Tuesday, May 30, 2023

Benefits of Having a SBI Credit Card

The State Bank of India (SBI), is one of India’s leading credit card providers. Presently SBI has more than 10 million credit card customers worldwide. As a result, it is now India’s second largest credit card provider. Recently, SBI Card became the first pure play credit card firm to be listed on the Indian stock market. Having offices in over 145 places across India, its credit cards provide accelerated rewards, welcome gifts, movie tickets, as well as complimentary airport lounge access, among other benefits. This public sector bank provides a diverse choice of credit cards, making it simple for users to select the one that best suits their needs. Furthermore, you may transfer the amount of another bank’s credit card to the SBI credit card and pay the dues at a cheaper interest rate. Even EMIs might be used to transfer the amount. 

Features and Benefits

There are numerous benefits that come along with the SBI credit card. Some of those benefits are as follows:

Encash Facility

Do you need extra cash to meet an emergency? Take advantage of SBI Card Encash, which provides you with the finances you require to cover such demands. Simply pay a processing charge of 2% of the loan amount, with a minimum and maximum of INR 499 and INR 3,000, respectively. You must return it over a period of 12, 24, or 36 months. 

Amount Transfer

At a cheaper interest rate, you can transfer the outstanding balance of another bank’s credit card to SBI. On EMI, you can send as little as INR 5,000.


You may use your SBI credit card to make a large purchase and pay it off in equal monthly payments (EMIs). You can convert your purchase into EMIs in any of the following ways. SMS FP to 56767 or you can even log on to the official SBI credit card website and click on Benefits, then navigate to lower interest rates and then on to Flexipay. Another method is by dialing 18601801290 or 39020202 from your registered mobile number. 

Easy Money and Instant Cash Services

The Easy Money service allows you to receive money at your door by cheque, whilst the Instant Cash Service allows you to withdraw cash from ATMs. 

Redemption of Rewards Against Exclusive Presents

You can use your earned rewards to purchase gifts from a variety of online and offline merchant outlets. 

Payment of Outstanding Obligation Using Reward Points

Some SBI credit cards, such as the SimplySAVE SBI Card, allow you to use your reward points to pay off your outstanding balance.

Eligibility Criteria and Documents Required

The eligibility criteria along with the documents that are required to apply for a SBI credit card are as follows:

  • Applicant must be a citizen of India
  • In order to be able to apply for a SBI credit card, you must be at least 18 years old
  • SBI requires excellent credit history, with no loan or credit card defaults in the past. 

Documents Required

The list of the following documents is required to apply for a SBI credit card:

  • A passport-size picture
  • Address proof, such as a passport, ration card, utility bill, or Aadhar card
  • Proof of identification, the applicant must have a PAN card, a passport, and an Adhar card. 
  • Salary slips/certificates for the previous three months/most recent bank statement demonstrating salary credited for at least three months along with the income tax return statements.

Customer Care Service

SBI credit card customer support is available to assist you in a variety of scenarios. If you have misplaced or stolen your credit card. In general, you can contact SBI customer support. If you have a problem with your credit card statement. If you have any further questions about your SBI credit card. Customers can reach SBI’s customer service representatives through phone, SMS, e-mail, or snail mail. You may contact SBI credit card customer support using any of these methods. Furthermore, if your credit card is lost, you can contact the SBI credit card customer support hotline at 39020202. Simply enter your city’s STD code before this SBI credit card customer care number to contact the SBI credit card customer service and get your card blocked right away to avoid fraudulent transactions.

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