Though little tricky, we tried to find the top 10 credit cards offered by SBI. Each SBI credit card listed below belongs to a different category and offers unique 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.
|Credit card||Joining fee (One-time fee)||Renewal fee (p.a.)||Key benefits offered||Interest rate||Annual income requirement|
|SBI Card ELITE||Rs.4,999||Rs.4,999||5x Reward Points on dining, groceries, and departmental store purchases||Up to 3.35% per month||At bank’s discretion|
|SBI Card Prime||Rs.2,999||Rs.2,999||20 Reward Point for every Rs.100 spent on auto payment of utility bills||Up to 3.35% per month||At bank’s discretion|
|SBI Unnati||Nil||Rs.499 from fifth year onwards (4-year fee waived)||1 Reward Point for every Rs.100 spent using this card||Up to 2.5% per month||At bank’s discretion|
|SimplySAVE SBI Card||Rs.499||Rs.499 (reversed if previous year’s spends totals Rs.1 lakh or above)||10 Reward Points for every Rs.100 spent on dining, movies, and purchases made at departmental and grocery stores||Up to 3.35% per month||At bank’s discretion|
|SimplyCLICK SBI Card||Rs.499||Rs.499 (reversed if previous year’s spends totals Rs.1 lakh or above)||10x Reward Points when you shop at selected partner outlets||Up to 3.35% per month||At bank’s discretion|
SBI cards are categorized 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.
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, and electricity and telephone 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 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||Up to 2.5% per month for SBI Card Unnati Up to 3.35% per month for other cards|
|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||Up to 2.5% per month for SBI Card Unnati Up to 3.35% per month for other cards|
|Cash advance limit||Up to 80% of your total credit limit, maximum of Rs.15,000 per day|
|Cash advance fee – SBI and local ATMs||2.5% of amount withdrawn, minimum of Rs.300|
|Cash advance fee – international ATMs||3% of the transaction amount, minimum of Rs.300|
|Statement retrieval||Rs.100 per statement – for statements more than 2 months old|
|Late payment fee (charged based on the total outstanding amounts)||Below Rs.200: Rs.0 Above Rs.200 to Rs.500: Rs.100 Above Rs.500 to Rs.1,000: Rs.400 Above Rs.1,000 to Rs.10,000: Rs.600 Above Rs.10,000 to Rs.25,000: Rs.800 Above Rs.25,000: Rs.950|
|Over limit fee||2.5% of the excess credit utilised or Rs.500, whichever is higher|
|Card replacement fee – domestic||Rs.100|
|Card replacement fee while travelling abroad||Actual cost of the card or $175, whichever is higher|
|Dynamic currency conversion fee or mark-up||3.5% For SBI Card ELITE – 1.99%|
|Rewards redemption charge||Rs.99|
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.
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.
You can also track the status of your application if you have applied for your card through the SBI website.
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 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 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 State Bank of India 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 you 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 credit limit. You need to remember that taking cash advance will incur 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, financial charges, and others.
You need 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.
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