top of page

SBI Lifetime Free Credit Card

Updated: Feb 13



SBI Lifetime Free Credit Card:


If you are looking for a credit card that is easy to get, has no annual fee, and offers rewards and benefits, you might want to consider the SBI Unnati Credit Card. This secured credit card is issued against an SBI fixed deposit of Rs. 25,000 or more. This means you don't need a high income, a good credit score, or a previous credit history to get this card. You just need to have an SBI account with a fixed deposit that acts as collateral for the card.

 

The SBI Unnati Credit Card is free for the first four years, which means you don't have to pay any annual fee. From the fifth year onwards, the annual fee is Rs. 499, which is still quite low compared to other credit cards. The card also offers attractive rewards and benefits, such as:

 

  • No annual fee for the first four years: You don't have to pay any annual fee for the first four years of using the card. This means you can save up to Rs. 1,500 in annual fees and use that money for other purposes.

  • Easy eligibility: You can get the SBI Unnati Credit Card if you have a fixed deposit of Rs. 25,000 or more with SBI. You don't need to submit any income proof or documents to get the card. You can also apply online and get instant approval.

  • Reward points: You can earn 1 reward point for every Rs. 100 spent on the card. You can redeem these points for various products and services from the SBI Rewards catalogue. You can also convert your reward points into cash and use them to pay your outstanding balance.

  • Cashback offer: You can get a cashback of Rs. 500 on spending Rs. 50,000 or more in a year on the card. This means you can save up to 1% on your annual spending and reduce your interest charges.

  • Fuel surcharge waiver: You can get a waiver of 1% fuel surcharge on every transaction of Rs. 500 to Rs. 3,000 at any petrol pump across India. You can save up to Rs. 100 per month on fuel expenses with this feature.

  • Worldwide acceptance: You can use the SBI Unnati Credit Card at over 24 million outlets across the globe, including 3.25 lakh outlets in India. You can also use the card for online shopping, booking tickets, paying bills and more.

  • Security features: The SBI Unnati Credit Card comes with a chip and PIN technology that ensures enhanced security and protection against fraud and misuse. You can also get SMS alerts and e-statements for every transaction on the card. You can also block or unblock your card online or through SMS in case of loss or theft.

  • Customer service: You can access the 24x7 customer service helpline of SBI for any queries or complaints related to your card. You can also visit any SBI branch or ATM to avail various services such as balance enquiry, cash withdrawal, PIN change and more.


The SBI Unnati Credit Card is a great option for anyone who wants to enjoy the convenience and benefits of a credit card without paying any annual fee for the first four years. It is also a good way to build your credit history and improve your credit score. So, what are you waiting for? Apply for the SBI Unnati Credit Card today and start saving and earning rewards on your spending.


Pros and Cons:


Pros of SBI Unnati Credit Card:


  • No annual fee for the first four years: You don't have to pay any annual fee for the first four years of using the card, which saves you money and makes it more affordable.

  • Reward points on every spend: You earn 1 reward point for every Rs. 100 spent on the card, which can be redeemed for various products and services from the SBI Rewards catalogue.

  • Fuel surcharge waiver: You get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at any petrol pump in India, up to a maximum of Rs. 100 per month.

  • Milestone benefits: You get a cashback of Rs. 500 on spending Rs. 50,000 or more in a year, which reduces your effective annual fee to zero.

  • Free credit score access: You get free access to your credit score and report from Experian, which helps you monitor your credit health and improve it over time.

  • Worldwide acceptance: You can use the card at over 24 million outlets across the globe, including 3.25 lakh outlets in India.

Cons of SBI Unnati Credit Card:


  • High interest rate: The card charges a high interest rate of 40.2% per annum, which can be costly if you don't pay your bills in full and on time.

  • Low credit limit: The card has a low credit limit of Rs. 25,000 or 80% of your fixed deposit amount, whichever is lower, which may not be sufficient for your needs.

  • No lounge access or insurance cover: The card does not offer any complimentary lounge access or insurance cover, which are some of the common features of other credit cards.

  • No EMI facility or balance transfer option: The card does not allow you to convert your purchases into EMIs or transfer your outstanding balance from other cards, which can limit your flexibility and convenience.


Conclusion:


The SBI Unnati Credit Card is a great option for anyone who wants to enjoy the benefits of a credit card without paying any annual fee for the first four years. It also offers cashback rewards, fuel surcharge waiver, and access to exclusive offers and discounts. The card is easy to apply for, as it does not require any income proof or credit score. You just need to have a fixed deposit of at least Rs. 25,000 with SBI to get this card. The SBI Unnati Credit Card can help you build your credit history and improve your financial health. If you are looking for a simple and affordable credit card, you should consider the SBI Unnati Credit Card.


SBI Credit Cards:


Here are some of the reasons why you should choose SBI Credit Cards:


  • Wide range of cards: SBI Credit Cards have different types of cards for different segments of customers. Whether you are a student, a professional, a homemaker, a traveler, or a shopaholic, you can find a card that matches your preferences and spending habits. Some of the popular SBI Credit Cards are SBI SimplyCLICK Card, SBI SimplySAVE Card, SBI Card PRIME, SBI Card ELITE, and SBI IRCTC Card.

  • Rewarding programs: SBI Credit Cards reward you for every purchase you make with them. You can earn reward points that can be redeemed for various products and services from the SBI Card Rewards Catalogue. You can also get cashback, discounts, vouchers, and other offers from partner merchants across categories such as travel, dining, shopping, entertainment, and more.

  • Easy EMI options: SBI Credit Cards allow you to convert your big purchases into easy monthly installments (EMIs) at attractive interest rates and tenures. You can also avail of the Flexipay option, which lets you convert your outstanding balance into EMIs after paying the minimum amount due.

  • Balance transfer facility: SBI Credit Cards enable you to transfer your outstanding balance from other bank credit cards to your SBI Credit Card at a lower interest rate and pay it off in EMIs. This can help you save on interest charges and manage your finances better.

  • Online banking and mobile app: SBI Credit Cards offer you the convenience of online banking and mobile app services. You can access your account details, pay your bills, check your reward points, apply for EMI options, request for balance transfer, and do much more with just a few clicks or taps. You can also get instant alerts and notifications on your transactions and card activities.

  • Security and protection: SBI Credit Cards are equipped with advanced security features such as chip and PIN technology, fraud monitoring system, SMS alerts, and online verification. You can also get insurance cover for your card in case of loss, theft, or misuse. You can also block or unblock your card online or through the customer care helpline.



FAQs:


Q: Who is eligible for the SBI Unnati Credit Card?

Ans: You are eligible if you have an existing SBI savings account with a minimum balance of Rs. 25,000 for at least 3 months. No credit history is required.


Q: Is there an annual fee for the SBI Unnati Credit Card?

Ans: No, there is no annual fee for the first 4 years. After that, a fee of Rs. 750 + taxes will be charged annually.


Q: What are the reward points benefits?

Ans: You earn 1 Reward Point for every Rs. 100 spent on the card. Additionally, you get Rs. 500 cashback if your annual spends exceed Rs. 50,000.


Q: Is there a fuel surcharge waiver?

Ans: Yes, you get a 1% fuel surcharge waiver on fuel purchases between Rs. 500 and Rs. 3,000.


Q: What is the credit limit for the SBI Unnati Credit Card?

Ans: The credit limit is determined based on your income, savings account balance, and creditworthiness. It typically ranges from Rs. 10,000 to Rs. 1 lakh.


Q: Where can I use the SBI Unnati Credit Card?

Ans: You can use it at over 24 million outlets worldwide, including online and offline stores, that accept Visa or Mastercard.


Q: Does the SBI Unnati Credit Card offer contactless payments?

Ans: Yes, the card comes with contactless technology for quick and secure transactions.


Q: How do I apply for the SBI Unnati Credit Card?

Ans: You can apply online through the SBI Card website or mobile app, or visit your nearest SBI branch.


Q: What documents do I need to apply?

Ans: You will need your PAN card, address proof, bank statement, and income proof (if applicable).


Q: What is the customer care number for SBI Unnati Credit Card?

Ans: You can contact SBI Card customer care at 1800 11 22 11 or 1800 208 8888.


Comentários


bottom of page