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Old 31st July 2017, 23:29   #2656
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Default Re: The Credit Card Thread

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Originally Posted by adimicra View Post
By the way, what is the easiest way to apply for SBI Prime/Elite card. I applied in their website but it is complaining for one reason or the other. Once I completed the application, but I did not get any application number
Try bank bazar. They often have some special offers too like Amazon gift voucher.
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Old 1st August 2017, 02:55   #2657
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Default Re: The Credit Card Thread

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Originally Posted by adimicra View Post
SBI prime reward rate is 3-5%.
Assuming a mixed usage, 3.5% is very much achievable.

Read this

http://www.cardexpert.in/sbi-card-la...t-card-review/
Depends a lot on your spending habit. My major chunk of my usage has been online, and considering the 0.5% return rate applicable on that, this card did not feel suitable for that particular usage pattern. Last month my card bill was 70000 of which nearly 50k was online. If your shopping is more at retail stores, then yes, SBI Prime is a good card for you.
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Old 1st August 2017, 23:23   #2658
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Default Re: The Credit Card Thread

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Originally Posted by autorahul View Post
Depends a lot on your spending habit. My major chunk of my usage has been online, and considering the 0.5% return rate applicable on that, this card did not feel suitable for that particular usage pattern. Last month my card bill was 70000 of which nearly 50k was online. If your shopping is more at retail stores, then yes, SBI Prime is a good card for you.
Guess you didn't read the details.

For 5 lacs annual spend, this is what you get -
1> Annual fee waiver (for >3L spend)
2> Gift voucher of 11000/- which works out to be 2.2% reward rate

Now, if you add the bare minimum reward rate of 0.5%, You still end up with a combined reward rate of 2.7%

Second scenario - You spend everything on dining, groceries or affiliated brands etc and end up with maximum reward points of more than 2.5%. So, your reward rate goes up to >4.5%

Let's consider a more practical scenario.
Annual spend -5L
Utility bills - 60K (reward rate = 5%)
Affiliated brands - 40K (reward rate = 3.75%)
Dining, groceries, supermarkets - 200K (reward rate = 2.5%)
Rest - 200K (reward rate =0.5%)

Adding the gift vouchers worth 11K mentioned earlier, the total reward = 25500 which works out to be ~5%.

So, depending on spend it is very realistic to expect 3-5% returns rate (minimum is 2.75%)

I dont know of any card which gives this kind of return for 5L spend, along with fuel surcharge waiver, lounge access (domestic and international)
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Old 8th August 2017, 13:01   #2659
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Default Re: The Credit Card Thread

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Originally Posted by adimicra View Post
By the way, what is the easiest way to apply for SBI Prime/Elite card. I applied in their website but it is complaining for one reason or the other. Once I completed the application, but I did not get any application number
Did you succeed in applying? I am trying too, for the past two days and am unable to complete the application.
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Old 8th August 2017, 15:34   #2660
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Default Re: The Credit Card Thread

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Originally Posted by vinodh_eee View Post
Did you succeed in applying? I am trying too, for the past two days and am unable to complete the application.
Why not just call up SBI Toll Free or go to the nearest SBI Branch?
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Old 8th August 2017, 16:58   #2661
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Originally Posted by vinodh_eee View Post
Did you succeed in applying? I am trying too, for the past two days and am unable to complete the application.
I got my card last week. Even I started with applying online, and it got stuck at some place. But after a day I got an SMS with the application number and that it's under process. Then I got a call from their call centre explaining the features and the fees , and he send a guy to collect the documents the next day. Then I got a verification call and one guy visited my apartment as well for verification. Then another email after a few days saying that my application got approved. And got the card delivered in a week.
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Old 9th August 2017, 15:55   #2662
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Default Re: The Credit Card Thread

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Originally Posted by kap04 View Post
I got my card last week. Even I started with applying online, and it got stuck at some place. But after a day I got an SMS with the application number and that it's under process. Then I got a call from their call centre explaining the features and the fees , and he send a guy to collect the documents the next day. Then I got a verification call and one guy visited my apartment as well for verification. Then another email after a few days saying that my application got approved. And got the card delivered in a week.
Same thing happened to me. The error on the website means nothing.
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Old 10th August 2017, 23:32   #2663
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Default Re: The Credit Card Thread

FInally could get the process started.
Submitted the documents and got a phone verification call.
Asked them to provide the Mastercard variant for PRIME card as it covers more lounges.
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