SBI Secured Credit Cards

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.

The eligibility criteria to apply for SBI Unnati Credit Card is as follows:

• Resident: Indian
• Age Requirement: 18 years
• FD Amount: Rs. 25,000

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

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

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.

What is an SBI secured credit card?
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.

Who should apply for SBI Unnati Credit Card?
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.

What is the minimum FD required to get an SBI Credit Card against FD?
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.

Is there any joining or annual fee for SBI Unnati Credit Card?
There is no joining fee, and the card comes with no annual fee for the first four years. From the 5^th year onwards, an annual fee of Rs. 499 + applicable taxes will be charged.

Does an SBI Credit Card against FD help in building a credit score?
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.

Can I increase the credit limit on an SBI Credit Card against FD?
Yes, you can increase the credit limit on your SBI secured credit card by increasing the fixed deposit amount linked to the card. The revised credit limit is usually set as a percentage of the updated FD value, subject to SBI Card’s terms and conditions.

Is there any disadvantage of a secured credit card?
A secured credit card has a few limitations compared to an unsecured card. You must lock in a fixed deposit as collateral, which reduces liquidity. Also, credit limits and benefits may be lower than those offered on unsecured credit cards. However, for beginners or individuals rebuilding credit, the advantages, such as easy approval and credit score improvement, generally outweigh these drawbacks.