Landmark Rewards SBI PRIME Credit Card
The Landmark Rewards SBI PRIME Credit Card is a co-branded credit card offered by SBI Card in partnership with Landmark Group, designed mainly for people who frequently shop at Landmark brands such as SPAR, Max, Baby Shop, Lifestyle, Home Centre and EasyBuy. The card offers higher reward points on purchases made at these stores, giving good value-back on regular shopping. It also rewards spending on dining, movies, and international transactions. However, the reward points earned can be used only at Landmark stores, with each point valued at ₹0.25, which makes the card most useful for loyal Landmark customers.
The card has an annual fee of ₹2,999 plus GST, but this is covered well by the benefits it offers. Cardholders receive 12,000 reward points worth ₹3,000 as a joining and renewal benefit every year. The card also provides milestone bonus points and complimentary access to domestic and international airport lounges. Although it offers extra rewards on international spending, the high foreign currency charges reduce the overall benefit. Overall, this card is a simple and practical choice for shoppers who spend regularly at Landmark stores and want steady rewards along with basic travel and lifestyle benefits.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Landmark Rewards SBI PRIME Credit Card – Features and Benefits
The Landmark Rewards SBI PRIME Credit Card is designed for shoppers who frequently visit Landmark Group stores such as Lifestyle, Max, Home Centre, SPAR, Babyshop, and EasyBuy. With a mix of high-value rewards, travel privileges, and milestone benefits, this card offers significant value for regular users.
Accelerated Reward Points on Spending
- 25 Reward Points per ₹100 spent at Landmark stores (Max, Lifestyle, Home Centre, SPAR, EasyBuy, Babyshop).
- 10 Reward Points per ₹100 on dining, movies, and international transactions.
- 2 Reward Points per ₹100 on all other eligible retail purchases.
- Note: Fuel purchases are excluded from earning rewards.
Welcome and Renewal Benefits
The card provides a generous 12,000 Reward Points, worth ₹3,000, as a welcome and renewal benefit. Points are credited within 30 days of receiving the payment, making it an immediate value addition for new and returning cardholders.
Milestone Rewards for High Spenders
Cardholders who spend ₹5 lakh or more in a year can earn 20,000 bonus Reward Points, adding extra value for frequent shoppers.
Reward Redemption Options
SBI Reward Points can be converted into Landmark Rewards (LMR) for enhanced benefits:
- 1 Landmark Reward = ₹0.60
- 1 LMR = 2.4 SBI Reward Points
Conversions can be done via the SBI Card helpline at 1860-180-1290. A redemption fee of ₹99 + GST applies for conversions below 1,000 points.
Travel Benefits and Lounge Access
- Eight complimentary domestic airport lounge visits per year, limited to 2 visits per quarter.
- Priority Pass Membership, valued at USD 99, offering four complimentary international lounge visits annually (2 visits per quarter).
- 5X Reward Points on international spends, although a 3.5% foreign currency fee reduces the net benefit.
Landmark Rewards SBI PRIME Credit Card Review
The Landmark Rewards SBI PRIME Credit Card is ideal for shoppers loyal to Landmark stores, offering one of the highest reward rates in its category, along with generous welcome, renewal, and milestone benefits. Travel perks such as lounge access and Priority Pass membership further enhance its value. While it may be less beneficial for users whose spending is not concentrated at partner stores, this card provides excellent rewards, lifestyle, and travel benefits, making it a premium and rewarding option for frequent Landmark shoppers.
What is the Landmark Rewards SBI PRIME Card and its variants?
The Landmark Rewards SBI Card comes in three versions: the basic card, the Select variant with higher rewards, and the PRIME variant, which is the premium card offering the highest rewards, milestone benefits, and lounge access. The PRIME card is available in RuPay SELECT and Visa Signature variants.
How much does the Landmark Rewards SBI PRIME Card cost?
The card has an annual and joining fee of ₹2,999 plus GST.
How do I earn rewards with the PRIME card?
You earn 6.25% rewards on purchases at Landmark stores and 2.5% on dining, movies, and international spending. There are also bonus points through welcome and renewal benefits and milestone rewards up to 20,000 points.
Where can I use my reward points?
Reward points can only be redeemed at Landmark stores, with each point worth ₹0.25. They cannot be converted into cashback.
Does the card offer travel benefits?
Yes, the PRIME card gives 8 domestic lounge visits and 4 international visits via Priority Pass each year. It also offers 5X rewards on international spending, though the 3.5% foreign currency fee reduces the overall benefit for overseas use.
Can I earn rewards on fuel purchases?
No, fuel spends do not earn reward points, but the card offers a 1% fuel surcharge waiver, which can save up to ₹1,200 per year.
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