Reliance SBI Card PRIME – Benefits, Fees & Eligibility

Introduction

The Reliance SBI Card PRIME, issued by SBI Card, is positioned as a superior and rewarding shopping credit card, particularly beneficial for frequent shoppers at Reliance Retail stores. It offers a high reward rate of 20 Reward Points per ₹100 spent on AJIO & JioMart, translating to a 5% return. Cardholders also receive Reliance Vouchers worth ₹3,000 as a welcome benefit and enjoy complimentary domestic and international lounge access. The card provides a spend-based fee waiver, making it an attractive option for loyal Reliance customers and is available on both Mastercard and RuPay networks.

Welcome Benefits

• Reliance Retail Voucher worth ₹3,000 on payment of joining fees.
• Additional discount vouchers worth ₹11,999 for various participating Reliance Retail Stores.
  • Reliance Trends – Apparel and Footwear: ₹1,000 voucher on minimum purchase of ₹3,999.
  • AJIO: ₹750 voucher on minimum purchase of ₹3,999.
  • Centro: ₹1,000 voucher on minimum purchase of ₹6,000.
  • Zivame/Clovia: ₹500 voucher on minimum purchase of ₹1,999.
  • Coverstory: ₹2,500 voucher (maximum redemption value = 10% of bill value).
  • JioMart: ₹250 voucher on minimum purchase of ₹1,250.
  • Urban Ladder: ₹2,500 voucher (maximum redemption value = 10% of bill value).
  • Netmeds (Online): ₹500 voucher on minimum purchase of ₹1,999.
  • Reliance Jewels: ₹2,000 voucher on purchase of ₹49,999.
• Vouchers shall be delivered within 30 days post realization of the joining fees.

Fees

• Joining Fee: ₹2,999 + GST
• Annual Fee: ₹2,999 + GST
• Renewal Fee: ₹2,999 + GST (from second year onwards)
• Spend-Based Waiver: Annual charges waived on annual spends of ₹3 Lakh.
• Rewards Redemption Fee: ₹99
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.75% per month (45% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 at all petrol pumps across India. Maximum waiver of ₹100 per statement cycle.
• Cash Advance Charges: 2.5% of the transaction amount or a minimum of ₹500.
• Add-on Fee: Nil.
• Convenience Fee: Would be chargeable for complimentary movie tickets.
• International Lounge Access Fee (post complimentary visits): $27 + taxes will be charged after exhausting complimentary visits.

Rewards

• Reward Points Earning:
  • 20 Reward Points for every ₹100 spent on AJIO & JioMart Online Stores (excluding UPI payments). This translates to a 5% reward rate.
  • 10 Reward Points for every ₹100 spent on other participating Reliance Retail Stores (excluding UPI payments). This translates to a 2.5% reward rate.
  • 5 Reward Points for every ₹100 spent on dining, movies & entertainment, and flight bookings (domestic & international). This translates to a 1.25% reward rate.
  • 2 Reward Points for every ₹100 spent on other retail purchases (excluding fuel, rent payments, and wallet loads). This translates to a 0.5% reward rate.
• Reward Point Value: 1 Reward Point = ₹0.25.
• Milestone Benefits:
  • ₹1,500 worth Reliance Retail Voucher on annual spends of ₹75,000.
  • ₹2,250 worth Reliance Retail Voucher on annual spends of ₹150,000.
  • ₹5,000 worth Reliance Retail Voucher on annual spends of ₹300,000.
  • Total vouchers worth ₹8,750 on annual spends of ₹3,00,000, giving an effective return of around 2.91% (excluding base rewards).
  • Gift Vouchers are redeemable only at participating Reliance Retail Stores.
• Movie Benefit: One free movie ticket per month (up to ₹250) on BookMyShow. Valid on one transaction per month.
• Domestic Lounge Access: 8 complimentary visits per year (maximum 2 visits per quarter).
• International Lounge Access:
  • Complimentary membership to the Priority Pass Program worth $99.
  • 4 complimentary International Airport Lounge visits per year (maximum 2 visits per quarter).
  • Access over 1000 Airport Lounges worldwide.
  • Complimentary membership will be valid for 2 years only.
• Discounts & Offers (Instant Discounts):
  • Reliance Trends: 5% discount up to ₹250 each month.
  • AJIO: 5% discount up to ₹250 each month (on orders above ₹2,999).
  • Azorte: 5% discount up to ₹500 each month (on orders above ₹3,500).
  • Zivame: 5% discount up to ₹250 each month.
  • Coverstory: 5% discount up to ₹250 each month.
  • Urban Ladder: 5% discount up to ₹250 per transaction.
• Network Privileges (Mastercard):
  • Up to 12% instant discount on hotel bookings worldwide via Agoda.
  • Up to 15% off at Apollo Pharmacy.
  • Up to 15% discount on Room Bookings and Food & Beverage at Lalit Hotels.
• Network Privileges (RuPay):
  • Up to 15% cashback on hotels and flight bookings at MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on Shopping at Lifestyle Stores.

Rewards Redemption Guide

• Reward Points can be redeemed against Reliance Retail Vouchers, where 1 Reward Point equals ₹0.25.
• For the monthly movie benefit, the discount of up to ₹250 can be availed on BookMyShow.

Card Review

• Overall Verdict: The Reliance SBI Card PRIME is most suited for individuals who are loyal to Reliance Brands and frequently shop at Reliance Retail stores. This co-branded credit card offers substantial savings through its welcome benefits, discount vouchers, high reward rates on Reliance-related spending, and attractive milestone benefits. It also provides valuable perks like a monthly free movie ticket and complimentary access to both domestic and international airport lounges, enhancing travel comfort.
• Pros:
  • High reward points on spending at AJIO, JioMart, and other Reliance Retail stores.
  • Generous welcome benefits including Reliance Retail vouchers and additional discount vouchers.
  • Complimentary domestic and international lounge access.
  • Monthly free movie ticket benefit.
  • Annual fee waiver on achieving a reasonable spend milestone.
  • Attractive milestone benefits in the form of Reliance Retail vouchers.
• Cons:
  • The primary benefits and discounts are heavily concentrated on Reliance Brands, which may limit its value for non-Reliance shoppers.
  • No specific travel rewards or insurance benefits are included beyond lounge access.

Important Product Details

• Get Reliance Retail Vouchers worth ₹3,000 as a welcome benefit.
• Earn 20 Reward Points for every ₹100 spent on AJIO & JioMart.
• Receive 8 free domestic and 4 international lounge accesses per year.
• Annual fee waiver is available on annual spends of ₹3 Lakh.
• The card can be easily linked to UPI applications for payments.
• Offers milestone vouchers worth ₹8,750 on annual spends of ₹3,00,000.
• Enjoy one free movie ticket worth up to ₹250 every month.
• Features contactless payment technology for transactions up to ₹5,000.
• Globally accepted at over 24 million outlets, including 3,25,000 outlets in India.
• Allows cash withdrawals from over 1 million ATMs across the globe.
• Discounts are primarily centered around Reliance Brands.
• Fuel, wallet reloads, and rental payments are not eligible for reward points.

Other Details

• The card is available on both Mastercard and RuPay networks.
• Contactless Advantage: Allows for quick, convenient, and secure "Tap & Pay" transactions. A unique security key ensures that only one transaction is processed even if the card is tapped multiple times.
• Flexipay: Cardholders can convert eligible purchases of ₹2,500 or more into easy monthly EMIs.
• Add-on Cards: Available for family members including parents, spouse, children, or siblings above the age of 18.
• Easy Bill Pay Facility: Enables payment of electricity, telephone, mobile, and other utility bills.
• Balance Transfer on EMI: Allows transfer of outstanding balances from other banks’ credit cards to the Reliance SBI Card PRIME at a lower interest rate, repayable in easy EMIs.
• All applicable taxes will be charged on fees, interest, and other charges.
• The value proposition of this co-brand product may involve joint funding and revenue sharing between SBI Card and the co-brand partner.
• Continued use of the card implies acceptance of any amendments to the Terms and Conditions.
• For assistance, cardholders can contact the SBI Card Helpline.
• Any disputes arising from offers will be subject to arbitration.
• SBI Card may utilize agents or third parties for marketing, sales, and related services.
• Payments through cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
• The card can be used internationally at any outlet that accepts RuPay/MasterCard.