SBI Unnati Credit Card
Last Updated : Jan. 10, 2024, 11:10 a.m.
SBI has a new card called Unnati. If you have Rs. 25,000 or more in your account, you can get it. Also, it comes with a no-annual fee feature which applies for the first four years. It’s easy to use and gives rewards. This SBI Card is good for basic things like paying bills and shopping at 24 million places. Applying for an SBI Unnati Credit Card is simple. Just show your ID, no need for lots of papers or bank history. It’s a great deal!
SBI Unnati Credit Card Benefits & Features
- Earn 1 Reward Point for every Rs 100 spent
- Enjoy a 1% fuel surcharge waiver on transactions between Rs 500 and Rs 30,00
- Use the card by pledging a fixed deposit of Rs 25,000 or more with SBI
- Withdraw cash from 1 million+ ATMs worldwide with Visa or MasterCard
- Transfer balances from other credit cards to SBI Unnati for lower interest and EMI options
- Use Flexipay to convert purchases over Rs 2,500 into easy monthly installments. Just log in within 30 days after purchase at sbicard.com.
Additional Benefits with SBI Unnati
- Get Rs 500 Cashback for spending Rs 50,000+ annually
- Available every membership year
- Cashback is credited within 15 days
- A simple reward for your yearly spending
How to Apply?
- Visit the nearest State Bank of India branch.
- Request an SBI credit card application form.
- Fill in the required details accurately.
- Attach necessary documents (ID proof, address proof, income proof).
- Submit the completed form and documents to the bank representative.
- Wait for the bank’s processing and approval.
- Once approved, collect your new SBI credit card from the branch.
Note: Ensure all documents are up-to-date and accurate for a smooth application process.
SBI Unnati Credit Card Fees
| Fees | Amount/Percentage |
|---|---|
| Annual Fee (First 4 years) | Nil |
| Renewal Fee (5th year onwards) | Rs 499 |
| Add-on Fee (per annum) | Nil |
| Domestic ATM Withdrawal | 2.5% or Rs. 500 (whichever is higher) |
| International ATM Withdrawal | 2.5% or Rs. 500 (whichever is higher) |
| Finance Charges Monthly Rate | Up to 3.50% |
| Minimum Finance Charge | Rs 25 (excluding taxes) |
| Over Limit Fees | 2.5% of overlimit amount or Rs. 600 (whichever is higher) |
| Payment Dishonor Fee | 2% of Payment Amount or minimum Rs. 500 |
| Rewards Redemption Fee | Rs. 99 |
| Card Replacement Fee | Rs. 100 to Rs. 250 (Rs. 1500 for Aurum) |
| Cheque Payment Fee | Rs. 100 |
| Foreign Currency Transaction Fee | 3.5% (except for Elite & Aurum cards: 1.99%) |
| Rent Payment Transactions Processing Fee | Rs. 199 |
| Dynamic & Static Currency Conversion Markup Fee | 3.5% (except for Elite & Aurum cards: 1.99%) |
Conclusion
The SBI Unnati Card is a good option for individuals who are new or have a low score. It is also a good option for those who want to build their credit history. The card offers a variety of features and benefits, including no annual fee for the first 4 years, fuel surcharge waiver, reward points, and a contactless payment facility.
Frequently Asked Questions (FAQs)
Unnati’s unique: ₹25k FD secures it, building credit & earning rewards without spending history.
Yes, Unnati can be good for basic salaried employees as it requires only ₹25k FD, unlike high salary or credit score for others.
Yes, Flipkart accepts the SBI Unnati Credit Card for payments. You can use it for both regular purchases and EMI transactions.
No, PAN card is mandatory for applying to SBI Unnati credit card. KYC regulations require it.
The SBI Unnati card has unique pros & cons, making it a “mixed bag” for some.
