SBI Credit Card

SBI Credit Card is a popular credit card issued by the State Bank of India. It provides users with the convenience of making purchases on credit and enjoying various benefits. SBI Credit Card offers a wide range of options tailored to different needs, including cashback, rewards, and special privileges. It is widely accepted across India and can be used for online and offline transactions. With its reliable reputation and flexible features, SBI Credit Card is a preferred choice for many individuals in India.

Features and Benefits

  • You can get additional cards for your family members, like your spouse, parents, or children above 18 years, with the same benefits as your primary card.
  • You can get instant cash using the Encash Facility and pay it back in easy monthly installments of up to 48 months. This is on top of your existing credit limit.
  • For big purchases, you can convert them into easy EMIs using the Flexipay feature. You can choose a repayment period of 3, 6, 9, 12, 18, or 24 months for transactions above Rs. 2,500 made in the last 30 days.
  • If you have high balances on other bank credit cards, you can transfer them to your SBI credit card and save on finance charges. Although there will be some interest charges, they will be lower than the finance charges on the other cards.
  • You can spend more than your available credit limit by using the overlimit facility on your SBI Credit Card. However, keep in mind that there will be overlimit charges applicable.
  • You can set up standing instructions on your SBI Card to manage all your utility bill payments. This feature is called Easy Bill Pay.
  • Some SBI Credit Cards, especially premium ones, offer complimentary insurance covers like air accident insurance and overseas hospitalization cover.
  • SBI credit cardholders can easily manage their cards through the SBI Card Mobile App. They can make credit card payments, check statements, view unbilled transactions, and use additional services like Encash and Flexipay.

Fees and Charges

Fee Type Amount
Joining/Annual Fee Varies for all SBI Credit Cards
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-Free 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
Over Limit Fee 2.5%
Card Replacement Fee – Domestic Rs.100 to Rs.250

Eligibility Criteria

Age: You should be aged between 18 to 60 years.
Income: Applicant should have a stable source of income (Salary requirements may differ on a card to card basis).
Credit Score: Applicant should have a decent credit history.
Occupation: You can apply if you are either Salaried or Self-employed.

Documents Required

  • Identity proof such as Aadhar/PAN card, driver’s license.
  • Address proof such as electricity/telephone bill, driving licence.
  • Income proof for salaried employees – salary slip of latest months,
    For self-employed individuals – Later ITR (Income Tax Return) / Form 16.

How To Apply?

  1. Visit the official website of SBI Card:
  2. Click on the ‘Apply’ button.
  3. Choose the specific credit card you want to apply for and click on ‘Apply Now.’
  4. Fill out the online application form with the required information.
  5. Double-check your details to ensure accuracy.
  6. Submit your application form.

List of Best SBI Bank Credit Cards

SimplyCLICK SBI Card
Annual Fee: Rs.499
Best Suited for: Online shopping

SimplySAVE SBI Card
Annual Fee: Rs.499
Best Suited for: Shopping

Yatra SBI Card
Annual Fee: Rs.499
Best Suited for: Travel

Annual Fee: Rs.499
Best Suited for: Co-branded shopping

Annual Fee: Rs.499
Best Suited for: Fuel

IRCTC SBI Platinum Card
Annual Fee: Rs.500
Best Suited for: Co-branded travel

Air India SBI Platinum Card
Annual Fee: Rs.1,499
Best Suited for: Travel