SBI Unnati credit card is ideal for low-income groups. The annual fee on this card has been waived off by the bank for the first 4 years. Some of the features and benefits of this card are:

  • Zero fee card – This card can be availed free of cost for the first four years. 
  • Worldwide Acceptance - 
    • SBI Unnati credit card can be used in over 24 million outlets across the globe. The card can also be used at nearly 3,25,000 outlets in India.
    • This card can be used to make payments at any outlet that accepts Visa or MasterCard.
  • Contactless Benefits - 
    • Users can make daily purchases easily with SBI Card Unnati. It only needs to be waved at a secure reader to transact.
    • The card avoids the need to look for cash /coins for daily small purchases
    • The card doesn’t have to leave the user’s hand while making a contactless transaction. This significantly reduces the risk of card loss and fraud. Even if a user waves the card multiple times at the reader, the security key feature of the card ensures that only one transaction is done.
  • Fees and charges -
    • Annual Fee for first 4 years: Nil
    • Renewal Fee from 5th year onwards: Rs 499
    • Annual Add-on Fee: Nil

The SBI Unnati card comes under the secured credit cards category since it is issued against a minimum fixed deposit of Rs. 25,000. The card can also be availed by individuals who have a low or zero credit history.