Karnataka Bank SBI Card Prime
MyRupaya Ratings
Product Details
Credit Card Name :
MakeMyTrip ICICI Bank Credit Card
Bank Name :
ICICI Bank
Type :
Travel Credit Card
Interest Rate :
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Eligibility :
Age: 18 years to 60 years old.
Occupation: Salaried or self-employed.
Credit Score: Good credit history is preferred.
Pros
Welcome Benefit: Users will get a voucher worth INR 3,000 from one of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com.
Reward System: Users will get 10 reward points per INR 100 spent on dining, groceries, departmental stores and movies. Value of 1 reward point = INR 0.25. Effective special cashback rate: 2.5%. 20 reward points per INR 100 spent on standing instructions of utility bill payments. Effective utility bill payment cashback rate: 5%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%. 20 reward points per INR 100 spent on the birthday (reward points on the birthday spend (one day before, on the birthday and one day after) is capped at 2000 reward points per calendar year).
Milestone Benefits: Users will get a free Pizza Hut voucher worth INR 1,000 on achieving spends of INR 50,000 in a calendar quarter. Reversal of renewal fee on annual spends of INR 3 Lakhs. Gift voucher worth INR 7,000 from Yatra.com or Pantaloons for achieving annual spending of INR 5 Lakhs.
Free Trident Privilege Red Tier Membership. Exclusive 1,000 welcome points on registration and 1,500 bonus points on first stay & additional INR 1,000 hotel credit on extended night stay.
Free Club Vistara Silver membership. 1 free upgrade voucher. 9 Club Vistara points for every INR 100 spent on Vistara flights.
4 free visits per calendar year to International priority pass lounges, outside India (max. 2 visits per quarter)
8 complimentary visits per calendar year to domestic lounges in India (max. 2 visits per quarter).
Cons
Low general cashback rate.
Pros & Cons
Welcome Benefits
Users will receive a voucher worth INR 3,000 from one of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, or Yatra.com.
Rewards System
Reward System: Users will get 10 reward points per INR 100 spent on dining, groceries, departmental stores and movies. Value of 1 reward point = INR 0.25. Effective special cashback rate: 2.5%. 20 reward points per INR 100 spent on standing instructions of utility bill payments. Effective utility bill payment cashback rate: 5%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Free Club Vistara membership.
Eligibility Criteria
Age: 18 years to 60 years old.
Occupation: Salaried or self-employed.
Credit Score: Good credit history is preferred.
Benefits
Great travel benefits.
Free movie tickets.
Free domestic and international lounge visits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the Karnataka Bank Card Prime:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to UCOKarnataka Bank Card Prime.
Click on "Apply Now" button and fill out the online application form with all your details.
Upload the requisite documents, such as proof of identity, proof of address, and proof of income.
Submit the application form.
2. Offline:
This method involves visiting a Karnataka Bank branch.
Ask for the Karnataka Bank Card Prime application form.
Fill out the form with all of your details.
Attach the requisite documents.
Submit the application form to the bank.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an Karnataka Bank Card Prime application form.
The bank will then send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
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Pros:-
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Cons:-
Welcome Benefit: Users will get a voucher worth INR 3,000 from one of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com.
Reward System: Users will get 10 reward points per INR 100 spent on dining, groceries, departmental stores and movies. Value of 1 reward point = INR 0.25. Effective special cashback rate: 2.5%. 20 reward points per INR 100 spent on standing instructions of utility bill payments. Effective utility bill payment cashback rate: 5%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%. 20 reward points per INR 100 spent on the birthday (reward points on the birthday spend (one day before, on the birthday and one day after) is capped at 2000 reward points per calendar year).
Milestone Benefits: Users will get a free Pizza Hut voucher worth INR 1,000 on achieving spends of INR 50,000 in a calendar quarter. Reversal of renewal fee on annual spends of INR 3 Lakhs. Gift voucher worth INR 7,000 from Yatra.com or Pantaloons for achieving annual spending of INR 5 Lakhs.
Free Trident Privilege Red Tier Membership. Exclusive 1,000 welcome points on registration and 1,500 bonus points on first stay & additional INR 1,000 hotel credit on extended night stay.
Free Club Vistara Silver membership. 1 free upgrade voucher. 9 Club Vistara points for every INR 100 spent on Vistara flights.
4 free visits per calendar year to International priority pass lounges, outside India (max. 2 visits per quarter)
8 complimentary visits per calendar year to domestic lounges in India (max. 2 visits per quarter).
Low general cashback rate.
The card comes with decent welcome benefits and yearly milestone benefits. The card is also loaded with value add benefits such as free Club Vistara Red tier membership, etc. It offers an average cashback rate of 2.5% on dining, groceries, departmental stores and movies. Overall it is a good card especially for people who are have just started working.
Karnataka Bank SBI Card Prime Review
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee (one time): INR 2,999 + Taxes
Renewal Fee (per annum): INR 2,999 + Taxes.
Cash Advance fees: 2.5% or Rs. 500
Interest Rate: Up to 3.50% per month (42% per annum)
Late Payment charges: 0 to 1300.
Reward Redemption Fees: INR 99/- per redemption.
Fuel Surcharge
1% Fuel surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum surcharge waiver of Rs.250 per statement cycle, per credit card account.
Billing Cycle
30 Days