Is it Worth Negotiating for Prime LTF with SBI Wealth Family ?

[joell]

I'm a student and new to SBI. My family qualifies for Wealth (₹50 lakh+). My RM has agreed to upgrade our account, and I'm opening a new account under the same family umbrella. I'm interested in getting an SBI CC, and while the Prime LTF would be ideal (Elite would be hard to get), I'd prefer not to pay the annual fee. If a fee waiver isn't possible, I'd consider the Simpliclick or Cashback. Given that I'm new to SBI and it's my "family's TRV", is it worth trying to negotiate for the Prime LTF card? If so, how can I negotiate for it?

SBI Wealth advertises Aurum with Wealth accounts, it seems like requesting a lower-tier card like the Prime shouldn't be too difficult.

 

[ankit_tf]

I don't think they will do an LTF even if it's wealth account. SBI Card and SBI both are separate entities unlike other bank issuers. Besides, it's very rare for them to give LTF cards, except for may be entry level cards. Even if possible, it will mostly depend on RM, mine couldn't even expedite home loan approval.

 

[joell]

I don't think they will do an LTF even if it's wealth account. SBI Card and SBI both are separate entities unlike other bank issuers. Besides, it's very rare for them to give LTF cards, except for may be entry level cards. Even if possible, it will mostly depend on RM, mine couldn't even expedite home loan approval.

That's why i asked for lower-level cards. They gave me a brochure for Aurum with Wealth and I asked them about the separate company and RM said its true and that they can try to negotiate on our behalf since they also have to hit their quarterly targets.

 

[ankit_tf]

IMO, prime looks much better than their other cards for general spends, worth it if LTF. I only avoided it because it does not give renewal benefits, else I could have taken it as paid as well.

 

[joell]

IMO, prime looks much better than their other cards for general spends, worth it if LTF. I only avoided it because it does not give renewal benefits, else I could have taken it as paid as well.

True. Elite is good if you can hit the 5L milestone but otherwise Prime is better.

 

[joell]

@Vasuki @Jeevan rao @SSV would love to know your input.

 

[rrsji]

(my RM told me the current requirement is 1Cr for Wealth upgrades, IDK how your manager is providing this at 50L)
however, Wealth gives Elite FYF. Take it, and then you can close before the second year hits.

 

[ankit_tf]

(my RM told me the current requirement is 1Cr for Wealth upgrades, IDK how your manager is providing this at 50L)
however, Wealth gives Elite FYF. Take it, and then you can close before the second year hits.

there's something called target 😛 I have wealth account with 20k AMB

 

[joell]

there's something called target 😛 I have wealth account with 20k AMB

Their target deadlines are at the end of the qtr. So I've 1 month to negotiate. They gave me the forms but I haven't submitted them yet. How do I press for LTF Prime?