Landmark Rewards SBI Card PRIME – Benefits, Fees & Eligibility

Introduction

The Landmark Rewards SBI Card PRIME, issued by SBI Card, is positioned as a premium rewards credit card designed for individuals seeking generous welcome and milestone benefits, accelerated reward points, and comprehensive lounge access. Its top differentiating features include a substantial welcome bonus, high reward rates on specific retail and lifestyle categories, and complimentary domestic and international airport lounge access through Priority Pass Membership.

Welcome Benefits

• Get 12,000 bonus reward points worth Rs. 3000 on payment of annual fees.

Fees

• Annual Fee: Rs. 2,999 + taxes
• Renewal Fee (per annum): Rs. 2,999 + taxes from the second year onwards
• Add-on Fee (per annum): Nil

Rewards

• Milestone Benefits:
  • Earn 20,000 bonus Reward Points on overall annual retail spends of Rs. 5,00,000.
• Reward Points Earning:
  • Earn 25 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, and EasyBuy).
  • Earn 10 Reward points per Rs. 100 spent on Dining, Movies & International Spends.
  • Earn 2 Reward Points per Rs. 100 spent on other retail purchases (excluding Fuel, Rental, Govt Spends, Gaming, Wallet, EMI).
• Reward Point Value:
  • 4 Reward Points = Rs. 1.
• Lounge Benefits:
  • Enjoy 8 complimentary Domestic Airport Lounge visits per year (maximum of 2 per quarter).
  • Receive complimentary Priority Pass Membership worth USD 99.
  • Get 4 complimentary international visits per year with Priority Pass (maximum 2 visits per quarter).
  • Post complimentary Priority Pass visits, a usage fee of $27 + taxes will be charged per visit.
• Fuel Surcharge Waiver:
  • Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 (exclusive of GST and other charges) at all petrol pumps across India.
  • The maximum waiver is capped at Rs. 250 per statement cycle.

Rewards Redemption Guide

• Redeem Reward Points instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop, and EasyBuy stores.

Card Review

The Landmark Rewards SBI Card PRIME is a premium offering best suited for individuals who frequently shop at Landmark Group stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, EasyBuy), enjoy dining out, watching movies, and travel both domestically and internationally.

• Pros:
  • Significant welcome bonus of 12,000 reward points (worth Rs. 3000).
  • Generous milestone benefit of 20,000 bonus reward points on annual spends of Rs. 5 lakhs.
  • High accelerated reward rates on partner stores (25 RP/Rs. 100) and lifestyle categories (10 RP/Rs. 100).
  • Comprehensive lounge access with 8 domestic visits and complimentary Priority Pass with 4 international visits.
  • Fuel surcharge waiver.
  • Global acceptance and contactless payment features.
• Cons:
  • Annual and renewal fees of Rs. 2,999 + taxes.
  • Charges apply for Priority Pass visits beyond the complimentary quota.
  • Certain spend categories are excluded from earning the base reward points.

Important Product Details

• Positive Highlights:
  • Welcome benefit of 12,000 bonus reward points (worth Rs. 3000) upon annual fee payment.
  • Milestone benefit of 20,000 bonus Reward Points on annual retail spends of Rs. 5,00,000.
  • Accelerated reward earnings: 25 Reward Points per Rs. 100 at Landmark Stores and 10 Reward Points per Rs. 100 on Dining, Movies & International Spends.
  • 8 complimentary domestic airport lounge visits annually (max 2 per quarter).
  • Complimentary Priority Pass Membership worth USD 99, including 4 complimentary international visits per year (max 2 per quarter).
  • 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, up to Rs. 250 per statement cycle.
  • Contactless payment facility for quick and secure transactions.
  • Globally accepted at over 24 million outlets and offers cash access from over 1 million ATMs worldwide.
  • Option to convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs (Flexipay).
  • Provision for Add-on Cards for family members (parents, spouse, children, siblings above 18).
  • Easy Bill Pay facility for utility bills.
  • Balance Transfer on EMI option to transfer outstanding balances from other credit cards at a lower interest rate.
• Negative Highlights:
  • Annual and Renewal Fee of Rs. 2,999 + taxes.
  • A usage fee of $27 + taxes is charged for Priority Pass visits exceeding the complimentary quota.
  • Reward points are not earned on Fuel, Rental, Govt Spends, Gaming, Wallet, and EMI transactions for the 2 RP per Rs. 100 category.

Other Details

• Contactless Advantage:
  • Tap & Pay with ease for effortless everyday payments.
  • Offers fast and convenient transactions without handing over the card or fumbling for cash.
  • Ensures secure transactions as the card remains in hand, with Visa PayWave's unique security key processing only one transaction even if tapped multiple times.
• Global Acceptance:
  • Accepted at over 24 million outlets across the globe, including 3,25,000 outlets in India.
• Cash Access Across the World:
  • Withdraw cash from over 1 million ATMs across the globe.
• Flexipay EMI:
  • Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards:
  • Empower family members (parents, spouse, children, or siblings above the age of 18) with add-on cards.
• Easy Bill Pay Facility:
  • Pay electricity, telephone, mobile, and other utility bills conveniently.
• Balance Transfer on EMI:
  • Transfer outstanding balances of other banks’ credit cards to your Landmark Rewards SBI Card PRIME at a lower interest rate and repay in easy EMIs.
• General Information:
  • Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
  • All applicable taxes would be charged on all fees, interest, and charges.
  • The value proposition of the co-brand product may be jointly funded by SBI Card and the co-brand partner, involving potential fee and revenue sharing.
  • Continued use of the card will be deemed acceptance of amendments in all Terms and Conditions.
  • For assistance, contact SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
  • All information is subject to change at the discretion of SBICPSL.
  • Any disputes arising between the Cardholder and SBICPSL shall be subject to arbitration in New Delhi, conducted in English.
  • SBICPSL may engage agents or third parties for marketing, sales, or related services.
  • Important documents like Digital Membership Kit, Order of Payment Settlement, Most Important Terms & Conditions, and Terms & Conditions are available online.