Everything You Need To Know About SBI Credit Cards

The State Bank of India is the most popular government-owned bank in India. In fact, in 2017, the company ranked 217th in the Fortune Global 500 list of the world’s biggest corporations of world’s biggest corporations. After being the largest lenders, one of the most well-known products of SBI is the customer-centric SBI credit cards. SBI entered the credit card business in 1998 by roping GE Capital India, the consumer finance arm of US-based GE Capital.

SBI Credit Card Features

The SBI credit cards are easy-to-use and quite known amongst the Indian population.

 

• A Wide Range of Options

One of the reasons for the success of SBI credit cards is the variety of options offered. The SBI credit card types are categorized in the following manner:

→ Lifestyle cards

→ Rewards cards

→ Shopping cards

→ Travel and Fuel cards

→ Banking partnership cards

In total, SBI offers 33 credit cards to its customer base with an aim to provide benefits and privileges customized as per their lifestyle.

 

• Balance Transfer Facility Available

SBI provide balance transfer facility on almost all credit cards. Therefore, you always have the option to transfer your balance from a high-interest credit card and save on the interest cost.

 

• Global Acceptance

Most of the SBI credit cards are accepted universally at more than 24 million outlets including 3,25,000 outlets in India itself.

 

• Easy Repayments

SBI credit cards provide a facility called the Flexipay which allows you to convert any transaction above the value of ₹500 into EMI’s within 30 days of making the purchase. In fact, you can convert multiple retail transactions whose value is greater than ₹ 500 into a single Flexipay plan. Although this may vary in case of specific offers.

 

• Rewards and Benefits

The SBI credit card offers are quote popular amongst the Indians. One of the best features of SBI credit cards is that you can earn on almost every spend. In fact, the key benefit of certain cards like SBI Simply Save is that you earn reward points on every spends made. Moreover, the reward points earned can be redeemed against a wide range of products including cash, air miles and more. 

 

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All SBI Credit Cards Available in India

SBI provides an option of 33 different credit cards that are designed according to different spending personality. The different credit cards provided by SBI are:

Lifestyle cards	Rewards cards	Shopping cards	Travel and Fuel cards	Banking partnership cards
SBI ELITE Doctor’s SBI Card (in association with IMA) SBI Card ELITE Advantage Doctor’s SBI	SBI PRIME SBI PRIME Advantage Tata Platinum Tata Titanium	Simply CLICK Simply SAVE SBI Unnati Central SBI Select+Card Central SBI Select STYLEUP Contactless Capital First SBI card Simply CLICK Advantage Simply SAVE Advantage	BPCL SBI Yatra SBI Air India SBI Signature Air India SBI Platinum Chennai Metro SBI Mumbai Metro SBI IRCTC SBI Platinum	Karnataka Bank SBI Platinum Karnataka Bank SBI Simply SAVE South Indian Bank SBI Platinum South Indian Bank Simply SAVE LVB SBI Platinum LVB SBI SimplySAVE Federal Bank SBI Platinum Federal Bank SBI KVB SBI Signature Karur Vyasa Bank- SBI Platinum Karur Vyasa Bank- SBI Oriental Bank of Commerce- SBI Platinum Oriental Bank of Commerce-SBI Bank of Maharashtra- SBI Platinum Bank of Maharashtra-SBI

 

Best SBI Credit Cards in India

Out of all the credit cards provided by SBI, here is a list of the best credit cards in India:

Card Name	Joining Fee	Annual Fee	Rewards program	Other benefits
Simply Save	₹499	₹499	→ 10x Reward Points on Grocery, Dining,  Departmental stores & Movie spends → 1 reward point per ₹100 spent	→ 1% surcharge waiver on fuel across all petrol pumps → Reversal of annual fee on spending ₹90,000 in a year
Simply Click	₹499	₹499	→ 10x rewards on online spends with Amazon, BookMyShow, Foodpanda, Cleartrip, Lenskart, Zoomcar → 5x rewards for all other online spends → 1 reward point on normal spends	→ Amazon gift card worth ₹500 on joining → 1% surcharge waiver on fuel across all petrol pumps
SBI Prime	₹2999	₹2999	→ 10 Reward Points for every ₹100 on Grocery, Departmental store, Dining and Movie spends	→ Welcome e-gift vouchers worth 3,000 → Quarterly dining voucher of ₹1000 from Pizza Hut → Complimentary Club Vistara Silver Tier Membership and Trident Privilege Red Tier Membership
IRCTC SBI Platinum	₹500	₹300	→ 1 Reward Point for every ₹125 spent on non-fuel purchases	→ 350 activation bonus Reward points on spending ₹500 or more within 45 days of card issuance → Save 1.8% transaction charges, exclusive of GST and all other charges
Air India SBI Platinum	₹1,499	₹1,499	→ Up to 15 Reward Points on every ₹100 spent on Air India tickets	→ Welcome gift of 5,000 Rewards Points → Free membership of the Air India Frequent Flyer program-Flying Returns
Yatra SBI	₹499	₹499	→ 6X Reward Points on every ₹100 spent at Dining, Movies, Entertainment, Departmental and grocery stores, and International spends	→ Yatra.com vouchers worth ₹8,250 → Flat 20% off on Domestic Hotel bookings → ₹1000 off on minimum booking of ₹5,000 & ₹4000 off on minimum booking of ₹40,000 on International Flights → Exclusive access to MasterCard airport lounges in India
Air India SBI Signature	₹4,999	₹4,999	→ Up to 30 Reward Points for every ₹100 spent on Air India tickets → 4 Reward points for every ₹100 spent	→ 20,000 Reward points as a welcome gift → Complimentary membership of the Air India Frequent Flyer program-Flying Returns
STYLEUP Contactless	₹499	₹499	→ 10x Reward Points on your spends at Standalone Fbb, Big Bazaar and Food Bazaar outlets, and on your Dining expenditures	→ Fbb gift voucher worth ₹500 as a welcome gift → 10% discount at Fbb and Big Bazaar outlets
SBI Card ELITE	₹4,999	₹4,999	→ 5x reward points on Grocery, International spends, Dining, and Departmental stores, → Earn 2 Reward Points per ₹100 on all other spends	→ Welcome e-Gift Voucher worth ₹5,000 → Free Movie Tickets worth ₹6,000 every year → Complimentary membership to Club Vistara and Trident privilege program

SBI Credit Card Eligibility Criteria

Although the eligibility criteria for different SBI credit cards can vary depending on the card type, here are the basic requirements that are the same for all SBI cards.

→ Resident of India

→ Valid Bank Account

→ Age should be between 21 and 60 years

→ Good credit score (ideal score is 750+)

→ A regular source of income that can meet the income level of the card applied.

Documents required for SBI credit cards

The documents required to apply for an SBI credit card are:

→ Identity Proof- PAN card, Voter’s ID, DL, Aadhaar Card,

→ Address Proof- any valid document showing the current place of residence

→ Salary slips for the last 3 months

→ ITR’s of last 3 year’s

→ 2 passport-sized photographs

 

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SBI Credit Card Reward Points

SBI credit cards offer a different rewards program for each credit card. Every card is designed as per different spending personality to ensure maximum benefits. The reward points earned then can be collectively used for gift vouchers, fee reversal and more.

Although the rate of the reward of differs for different SBI credit cards, the benefits they provide usually helps the cardholder to save significantly.

How to redeem SBI credit card reward points?

Step-1: Login to SBI Card portal using your customer ID and password.

Step-2: Click on the “Rewards” section and select “Redeem rewards”.

Step-3: Filter the reward points, city, and category.

Step-4: Select the item as per your choice from the “Rewards Catalogue”.

Step-5: Click on Redeem now to confirm.

Points to Consider for SBI Credit Card Reward Points

→ The reward points are valid for a period of 24 months.

→ It generally takes a little time to receive the product you chose against the reward points. In the case of e-vouchers, it takes around 3-10 days and for catalog products, it takes around 15-30 days to get it delivered to your address.

→ While redeeming the points, SBI charges a fee of ₹99 plus GST.

→ If you wish to cancel the order, you can do the same on the same day by 4 pm by contacting the SBI customer care.

You might want to read: Tips and Tricks To Make the Most of Your Credit Card

Although SBI credit cards charge a fee in the form of joining fee and annual fee, it is one of the best credit card providers in India. Moreover, the bank is upfront about its charges and other related information.

If you have any other queries related to SBI credit cards, you can comment below.

 

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