FAQ: How To Take Sbi Credit Card?

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What is the eligibility for SBI credit card?

The basic eligibility criteria required to apply for any SBI Credit Cards are as follows, Age of the primary applicant must be between 21 years to 60 years. Age of the add-on card applicant must be above 18 years. Must be either salaried, self-employed, student, or retired pensioner.

What is the limit of SBI credit card?

SBI card available credit limit: This is the amount available for usage at a particular point in time. For instance, if your maximum limit is Rs 2 Lakh, and you spend Rs 50,000, the available credit limit will be Rs 1.5 Lakhs. SBI card cash limit: The SBI card cash limit again varies from one customer to another.

How many days does it take to get SBI credit card?

Once you submit credit card application to SBI, the card will be delivered within 21 working days. The bank will send you timely alerts with the status of your application to your registered mobile number.

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How good is SBI credit card?

Even though some SBI Credit Cards may have joining fees, they give the best of Rewards and offers to customers. You could gather as many as 10 points for every Rs. 100 spent. If you are an online shopping addict, then SBI has the Simply Click Card with great offers from exclusive partners.

What is the minimum salary for credit card?

Credit Card Eligibility

Credit Card Provider Age Requirement Min. Income Requirements
HDFC Bank 21 – 60 years Rs. 13,500 per month
HSBC Bank 21 – 60 years Rs. 3.00 lakh per annum
ICICI Bank 21 – 60 years Rs. 15,001 per month
IndusInd Bank 21 – 70 years Rs. 30,000 per month

Can I get credit card with 10000 salary?

Can I get a credit card with a 10000 salary? You can get a credit card with a salary of Rs. 10,000, but you won’t have a wide variety of options when it comes to picking the credit card you want. You might not even be able to get a credit card from a specific lender that you prefer.

Can I have 2 SBI credit card?

If you wish to apply for an additional SBI Card, you can select ‘Yes’ for the ‘ Do you have an SBI Card ‘ question on the online application form for the SBI Card you wish to apply for and fill in the required details.

How is SBI credit card limit calculated?

SBI calculates credit card limit by evaluating your credit history based on your credit score, your debt-income ratio and other credit cards that you have availed. 5

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Is a credit card limit per month?

Your credit limit and card balance are reported to the credit bureaus each month. This information is used to calculate your credit utilization, which measures the amount of your credit limit that’s being used. It counts for as much as 30% of your credit score.

Why is my SBI card getting declined?

State Bank of India ( SBI ) has its own internal eligibility criteria for its credit card schemes. If any person does not satisfy this criterion then the credit card application will be rejected. Low Credit Score. One of the first and foremost reason for rejection is if the credit card applicant has low credit score.

Which SBI credit card is better?

10 Best SBI Credit Cards for 2021

SBI Credit Card Annual Fee Best Suited For
Air India SBI Platinum Credit Card Rs. 1,499 Travel
SBI StyleUp Contactless Card Rs. 499 Shopping
Yatra SBI Card Rs. 499 Travel
Club Vistara SBI Card PRIME Rs. 2,999 Travel & Rewards

How can I get a credit card instantly?

FAQs

  1. Visit sc.com/in.
  2. Choose the credit card of your choice.
  3. Fill in your details and verify with OTP to submit your application.
  4. Get instant Approval in Principle*
  5. Post successful validation of your KYC and other documents your Virtual credit card will be ready instantly.

What are the disadvantages of SBI credit card?

Disadvantages of Credit Cards:

  • Minimum due trap. The biggest con of a credit card is the minimum due amount that is displayed at the top of a bill statement.
  • Hidden costs.
  • Ease of overuse.
  • High interest rate.
  • Credit card fraud.
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Can I close my SBI credit card online?

Closing a credit card SBI credit card cancellation can be made through four ways. To close SBI credit card, a cardholder can call customer care number, send a written request, send a request through email or send a request through an online application. One should always close their credit card if it is unused.

What are the disadvantages of credit card?

Disadvantages of using credit cards

  • Established credit -worthiness needed before getting a credit card.
  • Encouraging impulsive and unnecessary “wanted” purchases.
  • High-interest rates if not paid in full by the due date.
  • Annual fees for some credit cards – can become expensive over the years.
  • Fee charged for late payments.

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