One of India's top credit card issuers, SBI Card, provides credit cards with rewards in different categories. Popular SBI credit cards include SBI Simply Save, SBI Simply Click, Cashback SBI Card, SBI Card ELITE, and BPCL SBI Card. Choosing the correct card might be challenging because each one is designed to meet a specific purpose.
SBI provides a range of credit cards in several categories, including travel, entertainment, grocery, retail, and fuel. Benefits from these cards include discounts, rewards, and cashback. These credit cards are available for selection based on your spending habits. The best SBI credit cards are listed below to assist you in making the right decision. At MybankingTips, you can apply for and compare several different SBI credit cards.
You can get reward points and cashback with SBI credit cards, in addition to free lounge access and memberships, cinema ticket discounts, co-branding incentives, and other benefits. According to their features and advantages, the top SBI credit cards for May 2024 are listed here.
With MybankingTips, you can quickly compare and apply for SBI credit cards online. The steps to follow:
Additionally, you can apply offline for the SBI bank credit card by getting in touch with customer service or by visiting the closest SBI bank branch and filling out an application in person. Make sure you have all the necessary paperwork in hand.
The following are the eligibility criteria to apply for an SBI Credit Card:
When you apply for a credit card, you have to provide documentation of your identification, address, and financial situation. The documents listed below can be used to check your eligibility. Keep in mind that the bank may want more documents from you and that this is not a complete list.
| Proof of Identity | PAN Card, Voter’s ID, Aadhaar card, Passport, Driver’s License, Overseas Citizen of India Card, Job card issued by NREGA, Person of Indian Origin Card, Letters issued by the UIDAI or any other government approved photo ID proof |
| Proof of Address | Passport, Driver’s License, Aadhaar card, Utility Bill not more than 3 month’s 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 |
(For salaried)
(For self-employed)
|
Here are some common fees and charges that apply to almost all 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 | |
| Interest Rates | 2.75% per month to 3.50% per month | |
| Add-on Card Fees | Nil | |
| Card replacement fee | Rs.100 to Rs.250 | |
| Minimum Finance Charges | Rs. 25 | |
| Cash Payment Fees | Rs. 250 plus taxes | |
| Payment Dishonor Fees | 2% of the payment amount or Rs. 500, whichever is higher. | |
| Cheque Payment Fees | Rs. 100 | |
| Rewards Redemption Fees | Rs. 99 (On gifts, statement credit, and selected vouchers) | |
| Rent Payment Transaction Processing Fee | Rs. 199 | |
| Cash withdrawal fees | 2.5% of the cash amount withdrawn or Rs. 500, whichever is higher | |
| Processing Fees for 60 days | 2% or Rs. 199, whichever is higher. | |
| Processing Fees for 180 days | Nil | |
| Late Payment Fee | For Outstanding Balance | Fee |
| Up to Rs. 500 | Nil | |
| Greater than Rs. 500 to up to Rs. 1,000 | Rs. 400 | |
| Greater than Rs. 1,000 to up to Rs. 10,000 | Rs. 750 | |
| Greater than Rs. 10,000 to up to Rs. 25,000 | Rs. 950 | |
| Greater than Rs. 25,000 to up to Rs. 50,000 | Rs. 1,100 | |
| Greater than Rs. 50,000 | Rs. 1,300 | |
Consider a card's annual fee, joining fee, and best use while reviewing it.
| Card Variant | Joining Fee | Annual Fee | Best For |
|---|---|---|---|
| SBI Elite Credit Card | ₹ 4,999 | ₹ 4,999 | Rewards and Travel |
| SBI Prime Credit Card | ₹ 2,999 | ₹ 2,999 | Travel, shopping & rewards |
| SBI SimplyCLICK Credit Card | ₹ 499 | ₹ 499 | Rewards on Everyday Expenses |
| SBI SimplySAVE Credit Card | ₹ 499 | ₹ 499 | Rewards on Everyday Expenses |
| Club Vistara SBI Card PRIME | ₹ 2999 + taxes | ₹ 2999 + taxes | Rewards & Travel |
| BPCL SBI Card Octane | ₹ 1,499 | ₹ 1,499 | Fuel Purchases |
| IRCTC SBI Card Premier | ₹ 1,499 | ₹ 1,499 | Travel |
| Nature's Basket SBI Card Elite | ₹ 1,499 | ₹ 1,499 | Grocery |
| Nature's Basket SBI Card | ₹ 1,499 | ₹ 1,499 | Grocery Shopping |
| Lifestyle Home Center SBI Card Prime | ₹ 2,999 | Rs. 2,999 | Shopping |
| FabIndia SBI Credit Card | ₹ 499 | ₹ 499 | Shopping |
| Cashback SBI Card | ₹ 999 | ₹ 999 | Cashback & Online Shopping |
| Air India SBI Signature Credit Card | ₹ 4,999 | ₹ 4,999 | Travel and Rewards |
| Air India SBI Card Platinum | ₹ 1499 | ₹ 1499 | Travel |
| Yatra SBI Credit Card | ₹ 499 | ₹ 499 | Travel |
| SBI Aurum Credit Card | ₹ 9,999 | ₹ 10,000 | Rewards & Travel |
| SBI Pulse Credit Card | ₹ 1,499 | ₹ 1,499 | Health & Fitness |
| Apollo SBI Credit Card | ₹ 499 | ₹ 499 | Health & Fitness; Rewards |
| Reliance SBI Co-branded Cards | ₹ 499 | ₹ 499 | Shopping |
| Reliance SBI Card Prime | ₹ 2,999 | ₹ 2,999 | Shopping & Rewards |
| Titan SBI Credit Card | ₹ 2,999 | ₹ 2,999 | Shopping & Rewards |
SBI cards have a variety of features and benefits some common benefits are applicable to each SBI credit card mentioned below:
It's easy to pay your utility bills with your credit card. You can make on-time monthly payments using the Easy Bill Pay auto bill payment option. You can register and pay your phone and electricity bills, insurance premiums, and utility bills.
With your SBI card, you can pay off balances from other cards at a low interest rate. You can avoid paying interest on multiple credit cards by using the balance transfer feature.
With just a tap of your card or smartphone, you may quickly, easily, and securely make payments.
With the SBI Card Mobile App, credit cardholders may conveniently manage their credit cards. They can use extra services like Encash and Flexipay, as well as make payments with their SBI credit card, check statements, and unbilled transactions.
You can pick between three different levels of insurance protection with your SBI Card, giving you the ability to handle health concerns, accidents, card loss, card theft, and more.
With the Flexipay function on your SBI Card, you can turn large purchases into simple EMIs. Select a duration of 3, 6, 9, 12, 18, or 24 months to convert transactions that have exceeded Rs. 2,500 in the last 30 days.
Also, you have the option to use your SBI Credit Card's overlimit feature to spend more than your available limit.
Through the Encash Facility, cardholders can get immediate cash and settle their balance in convenient installments up to a 48-month period. Whereas Encash Inline is provided inside the user's current credit limit, Encash offer is provided over and beyond his or her current credit limit.
You can apply for add-on credit cards for your parents, children over the age of 18, and spouse using your primary credit card. These cards usually offer the same advantages as major cards.
You can move the balance to your SBI credit card and avoid paying finance fees if you have large balances on other bank credit cards that you are having trouble paying off. Although interest is charged on balance transfers as well, it is substantially less than it is on revolving balances.
You can download the SBI Card mobile app or log into your SBI card account online. Pay your bills whenever and wherever you choose, as well as view your remaining balance.
Easy steps to get you fast cash from the ATM Cash services with your SBI Card.
The SBI ELITE Credit Card is a high-end credit card that provides special advantages in a number of areas, such as reward programs, travel, and entertainment. You receive an e-gift coupon worth Rs. 5,000 as a welcome present, and you can enjoy up to Rs. 6,000 in annual cinema bonuses. You can earn up to 50,000 bonus RPs (about Rs. 12,500) annually under its milestone privileges. In order to provide cardholders with the greatest reward experiences, the card also grants free access to airport lounges, free Club Vistara membership, and free Trident Privilege membership.
One of the top reward cards offered by the State Bank of India is the SBI PRIME Credit Card. It offers you the chance to earn thousands of rupees per month on practically all of your purchases and greets you with a gift coupon worth Rs. 3,000. Depending on your overall annual spending, you can receive e-gift cards worth Rs. 8,000 each year. In addition, the card entitles you to free access to airport lounges, free Trident Privilege membership, and a host of other exclusive advantages.
As its name suggests, SBI Bank just introduced the Cashback credit card, which gives you cashback on almost all of your purchases. In addition to up to 5% cashback on online purchases and 1% cashback on offline purchases and utility bill payments, the card comes with an annual fee of Rs. 999. If you spent Rs. 2 lakh or more on this card in the previous year, you can also receive a remission of the 1% fuel surcharge and avoid paying the renewal cost.
The SimplySAVE SBI Credit Card lets users save money every time they make a purchase. The card comes with a welcome bonus of 2,000 additional RPs, or Rs. 500. You can use it to earn RPs on all of your retail purchases and to get accelerated rewards on a few categories, like department stores, eating, and groceries. With the card, you may take advantage of numerous fantastic savings options, including a fuel surcharge waiver and a spend-based renewal fee waiver. With this card, you can receive a yearly gasoline transaction value of up to Rs. 1,200 and a Rs. 499 waiver on your renewal charge.
The State Bank of India also offers the SimplyCLICK SBI Credit Card, another shopping card designed to help its clients save more money when they purchase. You get an Amazon gift card worth Rs. 500 when you use the card, and you earn reward points (RPs) for everything you spend, with partner brands and online shopping earning you more points. By meeting the annual criteria, the card offers you the chance to win gift certificates worth up to Rs. 4,000 each year. Additional advantages include the removal of fuel surcharges and spend-based annual fees.
With the attractive cashback offers that come with the Paytm SBI Card SELECT, users may save an increasing amount on their purchases. As a welcome gift, you receive a complimentary Paytm First membership with perks up to Rs. 75,000 and Rs. 750 in cashback in your Paytm wallet. If you meet the annual spend criteria, you can receive gift certificates with a maximum value of Rs. 6,000 as part of its milestone benefits. While the card is well-known for its reward programs, it also offers special travel benefits including free domestic lounge access and Priority Pass membership.
Recently, the SBI Pulse Credit Card was introduced with the goal of offering its users special health benefits. The card has an annual cost of Rs. 1,499, but as a welcome bonus, subscribers get free FitPass pro and Netmeds memberships. It offers you expedited rewards on eating and movie purchases in addition to pharmacy and medical-related expenses.
With the Club Vistara SBI Card PRIME, you may enjoy special travel benefits and earn Rewards in the form of Club Vistara Points, which can be applied to purchases linked to travel, such as hotel and airline reservations. Receive one premium economy class ticket as a welcome gift, and depending on your annual spending, you can earn up to four economy class tickets annually. To improve your travel experiences even further, the card also offers Priority Pass membership and free access to airport lounges.
One more of the most significant travel cards that the SBI has offered is the Air India SBI Signature Credit Card. The card is well-liked not only for its travel benefits but also for its unique reward programs. With this card, you get 20,000 bonus RPs as a welcome benefit. Additionally, you can earn up to 1,00,000 bonus RPs annually with its milestone advantages. It is simple to exchange the RPs for Air India Air Miles. One of the card's travel perks is annual free admission to airport lounges.
Another excellent credit card offered by SBI for travel is the Etihad Guest SBI Premier Credit Card. You are greeted with 5,000 EG points and two complimentary WiFi vouchers, and you can accrue rewards in the form of Etihad Guest miles. Upon hitting the spend milestone, you will receive 1,500 bonus miles annually. On Etihad Airways, you can also get discounts of up to 10% when buying your flights. Additional travel perks include free annual access to domestic and international airport lounges, free coverage for aviation accidents, etc.
Save Rs. 1,000 on domestic travel tickets with a minimum payment of Rs. 5,000. Discount of Rs. 4,000 on tickets for foreign travel with a minimum booking value of Rs. 40,000. For every Rs. 100 spent on restaurants, grocery, movies, department stores, amusement, and international purchases, you will receive six Reward Points. India's Mastercard airport lounge access.
One Reward Point for every Rs.100 spent using this card. Spend Rs.50,000 or more in a year to earn cashback of Rs.500. 1% fuel surcharge waiver on spends between Rs.500 and Rs.3,000.
To activate your new SBI Credit Card, you have a few options for both online and offline ways. You are able to better understand the same by considering the following points:
You will need to register your card in order to use your SBI Credit Card for online banking. Simply follow to these few easy steps:
If you applied for your card via the SBI website, you can also check the status of your application.
You may earn Shop-and-Smile Reward Points with most SBI cards; these points are valid for two years. Earn points on every transaction when you use your card to make purchases. Remembering the specific spend categories that allow you to earn the most Reward Points is important. After you've earned enough points, you can exchange them for exclusive offers and more. Redeeming points is possible via the SBI mobile app or website. Use your login credentials to log in and use your points to purchase any item in the catalog.
To redeem your points, contact SBI Card Helpline at 39 02 02 02 or 1860 180 1290 with your local STD code. Your registered address is where your gift will be delivered.
SBI credit card reward points can be redeemed both online and offline.
Through SBI Customer Care, you can redeem your credit card reward points offline. To speak with a customer care executive, just give the SBI credit card customer care number a call. He or she will help you use your reward points for redemption.
Use your SBI card to make balance transfers to your other credit cards. At an affordable interest rate, you can move the balance due on other cards to your SBI card. You can reduce the interest you pay on various credit cards by using the SBI credit card balance transfer. There are two balance transfer plans available from SBI:
There are three circumstances in which the SBI bank credit card interest rate is applicable. The following information is given as follows:
Customers with SBI credit cards that have terms of 20 to 50 days can enjoy 0% interest. It is the interval of time between the current due date and the creation of your most recent statement. During this time, no interest is charged on any of the purchases.
Keep in mind the following two details about the interest-free term on credit cards:
Cardholders receive access to the Encash facility, which is preapproved. They can use the Encash feature to acquire fast cash. Within 48 working hours of verifying your eligibility, the money will be deposited into your State Bank of India account. Repayment is possible in convenient installments for up to 48 months.
The user's current credit limit is exceeded by the Encash offer, yet the Encash inline is provided inside the existing credit limit. The National Electronic Funds send, or NEFT, will be used to send the money. Encash charges a processing fee in addition to an interest rate.
You have several options from SBI to assist you in making your on-time SBI credit card payment. You can pay your bill offline or offline, as your convenience.
SBI ATM: Use your debit card to pay your monthly bill at any SBI ATM.
Payment at Bank Branch: To pay your credit card bill, visit any State Bank of India branch.
Manual Drop Box: Any drop box located throughout India is where you can deposit your check.
Electronic Drop Box: Get an instant receipt when you deposit your check in a nearby electronic drop box.
UPI: Any UPI QR code, the VPA (Virtual Payment Address) feature, or BHIM SBI Pay can also be used to pay your credit card bill with UPI-SBI.
SBI Apps: You can pay for your SBI credit card using the SBI Card mobile app or the SBI YONO mobile app on your smartphone.
Net Banking: By accessing your net banking account using the Online SBI portal, you can pay your credit card charge. You can pay using NEFT or any other bank's online banking service by choosing the SBI "Visa Credit Card Pay" option.
Electronic Bill Payment (EBP): SBI, Citibank, Indian Overseas Bank, Bank of India, and mobile banking services allow you to use EBP to pay your credit card bills.
MasterCard MoneySend: You can pay your SBI credit card bill online using any third-party payment app that accepts the MasterCard MoneySend payment method.
NACH: Another method that lets you pay your bills automatically is the National Automated Clearing House (NACH), which prints checks every month to settle your credit card bills. Simply provide your permission to the payment when prompted.
PayNet BillDesk: Through the SBI BillDesk PayNet-Pay Online payment channel, you can pay your bills. You have two options for making the payment: use any of your debit cards from participating banks, or pay directly using the bank's online banking information.
Debit Card: Your debit card can be used to pay for your monthly expenses. Paying using debit cards from top banks is also possible with SBI.
SBI Auto Debit: With the auto debit option, you can conveniently make payments straight from your State Bank of India account.
SBI offers excellent customer care to assist customers with any questions they may have about credit cards. Customer care for SBI Credit Cards can be reached by any of the following methods:
You can contact any of the following numbers: 1800 180 1290 is the toll-free number for SBI credit card customer service. 1860 500 1290, 1860 180 1290, 39 02 02 02 (prefix: the local STD code)
Your SBI credit card can be activated via email, the SBI Credit Card app, or SBI Card Net Banking. You must first register for the net banking service in order to use it. After registering, sign in, select the "Requests" page, and then select "Card Activation." Give your approval by selecting the "Activate" button. The mobile application will go through a similar procedure. As an alternative, you can contact them via phone, email, or chat with their chatbot ILA to activate your card.
The SBI Credit Card app, website, chatbot ILA, IVR, or ILA can all be used to generate an SBI credit card. Each approach has a different process. Using your customer ID and password, you must first log in to the SBI Card website in order to generate or modify your PIN. After that, you can choose the card in the "Manage PIN" area and authenticate using an OTP. Proceeding will require you to input the new PIN twice.
Yes, SBI Card and a number of banks worked together to design and introduce credit cards.
If your SBI credit card is co-branded, you can redeem your reward points online by going to the partner merchant store or portal or by login onto the official SBI Card website. To redeem your reward points, you can also give the SBI credit card hotline a call. Unless otherwise specified, points may only be redeemed in multiples of 2,000.
Beginners can choose between two popular SBI credit cards: SBI SimplySAVE and SBI SimplyCLICK. Both of these cards have an annual cost of Rs. 499, so they're a fantastic choice if you're looking for a decent set of benefits for a low annual fee. While SBI SimplyCLICK is helpful if you regularly shop online, SimplySAVE is an excellent way to save money on your retail shopping expenses. You should choose based on how much money you want to spend.
Within 30 days of the purchase, if you did not convert your purchases into EMIs at the time of purchase, you can still do so via the Flexipay Facility on your SBI Card. Rs. 2,500 is the minimum booking amount. To use Flexipay, combine many transactions amounting more than Rs. 500. There will be an extra processing charge of 2% of the total transaction price, with a minimum of Rs. 249 and a maximum of Rs. 1,500. The interest rate is set at 20% per annum, subject to change based on available offers.
The highest amount you can spend with your SBI credit card is its entire credit limit. The credit limit is deducted as you use the card and is refilled when you settle your balance. Many factors, such as your salary, credit score, the limit on your current cards, and the credit card company's internal policies, affect the limit you would receive on your SBI Card. Your SBI Card may automatically offer you an increase in your limit if you've had it for a long time and have been consistent with both payments and use. You will receive an email or SMS with the same information. You can request a limit increase if you do not receive update from them. It can also be necessary for you to provide the most recent evidence of your income.
You can write to SBI customer care or phone the SBI credit card helpline to close your SBI credit card. All outstanding balances must be settled in full before your card can be closed. Before closing your card, you should also check to see whether you have any reward balance and use it. Keep in mind that adding credit cards will automatically result in the termination of the principal credit card.
You may disable your SBI credit card by sending an SMS to 5676791 with the code restrict XXXX, where XXXX is your SBI credit card's last four digits. For the same, you may also contact the SBI Card helpline at 18601801290 or 39020202 (prefix local STD code).
Depending on the demands of the user, SBI provides a variety of credit cards with benefits. You need to examine how much you spend on several credit cards in order to determine which one is best for you. For example, you may want to look at the Air India SBI Signature Credit Card, IRCTC SBI Card Premier, Club Vistara SBI Card Prime, or Yatra SBI Credit Card, among other options, if you're looking for an SBI travel credit card. You can search for BPCL SBI Card Octane to save money on petrol. Similarly, SBI SimplyCLICK or SBI SimplySAVE will be a superb choice for benefits on shopping expenses. Therefore, the SBI credit card that gives you the most value-back on your regular purchases would be the greatest choice for you.
No, But few SBI credit cards let you use your reward points to settle your outstanding balance. You can use reward points to offset the balance on your card, for example, if you have an outstanding balance on your SBI Card Prime, SBI Card Elite, or SBI SimplySAVE Advantage. You can redeem one rupee for every four reward points on any of these cards.
If your card is lost or stolen, you have to report it to the bank immediately. Your card will be blocked by the bank to protect it against fraudulent transactions.
You must activate your card for foreign transactions before you travel abroad. To enable the foreign credit limit on your card, log into your SBI account. You can get assistance with the activation from the chatbot ELA.
Yes, SBI Card offers an exclusive app called "SBI Card" that works with both iOS and Android devices. After downloading the app, you can use it to register, view the details of your credit card account, make requests related to your card, conduct transactions, and request additional SBI products, among other things.
The bank may take up to 21 days to process your SBI credit card application once you submit it and the necessary paperwork. It could take much longer if there are any missing documents or other problems with the application.
In addition to any applicable taxes, there is a 3.5% markup fee for foreign currency transactions. It's crucial to keep in mind that using Indian rupees to make purchases while traveling overseas will result in increased expenses. It is preferable to use the local currency when traveling.
Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:
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Top Credit Cards in India