If you want a reliable card on your international travels, an SBI Signature Credit Card could be what you want as your travel companion. There are many reasons why you might a want a new credit card. If you’re a traveler and want access to a card that is going to give you a hassle-free experience an SBI Card might be worth looking into.
When deciding on a new credit card it is best to have your own priorities down before even investigating opportunities. If you can pay back monthly and want points, then a rewards card is great. But if you need interest rates that aren’t going to break your bank if you might not pay the full balance, then you want a different kind of card.
Our editors have investigated the SBI Signature Credit Card and have the low down on what you need to know. The information here will give you the knowledge you need to make a good decision about this card. Each card you apply for can affect your credit score so make sure you ensure this card o any other card is right for you before applying.
What are the Benefits of an SBI Signature Credit Card?
One of the more prestigious offerings by this bank, the SBI Signature Credit Card (available in Visa) certainly won’t let you down. Let’s take a closer look at what this card promises to deliver. Known for its generous rewards points, this credit card makes sure to give you a taste of their signature rewards program.
For one, you can use your SBI Signature Credit Card and get 2 reward points for every Rs. 100 spent. Even better, you can get up to 5 times the reward points when you use your card on restaurants, department stores, grocery, and other international spends. Here, 4 reward points are equivalent to Rs. 1! This means you can use this to adjust the outstanding balance on your card or choose from one of the rewards you want!
As part of their introductory offer, you can get a welcome e-gift voucher worth Rs. 5,000 from select lifestyle and retail brands! What’s more, you will gain access to bonus rewards unlike any other. You can earn 10,000 bonus reward points when you achieve annual spends of Rs. 2 to 4 Lakhs or 20,000 bonus reward points when you cross annual spends of Rs. 5 Lakhs. The best of all, you get complimentary movie tickets and lounge access both locally and abroad!
What are the Fees of the SBI Signature Credit Card?
In helping you maintain all of these benefits, you need to pay the one-time annual fee of Rs. 4,999. There is also a yearly renewal fee of Rs. 4,999.
Other charges you need to stay on top of include a cash advance fee of 2.5% of the transaction amount (minimum of Rs. 300), an over-limit fee of 2.5% of the over-limit amount (with a minimum of Rs. 500), and a late payment charge ranging from Rs. 100 to Rs. 750.
Overall, the SBI Signature Credit Card is your best bet when it comes to experiencing life’s little luxuries. From rewards to unique experiences, this card has a lot to offer. If you think this card might suit your lifestyle, then you need to know what you need to do to apply for the card.
How to Apply for the SBI Signature Credit Card
Applying for the SBI Signature Credit Card is easy. Simply fill out the online application form found on the SBI website.
To be eligible, you need to be at least 21 to 60 years old, with a minimum annual salary of Rs. 1,20,000. Some of the documents which you are required to present include your latest income tax return, latest salary slip, and a copy of your bank statement which shows transactions for the last 6 months. You also need to present proof of your billing address and identification.
If approved, you will be given a credit limit based on your credit score. This can start at Rs. 15,000.
How to Contact
141, 10th Floor, TVH Agni 2 Park,
OMR, Chennai, Tamil Nadu 600096, India
Telephone: 1860 180 1290
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.