<p>The policy announcements by the Government to move India towards cashless or less cash economy has become a clarion call to all its citizens to explore new ways of using card based, digital and e-payment pathways to pay for expenses and bills. In this piece <strong>MyMoneyMantra</strong> explores how one can acquire a credit card and how credit cards for&nbsp;self employed professionals can make day to day individual transactions easier and convenient.</p><p>Credit Cards have been among the initial non cash based payment systems, which has not only survived among the many electronic payment choices, but in some has remained resilient despite growing competition from e-payment options. Traditionally, salaried professionals opted for Credit Card<strong>s</strong>, as compared to self employed professionals using credit cards. Salaried employees find it relatively easy to acquire credit cards owning to established income stream. Moreover, credit cards have remained attractive for salaried professionals, due to benefits that accrue by way of direct and cross rewards, offers, convenience and ability to track expenses. While it has been generally easier for salaried employees to <strong>Get a Credit Card</strong>, small businesses and self employed could try acquiring Credit Cards for individual non-cash payments.</p><p>Despite the advent and growth of debit cards, which is linked to ones savings account, credit cards have thrived given the availability of flexible payment cushion (typically ranging between 30 – 45 days cycle), interesting rewards and various attractive offers. Usually Credit cards are used extensively for travel, shopping, eating out and entertainment, drawing cash, emergency and also during international travel, among others.</p><p>Among the different ways for Self Employed to<strong> </strong><a href="https://www.mymoneymantra.com/credit-cards"><strong>Apply for a Credit Card</strong></a>, a few alternatives are listed below for ease of references</p><figure class="image"><img src="https://d1lt2ralzv8247.cloudfront.net/credit_cards_1_4c8035f53d.jpg" alt="Best Offers on Credit Cards Online" srcset="https://d1lt2ralzv8247.cloudfront.net/credit_cards_1_4c8035f53d.jpg 868w, https://www.mymoneymantra.com/blog/wp-content/uploads/2018/04/credit-cards-1-300x35.jpg 300w, https://www.mymoneymantra.com/blog/wp-content/uploads/2018/04/credit-cards-1-768x88.jpg 768w" sizes="100vw"></figure><h2><strong>Card to Card</strong></h2><p>Though the norms and offers on “Card to Card” schemes, vary from bank to bank, one of the methods is when a self employed professional leverages an existing credit card relationship to get another one. This is known in industry terms as “Card to Card”. Typically the eligibility criteria for such schemes is that the holder must have had an existing Credit Card for at-least 6 months, with a credit limit of at-least 40,000, ideally with more than 20% of the credit limit being available at any given time, apart from having a good credit rating score. Needless to add, that these are indicative eligibility criterion and conditions vary from bank to bank.</p><h2><strong>Income Based</strong></h2><p>The other method could be, to submit a fresh application for a new Credit Card. Though such schemes again vary from bank to bank, typical eligibility criterion, for such Credit Card for self employed applications requires such professionals to have filed yearly Income Tax Returns (ITR) for annual individual income of 5 lacs or above apart from having a good credit rating score.</p><h2><strong>Loyalty Programmes / Co-branded</strong></h2><p>When a standalone application for new Credit Cards does not go through, self employed professionals could use another route, using loyalty card program, which can demonstrate their expense patterns and thus enable a co-branded card application. Usually consistent spenders in shopping malls, retail stores, entertainment venues stand out as potential card customers over time.</p><h2><strong>Based on Existing Banking Relationship</strong></h2><p>Sometimes, an existing strong individual banking history for a self employed customer or a small business may pave the way for getting a Credit Card from that bank. This could either be offered proactively by the bank to provide value add to its own customer or at other times, such cards are usually offered on the back of high levels of deposits and investments. The details of such schemes /offers vary from bank to bank.</p><p>However, applying for a credit card by a self employed is only one side of the story. It is important also to understand some key issues as below, given the unique characteristics of this payment instrument:</p><ul><li>There are several types of cards and it may be better to understand ones spending pattern between various channels – such as shopping, fuel and travel, before applying for a card in that category</li><li>Whether one should take a fee or no fee card as usually the latter has a lower rewards multiplier</li><li>What is the kind fee structure being charged – understand the amount of joining and thereafter annual renewal fees</li><li>What kind of interest charges are applicable on unpaid amounts on the credit card (typically seen to be between 36-42%, but vary from bank to bank)</li><li>What type of EMI facilities are on offer by the banks on large purchases</li></ul><p>Even though a credit card can be a versatile e payment tool for self-employed professionals, one should be aware of its shortcomings as well. Unpaid expenses on credit cards are usually charged at extremely high rates of interest on the unpaid balance, which could end up escalating an individual’s credit burden. In the end, traditional best practices of financial prudence and avoiding over leveraging of credit cards or loans should remain the guiding line for self employed customers looking to acquire such products and effectively use such payment instruments to reach their desired individual financial and spending goals..</p><p><strong>Also Read:&nbsp;</strong><a href="https://www.mymoneymantra.com/blog/6-factors-that-affect-your-credit-score-points"><strong>6 Factors That Affect Your Credit Score Points</strong></a></p><p>To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit <a href="https://www.mymoneymantra.com/"><strong>www.mymoneymantra.com</strong></a>, the leading online lending marketplace that offers financial products from 100+ Banks and NBFCs. We have served 4 million+ happy customers since 1989.&nbsp;</p><figure class="image"><img src="https://d1lt2ralzv8247.cloudfront.net/Credit_Card_61a1913728.png" alt="Credit Card"></figure><p>.</p>

<p>The policy announcements by the Government to move India towards cashless or less cash economy has become a clarion call to all its citizens to explore new ways of using card based, digital and e-payment pathways to pay for expenses and bills.</p> <div class='addtoany_share_save_container addtoany_content_bottom'><div class='a2a_kit a2a_kit_size_32 addtoany_list' data-a2a-url='https://www.mymoneymantra.com/blog/credit-cards-for-self-employed-things-to-consider/' data-a2a-title='Credit Cards for Self-Employed-Things to Consider'><a class='a2a_button_facebook' href='https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='Facebook' rel='nofollow' target='_blank'></a><a class='a2a_button_twitter' href='https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='Twitter' rel='nofollow' target='_blank'></a><a class='a2a_button_linkedin' href='https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='LinkedIn' rel='nofollow' target='_blank'></a><a class='a2a_button_whatsapp' href='https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='WhatsApp' rel='nofollow' target='_blank'></a><a class='a2a_button_wechat' href='https://www.addtoany.com/add_to/wechat?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='WeChat' rel='nofollow' target='_blank'></a><a class='a2a_button_pinterest' href='https://www.addtoany.com/add_to/pinterest?linkurl=https%3A%2F%2Fwww.mymoneymantra.com%2Fblog%2Fcredit-cards-for-self-employed-things-to-consider%2F&amp;linkname=Credit%20Cards%20for%20Self-Employed-Things%20to%20Consider' title='Pinterest' rel='nofollow' target='_blank'></a></div></div>

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Credit Cards for Self Employed person. Check your eligibility and follow the steps to improve your Credit Card Eligibility and get instant approval.

Credit card for self employed, Tips to get Instant Approval

<p>Director - MyMoneyMantra Fintech&nbsp;</p>

Aparna Sharma

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<h2><strong>How to Activate SBI Credit Card? – All You Need to Know</strong></h2><p>The State bank of India is one of the most reputed banks globally that provides safe and efficient services to customers. They have an unparalleled system when it comes to providing smooth customer services, easy banking methods, and overall customer satisfaction across the country.</p><p>The State bank of India also offers a range of credit cards such as premium cards and basic cards. If you have already applied for one, after you receive it, you will need to activate it before you start to use it.</p><p>If you are looking forward to enjoying SBI credit card services and are wondering how to activate SBI credit card, we have got you covered.</p><p>Here is all that you must know regarding activating your SBI credit card, several ways to do it, and other queries that you might have.</p><h2>How to Activate your SBI Card Online?</h2><p>If you prefer easy and instant methods, online ways are the best options for you if you are thinking of how to activate an SBI credit card for<strong> </strong>online<strong> </strong>transactions.</p><ol><li>&nbsp;The first and the most convenient way for you to follow his net banking. If you want to go for a hassle-free and instant method to activate your SBI credit card through net banking, first, you need to make sure that you have registered with the SBI cards net banking facility. It is an easy method that you can follow and instantly activate your credit card without any complexities.</li><li>&nbsp;Another way that you can follow if you are looking for online methods is to choose mobile banking services to activate your SBI credit card. It is also an easy and hassle-free service that you can follow to activate your credit card instantly. You can follow the mobile banking method without the internet, which makes it one of the most feasible methods to follow. Most banks, including the SBI, have launched an app that you can install on your smartphone to activate your credit card instantly.</li><li>&nbsp;Another method that you can choose to activate your SBI credit card using online methods is using your email. Customers of the State bank of India get their credit card activated through email in a hassle-free manner. Just log in to your SBI card account and click on the email option under the contact us section. Put in your credit card details and request for card activation. They will verify your details and activate your SBI credit card as soon as possible.</li></ol><p>Take a look at the detailed steps that you need to follow to use the online methods.</p><h2>How to Activate SBI Credit Card through Netbanking?</h2><p>To activate your ICICI credit card via net banking, you need to follow the following steps:</p><ul><li>If you are a first-time user, you will need to register yourself before you move further with the activation of your SBI credit card.</li><li>After registering, she will be asked to generate a PIN for the first time.</li><li>Visit the SBI bank portal online and log in with your credentials. Select the credit card option that will appear on your screen.</li><li>Put your credit card number correctly, along with the one-time password that you received on your phone.</li><li>Again, you will be asked to put your password and your OTP before successfully activating your SBI credit card.</li><li>If you have already registered for some time, you will not need to re-register to activate your card. You will need to put your credentials to log in to your account. Put your credit card pin and your credit card number properly.</li><li>Make sure you put your registered mobile number that is linked to your bank account to avoid complexities. Check your details twice before hitting the submit button.</li></ul><p>If you are thinking about how to activate SBI credit card online, net banking would be the most feasible option to go for.</p><h2>How to Activate SBI Bank Credit Card through Mobile Banking?</h2><p>If you want to go for the mobile banking procedure to activate your SBI bank credit card, follow these easy steps to do the same.</p><ul><li>&nbsp;If you are wondering how to activate an SBI credit card using mobile banking, first, you need to install the SBI application on your phone.</li><li>If the app is already installed, log in to your account. If you are a first-time user, create a user ID and password to log in to your account.</li><li>After logging in, you will receive an OTP on your mobile number registered to your bank account.</li><li>Enter that OTP and click on the proceed button for further steps.</li><li>You have to set an M pin and enable touch ID to activate your credit card.</li><li>Go to the requests tab on the application and select the card activation option. You will be asked to put your card details once again. Crosscheck the details along with your mobile number and email address properly before hitting the activate button.</li></ul><h2>How to Activate SBI Credit Card Offline?</h2><p>If you do not want to explore the<strong> </strong>online methods, including mobile banking and net banking methods, there are several offline methods that you can use to activate your SBI credit card.</p><ol><li>&nbsp;The most feasible offline method for You would be to activate your credit card using the ATM. It is easy, convenient, and hassle-free, so it is one of the most preferred methods by many users.</li><li>&nbsp;If you want to avoid all the previously mentioned methods, you can take the help of the customer services of SBI bank to activate your SBI credit card safely.</li><li>&nbsp;A simple offline method that you can follow to change your SBI credit card pin is SMS. Once you register yourself for the first time, you are asked to change the pin for security purposes. To change your SBI credit card pin via SMS, send an SMS from your registered mobile number to 567676. Please type in your credit card number's last four digits and send it after cross checking everything.</li></ol><p>&nbsp;If you are a first-time user wondering how to activate an SBI credit card safely following offline methods, the methods are in a detailed version.</p><h2>How to Activate SBI Credit Card through ATM?</h2><p>Follow these steps to activate your credit cards through ATM:</p><ul><li>&nbsp;Visit your nearest SBI ATM.</li><li>Slide your card into the machine and choose your preferred language for further steps.</li><li>You will have to create a new ATM pin using a one-time password. Put your OTP that you received on your registered mobile number.</li><li>You must enter your mobile number for verification. After the verification, you will receive a four-digit pin of your choice that will be used in the future as your SBI credit card pin.</li><li>Confirm your pin by retyping it and click on the submit button when you are done.</li></ul><p>After following these steps properly, an SMS update will be sent to your registered mobile number by the bank.</p><h2>How to Activate SBI Credit Card via Customer Care?</h2><p>If you are wondering how to active SBI credit card<strong> </strong>and want to avoid mobile banking, net banking, and ATM methods, customer care is the best option that you should go for. It is a completely safe, secured, and feasible process for anyone who is a first-time user.</p><p>To get your SBI credit card activated through customer care services, you must call their toll-free number 1800 180 1290.</p><p>You need to follow the interactive voice response that will be provided to you by the bank. They will ask for your credit card details along with your mobile number and email address for verification purposes. After the verification, they will provide you with the further steps you will need to follow to activate your SBI credit card.</p><h3>FAQs</h3><h4>✅1. Can I change my SBI credit card details using an ATM?</h4><p>Ans: If you want to change your credit card details using an ATM, visit the ATM, put your existing credit card pin, and click on the change pin option.</p><h4>✅2. What is likely to happen if I lose my SBI credit card?</h4><p>Ans: If you happen to lose your SBI credit card for some reason, contact the bank's customer care as soon as possible at 1800112211/ 18004253800. You can also send an SMS with the word SBI to 567676.</p><h4>✅3. What happens if my SBI credit card is not activated even after following all steps correctly?</h4><p>Ans: Contact the bank or call their toll-free number/to send an SMS at the earliest.</p><h4>✅4. What is the easiest way to change my SBI credit card pin?</h4><p>Ans: To change your SBI credit card pin quickly, send an SMS to 567676 with the last four digits of your credit card number. You can also visit your nearest ATM to do the same.</p>

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How to Activate SBI Credit Card? through Online, SMS, or in ATM– step by step process All You Need to Know.

How to Activate SBI Credit Card? Online, SMS, or in ATM

<p>Omni Channel Content Specialist| enthusiastic personal finance writer | Top50 CM professional by WMC, CMO</p>

Reshma Rawat

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<p>Finance Writer: Expert in Loans &amp; Credit Cards</p>

<p>The State bank of India is one of the most reputed banks globally that provides safe and efficient services to customers.&nbsp;</p>

<h2>Credit Card Cash Withdrawal - Things You Need to Know</h2><p>Credit Card Cash Withdrawal simply means withdrawal of cash from an ATM via your Credit Card. It is the very costliest means of borrowing money which is also known as a Cash advance or Short term loan. It helps in getting instant liquid cash to the cardholders in case of a real emergency. In this facility, you do not require any bank approval nor any documentation.&nbsp;</p><h2>Table of Content:</h2><ol><li>Intro</li><li>What is Credit Card Cash Withdrawal?</li><li>Credit Card Cash Withdrawal Limit</li><li>Credit Card Cash Withdrawal Charges</li><li>Top 5 Bank Credit Card Cash Withdrawal Charges</li><li>How to Withdraw Cash Using a Credit Card?</li><li>Pros &amp; Cons of Credit Card Cash Withdrawal</li><li>Difference Between Credit Card Cash Advance Limit &amp; Credit Limit</li><li>What is the Credit Card Cash Withdrawal Interest Charges?</li><li>FAQs</li></ol><h2><strong>What is Credit Card Cash Withdrawal?</strong></h2><p>Credit card cash withdrawal allows credit card users to withdraw cash from ATMs with the help of their credit cards. It is an additional feature offered by a bank. The cardholders are able to withdraw cash but within the permissible limit. But, the cardholders are required to repay the same along with the interest &amp; other charges.&nbsp;</p><p>Credit cardholders must be aware of the fact that the feature of credit card cash withdrawal is not available on all credit cards, and the permissible limit to withdraw cash &amp; the finance charges may also differ in the case of different banks.</p><h2><strong>Credit Card Cash Withdrawal Limit</strong></h2><p>Credit Card cash withdrawal limit allows credit card users to withdraw cash within the permissible limit using their credit cards from their bank’s ATM.</p><p>Bank allows a particular credit card cash withdrawal limit which normally ranges between 20% to 40% of the total limit out of the total card limit.</p><p>The credit&nbsp;limit of the card&nbsp;is the maximum amount one can spend using the credit card, whereas cash advance limit is the maximum amount of cash one can withdraw using the credit card.</p><figure class="table"><table><tbody><tr><td><i>For example, if I have a credit card that has a credit limit of Rs.2 lakh, then, in that case, I am eligible for a cash withdrawal limit of Rs. 40,000 to Rs. 80,000. So, I would be able to use the remaining amount on the credit card for other card transactions.</i></td></tr></tbody></table></figure><h2><strong>Credit Card Cash Withdrawal Charges</strong></h2><p>On every cash withdrawal transaction which is being made using a credit card, Credit Card Cash Advance Fees is levied. Whenever you use a credit card to withdraw cash, a small percentage of the amount withdrawn will be charged, which is considered as Cash Advance Fees.</p><p>Generally, banks charge about&nbsp;2.5% to 3%<strong>&nbsp;</strong>of the amount withdrawn subject to a minimum fee of Rs.300 to Rs.500 as a credit card cash advance fee.&nbsp;</p><p>This advance fee will be reflected in next month's Credit Card statement. It should also be considered that interest charges are also being attracted at a rate similar to what is charged on the amount withdrawn.</p><p>Also, if you make multiple cash advance transactions, every transaction would attract cash advance fees depending upon the amount withdrawn.</p><h2><strong>Top 5 Bank Credit Card Cash Withdrawal Charges</strong></h2><p>Below mention are the fees charged on a cash advance by Top 5 banks on Top 5 cards:</p><figure class="table"><table><tbody><tr><td><strong>Credit Cards</strong></td><td><strong>Cash Advance Fee</strong></td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/sbi/elite-credit-card"><strong>SBI Card Elite</strong></a></td><td><p>At Domestic ATMs- 2.5% of the transaction amount, subject to a minimum of Rs. 300</p><p>At International ATMs- 3% of the transaction amount, subject to a minimum of Rs. 300</p></td></tr><tr><td><strong>HDFC Regalia Credit Card</strong></td><td>2.5% of the transaction amount, subject to a minimum of Rs. 500</td></tr><tr><td><strong>Citi PremierMiles Credit Card</strong></td><td>2.5% on the billed amount withdrawn, subject to a minimum of Rs. 500</td></tr><tr><td><strong>American Express Platinum Reserve Credit Card</strong></td><td>3.5% of the Cash Advance amount, subject&nbsp;to&nbsp;a minimum of Rs. 250</td></tr><tr><td><a href="https://www.mymoneymantra.com/mmm/hsbc-visa-platinum-credit-card.html"><strong>HSBC Visa Platinum Credit Card</strong></a></td><td>2.5% on the billed amount withdrawn, subject to a minimum of Rs. 300</td></tr></tbody></table></figure><h2><strong>How to Withdraw Cash Using a Credit Card?</strong></h2><p>Withdrawal of cash using a Credit card is similar to that using a Debit card. One just needs to visit the nearest ATM Kiosk and then follow instructions as displayed on the screen to withdraw the money. Cash can be withdrawn any from any ATM irrespective of the credit card issuing bank.</p><p>But, some banks do charge cash advance fees for withdrawing cash from other bank's ATMs. Also, some banks keep capping on maximum &amp; minimum cash that can be withdrawn per transaction or per day.</p><p>So, before availing of the cash advance facility, one should be aware of the Terms &amp; Conditions, which are applicable on the card, along with the fees &amp; charges. In order to prevent using the card beyond its limit, it is important to know the cash limit available on the card in case the card limit is exceeded, and the bank will charge an over-limit fee along with the finance charges.</p><h2><strong>Pros &amp; Cons of Credit Card Cash Withdrawal</strong></h2><figure class="table"><table><tbody><tr><td><strong>Pros</strong></td><td><strong>Cons</strong></td></tr><tr><td>No Documentation of Approval required</td><td>Interest will be charged from the date of transaction till the payment is made in full.</td></tr><tr><td>Provides Immediate Cash as ATMs are accessible 24X7</td><td>A cash advance fee will be levied on every transaction</td></tr><tr><td>Access to flexible limits</td><td>Transactions&nbsp;involving&nbsp;cash advances are not eligible for any&nbsp;credit card reward points.</td></tr></tbody></table></figure><h2><strong>Difference Between a Credit Limit &amp; Credit Card Cash Advance Limit</strong></h2><p>By credit limit, we mean the maximum amount that can be spent on a particular credit card; like ways by cash limit, we mean maximum cash that can be withdrawn using a credit card. The credit limit of credit cards includes a cash limit as well. Normally, banks offer 20%-40% of the total credit limit as a cash limit.</p><p>For instance, if the total credit limit is Rs 2 lakh, a cash amount of Rs 40000-80000 can be withdrawn using a credit card. The remaining limit can be used for normal card transactions only.</p><p>The cardholder gets to know the cash limit of the credit card at the time of issuance of the card by the bank.</p><p>The cash limit can vary from card to card and cardholder to cardholder, which indicates that the cash limit may not be the same for all the credit card variants of a bank. The cash limit is not fixed and is subject to changes at any point in time. The revision of the cash limit is under the bank's discretion which will depend on the spending pattern of the cardholder, repayment of credit, any defaults made in making the payments.</p><p>In case of any revision, the same would be communicated to the cardholder via e-mail or through messages.</p><h2><strong>What are the Interest charges on Credit Card Cash Withdrawal?</strong></h2><p>Interest charges would be levied depending on the type of credit card in case of cash withdrawal via credit card. If the outstanding amount is paid on time, one would be charged a lesser amount of interest, but if it's long to pay the outstanding amount, more amount of interest would be levied.</p><p>Normally, banks charge interest ranging from 2.5% to 3.5% per month, which depends on the variant of the card and also varies from one bank to another.</p><h2><strong>Interest Charges on credit card cash advance by top banks:</strong></h2><p>Below mentioned are the rate on interest levied on credit card cash advance facilities by popular banks in India:</p><figure class="table"><table><tbody><tr><td rowspan="2"><strong>Bank</strong></td><td colspan="2"><strong>Interest Charges on Credit Card Cash Withdrawal</strong></td></tr><tr><td><strong>% per month</strong></td><td><strong>% per Annum</strong></td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/sbi"><strong>SBI Credit Card</strong></a></td><td>Up to 3.350%</td><td>Up to 40.20%</td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/hdfc"><strong>HDFC Credit Card</strong></a></td><td>1.99% – 3.50%</td><td>23.88% – 42%</td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/axis-bank"><strong>Axis Bank Credit Card</strong></a></td><td>2.95% – 3.50%</td><td>35.40% – 42%</td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/icici-bank"><strong>ICICI Bank Credit Card</strong></a></td><td>2.49% – 3.50%</td><td>29.88% – 42%</td></tr><tr><td><a href="https://www.mymoneymantra.com/credit-cards/citibank"><strong>Citibank Credit Card</strong></a></td><td>3.10% – 3.50%</td><td>37.20% – 42%</td></tr></tbody></table></figure><h3><strong>Frequently Asked Questions (FAQs):</strong></h3><h4><strong>✅</strong>&nbsp;When should the amount of cash withdrawn be repaid, and how?</h4><p>Whenever you make payment of your statement, you should repay the amount withdrawn. It can be made via UPI, DD or online etc., there is no such need to pay it in cash.</p><h4><strong>✅</strong>&nbsp;How can I know the cash withdrawal limit of my credit card?</h4><p>The cash withdrawal limit would be mentioned in the Welcome Kit we receive at the time of receipt of your credit card or in the terms &amp; conditions of your credit card.</p><p>Also, you can go through the credit card's net banking to know the total &amp; available cash limit. Otherwise, you can call the customer care service for the same as well.</p><h4><strong>✅</strong>&nbsp; Is it advisable to withdraw cash via credit card?</h4><p>To be very honest, withdrawing cash from a credit card is not considered to be as good as it sounds. Below mentioned are the steps if you're thinking about a cash advance.</p><p>Step 1: Think of all other options available, if any</p><p>Step 2: Check whether your credit card facilitates cash advance or not?</p><p>Step 3: Check the cash advance limit out of the credit card limit.</p><p>Step 4: Set the PIN</p><p>Step 5: Take time to understand the terms and fees for cash advances</p><p>Step 6: Think about the repayment</p><p>Step 7: Get the cash advance.</p><p>Step 8: Payback cash advance asap.</p><h4><strong>✅</strong>&nbsp;Can excess cash be withdrawn from a credit card?</h4><p>Generally, credit card companies do not allow the withdrawal of cash from credit cards in excess of to available credit limit. But, excess cash withdrawal would lead to a reduction in the available credit limit &amp; a higher credit card interest amount is required to be paid on the amount withdrawn.</p>

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Credit Card Cash Withdrawal simply means withdrawal of cash from an ATM via your Credit Card. check withdrawal fee, limit & charges of all leading banks. 

Credit Card Cash Withdrawal - Fee, Limit & Charges

Priyanka Jain

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<p>Credit Card Cash Withdrawal simply means withdrawal of cash from an ATM via your Credit Card. It is the very costliest means of borrowing money which is also known as a Cash advance or Short term loan.&nbsp;</p>

<h2><strong>How to Block HDFC Credit Card? All you need to know</strong></h2><p>When does the need arise for blocking the HDFC credit card? With increasing phishing incidents that result in fraudulent transactions, the need to block the card has become very necessary. With the rising popularity of online transactions, the opportunities for fraud are on the increase, especially if the payment gateway does not insist on second-level authentication of the transaction through OTP. So if you get a message for a transaction that you have not initiated, you should immediately block the card. How to block credit card HDFC? Read further to understand the various ways that can be implemented to block the card effectively.</p><h2><strong>How to block HDFC Credit Card?</strong></h2><p>With the increasing number of credit card frauds, knowing the various ways of blocking the HDFC credit card is essential. Under what circumstances should the HDFC Credit Card blocking be initiated?</p><p>The&nbsp; credit card should be blocked if:</p><ul><li>It is stolen or lost</li><li>You are unable to remove the Credit&nbsp; Card from the ATM slot.</li><li>The cash withdrawal transaction has been completed, but the money has not been dispensed.</li><li>You receive the message for a transaction that you have not initiated.</li></ul><p>The bank has provided various avenues to block the card immediately to avoid further monetary damage. The card can be blocked through.</p><ul><li>Internet banking</li><li>By calling the customer care</li><li>Through phone banking</li><li>By visiting the bank branch</li></ul><h2><strong>How to block HDFC Credit Card via Netbanking?</strong></h2><h3><strong>Through net banking</strong></h3><p>The most convenient way to block HDFC Credit Card is through net banking. To block the credit card, you should follow the&nbsp; steps shown below:</p><ul><li>Visit the official website of the bank.</li><li>Log in to the net banking account using the login credentials.</li><li>Go to the ‘Credit&nbsp; Cards’ option.</li><li>On the left-hand side, you will find the ‘credit card hotlisting’ option. Click on the option.</li><li>A list of credit cards will be displayed.</li><li>Click on the card to be hotlisted.</li><li>Enter the reason for hotlisting.</li><li>If you wish for a re-issue of the card, select the appropriate option.</li></ul><h2><strong>How to block HDFC Credit Card via PhoneBanking?</strong></h2><p>To block the HDFC Credit Card through phone banking, you should keep the card number, Customer ID or PIN, and the TIN (telephone identification number)<strong> </strong>to access your account. When every required detail is ready, you can call on the following numbers for phone banking services.</p><ul><li>Customers from Ahmedabad, Delhi and NCR, Hyderabad, Bangalore,&nbsp; Kolkata, Pune and Mumbai can call 61606161.&nbsp;</li><li>Customers from Chandigarh, Indore, Lucknow, Jaipur and Cochin can call 6160616.</li><li>Prefix the STD code of the respective city while dialling the number.</li></ul><p>After placing the call, you follow the steps given below:</p><ul><li>Validate your TIN number. This is a four-digit number given by HDFC while registering for the phone banking services.</li><li>Follow the IVRS instructions for blocking the card.</li></ul><h2><strong>How to block HDFC Credit Card by visiting the bank branch?</strong></h2><p>For customers who are not conversant with net banking and have not registered for phone banking, the best way to block the credit card is to visit the nearest HDFC branch and follow the procedure given below.</p><ul><li>Download the relevant application form online or obtain the form at the branch.</li><li>Complete the application form by filling in the required details.</li><li>Submit the duly completed form at the branch for doing the needful.</li></ul><h2><strong>How to block HDFC Credit Card in case of fraudulent activity?</strong></h2><p>It is imperative to report the fraudulent transaction immediately on detection to avoid further fraudulent activity. Reporting and temporarily blocking the card is the best way to avert further fraud using the credit card. Sometimes, you will notice the unauthorised transactions only on receiving the monthly bill. In such cases, you will have to make payment of the unauthorised transaction as well if you do not have a zero liability policy. A zero liability policy will save you from monetary loss as you will not be liable for unauthorised transactions.</p><p>You can block the HDFC Card in case of fraudulent activity through net banking or through phone banking. You can also call customer care as the services are available 24 X 7 and even on Sundays and Bank Holidays.</p><h2><strong>Things to Keep in Mind While Blocking HDFC Credit Card</strong></h2><p>Blocking the HDFC credit card will become inevitable once suspicious transactions are noticed. But you will have to keep in mind a few things before blocking the card. They are:</p><ul><li>EMIs on the card have to be taken care of.&nbsp; Alternate arrangements for the EMIs have to be made. If you opt for a re-issue of the card, the EMI will be linked to the re-issued card.&nbsp; In all probabilities, you might have to close the EMI if the card is going to be blocked permanently and not be re-issued.</li><li>If any ECS is linked to the card, you will have to contact the beneficiary and get the ECS delinked. Alternatively,&nbsp; you can shift the ECS payment to any other mode.</li><li>Clear all the outstanding liability on the credit card. In case of a re-issue of the card, the liability will be transferred to the new card.</li><li>Permanent blocking of the card amounts to the closure of the card. In such cases, scrutinise the billed as well as the unbilled transactions for any suspicious transaction.</li></ul><p>Locating the suspicious transaction after permanently blocking the card and paying off the entire card liability will negate the chances of a refund of the suspicious transaction amount.</p><h2><strong>How to reactivate a blocked HDFC Credit Card?</strong></h2><p>The preferred way to reactivate a blocked HDFC Credit Card is to call customer care and place a request for reactivation. If your credit card is stolen or lost and you have blocked it with a request for re-issuance, do not try to unblock it. Opt for unblocking the card only if the bank blocks the card for pending bills or for the usage of the card beyond the sanctioned limit.</p><h3><strong>Frequently Asked&nbsp; Questions</strong></h3><h4><strong>✅&nbsp;How to block credit card HDFC through customer care?</strong></h4><p>Just a call to the HDFC customer care and your credit card can be blocked. While raising a request for blocking the credit card, you should have the following details ready.</p><ul><li>Credit card number</li><li>Type of&nbsp; transaction-online or offline</li><li>Transaction date</li><li>Transaction Amount</li></ul><h4>With all the details ready, you will have to the customer care number and raise a request for real-time blocking of the card. Customers from Ahmedabad, Delhi and NCR, Hyderabad, Bangalore,&nbsp; Kolkata, Pune and Mumbai can call 61606161. Customers from Chandigarh, Indore, Lucknow, Jaipur and Cochin can call 6160616.</h4><p>You should prefix the STD code of the respective city while calling customer care. The helpline services are available round-the-clock, even on bank holidays and Sundays.</p><h4><strong>✅&nbsp;How to block HDFC credit card by SMS?</strong></h4><p>You can block HDFC credit card by SMS by sending an SMS through the registered mobile number in the format BLOCK followed by the 16 digit card number to&nbsp; 5676712. However, HDFC does not provide the facility of blocking the credit card through SMS at present.</p><h4><strong>✅&nbsp; What is a zero lost card liability?</strong></h4><p>HDFC offers a zero lost card liability facility for credit cards. Under this facility, if a fraudulent transaction occurs on a lost/stolen card, there will be zero liability on the fraudulent transaction if the fraud is reported immediately to the 24 x 7 customer care. It is essential to report the loss and block the card immediately using the phone banking services in the case of any fraudulent credit card transaction.</p><h4><strong>✅&nbsp;What are the different ways of blocking the HDFC Credit&nbsp; Card and how to block credit card HDFC vide these facilities?</strong></h4><p>The different ways of blocking HDFC credit cards are:</p><ul><li>Through net banking</li><li>Through phone banking</li><li>By visiting the bank branch</li></ul><h3><strong>Through net banking</strong></h3><ul><li>Access your net banking account through the website of the bank using the User ID and password.</li><li>Click on the ‘Credit Cards’ option.</li><li>Click on the ‘Credit&nbsp; Card Hotlisting’ option on the left-side&nbsp;&nbsp;</li><li>All&nbsp; the credit cards will be displayed</li><li>Choose the card that has to be hotlisted</li><li>Mention the reason for hotlisting</li><li>For re-issue of the credit card, choose the relevant option</li></ul><h3><strong>Through Phone Banking</strong></h3><ul><li>Call the phone banking numbers 61606161 or 6160616 depending on the city of residence. Pre-fix the STD code of the respective city while dialling the number.</li><li>Validate your TIN number, i.e., the four-digit number given by the bank while registering for phone banking services.</li><li>Follow the IVRS instructions for blocking the credit card.</li></ul><h3><strong>By visiting the bank branch</strong></h3><ul><li>Download the application form from the bank website or&nbsp; collect the form from the nearest bank branch</li><li>Fill in the application with the required details.</li><li>Submit the form at the nearest bank branch, and the needful will be done.</li></ul><h4><strong>✅&nbsp;How to unblock the HDFC credit card?</strong></h4><p>You can unblock the credit card by calling the HDFC Credit&nbsp; Card Customer Care helpline and requesting the reactivation of the card. Do not venture into reactivating the credit card if you have opted for a re-issue of the credit card.&nbsp; Go for the unblocking option only if the Bank has blocked your card for repeated late payments or for spending beyond the credit limit.</p>

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When does the need arise for blocking the HDFC credit card? With increasing phishing incidents that result in fraudulent transactions, the need to block the card has become very necessary

How to Block HDFC Credit Card? All you need to know

<p>When does the need arise for blocking the HDFC credit card? With increasing phishing incidents that result in fraudulent transactions, the need to block the card has become very necessary</p>

<h2><strong>What is OTP in Credit Card Transactions? - All you should know about Credit Card OTP</strong></h2><p>Credit Cards are payment mechanisms that have replaced cash payments. To be able to use a credit card correctly and with ease, it is vital to understand what are credit cards and what is OTP in credit card transactions.</p><p>Credit cards always have a predefined limit set according to the income and repayment capacity of the cardholder. Payments are made directly to the merchant by the bank for the purchases made for which the cardholder will be sent a monthly bill.&nbsp;</p><p>Initially, when credit cards were introduced, the only way to ensure the user's authenticity was to verify the signature on the reverse of the card. Upon receiving the card, every cardholder had to sign on the reverse of the card in the presence of a bank official. Credit cards became popular over a period of time, and the loopholes for misuse of the cards were identified, and the security feature was enhanced by introducing PIN (Personal Identification Number), a four-digit number to verify the authenticity of the user.&nbsp;</p><p>So then what is OTP in credit card transactions?<strong> </strong>Well, with the introduction of online transactions, it became necessary to enhance the security features to avert fraud. OTP or One-time Password is one such enhanced security feature. When online transactions are done using a credit card, the second level of authorisation with the OTP is required besides the CVV number, i.e., Card Verification Value Code). The safety aspect of OTP is that the number is sent to the registered mobile number and the email Id of the cardholder, and nobody else will have access to the number.</p><h2><strong>What is OTP or One Time Password?</strong></h2><p>With the growing popularity of Credit Cards, the instances of fraud also have been increasing. The banks are doing constant up-gradation of security features to avert such incidents. Initially, insertion of a PIN (Personal Identification Number) for both retail and online transactions was mandatory for authorising a transaction. PIN was an additional security feature for online transactions besides the CVV.&nbsp;&nbsp;</p><p>Currently, the most popular security feature is the OTP. OTP or One Time Password is a six-digit number that will be sent to the registered mobile or the email id of the cardholder on initiating an online transaction. The OTP will be generated after the CVV number is entered. You will be sharing the OTP on the payment gateway by entering the number received on the registered mobile. The introduction of OTP reduced the risk level of online transitions, as only the cardholder has access to the number.</p><h2><strong>What is OTP in Credit Card transactions?</strong></h2><p>Now a two-factor authentication has been introduced for carrying out online transactions with a credit card. The first level security device is the CVV that is available on the reverse of the credit card and the OTP that will be sent to the registered mobile through SMS or to the registered email id of the cardholder. OTP generated for any transaction will be valid for only a few minutes and will not be accepted if entered after the stipulated time. The attempts given for entering a valid OTP is three, and the banks tend to block the credit after the 3rd attempt if the OTP is not a valid one.</p><p>Now having understood what is OTP in credit card transactions, read further to get an insight into the various transactions where OTP is required.</p><p><strong>Online shopping: </strong>Online shopping is a regular feature in the present scenario; safeguarding the transactions is even more crucial to safeguard the transactions. CVV, however, is one such security measure that could reduce the risk of your transactions. However, if anyone has access to your card details, including the CVV, then the transaction could be risky as the chances of a fraudulent transaction are higher. OTP is an added security feature that can prevent such mishaps as the only person who can have access to the number will be the cardholder himself. The OTP is sent to the registered mobile number or the registered email ID, making it a private affair.</p><p><strong>Loan repayments:</strong> Servicing the loan EMIs with a credit card is the best way to keep track of your loan payments. Opting for an OTP authorisation for the repayment transaction will make it secure by confirming that the cardholder initiated the transaction only and not a third party.</p><p><strong>Automatic Utility bills payment: </strong>Regular payment of utility bills can be ensured by setting up automatic bill payment and making the payment through a credit card. You can keep track of the bills paid and ensure the safety of the payment by insisting on an OTP for dual authorisation of the transaction.</p><h2><strong>Benefits of credit card OTP</strong></h2><p>Credit cards' enormous benefits in terms of ease in payments clubbed with an additional level of security by way of OTPs. The credit card has become a popular tool for payments. Now, what is the benefit of OTPs in credit cards? Given below are the numerous benefits you can derive by conducting credit card transactions with OTP.</p><ul><li>There is additional security for the transactions made online by requesting an OTP. Some of the banks provide the option to request an OTP by sending an SMS in the format prescribed by the banks and consists of the last four digits of your credit card number. The SMS should be sent from a registered mobile number. On receiving the SMS, an OTP will be generated and sent to the registered mobile number that should be entered to validate the transaction.</li><li>Multiple passwords will not be required to validate a transaction.</li><li>When you are on the secure page, you will be given three options to authorise a transaction in some online transactions. If you opt for the 'I want to generate OTP' option, an OTP consisting of 6 digits will be sent to your registered mobile number and your personal email ID. You will have to enter this OTP to authenticate the transaction.</li><li>In case a credit card falls into the wrong hands, and the person has access to the card number and the CVV, they still cannot complete an online transaction. This, because only the cardholder will have access to the OTP as it is sent to the registered mobile and the personal email ID of the cardholder.</li><li>You can reduce the risk of online transactions by opting for OTP to validate the transaction.</li></ul><h2><strong>How to make credit card payments without OTP?</strong></h2><p>OTPs are restricted to online transactions. Frauds are common in online transactions wherein the fraudster need not be in possession of the card. All he/she needs to know will be the card numbers and the CVV number. To prevent such fraud, the concept of One Time Password was introduced. Only the cardholder will have access to the OTP as it is sent to the cardholder's registered mobile. But there are transactions that can still be made without an OTP. They are:</p><ul><li>Offline transactions where you will need to swipe the card and the PIN will be the only security for authorising the transactions.</li><li>Online transactions on payment gateways do not insist on second-level security through OTP for completing a transaction.</li></ul><h2><strong>Dos and Dont's of credit card OTPs</strong></h2><p>For an optimum level of security for online transactions using a credit card, opting for an OTP to authorise the transaction is highly essential. However, there are certain dos and don'ts while using OTPs for credit card transaction authorisation.</p><h3><strong>Dos</strong></h3><ul><li>You should ensure that you are doing the online transaction on a website where the details shared are encrypted.</li><li>You should ensure that the firewall and antivirus software are updated before putting through an online transaction using OTP for credit card transactions as the security measure for validating the transaction.</li></ul><h3><strong>Don'ts</strong></h3><ul><li>You should not respond to emails from unknown email Ids asking for your credit card details.</li><li>You should not share your credit card number, expiry date, CVV number, OTP and PIN with anyone.</li></ul><h4><strong>Frequently Asked Questions</strong></h4><h4><strong>✅What is OTP in credit card transactions?</strong></h4><p>OTP, i.e., One Time Password, which is the second level security, and CVV number for validating online transactions made with credit cards. OTP provides an optimum level of security as only the cardholder will have access to the OTP sent to the cardholder's registered mobile.</p><h4><strong>✅ What is OTP in credit card transactions?-Usage and benefits</strong></h4><p>While using a credit card for online transactions, you will have three options to validate the transaction on the secure page. If you opt for the option 'I want to generate OTP', a six-digit number will be sent to your registered mobile and personal email Id. The transaction can be completed only if you enter the valid OTP.</p><p>There are various benefits of OTP in credit card usage online. They are:</p><ul><li>It spares you from the burden of remembering multiple passwords to authenticate an online transaction using a credit card.</li><li>It amounts to two-factor authentication, i.e., an OTP in addition to the CVV number. A transaction with an OTP is less risky.</li><li>Even if anybody gets hold of your card number and CVV, they cannot complete an online transaction without the OTP for which only you as the cardholder will have access to it as it is sent to your registered mobile number.</li></ul><h4><strong>✅What is the time limit permitted to use the OTP for an online transaction with a credit card?</strong></h4><p>You will be given 10 minutes, within which you will have to enter the OTP to validate the transaction.</p><h4><strong>✅What is OTP in credit card transactions?- Security tips</strong></h4><p>The security tips that have to be followed while OTP is used for credit card transactions online are as given below:</p><ul><li>Make sure that the online transactions are done on the website, where the details shared are encrypted.</li><li>Before initiating an online transaction with a credit card, ensure that the antivirus and firewall software are updated.</li><li>Do not respond to emails that originate from suspicious email IDs asking for your credit card details.</li><li>Do not share your credit card details like card number, expiry date, CVV number, PIN or OTP with anyone.</li></ul><h4><strong>✅Can the credit card OTP be misused?</strong></h4><p>The chances of online fraud are very remote where OTP is used as the second level security measure as only the cardholder will have access to it. If you share the OTP with one who already has your card details like card number, expiry date, and CVV number, the OTP can be misused.</p><p>Update the mobile number without fail with your bank whenever you change the number to avoid the OTP being sent to the mobile number that is originally registered with the bank.&nbsp;</p>

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Credit Cards are payment mechanisms that have replaced cash payments. To be able to use a credit card correctly and with ease, it is vital to understand what are credit cards and what is OTP in credit card transactions.

What is OTP in Credit Card Transactions? - All you should know about Credit Card OTP

<p>Credit Cards are payment mechanisms that have replaced cash payments. To be able to use a credit card correctly and with ease, it is vital to understand what are credit cards and what is OTP in credit card transactions.</p>

<h2><strong>Types of SBI Credit Cards Available in India 2021</strong></h2><p>One of the biggest players in the credit card industry, SBI Card undoubtedly offers a diverse range of numerous credit cards catering to a different sets of individuals as per their lifestyle, income, spending habits, etc. By choosing amongst the various categories of<strong> </strong>SBI credit card types, you can avail yourself of wide-ranging benefits across whichever categories you tend to spend and use the most. Make sure to compare the various cards for which you are eligible and then take the decision as per your eligibility and credit card spending habits in order to maximize the available benefits on various<strong> </strong>SBI credit card types.<br><strong>Types of SBI Credit Cards</strong></p><p>A wide range of<strong> </strong>SBI credit card types are offered in diverse categories, primary amongst them being shopping, travel, lifestyle, reward and fuel.&nbsp; For making it easier to go through the long and wide list of SBI credit card types and features offered by them, mentioned here are some of the best SBI credit cards available in India.</p><figure class="table"><table><tbody><tr><td><strong>Best SBI Credit Cards</strong></td></tr><tr><td>SBI SimplySAVE Credit Card</td></tr><tr><td>SBI SimplyCLICK Credit Card</td></tr><tr><td>SBI Card PRIME</td></tr><tr><td>SBI Card ELITE</td></tr><tr><td>Air India SBI Platinum Credit Card</td></tr><tr><td><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#CVPrime">Club Vistara SBI Card PRIME</a></td></tr></tbody></table></figure><h2><strong>Features &amp; Benefits of SBI Credit Card Types in India</strong></h2><p>Amongst the varying SBI credit card types and features offered, let us deep dive and know about some of the best SBI cards as mentioned above.</p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624529331423-8b2f7f54-c262"><strong>SBI SimplyCLICK Credit Card</strong></a></h2><p><strong>Annual Fee:</strong>&nbsp;Rs. 499&nbsp;</p><h2><strong>Key Features of SBI SimplyCLICK Credit Card</strong></h2><p><strong>Welcome Benefit-</strong>&nbsp;E-gift card worth Rs. 500 worth from Amazon</p><p><strong>Reward Points-</strong>&nbsp;Earn 1 Reward Point on every spending worth Rs. 100&nbsp;</p><p><strong>Additional rewards-</strong>&nbsp;Get 10X Reward Points for online shopping with exclusive partners</p><p><strong>Benefits on reaching milestone spend-</strong>&nbsp;Get an e-voucher worth Rs. 2,000 each on reaching spends of Rs. 1 lakh and Rs. 2 lakh in a year</p><p><strong>Reversal of Annual Fee -G</strong>et annual fee reversed in the subsequent year upon spending Rs. 1 lakh in a year</p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624529869635-663f818c-d494"><strong>SBI Card PRIME</strong></a></h2><h2><strong>Annual Fee:&nbsp;Rs. 2,999&nbsp;</strong></h2><h2><strong>Key Features of SBI Card PRIME</strong></h2><p><strong>Welcome Benefit-</strong>&nbsp;Get an e-gift voucher worth Rs. 3,000 redeemable with various listed partners.</p><p><strong>Reward Points- </strong>Get 2 Reward Points for every spending of Rs. 100 on retail shopping, and get 10X reward points on making payment of utility bill through standing instruction facility</p><p><strong>Benefits on reaching milestone spend-</strong>&nbsp;Get Pizza Hut e-Voucher worth Rs. 1,000 upon spending Rs. 50,000 in one quarter</p><p><strong>Reversal of Annual Fee -</strong>Get annual fee reversed in the subsequent year upon spending Rs. 3 lakh in a year</p><p><strong>Hotel Privileges available-</strong>&nbsp;get complimentary Trident Privilege Red Tier Membership along with 1,000 welcome points as well.</p><p><strong>Insurance Cover offered-</strong>&nbsp;Get complimentary Air Accident Liability Cover worth Rs. 50 lakh as well as Fraud Liability Cover of Rs. 1 lakh as this card’s user</p><p><strong>Travel related benefits-</strong>&nbsp;Get complimentary Club Vistara Silver Membership coupled with 1 free upgrade voucher as well. Get lounge access in the form of 4 free visits (subject to a maximum of 2 per quarter) to international lounges along with Priority Pass Membership. Also, get 8 complimentary visits each calendar year to domestic lounges as well.</p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1565417573567-f1b8896f-a9c1"><strong>SBI SimplySAVE Credit Card</strong></a></h2><p><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Annual Fee:</strong>&nbsp;Rs. 499&nbsp;</a></p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Key Features of SBI SimplySAVE Credit Card</strong></a></h2><p><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Bonus Rewards</strong>– Get 2,000 bonus reward points upon reaching spending of Rs. 2,000 within the first 60 days of the credit card's issuance</a></p><p><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Other Rewards- </strong>Get 1 Reward Point for every Rs. 100 spent, 10X reward points upon spending on Dining, Movies, Grocery Spends as well as Departmental Stores, and get 4 Reward Points equivalent to Re. 1 upon redemption</a></p><p><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Reversal of Annual Fee-</strong>&nbsp;Get annual fee reversal in next year upon spending Rs. 1 lakh in a year&nbsp;</a></p><p><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>Fuel Surcharge Waiver–</strong>&nbsp;Amongst the various categories of&nbsp; <strong>SBI credit card types, </strong>this card is one of those providing a 1% fuel surcharge waiver, subject to the maximum being capped at Rs. 100 per credit card statement cycle</a></p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624531783941-54261988-6138"><strong>SBI Card ELITE</strong></a></h2><p><strong>Annual Fee:</strong>&nbsp;Rs. 4,999</p><h2><strong>Key Features of SBI Card ELITE</strong></h2><p><strong>Welcome Benefit-</strong>&nbsp;Get an E-gift voucher worth Rs. 5,000 within 15 days of making the annual fee payment successfully</p><p><strong>Movie Benefit-</strong>&nbsp;Get complimentary movie tickets worth Rs. 6,000 each year</p><p><strong>Bonus Reward Points-</strong>&nbsp; When comparing various SBI credit card types, this card provides an attractive benefit of offering as high as 50,000 Bonus Reward Points worth Rs. 12,500 every year</p><p><strong>The benefit of Lounge Access- </strong>Get complimentary membership for the Priority Pass Program, otherwise worth $99, and get 2 complimentary Domestic Airport Lounge visits in each quarter</p><p><strong>Extra reward points- </strong>Get 5X Reward Points on categories of spending in Dining, Departmental stores as well as Grocery&nbsp;</p><p><strong>Travel related benefits-</strong>&nbsp;Get complimentary membership of Club Vistara Silver as well as Trident Privilege Red Tier</p><p><strong>Lower Foreign Currency Mark-up fee-</strong>Foreign Currency Mark-up charge is much lesser than many other credit cards, being just 1.99% levied on card’s international usage</p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624540841129-e4248b05-e9c5"><strong>Air India SBI Platinum Credit Card</strong></a></h2><p><strong>Annual Fee:</strong>&nbsp;Rs. 1,499</p><h2><strong>Key Features of Air India SBI Platinum Credit Card</strong></h2><p><strong>Welcome Benefit-</strong>&nbsp;Get 5,000 Reward Points upon making payment of the joining fee</p><p><strong>Travel Benefit-</strong>&nbsp;Get complimentary Air India’s Flying Returns program</p><p><strong>Reward Points-&nbsp;</strong>Get 5X reward points upon every spending of Rs. 100 on Air India flight’s bookings, subject to a maximum annual cap of 15,000 bonus points</p><p><strong>Air Mile Conversion facility-</strong>&nbsp;Get&nbsp; Reward Points converted into Air Miles (1 reward point equals 1 Air India Air Mile)</p><p><strong>Lounge Access-</strong>&nbsp;Get complimentary VISA lounge access at all domestic airports</p><h2><a href="https://www.paisabazaar.com/sbi-bank/credit-card/#1624542402235-f7c232a9-3660"><strong>Club Vistara SBI Card PRIME</strong></a></h2><p><strong>Annual Fee:</strong>&nbsp;Rs. 2,999</p><h2><strong>Key Features of Club Vistara SBI Card PRIME</strong></h2><p><strong>Joining Benefit-</strong>&nbsp;Get 1 complimentary Vistara premium economy class ticket upon making payment of the joining fees</p><p><strong>Vistara Membership-</strong>&nbsp;Get complimentary membership of Club Vistara Silver&nbsp;</p><p><strong>Rewards-</strong>&nbsp;Get 4 Club Vistara Points for all your spends</p><p><strong>Complimentary Lounge Access-</strong>&nbsp;Get complimentary membership of Priority Pass along with 4 free lounge visits every year</p><p><strong>Benefits on reaching milestone spend-&nbsp;</strong>Get 1 premium economy ticket on successfully reaching the annual spending threshold of Rs. 1.5 Lakh, Rs. 3 Lakh, Rs. 4.5 Lakh and Rs. 8 Lakh, respectively</p><h2><strong>Eligibility Criteria of SBI Credit Cards Types</strong></h2><p>For becoming eligible for availing of the various<strong> </strong>SBI Credit Card Types, you should ideally have a strong credit score (preferred to be usually of 750 and above). Also, the age group for eligibility usually ranges between 18-60 years, and the occupation of the applicant can be either salaried or self-employed. Moreover, when making the decision to finalize amongst SBI credit card types and features listed by them, do not forget to factor in the numerous available SBI credit card types and annual charges as well to assist you in making the right choice of card.</p><h2><strong>Checking the eligibility for various SBI Credit Card Types online</strong></h2><p>The most convenient way to check eligibility for various available<strong> </strong>SBI Credit Card Types is to visit the SBI Card website and enter the required details like your income, age, occupation etc.&nbsp; If you are qualified for any SBI Card, you can go ahead and proceed with the submission of an online application with an SBI credit card. When doing so, remember to have a look at the income requirements of top SBI Credit Cards amongst the SBI credit card types,<strong> </strong>which are offered as per your financial eligibility.</p><h2><strong>Documents Required for varying SBI credit card types</strong></h2><p>Amongst the list of documents required for different SBI credit card types<strong> </strong>apart from a proper and duly filled application form, prospective applicants have to submit these:&nbsp;</p><p>Proof of identity</p><p>Proof of address</p><p>Proof of income</p><p>Now, to make things easier and clear for those applying for a card after comparing various SBI Credit Card Types, given below is an indicative list of documents acceptable:&nbsp;</p><p>Proof of Identity-Aadhaar card, Driver's License, Passport, PAN Card, Overseas Citizen of India Card, Voter's ID, Letter issued by the UIDAI, Job card issued by NREGA, POI Card or any other government-approved photo ID proof&nbsp;</p><p>Proof of Address- Aadhaar card, Passport, Driver’s License, Utility Bill (up to&nbsp; 3 month’s old, Ration Card, Person of Indian Origin Card, Property Registration Document, Job card issued by NREGA, Bank Account Statement or any other government-approved address proof available</p><p>Proof of Income- Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement&nbsp;</p><p>When checking the documentation, factor in the available options amongst SBI credit card types and annual charges<strong> </strong>listed by them as well.&nbsp;<br><strong>SBI Credit Card Types Fees &amp; Charges</strong></p><p>When going through SBI credit card types and annual charges,<strong>&nbsp;</strong> ensure to also factor in other charges like late payment fees and finance charges, as these two are amongst the most commonly levied charges on credit cards.</p><figure class="table"><table><tbody><tr><td><strong>Annual Fee</strong></td><td>Differs from Card to Card</td></tr><tr><td><strong>Finance Charges</strong></td><td>Up to 3.5% per month, computing out to be 42% p.a</td></tr><tr><td><p><strong>Late Payment Charges</strong></p><p><br>&nbsp;</p></td><td>Widely ranges from NIL to Rs. 1,300 based on the varying total amount due.</td></tr></tbody></table></figure><h2><strong>How to Apply SBI Credit Card Types in 2021?</strong></h2><p>You can apply for various SBI credit card types both online as well as offline. Irrespective of the mode, remember to compare amongst the SBI credit card types and features<strong> </strong>to zero in on the most suitable card as per your financial habits and income.</p><h3><strong>Steps to apply for SBI Credit Card Online</strong></h3><p>STEP 1-Visit SBI Card website or app</p><p>STEP 2- Fill in the basic and asked requirements such as your name, address, date of birth, monthly income, occupation etc.</p><p>STEP 3- Choose amongst the credit card options available in the form of SBI credit card types, as per your eligibility criterion.</p><p>STEP 4- Upon submitting the application,&nbsp; SBI Card will review it and then accordingly get it accepted and give you a credit limit offer as per your income and other eligibility criteria. You will receive the requested credit card usually within some working days.</p><h2><strong>Steps to apply for SBI Credit Card Offline</strong></h2><p>Visit the nearest SBI branch to apply amongst the numerous<strong> </strong>SBI Credit Card Types. At the branch, you get to interact with SBI Card's representatives, who suggests a card as per your credit profile, requirements and eligibility.&nbsp; You can accordingly fill out the chosen credit card’s application form and submit it along with, of course, the required documents. You will receive your SBI credit card usually on some working days.</p><h3><strong>FAQs</strong></h3><h4><strong>✅Does SBI credit card have any app?</strong></h4><p>Yes, for all available and offered SBI credit card types,<strong> </strong>SBI Card has an exclusively built app with the same name, 'SBI Card', which is available on both Android as well iOS platforms.</p><h4><strong>✅Can various SBI credit card types’ reward points be converted to cash?</strong></h4><p>No. Although it is usually not allowed to convert reward points directly into cash, there are some SBI credit cards that allow accumulated reward points to be redeemed against payment of your card outstanding dues. On all such cards, redemption value stands at Rs.1 for every 4 reward points.</p><h4><strong>✅What to do when my card gets stolen or lost?</strong></h4><p>In such scenarios, notify the bank/credit card issuer immediately, as the lender will block your card quickly to avoid any fraudulent transactions.</p><h4><strong>✅Can my SBI card be used to withdraw money?</strong></h4><p>Yes, the cash advance facility allows you to withdraw cash from your credit card. Remember that for various SBI credit card types and annual charges checked by you when availing a card, finance charges as well as cash advance fee is levied on cash withdrawals made through it.</p><h4><strong>✅Is an SBI credit card issued for free?</strong></h4><p>No. A nominal fee termed as joining fees has to be paid by applicants when availing of any of the SBI credit card types. Some cards allow waiver or reversal of this fee in the next year upon spending a specific preset amount on that card.</p>

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One of the biggest players in the credit card industry, SBI Card undoubtedly offers a diverse range of numerous credit cards catering to a different sets of individuals as per their lifestyle, income, spending habits, etc.

Types of SBI Credit Cards Available in India 2021

<p>One of the biggest players in the credit card industry, SBI Card undoubtedly offers a diverse range of numerous credit cards catering to a different sets of individuals as per their lifestyle, income, spending habits, etc.</p>

<h2><strong>Types of HDFC Credit Cards Available in India 2021</strong></h2><p>India’s largest private sector bank (in terms of assets), which is HDFC Bank, provides a wide range of credit cards in India. The numerous HDFC credit card types available for consumers to choose from makes it worthy of understanding why this player is amongst the best lenders in our country's banking industry. Currently, amongst the HDFC Bank credit card types offered to consumers is based on different consumer segments targeted by the bank. The list of cards and HDFC credit card types are aimed to be customized and cater to as a wide set of consumers as possible, focusing on the availability of some type of card for every consumer's needs and spending habits.</p><h2><strong>Types of HDFC Credit Cards</strong></h2><p>The primary focus of offering a wide range of HDFC credit card types such as Travel, Fuel, Lifestyle, Premium, Rewards and Cashback, Super premium, EMI etc., is to have a category and card for all possible transactions and to spend patterns of varying consumers. And with the hassle-free process of availing of the offered credit cards coupled with completely secure as well as convenient experiences makes it imperative to avail HDFC credit cards. Given that credit cards tend to involve numerous fees and charges which consumer needs to be aware of, remember to check HDFC credit card types and charges before zeroing in on any card.</p><h2><strong>Best HDFC Credit Cards 2021</strong></h2><p>Amongst the wide variety of HDFC credit card types available for widely varying sets of consumers, below mentioned is a list of some of the best HDFC credit cards which you can choose when comparing and finalizing any card.</p><figure class="table"><table><tbody><tr><td><strong>HDFC MoneyBack Credit Card</strong></td></tr><tr><td><strong>HDFC Regalia Credit Card</strong></td></tr><tr><td><strong>HDFC Millennia Credit Card</strong></td></tr><tr><td><strong>HDFC Diners Club Rewardz Credit Card</strong></td></tr><tr><td><strong>HDFC IndianOil Credit Card</strong></td></tr></tbody></table></figure><h2><strong>Features &amp; Benefits of HDFC Credit Card Types in India</strong></h2><h3><strong>HDFC MoneyBack Credit Card</strong></h3><p><strong>Joining and Annual Fee:</strong>&nbsp;Rs. 500</p><p><strong>Key Features:</strong></p><ol><li>Reward Points earned-&nbsp;Get 2 reward points per Rs. 150 spent, and even more, get 4 reward points per Rs. 150 spent on online shopping</li><li>Cashback offer-&nbsp;Get your accumulated reward points redeemed for cash credit into your statement, with the value of 100 points being equal to Rs. 20</li><li>Fuel Benefits-&nbsp;Availability of a complete fuel surcharge waiver gets you to save up to Rs. 250 in a billing cycle</li><li>The benefit of reaching milestones-&nbsp;Get Rs. 500 e-vouchers on spending Rs. 50,000 in a quarter</li></ol><h2><strong>HDFC Regalia Credit Card</strong></h2><p><strong>Joining and Annual Fee:&nbsp;</strong>Rs. 2,500</p><p><strong>Key Features:</strong></p><ol><li>Joining Benefit– Get complimentary membership of Dineout Passport for 1 year</li><li>Lounge Access Facility-&nbsp;Get 12 complimentary domestic lounge access each year through Visa/Mastercard, and also avail complimentary membership of Priority Pass with 6 free visits in each calendar year.</li><li>Reward Points earned– Get 4 reward points per Rs. 150 spent on every retail spending except fuel</li><li>Benefits on reaching milestones – Get 10,000 reward points upon reaching spends of Rs. 5 Lakh in a year and get an additional 5,000 reward points upon reaching spends of Rs. 8 Lakhs in a year.</li><li>Reward Redemption Program– Redeem accumulated reward points against any of the available and offered premium range of products and vouchers from the rewards redemption catalogue, against flights and hotel bookings, or against exclusive reward redemption portal available to be used by HDFC Regalia users.</li></ol><h2><strong>HDFC Millennia Credit Card</strong></h2><p><strong>Joining and Annual Fee:&nbsp;</strong>Rs. 1,000</p><p><strong>Key Features:</strong></p><ol><li>Cashback earned– Get cashback on all your spending, mainly as 5% cashback upon shopping via PayZapp for Amazon, Flipkart, Flight &amp; Hotel bookings,5% cash back upon all kinds of online spending done above Rs. 2,000, and get 1% cashback on all offline spends as well as wallet reloads of more than Rs. 100</li><li>Lounge Access Facility– Get 8 free domestic lounge accesses for every year</li><li>Joining Benefit– Get Rs. 1,000 gift vouchers upon spending Rs. 1 Lakh every quarter in the HDFC Millennia card’s first year</li><li>Dining Offers– Get discounts as well as offers through the Good Food Trail Dining program of HDFC</li></ol><h2><strong>HDFC Diners Club Rewardz Credit Card</strong></h2><p><strong>Joining and Annual Fee:&nbsp;</strong>Rs. 1,000</p><p><strong>Key Features:</strong></p><ol><li>Joining as well as Renewal Benefits– Get 1,000 bonus reward points upon making payment of joining and renewal fee each and every year</li><li>Reward Points earned– Get 3 reward points for spending every Rs. 150 on retail. Also, get 10X rewards upon shopping with the list of selected partner brands.</li><li>Reward Redemption Program– Get products as well as vouchers from the rewards program catalogue when redeeming reward points. Additionally, utilize the accumulated points to even book flight tickets and hotel stays.</li><li>Travel Benefits- Get exclusive benefits with a set of partnered travel partners. Also, get to convert accumulated reward points into air miles of selective airlines.&nbsp;</li><li>Lower Forex Markup charge– Just need to pay only 2% markup fee on foreign currency spending. Check for all such things in HDFC credit card types and charges mentioned in the Fees and Charges schedule available on HDFC Bank's website's MITC for credit cards.</li></ol><h2><strong>HDFC IndianOil Credit Card</strong></h2><p><strong>Joining and Annual Fee:&nbsp;</strong>Rs. 500</p><p><strong>Key Features:</strong></p><ol><li>Get fuel points at listed IndianOil fuel outlets by earning 5% of your spent amount</li></ol><h3>Get to earn 1 Fuel Point for every Rs.150 spent with HDFC IndianOil Credit Card</h3><ol><li>Get to earn at least 50 litres of free fuel each year</li></ol><h2><strong>Eligibility Criteria of HDFC Credit Cards Types</strong></h2><p>With a long list of HDFC credit card types for consumers to choose from, it also becomes tedious to separately check eligibility criteria for each category's credit card. Hence, note that for availing of a card amongst the various HDFC credit card types, you have to be in the 21-60 years age group if salaried and 21-65 years if self-employed.</p><h2><strong>How to check eligibility for HDFC credit card types online?</strong></h2><p>On HDFC Bank’s website, you can check your eligibility for various HDFC credit card types by providing your basic required details like age, income, occupation etc. Upon knowing the cards available for you, choose the most suitable card as per your spending pattern and also after factoring in the available HDFC credit card types and charges applicable on them.</p><h2><strong>Documents Required</strong></h2><p>Apart from a duly filled application form, applicants also need to submit proof of identity, proof of address and proof of income. Given below is the detailed list of acceptable documents in each category when comparing and choosing amongst &nbsp;HDFC Bank credit card types.</p><p><strong>Proof of Identity- </strong>Passport, PAN Card, Aadhaar card, Driver's License, Voter's ID, Person of Indian Origin Card, Overseas Citizen of India Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof&nbsp;</p><p><strong>Proof of Address- </strong>Aadhaar card, Passport, Driver’s License, Utility Bill (should not be more than 3 months 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&nbsp;</p><p><strong>Proof of Income- </strong>Latest one or two salary slips (should not be more than 3 months old), Last 3 months' bank statement, Latest Form 16</p><h2><strong>HDFC Credit Card Types Fees &amp; Charges</strong></h2><p>When comparing amongst the various HDFC credit card types offered, it’s important as well as imperative for you to have a look at the applicable HDFC credit card types and charges and then finalize the best card according to your requirement and spending pattern.</p><figure class="table"><table><tbody><tr><td>Joining and Annual Fee</td><td>Varies from Card to Card and across different HDFC Bank credit card types.</td></tr><tr><td>Finance Charges</td><td>Up to 3.6% per month, I.e.&nbsp; up to 43.2% per annum (varies from card to card)</td></tr><tr><td>Late Payment Fee</td><td>Widely ranges from NIL to Rs. 1,300 depending upon the outstanding amount</td></tr></tbody></table></figure><h2><strong>How to Apply HDFC Credit Card Types in 2021?</strong></h2><p>There are several ways to apply for the chosen card amongst the numerous HDFC Bank credit card types. You can either apply online through net banking, mobile banking or directly visiting the HDFC bank branch nearest to you. Let’s deep dive and understand the steps involved in the easiest process amongst these all, i.e. online submission of credit card application.</p><ul><li>Visit the HDFC Bank website and click on the credit cards category to know the wide range of HDFC credit card types offered.</li><li>Check the diverse HDFC credit card types and features in order to help yourself in selecting the best one as per your requirement.</li><li>Then click on apply online and fill in the required details such as your name, date of birth, mobile number, email ID, city, income pin code, PAN number etc. Accordingly, enter the security code you got on your mobile and/or email, and then click on Submit option.</li><li>Now, just wait to get an SMS/Email/call from HDFC Bank in order to take forward your credit card application.</li></ul><h3><strong>Frequently Asked Questions (FAQs)</strong></h3><h4><strong>✅Which credit card is best when comparing amongst the various HDFC Bank credit card types offered by HDFC Bank?</strong></h4><p>HDFC Bank offers a extensive range of credit cards and different&nbsp; HDFC credit card types aimed to meet various needs of consumer segments and to spend patterns like travel, fuel, shopping, cashback, etc. Finalize only after comparing various HDFC credit card types and features of them, and according go for the credit card that best meets your eligibility and spending habits.</p><h4><strong>✅Can you increase your HDFC credit card limit online?</strong></h4><p>Those wanting to avail of an increased credit limit on their HDFC Credit card can log in to the net banking portal, then go to the cards section and select the 'Request' option. Next, choose the ‘Credit Limit Enhancement’ option available there. Then enter your credit card details, do the verification required. Now you will see a pop-up telling you whether you are eligible for an increase in credit limit or not. If yes, then your credit limit will be increased post completion of all the required processes depending on the HDFC Bank credit card types.</p><h4><strong>✅What is the process to check HDFC credit card statements online?</strong></h4><p>HDFC credit card users can conveniently check their HDFC credit card statement online. All they are needed to do is visit the HDFC website, log in to your account, go to the 'Cards' section, and then choose the ‘Enquire’ option in order to view your statement. Alternatively, you can also check your statement through HDFC MobileBanking App. If you had opted for mailed statements, then the statement would have been emailed to you as well.</p><h4><strong>✅How can you change HDFC credit card PIN online?</strong></h4><p>Depending upon the varying HDFC credit card types and features offered for the chosen credit card that you have, the steps to change the HDFC pin are simple and can be done online itself. Just visit the HDFC net banking portal, log in to your HDFC net banking account and then click on the 'Cards' section, select the 'Credit Card' option. Then, choose ‘Credit card options’ and select ‘Change PIN’ facility. Now go ahead to verify this request by entering the OTP received from HDFC Bank on your registered mobile number. Once this is done, you can enter a new 4-digit PIN according to your choice and then finally confirm it.</p><h4><strong>✅Which is the best credit card offered by HDFC for travel?</strong></h4><p>Amongst the wide range of HDFC Bank credit card types and within that multiple cards offered for travel segment, HDFC Regalia and HDFC Diners Club Miles Credit Card are amongst the best travel credit cards provided by HDFC Bank. Travel Credit Cards offered by HDFC Bank provide a host of exclusive travel benefits like complimentary airport lounge access, higher rewards on flight and hotel bookings, low markup fees, air miles conversion facility etc.</p>

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India’s largest private sector bank (in terms of assets), which is HDFC Bank, provides a wide range of credit cards in India.

Types of HDFC Credit Cards Available in India 2021

<p>India’s largest private sector bank (in terms of assets), which is HDFC Bank, provides a wide range of credit cards in India.</p>

<h2><strong>SBI Credit Card Reward Points Convert to Cash</strong></h2><p>State Bank of India — one of the largest public sector banks with its headquarters in Mumbai, offers an array of financial products and services to its customers. The most attractive product offered by the bank is credit cards. SBI credit card reward points convert to cash is the feature that makes SBI credit cards unique.&nbsp;</p><p>The bank has different <b><a href="https://www.mymoneymantra.com/blog/types-of-sbi-debit-cards-and-their-eligibility">types of debit cards</b></a> and credit cards to suit the individual requirement of its clients. The most beneficial aspect of these credit cards is the rewards. Every transaction with the credit cards earns rewards that can be redeemed for attractive gifts listed in the catalogue or can be converted to cash. The facility of redemption of reward points to cash makes the purchases made with the SBI credit card more economical.</p><h2><strong>SBI Credit Card Reward Points Convert to Cash</strong></h2><p>Every credit card SBI offers exciting rewards, and it is essential to choose the card that gives the maximum benefit in terms of rewards. Earn while you spend is the tagline of SBI Credit Card. Every purchase with a credit card earns you reward points that can be redeemed in various ways. It could be redeemed for vouchers, for purchase of products, for booking air tickets, etc. But SBI Credit Card reward points convert to cash<strong> </strong>is the most attractive of them all. Every reward point earns you 25 paise and on accumulation can be converted to cash that can be utilised to pay off the credit card dues.&nbsp;</p><p>Now how to convert SBI Credit Card Reward Points to Cash is the next question? For conversion of reward points to cash, you can either send an email to sbicard.com or can call the SBI credit card customer care and place a request by giving all the required details.</p><h2><strong>How to Redeem SBI Credit Card Reward Points?</strong></h2><p>The credit card reward points can be redeemed after accumulation. A catalogue of interesting items is available to choose from while redeeming the reward points. You can also redeem the card points for vouchers for booking air tickets. You can also adjust the rewards towards payment of credit card dues if you opt for SBI Credit Card reward points convert to cash.</p><p>There are many offline/online methods for the redemption of SBI credit card reward points.</p><p>Redemption of SBI credit card reward points online can be done through any one of the options given below by following some simple steps.</p><ul><li>Access the website of SBI and log in to the credit card portal with the customer ID and password.</li><li>Navigate to the ‘Rewards’ section and click on the ‘Redeem Rewards’ option</li><li>The reward points, city and category, have to be chosen accordingly,</li><li>Browse through the items in the ‘gifts catalogue’ and make your choice.</li><li>Click on the ‘Redeem Now’ option to confirm and then proceed with the redemption process.</li></ul><h3><strong>Redemption through Mobile Application</strong></h3><p>Follow the instructions given below for redeeming rewards through the mobile application.</p><ul><li>Access the SBI mobile application using the customer ID and password</li><li>Click on the ‘Rewards’ section and then on the ‘Redeem Rewards’ option</li><li>Choose the reward points, city and category from the drop-down menu</li><li>Scan through the ‘gift catalogue’ for the item of your choice</li><li>Choose the ‘Redeem Now’ option to confirm and then proceed with the redemption procedure.</li></ul><p>The payment for the products chosen can all be made through reward points, or you can choose a combination of redemption and payment by credit card. If you choose the combination, you will be partly paying through rewards redemption and partly by credit card.</p><p>You also have the SBI Credit Card reward points convert to cash, wherein you can convert the reward points to cash which can be adjusted towards credit card dues.</p><p>Read further to understand How to convert SBI rewards to cash.</p><h3><strong>Offline method for the redemption of reward points</strong></h3><p>To redeem the reward points offline, you will have to call the SBI credit card customer care number. The representative of SBI at customer care will help you with the gift catalogue products. You can choose the product and either make the payment entirely with the redeemed points or opt for ‘Points + Pay. With this option, you can partly pay through points and the remaining with a credit card.</p><p>There is a provision for converting the reward points to cash and adjusting the same towards credit card dues. How to convert SBI reward points to cash?<strong>&nbsp;</strong> You can either send an email to sbicard.com or call the SBI credit card customer care number, where the representative of SBI will assist you with the redemption process.</p><h2><strong>Air Mile Conversion of SBI Credit Card Reward Points</strong></h2><p>Some of the SBI credit cards have travel-related benefits. The reward collected using these cards can be converted into air miles and redeemed while booking air tickets. The SBI credit cards that offer this benefit are:</p><ul><li>Air India SBI Platinum Card</li><li>Air India SBI Signature Card</li></ul><p>The points earned out of the above cards can be redeemed only to book Air India flight tickets.</p><p>You can call the SBI credit card customer care number 1860 180 1290 or 39020202 for conversion of SBI Credit Card reward points to air miles. A minimum of 5000 points for the Air India SBI Platinum Card and 10000 points for the Air India SBI Signature Card is required for conversion of the points to air miles, and the redemption can happen only in multiples of 5000. The turnaround time for the conversion will be seven working days from the date of request.</p><p>SBI, in collaboration with Vistara Flights, has launched various cards wherein the reward points can be converted to air miles and redeemed while booking air tickets. The following are the SBI-Vistara cards&nbsp;</p><ul><li>SBI Card Elite</li><li>SBI Card Elite-Advantage</li><li>SBI Card Prime</li><li>SBI Card Prime-Advantage</li></ul><p>For every transaction with these cards, you earn Club Vistara points that can be converted to air miles and redeemed while booking air tickets on Vistara Flights.</p><h2><strong>SBI Credit Card Rewards Catalogue&nbsp;</strong></h2><p>You can choose to redeem your reward points for any of the products that are a part of the SBI Credit Card Rewards Catalogue. The product category in the rewards catalogue are listed below:</p><ul><li>Accessories</li><li>Luxury&nbsp;</li><li>Entertainment and Dining</li><li>Apparel</li><li>E-Voucher</li><li>Priceless</li><li>Preferred Partner</li><li>Electronics</li><li>Health and Fitness</li><li>Holidays and Travel</li><li>Kids Zone</li><li>Homeware</li><li>Lifestyle</li></ul><p>You can visit the official credit card website of the bank and redeem the points under the rewards section.</p><h3><strong>Frequently Asked Questions</strong></h3><h4><strong>✅ How to check the SBI Credit Card reward points summary?</strong></h4><p>There are various ways for checking the SBI Credit Card reward points summary.&nbsp;</p><ul><li>The credit card monthly statement will contain a section wherein the reward points details are available.&nbsp;</li><li>If you want more clarity regarding the reward points summary, you can either access your SBI Credit Card account through the web portal of the bank or through SBI mobile app and view the reward points summary.</li><li>You can also send an SMS to SBI Credit Card customer care number 5676791 in the format REWARDS, along with the last four digits of your credit card. The SMS should be sent from the registered mobile number.</li></ul><h4><strong>✅ How can I Redeem SBI Credit Card Reward Points?</strong></h4><p>The SBI credit card reward points can be redeemed in several ways. You can choose to redeem the points either online or offline.</p><p>To redeem the reward points online, you can do it through the SBI credit card website or through SBI mobile app.</p><p><strong>Through SBI Website</strong></p><p>Follow some simple steps for redeeming the reward points through the web portal of the bank.</p><ul><li>Log in to your credit card account using the login credentials.</li><li>Go to the ‘Rewards’ Section and click on ‘Redeem Rewards.’</li><li>Details like reward points, city and category have to be chosen from the drop-down menu</li><li>Go through the gift catalogue and choose the desired product.</li><li>Click on ‘Redeem Now’ as confirmation.</li></ul><p>The next step will be to pay for the product, which can be done entirely by redeeming the equivalent reward points or by choosing the ‘Points and Pay’ option, wherein it will be partly by redemption and partly by credit card.</p><p><strong>Through SBI Mobile App</strong></p><ul><li>Log in to the mobile app using the customer id and password.</li><li>Navigate to the ‘Rewards’ section on the home page</li><li>Under rewards, click on the ‘Redeem Rewards’ option.</li><li>Choose the reward points, city and category from the menu.</li><li>Have a look at the products available in the gift catalogue and choose.</li><li>Click on ‘Redeem Now’ to confirm.</li><li>Then continue with the redemption process by making payment for the product chosen.</li></ul><p>For redemption of the reward points offline, you can call the SBI Credit Card customer care number. You will be assisted by the representative of the bank with the redemption process. You can either chose a product from the gift catalogue, convert the reward points to air miles wherever applicable, or opt for SBI Reward Points convert to cash.</p><h4><strong>✅ How to convert SBI Credit Card Reward Points to Cash?</strong></h4><p>For SBI Credit Card reward points to convert to cash, you can either send an email to sbicard.com or call the customer care helpline. The reward points can be converted to cash and adjusted towards the credit card dues.</p><h4><strong>✅What are the charges for the redemption of SBI Credit Card Reward Points?</strong></h4><p>The bank collects Rs. 99/-plus applicable GST for the redemption of credit card reward points.</p><h4><strong>✅ What is the time required for the redemption of SBI Credit Card reward points?</strong></h4><p>The delivery of the E-voucher will take 3 to 10 working days, and the delivery of catalogue products will take 15 to 30 working days. Conversion of reward points to air miles will take about seven working days.</p>

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State Bank of India — one of the largest public sector banks with its headquarters in Mumbai, offers an array of financial products and services to its customers. The most attractive product offered by the bank is credit cards.

SBI Credit Card Reward Points Convert to Cash

<p>State Bank of India — one of the largest public sector banks with its headquarters in Mumbai, offers an array of financial products and services to its customers. The most attractive product offered by the bank is credit cards.</p>

<h2><strong>How to Deactivate SBI Credit Card?</strong></h2><p>You can follow many ways to cancel credit cards issued by banks in India. If you want to learn how to deactivate an SBI credit card, here is everything you need to understand regarding the process. Cancellation of any credit or debit cards should be made very carefully to avoid any financial issues. If the procedure is not correctly done, it may affect the cardholder. Therefore, it is imperative to carry out the cancellation process properly.</p><p>Several factors need to be considered as you decide to close your SBI card permanently. Many of them are associated with the procedure that can affect the closing process. Here is everything that you need to know regarding how you can deactivate your SBI card at your convenience at the earliest.</p><h2>How to Close SBI Credit Card?</h2><p>There are several ways that you can follow to deactivate your SBI credit card. Here are the four primary ways to close your credit card:</p><p>1. One of the most feasible ways to deactivate your SBI credit card would be to call the customer care toll-free number, 1860 180 1290, at the earliest. They will ask you to send a written request to them explaining your issue in a detailed manner. After that, he will need to request it through email. After verification, your credit card will be disabled permanently.</p><p>2. If you are looking for convenient answers to how to deactivate SBI credit card, you can submit an official email with your concerns.</p><p>3. It is also possible to close your SBI credit card by sending a credit card closure letter to the bank. The letter must be addressed to the branch manager of the bank. All your details regarding your credit card, your name, address, and other details need to be provided in the letter. You can find the branch's postal address online.</p><p>4. You can also take into consideration sending an online request to the branch manager. Request them to cancel your membership, close your SBI credit card at the earliest, and back it up with proper reasons. To follow this method, visit the SBI's official website. You will find a cancellation form that you will need to fill out and submit. After successfully verifying your details, your credit card will be disabled as soon as possible if your request gets approved.</p><p>If you want to know how to deactivate SBI credit card online, the best way would be to send an online request or drop an email to the branch manager of the nearest State bank. That way, the procedure will be over shortly and safely.</p><h2>Things to Keep in Mind</h2><p>Closing your credit card is a big decision that can affect many things in your financial journey. To be careful, you need to keep a few essential points in mind.</p><ul><li>If you have not cleared your dues, your verification procedure will not be successful. This will result in your failed application for your credit card cancellation. Before requesting to cancel your credit card, make sure to clear all the dues, and EMI is on the credit card.</li><li>Make sure you claim all the reward points you might have aren't using that card before applying for its cancellation.</li><li>If you do not take a written closer confirmation from the lender that your credit card has been closed, you might face some issues in the future. Make sure you get a confirmation with the lender's signature saying that your credit card has been closed permanently.</li><li>If you are wondering how to deactivate the SBI credit card and are willing to take the necessary steps, make sure you never attempt to make any further purchases from the same credit card. Once you raise a cancellation request to close your credit card to your bank, the card cannot be used by any party after that.</li><li>If you do not get the exact date of cancellation of your credit card, you might have to pay some extra fees and taxes. Try to get the exact cancellation date to avoid paying any additional taxes after your credit card is permanently blocked.</li><li>You also need to deactivate automatic bill payments to avoid paying an extra amount of money from time to time. You will also have to pay additional taxes and extra fees if you do not properly deactivate your automatic bill payment. Make sure your bank is cooperating with you in the cancellation procedure. Otherwise, you will have to end up paying more fees.</li><li>During canceling your SBI credit card, make sure you refrain from mentioning confidential information such as your CVV number or PAN number for safety purposes.</li></ul><h2>Consequences of Closing SBI Credit Card</h2><p>If you are thinking of how to deactivate SBI credit card, you need to keep in mind that a few consequences may occur in the future.&nbsp;</p><p>Some of the most probable consequences take place after closing an SBI credit card I mentioned below.</p><ul><li>If you happen to cancel a credit card that is one of your first credit cards, it will eventually affect your credit history. Canceling one of your first credit cards can shorten the length of your credit history. This may also lead to a negative effect on your credit score in the future.</li><li>Once you decide to close one of your credit cards permanently, it affects your overall credit limit. Along with affecting your credit history, it increases the credit utilization ratio. Your credit limit and credit utilization ratio are affected if you decide to cancel one of your first credit cards.</li></ul><p>Therefore, the major effect that you can expect after closing your SBI credit card will be on your credit score, which will also affect your overall credit limit. This is the most critical aspect that you should consider before going about canceling your credit card.</p><h2>Does a Cancelled or Closed Credit Card affect your CIBIL Score?</h2><p>If you have a bunch of credit cards and decide to close one of them permanently, the available credit amount is bound to reduce after canceling one of your credit cards.</p><p>Canceling your SBI credit card can also increase the credit utilization ratio, which will eventually negatively impact your CIBIL Score. In case you own only one credit card and you want to cancel that card, your credit score, in that case, will not be disturbed.</p><p>However, you have to make sure that you cancel your credit card after paying all your dues, and EMI is pending to be paid from that card.</p><h2>How to Reactivate a Deactivated SBI Credit Card?</h2><p>If you have already deactivated your SBI credit card and want to reactivate it again, here is what you need to follow:</p><p>You need to call the bank on their official helpline number at 3902 0202 or 18601801290. Use the former number if you are using a local STD code as a prefix.</p><p>You also have the option to send an email to their official email id sbicorporate.services@sbicard.com.</p><p>You will have to provide necessary details regarding yourself, your profession, and other details. After the formalities are over, the bank will verify your documents, and upon successful verification, the bank will reactivate your SBI credit card that you canceled earlier.</p><h3>FAQs</h3><h4><strong>✅1. </strong>What is the most important thing that I need to keep in mind before closing my SBI credit card?</h4><p>Ans: You should clear all your EMI's and dues that are supposed to be made from the credit card you are about to cancel. Also, make sure you never share any confidential information, including your PIN number and CVV, with anyone else.</p><h4>✅2. After doing the formalities, when will my credit card be officially closed?</h4><p>Ans: After your verification procedure gets over successfully, the bank will send you a written confirmation stating that your credit card has been canceled successfully.</p><h4>✅3. Will my credit card be considered useless after it is canceled?</h4><p>Ans: Yes. Once cancelled, your card will be of no use.&nbsp;</p><h4>✅4. How to deactivate an SBI credit card safely from home?</h4><p>Ans: If you are thinking of deactivating your SBI credit card following an online method, the most convenient way for you would be to drop an email to their official email ID explaining all the details they will need to move further with the cancellation process.</p><h4>✅5. What is the easiest way to cancel my SBI credit card?</h4><p>Ans: You can send an email with all the details or call the customer care number 18004253800 or 1800112211.</p><h4>✅6. Will my overall credit limit be hampered if I decide to cancel one of my credit cards?</h4><p>Ans: Yes. If you cancel one of your mini credit cards, it will have a negative impact on your overall credit score and credit limit.</p>

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You can follow many ways to cancel credit cards issued by banks in India. If you want to learn how to deactivate an SBI credit card, here is everything you need to understand regarding the process.

How to Deactivate SBI Credit Card?

<p>You can follow many ways to cancel credit cards issued by banks in India. If you want to learn how to deactivate an SBI credit card, here is everything you need to understand regarding the process.</p>

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