Credit cards are handy while shopping, online booking, dining and much more. It is one of the best forms of credit that enables you to spend and pay later. A credit card can be a useful tool as well as a burden depending on your usage and repayment.

State Bank of India, the largest bank in the country, has introduced a new credit card ‘Unnati Credit Card’ which will not be charged for the first four years. Read on to know more about the features and benefits of the credit card.

About State Bank of India

The State Bank of India, founded in 1806 is one of the oldest commercial banks in Asia. It is a major banking and financial services public sector company with more than 24,000 branches and 59,000 ATMs. It is the largest bank in India which has a 20% market share in deposits and loans among commercial banks, truly being a bank for every Indian.

Features of Unnati Credit Card

Unnati Credit card is a secured card that is not charged for the first four years. As it is a secured credit card, the cardholder must have a fixed deposit of INR 25,000 or more in his/her account. The features of the card are

  • Annual fee of INR 499 waived off for the first 4 years. You will be start paying for the 5th year and so on.

  • You can use your Unnati credit card to make payments in any outlet that accepts Visa or Mastercard.

  • You can use the card across the globe in 24 million outlets, including 3,25,000 in India.

  • You can get add-on cards for your family who are above 18 years of age.

  • You can withdraw cash from over 1 million ATMs across the globe.

  • Through easy bill pay facility, you can pay your telephone, mobile and other utility bills.

  • Balance transfer on EMI: This can save you some money while paying your dues.

  • Flexi pay to convert your purchase for INR 2,500 and more to EMI.

  • Easy money facility enables you to get draft or cheque and get it delivered at your doorstep.

Benefits of Unnati Credit Card

Following are some of the privileges and benefits that you can get from this card.

  • You can get 1 reward point for the spent of INR 100 and redeem it on a wide range of gifts.

  • You can get INR 500 on the spends of INR 50,000 or more

  • 1% of fuel surcharge waiver for the transaction between INR 500 and INR 3000

This is a wonderful opportunity if you are looking for a credit card that matches your basic needs.

Apply Through CreditMantri

CreditMantri pre-screens your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Credit Card. Hence the chances of your Credit Card application getting approved is higher.