There are two categories of Allahabad Bank Credit Cards, namely Working Capital Credit Cards and Personal Credit Cards.
Working Capital Credit Cards
Personal Credit Card
There are two categories of Allahabad Bank Credit Cards, namely Working Capital Credit Cards and Personal Credit Cards.
Working Capital Credit Cards
Personal Credit Card
Be it a Working Capital Credit Card or a Personal Credit Card, there are several features and benefits that you can enjoy with the credit facilities offered by Allahabad Bank. Some salient features of these cards are as follows:
The benefits of choosing Allahabad Bank Credit Cards are as follows:
With the Credit Cards provided by Allahabad Bank, you have the advantage of a host of features. Here is a detailed list of features of each Credit Card to help you understand which one suits your needs the best.
Name of the Credit Card | Purpose | Loan Amount | Repayment Period | Margin and Security | Rate of Interest |
Allahabad Bank Weavers Credit Card | This Credit Card is provided to facilitate any activities related to weaving or to ancillary workers associated with weaving. |
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| Rate of interest is based on the profile of the borrower and ranges from the Base Rate to Base Rate+ 1.5% per annum. |
Allahabad Bank Artisan Credit Card |
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| The interest rate is based on the profile of the borrower and is between Base Rate to Base Rate + 1.5% per annum |
Allahabad Bank Laghu Udhyami Credit Card |
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| The interest rate varies as per the profile of the borrower and varies from Base Rate to Base Rate + 5%. |
Allahabad Bank General Credit Card | This card is issued for any entrepreneurial venture that belongs to the non-farming sector in order to increase credit flow. |
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| Interest rate is based on the profile of the borrower. |
Allahabad Bank SBI Prime Card |
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Allahabad Bank Working Capital Credit Cards do not provide any reward points to customers. However, with the Allahabad Bank Personal Credit Cards, you have the following reward point options.
The fees and charges on your Allahabad Bank Credit Card are as follows:
Name of the Card | Joining Fees | Annual Fees |
Artisan Credit Card | NIL | NIL |
Weavers Credit Card | NIL | NIL |
General Credit Card | NIL | NIL |
Laghu Udhyami Credit Card | NIL | NIL |
Allahabad Bank SBI Prime Card | 2,999 | 2,999 |
There are no additional charges applicable for the Working Capital Credit Cards offered by Allahabad Bank.
The charges applicable for Allahabad Bank SBI Prime Card are as follows:
Add on Fee | NIL |
Extended Credit | Interest Free Period of 20-50 days applicable if previous dues are cleared in full.
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Cash Advance |
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Cash Advance Fee |
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Cash Payment Fee | 100 |
Cheque Pick Up | 100 |
Dishonor of Payment | 100 for every statement that is over 2 months old. |
Cheque Fee | 100 for payments upto 10,000 |
Late Payment Fees |
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Over Limit | 2.5% of amount exceeded |
Card Replacement | 100 |
Foreign currency exchange | 3.5% |
Rewards Redemption Fee | 99 |
You have the following options to apply for your own Allahabad Bank Credit Card:
Steps to apply through bank website
For Working Capital Credit Cards, the online application facility is unavailable.
You can apply for the Allahabad Bank SBI Prime Credit Card using the following steps:
Steps to apply offline
The eligibility criteria for Allahabad Bank Credit Cards are as follows:
Name of the Card | Eligibility Criteria |
Artisan Credit Card |
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Weavers Credit Card |
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General Credit Card | Entrepreneurs involved in non-farming activities. |
LaghuUghyami Credit Card | Any borrower under the ISB sector with a good relationship with the bank and a credit limit of up to 10 Lakhs. |
Allahabad Bank SBI Prime Card |
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The documents required are as follows:
The options available to make your Allahabad Bank Credit Card Payment are as follows:
Online
Offline
You can get in touch with Allahabad Bank using the following contact numbers:
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Working capital card facilities are available to professionals, self-employed individuals, artisans, weavers and other small and micro businesses that require immediate credit options for the purchase of equipment or any tools.
You have a repayment tenure of up to 7 years with the term loan offered and tenure of up to 3 years for the working capital. The working capital is subject to an annual review.
The rate of interest available is based on the Base Rate. Depending upon the type of facility that you choose, you get an interest between the Base rate and up to Base Rate + 5.00%.
The loan amount available with the working capital cards is up to 2 Lakhs. This is based on the hypothecation of book credits and assets.
The current finance charges on transactions made through your Allahabad Bank SBI Prime Card are as 3.5% per month. These charges are applicable from the date of the transaction.
You can withdraw up to 80% of the credit limit available on your Credit Card. This is subject to a maximum withdrawal of 15,000 per day.
Yes, you can use your Allahabad Bank SBI Prime Card in over 24 million outlets globally.