SBI Offers a range of credit cards for everyone’s needs and requirements. Let us take a look at what are the top SBI credit cards that one should go for.

 

Top SBI Credit Cards in 2023

 

SBI Card ELITE Advantage

Simply SAVE SBI Card

SBI Card PRIME Business 

Minimum Savings

Rs. 33,000 annual savings

Rs. 4,000 annual savings

Rs. 30,000 annual savings

Welcome Gift

Worth Rs. 5,000

Welcome offer worth Rs. 500

E gift voucher worth Rs. 3,000

Rewards

5X reward points on grocery, departmental stores, and dining spends

10X reward points on grocery, departmental stores, movies, and dining spends

5X reward points on grocery, departmental stores, movies, and dining spends

2 reward points for every Rs. 100 spent

1 reward point on every Rs. 100 spent

7.5X rewards on Preferred partners and 10X rewards on birthdays

4 reward points = Re.1

4 reward points = Re.1

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Vouchers

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Pizza hut e-voucher worth Rs. 1,000 on quarterly spends of Rs. 50,000

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Pantaloons/Yatra gift voucher worth Rs. 7,000 on annual spends of Rs. 5 lakhs

Fuel Surcharge Waiver

Up to Rs. 250 every month

Up to Rs. 100 every month

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BookMyShow offer

2 movie tickets every month worth Rs. 250

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Priority Pass Program

Complimentary membership

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4 complimentary visits to international lounges

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Complimentary membership to Trident Privilege Red tier and Club Vistara Silver Tier

Concierge Services

Exclusive services for lifestyle offer

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Rewards Catalogue

Exclusive rewards catalog across categories like travel, superstore, holiday vouchers, etc.

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Annual fee reversal

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On spends of Rs. 1 lakh a year

On spends of Rs. 3 lakhs a year


Key Highlights of SBI Card Elite Advantage

  1. Annual and Renewal fee of Rs. 4,999
  2. Welcome gift voucher worth Rs. 5,000
  3. Mastercard/Visa Privileges
    1. Complimentary 4 rounds of golf
    2. 10% off on Hertz car rental
    3. 35% off on Avis car rental
    4. Benefits across 900 luxury hotels around the world
    5. Offers on Kaligo.com
  4. Fraud liability cover up to Rs. 1 lakh
  5. Flexipay – Flexibility to pay back in installments
  6. Balance transfer on EMIs

Key Highlights of SBI Simply SAVE SBI Card

  1. Annual and Renewal fee of Rs. 499
  2. Rs.100 cash back on your very first ATM cash withdrawal
  3. Flexipay – Flexibility to pay back in installments
  4. Balance transfer on EMIs

Key Highlights of SBI Card Prime Business

  1. Annual and Renewal fee of Rs. 2,999
  2. Welcome gift worth Rs. 3,000
  3. Waiver of annual fee on spends of Rs. 3 lakhs
  4. E-gift voucher from Yatra worth Rs.7,000 on spends of Rs. 5 lakhs
  5. Metro loyalty program
  6. Yatra – Rs. 750 discount on flight bookings above Rs. 6,000
  7. Yatra – 20% off on hotel bookings
  8. Get 15% off on F&B at Lalit hotels
  9. 25% off on bookings at Sarovar hotels
  10. 20% off on booking hotels and homestays via travelguru.com
  11. 15% off on Bookmyad on the text and display classified ads
  12. Club Vistara membership
  13. Flexipay – Flexibility to pay back in installments
  14. Balance transfer on EMIs

Fees and interest charges for SBI Credit Cards

Type of fee

Fee

Cash Advance Fee

2.5% or Rs.500, whichever is higher

Cash Payment Fee

Rs. 250 + Taxes

Interest-free grace period 

20-50 days

Finance charges

3.5% monthly (42% annually)

Late payment charges

NIL for outstanding between 0-500

Rs. 400 for outstanding between Rs. 500 to Rs.1,000

Rs. 750 for outstanding between Rs. 1,000 to Rs.10,000

Rs. 950 for outstanding between Rs. 10,000 to Rs.25,000

Rs. 1100 for outstanding between Rs. 25,000 to Rs.50,000

Rs. 1300 for outstanding greater than Rs.50,000

Payment Dishonor fee

2% of the payment amount subject to a minimum of Rs. 500

Rewards Redemption Fee

Rs.99

Card Replacement fee

Rs.100 to Rs.250

Credit Limit increase fee

Rs.200

Network change fee 

Rs.200

Cheque payment fee

Rs.100

Foreign currency transaction fee

3.50%

Processing fee

Rs.99

 

The application process for SBI Credit Cards via CreditMantri

Applying for the SBI Credit Cards via CreditMantri is a simple and straightforward process. You can do that in a few simple steps listed below –

  1. Click on “Apply”
  2. Fill in details like Mobile number, email ID, Residence city, Residence pin code, Employment type, and info about any loans that you may have
  3. Tick all checkboxes for agreement terms.
  4. Click on “Submit”
  5. Input the OTP received on your registered mobile number.
  6. Proceed with the rest of the application to complete the process.

The application process for the SBI Credit Cards via the SBI website

  1. Go to the SBI official website
  2. Go to the “Credit Cards” section
  3. Choose the credit card you like
  4. Click on “Apply Now”
  5. Keep your documents ready – PAN Card, Photograph, Aadhaar number, Bank A/c details
  6. Click on “Start Apply Journey” 
  7. Fill up the rest of the details to complete the application

Conclusion

SBI Credit cards offer the best benefits and features among the credit cards available in India. They have attractive offers on travel, lifestyle, movies, grocery, golf, etc. Comparing not only the benefits but also the charges will help you choose the right credit card according to your needs and financial status.

FAQ of Best Sbi Credit Cards in India 2023:

1:Can I get an SBI credit card instantly?

It might take some days to get an SBI credit card as they will complete the KYC and then approve the credit card.

2:What is the highest credit card limit in SBI?

The highest credit card limit in SBI cards is Rs. 4.5 lakhs.

3:What is the credit period for an SBI credit card?

The interest-free credit period for an SBI credit card is between 20 to 50 days.

4:What is the minimum credit score required for an SBI credit card?

A credit score of 750 and above is great for getting an SBI credit card.