Turn Daily Bills Into Rewards With PSB SBI Card PRIME

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

19 Mar 26
3 mins

Shreyansh Singh

08 Mins
19-03-26

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Table of Contents

PSB SBI Card PRIME Benefits
PSB SBI Card PRIME Fees and Charges

₹3,000 welcome voucher offsets ₹2,999 joining fee effectively.
Earn 10 reward points per ₹100 dining spend.
4 Priority Pass and 8 domestic lounge visits available yearly.
₹1,000 Pizza Hut voucher on ₹50,000 quarterly spend.
₹7,000 voucher reward on ₹5 lakh yearly spending.

The PSB SBI Card PRIME is a co-branded credit card from Punjab & Sind Bank and State Bank of India. It offers lifestyle rewards, travel benefits, and spending privileges.

Cardholders receive a welcome e-gift voucher worth ₹3,000 from popular brands, which offsets the joining charge of ₹2,999+taxes. The PSB SBI PRIME annual fee is also ₹2,999+taxes, which can be waived on an annual spend of ₹3 lakh.

Read on to know more about this credit has to offer!

PSB SBI Card PRIME Benefits

Users earn 20 reward points per ₹100 on utility bill standing instructions. Dining, grocery, movies, or departmental store purchases earn 10 reward points per ₹100. Other retail transactions earn 2 reward points per ₹100, where 4 points equal ₹1.

Which features add more value to the PSB SBI Card PRIME privilege? Explore the list below:

Milestone Benefits: Receive a ₹1,000 Pizza Hut e-gift voucher on quarterly spends of ₹50,000. Spending ₹5 lakh in a year unlocks a ₹7,000 Yatra or Pantaloons voucher.
Lounge Access: The PSB SBI Card PRIME lounge access offers 4 Priority Pass lounge visits yearly and 8 complimentary domestic lounge visits within India.
Birthday Benefit: Earn 20 reward points on spending ₹100 one day before till one day after the birthday. The reward is capped at 2,000 points yearly.
ITC Silver Tier Membership: Receive a complimentary one-year Club ITC Silver Tier membership for eligible cards issued after 1 September 2025.
Fraud Liability Cover: The card offers credit card fraud liability cover of ₹1 lakh from 48 hours before the loss report up to 7 days after reporting.
Network Privileges: Visa provides benefits across luxury hotels, Hertz rentals, Avis rentals, and IHG stays. RuPay offers cashback on MakeMyTrip bookings, ZoomCar rentals, or Lifestyle shopping.

PSB SBI Card PRIME Fees and Charges

Finance charges for the PSB SBI PRIME Card is 3.75% monthly, which is 45% annually. ₹25 is charged on unpaid balances or cash advances.

Here are some other notable charges levied on the card:

Parameters	Amount
Card Replacement Fee	₹100-250
Cheque Payment Fee	₹200
Cash Advance Charges	2.5% or ₹500, whichever is higher
Overlimit Fee	2.5% or ₹600, whichever is higher
Late Payment	NIL till ₹500₹400 for ₹501-1,000₹750 for ₹1,001-10,000₹950 for ₹10,001-25,000₹1,100 for ₹25,001-50,000₹1,300 for above ₹50,000

💡It is really daunting how late payment charges can pile up! Install the secure and GST-compliant Pice app on your smartphone to get payment reminders and never pay a late fee again. You can pay credit card bills through the app and even track payment status.

Footnotes

The card offers 1% fuel surcharge waiver on ₹500–₹4,000 transactions, with a maximum waiver of ₹250 per month.
Lounge access allows up to 2 visits per quarter for both domestic and international lounges.

FAQs

How can cardholders activate the ITC Silver Tier membership?

Cardholders become eligible after the first transaction within 60 days of card issue. Activation details arrive within 15 days, and login credentials within 7 working days after successful registration.

When will the milestone e-gift voucher reach cardholders?

The milestone e-gift voucher is usually shared within 21 working days after the eligible spending milestone. After the request confirmation, the voucher reaches the registered mobile number or email ID within 5 days.

What should cardholders do during card loss abroad?

Cardholders can request emergency card replacement through the Visa assistance service. A 24/7 helpline remains available worldwide. For loss in India, contact 1860 180 1290 or 39 02 02 02.