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SBI Card Unnati
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cardholder will receive INR 500 cashback on achieving annual spends of INR 50,000 or more in a year..
Cashback Rate
1 point on spend of every INR 100.
Value of 1 point = INR 0.25.
General Cashback Rate: 0.25%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Credit card is issued against the fixed deposit maintained with the State Bank Of India, even persons with no income/salary can apply for it.;
No annual fee for first four years.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cardholder will receive INR 500 cashback on achieving annual spends of INR 50,000 or more in a year..
Cashback Rate
1 point on spend of every INR 100.
Value of 1 point = INR 0.25.
General Cashback Rate: 0.25%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Credit card is issued against the fixed deposit maintained with the State Bank Of India, even persons with no income/salary can apply for it.;
No annual fee for first four years.
Lounge Access
None.
Fees & Charges
Joining Fee
Nil
Annual Fee
(one time): INR 0 + Taxes.
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs.
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
Nil
Other Fees
Renewal Fee 5th year onwards (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fees & Charges
Joining Fee
Nil
Annual Fee
(one time): INR 0 + Taxes.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
Nil
Other Fees
Renewal Fee 5th year onwards (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Special Features
Credit card is issued against the fixed deposit maintained with the State Bank Of India, even persons with no income/salary can apply for it.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
The card is issued with a lien on cardholder's fixed deposit with State Bank of India of INR 25,000 or more.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online: This is the faster and more convenient method:
Visit the SBI Card website: Head to the official SBI Card website.
Navigate to the SBI Card Unnati page: Find the "Personal" category and choose "Shopping" as the sub-category.
Click "Apply Now": Look for the prominent "Apply Now" button on the card page.
Fill out the application form: Provide your personal details, income information, and KYC documents like PAN, etc.
Review and submit: Carefully review the application details.
Await decision: You'll receive an instant preliminary decision based on the information provided.
2. Offline: This method involves visiting a SBI branch and completing the application process:
Visit an SBI branch: Find a nearby SBI branch and express your interest in applying for the SBI Card Unnati.
Fill out the application form: A bank representative will assist you with the form and guide you through the process.
Submit the form and documents: Provide all requisite documents such as PAN, Aadhaar, and income proof along with the completed application.
Await decision: The bank will process your application and inform you about the final decision through your preferred communication channel.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
SBI Card Unnati has an extremely low cashback rate 0.25%. Further it offers no value add benefits. The only good thing about the card is that this card is issued against fixed deposit maintained with the State Bank of India, therefore even individuals with low cibil score can apply for this card.
SBI Card Unnati has an extremely low cashback rate 0.25%. Further it offers no value add benefits. The only good thing about the card is that this card is issued against fixed deposit maintained with the State Bank of India, therefore even individuals with low cibil score can apply for this card.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai