When it comes to offering the best credit cards to its customer, none can match State Bank of India. SBI is one of the leading public sector banks in India that has a wide range of products and services for its customers. The bank is known for its attractive credit cards which have special benefits and features. The bank has recently launched a one of its kind credit card- ‘Unnati’.
A SBI Unnati Credit Card is a secured card that can be availed with against a fixed deposit of at least ₹25,000. You will be thrilled to know that one can avail the card even if he has zero or low credit score. Yes that’s true. You can become a cardholder by having a deposit of the given amount. The best part is, the card is going to keep you happy with its exciting offers and reward points. The bank has waived off the annual fee for the first four years. Tighten up your seat belts as we go deeper into the world of the card provided by State Bank of India.
SBI Unnati Credit Card features and benefits-
This card is like a box full of exciting features. Let’s open it one by one.
Global acceptance- The card can be used in over 24 million outlets all across the world. You can swipe it for making transactions in any of the outlets that accept a MasterCard or Visa Card.
The facility to make Utility bill payment- Just in case, you don’t have sufficient money in hand, you can always use the card to pay the bills easily without any hassle.
Balance transfer on EMI- You can now save a whole lot of money while you repay your card dues. You simply have to transfer the outstanding balance of your credit card to a SBI Unnati Credit card. You can then repay the monthly EMIs at a lower interest rate.
Provision of add-on cards- You can now get a card for your family member or spouse or children and thus empower them. All you have to ensure is that they are above 18 years of age.
Easy Withdrawal of Cash- With the card in hand, you can easily withdraw cash from more than one million MasterCard or Visa ATMs all across the globe.
Option of Flexipay- With this facility, you can easily convert all your transactions into monthly EMIs. All you have to do is make a purchase of ₹2,500 or more using this card. Then you can login into the SBI website and convert the purchase into flexipay. The login has to be done with an username and password within thirty days of making a purchase.
Now let’s move on to the benefits of Unnati card. I am sure the benefits are going to excite you a lot. Have a look at them here.
Reward points- You can get one Reward point on every spend of ₹100. You can later redeem all the reward points accordingly.
No Annual fee for the first four years- As mentioned earlier you are not supposed to pay any kind of annual fees for the starting four years. Later on, a renewal fee amounting to ₹499 will be charged from you.
Milestone Rewards- If you make a spending of ₹50,000 or more you will get a cashback of ₹500. This applies to every year.
Advantage of complete fuel freedom- You can now get a surcharge waiver of 2.5% on any transaction made between ₹500 to ₹3,000. This is bound to avail this card as soon as possible. You should keep in mind that this does not include GST and other such charges.
Fees & Charges:
- No annual add-on fee
- Rewards redemption fee of ₹99
- Cash payment fee amounts to a sum of ₹500
- Card replacement fee of ₹100
- Finance charges are up to 2.5% per month. This totals to 30% per year
- Minimum amount due will be 5% of total outstanding amount (Minimum of ₹200, along with applicable taxes, EMI (On EMI Product) and OVL
- Cash Advance fee in SBI or other ATMs will be 2.5% of the transaction amount. It can be a minimum of ₹300
I believe now you have known about the important details of a SBI Credit card, you approach the nearest SBI branch for the same.
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