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SBI Lifetime Free Credit Card
SBI Lifetime Free Credit Card offers zero joining/renewal fees with great benefits and rewards. We will also look at some of the cards with great benefits and minimum joining/renewal fees.
SBI Lifetime free credit cards
1. SBI Card Unnati
2. Cashback SBI credit card
3. Ola Money SBI credit card
Features and benefits of SBI Lifetime Free Credit Card
Let us look at the features and benefits of the 3-lifetime free Sbi credit cardsSBI Card Unnati | Cashback SBI Credit card | Ola Money SBI Credit Card | |
|---|---|---|---|
Joining fees | Nil | NIL | NIL |
Annual fee | Rs. 499, waived off for first 4 years | Rs. 999 + taxes | Rs. 499 |
Rewards | 1 reward point on every Rs. 100 spent | Cashback - 5% on any online spend, 1% on all offline spends | 1% reward points on all spends, 1 reward point = Re 1. |
Milestone Rewards | Rs. 500 cashback on spending Rs. 50,000 | Reversal of annual fee on spending Rs. 2 lakh | Reversal of annual fee on spending Rs. 1 lakh |
Fuel surcharge waiver | 1% for transactions between Rs. 500 - Rs. 3,000, Maximum Rs. 100 per statement cycle | 1% for transactions between Rs. 500 - Rs. 3,000, Maximum Rs. 100 per statement cycle | 1% waiver at all fuel stations, Maximum Rs. 100 per statement cycle |
Worldwide Acceptance | Accepted over 24 million outlets across the world, and 3,25,000 outlets in India. | Accepted over 24 million outlets across the world, and 3,25,000 outlets in India. | Accepted over 24 million outlets across the world, and 3,25,000 outlets in India. |
Contactless Advantage | Fast and convenient, no-contact transactions ensure added safety | Fast and convenient, no-contact transactions ensure added safety | Fast and convenient, no-contact transactions ensure added safety |
Add-on cards | Can be issued for family above the age of 18 | Can be issued for family above the age of 18 | Can be issued for family above the age of 18 |
Cash on the go | Cash withdrawal from over 1 million ATMs across the globe | Cash withdrawal from over 1 million ATMs across the globe | - |
Utility Bill Payment Facility | Use the Easy Bill Pay Facility | Use the Easy Bill Pay Facility | Use the Easy Bill Pay Facility |
Balance transfer | Pay at a lower rate of interest | Pay at a lower rate of interest | Pay at a lower rate of interest |
Flexipay | Convert transactions into EMIs | Convert transactions into EMIs | Convert transactions into EMIs |
Easy Money | Get a draft or cheque delivered to the doorstep | Get a draft or cheque delivered to the doorstep | Get a draft or cheque delivered to the doorstep |
Other than the above-mentioned features and benefits, the cards have their unique features too.
They are listed below –
- Cashback SBI Card - Domestic lounge benefits – Avail of 4 complimentary domestic lounge visits (1 per quarter)
- OLA Money SBI Credit Card –
- Rewards on OLA rides – Get 7% reward points on all OLA rides. The reward points will be automatically credited to your OLA Money Wallet.
- Cleartrip offers –
- Get 5% cashback on flights booked through Cleartrip
- Get 10% cashback on domestic hotels booked through Cleartrip
- Get 6 % cashback on international hotels booked through Cleartrip
- Get 12% cashback on activities booked through Cleartrip
SBI Credit Cards with Low Fees
Reward Cards | Joining fee | Annual fee | Welcome gift | Rewards | Fuel surcharge waiver | Exclusive benefits |
|---|---|---|---|---|---|---|
Aditya Birla SBI card | Rs. 499 | Rs. 499 | 2000 reward points | 10 points on Rs. 100 | 1%, max Rs. 100 | Exclusive reward points on Aditya Birla stores |
Apollo SBI Card | Rs. 499 | Rs. 499 | 500 reward points, complimentary Apollo Gold membership | 2X points on every Rs.100 | 1%, max Rs. 100 | 3X reward points on Apollo services, 10% discount at Apollo services. |
Paytm SBI card | Rs. 499 | Rs. 499 | Benefits up to Rs. 75,000 with Paytm First Membership | Cashback benefits | 1%, max Rs. 100 | Complimentary Cyber Fraud Insurance cover worth Rs. 1 lakh |
Shopping | Joining fee | Annual fee | Welcome gift | Rewards | Fuel surcharge waiver | Exclusive benefits |
|---|---|---|---|---|---|---|
FabIndia SBI card | Rs. 499 | Rs. 499 | Fabindia vouchers worth Rs. 500, access to FabFamily Membership | 2 reward points for every Rs. 100 | 1%, max Rs. 100 | Annual fee waiver on spending Rs. 1 lakh annually |
Rs. 499 + taxes | Rs. 499 + taxes | Amazon gift card worth Rs. 500. | 5X on online spends | 1%, max Rs. 100 | 10X reward points on online spending with Amazon, BookMyShow, Netmeds, etc. | |
Rs. 499 | Rs. 499 | Amazon gift card worth Rs. 500. | 5X on online spends | 1%, max Rs. 100 | 10X reward points on online spending with Amazon, BookMyShow, Netmeds, etc. | |
Shaurya SBI Card | NIL | Rs. 1,499 | - | 10 reward points per Rs. 100 | 1%, max Rs. 100 | Complimentary insurance cover worth Rs. 10 lakhs, attractive milestone rewards |
Travel and Fuel Cards | Joining fee | Annual fee | Welcome gift | Rewards | Fuel surcharge waiver | Exclusive benefits |
|---|---|---|---|---|---|---|
IRCTC SBI Card (on RuPay Platform) | Rs.500 + taxes | Rs.300 | Rs. 350 activation bonus on transaction of Rs. 500 | 1 reward point on Rs. 125 spent on non-fuel purchases | 1%, max Rs. 100 | Travel offers from IRCTC |
Rs. 499 | Rs. 499 | Rs.500 as a welcome gift | 5X reward points on every Rs. 100 | 1%, max Rs. 100 | Fuel freedom benefits - 13X reward points | |
Rs. 499 + taxes | Rs. 499 + taxes | Yatra.com vouchers worth Rs. 8,250 | 6 reward points for every Rs. 100 | 1%, max Rs. 100 | Complimentary air accident cover worth Rs. 50 lakhs | |
Delhi Metro SBI card | Rs. 499 | Rs. 499 | Metro cash worth Rs. 50 | Speedy reward points on spending and dining, movies, grocery | 1%, max Rs. 100 | Auto top-up of Rs. 200 as the balance reaches Rs. 100 |
Rs.500 + taxes | Rs.300 | Rs.350 activation bonus reward points on spending Rs.500 | 1 reward point on Rs. 125 spent on non-fuel purchases | 1%, max Rs. 100 | 4 complimentary railway lounge access, travel offers from IRCTC |
Banking | Joining fee | Annual fee | Welcome gift | Rewards | Fuel surcharge waiver | Exclusive benefits |
|---|---|---|---|---|---|---|
UCO bank SimplySAVE Credit card | Rs. 499 + taxes | Rs.499 | Rs. 100 cashback on the first ATM withdrawal | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
Central Bank of India SimplySAVE credit card | Rs.499+ taxes | Rs.499+ taxes | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
Citi Union Bank SimplySAVE SBI card | Rs.499+ taxes | Rs.499+ taxes | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | |
Allahabad Bank SimplySAVE SBI card | Rs.499+ taxes | Rs.499+ taxes | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
Karnataka Bank SimplySAVE SBI card | Rs.499+ taxes | Rs.499+ taxes | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
South Indian Bank SimplySAVE SBI card | Rs.499+ taxes | Rs.499+ taxes | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
Karur Vysya Bank SBI Card | Rs.499 | Rs.499 | Rs. 100 cashback on first ATM withdrawal, get 2000 bonus points on spending Rs.2,000 in the first 60 days | 10X reward points per Rs. 150 on dining, movies, grocery | 1%, max Rs. 100 | Annual membership reversal on spending Rs. 1 lakh |
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 payment amount subject to 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
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 email ID, Mobile number, Residence city, Employment type, Residence pin code, and info about any loans that you may have
3. Tick all checkboxes for agreement terms.
4. Click on “Submit”
5. Enter the OTP received on your registered mobile number.
6. Proceed with the rest of the application and your application will be processed in no time.
Application Process via SBI official 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.
FAQs of SBI Lifetime Free Credit Card
1. What are the benefits of SBI credit cards?
Zero or low joining fees, contactless transactions, attractive reward points and partnerships, Flexipay facility, etc. are some of the key benefits of SBI credit cards.
2. What are the types of SBI credit cards available?
SBI credit cards are available in the following categories –
a. Lifestyle
b. Reward
c. Shopping
d. Travel & Fuel
e. Banking partnership
f. Business
3. How many days does it take to get an SBI credit card?
After the submission of the required documents, it can take up to 21 days for the bank to process the application.
