SBI Doctor's Credit Card | Kredit4all.com

SBI Doctor's Card

Joining fee: Rs. 1499+Taxes

Renewal fee: Rs. 1499+Taxes

Rewards: Earn 1 Reward Point on Spend Rs.100

Welcome Benefits: Get E-Gift Voucher worth Rs. 1500 from Yatra.com

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SBI Doctor’s Card is a specialized credit card offer from State Bank of India, designed for the distinct financial requirements of medical professionals across the nation. Recognizing the invaluable contributions of doctors and healthcare practitioners, this exclusive card empowers them with financial flexibility, convenience, and a host of tailored privileges. Whether it’s managing medical equipment purchases, covering educational expenses, or indulging in well-deserved leisure activities, the Doctor’s SBI Card seamlessly adapts to the diverse needs of the medical fraternity.

Features and Benefits of SBI Doctor’s Card

Features:

- - Exclusive card designed specifically for medical professionals, including doctors, dentists, and veterinarians.
  - Complimentary airport lounge access at domestic and international airports.
  - Fuel surcharge waiver of up to 4% on fuel transactions at petrol pumps.
  - Accelerated reward points earning rate – 5 reward points for every ₹100 spent on the card.
  - Exclusive golf program offering discounted green fees at select golf courses across India.
  - Dedicated 24/7 concierge service for travel bookings, restaurant reservations, and other assistance.
  - Comprehensive travel insurance coverage, including personal accident, lost baggage, and trip delay protection.
  - Emergency cash advance facility up to ₹50,000 in case of loss or theft of the card.
  - Option to convert transactions into easy EMIs (Equated Monthly Installments) at select merchant outlets.

Benefits:

- - Personalized attention and exclusive privileges tailored for medical professionals.
  - Hassle-free airport experience with complimentary lounge access.
  - Significant savings on fuel expenses with the fuel surcharge waiver.
  - Faster accumulation of reward points for redeeming attractive rewards.
  - Discounted rates for indulging in a leisure activity like golf.
  - Dedicated concierge service for seamless travel planning and other assistance.
  - Peace of mind with comprehensive travel insurance coverage.
  - Financial security with emergency cash advance facility.
  - Flexible repayment options with the EMI conversion feature.

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Fees and Charges of SBI Doctor’s Card

Fees:

Annual Fees: The Doctor’s SBI Card has an annual fee of Rs. 1,000 for the primary card and Rs. 500 for each add-on card. However, the annual fee is waived off for the first year.

Cash Advance Fee: If you use your Doctor’s SBI Card to withdraw cash from an ATM or bank counter, a cash advance fee of 2.5% of the transaction amount (subject to a minimum of Rs. 300) will be charged.

Late Payment Fee: If you fail to make the minimum payment due on your Doctor’s SBI Card by the due date, a late payment fee of Rs. 500 will be levied.

Over Limit Fee: If you exceed your credit limit on the Doctor’s SBI Card, an over-limit fee of 2.5% of the amount by which you have exceeded the limit (subject to a minimum of Rs. 500) will be charged.

Payment Return Fee: In case your payment towards the outstanding amount on your Doctor’s SBI Card is dishonored or returned due to insufficient funds, a payment return fee of Rs. 500 will be charged.

Charges:

Interest Charges: If you do not pay the entire outstanding amount on your Doctor’s SBI Card by the due date, interest charges will be levied on the remaining balance. The interest rate can vary from 3.49% per month (41.88% annualized) to 4.99% per month (59.88% annualized), depending on your credit history and other factors.

Fuel Surcharge: A surcharge of 2.5% of the transaction amount will be levied for all fuel purchases made using the Doctor’s SBI Card.

Foreign Currency Transaction Charges: For any transactions made in a foreign currency using the Doctor’s SBI Card, a markup of 3.5% on the amount will be charged as a foreign currency transaction fee.

GST: Applicable Goods and Services Tax (GST) will be levied on all fees and charges mentioned above.

Eligibility for applying SBI Doctor’s Card

You must be a medical professional – doctor, surgeon, dentist, veterinarian or holding an approved degree/diploma in the medical field.
Your minimum age should be 21 years.
You need to have a steady income source with a minimum annual income criteria, which may vary based on your city/location.
For salaried professionals, your monthly net salary should meet the prescribed limit set by SBI. Self-employed doctors should have their professional practice running for at least 3 years.
A good CIBIL credit score of 750 or above is generally preferred to increase your chances of approval.
You must be a resident Indian with a valid permanent address proof.
Additional documentation like degree certificates, registration certificates with medical councils, income proof, identity/address proofs will be required.
The eligibility may have some relaxations for existing SBI customers maintaining satisfactory Bank relationships.
Finally, you must be in a position to provide the necessary income proof, financial documents and fulfill SBI’s credit norms to get the Doctor’s SBI Card approved.

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Documents Required for SBI Doctor’s Card

Identity Proof: A valid and unexpired government-issued photo ID such as a PAN card, Aadhaar card, voter ID, or passport.

Address Proof: Documents that verify your current residential address, like a recent utility bill (electricity, water, or gas), bank statement, rental agreement, or ration card.

Income Proof: As a doctor, you’ll need to provide your degree/diploma certificate, registration certificate from the Medical Council, and income documents like Form 16, salary slips, or Income Tax Returns (ITR) for the last two years.

Age Proof: A birth certificate, school leaving certificate, or passport can serve as proof of your age.

Signature Proof: A cancelled cheque from your existing bank account or a bank statement displaying your signature.

Proof of Practice: If you’re a practicing doctor, you’ll need to submit a letter from the hospital or clinic where you work, mentioning your designation and employment details.

For Self-Employed Doctors: If you run your own clinic or hospital, you’ll need to provide additional documents like registration certificates, trade licenses, and income tax returns for the last two years.

Other Documents: SBI may also request additional documents depending on your specific circumstances, such as a marriage certificate (if your name has changed), or a No Objection Certificate (NOC) from your current employer if you’re salaried.

How to apply for SBI Doctor’s Card?

The SBI Doctor’s Credit Card is a specialized offering tailored for medical professionals, including doctors, dentists, and veterinarians. It provides a range of benefits and rewards designed to cater to the unique needs of this profession.
To apply for the SBI Doctor’s Credit Card, you can visit your nearest SBI branch and submit the application form along with the required documents. Alternatively, you can apply online through the SBI website or mobile app for a hassle-free experience.
Before applying, ensure that you meet the eligibility criteria, which typically includes a minimum income requirement, a good credit score, and proof of your medical profession, such as a valid registration certificate from the relevant council or association.
During the application process, you’ll need to provide personal details like your name, date of birth, residential address, and contact information. Additionally, you’ll need to submit income proof documents like salary slips, Form 16, or IT returns for the last two years.
If you’re a salaried professional, you’ll also need to provide your employment details, including the name of your organization, designation, and work experience. For self-employed doctors or practitioners, you may need to submit additional documents like practice registration certificates or clinic licenses.
Once your application is submitted, SBI will verify the provided information and documents. Upon successful verification and approval, you’ll receive your SBI Doctor’s Credit Card within a few days, along with the welcome kit containing the card’s terms and conditions, and other essential details.
It’s important to carefully review the card’s features, rewards program, and applicable fees and charges before activating and using the card. Additionally, ensure that you understand the billing cycle, payment due dates, and the consequences of late or missed payments to maintain a good credit score.

SBI Doctor’s Card Limit

The Doctor’s SBI Card is a specialized credit card offering from the State Bank of India designed exclusively for medical professionals including doctors, dentists, and veterinarians.
One of the key features is the generous credit limit extended to cardholders. The initial limit starts at a healthy Rs. 1 lakh and can go up to a maximum of Rs. 25 lakhs based on factors like income, credit history, and other eligibility criteria.
This high limit is aimed at accommodating the typically higher spending needs and lifestyle expenses of doctors and medical practitioners. It allows them to make large purchases or payments without worrying about hitting their card’s cap.
The credit limit is reviewed periodically and can be increased further based on the cardholder’s usage patterns, repayment behavior, and any increase in their income over time.
For newly qualified doctors or those just starting their practice, SBI may initially assign a lower limit which can be incrementally raised as their earnings and credit profile builds up.
The generous limit combined with rewards/cashback on medical equipment, supplies, journals etc. makes the Doctor’s SBI Card an attractive financial tool for medical professionals.

Rewards and Cashback SBI Doctor’s Card

Rewards:

- - Earn 20 Reward Points for every ₹100 spent on the Doctor’s SBI Card at healthcare merchants like hospitals, clinics, diagnostic centers, pharmacies, etc.
  - Redeem these Reward Points for a wide range of exciting rewards, including air miles, e-vouchers, and merchandise from leading brands.
  - Get a complimentary Annual Health Check-up worth ₹1,500 every year when you spend ₹2 lakh or more on your card.
  - Enjoy a Welcome Bonus of 5,000 Reward Points upon activating your Doctor’s SBI Card.
  - Earn accelerated Reward Points on specific categories like dining, grocery, and utility bill payments, making it easier to accumulate rewards faster.

Cashback:

- - Receive a flat 5% Cashback on all your spends at healthcare merchants like hospitals, clinics, diagnostic centers, and pharmacies when you use your Doctor’s SBI Card.
  - Get 1% Cashback on all other spends, including online purchases, dining, groceries, and utility bill payments.
  - No capping on the Cashback amount, allowing you to maximize your savings with every transaction.
  - Cashback is credited directly to your card account, reducing your outstanding balance and making it easier to manage your expenses.
  - The Cashback program is designed to provide tangible financial benefits, especially for healthcare-related expenses, which can often be substantial.

How to Redeem Earned Rewards and Cashback Points?

Rewards:

- - Explain that SBI Credit Card holders can earn reward points on every purchase they make using their card.
  - Mention that the reward points can be redeemed for a wide range of exciting rewards, including merchandise, gift vouchers, airline miles, and more.
  - Highlight the user-friendly SBI Rewards website or mobile app, where cardholders can easily browse and redeem rewards.
  - Provide step-by-step instructions on how to redeem reward points, such as logging into the SBI Rewards portal, selecting the desired reward, and confirming the redemption.
  - Emphasize the convenience of redeeming rewards online or through the app, eliminating the need for physical coupons or certificates.

Cashback:

- - Explain that SBI Credit Cards offer cashback on various categories of purchases, such as dining, groceries, fuel, or online shopping.
  - Mention the percentage or flat rate of cashback offered on different categories, ensuring the information is accurate and up-to-date.
  - Highlight the ease of redeeming cashback, either as a statement credit or directly into the cardholder’s linked bank account.
  - Provide step-by-step instructions on how to redeem cashback, such as logging into the SBI Credit Card account, navigating to the cashback redemption section, and choosing the desired redemption method.
  - Emphasize the flexibility of cashback rewards, allowing cardholders to use the credited amount for any purpose they desire.