PSB SBI Card PRIME – Benefits, Fees & Eligibility

Introduction

The PSB SBI Card PRIME, issued by SBI Card in partnership with PSB Bank, is positioned as a mid-range to premium credit card designed for individuals seeking a rewarding lifestyle. Its key differentiating benefits include a substantial welcome e-Gift Voucher, comprehensive lounge access both domestically and internationally, and attractive milestone benefits for high spenders, alongside accelerated reward points on various spending categories.

Welcome Benefits

• Welcome e-Gift voucher worth Rs. 3,000.
• Choice of brands for the welcome gift includes Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.

Fees

• Joining Fee: Rs. 2,999 + taxes
• Renewal Fee (per annum): Rs. 2,999 + taxes from the second year onwards.
• Add-on Card Fee (per annum): Nil.
• Spend-Based Waiver: 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 Rs. 250 per month, per statement cycle.
  • Extra service tax is applicable on the surcharge.

Rewards

• Prime Rewards:
  • Earn 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.
  • Get 10 Reward Points on dining, departmental stores, and grocery spends.
  • Earn 2 Reward Points per Rs. 100 on all other retail spends, except fuel.
  • Earn 20 Reward Points per Rs. 100 on birthday spends (valid one day before, on, and one day after your birthday).
    • Birthday Reward Points are capped at 2,000 per calendar year.
• 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 Access:
  • Complimentary membership to the Priority Pass Program, valued at $99.
  • 4 complimentary International Priority Pass Lounge visits per calendar year, outside India (maximum 2 visits per quarter).
  • 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.
• ITC Silver Tier Membership:
  • Complimentary 1-year Club ITC Silver Tier Membership.
• Network Privileges:
  • Visa Privileges:
    • Savings of up to 10% on Hertz car rental.
    • 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 reward points.
• The redemption value is 4 Reward Points = Re. 1.

Important Product Details

• Positive Highlights:
  • Generous welcome e-Gift voucher of Rs. 3,000.
  • Accelerated reward points on key spending categories like utility bills, dining, departmental stores, groceries, and birthday spends.
  • Significant milestone benefits, including vouchers worth Rs. 1,000 and Rs. 7,000 for achieving spend targets.
  • Extensive lounge access with 4 international and 8 domestic complimentary visits annually, along with Priority Pass membership.
  • Complimentary 1-year Club ITC Silver Tier Membership.
  • 1% fuel surcharge waiver up to Rs. 250 per month.
  • Nil add-on card fee.
  • Renewal fee waiver on annual spends of Rs. 3 lakhs.
  • Global acceptance and contactless payment feature.
  • Complimentary fraud liability cover of Rs. 1 lakh.
  • Options for Flexipay and Balance Transfer on EMI.
• Negative Highlights:
  • Reward points for birthday spends are capped at 2,000 per calendar year.
  • Fuel spends are excluded from general retail reward point earnings.
  • Utility bill payment rewards have a higher earn rate only for the first 3000 points, then drop to a lower rate.
  • Priority Pass complimentary membership is valid for only 2 years and only for primary cardholders.

Other Details

• Contactless Advantage:
  • Tap & Pay with ease for effortless, fast, and convenient everyday payments.
  • Secure transactions as the card stays in your hand, reducing risk of loss or fraud.
  • Visa payWave’s unique security key ensures only one transaction is processed even if the card is tapped multiple times.
• Global Acceptance:
  • Accepted in over 24 million outlets globally, including 3,25,000 outlets in India.
• 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.
• 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 (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
• Balance Transfer on EMI:
  • Transfer outstanding balances of other banks’ credit cards to your PSB SBI Card PRIME at a lower interest rate and repay in easy EMIs.
• Utility Bill Payment Facility:
  • Pay your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Safe and Secure:
  • The card is chip and PIN enabled, providing enhanced security against counterfeiting and skimming.
• Emergency Card Replacement:
  • Get your SBI Card PRIME replaced anywhere in the world (available for Visa and MasterCard).
  • 24x7 helpline available for emergency card replacement even while travelling abroad.
  • For card loss in India, call 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Application Process:
  • To apply for the PSB SBI Card PRIME, visit the nearest PSB Bank Branch.
• General Terms & Conditions:
  • All applicable taxes would be charged on all fees, interest, and charges.
  • This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
  • Continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions.
  • All information is subject to change at the discretion of SBICPSL. Refer to the Most Important Terms & Conditions for complete details.