How to Apply for an SBI Credit Card

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The State Bank of India (SBI), which began in 1955, is India's state-sponsored bank with headquarters in Mumbai and branches throughout the country. In addition to providing a wide range of banking services, the State Bank of India offers a variety of SBI credit cards, including a platinum card, to meet the needs of consumers. The details of each plan are available online, as well as an option to compare features and benefits of up to three cards at a time. (Note that you have to be an Indian resident or citizen to qualify for a card.) Applying for an SBI credit card is very simple to do online through their website.

Part 1 of 3:

Researching Your Options

To go directly to the page where you can compare the card options, click the “Cards For You” tab at the top of the SBI homepage.

Your credit scores and shopping habits will help determine which cards you are eligible for, and which are the best bargains.
You can use the "Help Me Find a Card" option to have SBI suggest a card for you. This assistance feature will consider your annual income and the types of spending you usually do. [3] X Research source
You can also use the "Compare Cards" feature to let you compare up to three cards at once. [4] X Research source

Be aware that premium cards charge for the privilege of earning additional awards, often in the form of an annual fee. You’ll need to determine whether the potential rewards outweigh the cost.

Some of the companies that partner with SBI on these cards include Air India, Fbb & Big Bazaar, and the IRCTC.
SBI also offers a "Student Plus Advantage Card" for its Education Loan customers. This card offers rebates and points for spending on things like fuel and groceries. You must visit your nearest SBI branch to apply for this card.[5] X Research source

A variation on the classic card is the co-branded card, which is a card partnered with specific companies, such as Tata, BMB, Bank of Maharashtra, and Oriental Bank of Commerce, and give you additional rewards when you spend money with them.

Naturally, to qualify for a corporate card, you need to be a verifiable financial representative at a corporation.

Advertisement Part 2 of 3:

Applying for a Credit Card

You’ll also need to have the following professional information ready: the name of your company of employment, your employer’s address, the industry field in which you work, your position, and the number of years you’ve been employed at the company.
You'll also need one ID proof from the following options: passport, voter ID, license, PAN card, UID Aadhar Number.

You can apply for most of the cards directly online by clicking on the appropriate “Apply Now” button for the card you've chosen.
Alternately, you can simply click on the “Apply Online” tab next to the “Home” tab in the center of the homepage.

If you already have an SBI credit card, you will need to be able to give the card number of that card.

Be sure to review these terms and conditions thoroughly before agreeing. You want to be fully educated about any potential fees or penalties you may accrue by using the card.
In addition to agreeing to the terms and conditions of the credit agreement, you’ll also be asked to agree to issuance and renewal fees associated with the card. You will also be requested to authorize the company and its affiliates to check your provided information, to contact credit reporting agencies, and to contact you for supporting documentation as necessary.

Do not double-click! This could result in an error.

Advertisement Part 3 of 3:

Applying for a Secured Card

The Advantage Plus Card will help you build credit bureau history. Paying on time will extend your credit limit over time at low interest rates.

SBI Advantage Plus Credit Card Application Form
SBI Fixed Deposit (FD) Form
Auto Debit Mandate Form
"Know Your Customer"

Fill out the SBI Advantage Plus Application Form and the SBI FD (fixed deposit) Form. By doing so, you’ll be requesting to open a credit account and setting the fixed deposit account to be used with the card.
Sign the Lien Authorization Letter and Auto Debit Mandate. This will authorize the bank to draw funds against your fixed deposit account if you do not make payments on time.
Attach the sworn Know Your Customer (KYC) documents according to RBI guidelines. These documents provides additional detailed personal information required by the RBI, such as your Income Tax Permanent Account Number and Photo ID.

Once your application is approved, the SBI will issue you a secured card and you can begin to use it.

You can also add on another card user for no additional fee.

SBI will then open a Fixed Deposit account in your name. This FD account will be for the amount of the Encash facility. The Encash loan will be disbursed and your available credit will rise by a similar amount.
Your available credit will be equivalent to approximately 80% of the Fixed Deposit amount. The Fixed Deposit will have a clause allowing SBI to pay itself back with those funds if payments aren’t made in a timely fashion.

You will earn interest on your Fixed Deposit for 555 days at a rate of 9.25% (or the current applicable rate of interest for SBI Fixed Deposits).
Your credit limit will open as per the chart on SBI's Advantage Plus Card page. [11] X Research source

Community Q&A

I am a student, how would I go about getting a credit card? Community Answer

Student cards may require a co-signer if you don't have income, and may offer rewards tied to textbook or entertainment purchases. You should look for simple cards that are easy to use. It's a good idea to get a credit card from the same institution where you have a checking account. That way, all of your financial information can be easily found in one place, and payments become a simple matter of transferring funds between accounts, not issuing payments to a third party. Students who are under 21 must show their own source of income, or have a co-signer who has income.

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What does a credit card mean? Community Answer

A credit card is plastic money that works on credit. Once you swipe your card at any store, the bank who issues the card to you pays the store for your expenses at that time. Later, the bank recovers the money from you at specific intervals with an extra amount or charge known as "interest rate."

What about Top-UP Credit Card? Community Answer

It's a Visa-branded card, but you have to deposit money to your account before using this card, same as debit card.