M16S / State Bank of India (SBI Card) / South Indian Bank SBI Card PRIME
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South Indian Bank SBI Card PRIME
The South Indian Bank SBI Card PRIME costs Rs 2,999 a year, waived if you spend Rs 3,00,000 in a year. Its base return is 0.5% (2 RP per Rs 100 on all other retail spends, except fuel). The forex markup is 3.5%. Lounge visits in India: 8 per year, max 2 per quarter. Abroad: 4 per calendar year via Priority Pass, outside India, max 2 per quarter. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 2,999+ GST
- Fee waived at
- Rs 3,00,000annual spend
- 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 |
| Annual spend that waives the fee | Rs 3,00,000 |
| Fee notes | Annual fee Rs 2,999 + taxes; renewal fee Rs 2,999 from second year, waived on Rs 3 lakh annual spend (product page). |
Rewards
| Welcome benefit | Welcome e-gift voucher worth Rs 3,000 (Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, Shoppers Stop); voucher link sent within 21 days of annual-fee realisation |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on all other retail spends, except fuel |
| Base return | 0.5% |
| Point value | 4 RP = Re 1 against card outstanding (Rs 0.25 per RP) |
| Accelerated earn | 10 RP on dining, departmental stores and grocery spends (page does not repeat the per-Rs 100 unit); 20 RP per Rs 100 on birthday spends (day before, on and day after); 20 RP on utility bill payment standing instructions |
| Caps | Birthday RP capped at 2,000 per calendar year; utility standing-instruction bonus: after 3,000 points, 2 RP per Rs 100 (period not stated) |
| Spends that earn nothing | Fuel earns no points |
| Points expiry | 24 months |
| Milestone benefits | Pizza Hut e-voucher worth Rs 1,000 on quarterly spends of Rs 50,000 (Rs 500 for 'Prime Pro' cardholders); Rs 7,000 Yatra.com/Pantaloons e-gift voucher on Rs 5 lakh annual spend; renewal fee waived at Rs 3 lakh |
| Reward notes | base_return_pct = 2 RP per Rs 100 x Rs 0.25 (4 RP = Re 1 against card outstanding, both from the product page) = 0.5%; the 10 RP categories would give 2.5% if the 10 RP is per Rs 100. 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 calendar year via Priority Pass, outside India, max 2 per quarter |
| Lounge conditions | Priority Pass membership (worth USD 99) for the primary cardholder only, valid 2 years; call the helpline to receive the Priority Pass. Listed in the issuer's Set B revised domestic lounge list from 10 Jan 2026. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 250 per statement cycle |
| Other freebies | Club ITC Silver tier membership for 1 year; Rs 1 lakh fraud liability cover (48 hours before to 7 days after reporting); network offers incl. Mastercard golf (4 complimentary green-fee rounds, up to 50% off games, 1 lesson a month) and up to 15% off at Lalit Hotels incl. Hertz/Avis car-rental savings (Visa/RuPay offers). |
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 | Reward, lounge, milestone and network fields now read from the issuer's product page (rendered 2026-10-12); networks taken from the page's network-offer tabs. The page is live with a branch-apply instruction, so status open is treated as confirmed. Forex markup is not on the page (3.5% from MITC). Page vs earlier value (page used): old accelerated_earn listed movies among the 10 RP categories (aggregator); page lists dining, departmental stores, grocery only; networks was ['Visa'] inferred from a 'Visa payWave' mention; page network tabs show Mastercard, Visa, RuPay; lounge counts were 'not stated' (BankBazaar); page gives 8 domestic and 4 international; milestone was 'up to Rs 11,000 in vouchers, thresholds not stated' (BankBazaar); page gives Rs 1,000 Pizza Hut per Rs 50,000 quarter and Rs 7,000 at Rs 5 lakh; source_product_page was the .html address; the .page address was the one rendered. 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 South Indian Bank SBI Card PRIME?
- Rs 2,999 a year, before GST. It is waived if you spend Rs 3,00,000 in a year.
- Does the South Indian Bank SBI Card PRIME give airport lounge access?
- Yes. In India: 8 per year, max 2 per quarter. Outside India: 4 per calendar year via Priority Pass, outside India, max 2 per quarter. Conditions: Priority Pass membership (worth USD 99) for the primary cardholder only, valid 2 years; call the helpline to receive the Priority Pass. Listed in the issuer's Set B revised domestic lounge list from 10 Jan 2026.
- What is the forex markup on the South Indian Bank SBI Card PRIME?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the South Indian Bank SBI Card PRIME?
- Fuel earns no points