How to apply for an SBI credit card

How to apply for an SBI credit card

Selecting the right credit card depends on your income, your monthly expenditure pattern and how you plan to use your card. When choosing a credit card, you need to check 4 things:

1.What is the interest rate on the card?

2.What are the fees and other terms and conditions of use?

3.Are the benefits (like cash back or rewards plan) appropriate for your priorities?

4.Are you eligible in terms of income?

SBI offers a wide range of credit cards that cater to various levels of needs and financial situations. Below are some of the types of credit cards that SBI offers:

1.Lifestyle credit cards

2.Rewards cards

3.Shopping cards

4.Travel cards

5.Banking partnership cards

How to choose and apply for an SBI credit card

When you go online onto the SBI website, click on the “Personal’ tab and then click on the ‘Credit Cards’ option. You can opt to give your name, mobile number and city and authorize a representative of the bank to contact you with details about SBI credit cards.

Alternatively, the Simplifier tool on the SBI website helps you choose the card that is best suited to your needs, based on your income and your monthly expenditure pattern. The online tool is very easy to use, helps you narrow down which card/s suit your requirements and suggests possible SBI credit cards based on your answers. You can learn about each of the cards in detail on the website before making a decision on which one to apply for.

You can apply for a credit card in two ways:

1.In person: You can walk into an SBI branch and submit the application form and documentation required.

2.Online: You can apply for a credit card on the SBI website. You need to enter your personal details and provide documentation for ID and income proof among others.

Once you submit your application, you will receive a number that you can use to track your application. Use this number as a reference number anytime you want to learn about the status of your credit card application.

Tips to keep in mind when you apply for an SBI credit card

If you are planning to apply for a SBI credit card, the first thing you should do is to check your credit score. It is a good idea to obtain a copy of your credit report to check your credit score before applying for a card.

If your score 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 even further. Having a good credit score means that you can get approved for the card you want and can avail of good repayment terms.

How do I choose which 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. Or, if you do not use air travel much, then a card that offers free airline miles is of no use to you and you are better off choosing another card with more appropriate benefits.  

Apply for the credit card for which you have the best chance of being approved in terms of income eligibility etc. If your application is rejected due to insufficient income or poor credit score, it will be more difficult to be approved for a credit card or loan in the future.


Add a Comment

Thanks for your comment. Your comments will be posted on admin approval.

Comments (0)
Check your Free Credit Score Online

As part of our efforts to make the end consumer services affordable and available at price points which are favourable to the customer, CreditMantri may receive fees / commissions from lenders.

CreditMantri ™ is a registered trademark of CreditMantri Finserve Private Limited. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders.

CreditMantri was created to help you take charge of your credit health and help you make better borrowing decisions. We support customers with every kind of credit profile - those who are new to credit and have a minimal or nonexistent record; those who have a problematic history; and those who already enjoy a healthy profile. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. How do we help you? We enable you to obtain your credit score instantly, online, real time. We get your Credit Score online and provide a free Credit Health Analysis of your CIBIL or Equifax report. Based on the analysis, we help you discover loans and credit cards best suited for your credit profile. We help you understand your Credit Profile, Credit Information Report (CIR) and know where you stand. We are a one-stop shop for all your credit needs. We make it easy for you to browse through and compare the various financial products on offer on the market; access our free and user-friendly online tools; and finally, enjoy a stress-free application process with quick approvals. We ensure that you have a better shot at getting an approval for a loan or credit card you apply since we match the lender’s criteria to your credit profile. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product. We achieve this with a cutting edge combination of data science and technology that ensures that both lenders and borrowers have a transparent common platform to make their decisions. We treat your data with the utmost confidentiality and will never share or sell it to anyone. That is our CreditMantri guarantee. Our dedicated and best-in-class customer service will go the extra mile (or two) to support you on every step of your credit journey. Our 1 Million happy customers are our best testimonial.

CreditMantri is India’s No. 1 site for Credit Analysis and Free Credit Score Online. Let us help you take control of your credit goals and unlock the door to your financial freedom.