How to Apply SBI Credit Card? What are necessary documents
apply for an SBI credit card online, you need to follow the steps given below so that you can easily submit your credit card application on the bank's website.
Friends, in the last post we discuss what is a credit card. Today we will learn about SBI Credit Cards, what types there are, and how to get one. What documents are needed for this? We will learn more about this in detail.
All banks put some terms and conditions in front of their customers before providing them with a credit card, and without fulfilling those conditions, we cannot get a credit card. In order to get a credit card, you must do this. Before doing so, you should learn about credit cards and understand their advantages and disadvantages.
SBI Credit Card Type:
|SBI Credit Card||जॉइनिंग फीस||वार्षिक फीस||इसके लिए उपयुक्त|
|SBI SimplySave Credit Card||₹ 499||₹ 499||Shopping|
|SBI SimplyClick Credit Card||₹ 499||₹ 499||Shopping Online|
|SBI Card Prime||₹ 2,999||₹ 2,999||Travel, Shopping, Rewards|
|SBI Card Elite||₹ 4,999||₹ 4,999||Travel and Rewards|
|BPCL SBI Octane Credit Card||₹ 1,499||₹ 1,499||Fuel and Rewards|
|Air India SBI Signature Credit Card||₹ 4,999||₹ 4,999||Travel and Rewards|
|IRCTC SBI Card Premier||₹1,499||₹1,499||Travel|
|Club Vistara SBI Card Prime||₹ 2,999||₹ 2,999||Travel & Rewards|
How To Apply For SBI Credit Card:
To apply for an SBI credit card online, you need to follow the steps given below so that you can easily submit your credit card application on the bank’s website.
Step 1- First of all you have to go to the website of SBI Bank, for this click on the website.
Step 2 – Now you have to click on apply as shown in the image above.
Step 3 – Now SBI Credit Card types will appear, out of these you have to select the card as per your requirement and if you are using the card for the first time, you can simply click on SBI Card or Save Card, and then click on the selected card.
Also, read this: What is Credit Card? How It Works, and How to Get One
Step 4: Now a form will open in front of you, you have to fill it completely, such as your full name, your city name, what you do, your date of birth, your education, your annual income, your PAN number, E-Mail ID and your mobile number.
After this, you have to click on Verify Mobile Number and enter the OTP number that will come on your mobile instead of Enter OTP. After that check, the box done in the term and conditions given below, and click on the Next button.
Step 5 – Now select your gender.
Step 6 – Enter your home address in the residential address box.
Step 7- Enter your work area and work area address in the box below.
Step 8 – Select the mailing address, i.e. where you can receive the documents sent by the bank, and also if you already have an account with SBI bank, click yes and otherwise, click check number.
Step 9 – Check the term and condition box.
Step 10 – Click on the instant decision box as shown below.
Based on your information, you will see the information, and if you are found eligible, an Application No will be sent to your mobile through which you can track your application.
After this, you will get a call from SBI Customer Care, in which your application information will be verified, and if everything is correct, you will have to submit a passport-sized photo and identity card. It takes between 20 and 25 days for your credit card to arrive at the address you provided.
What are the documents required for Credit Card:
Some important documents are required to get a credit card, whose list is given below.
Address Proof:- Passport /Driving License /Voter ID
Identity Proof:- Bank Statement / Pension Book / Voter ID / Aadhaar Card / Driving License
Income Proof:- Bank Statement / Salary Slip / Income Tax Return as well as PAN CARD and Passport Size Photo.
These three documents are mandatory for SBI Credit cards.
What are the Benefits of an SBI Credit Card:
Talking about some of the benefits of credit cards, are as follows.
You don’t have to pay the money at one go to make purchases or spend for your needs, but you get about 1 month’s time from the bank, which gives you the flexibility to repay the money.
EMI option is available on the purchased goods, that is, many companies offer an EMI facility to the card holders on their goods so that you can add the goods you need in easy installments.
Improve Credit Score
If you pay the money spent on the card at the right time, then it builds your good credit score, which means you build a good image, which makes it easier to get loans in the future.
With a credit card, you get the facility of money in an emergency, that is, if you do not have money at any time and there is a need, then there is an option to use the card.
Disadvantages of Credit Cards:
Along with the advantages, there may be some disadvantages that you have to deal with, let us know what they are.
Many times we spend more than necessary because of the convenience of credit cards, because when spending we keep in mind that the money will have to be paid later, which remains the risk of wasted spending.
High-Interest Payments Due to Delay
This gives advantages in payment, but if there is a delay in depositing the card bill, a lot of interest or fees have to be paid, so the customer always tries to pay the bill on time.
Many times, all the fees or annual fees applied to the credit card are not told by the bank to the customer or say they are hidden, so always try to get the complete information from the card.
Additional Charges for Money Deducted
If for some reason you need to withdraw cash via a credit card, you will have to pay more fees or interest, so always avoid withdrawing cash from the card.
What is the daily limit of an SBI credit card?
Most SBI credit cards have a daily limit of Rs. 40,000. However, there are some cards that have a higher limit of Rs. 1 lakh. To know the daily limit on your card, you can check the limit mentioned in your credit card statement or contact customer care of SBI.
However, there are some restrictions on the number of transactions you can make in a day. For example, you may only be able to make 3 transactions in a 24-hour period.
Does the SBI credit card has an annual fee?
SBI credit cards do have annual fees, but they vary depending on the card. For example, the SBI Elite credit card has an annual fee of Rs. 4,999, while the SBI Signature credit card has an annual fee of Rs. 2,999. However, both of these cards offer a host of benefits and perks that make the annual fee worth it.
For example, the SBI Elite card offers 5% cash back on all spends, while the SBI Signature card offers complimentary access to airport lounges.
Can I get an SBI credit card without an income?
Yes, you can get an SBI credit card without income. However, you will need to have a good credit score to be approved for one. SBI offers a few different credit cards, so you will need to compare them to see which one is right for you. You can also apply for a secured credit card, which is backed by a deposit you make.
What is the minimum due on a credit card?
The minimum due on your credit card is the smallest amount you can pay on your card bill each month. Your credit card issuer will typically set your minimum due at 2% of your total balance, or $30, whichever is greater.
Paying only the minimum due can result in costly interest charges and take a long time to pay off your credit card balance. If you can, try to pay more than the minimum due to save on interest and reduce your debt faster.
How do I increase my credit card limit?
There are a few things you can do to try to increase your credit card limit. One is to simply ask your credit card issuer for a higher limit. You may need to provide some financial information to support your request, but it’s worth a try.
Another option is to try to improve your credit score. If you have a good credit score, your issuer may be more likely to increase your limit. You can improve your credit score by paying your bills on time, maintaining a good credit history, and keeping your debt-to-credit ratio low.
Finally, you may be able to transfer some of your credit lines from one credit card to another. This can be a good option if you have a high limit on one card and a low limit on another. But be sure to check with your issuer first to see if this is possible.
Increasing your credit card limit can be a good way to give yourself some extra financial flexibility. But be sure to do your research and understand the terms and conditions of your credit card before you make any changes.
Can you buy a car with a credit card?
It’s possible to buy a car with a credit card, but it’s not always the best idea. Here’s what you need to know about using a credit card to buy a car.
When you use a credit card to buy a car, you’re essentially taking out a loan. That means you’ll have to pay interest on the loan, and if you don’t pay it off in full every month, you’ll also be charged late fees.
Additionally, most credit cards have a limit on how much you can spend. So if you’re planning to finance a car, you’ll need to make sure that your credit card limit is high enough to cover the cost.
Finally, keep in mind that you’ll need to make at least the minimum payment on your car loan every month. If you miss a payment, you could damage your credit score.
So, is it possible to buy a car with a credit card? Yes. But is it the best idea? That’s for you to decide.
Can you buy a house with a credit card?
In short, the answer is no. You cannot buy a house with a credit card. However, you may be able to use a credit card to help with the down payment or closing costs.
There are a few things to keep in mind if you’re thinking about using a credit card for a large purchase like a house:
1. You’ll likely have to pay a higher interest rate.
2. You’ll need to be sure you can actually afford the monthly payments.
3. You’ll need to be aware of any potential scams.
4. You’ll need to be sure the house is actually worth the price you’re paying.
5. You’ll need to be prepared for the fact that your credit card company may not give you the full amount you’re asking for.
In the end, using a credit card to buy a house is possible, but it’s not advisable. There are better ways to finance your home purchase.
What is the SBI Credit Card Customer Care number?
SBI credit card customer care number is 1800 180 1290.