SBI Advantage Plus Credit Card, Best secured Credit Card- Check features and benefits
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Indialends, 03 Oct 2025

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SBI Advantage Plus Credit Card

What is LAMF Finance Charges (Interest Rates) Late Payment Fees Cash Advance Fees

The SBI Advantage Plus Credit Card is one of the best lifestyle credit cards available for customers with minimal annual and joining fee. It is designed specially to meet all the shopping requirements with ease. The interest rate applies to this credit card is also low i.e., 2.25% per month as compared to other SBI credit cards.

Features of SBI Advantage plus credit card

  • The SBI Advantage Plus credit card is accepted all over the world at more than 1 million MasterCard or Visa ATMs.
  • You will also be able to convert your purchases made with the SBI Advantage Plus credit card into EMI with Flexipay. The minimum purchase amount should be Rs 2500 from the credit card.
  • Avail of easy bill payment facilities
  • One of the best balance transfer credit cards in India available at the low-interest rates.
  • On a minimum transaction amount of Rs.30,000, get a discount of 10% on your international flight bookings on MakeMyTrip.

The eligibility criteria to apply for SBI Advantage Plus Credit Card

  • The minimum age to apply for a credit card is 21 years and the maximum is 70 years.
  • The credit card applicant must be a citizen of India
  • The age of the add-on cardholder must be above 15 years.
  • Must have a stable job
  • Must be having a good credit score which is 750, or above.
  • The minimum annual income requirement to apply for a credit card is 2 Lakh
  • The applicant can furnish at least past three months’ salary slip, bank statement showing salary deposit for three consecutive months along with valid identity, address, and age proof

Document required to apply for SBI Advantage Plus Credit Card

The State Bank of India will notify you about the various documents they require during the application

Proof of Address

  • Passport
  • Voter ID
  • Aadhaar card
  • Ration Card

Proof of Identity

  • Aadhaar card
  • Passport
  • Driving License

Income Proof

  • Salary Slip
  • Form 16
  • IT Returns

SBI Advantage Plus Credit Card fee and charges

Fee type Amount
Annual Fee Rs 500
Minimum Amount Due 5% of the total outstanding amount subjected to a minimum of Rs.200
Add-on-Card fee NIL
Finance Charges 2.25% per month
Interest free Credit Period Up to 45 days
Renewal Fee Rs 500
Over limit Payment 2.5% of the overlimit amount subjected to a minimum of Rs.500.
Cash Advance Limit Up to 80% of credit limit
Late Payment Charges For a total amount due between Rs.0 and Rs.200 - Nil Between Rs.200 and Rs.500 - Rs.100 Between Rs.500 and Rs.1,000 - Rs.400 Between Rs.1,000 and Rs.10,000 - Rs.600 Between Rs.10,000 and RS.25,000 - Rs.800 More than Rs.25,000 - Rs.950
Free credit period NIL
Statement Retrieval Rs 100
Foreign currency transaction 3.5%
Fuel surcharge 1% of the fuel purchase amount
Reward Redemption fee Rs 99 per request
Emergency Card replacement $175

How to apply for SBI Credit Card at IndiaLends platform

  • Click here to start the application process.
  • Enter your basic details like occupation, monthly income, city, and contact number. You will now see a list of credit cards for which you meet the basic eligibility criteria.
  • Find your preferred SBI credit card from the list and check your eligibility for the same.
  • If eligible, you can complete the online application

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FAQ’s

Loan against mutual funds (LAMF) allows you to borrow cash against your mutual fund investments as collateral. You can use Volt Money to lien mark your mutual funds digitally to avail an instant limit without losing the ownership of your mutual funds and all the associated benefits with it. Funds will be made available in the form of an overdraft facility.

The annual fee for the Axis Privilege Card is typically Rs. 1,500 plus taxes. This fee can be waived if the cardholder achieves an annual spending milestone, though the exact spending amount for the waiver can vary by card variant. For example, a common waiver condition is spending above Rs. 2.5 lakh in an anniversary year.

Luxe Vouchers are digital gift cards that can be redeemed across popular luxury and lifestyle brands such as Myntra, Flipkart, Pantaloons, and more. Once you qualify for the offer, the voucher code will be sent directly to your registered email ID or mobile number. In most cases, vouchers are delivered within 5–7 working days after successful validation of your transaction or application.

Yes, you can apply even with a low CIBIL score, but your chances of approval may be limited. Most banks and lenders prefer a CIBIL score of 750 or above for quick approval and better interest rates. If your score is lower, some lenders may still consider your application based on other factors such as your income, employment stability, or existing relationship with the bank. However, you may be offered a lower loan amount or higher interest rate. Improving your credit score before applying can increase your chances of getting approved on favorable terms.

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