Credit card, the system is a very good transaction system for those who shop online, travel abroad. Today we will discuss about the top occupied State Bank of India credit card in India. I will try to present to you the most important features of SBI Card to help you make a wise decision. Before choosing a credit card, I would like to ask you to read the features of the card in detail.
Types of SBI credit cards available for 2020
|Name of Card||Annual Fee||Benefit||Min. Income Required|
|SimplyCLICK Credit Card||499||Online Shopping||Rs 20000 P.M|
|SimplySAVE SBI Card||499||Shopping & Rewards||Rs 20000 PM|
|SBI Card ELITE||4999||Travel & Shopping||Rs 60000 PM|
|SBI Card PRIME||2999||Rewards||Rs 32000 PM|
|BPCL SBI Card||499||Fuel||Rs 20000 PM|
|IRCTC SBI Card Premier||1499||Travel & Shopping|
|IRCTC SBI Platinum Card||300||Travel|
|IRCTC SBI Card (on RuPay platform)||300||Travel|
|fbb SBI STYLEUP Card||499||Shopping|
|Apollo SBI Card||499||Apollo services|
|Lifestyle HC SBI Card||499||Reward||Rs 20000 PM|
|Lifestyle Home Centre SBI Card PRIME||2999||Reward|
|Lifestyle Home Centre SBI Card SELECT||1499||Reward|
|Max SBI Card||2999||Shopping||Rs 40000 PM|
|Max SBI Card PRIME||2999||Shopping|
|Max SBI Card SELECT||1499||Reward|
|Spar SBI Card||499||Reward||Rs 20000 PM|
|Spar SBI Card PRIME||2999||Shopping & Reword|
|Spar SBI Card SELECT||1499||Shopping|
|Doctor’s SBI Card||1499||Insurance||Rs 40000 PM|
|Doctor’s SBI Card (in association with IMA)||1499||Insurance|
|Doctor’s SBI Credit Card||1499||Reward|
|TATA STAR Platinum Card||2999||Reward||Rs 60000 PM|
|TATA Platinum Card||2999||Reward|
|Central SBI Select+ Card||2999||Shopping|
|Air India SBI Signature Card||4999||Reward & Travel|
|Air India SBI Platinum Card||1499||Travel||Rs 40000 PM|
|Club Vistara SBI Card||1499||Reward|
|Club Vistara SBI Card PRIME||2999||Reward & Travel||Rs 40000 PM|
|Yatra SBI Card||499||Travel||Rs 20000 PM|
|Mumbai Metro SBI Card||499||Reward|
|Chennai Metro SBI Card||499||Reward|
|Etihad Guest SBI Card||1499||Reward & Travel||Rs 40000 PM|
Benefit of SBI Credit Card
Although the benefits of each SBI credit card are different. But some features are the same in almost all SBI cards.
Global Recognition – All SBI credit cards are accepted internationally in all states.
Non-communication facility – All SBI credit cards are communication free. You can pay up to Rs 10,000. 2,000 will be paid by simply waving the card at the NFC-enabled POS terminal without swiping or diving the card.
Add-on Card – With your SBI Credit Card, you can get an add-on card for your parents, spouse, children or siblings under the age of 18 and share the benefits.
Balance Transfer in EMI – If you have outstanding balance in other bank’s credit cards, you can transfer the same to your SBI card and easily return to EMI. That way, you can save on the hefty finance charges of other cards and spread the bill over the months.
Flexipey – This feature of SBI Credit Card allows you to convert purchases above Rs 2,500 in EMI.
Easy Bill Pay facility – You can set up permanent instructions on your SBI card to pay utility bills like electricity, phone bill, insurance etc.
Credit Card Fees & Charges
The following SBI credit card fees and charges will apply. Certain fees and charges may vary depending on the card.
The duration of the credit is 20-50 days. Interest is free only on retail purchases and if the credit accrued extended to the account as 40.2% per annum from the previous month’s arrears is paid up to 3.33% per month.
Increased Credit Minimum amount of total outstanding 5% (minimum Rs.200 + all applicable taxes + EMI (in case of EMI based products) + OVL amount (if any)
Cash advance limit up to 80%, maximum Rs-12,000 per day
Cash advance charges can be up to 3.35% per month, up to 40.2% PA from the date of withdrawal.
Cash Advance Fee SBI or other domestic ATMs 2.5% of transaction amount, minimum Rs 300
Cash Advance Fee International ATMs 3% of transaction amount, minimum Rs 300
Over limit charges 2.5% of the amount Minimum Rs 500
Delayed Payment Fee: There will be no fee from zero to 500 rupees for the total amount.
The fee will be 400 rupees for a total amount of 500 to 1000 rupees.
The total amount will be 650 rupees for 1000 to 10000 rupees.
If the total amount is above Rs 10,000, the fee will be Rs 950.
Eligibility and Documentation
You must have a good credit score in your bank account to apply for an SBI credit card. In addition, you must meet some of the following criteria:
You must be between 18-60 years of age.
You must be paid and self-employed.
As Identity: PAN Card, Aadhaar Card, Driver Job, Passport, Dispute ID, Foreign National of India Card, Origin Card Person, Job Card Should be issued by Narga, Eudidia or other time Revealing the photo ID of the minister
As Address Proof:- Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement or any other government approved address proof
Income proof:- Latest one or 2 salary slip (not more than 3 months old), Latest Form
16, Last 3 months’ bank statement
How to apply for SBI Credit Card online
Go to SBI Card’s website by clicking on this link.
On this page, click on the apply now button on any card of your choice.
On this page you will see a form, you have to fill that form. Fill in the form with your name, address, occupation, date of birth, annual income, PAN card number, email ID, mobile number etc.
After filling out the form, do a trick on the term and condition and click on the send OTP button.
This time, the bank will check whether you are eligible for the credit card you have applied for. They may or may not accept credit cards based on your qualifications.
Applicants can also apply for a credit card by sending an email directly to SBI.
Apply for offline
You can also apply for SBI Credit Card offline. If you want to apply offline, first you have to go to the nearest bank branch. Once they meet your eligibility criteria they will be asked to fill out an application form. You must fill out this form and submit the form along with the required documents such as ID proof, proof of address, and proof of income. The bank representative will check between the filling details and the attached documents to determine if you have met the eligibility criteria for the credit card you have applied for. Once checked, the applicant will be able to get a credit card.
In addition to these, you can also contact 24 * 7 Customer Service by calling 39 02 02 02 or 1800 180 1290. You can call this number and ask for your card.
How to Close or Cancel SBI Credit Card ?
Once you decide to close your credit card, the first thing you need to do is pay your card the total outstanding amount. Then contact your card issuing bank and let them know about your card cancellation request.
In response, you can also call customer care. They will ask the reason behind your cancellation request to guide you further on the whole credit card cancellation procedure. As a rule, you need to send a written communication via email to your respective bank so that they can verify and cross verify the request.
Remember, your card cancellation request will only be accepted if your card has no outstanding balance.