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SBI Credit Card Eligibility

SBI Credit Card Eligibility Criteria

Last Updated 17th Jan 2022

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
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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.


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