- Welcome e-gift Rs. 500* from Amazon
- 10X rewards on online spends
- E-voucher worth Rs. 2,000 on annual online spends of Rs. 1 Lakh
- 2.5% value back on Grocery stores
- 2.5% fuel surcharge
- Get annual membership fee reversal from second year of your subscription
- Welcome e-gift Rs. 500* from Amazon
- 10X rewards on online spends
- E-voucher worth Rs. 2,000 on annual online spends of Rs. 1 Lakh
SBI credit Cards
Over the years, SBI has become one of the most trustworthy names in the banking sector. It has been offering amazing credit card services to the customers since 1998. Now, SBI cards have entered the 10 million cards club. From shopping to travelling, SBI credit cards fulfil different needs for different customers.
Benefits of SBI Credit Cards
Over the years, SBI has become one of the most trustworthy names in the banking sector. It has been offering amazing credit card services to the customers since 1998. Now, SBI cards have entered the 10 million cards club. From shopping to travelling, SBI credit cards fulfil different needs for different customers.
- Lower Interest Option: SBI credit cards let you save more with lower interest rates. You can also convert your transactions into EMIs and relax.
- Encash: To meet your cash requirements, SBI credit cards give you Encash benefit where you can get instant personal loan for your holidays, celebrations, education. The cash will be transferred to your account within 48 hours.
- Insurance: With SBI credit cards, you can choose various insurance covers for health emergency, card loss, thefts and more.
- Rewards: By using SBI credit cards, you can also earn amazing rewards and e-vouchers from plenty of brands.
Eligibility for getting SBI Credit Cards
- You should be between the ages of 18-70 years.
- A resident of India
- A good CIBIL SCORE is a must
- You must have a fixed monthly income(the income that is required varies from one card to another).
Documents Required to Apply
- Passport size photo (coloured)
- Proof of address (electricity bill, ration card)
- Photo ID Proof (driving licence, voter ID)
- A signed consent form.
Now that you know which credit card suits your needs the best, below are the details for each of these credit cards:
| Sr. No. | Card Name | Rewards Point | Benefits | Annual Fee | Joining Fee | Actions |
|---|---|---|---|---|---|---|
| 1. | SimplyCLICK |
|
| Rs. 499 | Rs. 499 | Apply Now |
| 2. | SimplySAVE |
|
| Rs. 499 | Rs. 499 | Apply Now |
FAQs
Credit Card is a banking product that allows the customer to purchase goods and services on the credit limit offered through the credit card. This limit is given by the bank/financial institution that have offered the credit card.
Credit Card allows you to purchase goods and services from the credit offered to the customer by the bank/financial institution whereas a debit card allows the customer to withdraw money or to purchase goods and services from it. The amount is what you deposit in your savings or current account.
A credit card has the following features:
- It has universal acceptability
- Can be used anytime anywhere without any expenditure cap
- While few credit cards come free but those with higher credit limit come with annual fee
- The outstanding amount can be paid back via EMI options
- Cash limit is also given along with credit limit
There are a lot of benefits that come with a credit card:
- Easy dining, travelling, utility, shopping payments
- Credit scores are maintained with credit card timely repayments, which help in availing other loans
- Attractive offers, discounts and cashbacks given on credit card purchases
- Enhanced credit limit if good credit history
EMI is called Equated Monthly Installment of the total outstanding amount that is repaid to the credit card issuer on monthly basis. It is calculated by adding the payable share of principal amount and interest on the principal amount equally divided monthly for the total tenure which is pre-decided.
Any self-employed or salaried person with fixed source of income can apply for a credit card. The applicant should be 23 years of age and should have good credit history.
You need the following documents to apply for any credit card:
- PAN Card
- Passport
- Driving License
- Voters Id
- AADHAAR Card
The following are the probable charges while you apply for credit card:
- Add on Card Fee: If you apply for an add-on card, you may have to pay a fee for that.
- Extended Credit Charges: If the credit limit is extended on your credit card, a small fee may be levied.
- Cash Withdrawal Fee: You may be charged a small amount if you withdraw any amount from cash limit.
You may pay your credit card bills through net banking, NEFT/RTGS, debit card transfer, cash payment, cheque payment, DD etc.
You must consider the following before taking a credit card:
- Credit Card’s purpose
- Ratings and reviews of the particular credit card
- Number of credit cards you are currently using, there must not be more than 3
- Existing loan or EMIs to be paid
- Credit Card’s interest rate
- Customer support system and grievance solving