Everything You Need To Know About SBI Bank Credit Cards

By BankBazaar | July 25, 2018

Looking for a Credit Card that is loaded with amazing rewards and benefits and also has a quick approval process? Look no further! SBI Credit Cards offers all this and more. Read on.

SBI Bank is one of the most preferred public-sector banks in India. Besides offering a range of products like Mutual Funds, Loans, Fixed Deposits, etc. the bank also offers an extensive range of Credit Cards.  From travel to rewards to fuel, SBI Credit Cards are loaded with irresistible perks and benefits that complement your lifestyle and help you save big on your everyday purchases.

Here’s everything you need to know about SBI Bank Credit Cards.

What is the eligibility criteria to apply for an SBI Bank Credit Card?

The eligibility criteria vary from card to card. However, you need to be at least 21 years old to apply for any SBI Bank Credit Card. The maximum age limit for both salaried and self-employed individuals is 60 years. Also, make sure you have a good Credit Score to qualify for SBI card.

Check your FREE Experian Credit Score here.

What are the documents required?

Here’s the list of documents to keep handy while applying for an SBI Credit Card:

Documents for salaried applicants:

Identity proof: Aadhaar card, Passport, Voter ID card or Driving licence

Address proof: Ration card/Passport/Rental agreement/Electricity or telephone bill

6 months’ bank passbook or last 3 months bank statements

Recent salary slip or current salary certificate.

Latest Form 16

Documents for self-employed applicants:

PAN Card: For Company /Firm/ individual

Identity proof: Passport/ Aadhaar card/Voter ID card/Driving license/Pan card

Address proof: Aadhaar card/Passport/Driving license/ Voter ID card

Latest 6 months bank statements

Latest ITR along with computation of income, recent balance sheet along with profit & loss statements

Proof of continuation

Additional Reading: Credit Cards – The Myth And The Legend

Credit Cards that the bank offers:   

  1. Yatra SBI Card

Features:

  • Get Rs. 1,000 discount on domestic flight tickets above Rs. 5,000 and 20% discount on domestic hotel bookings of Rs. 3,000 and above
  • Rs. 5,000 discount on international flight tickets of Rs. 40,000 and above
  • Earn 6 points for every Rs. 100 spent at department stores, grocery, dining, movies, entertainment and international

Annual Fee:

  • You will be charged Rs. 499 annually
  • Although there is no waiver for the first-year fee, the annual fee from the second year onwards will be waived if the previous year’s spends exceeded Rs. 90,000

Joining rewards:

  • Get Yatra vouchers worth Rs. 8,250 as a welcome gift
  1. FBB SBI STYLEUP Card

Features:

  • 10% off on all FBB merchandise
  • 2.5% value back on all spends at Big Bazaar, FBB & Food Bazaar stores
  • It’s contactless – simply wave your card to make a transaction

Annual Fee:

  • This SBI card charges Rs. 499 as annual fee

Joining rewards:

  • Along with this card, you will get a Rs. 500 gift voucher which can be redeemed at any Big Bazaar or FBB outlet
  1. SimplySAVE SBI Card

Features:

  • Get up to 10X reward points on everyday spends such as grocery and department stores, movies, and dining.
  • For all other spends, you can earn 1 reward point for every Rs. 100
  • 1% fuel-surcharge waiver at all petrol pumps in the country

Annual Fee:

  • You will be charged Rs. 499 annually
  • Although there is no waiver for the first-year fee, the annual fee from the second year onwards will be waived if the previous year’s spends exceeded Rs. 90,000

Joining rewards:

  • If you spend Rs. 2,000 within 60 days the bank offers 2,000 bonus reward points 
  1. SBI Card PRIME

Features:

  • Earn 20 points for every Rs. 100 spent on your birthday and on utility payments
  • Get 15 points for every Rs. 100 spent at select partners and 10 points for spends on dining, movies, grocery and department stores
  • 8 complimentary domestic lounge visits and 4 complimentary international lounge visits

Annual Fee:

  • You will be charged Rs. 2,999 as annual fee
  • The annual fee from the second year onwards will be waived if the previous year’s spends exceed Rs. 3 lakhs

Joining rewards:

  • You’ll get gift vouchers worth Rs. 3,000 from popular lifestyle, apparel and travel brands
  1. SBI Card ELITE

Features:

  • On this card, earn 10 points per Rs. 100 spent on dining, movies, department stores and groceries and 2 points per Rs. 100 spent on other retail products.
  • Get 2 complimentary movie tickets worth Rs. 500 every month at BookMyShow
  • You can also bag a 1% fuel surcharge waiver across all petrol pumps that is valid for transactions between Rs. 500 and Rs. 4,000

Annual fee:

  • These privileges are available to you for an annual fee of Rs. 4,999 which, from the second year onwards, can be waived on annual spends of Rs. 10 lakhs or more

Joining rewards:

  • On joining, you can bag e-gift vouchers worth Rs. 5,000 from Shoppers Stop, Yatra, Marks and Spencer, etc.
  1.   SimplyCLICK SBI Card

Features:

  • On this card, earn 10 points per Rs. 100 spent online on Amazon, BookMyShow, Cleartrip, OLA etc. When you spend the same amount on other online spends, you earn 5 points.
  • On any other offline spends, for every Rs. 100 spent, you earn 1 point

Annual fee:

  • SBI makes all these privileges available to you for an annual fee as low as Rs. 499. But SBI covers this for you by giving you an Amazon voucher worth Rs. 500 on joining
  • The second year annual fee is the same (Rs. 499) but can be waived if total spends on the Credit Card is Rs. 1 lakh or more in the previous year
  1. IRCTC SBI Platinum Card

Features:

  • Get exclusive travel offers from IRCTC like up to 10% value back as Reward Points on buying train tickets at IRCTC website for AC1, AC2, and AC CC categories
  • Earn 1 reward point on every Rs. 125 spent on non-fuel purchases. You can redeem these reward points for free train tickets on the IRCTC website

Annual fee:

  • SBI makes all these privileges available to you for an annual fee as low as Rs. 500 which from the second year onwards, further reduces to Rs. 300

Joining rewards:

  • When you become a cardholder, you will receive 350 Points on spends of Rs. 500 or more, within 45 days of card issuance

SBI Credit Card bill payment: 

The bank provides both offline and online options to pay your monthly Credit Card bill. You can make the payment via online channels like netbanking, UPI and NEFT among others. If you prefer to pay offline, you can drop a cheque at any one of the bank’s ATMs and branches in your city or walk into any SBI Bank branch and pay the bill amount by cash. (Note: For all cash payments, the bank charges a fee of Rs.  100 along with the applicable service tax)

You can contact SBI customer care for any queries regarding reward points, payments, outstanding amount etc.

Now that you are all set, it’s time to find the right plastic mate! We have amazing Credit Card offers from all the top banks. Do check them out!

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

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