State Bank of India offers a wide range of credit cards each designed meticulously to suit the financial needs of the cardholders. From low finance charges to an excellent rewards program, SBI credit cards offer several benefits.
|SBI Credit Card Variants||Annual Fee||Suitable For|
|SimplyCLICK SBI Card||Rs.499||Online shopping|
|SimplySAVE SBI Card||Rs.499||Shopping (Everyday)|
|Yatra SBI Card||Rs.499||Travel|
|FBB SBI STYLEUP Card||Rs.499||Co-branded shopping|
|BPCL SBI Card||Rs.499||Fuel|
|IRCTC SBI Platinum Card||Rs.500||Co-branded travel|
|Air India SBI Platinum Card||Rs.1,499||Travel|
|SBI Card PRIME||Rs.2,999||Premium & Lifestyle|
|SBI Card ELITE||Rs.4,999||Premium & Lifestyle|
|Air India SBI Signature Card||Rs.4,999||Premium & Travel|
(* BankBazaar is an official partner of SBI and allows users to apply for the below-listed cards on the website.)
State Bank of India offers multiple credit cards to meet the financial needs of individual cardholders. SBI cards offer rewards on travel, shopping, dining, and more. You can also enjoy benefits like cashback and low-interest rates, among others. If you are looking for a new credit card, take a look at the features and benefits of SBI cards to choose one that best suits you.
SBI cards are categorised as premium cards, shopping and travel cards, classic cards and exclusive cards. Each card is unique and have special offers like free movie tickets, concierge services, lounge access facilities, balance transfer facility, flexi payment in EMIs, reward points, online bills payment and many more.
Credit Card offered by other Banks
All credit cards from SBI offer a range of benefits including:
Save on your interest
You can transfer your outstanding amounts from other cards to your SBI card at a low rate of interest. With the balance transfer feature, you can avoid paying interest on multiple cards.
Auto payment of bills
With your credit card, paying your utility bills is hassle free. The auto bill payment option called Easy Bill Pay allows you to make timely payments each month. You can register and pay your utility bills, insurance premiums, telephone and electricity bills.
Protect yourself with insurance
SBI in partnership with CCP offers comprehensive protection in the event of card loss, fraud, or theft. Cardholders enjoy facilities like emergency travel assistance, banking protection, free replacement of lost card, and more.
Convenient access to your account
You can access your SBI card account online or download the SBI Card mobile app. Make bill payments, check your outstanding balance, and more anytime, anywhere.
Funds for your immediate cash requirements
Your SBI card can be very helpful if you need additional funds for an emergency. With the SBI Encash facility, you can get quick access to funds. You could get an amount above or within your credit limit transferred to your account within 48 hours with Encash. Repayment of the funds can be made in 12-, 24-, or 36-month instalments.
SBI Card Unnati - You can apply for this credit card against a fixed deposit. You need to have an FD of Rs.25,000 or more with State Bank of India to be eligible.
|Type of fees||Charges|
|Credit card finance charge||3.5% on all unsecured SBI Credit Cards (except Shaurya)|
|Minimum amount due each month||5% of total outstanding amount or Rs.200 + taxes, whichever is higher|
|Interest fee period||20 to 50 days|
|Finance charge on cash advance||For domestic cash withdrawal, a fee of 2.5% or Rs.500 (whichever is higher)|
|Statement retrieval||Rs.100 per statement – for statements more than 2 months old|
|Late payment fee (charged based on the total outstanding amounts)||
|Over limit fee||2.5%|
|Card replacement fee – domestic||Rs.100 to Rs.250|
You are required to submit proof of identity, address, and income while applying for a credit card. Here is a list of documents you can submit to prove your eligibility. Remember that this is not an exhaustive list and that the bank can ask you for additional documents.
|Proof of identity (any one)||
|Address proof (any one)||
|Income proof for self-employed individuals||
|Income proof for salaried individuals||
Applying for an SBI credit card is easy. BankBazaar offers paperless application for selected SBI cards. You can check your eligibility, upload the documents, and apply for a card within a few minutes through the BankBazaar website.
Additionally, you can log on to the SBI website and apply for a card online. SBI offers online application for most of their cards.
Step 1: Visit the official SBI website.
Step 2: Slide the cursor on the credit cards tab and click on ‘Help Me Find a Card’.
Step 3: Find the ideal card for you with the Simplyfier feature.
Step 4: Read through the features and benefits of the card.
Step 5: Click on ‘Apply’.
Step 6: Fill in your personal and contact details.
Step 7: A representative of the bank will contact you to take your application further.
You can also visit any SBI branch near you to apply for a credit card. If you want to apply for an SBI banking partner card, you will have to visit the partner branch to complete the application process.
Required Credit Score to Apply for SBI Cards: SBI takes into account your credit history and you credit score to determine your eligibility for a card. Although the specific score required varies from card to card, a score of 700 and above is considered good.
If you want to find out whether your application has been approved by the bank, you can use the Track Application feature on the BankBazaar website.
Step 1: Visit BankBazaar.com and click on ‘Track Application’.
Step 2: Enter your application ID, mobile number, and click on ‘Track Application’.
Step 3: The screen will display the status of your application.
You can also track the status of your application if you have applied for your card through the SBI website.
Step 1: Log on to the SBI website.
Step 2: You will find the ‘Track My Application’ link under the ‘Apply’ tab.
Step 3: Enter your application or reference number to get the details.
Step 4: You can also fill in your date of birth to track your application.
Pay the balance on your other credit cards with your SBI card. You can transfer the outstanding amount on other cards to your SBI card at a low rate of interest. The SBI credit card balance transfer feature can help you save on the interest on multiple cards. SBI offers two balance transfer plans you can choose from:
The Encash feature on SBI cards allows you quick access to funds when you need it the most. It is a pre-approved facility that is offered to selected cardholders. You can apply for a loan amount that is within or over your existing credit limit. If you are eligible, the amount will be transferred to your State Bank of India account within 48 working hours. Transfer of funds will be done through NEFT.
Encash attracts an interest rate as well as a processing fee. You can contact the bank for the applicable rate of interest. You have to pay a one-time processing fee of 2% of the amount or Rs.499, whichever is higher. The processing fee will not exceed Rs.3,000.
SBI offers various avenues to help you pay your SBI credit card bill on time. Based on your convenience, you can choose to pay your bill online or in person.
You can use any of the following methods to pay your credit card bill online.
If you have any queries about your card, you can contact SBI credit card customer care for assistance. You can contact the bank through any one of the following ways.
In addition to Reward Points and value back, you can enjoy a range of offers on your SBI card. From promotions on travel to shopping, get exclusive discounts and deals with your credit card.
Most SBI cards allow you to earn Shop-and-Smile Reward Points which have a validity of 2 years. Use your card to make purchases to earn points on each transaction. It is important to keep in mind the specific spend categories for which you can earn maximum Reward Points.
Once you have accumulated the points, you can redeem them for exclusive gifts, shopping vouchers, and more. Points redemption can be done on the SBI website or through the mobile app. Sign in with your login information and redeem your points for any of the products in the catalogue.
You can call SBI card helpline 1860 180 1290 or 39 02 02 02 with your local STD code or write to them to redeem your points. Your gift will be delivered to the registered address.
Yes, SBI Card has an exclusive with the same name ‘SBI Card’ available on both Android and iOS platforms. Once you download the app, you can register and access your credit card account details, raise card related requests, perform transactions, and place requests for other SBI products, etc.
Not exactly. But there are a few SBI credit cards that would allow you pay your card outstanding using the reward points. For instance, SBI Card Prime, SBI Card Elite, and SBI SimplySAVE Advantage allow you to redeem your reward points against card outstanding. On all these cards, you can redeem Rs.1 for every 4 reward points.
The minimum salary to apply for an SBI credit card varies for each card. The more premium the card is, the higher would be the salary requirement.
Though SBI does not disclose the income required to apply for a card on its website, from its ‘Simplyfier’ tool we can figure out that the minimum gross annual income required is Rs.1 lakh, provided you don’t have any other monthly deductions from your salary. Otherwise, it would be minimum Rs.2 lakh p.a.
Once you submit your SBI credit card application along with the required documents, it will take up to 21 days for the bank to process the application. If there are any missing documents and other issues with the application, it might take even longer.
Meanwhile, you can track your credit card application status using the SBI’s ‘Track Application’ feature available on www.sbicard.com/en/eapply.page#track-retrieve-form.
Yes, you can take a cash advance with your credit card. You can withdraw a maximum of Rs.15,000 per day with your card. The overall cap on cash withdrawal is 80% of your total SBI credit Limit. You need to remember that taking cash advance will incur a finance charge of up to 3.35% per month.
Before you go abroad, you need to activate your card for international transactions. Log in to your SBI account to activate the international credit limit on your card. The chatbot ELA can also help you with the activation.
Foreign currency transactions incur a mark-up fee of 3.5% in addition to applicable taxes. It is important to remember that making purchases with Indian rupee while travelling abroad will incur higher costs. It is better to use the currency of the country you are travelling to.
Although you can earn Reward Points on most of your purchases, there are certain transactions that are not eligible to earn points. These include balance transfer, cash advance, disputed transactions, finance charges, and others.
You need to notify the bank immediately if your card is lost or stolen. The bank will block your card for protection against fraudulent transactions.
You can call or write to SBI or call their card helpline if you want to cancel or close your card. Once you make a request for account closure, the bank will terminate your account. In addition, any add-on cards associated with your account will also be terminated. Remember that your account will be closed only if you have paid off all your dues. You will have to clear any outstanding amount before your request for closure is accepted.
State Bank of India, Local Head Office,
Bandra Kurla Complex
SBI Cards and Payments Services Ltd. has launched a credit card that emphasizes cashback. The credit card would enable cardholders to receive 5% cashback on all online purchases without any merchant limits, the company just revealed in a stock exchange filing. A customer can also receive unlimited 1% cashback on all transactions and 5% cashback on all online purchases, but only up to 10,000 rupees per cycle of the monthly statement.
2 September 2022
A new credit card was introduced through collaboration between Aditya Birla Finance and State Bank of India (SBI) Card. The credit card is called the Aditya Birla SBI Card, and it is well recognised for being a very lucrative credit card that rewards its users with points for spending money in a range of industries, including travel, fashion, dining, telecom, etc.
1 July 2022
Nature’s Basket and State Bank of India have collaborated to launch unique credit card. This credit card will be available in two variants – ‘Nature’s Basket SBI Card Elite’ and ‘Nature’s Basket SBI Card’. This credit card offers up to 20 reward points on every Rs.100 spent. Along with that, the cardholder gets premium brand gift vouchers and complimentary BookMyShow tickets valuing Rs.6000 every year. Nature’s Basket SBI Card Elite customers get up to eight complimentary domestic lounge visits every year and six complimentary international lounge visits every year. And Nature’s Basket SBI card customers get up to four complimentary domestic lounge visits every year.
26 April 2022
Tata Consultancy Services had helped State Bank of India digitize a major part of the process for IPO in 2020. TCS will now digitize SBI’s online onboarding processes to equip a faster and enhanced user experience. Moreover, TCS will also enable SBI Card to further expand its e-card issuance.
26 April 2022
SBI Bank has now partnered with Nature’s Basket (India’s leading grocery premium store) and they are set to launch a new credit card. The ‘Nature’s Basket SBI Card’ caters to the premium customers that have gourmet taste.
23 March 2022
The National Payments Corporation of India (NPCI) has partnered with Yatra.com and State Bank of India (SBI) to launch a co-branded credit card ‘Yatra SBI Card’ which will be distributed by RuPay.
Applicants who travel frequently can apply for this credit card as they will first receive a welcome benefit worth Rs.8,250. One can use this card to book railway and air tickets, make hotel reservations, and avail other services.
On using this card, 6 reward points will be used for every Rs.100 spent as well as a fuel surcharge waiver of 1% will be offered. There are other benefits which will be offered on availing this card such as a complimentary air accident cover of Rs.50 lakh, and no annual fee will be charged if the cardholder spends Rs.1 lakh annually using the credit card.
4 March 2022
SBI Cards announced on 30 December 2021 that they had partnered with Paytm so that payments can be made on the app. Under the partnership, SBI cardholders can tokenise their cards so that payments can be completed. The facility will be available only on Android devices that are NFC enabled. Currently, only cards that are issued in India can come under the Paytm Network. However, transactions can be completed at international locations.
3 January 2022
SBI has launched a credit card ‘SBI Card PULSE' that will offer its customers various benefits related to fitness and health. This contactless card was launched on the Visa Signature platform and has an annual membership fee of Rs.1,499. Cardholders who spend Rs.2 lakh within the card membership year will get a renewal fee waiver.
SBI Card PULSE users will also receive the Noise ColorFit Pulse Smartwatch costing Rs.4,999 after paying the joining fee. With one-year Fitpass Pro membership, customers will be able to access over 4,000 fitness studios and gyms across India. Online fitness sessions for dance, cardio, yoga, and more will also be available. The card offers several other benefits such as unlimited doctor consultation for up to a year, annual basic health check-ups, discounts on pathology lab tests, and more.
15 December 2021
State Bank of India will levy Rs.99 plus taxes as its processing fee for credit card purchases that are paid for via EMIs. The Reserve Bank of India (RBI) has said that SBI's market share in credit cards is around 19%. The bank has issued 12.76 million cards.
02 December 2021
The State Bank of India (SBI) has stated that a processing fee and tax will be charged on equated monthly instalment (EMI) transactions done via SBI credit cards. The SBI Cards & Payment Services Private Limited (SBICPSL) has further announced that Rs.99 plus tax will be charged on transactions from 1 December 2021.
The updated guidelines will be applicable to e-commerce websites and retail outlets. All SBI credit card users were sent an email notification regarding the new guidelines on 12 November. The SBI stated that if the EMI transaction fails, the processing fee will be waived. However, this won’t be applicable during the pre-closure of the EMI.
16 November 2021
Those who have a State Bank of India (SBI) credit card will be able to avail a discount of up to 30% on booking a trip on MakeMyTrip.
SBI Card announced the offer by tweeting on their official Twitter handle. The tweet mentioned that on booking a travel on MakeMyTrip where the payment is made through SBI credit card, the user will be able to avail a discount of 30%. The offer is valid till 30 December 2021, and the maximum discount that that can be availed is up to Rs.30,000 per card. The offer will be valid on all SBI credit cards except for corporate cards and Paytm SBI credit cards.
However, this offer will be valid every Thursday till 30 December 2021 and can be used only per card, per category, and per month. Also, this Offer is also valid on EMI transactions on SBI credit cards.
The customer must login to the MakeMyTrip official website or the MakeMyTrip app and book their travel after choosing the destinations. During the time of payment, one should select the SBI Credit Card option to complete the payment and avail the discount.
21 October 2021
The SBI Card and Bharat Petroleum Corporation Limited (BPCL) partnership is set to launch the ‘BPCL SBI Card co-branded RuPay Contactless Credit Card’ which is one of the most rewarding in terms of fuel savings. You also earn accelerated reward points on groceries, departmental stores, dining, and movies spends.
24 September 2021
In its latest annual report, SBI Cards and Payment Services has stated that the coronavirus pandemic has sped up the pace of digital adoption in the country. SBI Cards and Payment Services which is majority-owned by State Bank of India is India’s second-largest credit-card issuer after HDFC Bank. As per the report, over the past 18 months, customers using credit cards found new areas to spend on like over the top (OTT) platforms, online education, e-pharmacies, and online doctor consultations. The report adds that its total income reduced annually by 0.4 percent thereby eroding 20 percent off its profit when compared to 2019-20. A decline of 6 percent in users’ spend was also witnessed in FY21 even though its customer base grew 12 percent over FY20. It added that going forward digitalization is a strategic focus area and an important marker of performance.
12 August 2021
Reliance Digital is now ready to launch the Biggest Electronics Sale in India: Digital India Sale which will take place on 26 July. This sale will go live at all Reliance Digital and My Jio stores and also on the website, www.reliancedigital.in. As a customer, you can get deals on a wide range of electronic items and also a 10% cashback on SBI credit cards on a minimum transaction of Rs.10,000 (22 July to 5 August). You can save up to Rs.5,000 on your transactions. This offer is available on SBI credit card EMI transactions.
25 July 2021
SBI Card and Fabindia have joined hands to launch two contactless cards, the Fabindia SBI Card SELECT and Fabindia SBI Card. The cards come with several reward points benefits along with value back on several spending categories. The Fabindia SBI Card SELECT comes with welcome benefit gift vouchers worth Rs.1,500. Four complimentary domestic lounge access in a quarter is also provided with the card. The Fabindia SBI Card comes with welcome benefit gift vouchers worth Rs.500. You do not have to pay the annual fee in case you spend Rs.1,00,000 in a year.
25 June 2021
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