SBI Prime Credit Card Review (2019)

By | October 3, 2019

SBI PRIME CARD was launched in mid 2017 and ever since it got into the market, it has been one of the best premium credit card in India for various reasons like: easy approval, milestone benefits, lounge access, fee waiver on spend and many more. Its been more than a year since I got this card and I’ve been enjoying it ever since.

Not only for us, even for the bank it has been one of the amazing product that got them a very good share in the country’s premium credit card segment for about 2 years in the row. But there has been few changes to the card recently. So let’s re-visit if the card still holds good in its current form. 

SBI Prime Card

Joining Fees

  • Joining/Renewal Fee: Rs.2,999+GST (Renewal Fee Waived on 3 Lakh spend)
  • Welcome e-gift Voucher: Rs. 3,000 (Bata/Hush Puppies, Pantaloons, Shoppers Stop and Yatra.com)

When it comes to renewal, usually they charge the fee & then refund it back after a week. I wish they rather not charge at all, just to avoid confusion.

Rewards

SBI Card Prime comes with different types of rewards: Regular, Milestone & Accelerated, here’s everything about it below,

Regular rewards

  • All regular spends: 2 RP per Rs.100 (0.50% Value)
  • 1 Reward Point Value: Rs.0.25 (can be adjusted as statement credit)

To redeem points for stmt credit, simply call SBICard customer Care. Redemption fee of Rs.99 per request is applicable.

Milestone rewards

  • Spend Rs.50,000: Get Rs.1,000 Pizza Hut e-Voucher (every calendar quarter)
  • Spend Rs.5 Lakhs: Get Rs.7000 worth Yatra/Pantaloons Voucher.

I used the Pantaloons voucher during 2018 Diwali and got even greater savings on it.

Accelerated rewards

  • Standing instructions of Utility Bills payments: 20 RP per Rs.100 spent: (5% Value, Capped)
  • Birthday Spends: 20 RP per Rs.100 spent (5% Value, not capped)
  • BigBasket: 15 RP per Rs.100 spent (3.75% Value)
  • Dining, Groceries, Departmental stores and Movies: 10 RP per Rs.100 spent (2.5% Value)

Overall, as you see the entire rewards earning capability, its pretty well designed. Now the problem is RedGirraffe is removed from SI payments, but not to forget that other SI payments (LIC,EB, etc) are still eligible for accelerated reward points.

Update: With effect from 1 Oct ’19, a capping of 3,000 Reward Points per month will be placed on the earning of 20 Reward Points per 100 spent on Standing Instructions of Utility Bill Payments.

Pro Tip: The easiest way to speak to SBI Card support is by sending an Sms as PROBLEM to 9212500888 and you’ll get a call back from them within 24 hours.

Lounge access

  • International: 4 complimentary visits per year to International Priority Pass Lounges, outside India (max. 2 visits per quarter)
  • Domestic: 8 complimentary visits per year to Domestic VISA/Mastercard Lounges in India (max. 2 visits per quarter)

Remember, both lounge benefits applies only for Primary Cardholder. Priority Pass expires in 2 Years.

Other Benefits

  • Enjoy Complimentary Club Vistara Silver membership (1 Upgrade Voucher)
  • Bookmyshow benefit
  • Enjoy complimentary Trident Privilege Red Tier Membership & other benefits linked to it.
  • Golf: 4 complimentary rounds on Green Fees

Maximizing Returns

Let’s consider you spend about 5 lakhs a year with Rs.1.5Lakh in accelerated rewards (5%) and remaining as regular purchase, & meet quarterly targets. Let’s see how much rewards you get,

  • Rs. 7,500 -> Accelerated Rewards: 5% on Rs.1.5L spend
  • Rs.4,000 -> Pizza Hut vouchers (quarterly spends benefit)
  • Rs.7,000 ->Yatra/Pantaloons voucher (5L Spend)
  • Total Savings: Rs.20,000 on 5L spend which is ~4% Reward Rate

The major downside for some would be spending 1.5L on accelerated rewards which may reduce the overall reward rate.

But then if you consider fee waiver on 3L spend, lounge access & other benefits, I still see it as an amazing card in 2019 with returns far more than regular premium credit cards of this range.

So if you still have the question in mind: “if it’s still worth it?” – YES totally!

Bottomline

  • Cardexpert Rating: 4/5

Its obvious that SBI Prime makes sense for those who don’t have access to the super premium cards. Redgirraffe used to be an amazing benefit in the past, but remember, anything above 3% reward rate in the world of credit cards will live only for a short while.

So overall, I would say, it’s good to “hold” as long as you can spend 5L, else it’s OKAY to downgrade to SBI Simplyclick, which is also a decent card for online spends.

If your spends are on the higher side, you may also explore SBI Elite which comes with amazing Movie benefit or other bank super premium credit cards altogether.

What’s your take on SBI Prime in its current form? Feel free to share your thoughts in the comments below.

Author: Siddharth

A Credit Card addict, minting reward points & air miles for years. Obsessed with aviation, airport lounges and luxury hotels. Helping Indians choose a right credit card and enjoy luxury travel at affordable cost.

127 thoughts on “SBI Prime Credit Card Review (2019)

  1. CP11

    With RedGirraffe gone, I don’t think this card will be very useful for me. I’ve had this card only for 3 months. Is it advisable to cancel now? Or should I wait to complete the first year?

    Reply
  2. Pranav

    How do you guys manage spends like 3L? Are people super rich and spend a lot of money?
    I barely make 1.5L cumulative of my all credit cards.

    Reply
    1. Conscience

      Pranav
      Try to buy everything using credit card.
      Even vegetables, stationary, milk. You will easily achieve 3L. Just use the Brain. Load online wallet using CC and buy using them. It been a month I barely used cash. Even daily cab accept paytm and other wallet. Just dont use cash. If anyone ask cash. Teach them to use wallet and you will see them using online wallet.

      Reply
  3. KK

    Hi Sid

    Do insurance payments on SI also count for 5%? My renewal is due on 10 Aug and I was thinking of dropping this card, given that I hold diners black, stanc ultimate, amex plat travel etc which more than suffice for all my spends.

    PS – the only reason I held this card is electricity bill payment of my home. If there is any alternate card that offers 5%, direct or through wallet, I would immediately dump this one. Is there any?

    Reply
      1. Kulbir

        Do you have LIC on autopay? If so, do you mind sharing when the insurance payment is deducted?

        Reply
    1. Jambui

      @KK bill paid on niki app via coupon inturn paid via payzapp with billpay code can easily beat 5% uptil a certain amount. Credit card points are additional.

      Reply
  4. Arun

    Got a spend based offer for the first time!

    Spend* Rs.94000 with your SBI Credit Card
    ending xxxx during 23 Jul – 23 Aug ’19 & get a
    Taj Hotels Voucher worth Rs.5,000..

    Decided to hold the card

    Reply
  5. Praveen Katiyar

    @Sid
    Much awaited article. Thanks for effort and taking out time.

    Reply
  6. Benny

    Reward redemption to statement cash credit available in prime?There is such option in their app or online..Pls reply..Thanks in advance

    Reply
    1. ICONIA

      Benny

      Yes, Reward redemption to statement cash credit available in prime. For that you have to contact customer care & redemption charge is Rs.99

      Reply
    2. Himanshu Kainth

      Benny,

      No option in the app or wesbite as fas as i know. You need to call customer care for redemption to cash credit.

      Reply
  7. Prashant Gupta

    This card value is only justified if you use it for utility payment otherwise the value is very low. The same utility return percentage can be get if we use combination of amex mrcc and amex gold card. One can earn 24k points and redeem for gold collection or hot rewards…

    Reply
    1. Mohit Jain

      Amex does not award points for utility payments. What you must be talking about is using the card for 6 times a month for bonus rewards of 1000 points.

      Reply
      1. Prashant Gupta

        You can points on utility payments by paying through any wallet. And also amex provide i guess 5% cashback of points on registration for paying directly with them…. But anyways i pay through wallet.

        Reply
  8. Mickey

    The Milestone benefits of Rs 5 lakh is calculated for spends made as per calendar year January – December? Or any 12-month period?

    Reply
  9. ARR

    Hi all,
    I got this card in May and I crossed the 5 lacs mile stone. I received the Rs.3,000/-(welcome voucher) and Rs. 7,000/- (5 lacs mile stone benefit). When I requested them to reverse the annual fee, they said it would be reversed during the renewal but not now. Reliance is no more a partner of this card. I don’t find interest in this card any more.
    Simply click is my all time favourite SBI card. You get 1.25 with this card and you can redeem directly for Amazon or Cleartrip vouchers. They are very useful indeed.
    @sid,
    Do you recommend me to apply for Ethihad or Air India Signature Card as a secondary card? I’m not a frequent flyer, but I want to experience something new. Which is better Ethihad or Air India? Will they do the enquiry once again? Will it have a separate limit or shared limit?

    Reply
  10. Mickey

    Vistara status benefit is only for 1 year, and Priority Pass is also issued for 2 years only. Forex markup is 3.5% whereas a semi premium card like Regalia First also offers 2%. The forced joining fee of Rs 3,000 is also too much – and the Pizza Hut vouchers given are really useless because Pizza Hut has the worst pizzas, and there may be many like me who don’t eat pizzas at all!

    I think Prime has lost the sheen, maybe a 3-star card now?

    Reply
  11. Jay

    You can still pay your rent on RedGiraffe using any SBI Card or for that matter any Visa or MasterCard when paying via PayZapp as highlighted by someone in your twitter thread.

    Only issue is you cannot automated the bill payment. You need to pay it each month.

    Reply
    1. CP11

      Interesting, didn’t know about rent payment via PayZap. For now, I’ve been using NoBroker.
      This will only get you 0.5% rewards (the base point scheme, 2points per ₹100). But with removal of Redgirraffe from the bill portal, that’s the best you can do for rent with this card.

      Reply
  12. ARR

    Hi all,
    If your spends are more online, go for Simply Click without any second thought. It’s an amazing and more rewarding than any other SBI card.

    Reply
    1. Hatake

      Yes. I have the simplyclick and it is my most favourite card. The main advantage of online spend cards is their versatility. You can use wallets and make almost all of your spends through it. Although the 1.25 % reward rate is nothing much to brag about the reward rate is consistent unlike hdfc 10x RP and the SBI Card app is a really good and easy to use app. The reward redemption is also quick and easy.I used to have the simplysave card before this. I found that most of my spends are online and sometimes i was not getting 10x RP for dining spends so I made the jump.

      Reply
  13. ICONIA

    Hi KK

    Niki.ai app gives 5% or 6% instant discount offer on Recharge & bill payments each month(till 10th of month). Max discount is Rs.150. And payzapp also gives 5% cashback(max 250) at Niki.

    Reply
  14. valliappan

    happen to read in other comments section that international visits through priority pass is not getting renewed. Can someone confirm?

    Reply
  15. Mickey

    @valliappan – yes it’s only for 2 years then not renewed after that

    @ ARR – does Simplyclick give lounge access? Also curious – what did you spend 5 lakhs on in 2 months? Rent or did you buy a car

    Reply
    1. ARR

      Hi Mickey,
      I too agree with you that the Simply Click doesn’t give you any lounge access , but it can fetch you Cleartrip or Amazon vouchers to fly. (I personally feel that most of the readers aren’t frequent flyers).
      Prime reward rate is very low when we Compare with that of Simply Click.
      Coming to the 5lacs milestone; we had a marriage in our family. Because of that I could cross it.

      Reply
  16. Himanshu Kainth

    Hey guys,

    I hold sbi prime for 3 months now. I only pay utility bill through SI and save 5%.

    From this month, i am not getting 20x RP. Have raised a complaint. They need 30 days time for points to credit before it was instantly done.

    I can hit milestone mark easily with this card. Was upgraded from click, i didn’t find that card beneficial for me. As I don’t spend on amazon too much. Still i’ll rather wait and see what happens.

    Any other card for utility bill payments?

    Reply
    1. BeingHuman

      SBI Card CC team is telling that all accelerated rewards will get credited after one month from transaction date
      They seem to have got overwhelming numbers under 20x points so they wish to curtail now
      Hence Redgiraffe removed, capping effected

      Reply
  17. MAA-traveler

    I am holding SBI Prime for almost 2 years and I loved the card very much. It was the best card I had considering my spend pattern. I’ve even recommended to many and I consider this as the best SBI card and one of the best card to be issued in India. Clubbed with SBI Rewardz and CRED, I was earning close to 10% reward rate (5% + 1.4% Yatra/Pantaloon Voucher + 2.5% SBI Rewardz + Rs 4000 Pizza Hut Vouchers + CRED vouchers/kill the bill).

    Literally overnight SBI decided to devaluate. Not a steady devaluation like HDFC DCB but from hero to zero in one stroke. Heck, I feel this is better than SBI Rewardz which was devaluated retrospectively! Also I did not like the fact how it was communicated like I had requested for deregistering of Red Giraffe and no mails send only SMS.

    Now with the devaluations and not so good stuff like:
    – Removal of Red Giraffe
    – Capping of other Utility Bills points
    – Removal of accelerated points for Reliance Fresh/Trends purchases
    – Limited period Vistara Silver and Priority Pass
    – Charges for changing variant from Visa to MC or vice versa, changing billing date, etc

    I have decided to close my SBI Prime shortly. Waiting for One Plus 7 cashback to hit my account and redemption of the balance reward points. Doesn’t make sense to get some other card even SBI Simply Click unless issued LTF. With my LTF ICICI Amazon, why would I use SBI Simply Click? By the way, this is the 4th card I’m closing this year others being Yes First Preffered, ICICI Jet Airways Sapphiro Visa and ICICI Jet Airways Sapphiro Amex. 😀

    Reply
    1. Prashant Gupta

      i think closing YFP was not wise….Its ltf and on top of it – it provide domestic and international lounge access.

      Reply
    2. ICONIA

      @MAA-traveler

      What’s reason behind closing Yes first preferred Card?

      Reply
      1. MAA-traveler

        @ICONIA and Prashanth Gupta,

        – It was already devalued when Amazon/Flipkart vouchers were removed
        – absence of the 2/3/5/10X promos for me. Was not targeted for any spend based offers
        – paltry 40k limit on a so called premium card and they never gave LE offers
        – no offer for enhancement to YFE. Both upgrade and LE was not considered even my repeated requests
        – recent devaluation by 50%
        – aggressive sms and email send for payment even when the due is zero or I had already paid. Was getting irritating

        I have SCB Ultimate which gives unlimited domestic and limited international lounge access so not seeing what YFP is adding value to my portfolio. I had given final ultimatum to Yes Bank: you can either upgrade to YPE or close this card. They chose to close the card. 😀

        Reply
        1. Prashant Gupta

          I am not closing the card yet because of lounge access, but i dont know why they are mot upgrading my card even though there were some good spends at the time of offers and I recently took a loan offer also.

          Reply
          1. AshishR

            i also closed my LTF YFP

            being reason: devaluation, low limit, bad RP redemption options

    3. Ankit Saraf

      Can you give more details of SBI Rewards? Never used it. The website seems broken.. its rendered incorrectly, cant understand anything.

      Reply
  18. Ankit Saraf

    SBI gave rewards for SI of lic premium @6rp/100. That’s a weird number. I have raised a complaint. Let’s see.

    Reply
  19. Naeemahemad Mansuri

    Hi Sid,

    My Card is converted to prime from platinum, Since then I’ve only 50K Limit in this card, ask for limit increase but they denied with reason internal policy.

    Can you please provide more details for Golf, I’ve SBI Card Prime (VISA varient), they said the golf course is expired and no more details with customer support team.

    Thanks,

    Reply
    1. KK

      People are saying capping of utility bill payment points. Can you elaborate this? I have 2 SIs scheduled for clearance in Aug – one is an insurance payment of 1,00,000 and other is a utility bill (electricity) of 70k. Will I get 5% on both?

      Reply
      1. Puneet Singal

        I was reading the T&C of Prime card available on their website. As per clause 11.3 (j), it appears the capping is for 7500 points for the accelerated rewards categories

        Reply
        1. Siddharth Post author

          Thanks Puneet for sharing this.

          Here’s the full line:
          (j) SBICPSL’s decision on computation of Points will be final, conclusive and binding on the Cardholder.
          Reward Points on accelerated categories as defined in section 11 of Terms and Conditions, will be subject to a capping of 7500 Reward Points
          per “calendar month”. After reaching this monthly cap, the cardholder will accrue “1 Reward Point per Rs.100” on eligible transactions done in
          accelerated categories.

          Reply
          1. Himanshu Kainth

            When they changed terms and conditions ? May i know?

            I paid bills of 60K and only got 3966 points. 7500pts capping if true i should have got max 7500 pts. Still waiting for the update from team sbicards.

          2. Siddharth Post author

            No idea, I checked only after this comment.

          3. Arun

            I don’t know how it happened but below is from my May-2019 statement:
            SI on my insurance premium of 1L

            Rewards Summary
            Previous: 18586
            Earned: 23430
            Closing balance: 42016

          4. Anand

            This one point alone will make this card useless if this upper cap applicable to birthday spends as well

          5. Praveen Katiyar

            @Sid
            In this case, the main article must strongly mention this capping aspect, not under ‘caution’ section.
            Since its mentioned in SBI’s terms & conditions, raising tickets wont solve it.
            For larger good it should be part of ‘Milestone benefits’ heading.

          6. Praveen Katiyar

            @ sorry not under Milestone rewards but under Accelerated rewards.

          7. sumeet

            My 9th july statement they have given me 22k points ( insurance + other utilities).
            so this looks like a very recent update.

  20. DCB_YFE_Ultimate

    4 star not justified. Only insuranace bill payment will not recover the cost of card of Rs 3590/-. Other utility other than rlectricity are very small.
    You need to make approx. 72000/- per annum of Utility payment to recover the cost of 3590/- assuming there is no upper cap.
    For other transactions why will you pay 3590 and get 0.5% when Lower version like sbi click / save / axis flipkart or icici amazon gives you 1-1.5% at cost of 499/-. Per annum.

    Reply
  21. Mickey

    Even before they stopped Red Giraffe and capping of points, the real value of Prime was got in the first 2 years only.

    After 2 years it’s definitely not a traveller friendly card whether domestic or international. No PP, no Vistara, and Forex markup of 3.5% as against Regalia First which is 2%. And I say again the quarterly Pizza Hut vouchers are a real waste and should not be counted as a benefit.

    Reply
  22. Pawan Rathi

    Can someone guide: For rent, which card should one use? I have a rent payment of around 35,000/month & also LIC & other insurance to pay out for. I have HDFC DCB only as of now

    Reply
  23. PAWAN RATHI

    Which shall be the best card for rent payment now? I have DCB, does it give 3.3% cashback fir transaction on Redgiraffe?

    Reply
  24. Conscience

    I am Planning to buy a car on my birthday . Will i get limitless 20RP ? Please Confirm if anyone ever got uncapped RP on Bday?

    Reply
    1. Mouli

      Still now,no capping on RP on Birthday spends.Better check with CC before doing the transaction
      This month I received around 25000 RP on birthday spend but Fuel spends are not considered
      Its not only on Birthday,one day before and one day after birthday also considered

      Reply
    2. amit kumar

      I got uncapped accelerated RP on my birthday, but that was few months back.

      Reply
    3. Doc

      Hi Sid,

      I just applied a got the SBI Elite. I has applied for the prime, but I got the elite. Besides the extra 2k as annual fee, is there any difference? I’m not able to make out what extra features. There is also an Elite advantage and seems exact replica of elite. I’m wondering if I should surrender it and get the Prime as originally planned.

      Reply
      1. Hatake

        The SBI advantage cards are secured credit cards issued against fixed deposit. Apart from that there’s no difference between normal and advantage cards.

        Reply
        1. Doc

          Oh ok. Thanks. But between Elite and Prime, is there any advantage for the extra 2k annual fees?

          Reply
          1. Mickey

            Doc – not really, unless you watch a lot of movies and then you take take advantage of the bookmyshow free tickets.

            Elite not worth it in my opinion

  25. Arun

    I have set SI for Electricity bill, Telephone bill, Insurance Premium and Internet bills.

    I get 20 RP per 100 for all these – Have so far received without any cap.

    Use the same for Groceries and Department store expenses (10RP/100)

    But somehow feel 7K voucher for 5L spend is undervalued and 1k Pizza hut voucher is almost useless.

    Any alternate for Utility bill payment would be great.

    I will switch this to BPCL and use it for fuel and use some other card for all utility bills.

    Reply
  26. Arun

    Hi Siddharth,

    Where did you find it in terms and conditions document, all I see is this only in page 38

    I have downloaded the terms and conditions from Features

    Terms and Conditions
    For detailed Terms and Conditions and Usage Directions, click here

    (j) SBICPSL’s decision on computation of Points will be final, conclusive and binding on the Cardholder.

    Reply
  27. JK

    Hi everyone, if I register HDFC life insurance policy under utility with auto-pay option, will I get 20 RP? As per sbi credit card backend team, the HDFC life auto-pay not supported. Please share your experience. Thanks.

    Reply
  28. KK

    @Himanshu Kainth – was your bill payment done through standing instruction or manually? 20 RPs per Rs. 100 is valid only on SIs. I also learnt it the hard way. This is the SMS I received from them :

    “Due to some technical error, your Prime Credit Card ending 0325 was credited with 1140 Reward Points against non- SI Utility Bill payments done between 1st Mar?19 and 15th Jul?19. As accelerated Reward Points are only applicable for Standing Instruction (SI), your 1026 Reward Points will be debited. We regret the inconvenience caused.”

    Reply
    1. Himanshu Kainth

      KK,

      I have been recieving 20x points since i hold prime card. Its not a new biller addition. Payment was done through SI only. Team told to wait for 30 days and remaining points will be credited.

      Reply
  29. VK

    @Conscience I did spend of 1 Lac on my birthday this year and have received 5% as reward points (i.e 20k RP)

    I believe there is no Cap for bday spends.

    Reply
  30. Karthik

    I’m also looking for best card to pay rent. Red giraffe works with amex? I heard it has more surcharges / not supported. I would love to use amex mrcc for rent payment and I am looking for a way! The next best card I have is icici Amazon pay card which is compatible with red giraffe. However I will earn 250 points for 25k rent and I guess the surcharge also comes around the same amount 😁. Any other reliable sites for rent payment? I saw a site named paymatrix which supports amex but not sure if it’s reliable. Also how much is the extra charges for no broker? They always ask for our personal details but do not provide a clear tariff in the site. Kindly help.

    Reply
    1. Vicky

      NoBroker is pathetic. Their charges change every month.
      4 months back, it was 149 for 31k rent.
      2 months back, it become 199.
      This month, it 301.
      I think now NoBroker charges 99 for rent upto 10k, 149 for rent 10k-30k & 1% above 30k. Damn too high! RedGirraffe charges 0.4602% including GST. If your card doesn’t support RedGirraffe, then pay 30k via NoBroker and transfer rest via NEFT/IMPS, if this is possible at all for you. NoBroker supports Amex cards as well.
      Paymatrix charges 2.36% for credit cards.

      Reply
      1. Arjun

        For all this hassle its better to pay the landlord in cash and ask him to reduce the rent since it will in anyway become non taxable and he will save money(Good old cash always works-no matter how much we say that we want a cashless economy ,everything is against going cashless) 😛

        Reply
  31. DHEERAJ

    Hey SID,
    I have two SBI CARDS
    One is Sbi Prime and other is Simply click
    Both have almost same credit limits.
    Is it good to close simply click and merge limit with PRIME

    Reply
  32. ARR

    Hi Dheeraj,
    How did you get two SBI cards? Could you please educate us in this regard?

    Reply
    1. AshishR

      you can have 2 cards for SBI,

      1 can be from premium segemet (elite or prime) and 1 lower variant (simply click, etc) or 1 co branded (yatra sbi , air india, etc)

      Reply
  33. Mickey

    @ Dheeraj – if you have completed 2 years with Prime, then close Prime! Unless you are able to spend 3 lakhs on it and get free renewal

    Reply
    1. Arun

      @Sid, @Mickey – Will Priority pass, Club Vistara membership issued as Prime privileges be applicable even after I downgrade SBI Prime to some other card?

      On any credit card for this matter.

      Reply
      1. Mickey

        This is a good Q – Arun 26/08 –

        anyone know the answer?

        Vistara benefit is only valid for the 1st year. Even the upgrade voucher is only a 1-time thing, so I think once you have paid the 2,999/- joining fees for Prime you should get these benefits. Even PP is valid for only 2 years

        Reply
  34. Latika

    Thanks for this article.

    I was thinking of upgrading my Simply Click card to Prime card to take benefit of 5% on rent & utility payment and in-course hitting the milestones and getting the additional vouchers.

    Since this card has been devalued and I now hold ICICI Amazon Pay card, I would close my Simply Click after after I receive the Rs. 750 Amazon gift card and 0.5gm gold coin for my June and July spends under the Gold Rush offer.

    Bye Bye to the only SBI card I hold.

    Also, if I remember correctly, Sid you once wrote an article about SBI card aiming to overtake HDFC to become the largest issuer of credit cards in India. With this SBI devalue and HDFC Smartbuy offer on Credit & Debit card, I don’t see that happening.

    Reply
  35. Vic

    Hi, is LIC Life Insurance Corporation on the SI 5% list, because I could not find it on their site, was thinking for applying for this card,thanks.

    Reply
  36. Pratap Nayak

    Hi all
    Just got a call from CC saying that i will be getting 20 reward points for standing instruction . As started earlier had got 6 points . seems they had some problem. All will be getting the remaining points within 30 day s as confirmed by CC.

    Reply
    1. Himanshu Kainth

      Pratap,

      I got the same issue and same thing told by cc. Wait ti 30 days remaining points will be credited.

      Reply
  37. Mithi

    I downloaded my prime card to simply click,
    Will I get welcome gift of downgraded card?
    can I use old card till I get new physical card?

    Reply
  38. Elbee

    I have the SBI prime card and after posts from members I decided to call the centre and confirm the revision to reward points. Apparently from July 2018 the accelerated reward points stand revised to a max of 7500/ month and birthday spends are also restricted to a max of 7500/ month. Any further spends will reward points of 2 per Rs 100 spent.. Hardly makes sense retaining this card anymore especially for folks who thrived on birthday spends.

    Reply
  39. Elbee

    Guys,
    A quick query.
    Request your suggestions on Utility bill payment avenues with good return value.
    SC Super value Titanium, etc have a monthly capping on rewards points and this severely undermines its value.
    Payzapp etc comparatively offer 5% upto 250/month but this is a promotion offer.
    Iconia offers 0.7% on utility bills.

    Welcome your suggestions.

    Thanks

    Reply
    1. Harshal

      Load money into wallets like Paytm and Amazon, through Amex MRCC and pay bills through these wallets.
      Upto 11% returns on Amex MRCC through monthly bonus points. Cashbacks (although small) from Paytm/Amazon are another bonus.

      Reply
  40. MAA-traveler

    After the massive devaluation of SBI Prime, they are now trying with useless offers with puny limits:

    August month offer: 5% cashback on first three new autobill payment with maximum cashback of Rs 100 per bill payment

    July month offer: Flat Rs 100 cashback on a minimum Rs 1000 bill payment. Another offer: 5% cashback on Recharges/DTH with Minimum Rs 300 transaction and Rs 100 per card account.

    I’ve shifted my bill payments to Standard Chartered Ultimate. 3.3% reward points with a limited period offer of 10% cashback upto Rs 100 for six month for Electricity, Gas and Telecom.

    Reply
  41. Ankit Saraf

    Has anyone received the remaining 14x points for standing instruction payments?

    Reply
    1. Nipun

      No they are not updating the bills also to pay I guess they are in great loss for this feature

      Reply
  42. Mickey

    I’m also receiving promo emails almost daily from them for irrelevant offers like jewellery making charges etc.

    They should instead continue with the more usable and better features like the Vistara silver and Priority Pass even after 2 years.

    Reply
  43. As

    With effect from 1 Oct ’19, a capping of 3,000 Reward Points per month will be placed on the earning of 20 Reward Points per 100 spent on Standing Instructions of Utility Bill Payments.
     

    Reply
  44. Arun Reddy

    I got in the mail
    With effect from 1 Oct ’19, a capping of 3,000 Reward Points per month will be placed on the earning of 20 Reward Points per 100 spent on Standing Instructions of Utility Bill Payments.

    Reply
  45. Captain Bishuddha Bharatiya

    Any capping on 20 rewards points on birthday spends ?

    Reply
    1. Ankit Saraf

      I made a large transaction in July and received 20x points in 2 days. Not sure now.

      Reply
  46. Ankit Saraf

    The Cap on SI was expected considering they are holding points since July. I have only received 6points/100 for 2 of my SI in July and Aug. They said I will receive everything by Aug 31. That is passed (almost) and the remaining points are nowhere to be seen.

    Reply
  47. Mickey

    SBI is really in overdrive to devalue the Prime Card. Well, they seem to have achieved it.

    At the same time, I’m seeing billboards and advertisement of the Prime card all over town. Kind of contradictory and defeats the purpose. You are massively devaluing your card and then spending huge money on advertising! Not to mention the IPO which is in the works – the 1st ever standalone IPO for a credit card!

    Reply
  48. Harsh yadav

    Hi all.
    I work with allahabadbank, n the bank has offered this card to all its employees as LTF. After reading your article, i think i got a good deal from my employer.
    Elite is also offered as LTF (including free movie tkts) to top management of the organisation.
    Thanks for wonderful insights.

    Reply
  49. Shaunak Guharay

    Is there a comprehensive list of what falls under the utility bill category.

    First, they scrapped RedGirrafe, now they’re refusing to credit points for phone and broadband bills.

    Might as well cancel the card, its become more and more useless to me.

    Reply
  50. PKC

    I have the voucher code for my SBI PRIME which we got as welcome offer, any suggestion how to retrieve the same from SBI again?

    Reply
  51. Mickey

    I had also deleted my code – it was re-sent by a simple call to customer care

    Reply
  52. santosh

    Hi all,

    Applied for SBI elite card 2 weeks ago, office address verification done almost 2 days after applying. No update since then.

    Can anyone tell how to proceed.

    Thanks

    Reply
    1. Saroj

      I have a prime card and I regret now. They have substandard customer care support, what I personally felt is they are not trained properly most of them doesn’t know the process and struggling to answer the questions, if they can’t answer it properly they disconnect call the just like that,

      Reply
      1. Mickey

        Saroj – don’t bother too much about customer care, how many times will you interact with them anyway? Contact SBI card on Twitter, they are very good.

        But why so you regret the Prime card? If it’s suitable for your needs then enjoy using it

        Reply
  53. PRATAP NAYAK

    Hi all Don’t think they have sorted out rewards points . auto debit of electricity bill just 1% was given. for the earlier auto debit have not got the remaining points .

    Reply
  54. Amar

    Just now I checked and it seems they have today posted the remaining points for all my Autopay standing instructions that were earlier incorrect.
    Further, there was no capping on the points and I have received 20 per 100 for all the transactions.
    Hope they continue this way.

    Reply
  55. Ankit Saraf

    Recieved bulk points today. Will calculate later, but seems all points are received now.

    Reply
  56. Prem Taparia

    Good news….have just checked my SBI Card Account….the pending points for the earlier Auto-debits have finally been credited today!

    Reply
  57. bhaz

    Now , As we know from 1 Oct ’19, a capping of 3,000 Reward Points per month ie. effectively very less for me , can you suggest any other credit card who spends around 7L on utility bills.

    Reply
  58. Bhanu Sisodia

    Hi,
    I haven’t received my welcome gift voucher and pizza hut voucher for this quarter (my usage > 1 lac). Does anyone know how to contact customer care via call, as I can’t see any option to connect with CC through help line number.
    Also how to redeem my reward points to cash?
    TYIA
    Bhanu Sisodia

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *