Reliance SBI Card PRIME – Benefits, Fees & Eligibility

Reliance SBI Card PRIME

Introduction

The Reliance SBI Card PRIME is a premium co-branded credit card launched by SBI Card in association with Reliance. This card is primarily designed for loyal customers of Reliance brands, offering a robust reward rate of 10 Reward Points for every Rs. 100 spent at Reliance Stores. Cardholders receive substantial welcome benefits including Reliance Vouchers and additional discount vouchers for popular Reliance-affiliated brands like Zivame, AJIO, and JioMart. While it carries a joining and renewal fee of Rs. 2,999 plus GST, the renewal fee can be waived upon achieving an annual spend of Rs. 3 lakh. Additionally, the card provides valuable benefits such as monthly complimentary movie tickets and access to both domestic and international airport lounges, making it an attractive option for frequent shoppers and travelers seeking value within the Reliance ecosystem.

Welcome Benefits

• Get a Reliance Retail voucher worth Rs. 3,000 on payment of joining fees.
• Receive additional discount vouchers worth Rs. 11,999 across various participating Reliance Retail Stores.
• Welcome vouchers are delivered within 45 days post realization of joining fees.

Discount Vouchers Worth Rs. 11,999 Details (One-time Availment)

• Reliance Trends - Apparel and Footwear: Rs. 1,000 voucher on a minimum purchase of Rs. 3,999.
• AJIO: Rs. 750 voucher on a minimum purchase of Rs. 3,999.
• Centro: Rs. 1,000 voucher on a minimum purchase of Rs. 6,000.
• Zivame/Clovia: Rs. 500 voucher on a minimum purchase of Rs. 1,999.
• Coverstory: Rs. 2,500 voucher, with a maximum redemption value of 10% of the bill.
• JioMart: Rs. 250 voucher on a minimum purchase of Rs. 1,250.
• Urban Ladder: Rs. 2,500 voucher, with a maximum redemption value of 10% of the bill.
• Netmeds (Online): Rs. 500 voucher on a minimum purchase of Rs. 1,999.
• Reliance Jewels: Rs. 2,000 voucher on a purchase of Rs. 49,999.

Fees

• Annual Fee (one-time): Rs. 2,999 + GST / Taxes.
• Renewal Fee (per annum): Rs. 2,999 + GST / Taxes.
• Spend-Based Waiver: Renewal fee waived on annual spends of Rs. 3 Lac in the previous year.
• Add-on Fee (per annum): Nil.
• Rewards Redemption Fee: Rs. 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 for transactions between Rs. 500 and Rs. 4,000 (exclusive of GST and other charges) at all petrol pumps in India.
  • Maximum fuel surcharge waiver of Rs. 100 per statement cycle per credit card account.
• Cash Advance Charges: 2.5% of the transaction amount or a minimum of Rs. 500, whichever is higher.
• All taxes (including GST) are applicable on all fees, interest, and charges.

Rewards

Reward Point Earning Structure

• Earn 10 Reward Points for every Rs. 100 spent on participating Reliance Retail Stores (except on UPI payments, subject to Reliance Retail Stores MIDs).
• Earn 2 Reward Points per Rs. 100 spent on participating Reliance Retail Stores when payment is made through the UPI application.
• Earn 5 Reward Points per Rs. 100 spent on Dining, Movies & Entertainment, Domestic Airlines, and International Spends.
• Earn 2 Reward Points per Rs. 100 spent on all other retail purchases.
• Reward Point Exclusions: Fuel, property rental, and wallet upload payments are not eligible for Reward Points.

Milestone Benefits

• Renewal Fee Waiver: Waiver of renewal fees on annual spends of Rs. 3 Lac in the previous year.
• Receive a Rs. 1,500 worth Reliance Retail Voucher on annual spends of Rs. 75,000 at participating Reliance Retail Stores.
• Receive a Rs. 2,250 worth Reliance Retail Voucher on annual spends of Rs. 1,50,000 at participating Reliance Retail Stores.
• Receive a Rs. 5,000 worth Reliance Retail Voucher on annual spends of Rs. 3,00,000 at participating Reliance Retail Stores.
• Milestone benefits are subject to Reliance Merchant ID (MID) availability on the SBI Card system.

Movies & Entertainment

• Get 1 free movie ticket per month worth Rs. 250.
• A convenience fee would be chargeable.
• This offer is valid on primary cards only.

Lounge Access Program

• International Lounge Program:
  • Complimentary membership to the Priority Pass Program worth $99.
  • 4 complimentary Airport Lounge visits per year outside India (maximum 2 visits per quarter).
  • Access over 1000 Airport Lounges worldwide.
  • Only Primary Cardholders are eligible for Priority Pass, and complimentary membership is valid for 2 years only.
  • A usage fee of $27 + applicable taxes will be charged for visits to Priority Pass member lounges after the complimentary visits.
• Domestic Lounge Program:
  • Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India, totaling 8 complimentary visits per year.
  • To avail the offer, use the Reliance SBI Card PRIME at the respective lounges. This offer is provided by network partners and is subject to change.

Lifestyle Benefits

• Transaction offers at participating Reliance Retail Stores.
• Discount & Offers (Monthly/Transaction-based):
  • Reliance Trends - Apparel and Footwear: 10% instant discount up to Rs. 750 per month.
  • AJIO: 5% instant discount up to Rs. 1,000 per month.
  • CENTRO: 10% instant discount up to Rs. 2,000.
  • Zivame/Clovia: 5% instant discount up to Rs. 1,000.
  • Coverstory: 5% instant discount up to Rs. 250, with a maximum of Rs. 1,000.
  • Groceries - Offline Stores: Earn 1 Reward Point on every Rs. 200 spent.
  • Urban Ladder: 5% instant discount up to Rs. 750 per month.
  • JioMart: 5% cashback in JioMart Wallet up to Rs. 1,000 per month.

Rewards Redemption Guide

• Each Reward Point is equivalent to Rs. 0.25 (4 Reward Points = Rs. 1).
• Reward Points can be redeemed against Reliance Retail Vouchers.
• For the movie ticket redemption process, specific details are available via the BookMyShow offer link.
• To receive your Priority Pass for international lounge access, call the customer helpline numbers: 1860 180 1290 or 39020202 (prefix local STD code).

Card Review

The Reliance SBI Card Prime is an excellent choice for individuals who frequently shop at Reliance Retail Stores and are loyal to Reliance brands. This co-branded card offers significant value through its welcome benefits, which include Reliance Vouchers and additional discount vouchers, along with a high reward rate on Reliance-related spending. Beyond shopping benefits, the card also caters to entertainment needs with a complimentary movie ticket each month and enhances travel comfort with complimentary access to both domestic and international airport lounges. While the discounts and rewards are heavily skewed towards the Reliance ecosystem, which could be a limitation for non-Reliance shoppers, it provides substantial savings and perks for its target audience.

Important Product Details

• Receive Reliance Retail Vouchers worth Rs. 3,000 as a welcome benefit upon joining.
• Benefit from 8 complimentary domestic lounge visits and 4 international lounge visits annually.
• The card is highly rewarding for purchases made at Reliance stores.
• The renewal fee can be waived if annual spends reach Rs. 3 lakh.
• The card supports contactless payments up to Rs. 5,000, ensuring quick and convenient transactions.
• It can be linked to UPI applications for ease of payment.
• Pros:
  • Offers free domestic and international lounge access.
  • Ideal for shopping at Reliance stores due to high reward rates and exclusive discounts.
• Cons:
  • Discounts and benefits are primarily focused on Reliance Brands, limiting broader appeal.

Other Details

• Worldwide Acceptance: The Reliance SBI Card PRIME can be used in over 24 million outlets globally, including 3,25,000 outlets in India, and is accepted anywhere Visa is accepted.
• Contactless Advantage:
  • Facilitates easy daily purchases by simply waving the card at a secure reader.
  • Offers fast and convenient transactions for small ticket purchases.
  • Provides enhanced security as the card never leaves your hand during a transaction, reducing risk of card loss and skimming fraud.
  • Visa payWave's unique security key ensures only one transaction goes through even if the card is waved multiple times.
• Flexipay: Convert any purchase of Rs. 2,500 or more into easy monthly installments by logging on to sbicard.com within 30 days of the purchase.
• Add-on Cards: Empower family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
• Cash on the Go: Withdraw cash from over 1 million ATMs worldwide.
• Utility Bill Payment Facility: Pay electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
• Balance Transfer on EMI: Transfer outstanding balances from other bank credit cards to your Reliance SBI Card PRIME to benefit from lower interest rates and EMI payment options. This service can be availed by logging into sbicard.com.
• Payment Acceptance: Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
• Co-brand Product Information: The value proposition of this co-brand product may be jointly funded by SBI Card and Reliance, involving fee and revenue sharing between the two parties.
• Customer Assistance: For assistance, contact the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Disclaimer: All information is subject to change at the discretion of SBICPSL. Detailed Terms and Conditions and Most Important Terms & Conditions are available on sbicard.com.