risk of card loss and skimming.
  • Visa payWave's unique security key ensures only one transaction goes through even if the card is waved multiple times.
• Flexipay:
  • Allows conversion of any purchase worth Rs. 2,500 or more into easy monthly installments.
  • Conversion must be initiated within 30 days of the purchase via sbicard.com.
• Balance Transfer on EMI:
  • Enables transfer of outstanding balances from other bank’s credit cards to Lifestyle Home Centre SBI Card PRIME.
  • Offers a lower interest rate and repayment in easy EMIs.
  • Service can be availed by logging into sbicard.com.
• Global Acceptance:
  • The card is accepted in over 24 million outlets worldwide, including 3,25,000 outlets in India.
• Add-on Cards:
  • Primary cardholders can apply for add-on cards for their parents, spouse, children, or siblings above the age of 18, with no annual fee.
• Cash on the Go:
  • Allows cash withdrawals from over 1 million Visa ATMs across the globe.
• Utility Bill Payment Facility:
  • Use the Easy Bill Pay facility on the card to pay electricity, telephone, mobile, and other utility bills.
• Payment Settlement:
  • All payments made for a cardholder account are settled in a specific order, details of which are available via a link on the SBI Card website.
• Important Notes:
  • Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
  • All applicable taxes will be charged on fees, interest, and other charges.
  • The value proposition of co-brand products like this may be jointly funded by SBI Card and the co-brand partner, involving fee and revenue sharing.
• Customer Assistance:
  • For assistance, call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.