SBI Prime Credit Card

SBI Prime Credit Card Vs IndusInd Bank Platinum Credit Card: Which One Should You Choose?

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When it comes to choosing a credit card that offers attractive rewards and benefits, two popular options in the market are the SBI Prime Credit Card and the IndusInd Bank Platinum Credit Card. Both these cards come with their unique features and perks, catering to different customer preferences. In this article, we will dive deep into the details of both cards, highlighting their benefits and rewards. Read on to understand more.

SBI Prime Credit Card: A Premium Card with Exclusive Rewards

The SBI Prime Credit Card by SBI Card is a premium offering that provides a range of rewards and benefits to its users. By using this card for your regular expenses, you can earn accelerated reward points, particularly in specific categories like dining, groceries, departmental stores, and movie spends. Moreover, the SBI Prime Credit Card offers value-added benefits such as complimentary Club Vistara Silver Membership, access to domestic and international lounges, complimentary golf lessons, discounts on dining bills, fuel surcharge waivers, and much more. These rewards and deals come with a joining and renewal fee of Rs. 2,999 + GST.

Key features and benefits of the SBI Prime Credit Card

  • Welcome gift: You receive a gift voucher worth Rs. 3,000 from a selection of popular brands, including Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, and Yatra.com.
  • Reward points: Get 5 times the reward points for every Rs. 100 spent on movies, groceries, dining, and department stores. For all other categories, you earn 2 reward points for every Rs. 100 spent. Additionally, you receive 10x reward points for every Rs. 100 spent on your birthday (limited to 2,000 points per calendar year).
  • Dining benefits: Enjoy up to 25% off on dining bills at identified partner restaurants when paying with the SBI Prime Credit Card. Exclusive benefits, such as complimentary Tablet Plus Membership with access to VIP upgrades at hotels worldwide, are available for SBI Prime Credit Card – American Express variant holders.
  • Travel benefits: Avail complimentary Club Vistara and Trident Privilege Red Tier Membership. Enjoy up to 15% off on room rent at Lalit and F&B Hotels, up to 10% off on Hertz Car Rentals, up to 35% off on Avis Car Rentals, and exclusive benefits across 900 luxury hotels (applicable for SBI Prime Credit Card – Visa variant holders). The card also provides 8 domestic and 4 international complimentary lounge access (limited to 2 per quarter).
  • Golf benefits: With the SBI Prime Credit Card MasterCard variant, enjoy 4 rounds of complimentary green fees, a maximum 50% discount on golf games, and 1 complimentary lesson per month at selected golf courses in India.
  • Fuel surcharge waiver: Get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at all fuel stations across India, with a waiver cap of Rs. 250 per month.
  • Milestone benefits: Receive a Pizza Hut e-voucher worth Rs. 1,000 upon spending Rs. 50,000 in a quarter. Additionally, achieve annual spends of Rs. 5 lakhs to receive an e-voucher from either Yatra or Pantaloons.
  • Reward redemption: Redeem earned reward points for gift vouchers available at www.sbicard.com or use them to pay your SBI Credit Card bill (1 Reward Point = Rs. 0.25).

IndusInd Bank Platinum Credit Card: Rewarding Your Transactions

The IndusInd Bank Platinum Credit Card is another commendable option that offers generous reward points and enticing deals. As a welcome benefit, cardholders receive exclusive deals on premium brands, including Montblanc, Vero Moda, ALDO, William Penn, and more. The card also provides complimentary golf rounds at selected courses in India and various travel insurance covers. While you pay a joining and renewal fee of Rs. 3,000, the IndusInd Bank Platinum Credit Card caters to customers who seek rewarding shopping experiences.

Key features and benefits of the IndusInd Bank Platinum Credit Card 

  • Welcome benefits: Cardholders enjoy exclusive deals on premium brands as a welcome benefit. They also receive Luxe Gift Cards, Amazon Gift Cards, Apollo Gift Cards, and more.
  • Reward points: Earn 1.5 reward points for every Rs. 150 spent using the card. For utility bill payments and insurance premium payments, you earn 0.7 reward points for every Rs. 150 spent.
  • Lounge access: Under the Travel Plus Program offered by IndusInd Bank at an annual fee of Rs. 5,000, cardholders can access all international and domestic lounges by paying US $27 per person per visit.
  • Movie benefits: Enjoy one free movie ticket on the purchase of one movie ticket while booking through BookMyShow. This offer can be claimed up to 2 times in a month, with the price of the movie ticket capped at Rs. 200.
  • Golf benefits: Cardholders receive 4 complimentary golf games and 4 complimentary golf lessons every year, limited to 1 each per quarter.
  • Insurance benefits: Enjoy multiple insurance covers, including lost baggage, delayed baggage, loss of passport, lost ticket, and air accidental death cover.
  • Fuel surcharge waiver: Avail a 1% fuel surcharge waiver at all fuel stations in India on transactions between Rs. 400 and Rs. 4,000.
  • Reward redemption: Redeem your reward points for various options available on the IndusInd Bank website. For example, 100 reward points can be redeemed for 100 InterMiles or 100 CV Points for Partner Airlines Vistara. Alternatively, you can opt for cash redemption at the rate of 1 reward point = Rs. 0.65.

Quick Comparison: SBI Prime Credit Card vs. IndusInd Bank Platinum Credit Card

To help you make an informed decision, let’s compare the key features of both cards side by side:

Feature SBI Prime Credit Card IndusInd Bank Platinum Credit Card
Rewards
  • 5X Reward Points for every Rs 100 on specific categories.
  • 2 Reward Points for every Rs 100 retail spends.
  • 10X Reward Points for every Rs 100 on birthdays.
  • 1.5 Reward Points per Rs 150 spent on normal spends
  • 0.7 Reward Points per Rs 150 spent on utility and insurance payments
Reward Redemption
  • Multiple options on sbicard.com
  • Cash redemption at Rs 0.25 per Reward Point
  • Multiple options available in IndusInd Bank site
  • Reward Points Redemption option to InterMiles
  • Airlines Partner Vistara Redemption options
  • Cash redemption at Rs 0.65 per Reward Point
Fuel Surcharge Waiver
  • Available at all fuel stations
  • Available at all fuel stations
Welcome benefits
  • Gift Vouchers worth Rs 3000 from Bata/ Pantaloons/ Aditya Birla Fashion, Shopper’s Stop, and Yatra
  • Gift Cards from Luxe, Amazon, Apollo Pharmacy etc.
  • Deals from Premium brands like Montblanc, Vero Moda, ALDO, William Penn etc. 
Dining & Movie Benefits
  • 25% off on dining bills
  • 5x Reward Points on movie ticket bookings (Amex variant)
  • BOGO offer on BookMyShow, twice a month
Milestone benefits
  • Pizza Hut voucher worth Rs. 1,000 on spending Rs. 50,000 in a quarter
  • Vouchers from Yatra or Pantaloons worth Rs. 7,000 on Rs. 5,00,000 spend in anniversary year
  • NA
Lounge Access
  • 2 complimentary domestic lounge access per quarter
  • 4 complimentary international lounge access (2 per quarter) with Priority Pass Membership
  • Priority Pass Membership – unlimited access to lounges by paying US $27 per person per visit
Joining Fee
  • Rs 2999 + GST
  • Rs 3000 + GST
Renewal Fee
  • Rs 2999 + GST

Waived off on Rs 300,000 spend in previous year

  • Rs 3000 + GST
Eligibility
  • Age between 18 & 65 years with a salary of Rs 32000 per month
  • Age between 21 & 65 with income of 32000 per month (ITR required)
  • Issued to both salaried and self-employed individuals between ages of 18 and 65
  • Individual should have a steady income and good credit standing

 

Conclusion: Choosing the Perfect Fit

Both the SBI Prime Credit Card and the IndusInd Bank Platinum Credit Card offer a range of rewards and benefits for regular spending. The SBI Prime Credit Card is ideal for customers seeking exclusive lifestyle benefits without a high annual fee. It provides enticing deals on travel and lifestyle. On the other hand, the IndusInd Bank Platinum Credit Card is designed for millennials who frequently shop for apparel and luxury items.

Additionally, the IndusInd Bank Platinum Credit Card offers golf rounds, and various travel plans so this card appeals to those who want to earn reward points while shopping. Ultimately, your choice depends on whether you prefer a luxurious lifestyle or rewarding shopping experiences.

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