SBI Credit Card Interest Rates

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-

Here are some of the interest on SBI credit 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 65
• Must be salaried, self-employed, a student, or a retired pensioner with a stable source of income
• Appropriate credit history

• Proof of Identity such as Aadhar Card, Voter ID Card, PAN Card, etc.
• Address Proof
• Income Proof for self-employed and salaried individuals

You can redeem SBI credit card reward points through online and offline mediums.

Redeem SBI Credit Card Reward Points via Net Banking

• Step 1 - Login to the SBI Card website.
• Step 2 - Visit the ‘Rewards’ section and click on ‘Redeem Rewards’.
• Step 3 - Next, filter the Reward Points, City, Category, etc.
• Step 4 - Browse the items on the ‘Rewards Catalogue’ and pick one as per your choice.
• Step 5 - Click on ‘Redeem Now’.

SBI Credit Card Reward Points Redemption via Mobile Banking

• Step 1 - Login to SBI Card mobile application.
• Step 2 - Click on ‘Rewards’ on the left-hand side and click on ‘Redeem Rewards’.
• Step 3 - Go through the Rewards Catalogue and ‘Select’ the reward items as per your wish.
• Step 4 - Click ‘Redeem’ and then confirm.

Offline Redemption of SBI Credit Card Rewards

You can redeem the credit card reward points offline through SBI’s Customer Care. Simply call the SBI credit card customer care number and connect with a customer care executive. He/She will assist you to redeem your reward points.

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.