SBI is one among popular banks in India. SBI offers a wide variety of credit cards to its customers. With competitive interest rates on loans and credit cards, SBI made its name familiar in the credit market.
The customers can enjoy various benefits by suitable SBI credit cards based on their different needs.
Everyone has their own needs and it may vary for each depending on indivdual lifestyle. Clearly understanding the customer’s spending habits, SBI offers varied credit cards in the following categories.
- Shopping Card
- Cashback Card
- Rewards Card
- Travel Card
- Life Time Free Card
- Business Card
- Lifestyle Card
- Entertainment Card
From the above listed credit cards, you can pick any one of them that meets your demands and spending habit. You can save money by exclusive offers and rewards offered to each category.
ELIGIBILITY CRITERIA
| Criteria | Details |
| Minimum Age | 18 years |
| Maximum Age | 60 years |
| Minimum Income Required | More than Rs.20,000* |
| Occupation | Available for both Salaried and Self-Employed |
| Other Criteria | Should have a regular source of income Should have a good credit score |
DOCUMENTS REQUIRED:
To apply for SBI credit card, you need to submit the following documents.
- Address proof – Passport/ Driving License/ Voters ID/ Aadhaar card.
- Identity proof – Bank Statement/ Voter Id/ Driving Licenseetc.
- Income Proof – Bank Statement/ Pay Slip/ Income Tax return.
- Pan Card.
- Recent Passport size photographs.
ELIGIBILITY CRITERIA FOR SALARIED & SELF-EMPLOYED INDIVIDUALS:
- Age- Minimum age of applicant must be 18 years and the maximum age of the applicant should not be more than 60 yearsat the time of applying for credit card in SBI.
- Credit Score- Credit score of an applicant should be above average to obtain an SBI Credit Card.
- Regular Income- Any person who wants to take a SBI Credit card should have a regular monthly salary that should meet the minimum income criteria set by the SBI.
- Documentation- The applicant must produce valid proof of identity, address and his/her income. The set of documents may vary from card to card and person to person.
EXISTING SBI CARDHOLDERS CAN FOLLOW THE BELOW-GIVEN STEPS TO APPLY FOR A NEW CREDIT CARD
- Choose any SBI Card of your choice and click on ‘Apply Now’ option.
- For ‘Do you already have an SBI Credit Card’ dialog,choose yes.
- Provide the credit card details, mobile number and then click on ‘Verify Mobile Number’
- Enter OTP and then click Submit
SBI Card will then notify customer that they are eligible for the selected credit card or not.
FACTORS AFFECTING SBI CREDIT CARD ELIGIBILITY CRITERIA:
Income of the Applicant: Your income plays an important role while applying for a credit card. This is a proof to the bank that you will be able to pay your credit card bill.You can also get SBI credit card against your fixed deposit.
Age of the Applicant: Any individual will get a steady source of income only after a certain period of years. Hence, the banks fixed age criteria upon issuing a credit card because they expect a proper payment of credit every month.
Credit History of the Applicant: Credit history is a clear proof to bank that how an individual manages his/her credit related activities. A good credit history is highly preferred by the lender for offering a credit card.
Nationality Criteria of the Applicant: The applicant can be resident of India or Non-Resident Indian.
HOW TO APPLY FOR SBI CREDIT CARD?
If you want to apply for an SBI credit card, the process is very simple and here are the stepsthat you should follow to get credit card.
CREDIT CARD FOR NEW CUSTOMERS THROUGH ONLINE:
- You should visit ‘Credit Cards’ page on SBI official web portal.
- Enter your personal and contact details.
- After the verification, a representative from the bank will get in touch with and ask guide you through the process.
- You may have to submit KYC documents and income proof to get an SBI credit card.
- You can also visit the nearest SBI branch to apply for a credit card.
CREDIT CARD APPLICATION ONLINE FOR EXISTING CUSTOMERS
- Visit the ‘Credit Cards’ page on SBI official portal.
- Then you should enter your net banking customer id and mobile number.
- You can directly apply for a credit card through online.
- You can also visit a nearest SBI branch to apply for a credit card.
FEES AND CHARGES FOR SBI CREDIT CARD:
Annual Membership Fee: The cardholder will have to pay annual membership fee for primary and add-on cards as set by the SBI. The charges may vary for different cards, it depends on the scheme. Annual fees will not be refunded to the account at the time of closure of the credit card.
Cash Advance Fees: The cardholder can use credit card to withdraw money from ATMs in India or abroad any time. For each transaction 2.5% of amount or Rs.300 will be charged, and it will be added to next month bill.
Late Payment Charges: Late payment charges are applicable if minimum amount due is not paid on or before the due date.
