Joining Benefits of SBI Unnati Credit Card
- No Annual Fee for the First 4 Years:
Enjoy zero annual fees for the first four years, making it a cost-effective option.
- Easy Approval:
Simple eligibility criteria, with no income proof required, as the card is issued against a fixed deposit of โน25,000 or more with SBI.
- Reward Points:
Earn 1 Reward Point for every โน100 spent on all retail purchases, except fuel.
- Fuel Surcharge Waiver:
1% waiver on fuel surcharge across all petrol pumps in India for transactions between โน500 and โน3,000.
- Cash Withdrawal Facility:
Withdraw cash up to 90% of your credit limit from ATMs, offering liquidity in emergencies.
- Interest-Free Period:
Up to 50 days of interest-free credit on purchases.
- Flexible Payment Options:
Option to convert large purchases into easy monthly installments (EMIs).
- Security Features:
EMV chip-enabled card for enhanced security against counterfeiting and skimming.
- Complimentary Insurance:
Personal accident cover for the cardholder, providing added security.
Product Details
| Feature | Details |
| Card Type | Credit Card |
| Issuer | State Bank of India (SBI) |
| Best Suited For | Shopping |
| Joining Fee | NIL |
| Renewal Fee | NIL |
| Annual Fee | โน499 (waived for the first 4 years) |
| Interest Rate | 3.5% per month (42% per annum) |
SBI Unnati Credit Card Rewards & Benefits
The SBI Unnati Credit Card offers a range of rewards and benefits, making it a great choice for shopping and everyday expenses. Hereโs what this card offers:
1. Reward Points Program
- Earn 1 Reward Point for every โน100 spent
- Reward points can be redeemed for a variety of options, including shopping vouchers, merchandise, and statement credit.
- Reward redemption fee: โน99 per redemption request.
2. Milestone Benefit
- Get โน500 cashback on annual spends of โน50,000.
- Cashback is credited once per year after reaching the spending milestone.
3. Fuel Surcharge Waiver
- Enjoy a 1% waiver on fuel surcharge for transactions between โน500 and โน3,000.
- Maximum waiver capped at โน100 per statement cycle.
4. Fees
- No joining or renewal fee for the first four years, making it a cost-effective credit card option.
- From the 5th year onward, an annual fee of โน499 is applicable.
5. Foreign Markup Charges
- Use your SBI Unnati Credit Card internationally.
- Foreign currency markup of 3.5% on the conversion amount for transactions in foreign currencies.
6. Interest-Free Period
- The SBI Unnati Credit Card comes with an interest rate of 3.5% per month (42% per annum)
- Cardholders can enjoy an interest-free credit period of up to 50 days
SBI Unnati Credit Card Fees & Charges
The SBI Unnati Credit Card comes with a minimal fee structure, making it a cost-effective option for beginners. Below are the key fees and charges associated with this card:
- Joining Fee: NIL (No charges for obtaining the card)
- Renewal Fee: NIL for the first 4 years, after which โน499 per year is applicable
- Annual Fee: โน499 (applicable from the 5th year onwards)
- Interest Rate: 3.5% per month (42% per annum) on outstanding balances
- Foreign Currency Markup: 3.5% on the conversion amount for international transactions
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between โน500 โ โน3,000 (Maximum waiver: โน100 per statement cycle)
- Reward Redemption Fee: โน99 per redemption request
- Cash Withdrawal Charges: 2.5% of the withdrawal amount or โน500, whichever is higher
- Late Payment Charges:
- โน0 for an amount up to โน500
- โน400 for amounts between โน500 โ โน1,000
- โน750 for amounts between โน1,000 โ โน10,000
- โน950 for amounts between โน10,000 โ โน25,000
- โน1,100 for amounts between โน25,000 โ โน50,000
- โน1,300 for amounts above โน50,000
The SBI Unnati Credit Card is a low-maintenance card with no fees for the first four years, making it ideal for beginners. However, users should be mindful of interest rates and other applicable charges to maximize the benefits of the card while minimizing costs.
SBI Unnati Credit Card Eligibility
The SBI Unnati Credit Card is designed for individuals who are new to credit cards and want a simple, hassle-free option. Unlike regular credit cards that require income proof, the SBI Unnati Credit Card is issued against a fixed deposit with State Bank of India (SBI), making it easier to obtain.
Eligibility Criteria:
- Fixed Deposit Requirement: Applicants must have a fixed deposit (FD) of โน25,000 or more with SBI.
- Age Limit: The primary cardholder must be 18 years or older.
- Nationality: The applicant must be an Indian resident.
- Credit Score: No strict credit score requirement, as the card is secured against an FD.
- Employment Status: No income proof is required, making it an ideal option for students, homemakers, and first-time credit users.
Since this is a secured credit card, approval is quick and straightforward. It also helps build or improve credit scores while offering cashback and rewards on spending.
Who Should Get an SBI Unnati Credit Card?
This card is best suited for:
โ
Beginners โ First-time credit card users, as it is issued against a fixed deposit of โน25,000 with SBI.
โ
Frequent Shoppers โ Earn reward points and cashback on annual spends.
โ
Everyday Spenders โ Useful for daily transactions with reward benefits.
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People Looking for Low Maintenance Credit Cards โ No fee for four years, making it a cost-effective choice.
