The rewards program here is quite basic despite the accelerated reward rate on co-branded spends since the redemption ratio of the reward point to their monetary value is 4:1. So, cardholders can earn 2.5% value. In a market where co-branded online shopping cards are giving at least 5% flat cashback with partner brands along with 1-2% value across all other spends, the reward rate of Reliance SBI Cards stand too low. Even offline retail co-branded cards are giving better value, for example- Shoppers Stop Black HDFC Credit Card offers 7% reward points, where value of 1 reward point is up to Rs. 1.
SBI Cards
Reliance SBI Card PRIME
Shopping
Co-branded
Reward Points
1st Year Fee: ₹2,999* Plus Applicable Taxes
Shopping
Benefits on Reliance Group brands
Rewards
Up to 10 reward points on every Rs. 100 spent
Lounge Access
Up to 8 lounge access every year
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About Reliance SBI Card PRIME
Reliance SBI Card Prime is the premium variant of the co-branded cards offered by SBI Card and Reliance Group. The card offers benefits on various segments, including clothing, footwear, furniture, etc., due to multiple brands covered in Reliance Group’s umbrella, such as Jio Mart, Ajio, Reliance Trends, Cover Story, Zivame, Netmeds, Reliance Jewels, Urban Ladder, and many others.
The card caters to the needs of these brand’ loyalists by offering savings in three ways: accelerated reward earning on regular spends, discount vouchers as a welcome benefit, and Reliance Retail Voucher as a milestone benefit. It offers a 2.5% value-back on Reliance retail spends with additional discount vouchers up to Rs. 11,999 and vouchers up to Rs. 8,750 as a milestone benefit with a low spend threshold of just Rs. 3 lakh.
The co-branded benefits cover most of the regular shopping needs of the users. However, before choosing this credit calculate if you can get a better return on other cards offering all-round benefits. Estimate if the additional benefits offered in the form of welcome & milestone benefits along with discount offers work as a redeeming feature for a comparably low reward rate.
Note: This card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit the SBI Card website.
Co-branded Benefits:
- Rewards: 10 reward points for every Rs. 100 spent on the participating Reliance Retail Stores.
- Cashback Offer: 5% cashback, up to Rs. 1,000 per month on Jio Mart spends1.
- RelianceOne Offer: Adittional 1 RelianceOne point per Rs. 200 offline spends made on groceries and on Fashion Factory.
- Milestone Benefits2: Reliance retail voucher worth Rs. 1,500 on annual spends of Rs. 75,000, worth Rs. 2,250 on annual spends of Rs. 1.5 Lakh, and of Rs. 5,000 on annual spends of Rs. 3 Lakh.
- Activation Benefits: Reliance retail voucher worth Rs. 3,000 on activation. Plus, additional discount vouchers3 worth Rs. 11,999 of participating Reliance stores, as follows:
Other Features & Benefits:
- Rewards Program4:
- 5 reward points for every Rs. 100 spent on Dining, Movies & Entertainment, Domestic Airlines and International Spends
- 2 reward points for every Rs. 100 spent on other retail purchases
- Value of 1 reward point = Rs. 0.25
- Movies: 1 movie ticket every month worth Rs. 250 via BookMyShow
- Lounge Access: 8 complimentary domestic airport lounges (up to 2 per quarter) and 4 international airport lounge access (max. 2 per quarter) per calendar year
- Fuel: 1% fuel surcharge waiver5 across all petrol pumps in India up to Rs. 100
- Fee Waiver: Renewal fee waiver on annual spends of Rs. 3 Lakh
Reliance SBI Credit Card Prime: Fees & Charges
| Fees & Charges | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 2,999 | ||||||||||||||
| Finance Charges | Up to 3.50% per month (42% per annum) | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You frequently shop at Reliance Retail stores like Reliance Trends, AJIO, Jio Mart, etc.
You prefer these brands and would not be willing to switch to other brands
You typically spend a considerable amount at Jio Mart, Reliance Trends, etc. and would be able to maximise the value of monthly discount vouchers
You already have other cards that offer you good value back across other spending categories and you are only looking to save on Reliance Retail brands
Other Similar Cards:
Max SBI Card Prime
HDFC Shoppers Stop Black
Tata Neu Infinity HDFC Bank Credit Card
Paisabazaar Review
What do we like about this card?
Apart from welcome vouchers of Rs. 3,000, cardholders can also avail additional discount vouchers worth Rs. 11,999, exceeding the fee of Rs. 2,999 by a giant margin. In comparison to the base variant, this card offers additional benefits like complimentary domestic and international lounge access and movie discounts.
Pros
- Great co-branded benefits in the form of accelerated rewards, bonus vouchers and discount deals
- Welcome benefits worth more than the joining fee
- Easily achievable annual fee waiver condition
- Lounge access is not spend-based
- Decent reward rate of 2.5%
- Multiple milestone benefits
Cons
- Low rewards redemption ratio of 4:1
- Rewards redemption option limited to Reliance Retail Stores
Conclusion
Though the welcome benefits are good, the benefit comes in the form of 11 different vouchers across 11 Reliance Retail brands, and you can utilize the complete value of these discount vouchers only after spending at least Rs. 1,21,243. There is a minimum purchase value for each voucher, adding to the terms and conditions. The Jio Mart Cashback offer is quite practical, as groceries make a substantial expenditure, and it could be easier to maximize this benefit. The decent co-branded benefits can help the users save a good amount on their spends at Reliance Retail stores. However, those seeking all-round benefits can find better options at a fee of Rs. 2,999.
Frequently Asked Questions
Everything you need to know about this credit card
Yes, with the RuPay variant of your Reliance SBI Card Prime, you get 2 reward points per Rs. 100 spent at participating Reliance Retail stores only.
The card offers 5 reward points for every Rs. 100 spent on all domestic airlines, including domestic flights for international destinations as well.
Reward points earned via Reliance SBI Card Prime are redeemable against Reliance Retail Vouchers.
The card charges a forex markup fee of 3.5% on overseas transactions.
You can contact SBI credit card customer care at 1860 180 1290/1860 500 1290 in case of any disputes or concerns.
Footnotes
- Cashback on Jio Mart spends is redeemable across general merchandise & fashion categories only.
- Vouchers given on achieveing milestone spends are calculated basis transactions done at participating Reliance Retail Stores only.
- Additional vouchers on activation: For Reliance Trends discount voucher is applicable on Apparel & Footwear; Reliance Jewels: 2% On making charges for Gold & 2% On Diamond invoice value, applicable on select SKUs in Gold & Diamond; AJIO: Discount applicable after all other offers.
- Exclusions from Rewards Program: Fuel, property rental and wallet upload.
- Fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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