SBI Unnati Credit Card

The State Bank of India (SBI) has unveiled the Unnati Credit Card, a novel addition to its credit card offerings. This card extends eligibility to account holders maintaining a minimum balance of Rs. 25,000. What sets the Unnati card apart is its unique benefit of waiving the annual card fee for the initial four years. Moreover, cardholders can enjoy a host of advantages, including access to a vast network of over 24 million outlets and the opportunity to accrue attractive reward points. The Unnati card is especially well-suited for individuals seeking a credit card for essential expenditures like utility bill payments and shopping. SBI has streamlined the application process, prioritizing simplicity and ease for the general public. Applicants need only submit KYC documentation, with no stringent underwriting or bank balance history requirements, making it a user-friendly option for those in need of a basic and accessible credit card.

Key Highlights of SBI Unnati Credit Card

Joining Fee NIL
Annual Fee (First 4 years) NIL
Add-on Fee (per annum) NIL
Finance charges Up to 2.50% per month~ 30.0% per annum
*calculated from the day of transaction/withdrawal
Cash withdrawal from SBI ATMs or other ATMs 2.5% of the amount, a minimum of 300
Cash withdrawal from International ATMs 3% of the amount, a minimum of 300
Cheque pick up  100
Cheque Fee (up to 10,000)  100
Payment Dishonor fee 2% of the amount, a minimum of 450
Statement retrieval (two or more months old)  100 per statement
Overlimit 2.5% of over limit, a minimum of 500
Card replacement  100
Emergency card replacement, (abroad) Actual cost, minimum of $175
Foreign currency conversion mark up 3.5%
Dynamic Currency Conversion markup Fee 3.50%
Rewards redemption fee  99
Priority Pass Lounge Charges Within India: $27 per visit + applicable taxes.
Outside India: $27 per visit + applicable taxes.
**Charges applicable post exhaustion of complimentary visits. All guests accompanied by the SBI Cardholder with Priority Pass will also be charged with a usage fee of $27 per visit + applicable taxes.
Cash Payment fee  100
Surcharge on booking railway tickets through counter  30 + 2.5% of transaction
Surcharge on booking Railway tickets through irctc.co.in 1.8% of transaction + applicable taxes

Features and Benefits of SBI Unnati Credit Card

  1. No Annual Fee for First 4 Years: The SBI Unnati credit card comes with no annual fee for the initial four years after issuance, making it a cost-effective choice.
  2. Amazing Rewards on Spends: Cardholders can earn up to 1 Reward Point for every ₹100 spent using the SBI Unnati card, with the option to redeem accumulated reward points from a diverse rewards catalogue. Additionally, they can earn cashback of up to ₹500 by achieving annual spends of ₹50,000 within 15 days.
  3. Complete Fuel Freedom: Enjoy a 1% fuel surcharge waiver on transactions ranging from ₹500 to ₹3,000 when using the SBI Unnati card for fuel purchases.
  4. Security: The SBI Unnati credit card is issued with a lien on cardholders’ SBI fixed deposit of ₹25,000 or more.
  5. International Credit Card: The SBI Unnati credit card is globally accepted at over 24 million outlets.
  6. Avail Add-on Card: Share the benefits of your SBI Unnati credit card with your spouse, children, or parents by obtaining an add-on card.
  7. Make Balance Transfer on EMI: Cardholders can save on credit card dues with the SBI Unnati card’s balance transfer facility. They can transfer outstanding balances from other banks’ credit cards (within the offered limit) and repay them in EMIs at low interest rates. They can also opt for the Flexi Pay facility to convert transactions over ₹2,500 into easy monthly instalments within 30 days of the payment.
  8. Easy Cash: Utilize the SBI credit card’s easy cash facility to draw a cheque or demand draft against the available cash limit.

SBI Unnati Credit Card Fees and Charges

  1. Annual Fee (5th Year Onwards): Rs. 499
  2. Add-on card: Nil
  3. Finance Charges: Up to 3.50% per month
  4. Interest-free Credit Period: 20 days to 50 days
  5. Cash Advance Limit: Up to 80% of credit limit, subject to a maximum of Rs. 12,000 per day
  6. Free credit period: Nil
  7. Cash Advance Fee at SBI ATMs: 2.5% of the transaction amount, minimum Rs. 500
  8. Cash Advance Fee at other bank ATMs: 2.5% of the transaction amount, minimum Rs. 500
  9. Cash Advance Fee at International ATMs: 2.5% of the transaction amount, minimum Rs. 500
  10. Cash Payment Fee: Rs. 100
  11. Payment Dishonour Fee: 2% of payment amount, minimum Rs. 500
  12. Cheque Fee: Rs. 100
  13. Card Replacement Fee: Rs. 100
  14. Emergency card replacement when abroad: Actual cost, minimum $175
  15. Foreign Currency Transaction mark up: 3.5%
  16. Rewards Redemption: Rs. 99
  17. Over limit Charges: 2.5% of the amount, minimum Rs. 600
  18. Railway tickets via ticket counters: Rs. 30 plus 2.5% of the transaction amount
  19. Railway tickets via official online portal: 1.8% of the transaction amount plus service charge
  20. Fuel surcharge waiver: 1% waiver for transactions between Rs. 500 to Rs. 3,000

Eligibility criteria for the SBI Unnati Credit Card

  1. Income: Applicants must have a monthly income of more than Rs. 25,000.
  2. Occupation: The card is available to both self-employed and salaried individuals.
  3. Residence: Applicants must be Indian residents to qualify for this credit card.

Documents Required for SBI Unnati Credit Card

Once you meet the eligibility criteria outlined above for the credit card, you should proceed with your SBI Unnati credit card online application by submitting the necessary documents as specified by the bank. It is recommended that you have the following documents readily available:

  1. Two recent, colored passport-size photographs.
  2. Identity Proof options: PAN card, Aadhaar card, or passport.
  3. Residence Proof options: Passport, telephone/electricity bill, or Voter ID.
  4. Income Proof, which can include any of the following: Income Tax Returns (ITR) for the last two years, your most recent salary slips, and bank statements from the last three months, among others.

How to apply for SBI Unnati Credit Card

You have three options for applying for an SBI Unnati credit card.

  1. You can visit your nearest SBI branch, where you’ll need to complete an application form.
  2. You can call the SBI card helpline at 39 02 02 02 and apply over the phone.
  3. There’s the online option: visit www.sbicard.com, enter all the necessary details, and click on the “Apply” button to submit your application.

Frequently Asked Questions (FAQs)

1. What is the SBI Unnati Credit Card?
The SBI Unnati Credit Card is a credit card offered by the State Bank of India (SBI). It is designed to provide financial benefits and rewards to cardholders, with a focus on accessibility for a wide range of customers.

2. How can I apply for the SBI Unnati Credit Card?
You can apply for the SBI Unnati Credit Card online through the SBI official website or by visiting a nearby SBI branch. The application process typically involves submitting necessary documents and meeting the eligibility criteria set by the bank.

3. What are the eligibility criteria for the SBI Unnati Credit Card?
The eligibility criteria may vary, but generally, individuals with a good credit history and a regular source of income are eligible. Specific requirements may include age, income, and credit score criteria.

4. Is there an annual fee for the SBI Unnati Credit Card?
The SBI Unnati Credit Card is known for its no annual fee feature. Cardholders can enjoy the benefits and privileges without having to pay an annual fee.

5. What are the key features of the SBI Unnati Credit Card?
The key features include no annual fee, cashback on certain transactions, easy application process, and accessibility for a broad customer base.

6. How does the cashback feature work on the SBI Unnati Credit Card?
Cardholders can earn cashback on various transactions, such as utility bill payments and fuel purchases. The cashback is usually credited to the cardholder’s account or adjusted against the outstanding balance.

7. Can I use the SBI Unnati Credit Card internationally?
Yes, the SBI Unnati Credit Card is usually enabled for international transactions. Cardholders can use it for purchases and withdrawals abroad, subject to applicable foreign transaction charges.

8. How can I check my SBI Unnati Credit Card balance?
You can check your SBI Unnati Credit Card balance through the SBI Card website, mobile app, or by contacting the customer service helpline. Additionally, monthly statements are sent to the registered email address.

9. Is there a reward program associated with the SBI Unnati Credit Card?
The SBI Unnati Credit Card may offer reward points or cashback on specific transactions. Cardholders can check the details of the reward program in the terms and conditions provided by the bank.

10. How can I redeem the rewards earned on my SBI Unnati Credit Card?
Redemption options may include converting reward points into vouchers, cashback, or using them for specific purchases. The redemption process can typically be done through the SBI Card website or customer service.