Requirements to get SBI Credit Card
Other eligibility criteria to be met
SBI offers a variety of credit cards to suit the various needs and levels of affordability of its customers. It offers lifestyle cards, rewards cards, shopping cards, travel cards as well as a range of premium cards, which means there is more than enough selection of cards for potential customers to choose from.
Am I eligible for an SBI credit card?
It is your credit score, credit history and current income that largely determine whether you are eligible for a credit card. If you have a credit score of 750 or above, you have a good chance of qualifying for a credit card. It is possible to be approved for a credit card even with a score of less than 750, but you might be offered less attractive terms and conditions like a higher interest rate or lower credit limit.
If you are planning to apply for an SBI credit card, the first thing you should do is check your credit score. If it is less than 750, take time to improve your score before applying. This way you avoid the chance of rejection that will cause your credit score to drop further. Having a good credit score means that you can get approved for the card you want and avail of good repayment terms.
How do I choose which SBI credit card is best for me?
The best way to choose a card is to research all the options and see which card you are eligible for and suits your requirements. For instance, your monthly income is often one of the eligibility criteria, so if your income is not sufficient, do not consider the card as you might be rejected. Also, if you do not use air travel much, then a card that offers free airline miles is of no use to you.
The SBI website can help you decide which card you are eligible for and suits your needs. Using the tool can help you narrow down which credit card best matches your requirements and that you could apply for.
You could also apply online on the SBI website with just your name, phone number and city of residence and a bank representative can contact you about your application.
How do I apply for an SBI credit card?
Once you have decided on which card you want, it is easy to apply. You could log on to the SBI website and submit the application online. You will receive an application reference number once you have successfully uploaded the application. You can use this number to check the status of your application online.
Alternatively, you could walk into an SBI branch and submit the application form with the requisite documentation in person.
FAQs - How to get an SBI credit card
1. What is the minimum credit score needed for an SBI credit card?
The minimum credit score needed for an SBI credit card is 750.
2. How can a person apply for an SBI credit card?
The SBI credit card can be applied by visiting the nearest branch of the bank or by making an online application for the same.
3. How is the credit limit for an SBI credit card determined?
The credit limit for an SBI credit card is determined based on the income of the applicant along with their past credit history among other factors.
4. What are the common benefits of SBI credit cards?
The common benefits of SBI credit cards are reward points, fuel surcharge waiver, travel benefits among others.
5. Can a person hold multiple SBI credit cards?
Yes. A person can hold multiple SBI credit cards provided they make their payments on time.