SBI Card is a leading card issuer in India that benefits across multiple categories. Some of the renowned credit cards offered by SBI are SBI Simply Save, SBI Simply Click, SBI Cashback Credit Card, SBI Card ELITE, and BPCL SBI Card. Choosing the right card is quite difficult since every card in itself serves a unique purpose like shopping, travel, fuel, groceries, etc. Let us know the process to apply for SBI Credit Cards.
How to Apply for SBI Credit Cards?
Mentioned below are the steps to apply for SBI Credit Cards:
Step 1: Open the official website of SBI Card.
Step 2: Click on “Credit Cards” and select a credit card from the list that best suits your requirements.
Step 3: Click on “Apply Now” and fill out the E-Apply Form / Online Application Form.
Step 4: Click on “Submit”.
Step 5: An instant decision will be received on the application based on the information provided.
Step 6: If the application gets approved, a verification call will be received from the SBI Card Team.
Step 7: The card would then be issued post-verification.
Fees & Charges
Mentioned below are the processing fees to apply for SBI Credit Cards:
| Fee Type | Amount |
|---|---|
| Joining/Annual Fee | Varies for all SBI Credit Cards |
| Finance Charges | Up to 3.5% per month| 42% per annum |
| Late Payment Fee | For Outstanding BalanceFeeUp to INR 500NilGreater than INR 500 to up to INR 1,000INR 400Greater than INR 1,000 to up to INR 10,000INR 750Greater than INR 10,000 to up to INR 25,000INR 950Greater than INR 25,000 to up to INR 50,000INR 1,100Greater than INR 50,000INR 1,300 |
Documents Required
Mentioned below are the documents required to apply for SBI Credit Cards:
| 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, or any other government-approved photo ID proof |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof |
| Proof of Income | The latest one or 2 salary slips (not more than 3 months old), the Latest Form 16, Last 3 months’ bank statement |
Eligibility Criteria
Mentioned below are the eligibility criteria to apply for SBI Credit Card:
- The minimum age to apply for an SBI Credit Card is 21 years.
- The maximum age to apply for SBI Credit Card is 70 years.
- An applicant must be either Salaried or Self-Employed.
- An Applicant must have a regular source of income.
- An applicant should have a good credit score.
- Retired pensioners in the age group 40-70 years can also apply.
- Self-employed individuals above the age group 25 years can apply.
Reasons for Credit Card Application Getting Rejected
- Non-availability of required information/documents
- Low Credit Score
- Low Income
- Age Eligibility, etc.
How to Check the Application Status of SBI Credit Card
With the help of the Track Application Widget, one can track the status of the SBI Credit Card from the homepage. Mentioned below are the steps for the same:
Step 1: Enter the Application no. / Reference no. that has been received at the time of the application for a card.
Step 2: Click on the Track button to check the status of your SBI Card application
Steps to Apply an Add-On Card
SBI Add-on Card can be applied online along with the primary card. Otherwise, mentioned below are the steps to apply for an SBI Add-On Card:
Step 1: Log in to the account either on the SBI’s official website or the mobile app.
Step 2: Click on “Services” and then on “Add-on Card”.
Step 3: Fill out the application form.
Step 4: Submit the KYC documents.
Step 5: Post verification of the submitted KYC documents, an Add-On card will be issued.
How to Upgrade to a New Credit Card?
A cardholder can upgrade to a new credit card only if he/ she is eligible for the same. Mentioned below are the steps to upgrade to a new SBI Card:
Step 1: Once the eligibility criteria are met, log in to the SBI Card.
Step 2: Under “Benefits”, click on “Card Upgrade”.
Step 3: It will show the recommended credit cards that can be selected for an upgrade along with their features, benefits, fees, charges, etc.
Step 4: Click on “Submit” to raise a request for an upgrade to a new credit card.
Also, cardholders may visit the bank or contact the customer care number to request an upgrade of the credit card. The customer care number is 1860 180 1290 or (STD Code) 390202.
SBI Credit Card Interest Rates
Mentioned below is the SBI Credit Card Interest Rate of some of the top banks:
| SBI Credit Card | Interest Rate |
|---|---|
| SBI Prime Credit Card | 3.50% p.m. (42% p.a.) |
| Yatra SBI Credit Card | 3.50% p.m. (42% p.a.) |
| SBI SimplySAVE Credit Card | 3.50% p.m. (42% p.a.) |
| SBI Cashback Credit Card | 3.50% p.m. (42% p.a.) |
| SBI SimplyCLICK Credit Card | 3.50% p.m. (42% p.a.) |
| SBI Card ELITE | 3.35% per month / 40.2% per year |
| Shaurya SBI Card | 2.75% p.m. (33% p.a.) |
| SBI IRCTC RuPay Credit Card | 3.35% per month / 40.2% per year |
| BPCL SBI Card | 3.35% per month / 40.2% per year |
Benefits of SBI Card
Below mentioned are some of the benefits of an SBI Card:
- Contactless transactions: One can simply tap the SBI Credit Card on NFC-enabled POS machines to make simple, convenient & secure transactions
- Reward Points: One can earn Reward Points on every purchase made using an SBI Card. The accumulated Reward Points can be redeemed for various gifts from the Rewards Catalogue
- Exclusive Cashbacks & Discounts: One can avail of Cashbacks & Discounts, on various merchants and partners in travel, shopping, Dining, and other categories. To learn more about the current offers, click here
- Add-on Card: One can gift their loved ones up to 2 complimentary Add-on SBI Cards
- Pay in EMIs: One can pay back their big purchases in easy EMIs
- Cash withdrawal from ATMs: One can use their SBI Card to withdraw cash from any ATM across India
