M16S / State Bank of India (SBI Card) / SBI Card PRIME Advantage
premium · rewards, secured
SBI Card PRIME Advantage
The SBI Card PRIME Advantage costs Rs 2,999 a year, waived if you spend Rs 3,00,000 in a year. The forex markup is 3.5%. Lounge visits in India: 8 per year. 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
- Rs 3,00,000annual spend
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 2.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 2,999 |
|---|---|
| Annual fee | Rs 2,999 |
| Annual spend that waives the fee | Rs 3,00,000 |
| Fee notes | Renewal fee reversed on Rs 3 lakh annual spend. |
Rewards
| Welcome benefitunverified | Rs 3,000 e-gift voucher (Hush Puppies, Bata, Shoppers Stop, Yatra or Pantaloons) |
|---|---|
| Reward currency | Reward Points |
| Accelerated earnunverified | 10 RP per Rs 100 on groceries, dining, movies, departmental stores; 20 RP per Rs 100 on birthday; aggregator also lists 20 RP per Rs 100 on utility bills (2 RP after 3,000 points) and 15 RP per Rs 100 on BigBasket, which may be dated |
| Points expiry | 24 months |
| Milestone benefitsunverified | Rs 1,000 Pizza Hut e-voucher at Rs 50,000 spend in a calendar quarter; Rs 7,000 Pantaloons/Yatra e-voucher at Rs 5 lakh annual spend |
| Reward notes | 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 loungeunverified | 8 per year |
|---|---|
| International loungeunverified | 4 per year via Priority Pass, max 2 per quarter |
| Forex markup | 3.5% |
| Other freebiesunverified | Golf: 4 green-fee rounds a year, 1 lesson a month (Visa/Mastercard). Aggregator still lists Trident Privilege Red Tier and Club Vistara Silver, likely out of date. |
Charges and eligibility
| Interest per monthunverified | 2.75% |
|---|---|
| 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 |
| Eligibilityunverified | Issued against a fixed deposit (secured variant) |
| Fine-print notes | The issuer address for this card (rewards/sbi-card-prime-advantage.page, read 2026-10-12) serves the SBI Card PRIME page, whose only reference to this card is the line "Secured card variant 'Advantage' also available". No field was changed or marked verified from it, because the page does not say the secured variant carries the same terms. For reference, that PRIME page gives 2 RP per Rs 100 base (4 RP = Re 1), 10 RP on dining, departmental stores and grocery, 20 RP on birthday spends, 8 domestic and 4 international lounge visits a year, a 1% fuel waiver (Rs 500-4,000, cap Rs 250 per cycle) and the same milestones as recorded here; base_earn, point_value and fuel waiver are left null here. Benefit fields from BankBazaar's PRIME Advantage page; it states no base earn rate, point value, fuel waiver or fixed-deposit minimum, so base_earn stays null rather than copied from SBI Card PRIME. Secured status and the 2.75% finance rate remain unconfirmed; the aggregator quotes 3.75%. 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 SBI Card PRIME Advantage?
- Rs 2,999 a year, before GST. It is waived if you spend Rs 3,00,000 in a year.
- Does the SBI Card PRIME Advantage give airport lounge access?
- Yes. In India: 8 per year. Outside India: 4 per year via Priority Pass, max 2 per quarter.
- What is the forex markup on the SBI Card PRIME Advantage?
- 3.5% of each foreign-currency transaction, before GST.