Enjoy Rewardful and Convenient Banking with SBI Unnati Card

SBI Unnati Card is a credit card offered by the State Bank of India to its customers who hold a balance of up to ₹ 25,000 in their account. With the launch of this product, SBI has made a move to bring in more customers in the digital arena of banking. The unique feature of this product is that it does not require the applicant to prove his/her credit history during application. In fact, it is vice-versa. The applicant only needs to produce his/her KYC (Know-Your-Customer) details and apply for it. This SBI Unnati Card is predicted to change the process of issuance of Credit cards until now. The product will be free of any annual charges for the first four years which urges the applicants to use this time period diligently. Apart from the simplified procedure of application and the ease of maintenance, the bank also provides for the facility of earning reward points and making its optimum use in numerous stores across the globe. Read on to know more about this product.

SBI Unnati Card Features

Below are listed some of the major features of the SBI Unnati Credit Card. Take a look!

• Worldwide acceptance: This product is accepted worldwide in over 24 million merchant outlets across the globe and about 3,25,000 merchant outlets in India.

• Cash on the go: The product allows the customer to withdraw cash from over 1 million ATMs across the world.

• Add-on cards: The bank also provides the customer with the facility of add-on under which the customer can provide a separate card to his/her parents, spouse, siblings and children. The add-on card bearer must be above 18 years of age.

• Utility bill payment: The SBI Unnati Card can be used along with the Easy Bill Pay facility to pay off your utility bills such as electricity bills, phone bills and much more.

• Balance transfer on EMI: You can transfer the outstanding balance of the credit cards belonging to other banks to your SBI Unnati and enjoy paybacks on EMIs and considerably lower rates of interest.

• Flexipay: Using the facility of Flexipay, you can convert your transactions into easy and affordable EMIs. This takes off the burden of paying massive amounts in one go and makes it easier for the customer to make purchases and payments.

• Easy Money: By using the facility of Easy Money, you can avail a cheque or a draft in lieu of your cash limit and get it at your convenience.

SBI Unnati Card Benefits

Some of the major benefits are:

• Zero fee card: This product is absolutely free of charge for the first four years and the annual fee worth ₹ 499 is waived off for the customers.

• Reward points on expenditure: The bank provides for the opportunity to earn reward points on every expenditure that you make using this card. Every expenditure worth ₹ 100 makes you earn 1 reward point which can then be redeemed for a wide variety of gifts from the Rewards Catalogue.

• Milestone reward points: The bank has also introduced milestone rewards on the expenditure made using this card. On an expense worth ₹ 50,000 or more in a year the customer gets to earn a cashback worth ₹ 500.

• Ultimate fuel freedom: The bank provides for 1% fuel surcharge waiver for every expenditure ranging between ₹ 500 to ₹ 3,000. The maximum surcharge waiver stands to be ₹ 100 for every cycle of statement and for every account.

• Highly secured card: The issuance of this product is done with a lien on the fixed deposit of the customer worth ₹ 25,000 or more which makes it an extremely safe and secured mode of transaction.

SBI Unnati Card Fee and Charges

The fee and charges levied by the bank are as follows:

• Annual Fee: Nil for first four years

• Renewal Fee: ₹ 499 from the fifth year onwards

• Add-on Fee: Nil

• Interest free credit period: 20- 50 days

• Finance charges: up to 2.50% per month

• Cash advance limit: up to 80% of the credit limit, with a maximum of ₹ 12,000 per day

How to get SBI Unnati Credit Card?

To apply for the SBI Unnati Credit Card all you need to do is visit the nearest SBI branch with your KYC documents and a duly filled application form and submit them to the executive. The account for this facility must have a minimum balance of ₹ 25,000. You can also consult the SBI Customer Care for gaining more knowledge on how to apply for SBI Unnati Card.