How to Apply For An SBI Credit Card Online?
SBI offers a variety of credit cards designed to meet the financial demands of customers. Your credit card eligibility is decided by a number of factors which will be assessed when you apply for an SBI credit card. Let us now learn in detail about the eligibility factors, documents required, online application procedure, and more.
Eligibility Criteria Required To Apply For An SBI Credit Card Online
SBI credit cards are specifically designed to cater to your special needs. Depending on what you want, you must satisfy the specific eligibility criteria. However, there are some common eligibility criteria that applicants must meet. They are as follows:
Age: between 21 to 70 years
Employment status: salaried or self-employed
Income: must have a regular source of income
Credit score: 750 and above
Documents Required For SBI Credit Cards
Following is a list of documents that you must submit along with the completely filled SBI credit card application form:
- Proof of Identity:
- Passport
- Driving license
- PAN card
- Aadhaar card
- Person of Indian origin card
- Overseas Citizen of India card
- Voter’s ID card
- Job card issued by NREGA
- Government-approved photo ID proof
- Letters issued by the UIDAI
- Proof of Address:
- Passport
- Driving license
- Aadhaar card
- Voter’s ID card
- Utility bill not older than 3 months
- Ration card
- Property registration document
- Job card issued by NREGA
- Any other address proof approved by the government.
- Proof of Income:
- Latest salary slips for two months (not more than 3 months old).
- Latest bank statement (not more than 3 months old).
- ITR with audited financials and computation of income.
Fees and Charges For SBI Credit Card
| Joining or Annual Fees | Varies from card to card |
| Cash Advance Fees | 2.5% of the amount withdrawn or Rs. 500, whichever is greater will be charged at domestic and international ATMs. |
| Finance Charges | Up to 3.50% per month or 42% per annum |
| Late Payment Charges | Rs. 0 to Rs. 500: Nil
Rs. 501 to Rs. 1000: Rs. 400 Rs. 1001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 950 Rs. 25, 001 to Rs. 50,000: Rs. 1,100 Rs. 50,001 and above: Rs. 1,300 |
| Cash Payment Fee | Rs. 250 plus GST |
You must pay an additional late payment fee of Rs. 100 if you have missed paying the minimum amount due by the due date. You have to continuously pay this charge for the next 2 payment cycles until you clear off the minimum amount due.
How To Apply For An SBI Credit Card Online?
Step 1: Visit the official website of SBIcard
Step 2: Select the card from the options.
Step 3: Click on Apply Now and fill in E-apply for the online application form.
Step 4: Input your personal details and verify your phone number.
Step 5: Click ‘Submit’
You will instantly get a decision on your application based on the details provided. If your application is approved, then the SBI card will contact you for verification.
How to Track The Status of Your Credit Card Application?
After you apply for the SBI credit card, you can check the application status from the comfort of your home. You can check the status using the track application widget from the home page or from the Eapply page (i.e. online application page).
- Enter the application no: or reference no: that you received when you applied for a card.
- Click on the track button to verify the status of your SBI card application.
Why Your Credit Card Application Could Be Rejected?
According to SBI card, rejection of a credit card application could occur for a variety of reasons as follows:
- Absence of necessary data or documents: if you fail to submit necessary documents, then your credit card application could be rejected.
- Credit Score: If your credit score is less, then there are less chances that your credit card will be approved. The higher the credit score, the better the chances.
- Low income: If your income is lower than the expectations set, then your application is likely to be rejected.
- Age-based eligibility: If you are below the age of 21, it is unlikely that your card will be approved.
Features and Benefits of SBI Credit Card
The uses of SBI credit cards are multipurpose:
- Easy utility bill payments
- Rewards points on groceries, departmental stores, movies, and dining.
- Value back benefits on fuel purchases at BPCL petrol pumps.
- Enjoy complimentary Trident Privilege Red Tier Membership.
- All around protection in the event of card loss, fraud, or theft.
- Insures you against uncertain events.
- Complimentary domestic and international lounge access every calendar year
- Transfer outstanding amounts from other credit cards to your SBI card at a reduced interest rate.
- The Flexipay option enables you to repay via easy EMIs
- The SBI Encash option gives you quick access to funds.
- Contactless payment option
- Easy Access to Credit Card Information
How Do I Upgrade To A New Credit Card? Do I Have To Apply For It Again?
- You can upgrade to a new credit card if you are eligible
- After logging in, you will see a ‘Card Upgrade’ option under the ‘Benefits’ section if you are eligible for the card upgrade offer.
- A recommended card will be shown. You can upgrade to it. The card features, benefits, fees, and charges will be displayed.
- Follow the steps given for the card upgrade and submit the request to upgrade.
How Do You Apply for An Add-On Credit Card?
- You can apply for an Add-on card when applying online for your SBI Card.
- Also, you can apply for an Add-on card by logging to your SBI credit card online account in 3 simple steps:
- Login to your account on the website or mobile app
- Go to Services tab > Add-on Card
- Fill in the application form and submit the KYC documents
- Your Add-on Card will be given after verifying the submitted KYC documents.
Conclusion
The processes given above will help you to apply for an SBI credit card, add-on-card, and upgrade to a new card online. Before you apply for an SBI credit card, know more about them on creditmantri website.