SBI Credit Card Against FD

SBI secured credit cards are issued against a fixed deposit (FD), allowing cardholders to earn reward points on their spends...

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SBI Credit Card Against FD: Features & Benefits

At present, SBI Card offers SBI Unnati Credit Card against FD. Given below are some of the major details of this credit card:

SBI Unnati Credit Card

SBI Unnati is a secured credit card offered by SBI Card against a minimum fixed deposit of Rs. 25,000. This credit card is ideal for consumers who are planning to start their credit journey or want to rebuild their credit profile. However, this low annual fee card comes with basic benefits, such as reward points, no joining fee and fuel surcharge waiver. Given below are some of the key features and benefits of SBI credit card against FD.

Annual Fee: Rs. 499 + Taxes*
Min. FD Amount: Rs. 25,000

Features & Benefits of SBI Credit Card Against FD

No joining and annual fee for the first 4 years
1 Reward Point for every Rs. 100 spent
500 cashback on spending Rs. 50,000 in a year
1% fuel surcharge waiver on fuel spends between Rs. 500 and Rs. 3,000, up to Rs. 100 per month
Make contactless transactions just by tapping the card at the POS

*Applicable from the 5^th year onwards. For the first 4 years, the card charges no annual fee.

SBI Credit Card Against FD: Fees & Charges

The fees and charges vary from one card to another. However, the charges applicable to SBI Unnati Card are as follows:

Type of Fee/Charge	Amount
Joining Fee	Nil
Annual Fee	Rs. 499 + Taxes (5th year onwards)
Finance Charges	3.75% per month (45% p.a.)
Late Payment Fee	For Statement Balance: Less than Rs. 500: Nil Rs. 500 to Rs. 1,000: Rs. 400 Rs. 1,000 to Rs. 10,000: Rs. 750 Rs. 10,000 to Rs. 25,000: Rs. 950 Rs. 25,000 to Rs. 50,000: Rs. 1,100 Above Rs. 50,000: Rs. 1,300

Why Should You Get SBI Credit Card Against FD

SBI Credit Cards against FD are an ideal choice for consumers who want to start their credit journey or for those with a poor credit score who want to rebuild their credit profile. Cardholders can build a strong credit history by making timely payments while saving on their everyday spends.

Here are some of the highlights of why you should opt for an SBI Secured Credit Card:

No credit score or income requirements
You earn interest on the FD amount as long as your card remains active
You can earn reward points on every spend while building credit
You can make contactless payments by simply tapping the card
You can convert spends of Rs. 2,500 and above into easy EMIs with Flexipay

How to Apply for SBI Credit Card Against FD

Follow the below-mentioned steps to apply for an SBI Credit Card against FD:

Step 1: Visit the official website of SBI Card.

Step 2: Open an SBI Fixed Deposit in your name (if you don’t already have one).

Step 3: Choose the FD amount you want to deposit as security.

Step 4: Apply for the right SBI Credit Card against FD as per your needs.

Step 5: Fill in and submit the application online or at the nearest SBI branch.

Step 6: After successful verification, the credit card will be issued with a limit linked to your FD amount.

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

FAQs

An SBI secured credit card is a credit card issued by SBI Card against a fixed deposit (FD). The FD acts as collateral, making it easier for individuals with no credit history or a low credit score to get approved.

SBI Unnati Credit Card is ideal for first-time credit card users, students, homemakers, or individuals looking to rebuild their credit profile. It is suitable for those who do not meet income or credit score requirements for unsecured credit cards.

To apply for SBI Unnati Credit Card, you need to open a fixed deposit of at least Rs. 25,000. The credit limit is generally linked to the FD amount.

There is no joining fee, and the card comes with no annual fee for the first four years. From the 5th year onwards, an annual fee of Rs. 499 + applicable taxes will be charged.

Yes, using an SBI secured credit card responsibly, by making timely bill payments and maintaining low credit utilization, can help you build or improve your credit score over time.