M16S / State Bank of India (SBI Card) / Landmark Rewards SBI Card PRIME
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Landmark Rewards SBI Card PRIME
The Landmark Rewards SBI Card PRIME costs Rs 2,999 a year. Its base return is 0.5% (2 RP per Rs 100 on other retail purchases). The forex markup is 3.5%. Lounge visits in India: 8 per year, max 2 per quarter. Abroad: 4 per year via Priority Pass, max 2 per quarter. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 2,999+ GST
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 2,999 |
|---|---|
| Annual fee | Rs 2,999 |
| Fee notes | Annual fee Rs 2,999 + taxes; renewal fee the same from second year (product page). No spend-based waiver on the page or in the MITC. |
Rewards
| Welcome benefit | 12,000 bonus RP worth Rs 3,000 on payment of annual fee |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on other retail purchases |
| Base return | 0.5% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP); instant redemption at Lifestyle, Home Centre, Spar, Max, Baby Shop and EasyBuy stores |
| Accelerated earn | 25 RP per Rs 100 at online and retail Landmark stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, EasyBuy); 10 RP per Rs 100 on dining, movies and international spends |
| Spends that earn nothing | Other-retail earn excludes fuel, rental, government spends, gaming, wallet and EMI |
| Points expiry | 24 months |
| Milestone benefits | 20,000 bonus RP on overall annual retail spends of Rs 5,00,000 |
| Reward notes | base_return_pct = 2 RP per Rs 100 x Rs 0.25 (4 RP = Re 1, both from the product page) = 0.5%. Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited. |
Travel and perks
| Domestic lounge | 8 per year, max 2 per quarter |
|---|---|
| International lounge | 4 per year via Priority Pass, max 2 per quarter |
| Lounge conditions | Priority Pass membership worth USD 99; USD 27 + taxes per visit after the complimentary ones. Domestic lounge list restricted to issuer Set B from 10 Jan 2026. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000 (excl. GST), cap Rs 250 per statement cycle |
| Other freebies | Priority Pass membership worth USD 99 |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Benefit fields now read from the issuer's product page (rendered 2026-10-12). Formerly sold as Lifestyle Home Centre / Max / Spar SBI Card. The page does not name the network, so the earlier RuPay/Visa value stays unverified. Page vs earlier value (page used): point_value also said points convert to Landmark Rewards at 2.4 RP : 1 LMR, 1 LMR = Rs 0.60 (Card Insider); the page states only 4 RP = Re 1 and instant redemption at Landmark stores; reward_exclusions was 'fuel; digital gaming and government from 1 Sep 2025 (issuer notice)'; page lists fuel, rental, government, gaming, wallet, EMI; fuel waiver was Rs 500-4,000 with no cap (Card Insider); page says Rs 500-3,000, cap Rs 250 per statement cycle. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the Landmark Rewards SBI Card PRIME?
- Rs 2,999 a year, before GST.
- Does the Landmark Rewards SBI Card PRIME give airport lounge access?
- Yes. In India: 8 per year, max 2 per quarter. Outside India: 4 per year via Priority Pass, max 2 per quarter. Conditions: Priority Pass membership worth USD 99; USD 27 + taxes per visit after the complimentary ones. Domestic lounge list restricted to issuer Set B from 10 Jan 2026.
- What is the forex markup on the Landmark Rewards SBI Card PRIME?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Landmark Rewards SBI Card PRIME?
- Other-retail earn excludes fuel, rental, government spends, gaming, wallet and EMI