State Bank of India offering free Credit Cards to customers who maintain Rs. 20,000 balance

[Sushubh]

SBI offers free credit card at 'zero annual fee' for cusotmers with minimum Rs 20,000 balance

With the aim of expanding the reach of digital payments, the State Bank of India on Tuesday said that it will offer credit cards to every account holder who has a balance of Rs 20,000-25,000. The card will be offered through a network of 20,000 plus SBI branches.
Explaining the reasoning behind keeping the card free, SBI Cards CEO Vijay Jasuja said: "SBI has close to 30 crore customer accounts, including Jan Dhan Yojana. Post-demonetisation the balance amount in these accounts increased significantly. Many customers do not have credit history and are not eligible for cards. We want to bring about financial inclusion in terms of credit facility with this new product."

 

[Deleted member 63558]

Any idea if the card is eligible for international payments such as international websites/payment gateways/payment processors?

 

[raj2007]

This credit card(Unnati) is issued only against FD of 25k or more🙁

 

[Sushubh]

Hilarious. They also ask to upgrade account to minimum 20000 balance?

 

[raj2007]

If that's a question...definitely no. We should have FD..that's it.

 

[Deleted member 63558]

What is the card processor? VISA or MASTER CARD?

What is the minimum age req. for the SBI Credit Cards?

 

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[Sushubh]

What's the point then? FD based credit cards have existed for like ever. I got my first card through this route when I was around 20.

 

[raj2007]

SBI Card Unnati - Privileges & Features - Apply Now | SBI Card
Just old wine in new bottle..that's it
Applied for it coz it has no annual fees for the first 4 years😉

 

[Deleted member 63558]

@raj2007 How to apply for it online ?

Do you hold any other CC before this Unnati CC from SBI only?

 

[raj2007]

SBI Campaign
It's better to apply thru branch..i did that.
Nope..this is my first application for CC

 

[pratik_1334]

I have applied For SimplySAVE card first time, they rejected it because of Cibil Score. which i do not have because I never took loan or any CC even though I have maintained my account balance over 40K from last 2 years.

 

[Deleted member 63558]

SBI Campaign
It's better to apply thru branch..i did that.
Nope..this is my first application for CC

What are the requirements for this CC? If you could tell me please.

 

[raj2007]

@pratik_1334 Without credit history(cibil score) you can't get a unsecured Credit Card

@Adidam Fill the application form for CC against FD in SBI for 25k+
PAN + Aadhar Card Photocopy + 1 PP Photo

 

[Deleted member 63558]

@pratik_1334 Always start with the CC against FD to make your Cibil active + improve.

 

[Sushubh]

i have not checked my credit score but i don't think it would be bad. i still could not get a regular card from yes bank. despite having a bank account. despite having been told that it was pre-approved. because i work from home lol.

freaks could have just asked me for my IT statements. but they didn't. just rejected my application. this after they called me to apply for it as i was a good banking customer and they were running an offer for folks like me.