SBI Credit Card Interest Rates

SBI Card provides credit cards that are both secured and unsecured.

Both credit cards have different interest rates since secured credit cards have a lower interest rate. The following are the SBI cc interest rate details-

Here are a couple of top credit cards offered by SBI-

The various client needs are taken into consideration when designing the various SBI credit cards. As a result, the advantages are spread out over a variety of areas, including travel, shopping, fuel, and grocery, and they come in the form of points, discounts, and cashback. 

To help you better manage your finances, compiled below are a few standard features. Here is a list of them-

With the SBI Card, you can convert purchases totalling at least Rs. 2,500 into convenient EMIs within 30 days of the transaction.

You can effortlessly pay your power, mobile, telephone, and other utility bills using the "Easy Bill Pay" feature available on SBI credit cards. When you sign up for this service, your invoices are paid automatically using your credit card on predetermined dates, enabling you to make payments on time.

When you need money right away, you can quickly access it with your credit card. You can request a draft or check against the available cash limit using the "Easy Money" option, and it will be delivered to your registered address as well.

With credit cards of SBI, you can pay or transfer the credit card bill or outstanding balance of credit cards from other issuers and pay it off over time. In comparison to interest and penalties levied for late or minimal payments on credit cards, the interest charged on balance transfers is lower. You can avoid paying high interest rates and handle many cards with ease thanks to your SBI card.

The process to apply for the Credit Card SBI is -

Step 1: Access the SBI official website's 'Credit Cards' page.

Step 2: Enter your personal and contact information.

Step 3: Following the verification, a bank representative will contact you and ask you to walk you through the procedure.

Step 4: To obtain a credit card, you may be required to provide KYC documentation as well as evidence of income.

Alternatively, You can also apply for a credit card at a nearby SBI branch.

The individuals who are eligible to apply for credit cards are mentioned below-

• The principal candidate must be between the ages of 21 and 60
• Must be working, self-employed, a student, or a retired pensioner
• The applicant for the add-on card must be at least 18 years old
• The primary applicant should have a yearly gross income of up to Rs.3 lakh

Credit cards are issued by the State Bank of India to both salaried personnel and students. To take advantage of the perks given by credit cards, applicants must meet the bank's eligibility requirements.

Applying for a credit card is pretty simple, and the complete procedure may be begun by signing on to the SBI Card website. Once there, you can browse through all of the available cards and select the one you wish to acquire.

When you click the 'Apply' option, you will be directed to an application form where you must provide all of your information, including your name, occupation, annual income, PAN number, and cellphone number.

After completing the form, you will receive an OTP on your mobile phone, which you must enter in order to complete the transaction. The next step is to receive a call from a representative who will ask you to supply the required papers.

Here are some of the major credit cards of SBI and their respective features-

This credit card is best suited for individuals who are looking for rewards and travel and the users of this card will get a welcome benefit of the SBI Elite credit card is a gift voucher worth Rs. 5,000.

The SBI Card Prime is most suited for customers who are looking for shopping, rewards, and travel, and you get the E-gift voucher with Rs. 3,000 as a welcome gift.

The Air India SBI Signature Credit Card is best suited for travel and rewards, and the annual fee for the Air India SBI Signature Credit Card is Rs. 4999.

The IRCTC SBI Card Premier is best suited for customers looking for travel benefits with the joining fee for the IRCTC SBI Card Premier is Rs. 1,499.

The BPCL SBI Card Octane is most suitable for Fuel Purchases with the annual fee for the BPCL SBI Card Octane is Rs. 1,499.

The Nature's Basket SBI Card is best suited for grocery spending and benefits with the joining fee for the card is Rs. 1,499.

The Club Vistara SBI Card is best suited for travel, rewards, and welcome bonuses.

SBI bank credit card interest rate becomes applicable in three situations. The following are some additional details-

• Failure to pay the entire outstanding balance by the due date.
• Payment of a portion of the bill.
• Using the Credit Card, withdraw cash from an ATM.

Credit Card holders can enjoy no interest on their credit cards of SBI ranging from 20 to 50 days. It is the time between the generation of your last statement and the current due date. No interest is imposed on any of the purchases during this time period.

Note the following two points in mind regarding the credit card interest-free period-

• If you carried over an outstanding balance from the previous cycle to the current cycle, the interest-free period does not apply.
  
  
• Cash withdrawals are not subject to the interest-free period.

There are numerous reasons why you should have a Credit Card of SBI-

SBI Cards provide a variety of advantages to their users. For example, the company's Elite Card comes with an Rs.5,000 certificate as a welcome gift, as well as various other bonuses like Rs.6,000 in movie tickets and up to 50,000 reward points, which translates to Rs.12,500.

Although there are other credit card companies in the country, none is more popular than SBI, which may provide you with access anywhere in India and around the world, depending on the card you own. This is another reason to own an SBI Card.

SBI has a card for every user that is tailored to their specific needs.