SBI Credit Card Eligibility

The eligibility criteria for both salaried and self-employed individuals may vary from each other for every credit card. However, there are certain common norms that are followed while checking their eligibility as mentioned below:

Age Requirement

SBI Card has set a minimum and maximum age limit for the applicants to avail credit cards. Your age should be between 21 and 70 years at the time of applying for an SBI credit card.

Credit Score

Your credit score must be above average to obtain an SBI Credit Card. In general, a credit score of 700 and above is preferred. Additionally, you should not have any default payments in your credit history.

Regular Income

If you intend to obtain an SBI Credit card, you must have a regular flow of income. Moreover, your income should meet the SBI Card’s minimum salary eligibility for the credit card you are applying for. Note that the premium credit cards usually have a high income requirement as compared to the entry-level cards.

Documentation

You should be able to provide valid proof of identity, address and income. The set of documents may vary according to the card and your type of occupation.

You are required to submit a few documents during the SBI Card application process. These documents are needed to prove your identity, address, and income. Here’s a list of acceptable documents.

Identity Proof

• Passport size photo
• Aadhaar card, PAN Card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, NREGA Job card, Letters by the UIDAI, or any other government approved photo ID

Address Proof

• Aadhaar card, Passport, Driver’s License, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, NREGA Job card, Bank Account Statement, or any other government approved address proof

Income Proof

• Latest 1 or 2 salary slips (not more than 3 months old)
• Last 3 months’ bank statement
• Latest ITR/Form 16

Note- You may also be asked to submit additional documents apart from those mentioned above based on the SBI Card policies.

Although the eligibility criteria for SBI Credit Cards differ from one card to another, there are a few factors that directly impact your chances of approval. The factors affecting your eligibility are as follows:

• Credit Profile: Your credit profile is made up of your credit score and credit history. A longer, well-managed credit history leads to a better credit score, improving your chances of approval. A credit score of 750 and above is usually considered good.
• Job Stability: Credit Card issuers would want you to have a regular source of income so that you may be able to repay the amount borrowed. Thereby, job stability plays a major role in it. People who switch jobs every 6 months may be considered a risk by the issuers as compared to those who continue a job for more than 1 year.
• Number of Credit Inquiries: This is also related to your credit profile. Every loan or credit card application you submit leads to a hard inquiry on your credit report. Once this happens, your credit score may drop. This is why it is not advised to apply for multiple loans or credit cards at the same time. People who apply for too many loans are considered as credit hungry, and hence their approval chances may decline.
• Location: In order to be eligible for SBI credit card, you should have a residential address in a location served, and not black-listed, by SBI Card. There are very few such cities or remote areas where SBI Card does not serve.

You can compare and apply for the SBI Credit Cards online at Paisabazaar. Follow the steps given below:

• Enter Mobile Number- To begin the SBI credit card application procedure, provide your mobile number in the credit card form.

• Verify OTP & Check Offers- Enter the OTP received on the mobile number you have provided and check the available pre-approved offers.

• Select the Card- Compare the card options according to your eligibility and needs. Select the best SBI Credit Card that suits your needs.

• Apply & Submit Documents- Apply for the preferred card and provide the required documents for a smooth application processing.

Alternatively, you can also apply for credit cards through the official SBI Card website.

Q. How to check SBI Credit Card eligibility?

A. You can check the basic SBI Credit Card eligibility from this page above. The eligibility criteria include the applicant age limit, occupation, income, credit score and documents. You can also check the eligibility from the official website or through SBI Card Customer Care.

Q. What is the SBI Credit Card age eligibility?

A. The salaried applicants must be at least 21 years of age, while the retired pensioners should be between the age of 40 and 70 years. The self-employed applicants must be above the age of 25 years to be eligible for the SBI credit cards.

Q. How to track SBI Credit Card application status?

A. You can track your SBI Credit Card application status online as well as offline through the SBI Card website. You can use the online track application widget or call the customer care too.

Q. Why is my SBI credit card application rejected?

A. Your credit card application can be rejected by SBI Card due to a variety of reasons. These reasons may include the required documents or information is unavailable, low income or credit score, age eligibility criteria, etc.

Q. How to apply for credit cards online on the SBI Card website?

A. Go to ‘Credit Cards’ page on SBI Card website and choose any suitable card from the category. Then, apply and fill the E-Apply form. Submit to receive the application approval status. If approved, you will get a verification call to complete the credit card issuance.