SBI Credit Card offers in India
Joining fee: N/A
Renewal fee: Rs. 499+Taxes
Rewards: 10X Reward Points*
Welcome Benefits: N/A
Joining fee: N/A
Renewal fee: Rs. 2,999+Taxes
Rewards: 10 Reward Points*
Welcome Benefits: Gift Voucher worth Rs. 3,000
Joining fee: N/A
Renewal fee: Rs. 4,999
Rewards: 2 Reward Points*
Welcome Benefits: Welcome Gift Worth Rs. 5,000*
Joining fee: Rs. 1499+Taxes
Renewal fee: Rs. 1499+Taxes
Rewards: 1 Reward Points
Welcome Benefits: E-Gift Voucher From Yatra.com
State Bank of India (SBI), the nation’s largest public sector bank, offers a diverse range of credit cards tailored to meet the varied needs and lifestyles of its customers. From entry-level options to premium offerings, SBI ensures its credit card products cater to different financial capabilities and spending patterns.
Get the Best Credit Card offers to choose from
Benefits of SBI Bank Credit Card:
SBI Bank offers a wide range of credit cards catering to different needs and preferences. Some of the key benefits of holding an SBI Bank credit card include:
Rewards and Cashback: SBI Bank credit cards provide attractive rewards and cashback options on various categories of spends, such as dining, groceries, fuel, and online shopping. These rewards can be redeemed for various products, gift vouchers, or air miles, depending on the card type.
Discounts and Offers: Cardholders can enjoy exclusive discounts and offers from a vast network of partner merchants, including restaurants, hotels, retail outlets, and entertainment venues. These discounts can help cardholders save money on their everyday expenses.
Complimentary Access: Many SBI Bank credit cards offer complimentary access to airport lounges, both in India and abroad, providing a comfortable and relaxing experience during travel.
Interest-Free Period: SBI Bank credit cards offer an interest-free period of up to 50 days on new purchases, allowing cardholders to manage their expenses more effectively without incurring interest charges.
Insurance Coverage: SBI Bank credit cards often come with built-in insurance coverage, such as personal accident insurance, lost card liability protection, and purchase protection, providing cardholders with added security and peace of mind.
Features of SBI Bank Credit Card:
Contactless Payments: SBI Bank credit cards are enabled with contactless payment technology, allowing for secure and convenient transactions by simply tapping the card at compatible payment terminals.
Secure Transactions: SBI Bank credit cards are equipped with advanced security features, such as chip-based technology and OTP (One-Time Password) authentication, to protect against fraudulent transactions and ensure the safety of cardholders’ financial information.
Online Account Management: SBI Bank provides a user-friendly online portal and mobile app, enabling cardholders to monitor their transactions, check their credit limit, and make payments conveniently from anywhere.
Global Acceptance: SBI Bank credit cards are widely accepted across the globe, thanks to their association with major payment networks like Visa and Mastercard, making them ideal for international travel and purchases.
EMI Options: SBI Bank offers the flexibility of converting larger purchases into easy monthly installments (EMIs), allowing cardholders to manage their expenses more effectively.
Customizable Credit Limits: SBI Bank allows cardholders to customize their credit limits based on their individual needs and creditworthiness, providing greater control over their spending.
Exclusive Privileges: Depending on the card type, SBI Bank credit cardholders may enjoy exclusive privileges such as golf club memberships, concierge services, and priority booking for events and concerts.
Fees and Charges of SBI Bank Credit Card
Fees:
Annual Fee: Most SBI credit cards come with an annual fee, which can range from Rs. 500 to Rs. 5,000, depending on the card variant. However, some cards may offer a waiver on the annual fee for the first year or have a perpetual waiver based on specific spending criteria.
Joining Fee: Some SBI credit cards may require a one-time joining or enrollment fee, typically ranging from Rs. 500 to Rs. 1,000.
Add-on Card Fee: If you wish to issue an additional or add-on card for your family members or supplementary users, there may be a nominal fee charged annually for each add-on card.
Renewal Fee: When your SBI credit card comes up for renewal, you may be required to pay a renewal fee, which is usually the same as the annual fee.
Late Payment Fee: If you fail to make your minimum due payment by the due date, SBI Bank charges a late payment fee, which can vary from card to card but is typically around Rs. 500 or a percentage of the outstanding balance.
Charges:
Interest Charges: If you carry a balance on your SBI credit card from one billing cycle to the next, you’ll be charged interest on the outstanding amount. The interest rate can vary depending on the card variant but typically ranges from 24% to 49% per annum.
Cash Advance Fee: If you use your SBI credit card to withdraw cash from an ATM or over the counter, you’ll be charged a cash advance fee, which is usually a percentage of the withdrawn amount, along with applicable interest charges from the date of withdrawal.
Over-limit Fee: If you exceed your credit limit on your SBI credit card, the bank may impose an over-limit fee, which is typically a flat rate or a percentage of the amount by which you exceeded the limit.
Foreign Transaction Fee: When you use your SBI credit card for transactions in a foreign currency or while traveling abroad, you may be charged a foreign transaction fee, which is usually a percentage of the transaction amount.
Fuel Surcharge: Some SBI credit cards may impose a fuel surcharge when you use them to purchase fuel at certain petrol stations or gas stations.
Eligibility for Applying SBI Bank Credit Card
Exact eligibility requirements may vary depending on the type of credit card:
Age: To apply for an SBI Bank Credit Card, you must be at least 21 years old. However, for certain premium credit cards, the minimum age requirement may be higher.
Income: SBI Bank has specific income criteria for different credit card variants. For entry-level cards, the minimum annual income requirement may range from ₹1.2 lakh to ₹2 lakh, while for premium cards, the income requirement can be as high as ₹10 lakh or more. The bank will typically ask for income proof, such as salary slips, Form 16, or income tax returns.
Credit Score: A good credit score is crucial when applying for an SBI Bank Credit Card. The bank will assess your credit history and credit score to determine your creditworthiness. Generally, a credit score of 750 or above is considered favorable for credit card approval.
Employment Status: SBI Bank considers your employment status and the stability of your income source. Salaried individuals, self-employed professionals, and business owners with a steady income are generally eligible for credit cards.
Existing Relationship with SBI: If you are an existing customer of SBI with a savings or current account, or if you have other banking products with SBI, your chances of getting approved for a credit card may be higher.
Residence Status: Indian residents, including non-resident Indians (NRIs), are eligible to apply for SBI Bank Credit Cards. However, the documentation requirements may vary for NRIs.
Documents Required Applying for SBI Bank Credit Card
Identity Proof: You will need to provide a valid and unexpired government-issued identity document such as a Passport, Aadhaar Card, Voter ID Card, or PAN Card.
Address Proof: To verify your residential address, you can submit any one of the following documents: recent utility bills (electricity, water, or landline telephone bill), bank account statement, or a rent agreement/lease deed.
Income Proof: Depending on your employment status, you will need to provide the following documents as proof of income:
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- For Salaried Individuals: Latest three months’ salary slips, Form 16, and a copy of your appointment letter or salary certificate from your employer.
- For Self-Employed Individuals: Income Tax Returns (ITR) for the last two financial years, along with business proof such as GST registration certificate, trade license, or partnership deed.
Photographs: You will need to submit two recent passport-size photographs, one of which should be attested by your employer or a gazetted officer.
Bank Account Statement: You may be required to provide the last six months’ bank account statement from your primary savings or current account.
Age Proof: If your date of birth is not mentioned on the identity proof document, you may need to submit a separate age proof document such as a birth certificate or school-leaving certificate.
How to apply for SBI Bank Credit Card?
Below is a step-by-step guide to apply for SBI Bank Credit Card:
Eligibility Check: Before applying, ensure that you meet the eligibility criteria set by SBI Bank. These criteria typically include factors such as age, income, employment status, and credit history. You can find the eligibility requirements on SBI Bank’s website or by contacting their customer service.
Choose the Right Credit Card: SBI Bank offers a range of credit card options designed to cater to different customer segments and needs. Evaluate your spending patterns, lifestyle, and financial goals to select the credit card that best suits your requirements. Some popular SBI credit card options include the SBI Credit Card, SBI Signature Credit Card, and SBI Student Credit Card.
Gather Required Documents: Prepare the necessary documents for the application process. These may include your identity proof (such as PAN card or Aadhaar card), address proof, income proof (such as salary slips or bank statements), and any other documents specified by the bank.
Online Application: Visit SBI Bank’s website and navigate to the credit card application section. Fill out the online application form with your personal, employment, and financial details. Ensure that the information provided is accurate and complete.
Upload Documents: As part of the online application process, you will be prompted to upload the required documents. Make sure to have digital copies of these documents readily available for a seamless submission.
Submit the Application: Once you have completed the online application form and uploaded the necessary documents, review the information for accuracy and then submit the application.
Application Processing: SBI Bank will review your application and conduct the necessary verifications and credit checks. This process may take a few days or weeks, depending on the bank’s procedures.
Document Verification: In some cases, SBI Bank may request additional documents or clarifications. If required, promptly provide the requested information to expedite the application process.
Credit Card Approval and Delivery: If your application is approved, SBI Bank will issue the credit card and deliver it to your registered address. Make sure to activate the card as per the instructions provided.
SBI Bank Credit Card Rewards Points and Cashback
Rewards Points:
Some of the popular SBI credit cards that offer excellent rewards points are:
SBI Prime Credit Card: Earn 4 reward points for every Rs. 100 spent on the card, and enjoy accelerated rewards on specific categories like dining, travel, and more.
SBI Eternity Credit Card: Earn 5 reward points for every Rs. 100 spent on the card, along with additional benefits like complimentary airport lounge access and concierge services.
SBI Doctors Credit Card: Designed specifically for medical professionals, this card offers 4 reward points for every Rs. 100 spent on the card, with bonus points for spending on medical-related expenses.
SBI Signature Credit Card: This premium card offers 6 reward points for every Rs. 100 spent on the card, along with exclusive privileges like golf program membership and premium lounge access.
Cashback:
SBI Simply SAVE Credit Card: This card offers a flat 10% cashback on all online purchases, up to Rs. 500 per month, making it an excellent choice for online shoppers.
SBI ELITE Credit Card: With this premium card, you can enjoy a generous 5% cashback on all your purchases, subject to a maximum cashback of Rs. 25,000 per month.
SBI Card PULSE Credit Card: Tailored for millennials and young professionals, this card offers a 10% cashback on online groceries, food delivery, and movie ticket bookings, up to Rs. 500 per month.
SBI Card AIR TRAVEL Credit Card: As the name suggests, this card is designed for frequent flyers, offering a 5% cashback on all air ticket bookings made through the SBI Card website or mobile app.
How to Spend SBI Bank Credit Card Rewards and Cashback?
Rewards Points:
Redeem for Air Miles: Frequent flyers can convert their reward points into air miles with various airline partners. This allows you to earn free flights, upgrade your cabin class, or even redeem for hotel stays and rental cars.
Redeem for Gift Vouchers: SBI Bank offers a vast collection of gift vouchers from popular brands like Amazon, Flipkart, Croma, and more. You can redeem your reward points to get these vouchers and enjoy shopping for your desired products.
Redeem for Fuel Vouchers: If you’re a frequent traveler or have a long commute, you can redeem your reward points for fuel vouchers from major fuel stations, saving you money on your fuel expenses.
Redeem for Utility Bill Payments: SBI Bank allows you to use your reward points to pay for your utility bills, such as electricity, gas, or telephone bills. This can be a convenient way to offset your monthly expenses.
Redeem for Charitable Donations: If you’re interested in giving back to society, SBI Bank offers the option to redeem your reward points for charitable donations to various non-profit organizations.
Cashback:
Credit Card Statement: The most straightforward way to utilize your cashback is to have it directly credited to your credit card statement. This will reduce your outstanding balance, effectively saving you money on your credit card expenses.
Bank Account: Alternatively, you can choose to have your cashback credited directly to your SBI Bank account. This can be a convenient option if you prefer to use the cashback for other purposes, such as investments or savings.
Redemption for Gift Vouchers/Products: Similar to reward points, SBI Bank also allows you to redeem your cashback for gift vouchers or products from their redemption catalog. This can be a great way to treat yourself or your loved ones with something special.
How to Track Applications Status of SBI Bank Credit Card?
To check the status of your SBI Bank credit card application, you can follow these simple steps:
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- Visit the official website of SBI Bank (www.sbi.co.in) and navigate to the “Credit Cards” section.
- Look for the “Track Application Status” option, typically found under the “Credit Card Services” or similar heading.
- Enter your application reference number and any other required details, such as your date of birth or contact information.
- After submitting your query, the website will display the current status of your application.
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How to Activate SBI Bank Credit Cards?
Unpack the Welcome Kit: When you receive your SBI Bank credit card, it will come in a welcome kit. Open the kit and locate the card, along with the other documents and instructions.
Sign the Card: Before activating your card, sign the signature panel on the back of the card using a non-erasable ballpoint pen. This signature will help validate your identity during transactions.
Call the Activation Number: On the sticker or in the documentation provided with the welcome kit, you’ll find a toll-free activation number. Call this number from your registered mobile number or landline.
Follow the IVR Instructions: Once you call the activation number, you’ll be greeted by an Interactive Voice Response (IVR) system. Listen carefully to the prompts and follow the instructions provided.
Provide Personal Information: You’ll be asked to provide some personal information to verify your identity. This may include your name, date of birth, and other details you provided during the credit card application process.
Create a PIN: During the activation process, you’ll be prompted to create a Personal Identification Number (PIN) for your credit card. This PIN will be required for various transactions, such as ATM withdrawals and some point-of-sale (POS) transactions. Choose a unique PIN that you can remember easily but is not easily guessable.
Confirm Activation: Once you’ve completed the activation process, the IVR system will confirm that your SBI Bank credit card has been successfully activated and is ready for use.
SBI Bank Credit Cards Login/Net banking
- To access your SBI credit card account online, simply visit the bank’s website and click on the “Net banking” or “Credit Card Login” option. You’ll be prompted to enter your user ID and password, which you would have set up during the initial registration process. If you haven’t registered yet, don’t worry – the process is straightforward and can be completed online or through the mobile app.
- Once logged in, you’ll have access to a wealth of features and functionalities. You can view your current credit limit, available balance, and payment due date, as well as download your monthly statements for record-keeping purposes. If you need to make a payment, you can do so securely through the platform, either in full or partially, using various payment modes such as NEFT, RTGS, or direct debit from your linked bank account.
- The SBI credit card login portal also allows you to manage your card settings, update your personal information, and even request for a credit limit increase or a new add-on card for your family members or supplementary users.
- For those who prefer mobile banking, SBI offers a dedicated credit card app that can be downloaded from the respective app stores. The app offers the same features as the online platform, with the added convenience of being able to access your account on the go.
SBI Bank Credit Card Customer Care
Reaching out to the SBI Credit Card Customer Care is a breeze. You can contact them via:
Toll-Free Helpline: SBI Bank provides a dedicated toll-free number for its credit card customers, ensuring that you can reach out to them without incurring any additional charges. The customer care executives are well-trained and equipped to handle a wide range of inquiries and concerns.
Email Support: If you prefer written communication, you can send an email to the SBI Credit Card Customer Care team. They strive to respond promptly, ensuring that your queries are addressed in a timely and efficient manner.
Online Chat: For those who value convenience and real-time assistance, SBI Bank offers an online chat facility. Simply log in to your SBI Credit Card account on the bank’s website, and you can initiate a chat session with a customer care representative.
Branch Visits: If you prefer face-to-face interaction, you can visit any SBI Bank branch nationwide and seek assistance from the dedicated credit card customer care desk. The branch staff is well-versed in handling card-related queries and can provide personalized attention.