Best SBI Credit Cards In India Of 2024
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The State Bank of India (SBI) is the biggest bank in India and has among the biggest banking networks all around the world. In India. The bank has a presence in every district of each state increasing its potential to serve.
Forbes Advisor India analyzed 60 credit cards launched by SBI to help you choose their best offering.
- Featured Partner
- Best SBI Credit Cards Of 2024
- SBI Elite Credit Card
- SBI Card PRIME
- BPCL SBI Credit Card
- SBI SimplyCLICK Credit Card
- SBI SimplySAVE Credit Card
- Forbes Advisor Ratings
- Methodology
- Eligibility for SBI Credit Card
- Documents Required for SBI Credit Card
- How to Apply for an SBI Credit Card?
- How to Apply for an SBI Credit Card Apply Online?
- How to Apply for an SBI Credit Card Offline?
- SBI Credit Card Fees & Charges
Featured Partners
1
SimplyCLICK SBI Credit Card
Annual Fee
INR 499+ taxes
Welcome Gift
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
2
HSBC Cashback Credit Card
Annual fees
INR 999 (which will be reversed if the total annual spend exceeds INR 200,000)
Cashback features
10% accelerated cashback on dining, food delivery and grocery spends (up to INR 1000 per billing cycle); 1.5% unlimited cashback on other spends* (exclusions apply)
Other benefits
4 complimentary domestic lounge visits per year (1 visit per quarter)
3
IndusInd Bank Legend Credit Card
Annual Fee
INR 9,999 + GST
Welcome Benefits
Complimentary Stay at Oberoi Chain of Hotels.
Features
Free Movie Tickets on BookMyShow, 2x Rewards on Weekend spends, Access to 700+ lounges worldwide
4
AU Bank Altura Plus Credit Card
Annual Fee
499 + applicable taxes
Welcome Benefits
Gift vouchers
Features
1.5% Cashback on all POS retail spends, 1% Fuel Surcharge Waiver on transactions between INR 400 and INR 5,000.
5
Standard Chartered Rewards Credit Card
Rewards
4 reward points* per INR 150 on all retail spends (excluding government, insurance and fuel spends)
Joining Fees
Nil (2nd year onwards the annual fees will be reversed on spends of INR 3,00,000+ in the previous year)
Fuel Surcharge Waiver
Upto 1% Fuel Surcharge waiver (terms and conditions apply)
Best SBI Credit Cards Of 2024
SBI Elite Credit Card
Annual Fee
INR 4,999 + Taxes
Welcome Benefits
E-gift vouchers
Key Feature
Luxury
Annual Fee
INR 4,999 + Taxes
Welcome Benefits
E-gift vouchers
Key Feature
Luxury
SBI Elite is a premium credit card aimed at facilitating people traveling, staying in hotels and making purchases from foreign websites. It has the lowest foreign currency markup and there are reward points on purchasing goods from foreign websites as well.
- Lowest foreign currency markup charge.
- Reward points on purchasing goods from foreign websites..
- Exclusive concierge service.
- Fuel surcharge waiver available.
- Low number of free airport lounge visits.
- Facilities provided by all the three companies including Visa, MasterCard and American Express are diverse.
Welcome Benefits
- E-gift voucher worth INR 5,000.
Ongoing Benefits
- E-gift voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com as welcome gifts.
- 5X reward points for spending on dining, departmental stores and grocery.
- Complimentary Club Vistara Silver membership.
- 9 Club Vistara points for every INR 100 spent on Vistara flights.
- International priority pass lounges are available four times in a year but the card holder can avail maximum two visits per quarter.
- Domestic lounges in India can be visited eight times in a year but again like the international lounges this can also be availed twice per quarter.
- Trident Privilege Red Tier membership for SBI Elite credit card users.
- One gets 1,000 welcome points on registration.
- 1,500 bonus points on the first stay and additional INR 1,000 hotel credit on extended night stay.
- This card has the lowest foreign currency mark-up charge of 1.99% on international usage.
- 2 reward points on every INR 100 spent on International transactions.
- Assistance for flower delivery, gift delivery, online doctor consultation, among others.
- A cover of INR 1 lakh covering any fraudulent purchase on this card is provided by the company.
- Air accident liability cover of INR 1 crore for the primary account holder only.
- This cover is only available for the tickets that have been booked with this credit card only.
SBI Card PRIME
Annual Fee
INR 2,999 + Taxes
Welcome Benefits
E-gift voucher
Key Feature
Luxury
Annual Fee
INR 2,999 + Taxes
Welcome Benefits
E-gift voucher
Key Feature
Luxury
SBI Card PRIME is another premium credit card by SBI. Unlike other premium credit cards, SBI PRIME may be more accessible for some. This card also has three variants as a result of SBI’s collaboration with Visa, MasterCard and American Express. There is a slight difference in the facilities that these three companies provide. From Club Vistara membership to airport lounges, it facilitates travelers and even the system of reward points is appealing.
- INR 2.5 worth pay back on spending INR 100 on dining, groceries, departmental stores and movies.
- INR 0.5 worth pay back on spending INR 100 on any or all retail.
- Milestone benefit after spending INR 50,000 is unique.
- Welcome gifts are equivalent to the joining fee.
- Facilities provided by all the three companies including Visa, MasterCard and American Express are diverse.
Welcome Benefits
- E-gift voucher worth INR 3,000.
Ongoing Benefits
- E-gift voucher worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com as welcome benefits.
- 2 reward points on spending INR 100 on all retail spends.
- 1% surcharge on fuel will not be charged on transactions between INR 500 to INR 4,000 at all petrol pumps (government service tax will be charged) till INR 250.
- After this amount, the surcharge will be applicable.
- Complimentary Club Vistara Silver membership.
- Earn 9 Club Vistara points for every INR 100 spent on Vistara flights.Offer valid only for primary cardholders..
- Pizza Hut e-Voucher of INR 1,000 on spending INR 50,000 in a calendar quarter.
- E-Gift voucher of INR 7,000 from Yatra.com/Pantaloons on spending INR 5 lakh annually.
- You get 20 reward points on every INR 100 spent one day before, on your birthday and one day after the birthday of the primary account holder.
- International priority pass lounges are available four times in a year but the card holder can avail maximum two visits per quarter.
- Domestic lounges in India can be visited eight times in a year but again like the international lounges this can also be availed twice per quarter.
- A cover of INR 1 lakh covering any fraudulent purchase on this card is provided by the company.
- This cover is valid for a period of 48 hours before reporting to seven days after reporting of loss, any other transaction will be charged.
- Air accident liability cover of INR 50 lakh for the primary account holder only.
BPCL SBI Credit Card
Annual Fee
INR 499 + GST
Welcome Benefits
Bonus reward points
Key Feature
Fuel
Annual Fee
INR 499 + GST
Welcome Benefits
Bonus reward points
Key Feature
Fuel
The BPCL SBI credit card concentrates on fuel as its core. It offers up to 4.25% saving on the purchase of fuel. It is comparatively easy to use as it has a standard value of a reward point. There’s nothing additional other than the core offering on fuel but still the reward points offered on fuel are competent.
- One can get a loan based on the credit limit set by the bank.
- Reward points of 4.25% on fuel can be considered good.
- There is an upper limit on reward points on fuel as well.
- Reward on the purchase of things other than fuel is very less.
Welcome Benefits
- 2,000 bonus reward points worth INR 500 on payment of joining fee on activation.
Ongoing Benefits
- 2,000 activation bonus reward points worth INR 500 credited after 20 days of paying the joining fee as welcome benefit.
- 13X reward points on fuel purchases at BPCL petrol pumps. Cashback of 4.25%
- Maximum 1300 reward points per billing cycle.
- 1% fuel surcharge waiver on every BPCL transaction.
- 5X reward points on spending INR 100 on groceries, departmental stores, movies and dining.
- Get 1 reward point on spending INR 100 spent on any other retail purchase.
- These points can be redeemed at any of the BPCL petrol pumps.
- No minimum threshold on redemption of the reward points.
- These points can be redeemed while purchasing petrol from BPCL pumps or SBI’s Shop n Smile catalog.
SBI SimplyCLICK Credit Card
Annual Fee
INR 499 + taxes.
Welcome Benefits
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
Annual Fee
INR 499 + taxes.
Welcome Benefits
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
The SimplyCLICK Credit Card is to facilitate online shopping and users can earn 10X reward points making the pay back to 2.50% of the purchase from their partners. It provides the same services for online shopping which SimplySAVE(another SBI card) provides for offline shopping.
- You can transfer outstanding balances from other cards and pay a cheaper rate of interest.
- Utility bill payments done using SimplyCLICK SBI Card on SBI Card website or mobile app will not accrue 5X reward points (only one reward point).
- The card is not available for use in all cities of India.
Welcome Benefits
- E-gift voucher worth INR 500.
Ongoing Benefits
- You can earn 10X reward points on online spends with Amazon, Apollo24X7, BookMyShow, Cleartrip, Dineout, Lenskart and Netmeds.
- 5X reward points are given on all other online spends.
- 1 reward points per INR 100 on all other spends.
- e-Wallet loading transactions done using SimplyCLICK
- SBI Card on any partner brand, websites or apps identified under MCCs 6540 and 6541 (on best effort basis) will not accrue reward points.
- Users can redeem your credit card reward points against e-Gift vouchers from the SimplyCLICK partners mentioned in the rewards catalog provided by SBI.
- With the bank’s primary partners, you can get 10 reward points on a spend of INR 100, which means 2.5% which is good, but it can be as low as 0.25% for purchases offline, and 1.25% for purchases with non-partners.
- 1% fuel surcharge waiver
- E-voucher of INR 2,000 on annual online spends of INR 1 lakh.
SBI SimplySAVE Credit Card
Annual Fee
INR 499 + taxes.
Welcome Benefits
Bonus points.
Key Feature
Offline shopping.
Annual Fee
INR 499 + taxes.
Welcome Benefits
Bonus points.
Key Feature
Offline shopping.
SBI launched the SimplySAVE credit card to facilitate the needs of people who like to dine out, love shopping and are frequent visitors to malls and movie theaters. This card has the same features for offline shopping that SBI’s other card SimplyCLICK has for online shopping. Simply put, SBI’s SimplyCLICK is ideal for online shopping and SimplySAVE is for offline shopping.
- All online offers applicable on offline purchases as well.
- No upper limit on reward points.
- There is just 1 reward point for online shopping, which is considerably low.
Welcome Benefits
- To get the welcome reward point, you will have to spend INR 2,000 first.
- On spending INR 2,000 or more in the first 60 days, you get 2,000 bonus reward points as welcome benefits.
Ongoing Benefits
- Bonus points are credited to the user’s SBI card account within 60 days of eligible transaction(s).
- Maximum 2000 points can be availed per SBI card account as a part of this offer.
- 10X reward points on a spend of INR 100 on dining, movies, departmental stores and grocery spends.
- On any other spend, 1 reward point per INR 100 spend.
- 1% surcharge waiver on fuel
Forbes Advisor Ratings
Methodology
Forbes Advisor India analyzed 60 credit cards launched by SBI. The best among them were chosen on factors specific to free cards and hence these should not be compared to paid cards.. Other key factors taken into consideration while grading these cards include the below:
- 1. Based on the real-time value of the benefits available
- 2. No hidden charges.
- 3. Ease of comprehension of terms and conditions.
- 4. Ease of use and calculation of reward points.
- 5. Number of add-on features available.
Eligibility for SBI Credit Card
Following are the things SBI takes into consideration before accepting applicants as their customers:
Minimum Age: Applicant must be 21 or more than 21 years old.
Maximum Age: Applicant must not be more than 70.
Occupation:Salaried or self-employed is also an important factor, applicants must produce a document proving their regular source of income.
Other Criteria: Good credit score.
Documents Required for SBI Credit Card
It is mandatory to produce Aadhar card details or PAN card details for any transactions. People who do not wish to give Aadhar card details will have to give the PAN card details.
- PAN card
One of the following as the proof of income
- Latest payslip
- Form 16
- IT return copy as proof of income
One of the following the proof of residence
- Passport
- Ration Card
- Utility bill of any kind on the permanent address.
One of the following for Identity proof
- Passport
- Driving license
- PAN card
- Aadhaar card
How to Apply for an SBI Credit Card?
There are Four ways to apply for an SBI Credit Card.
- You can call the toll free number of their customer service and opt for the credit card option, this will lead you to the agent booking for credit card.
- You can book a credit card on a sales call from SBI.
- One can also visit the branch and book the credit card.
- Visiting the official site of SBI is an easy option, or the website featuring SBI cards.
How to Apply for an SBI Credit Card Apply Online?
You can log in into the official website of SBI and go to the credit cards section, select the card and click where it is written to apply, it will ask for a few details, and after filling these details, an OTP will be generated and will be sent to the mobile number entered by you.
The OTP number has to be entered in a slot given on the same page. After this a few other details will be asked about your salary, current residential address. After submitting these details the bank will get in touch with you for an appointment.
SBI’s agent will come to your address to do the KYC or if there is no branch close to you then the agent will get on a video call with you. After completing the KYC you will get the credit card by mail, within 7 days.
How to Apply for an SBI Credit Card Offline?
You will have to visit any branch of SBI, with the KYC documents given above, and ask for the agent dealing with credit cards. You can tell that person about the choice of credit card and deposit the KYC documents. Bank will check those documents and send you a mail or message of confirmation, after which you will receive your card by mail,within seven working days.
SBI Credit Card Fees & Charges
Annual: In SBI joining fee is known as annual fee and it is the fee which is charged the first year of a user subscribing for the card, this fee will vary from card to card.
Renewal Fees: In SBI annual fee is known as renewal fee and is charged every year from the card holder.
Cash Advance Fee: This fee is charged if a person takes out cash with the help of his credit card from an ATM in time of an emergency. There will be a charge of 2.5% or 500 in the upcoming billing cycle.
Cash Payment Fee: This fee will be charged on the payment of your credit card bill in cash. This fee will be INR 250 + GST.
Late Payment Charges: On missing the payment of the outstanding bill on the due date a charge of 15% + GST will be charged on the user.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
