SBI Card MILES PRIME – Benefits, Fees & Eligibility

Introduction

The SBI Card MILES PRIME is a premium credit card specifically designed for frequent travelers, offering a suite of travel-related benefits and rewards. With a joining and renewal fee of ₹2,999 plus GST, this card aims to enhance the travel experience through complimentary airport lounge access, comprehensive travel insurance, and a robust rewards program focused on travel spends. Cardholders can earn Travel Credits on their expenditures and convert them into air miles, hotel points, or travel bookings across a wide network of over 20 airline and hotel partners, including major names like Air India, Spicejet, ITC Hotels, and Accor. The card also provides zero liability protection against fraudulent transactions and features a spend-based fee waiver, making it a valuable companion for those who travel extensively.

Welcome Benefits

• Get 3,000 Travel Credits as a Welcome Gift.
• These Travel Credits will be credited upon spending ₹60,000 within 60 days of card issuance.
• Travel Credits will also be credited upon payment of the joining fee.

Fees

• Joining Fee: ₹2,999 + Taxes/GST (one-time).
• Renewal Fee (per annum): ₹2,999 + Taxes/GST.
• Spend-Based Waiver: Annual Fee reversal on spends of ₹10 Lakh in a membership year. This reversal is preconditioned on the fee being levied during the renewal cycle.
• Rewards Redemption Fee: ₹99.
• Foreign Currency Markup: Low Foreign Currency Mark-up Charge of 2.50% of the amount transacted on international usage.
• Interest Rates: 3.75% Per Month (45% Per Annum).
• Fuel Surcharge: 1% Fuel Surcharge Waiver across all petrol pumps for transactions between ₹500 and ₹4,000. Maximum Surcharge Waiver is ₹250 per month, per statement cycle (Government Service Tax extra as applicable).
• Cash Advance Charges: 2.5% or ₹500, whichever is higher.
• Add-on Fee (per annum): Nil.

Rewards

Earning Rewards

• Earn 4 Travel Credits for every ₹200 spent on travel.
• Earn 2 Travel Credits for every ₹200 on all other spends.
• Travel Credits accrual is excluded on Fuel, EMI, Wallet Upload, Property Rental, Utilities, and Insurance categories.
• Travel Credits expire 2 years from the date of receipt.

Milestone Benefits

• Earn 10,000 Bonus Travel Credits on annual spends of ₹8 Lakh.
• Get additional access to Domestic Airport Lounge with every spend of ₹1 Lakh.
  • For every spend of ₹1 Lakh, the cardholder gets 1 complimentary Domestic Airport Lounge visit over and above the standard complimentary visits.
  • Additional Domestic Airport Lounge visit is applicable to both the Primary Cardholder and a Guest.
  • Additional lounge visits, based on spend milestones, are capped at 12 visits in a membership year.
  • Customers will receive a Voucher Code via SMS and E-Mail within 120 days of becoming eligible. To redeem, apply the Voucher Code and update travel details on the Lounge Key link: https://sbicmiles.lkp.loungekey.com

Lounge Program

• Domestic Lounge Access:
  • Get 8 complimentary Domestic Airport Lounge visits every year (maximum 2 visits per quarter).
  • Access to domestic lounges is brought by Mastercard and RuPay for a limited period only.
• International Lounge Access:
  • Complimentary Priority Pass Membership worth $99.
  • Enjoy access to 1000+ International Airport Lounges worldwide.
  • Get 4 complimentary International Airport Lounge visits every year, outside India (maximum 2 visits per quarter).
  • The Priority Pass Program is complimentary for the first 2 years.
  • Only Primary Cardholders are eligible for the Priority Pass Program.
  • All visits beyond the complimentary limit are chargeable at a usage fee of $27 + applicable taxes.
  • To receive your Priority Pass, call helpline numbers: 18605001290 or 39020202 (prefix Local STD code).

Insurance Cover

• Air Accident Cover: Up to ₹1 Crore. (Note: This complimentary Air Accident insurance coverage will be discontinued with effect from July 15, 2025).
• Flight Cancellations: Up to 6 flight cancellations per year, each limited to ₹3,500.
• Lost Card Liability: Up to ₹1 Lakh. This cover is valid for a period of 48 hours prior to reporting of loss, to 7 days post reporting of loss. Call SBI Card helpline to report card loss: 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• Loss of Check-in Baggage: Up to ₹72,000.
• Delay of Check-in Baggage: ₹7,500.
• Loss of Travel Documents: Up to ₹12,500.
• Baggage Damage Cover: Up to ₹5,000.

Rewards Redemption Guide

Travel Credits earned on your SBI Card MILES PRIME can be converted into air miles, hotel points, or used for travel bookings and catalogue products.

Travel Credits Value Conversion

• 1 Travel Credit = ₹1 for Air Mile / Hotel Point.
• 1 Travel Credit = ₹0.50 for Travel Bookings.
• 1 Travel Credit = ₹0.25 for Shop & Smile Product Catalogue.

Partner Airlines and Conversion Ratios

• Air Arabia: 2 Travel Credits = 1 Air Mile
• Air Asia: 1 Travel Credit = 1 Air Mile
• Air Canada: 1 Travel Credit = 1 Air Mile
• Air France-KLM: 1 Travel Credit = 1 Air Mile
• Air India: 1 Travel Credit = 1 Air Mile
• Etihad Airways: 1 Travel Credit = 1 Air Mile
• Ethiopian Airlines: 2 Travel Credits = 1 Air Mile
• Japan Airlines: 2 Travel Credits = 1 Air Mile
• Qantas Airways: 1 Travel Credit = 1 Air Mile
• Qatar Airways: 2 Travel Credits = 1 Air Mile
• Saudia (Saudi Arabian Airlines): 2 Travel Credits = 1 Air Mile
• Spice Jet: 1 Travel Credit = 1 Air Mile
• Thai Airways: 1 Travel Credit = 1 Air Mile
• Turkish Airlines: 2 Travel Credits = 1 Air Mile
• United Airlines: 2 Travel Credits = 1 Air Mile

Partner Hotels and Conversion Ratios

• Accor: 2 Travel Credits = 1 Hotel Point

• IHG® Hotels & Resorts: 1 Travel Credit = 1 Hotel Point

• ITC Hotels: 2 Travel Credits = 1 Hotel Point

• Orchid Hotels: 1 Travel Credit = 1 Hotel Point

• Wyndham Hotels & Resorts: 1 Travel Credit = 1 Hotel Point

• Shangri-La Group: 6 Travel Credits = 1 Hotel Point

• Note: Transferring travel credits can take up to 21 days. Once transferred, points are final and cannot be reversed.

Card Review

The SBI Card MILES PRIME is an excellent choice for individuals who frequently travel and seek to maximize rewards from their credit card spending. It distinguishes itself with specialized benefits tailored for travelers, including extensive complimentary airport lounge access and comprehensive travel insurance, making journeys smoother and more cost-effective. Despite its notable annual fee, the card's spend-based fee waiver and the ability to earn valuable Travel Credits that can be converted into air miles or hotel points across a broad network of partners add significant value. While it lacks specific cashback or discounts on movie and dining expenditures and offers limited rewards on non-travel expenses, its core focus on travel perks makes it a compelling option for dedicated travelers. Overall, for those prioritizing an enhanced and rewarding travel experience, the SBI Card MILES PRIME is a strong contender.

Important Product Details

• Welcome Benefits: Receive 3,000 Travel Credits upon spending ₹60,000 within 60 days of card issuance and on payment of the joining fee.
• Travel Rewards: Earn 4 Travel Credits for every ₹200 spent on travel and 2 Travel Credits for every ₹200 on other expenses.
• Annual Fee Waiver: Enjoy Annual Fee reversal on achieving annual spends of ₹10 Lakh.
• Milestone Rewards: Get 10,000 Bonus Travel Credits on annual spends of ₹8 Lakh.
• Domestic Lounge Access: 8 complimentary domestic airport lounge visits annually (max. 2 per quarter), plus up to 12 additional visits based on every ₹1 Lakh spend (for primary cardholder and a guest).
• International Lounge Access: Complimentary Priority Pass Membership for the first two years, offering access to 1000+ international airport lounges. Includes 4 complimentary international airport lounge visits per year outside India (max. 2 per quarter).
• Foreign Exchange Advantage: Low Foreign Currency Mark-up Charge of 2.50% on international usage.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000, with a maximum waiver of ₹250 per month.
• Insurance Coverage: Comprehensive travel insurance benefits include coverage for flight cancellations (up to 6 per year, ₹3,500 each), lost card liability (up to ₹1 Lakh), and covers for loss/delay/damage of baggage, and loss of travel documents. An Air Accident Cover of ₹1 Crore is also provided, though it will be discontinued from July 15, 2025.
• Contactless Payment: Facilitates fast, convenient, and secure daily purchases with a tap.
• Worldwide Acceptance: Use the card at over 24 million outlets globally, including 3,25,000 in India, wherever MasterCard/RuPay is accepted.
• Add-on Cards: Empower family members (parents, spouse, children, siblings above 18) with add-on cards.
• Cash Access: Withdraw cash from over 1 million ATMs worldwide.
• Flexipay: Convert transactions of ₹2,500 or more into easy monthly installments within 30 days of purchase.
• Easy Bill Pay Facility: Conveniently pay electricity, telephone, mobile, and other utility bills.
• Balance Transfer on EMI: Transfer outstanding balances from other bank credit cards to SBI Card MILES PRIME at a lower interest rate and pay in EMIs.
• Security: Equipped with chip and PIN for enhanced security against counterfeiting and skimming.

Other Details

• Terms and Conditions: Detailed Terms and Conditions and Usage Directions are available on the SBI Card website.
• Payment Settlement Order: All payments made for a cardholder account will be settled in a specific order as mentioned on the SBI Card website.
• Payment Methods: Cheques payable outside clearing zones are not accepted; local cheques or drafts payable in Delhi only are accepted.
• Taxes: All applicable taxes would be charged on Fees, Interest & Charges.
• Co-brand Product: The value proposition of this co-brand product may be funded jointly by SBI Card and its co-brand partner, with potential fee and revenue sharing between them.
• Customer Assistance: For assistance, call SBI Card helpline at 1800 180 1295 (from BSNL/MTNL numbers) or 39 02 12 12 (from all other numbers, prefix local STD code if using a mobile phone).
• Information Accuracy: All information is subject to change at the discretion of SBICPSL.