State Bank of India (SBI), being one of the most popular banks in India is best known for offering a wide range of credit cards to one and all. Right from lifestyle, shopping, fuel, travel to rewards, SBI got you covered with its enormous collection of credit cards. In order to avail any of these cards, an individual should be eligible. The bank offers these credit cards to only eligible individuals. Thus, one should meet the required eligibility criteria such as age, income, credit score, employment type, employer category, etc. Apply online for your favourite SBI credit card and for a hassle-free journey always keep the documents ready. Do not forget to check SBI credit cards interest rate, annual and renewable charges, thus choose a credit card which suits your needs and budget.
Eligibility Criteria for SBI Credit Card
Meet the below eligibility criteria to apply online for SBI credit card.
- The minimum age of an individual should be 21 years.
- The maximum age of an individual should be 60 years.
- An applicant must be either salaried, self-employed, a student, or retired pensioner.
- The minimum age of an add-on card applicant must be above 18 years.
- The minimum monthly salary of an applicant should be Rs.25,000.
- An applicant should have a regular source of income and along with a good credit score.
Eligibility Criteria for Salaried Employees
- An applicant must be a resident of India
- The minimum age of an applicant should be 21 years
- The maximum age of an applicant should be 60 years
- An applicant must have a regular source of income
- The cibil score of an applicant should also above 750 (out of 900)
Eligibility Criteria for Students
- An applicant must be a resident of India
- The minimum age of an applicant should be above 18 years
- An applicant needs to have a fixed deposit account of Rs.25,000, based on the same, the bank will set its credit limit
SBI Credit Card Eligibility Factors
There are many factors that affect the SBI credit card eligibility. Make sure you meet the required criteria.
Age: Whether you are a salaried, self-employed or a student who wants to avail an SBI credit card, it is important for you to meet the required age criteria. The minimum age of an applicant should be 21 years and maximum age bar is 60 years. Your age has a lot to do with your repayment, which is somehow linked to your income status. Make sure you meet the age criteria to get a credit card of your choice.
Income: Income is one of the most crucial factors affecting your credit card eligibility. An applicant needs to have a minimum monthly income of Rs.20,000 for availing an SBI credit card. The higher income you have, the fair chances of you getting a credit card easily as default chances would be less in such a case.
Credit Score: Make sure your credit score is above 750(out of 900) in order to avail an SBI credit card. A healthy credit score is a reflection of your good repayment history which shows your creditworthiness in front of the lenders. The healthy credit profile you have, the lower the chances of credit card default in the future. Thus, lenders would be more than happy to offer you a credit card.
Category of the Employer: If you are someone who works in a CAT A, CAT B or in a leading MNC, there are higher of you getting a card easily. This factor improves the eligibility of an individual as it usually comes with an income stability factor. With a regular flow of income, it would be easy for you to expect an SBI credit card as repayment of the same can also happen easily.
Employment Type: Your credit card eligibility is also affected by your employment type. If you are a self-employed professional or salaried professional, in both cases the eligibility differs. The bank will have a different take on both profiles. In fact, if you are a government employee, also your eligibility varies and the maximum chances are of approval. Yes, government employment comes with a job and income stability factor, making such a profile less risky as far as credit card repayment is concerned.
How to Apply for SBI Credit Cards
You can apply online for any SBI credit card. The online process is really easy and quick. You simply need to follow certain steps and your favorite card will be dispatched to you in the least time frame.
How to Apply Credit Card for new Customer-Steps You Should Follow
Step 1:The process starts by logging on to the SBI Card website.
Step 2: Choose from all the different cards and pick the one you want to own
Step 3:Click on the ‘Apply’ button, you will be led to an application form
Step 4: Fill all the information- including your name, occupation, annual income, PAN number, and mobile number
Step 5: You will receive an OTP on your mobile number, which you have to type in order to ratify the transaction.
Step 6: You will receive a call from a representative who will ask you to provide the necessary documentation
How to Apply Credit Card for Existing SBI Customer?
Step 1: Visit the ‘Credit Cards’ page of the SBI official website
Step 2: You will have to enter your net banking customer id and mobile number.
Step 3: You can directly apply online for a credit card.
Step 4: You can also visit a nearby SBI branch to apply for a credit card.
What are the Documents Required for the SBI Credit Card
Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI, etc.
Proof of Address: 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, etc
Proof of Income:Last 3 months salary slips, Last 3 months’ bank statement, ITR, Form 16, etc.
Types of Credit Cards
SBI offers credit cards in diverse categories, catering to the varied needs of many. SBI credit card category includes:
Lifestyle: SBI Card ELITE, Doctor’s SBI Card(in association with IMA), SBI Card ELITE Advantage, Doctor’s SBI Card
Rewards: SBI Card PRIME, OLA Money SBI Card, Apollo SBI Card, SBI Card PRIME Advantage, TATA Platinum Card, TATA Titanium Card
Travel: IRCTC SBI Card Premier, Club Vistara SBI Card PRIME, Club Vistara SBI Card, Etihad Guest SBI Premier Card, Etihad Guest SBI Card, Yatra SBI Card, Air India SBI Signature Card, Air India SBI Platinum Card, Chennai Metro SBI Card, IRCTC SBI Platinum Card
Shopping: Simply click SBI Card, SimplySAVE SBI Card,fbb SBI STYLEUP Card, Central SBI Select+Card, Central SBI Select Card, SBI Card Unnati, SimplyCLICK Advantage SBI Card, SimplySAVE Advantage SBI Card, Shaurya SBI Card, Shaurya Select SBI Card
Fuel: BPCL SBI Card,
Banking Partnership: Central Bank of India SBI Elite Card, Central Bank of India PRIME Card, Central Bank Of India SimplySave SBI Card, City Union Bank SBI Card PRIME, City Union Bank SimplySAVE SBI Card, Allahabad Bank SBI Card ELITE, Allahabad Bank SBI Card PRIME, Allahabad Bank SimplySAVE SBI Card, Karnataka Bank SBI Platinum Credit Card, Karnataka Bank SBI SimplySAVE Card, South Indian Bank SBI Platinum Credit Card, South Indian Bank Simply Save SBI Card, Federal Bank SBI Platinum Credit Card, Federal Bank SBI Credit Card, KVB SBI Signature Card, Karur Vysya Bank – SBI Platinum Credit Card, Karur Vysya Bank – SBI Card, Oriental Bank of Commerce – SBI Platinum Credit Card, Oriental Bank of Commerce – SBI Card, Bank of Maharashtra – SBI Platinum Credit Card, Bank Of Maharashtra – SBI Card
Business Cards: SBI Card PRIME Business, SBI Card ELITE Business
SBI Credit Card Features
- Worldwide Acceptance
- Loan Facility
- Balance Transfer
- Balance Transfer on EMI
- Card Upgrade
- Easy Bill Pay Service
SBI Credit Card Benefits
- Lower Interest Option
- Simplified Form of Money
- Utility Bill Payment
- Easy Access
SBI Credit Card Customer Care Number
Dial 1860 180 1290, 1860 500 1290, 39 02 02 02 (prefix local STD code) or 1800 180 1290 either from your mobile or landline to get in touch with the SBI credit card team. In case your SBI credit card has been stolen, you are advised to reach out the bank on these numbers.The bank executives are always there to help, assist and guide for a hassle-free credit card journey.
SBI Credit Card Annual Fee and Renewable Fee Charges
The annual fee and renewal fee charges start at Rs.499. An annual fee is a one-time fee that a cardholder needs to pay at the time of availing a card. While renewal fee is a charge taken by the bank annually to renew an existing card. The annual fee and renewal fee varies from card to card. And, these fees are directly charged to the cardholder account and the same would be billed in the card statement of the month in which it is charged. However, there are separate fees for additional cards issued to the primary SBI credit card holder.
Frequently Asked Questions (FAQs)
Q. What is the minimum age required to apply for an SBI credit card?
A.The minimum age of an applicant should be 21 years but should not be more than 60 years at the time of loan applying for an SBI credit card.
Q. What is the required eligibility criteria for an individual?
A.An applicant must meet the required eligibility criteria such as minimum income, cibil score, job stability, repayment history, etc. to get the card easily.
Q. What is the Minimum Salary for SBI credit card?
A. The minimum monthly Salary should be Rs.20,000 to get an SBI credit card.
Q. Can SBI credit cards come with zero annual fees?
A.Yes, there are certain cards that come with no annual fee. However, the fees and charges vary from card to card.
Q. Are there additional charges for SBI credit card?
A.Yes, SBI credit cards have additional following charges:
- Foreign Transaction Fee – 3.5%
- Card replacement fee – Rs. 100
- Cash payment charge – Rs. 100
- Late payment charges – Rs. 100 to 750
- Cash advance fee – 2.5% of the transaction (minimum Rs.300)
- Over limit fee – 2.5% of over-limit amount (minimum Rs.500)
Q.Which SBI credit card is the best?
A.It is difficult to say which SBI credit card is the best as SBI offers many credit cards. And, each card has its own features and benefits.
Q.SBI offers how many types of credit cards?
A.SBI offers a variety of credit cards, covering different segments like Lifestyle, Shopping, Fuel, Rewards, Travel and so on.
Q.How can I pay for my SBI credit card?
A.You can easily pay online for your SBI credit card. Your credit card bill will be generated monthly which is sent to you via e-mail. However, for timely repayments of the dues, you can opt for ECS payment mode.
Q.What, if I won’t repay my SBI credit card bills on time?
A. A late payment fee will be applicable if you miss any due payment. The due amount will be shown in your next billing cycle.