SBI Credit Card

SBI Bank Credit Card Benefits and Features

While each SBI credit card offers unique features, here’s a general overview of benefits you can expect from an SBI Credit Card:

1. Welcome Benefits – Upon joining, you’ll receive welcome perks which may include points, accelerated cashback, complimentary prime memberships, or other rewards. Some cards may require you to spend a minimum amount within a certain period to unlock these benefits, while others offer them without any spending requirements.

2. Reward Points/Cashback – Many SBI credit cards offer reward points (RPs) or cashback on your purchases. These rewards vary by category and card type, but they provide value for each transaction.

3. Milestone Benefits – Earn milestone rewards by reaching specified spending thresholds. For example, you might receive 10,000 bonus RPs for spending Rs. 2 lakhs or more in a year. These rewards can be in the form of points, gift vouchers, or other incentives.

4. Travel Benefits – SBI offers travel-centric credit cards with perks like complimentary air tickets, airport lounge access, and free memberships to airline programs, making them ideal for frequent travelers.

5. Entertainment Benefits – Enjoy perks like complimentary movie tickets, discounts on BookMyShow, and significant savings on dining and catering to your entertainment needs.

6. Other Benefits – Additional privileges may include golf benefits, insurance coverage, fuel surcharge waivers, zero liability protection, and spend-based annual fee waivers.

SBI Bank Credit Card Rewards and Cashback

All SBI Credit Cards reward you with points or cashback on all your spending. The reward rate varies by card and spending category. Here’s a summary of the reward rates for some of the best SBI Credit Cards:

Card Name	Rewards
SBI Card ELITE	➡ 10 Reward Points per Rs. 100 spent on dining, groceries, and departmental stores. ➡ 2 Reward Points per Rs. 100 spent on all other purchases.
SBI Card PRIME	➡ 20 Reward Points per Rs. 100 spent on utility bill payments. ➡10 Reward Points per Rs. 100 spent on groceries, dining, and departmental stores. ➡2 Reward Points per Rs. 100 spent on all other retail purchases.
Paytm SBI Card SELECT	➡5% cashback on movies, travel, and Paytm Mall through the Paytm App. ➡2% cashback on any other spends on the Paytm app. ➡1% cashback on all other online/offline purchases.
SimplySAVE SBI Credit Card	➡10 Reward Points per Rs. 100 spent on movies, dining, departmental stores, and groceries. ➡1 Reward Point per Rs. 100 spent on all other purchases.
SimplyCLICK SBI Credit Card	➡10 Reward Points per Rs. 100 spent online on Amazon, BookMyShow, UrbanClap, Lenskart, and Cleartrip. ➡5 Reward Points per Rs. 100 spent on other online purchases. ➡1 Reward Point per Rs. 100 spent on all other purchases.
BPCL SBI Card OCTANE	➡25 Reward Points per Rs. 100 spent on BPCL fuel stations, Bharat Gas, and Lubricants. ➡10 Reward Points per Rs. 100 spent on movies, groceries, dining, and departmental stores. ➡1 Reward Point per Rs. 100 spent on all other purchases.
IRCTC SBI Card Premier	➡3 Reward Points per Rs. 125 spent on utility bills and dining. ➡1 Reward Point per Rs. 125 spent on all other retail purchases.
Club Vistara SBI Card PRIME	➡4 Club Vistara Points per Rs. 200 spent on retail purchases.
Etihad Guest SBI Premier Card	➡6 Etihad Guest Miles per Rs. 100 spent on Etihad.com. ➡4 Etihad Guest Miles per Rs. 100 spent on international purchases. ➡2 Etihad Guest Miles per Rs. 100 spent on all other purchases.
Air India SBI Signature Card	4 Reward Points per Rs. 100 spent on all purchases.
Cashback SBI Card	➡5% cashback on online transactions. ➡1% cashback on offline and utility bill spends.

How To Earn and Redeem SBI Bank Credit Card Reward Points?

State Bank of India’s rewards credit cards let you earn points on almost all spends, with accelerated points in select categories. To maximise benefits, choose a card that rewards your frequent spending categories. Bonus points can be earned through welcome offers and milestones. 

Redeem points for flights, hotels, shopping, and more at 1 RP = Rs. 0.25 via the SBI Card website. Club Vistara, Air India, and Etihad Guest points have specific redemption processes. Be mindful of redemption fees and expiry dates.

How to Redeem SBI Credit Card Reward Points

Redeem Points via the SBI Website:

• Step 1:  Log into https://www.sbicard.com
• Step 2: Select ‘Rewards’ and then ‘Redeem Rewards.’
• Step 3: Browse the Rewards Catalogue and select your desired items.
• Step 4: Click ‘Redeem now’ and confirm your selection.

Redeem Points through the SBI Mobile App:

• Step 1: Log in to the SBI mobile app.
• Step 2: Tap on ‘Rewards’ from the menu and choose ‘Redeem Rewards.’
• Step 3: Browse the Rewards Catalogue and pick your reward items.
• Step 4: Tap ‘Redeem’ and confirm your choice.

SBI Credit Card Eligibility Criteria

To get approved for an SBI Credit Card, you need to meet these basic eligibility requirements:

• Salaried employees should be 18-65 years old.
•  Self-employed individuals should be 21-60 years old.
•  Applicants must have a stable income (income requirements vary by card).
•  Applicants should have a good credit history.

Documents Required For SBI Credit Card

You need the following documents to apply for an SBI Credit Card. You must have one identity proof, one address proof, and one proof of income.

Identity Proof	Address Proof
PAN card	Voter ID
Aadhaar card	Passport
voter card	Utility bills
passport	Aadhaar Card
Driver’s license	Driving Licence
–	Rent agreement
–	Municipal or property tax receipt
–	House allotment letter from the central or state government

Income Proof:

• For salaried employees: Latest salary slip
•  For self-employed individuals: Latest ITR (Income Tax Return) / Form 16

SBI Credit Card Annual Fees and Charges

Different SBI Credit Cards are designed for different individuals and come with varying annual fees. Premium cards with higher annual fees offer more benefits, while basic cards with lower fees offer fewer benefits.

1. SBI Card ELITE	➡ Annual fee: Rs. 4,999 ➡ Renewal fee waived if you spend Rs. 10,00,000 or more within the card anniversary year.
2. SBI Card PRIME	➡ Annual fee: Rs. 2,999  ➡ Renewal fee waived if you spend Rs. 3,00,000 or more
3. Paytm SBI Card SELECT	➡ Annual fee: Rs. 1,499 ➡ No renewal fee waiver
4. SimplySAVE SBI Credit Card	➡ Annual fee: Rs. 499  ➡ Renewal fee waived if you spend Rs. 1,00,000 or more
5. SimplyCLICK SBI Credit Card	➡ Annual fee: Rs. 499 ➡ Renewal fee waived if you spend Rs. 1,00,000 or more
6. 6. BPCL SBI Card OCTANE	➡ Annual fee: Rs. 1,499  ➡ Renewal fee waived if you spend Rs. 2,00,000 or more
7. IRCTC SBI Card Premier	➡ Annual fee: Rs. 1,499 ➡  Renewal fee waived if you spend Rs. 2,00,000 or more
8. Club Vistara SBI Card PRIME	➡ Annual fee: Rs. 2,999 ➡ No renewal fee waiver
9. Etihad Guest SBI Premier Card	➡ Annual fee: Rs. 4,999 ➡ Renewal fee waived if you spend Rs. 5,00,000 or more
10. Air India SBI Signature Card	➡ Annual fee: Rs. 4,999 ➡ No renewal fee waiver
11. Cashback SBI Card	➡ Annual fee: Rs. 999 ➡ Renewal fee waived if you spend Rs. 2,00,000 or more

Other Fees & Charges

In addition to the annual fee, SBI Credit Cards have various other charges, including:

• Interest Rate: 3.5% per month on all cards.
•  Cash Advance Charges: 2.5% of the withdrawn amount, with a minimum of Rs. 300.
• Foreign Currency Markup Fee: 1.99% on SBI Card Elite and 3.5% on all other cards.

How to Apply for an SBI Credit Card?

It’s easy to apply for an SBI credit card online or in person. Here is a brief how-to:

• Visit the SBI Card Website: Go to the SBI Card’s official website.
• Click ‘Apply’: Find and click on the ‘Apply’ button.
• Choose Your Credit Card: Pick the credit card you want and click ‘Apply Now.’
• Fill Out the Form: Complete the online application form, double-check your details, and submit.

If you need help applying online or offline, you can call the SBI Credit Cards helpline at 39 02 02 02 (add your city’s STD code). Also, make sure to check what you need to be eligible and the credit score needed.

How To Activate SBI Credit Cards?

Activating your HDFC Credit Card is simple and can be done through various methods:

1. Through Net Banking

To activate your SBI Credit Card through Net Banking, you need to be registered with SBI Card’s Net Banking facility. You can register by visiting the SBI Card website. First-time users can register by clicking on ‘First time user?’. After logging in, follow these steps:

• Step 1 : Login to your SBI Card account.
• Step 2: Enter your credentials (Login ID and Password).
• Step 3: Navigate to the ‘Requests’ tab and select the ‘Card Activation’ option.
• Step 4: If you have multiple credit cards, select the card number from the drop-down box.
• Step 5: Click on the ‘Activate’ button to authorise the activation

2. Through Mobile Banking

To activate your SBI Credit Card through mobile banking, follow these steps:

• Step 1: Install the SBI Application.
• Step 2: If you do not have a User ID and Password, click on ‘First time user/Sign-Up’ and follow the steps to set them up.
• Step 3: If you have a User ID and Password, log in to the app. You will receive an OTP on your registered mobile number and email address.
• Step 4: Enter the OTP, set a device name, and click on proceed.
• Step 5: Set an M-PIN and enable touch ID.
• Step 6: Go to the ‘Requests’ tab and select ‘Card Activation’.
• Step 7: Select the card number and click on ‘Activate’.

3. Through Email

You can also activate your SBI Credit Card via email:

•  Step 1: Login to your SBI Card account.
• Step 2: Click on the email option under ‘Contact Us’.
• Step 3: Mention your card numbers and request card activation.
• Step 4: The response will be available on your SBI Card account as well as your registered email address.

SBI Credit Cards Login/Net Banking

SBI, India’s largest public bank, offers highly sought-after credit cards. Using your SBI credit card effectively involves accessing the online services offered by SBI, which requires registering your card for net banking services. Here’s how to do it:

Net Banking

• Step 1: Visit http://www.sbicard.com 
• Step 2: Click on the ‘New User? Register Now’ option under the ‘Login’ button.
• Step 3: You will be redirected to a new webpage.
• Step 4: Provide your credit card number, CVV number, and date of birth.
• Step 5: Click on the ‘Proceed’ button.
• Step 6: Enter the One Time Password (OTP) sent to your registered mobile number and email address, then click ‘Proceed’
• Step 7: Choose a unique User ID and Password for your SBI Credit Card.
• Step 8: Click on the ‘Confirm’ button.
• Step 9: Once registration is complete, you can access the SBI Credit Card Net Banking service.

Logging into SBI Credit Card Net Banking

After registering for SBI Credit Card Net Banking, you can log in by following these steps:

• Step 1: Visit SBI Credit Card Login at https://www.sbicard.com/creditcards/app/user/login
• Step 2: Provide your User ID and Password.
• Step 3: Click ‘Login’

Logging into SBI Credit Card Net Banking through Mobile Number

To log in using your mobile number:

• Step 1: Enter your registered mobile number in the required field.
• Step 2: Enter your card PIN.
• Step 3: Enter the OTP sent to your mobile number to log in.

Logging into SBI Credit Card Net Banking through Card Number

To log in using your card number:

• Step 1: Enter the details of your primary card number.
• Step 2: Enter your date of birth.
• Step 3: Enter the OTP received on your registered mobile number to log in.

Checking Your SBI Credit Card Application Status

• Track Your Status Online: If you’ve applied for an SBI credit card, you can check your application status at SBI’s track-retrieve-form by entering your application number.
• Call Customer Care: You can also contact SBI credit card customer care to get updates on your application.

How To Compare SBI Credit Cards & Choose The Best One?

1. Variety of Cards: SBI, being one of the leading credit card issuers, offers an extensive array of credit cards tailored to meet diverse consumer needs and preferences. These cards span various categories, ranging from entry-level cards with basic features to high-end premium cards laden with exclusive benefits.

2. Purpose-driven Selection: Before diving into the application process, it’s essential to introspect and identify the specific purpose behind obtaining a credit card. Understanding your financial objectives and spending patterns is crucial in determining which card type suits you best. Whether you’re looking to build your credit history, earn rewards on everyday purchases, or indulge in luxury perks, SBI has a card tailored to your needs.

3. Analysis: Once you’ve pinpointed your requirements, the next step involves thorough research and comparison. Evaluate the features, benefits, fees, and charges associated with each SBI Credit Card option. Scrutinise factors such as reward points structure, cashback offers, annual fees, introductory APRs, and any additional perks like travel insurance or airport lounge access.

4. Informed Decision-making: Armed with comprehensive knowledge about the available options, embark on the decision-making process with confidence. While it may entail investing some time and effort into careful consideration and perhaps even some number-crunching, the payoff is worth it. By selecting the right SBI Credit Card, you’re not only optimising your financial management but also maximising the benefits and savings potential that come with it.

Conclusion

In conclusion, SBI offers a diverse range of credit cards tailored to various lifestyles and preferences. By analysing your spending habits and comparing the features, fees, and benefits of different SBI Credit Cards, you can make an informed decision that aligns with your financial goals. 
Whether you’re seeking to build credit, earn rewards, or enjoy luxury perks, there’s a suitable option available. Investing time in thorough research and evaluation ensures that you select the best SBI Credit Card for your needs, ultimately enabling you to maximise savings and enhance your overall financial well-being.

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