State Bank of India Credit Cards

The State Bank of India is offering one of the best credit cards to suit the financial and lifestyle needs of cardholders. SBI Credit cards are having features like low finance charges to excellent reward programs. All these features make SBI one of the best and affordable credit card providers in India

Eligibility criteria to apply for SBI Credit Cards

  • The minimum age to apply for SBI Credit Card is 21 years and the maximum is 60 years old.
  • The credit score should be 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

The main benefits of applying for SBI Credit Card:

Save on interest payment on outstanding credit card bills:

One is allowed to transfer outstanding amounts from a card of another bank to an SBI card at a low-interest rate. The feature SBI Balance transfer makes it easier to consolidate high-interest credit card debts to low.

Automatic bill payments

Utility bill payments become easier with SBI Credit Card. The option of auto bill payment given in SBI Credit Card makes it easier to make timely payments of credit card bills each month. You can register and pay your utility bills, electricity, or telephone bills.

Protect yourself with insuranc

The SBI credit card is giving comprehensive credit card protection to the user to save from being in a situation of card loss, theft, or fraud. The facilities that are part of credit card protection are banking protection, free-of-cost replacement of lost credit cards, or any travel assistance.

Easy access

You can easily access your SBI Card account online or may download the SBI Card mobile app. Sitting from the comfort of your home or office a cardholder can make bill payments, check outstanding balance, and more at any time anywhere.

Fund your immediate cash requirements

SBI credit cards are the best financing option for those who need additional funds for an emergency. SBI is offering an ‘SBI Encash’ facility for cardholders to get quick access to funds. You could get an amount above or within your credit limit transferred to your account within 48 hours with Encash. Repayment of the funds can be made in 12-, 24-, or 36-month installments.

Documents required to apply for SBI Bank Credit Card

Both Self-employed and Salaried

  • Completed application form
  • Latest passport-size photographs
  • Proof of identity (copy of PAN, Aadhaar, passport, etc.)
  • Proof of residence (utility bills, driving license, PAN, Aadhaar, etc.)

Salaried- Income proof

  • Latest salary slips
  • Form 16
  • Bank statements

Self-employed- Income Proof

  • Income proof
  • Statement of accounts
  • Proof of business

Types of SBI Credit Card

The SBI is having diversified portfolio of credit cards on offers. Here are the main types of Credit Cards:

  • Lifestyle Cards
  • Reward Cards
  • Shopping Cards
  • Banking Partnership Cards
  • Travel Cards
  • Miscellaneous Cards

Popular SBI Credit Card

SBI Credit Card Variants Annual fee Best suited for
Simply CLICK SBI Credit Card Rs 499 Online Shopping
Simply SAVE SBI Credit Card Rs 499 Shopping( Everyday)
Yatra SBI Card Rs 499 Travel
SBI Style up contactless Credit Card Rs 499 Co-branded shopping
BPCL SBI Card Rs 499 Fuel
IRCTC SBI Platinum Card Rs 500 Co-branded( Travel)
Air India SBI Platinum Card Rs 1499 Travel
SBI Card Prime Rs 2999 Premium and Lifestyle

SBI Credit Card fees and other charges

Types of Fees Charges
Finance charges Up to 2.5% per month for SBI Card Unnati Up to 3.35% per month for other cards
Minimum Amount Due 5% of total outstanding amount or Rs.200 + taxes, whichever is higher
Interest free period 20 to 50 days. Varies from one card to another
Cash Advance Limit Up to 80% of your total credit limit, maximum of Rs.15,000 per day
Statement Retrieval Rs 100 per statement – for statements more than 2 months old
Late payment fee Below Rs.200: Rs.0 Above Rs.200 to Rs.500: Rs.100 Above Rs.500 to Rs.1,000: Rs.400 Above Rs.1,000 to Rs.10,000: Rs.600 Above Rs.10,000 to Rs.25,000: Rs.800 Above Rs.25,000: Rs.950
Overlimit fee 2.5% of the excess credit utilized or Rs.500, whichever is higher
Card replacement fee- domestic Rs 100
Card replacement fee while traveling abroad Actual cost of the card or $175, whichever is higher
Dynamic currency conversion fee 3.5% For SBI Card ELITE – 1.99%
Reward Redemption charge Rs 99

How to apply SBI Credit card on bank website?

  • Log on to the official SBI website.
  • Take the cursor on the credit cards tab and click on ‘Help Me Find a Card’.
  • Find the ideal card for you with the Simplifier feature.
  • Read through the features and benefits of the card.
  • Click on ‘Apply’.
  • Fill in your personal and contact details.
  • A representative of the bank will contact you to take your application further.

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