Before one applies for any credit card, there are basic eligibility criteria that need to be fulfiled. Likewise, SBI Credit Card eligibility criteria vary, and therefore, it remains important to fulfil the eligibility criteria first, so the chances of rejection for an SBI Credit Card are minimal.
There are some basic eligibility criteria that are listed by SBI. While some of them may differ depending on occupation and other factors, some basic criteria are always looked at before a credit card is issued to anyone. Here we will talk about some of those SBI Credit Card eligibility factors that can help you understand before you apply for them.
SBI has defined certain factors for both salaried and self-employed individuals in order to apply for a credit card. Here are some of them:
Annual Income: An individual who wishes to apply for a credit card must have a stable source of income. For salaried as well as self-employed, the minimum annual income should be Rs. 2 lakh.
Age: SBI has also mentioned the minimum and maximum age limit at which any individual can apply for a credit card. The minimum age limit should be at least 21 years, and the maximum age is 70 years.
Credit Score: While individuals who are new to credit cards will have to build a credit score over the years for existing customers, a credit score is one of the important criteria that SBI looks into. A good and strong credit score is highly recommended before you apply for any SBI Credit Card. An ideal credit score is 750 and above. Individuals with a lower credit score can also apply for a credit card, but the risk and chances of rejection are higher.
Documentation: For any application for a credit card, the bank might ask for your salary slips, your bank statements, along your proof of identity and address.
Additional Info: Know about the Types of SBI Debit Card.
Apart from the salaried and self-employed individuals, students can also apply for a credit card. There are many SBI credit cards for students that come with a low annual fee and, at the same time, are packed with benefits for students. If you are a student and looking to apply for a credit card, here are some of the things to keep in mind:
Also Check: SBI Credit Card PIN Generation.
|Credit Card||Minimum Income Required|
|SBI SimplySave||Rs.20,000 per month|
|SBI SimplyClick||Rs.20,000 per month|
|SBI Card Elite||Rs.60,000 per month|
|SBI Student Plus Advantage||You need to have a fixed deposit at any SBI branch and be applicable for students who have taken an education loan.|
|SBI StyleUp Contactless||Rs.20,000 per month|
|IRCTC SBI Platinum||Rs.20,000 per month|
|Air India SBI Platinum||Rs.40,000 per month|
|SBI Card Prime||Rs.32,000 per month|
Excluding the other parameters, below mentioned are some of the basic factors through which you can check SBI Credit Card’s eligibility:
Before applying for a credit card, you can also contact the SBI customer care executives, and they can guide you further if you are eligible for a specific SBI Credit Card.
Also Check: SBI Credit Card Cibil Score
In order to check your credit card application status, you can check online with the following steps:
Step 1: Go to the SBI Cards website https://www.sbicard.com/
Step 2: There, you will find 'Track Application'
Step 3: Select ‘Check status of application’ under that
Step 4: Fill in the Application/Reference number
Step 5: Click on the track, and you will then see your current credit card application status.
Alternatively, you can also contact SBI credit card customer care executives to check the status of the same.
Additional Reading: Check cibil score by pan card
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Redemption can be done via the website www.sbicard.com or through the SBI Mobile App. Redemption against cash can also be done in writing by sending an email to sbicard.com/email.
Here are the steps to take:
Redeeming cash gains off reward points is easy. Just send an email to sbicard.com/email to notify SBI of your request or simply call the helpline.
For E Vouchers, it will take between 3 to 10 working days. Reward catalogues take between 15 to 30 working days.
Payments can be made using one of two options. An online option and an offline option.
The majority of the SBI credit cards come with an annual fee, but there are a few credit cards that do not have any annual fee. SBI Unnati credit card is one such card that comes with the feature of waiving off annual fees.
How can I know if I am eligible to apply for a credit card?
There are some basic eligibility factors set by SBI:
The basic meaning of credit limit is decided by the bank before the credit card is issued to you. Based on your credit history and your annual income, the bank sets a credit limit on your card that you can spend in a month. The bank later also gives an option of upgrading the credit card that includes a higher credit limit as well.
You can apply for SBI Credit Card by contacting the SBI bank branch for the customer care helpline.
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