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The annual fee charged for an SBI Prime credit card is Rs. 2,999 + taxes. The renewal fee is also Rs. 2,999 + taxes. The add-on credit card fee is NIL. Below is a schedule of all the other charges applicable to the SBI Prime credit card. Let’s take a look at the other charges applicable to the SBI Prime credit card.
Fees and interest charges for SBI Prime Credit Card
|
Type of fee |
Fee |
|
Cash Advance Fee |
2.5% or Rs.500, whichever is higher |
|
Cash Payment Fee |
Rs. 250 + Taxes |
|
Interest-free grace period |
20-50 days |
|
Finance charges |
3.5% monthly (42% annually) |
|
Late payment charges |
NIL for outstanding between 0-500 |
|
Rs. 400 for outstanding between Rs. 500 to Rs.1,000 |
|
|
Rs. 750 for outstanding between Rs. 1,000 to Rs.10,000 |
|
|
Rs. 950 for outstanding between Rs. 10,000 to Rs.25,000 |
|
|
Rs. 1100 for outstanding between Rs. 25,000 to Rs.50,000 |
|
|
For amounts greater than Rs. 50,000, it is Rs.1300 |
|
|
Payment Dishonor fee |
2% of the payment amount subject to a minimum of Rs. 500 |
|
Rewards Redemption Fee |
Rs.99 |
|
Card Replacement fee |
Rs.100 to Rs.250 |
|
Credit Limit increase fee |
Rs.200 |
|
Network change fee |
Rs.200 |
|
Cheque payment fee |
Rs.100 |
|
Foreign currency transaction fee |
3.50% |
|
Processing fee |
Rs.99 |
SBI Prime credit card offers a lot of benefits like reward points, milestone benefits, offers on dining, travel, hotel stays, etc. Customers can enjoy complimentary airport lounge access, Club Vistara membership, birthday benefits, Trident Privilege membership, golf games, savings on car rentals, etc.