Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • SBI Unnati Credit Card

    State Bank of India (SBI) has launched a new credit card called the Unnati card. The Unnati card is provided to an account holder who holds an account balance of Rs.25,000 or more. SBI is not planning to charge any annual card fee for the first four years. Additionally, the card offers a host of benefits. From using the card at over 24 million outlets to attractive reward points, Unnati card can be the perfect solution to individuals who wish to use a credit card for basic necessities such as paying utility bills, making payments, shopping, etc. SBI is looking at making the application process as simple as possible for the convenience of the common man. If an application has been received for a Unnati card, the bank will use the KYC documents for approving the application, the bank won't require any underwriting or history of bank balance.

    Benefits of SBI Unnati Credit Card:

    • The card offers cardholders 1% fuel surcharge waiver on fuel spends between Rs.500 and Rs.3,000.
    • Attractive rewards program where you can earn 1 Reward Point for Rs.100 spent on the card.
    • Receive cashback of Rs.500 if spending crosses Rs.50,000 per year on the card.
    • No annual fee for the first 4 years.
    • Eligible for reward points when the card is used. The rewards can be redeemed later against a wide range of gifts.
    • 1 percent of fuel surcharge fee waived for each fuel purchases transaction between Rs.500 and Rs.3000.
    • Issued to individuals based on their SBI fixed deposit which can be in the range from Rs.25,000 to Rs.5 lakh.

    Additional Benefits of SBI Unnati Credit Card

    There are over 3,25,000 outlets in India that will accept the Unnati card. The cardholder can also request for an add-on card for his/her family members. When an individual applies for a credit card or a loan, most banks will be looking into the credit report or the credit score, however, SBI is all set to change the trend in the credit market. With a diverse range of benefits, Unnati card will be one of the ideal credit cards that be easily obtained without any hassle.

    Features of SBI Unnati Credit Card:

    The SBI Unnati credit card offers cardholders the following features:

    • Accepted across over 24 million merchant outlets across the world.
    • Avail add-on cards for family members such as parents, children over the age of 18 years, siblings or a spouse.
    • Convert expenses charged to your card into Flexipay to ease repayment for spends above Rs.2,500. Simply convert your outstanding payments above Rs.2,500 into EMI’s to make paying off your dues more manageable.
    • Can be used to withdraw cash from over 1 million Visa or MasterCard ATMs.
    • Pay utility bills using the card.
    • Enables the user to transfer the outstanding balance of other credit cards to SBI card Unnati.
    • Allows the users to convert transactions into easy EMIs.
    • Users can get a draft or cheque against the cash limit.

    How to Apply for SBI Unnati Credit Card Online?

    If you wish to apply for an SBI Unnati credit card, you can do so in the following ways:

    • Visit the nearest SBI branch and fill out an application form and provide the required documents.
    • Call the SBI helpline for assistance on the application process.

    Fees and Charges of SBI Unnati Credit Card

    Type of Charge Fee
    Annual Fee (5th Year Onwards) Rs.499
    Add-on card Nil
    Finance Charges Up to 3.50% per month
    Interest-free Credit Period 20 days to 50 days
    Cash Advance Limit Up to 80% of credit limit subject to maximum of Rs.12,000 each day
    Free credit period Nil
    Cash Advance Fee at SBI ATMs 2.5% of the transaction amount subjected to a minimum value of Rs.500
    Cash Advance Fee at other bank ATMs 2.5% of the transaction amount subjected to a minimum value of Rs.500
    Cash Advance Fee at International ATMs 2.5% of the transaction amount subjected to a minimum value of Rs.500
    Cash Payment Fee Rs.100
    Payment Dishonour Fee 2% of payment amount subject to a minimum amount of Rs.500
    Cheque Fee Rs.100
    Card Replacement Fee Rs.100
    Emergency card replacement when abroad Actual cost, with the minimum amount being $175
    Foreign Currency Transaction mark up 3.5%
    Rewards Redemption Rs.99
    Over limit Charges 2.5% of the amount subject to a minimum of Rs.600
    Railway tickets via ticket counters Rs.30 plus 2.5% of the transaction amount
    Railway tickets via official online portal 1.8% of the transaction amount plus service charge
    Fuel surcharge waiver 1% waiver for transactions between Rs.500 to Rs.3,000

    Eligibility Criteria for SBI Unnati Credit Card:

    The eligibility criteria for the SBI Unnati credit card are based on the applicant’s age, employment and other factors. Please contact the bank for eligibility criteria specific to the credit card.

    SBI Offers Credit Card for Individuals Without Credit History

    We all know that while applying for a credit card an individual needs to have a good credit history without which it becomes difficult to get one. In a bid to address this issue, the country’s largest public sector bank has come up with an initiative under which individuals without any credit history or those new to the credit will be provided with ‘SBI Unnati’ credit card provided they have a minimum fixed deposit of Rs.25,000 with the bank.

    FAQs on SBI Unnati Credit Card

    1. How do I apply for the SBI Unnati Credit Card?

      You can apply for the SBI Unnati Credit Card through the official website of SBI Card. Alternatively, you can also visit one of the nearest SBI branch offices and apply for the same.

    2. Are there any annual fee on the SBI Unnati Credit Card?

      Yes, there is an applicable annual fee on the SBI Unnati Credit Card. However, this fee will be applicable only after the first 4 years.

    3. What is the Reward Points structure on the SBI Unnati Credit Card?

      The Rewards Points structure on the SBI Unnati Credit Card offers 1 reward point for every Rs.100 spent on the card. However, you cannot avail the reward points for transactions related to cash advances, fuel transactions, and balance transfer.

    4. Do I need to have a fixed deposit with the bank in order to avail the SBI Unnati Credit Card?

      Yes, you will be required to maintain a fixed deposit account with a minimum of Rs.25,000 as its balance before you can apply for the SBI Unnati Credit

    5. I have misplaced my SBI Unnati Credit Card. What should I do next?

      If you have lost or misplaced your SBI Unnati Credit Card, you should contact the SBI Card customer care at the earliest and inform the same. The card will be blocked immediately and a fresh card will be issued for you.

    6. I found the SBI Unnati Credit Card which I had misplaced earlier. Can I use it again?

      No, you cannot use a credit card which has already been reported to be missing and has been blocked. If you happen to find the card after misplacing it, you should just cut the card through the middle of the magnetic strip and dispose it off.


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