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SBI Credit Card Eligibility

SBI Credit Card Eligibility Criteria

Last Updated 05th Apr 2021

Basic eligibility factors for SBI credit card are:

Minimum Age21 years
Minimum Income₹ 20,000
Minimum Credit Score650
ITR Months12 months for self employed
ITR Amount₹ 4,00,000 for self employed

Check Eligibility Criteria for SBI Credit Card

SBI offers a number of credit cards that offer a number of benefits to the cardholders such as reward points, high credit limit, and interest rates amongst others. However, in order to avail the best out of SBI credit card, one is required to fulfil the below-mentioned eligibility factors. These are listed as follows:

Age: The age of the applicant is an important factor to avail SBI credit card. The age, however, varies across occupation. Salaried applicants are required to have a minimum age of 21 years. However, self-employed applicants must fulfil the minimum age criteria of 25 years to get SBI credit card.

Income: In order to avail of any of the SBI credit card, you are required to have a regular source of income with a minimum income requirement of ₹ 20,000. The higher the benefit, the larger is the income requirement.

Credit Score: An applicant must have a good credit score to get a credit card. The credit score required for SBI credit card is 650 and above with no defaults in payments.

ITR: Putting forth the ITR of a self-employed individual is required to avail SBI credit card. Different credit card lenders ask for ITR documents for certain months. SBI requires one to have a minimum ITR of 12 months. In addition to the number of months, one is required to have filled a minimum ITR of ₹ 4,00,000.

Documentation: To get a credit card from SBI, an applicant must provide the required documents such as age proof, address proof and income proof. However, the documentation may vary if you are an existing customer of the bank.

SBI Credit Card Eligibility Criteria for New Applicants

The eligibility requirements for SBI credit card for new applicants varies across the applicant’s occupations. Thereby the SBI credit card eligibility differs across salary and self-employed applicants.

Eligibility Criteria For Salaried Employees

SBI credit card eligibility factors for salaried employees are listed as follows:

Minimum Age21 years
Maximum Age70 years
Minimum Banking Months6 months

Eligibility Criteria for Self Employed

SBI credit card eligibility factors for self-employed applicants is:

Minimum Age25 years
Maximum Age70 years
ITR months12 months
ITR Amount₹ 4,00,000
Minimum Banking Months6 months

Salary Required For Different Credit Card of SBI

SBI offers several credit cards to fulfil varying needs across different categories such as lifestyle, travel, fuel, and shopping amongst others. All SBI credit card, however, can be availed with varying parameters of salary, as listed below:

Credit cardMinimum Salary
Air India Platinum Card ₹ 33,000
Air India Signature Card ₹ 60,000
BPCL Card ₹ 20,000
ELITE ₹ 60,000
Etihad Guest Card ₹ 40,000
Etihad Guest Premier Card ₹ 60,000
FBB Contactless Card ₹ 20,000
IRCTC Platinum Card ₹ 20,000
Mumbai Metro Card ₹ 20,000
PRIME ₹ 33,000
SimplyCLICK SBI Card ₹ 20,000
SimplySAVE Card ₹ 20,000
Yatra Card ₹ 20,000

Factors Affecting SBI Credit Card Eligibility

There are a number of factors that affect SBI credit card eligibility. These are explained as follows:

Applicant’s credit score: A credit score is a mirror of a person’s financial worth or creditworthiness.‭ ‬Thereby, the lower the score‭ , the ‬lesser is the reliability factor on an applicant.‭ ‬SBI credit card with higher facilities requires a high credit score to avail SBI credit card to maintain a minimum credit score of 650.

Age: The age of the applicant is an essential factor for SBI credit card. The card can be availed only within the prescribed age limit of an individual ranging between 21 to 70 years.

Applicant’s current organization: Current organization is an important factor in consideration for salaried employees. Similar to other credit card lenders, SBI also have various organizations shortlisted as the trusted companies. Thereby, any applicant working in the reputed, trusted company applies for a SBI credit card, then the chances of getting a card are easy.

Existing customer relationship: Existing SBI customers have an easy chance to get SBI credit card. However, this is possible only when the bank is assured of your financial ability based on criteria such as minimum account balance maintained or the repayment of EMIs. Banks usually keep low-income criteria for existing customers.

FAQs

Who is eligible for an SBI credit card?

You can avail the SBI credit card if you fall between the age bracket of 21 to 70 years. Apart from that, if you are salaried, you need to earn a minimum salary of ₹ 20,000 per month, whereas self-employed individuals are required to earn a minimum of ₹ 4,00,000.

What is the maximum limit of an SBI credit card?

The maximum limit for SBI credit card depends on the cardholder’s income and the timely repayment of dues. Apart from that SBI credit card offers an interest rate of 2.50% on non-repayment of bills on time.

What is the minimum salary required for an SBI credit card?

The minimum salary required for a SBI credit card varies across the applicants’ occupation, thereby the salary bar is different for salaried, self-employed and businessman. For salaried, the minimum requirement is ₹ 20,000 and for the non-salaried category, it is ₹ 4,00,000.

What is the minimum credit score for SBI credit Card?

A good credit score is indicative of one’s financial credibility, thereby one must hold a good credit score. SBI credit card requires one to have a minimum credit score of 650.


SBI Credit Card News - Apr 2021
  • 2021-03-21 : SBI recorded digital transactions as high as 67%
    State Bank of India has recorded a considerable increase in its digital transactions. The bank reported 67% digital transaction in the post Covid period from earlier 60% in the pre Covid times. The increase is attributed to hike in e-commerce due to covid induced lockdown which restricted the movement.
  • 2021-01-08 : SBI and IOC launched co-branded RuPay debit card
    State Bank of India (SBI) and Indian Oil Corporation (IOC) launched a co-branded contactless RuPay debit card. It is a contactless card and transactions up to Rs 5,000 can be paid for with just a tap. The cardholder will get several attractive benefits and associated offers on the purchase of fuel.
  • 2020-12-16 : SBI Card, BPCL to launch credit card offering benefits to high fuel spending customers
    SBI Card launched BPCL SBI Card Octane jointly with BPCL offering maximum savings to consumers who spend a significant amount on fuel. The card is striving to offer maximum savings to the well-heeled consumer who spends a significant amount on fuel. The BPCL SBI Card Octane offers 25X reward points on spends for BPCL fuel and MAK Lubricants, Bharat Gas (LPG) spends (website and app only) and BPCL In and Out convenience store spends. Additionally, The card also offers a complimentary fraud liability cover of Rs 1 lakh.
  • 2020-11-25 : Contactless payment by Mastercard on the SBI Card App
    The introduction of their contactless payments on the SBI Card app was announced today by Mastercard and SBI Cards. It is the first credit card issuer app in India to use the Mastercard Digital Enablement Service, tokenization network of Mastercard. In this programme, customers need not carry physical cards and can use their mobile devices to shop at any contactless point of sale terminal. So, with only a tap on their cell phone, cardholders can pay up to ₹ 2,000, and for payments above ₹ 2000, cardholders will have to enter the PIN.
  • 2020-11-11 : SBI to focus on financial inclusion
    SBI is planning to increase the share of its newly created business vertical, financial inclusion and micro-markets from the current 12% to 20% by March 2022. The bank recently created a separate FI&MM vertical within the bank with an aim of financial inclusion of rural and semi-urban areas to improve customer experience in the hinterland.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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