SBI Unnati Credit Card

The credit card comes with the following features:

No Annual Fee for First Four Years – The unique and biggest advantage of the SBI Unnati credit card is that there is no annual fee for the first four years. In other words, the card will be practically free-of-cost, since no fees will be charged by the bank for four years.

No Need for High Regular Income – Another feature of this card is that one does not necessarily need to have a higher income to apply for this card. To get an Unnati credit card, all one needs to have is a minimum fixed deposit of Rs.25,000. Even people who have a low or zero credit history can apply for this card, as long as they fulfil the criterion of a Rs.25, 000/- and more fixed deposit with the Bank.

Cash Back Advantage – Another special offer is that you will get a cashback of Rs.500 every time you spend more than Rs.50, 000 in a year. This reward will be applicable in all the membership years.

Unnati stands out from other credit cards because it is loaded with a host of features and privileges that ensure you get the best value from your credit card:

Reward Points: You will be awarded one reward point for every Rs.100 that you spend on your Unnati card. These points can be redeemed against an exclusive range of gifts, available from the reward catalogue.

Interest-free credit period: You can enjoy an interest-free credit period of between 20-50 days, on all purchases. The interest-free period is dependent on whether outstanding balances of previous months have been paid.

Fuel Surcharge Waiver: You can enjoy a 1% fuel surcharge waiver for every purchase of fuel, in the range of Rs.500-3,000.

Pay Utility Bills: Often, it is bothering to go to different offices and make cash payments at different times of the month. With Unnati, you can comfortably pay all utility bills like electricity, water, mobile and telephone. Also, you can collect the required cash over a longer period, and make a consolidated card payment.

Balance Transfer on EMI: This feature allows you to transfer accumulated outstanding amounts of other banks’ credit cards to your SBI Unnati Credit card, and avail SBI’s lower interest rates to repay in EMIs. Interest rates vary from a low 0.50% for 3 months to 0.75% for 6 months EMI.

Low Renewal Fee: After the initial fee-waiver period of 4 years, you can continue to enjoy the advantages of this card by renewing it for a small annual fee of Rs.499/-

Wide Market Acceptance: The Unnati card is accepted in more than 24 million outlets in India and around the world and, what’s more, you can use the card to withdraw cash from over 1 million Visa or Master Card ATMs worldwide. You can withdraw cash up to 80% of the credit limit, with a maximum withdrawal limit of Rs.12,000 per day.

Flexipay Facility: With the Unnati card, you can convert your larger transactions into easy EMIs, allowing you to make smaller payments over a longer period. This facility is available for purchases above Rs.2500

Easy Money Option: With this facility, it is easy to get a cash advance, as per the defined cash limit, and you can even ask the Bank to deliver the draft or cheque to your home.

Free Add-on Card: This feature ensures that not only do you enjoy the advantages of Unnati, you can empower your family members too, by giving them add-on cards at no additional cost.

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An applicant must fulfil the below mentioned criteria for this credit card:

• Any person who has a minimum fixed deposit of Rs.25, 000 can apply.
• No credit history is required to apply for this card.
• The applicant has to be a resident of India
• The age bracket for applying is over 18 years and under 65 years
• Self-attested copies of Aadhaar, PAN, Voter ID
• Proof of Income like Bank Statement, salary slips along with Income Tax Returns and photographs

If you are keen to apply for this credit card by SBI, you can apply through the bank’s website or visit the nearest bank branch and the bank executives will help you in applying for this credit card.

How can I apply for SBI Unnati credit card?

To apply for this credit card, you can visit the bank’s website or go to the nearest SBI bank branch

What is the Annual Fee of SBI Unnati Credit Card?

The Annual Fee of this card is Nil for the first four years.

Is it important to have a fixed deposit in order to apply for this credit card?

Yes, you should have a fixed deposit of Rs.25, 000 or more before you apply for this credit card

Are there any Reward Points given on using this credit card?

Yes, SBI Unnati gives 1 Reward Point on every Rs.100 spent. Though Cash Advance, Balance Transfer and Fuel transactions are not included in this Reward Program