Best SBI Classic Cards in India

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State Bank of India provides a wide range of credit cards that suits all needs and can be obtained easily with minimal eligibility and documentation. The variety includes premium cards, corporate cards, travel and shopping cards, exclusive cards and classic cards.

SBI Classic Cards come in three classy varieties, which are SBI Gold Card, SBI Advantage Gold card and SBI Advantage plus card.

SBI Classic Cards in IndiaSBI Gold Card and SBI Advantage Card

The benefits of both SBI Gold Card and SBI Advantage Card is similar such as worldwide acceptance, credit facility which is very flexible where the unpaid balance can then be carried forward at one of the lowest finance charges available, cash on the go facility where cash is withdrawn from any of the ATMs across the globe and the benefits of train and air ticket bookings from anywhere.

The features of these cards are immense where the credit card account can be managed online which provides timely card alerts, e-statements, add-on cards, easy money and utility bill payment facility and peace of mind.

Both the cards require no eligibility and can be obtained easily with a joining fee Rs. 299 and an annual fee of Rs. 299.

SBI Advantage Plus Card

The SBI Advantage plus card comes with a special benefit which is the En cash facility. Under this, one can transfer the funds to SBI to facilitate the opening of a fixed deposit in the card holder’s name at SBI. As one keeps paying the En cash EMIs every month on the SBI Advantage plus card, the credit limit will keep increasing every month. By this, you will continue to enjoy interest on your Fixed Deposit at SBI and the final credit limit on your SBI Advantage plus card will be up to 85% of the FD amount. The added benefit is an unbelievable low rate of interest of 2.25% per month on the SBI Advantage plus card.

To apply for an SBI Advantage plus card, simply fill the application form and FD form either online or at the branch office, sign the authorization letter and the Auto Debit Mandate, attach the required self attested documents and submit accordingly. Within a few working days, the SBI Advantage plus card will be dispatched, after paying the joining fee of Rs. 500. An annual fee of Rs.500 is added in the first bill, and the card will extend the encash facility for Rs. 25, 000/ Rs.50, 000 and transfer the corresponding funds to SBI. SBI, in turn, would open an FD in your name and the bill for the following monthly EMI for 11 months will be:

  • Rs. 2500 for Rs. 25, 000 Encash

  • Rs. 5,000 for Rs. 50, 000 Encash

The best part of this scheme is that the card holder will continue to earn the interest 9.25 % of the FD for 365 days. Along with many power packed features such as balance transfer on low interest rates, credit convenience, easy money facility, utility bill facility, online statuses, SBI Advantage plus card is a wise choice for investment as well for the required utility.

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Best SBI Premium Credit Cards in India

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The State Bank of India premium cards are brought for the users with an elite lifestyle and expense preferences. With a wide choice of four different premium credit cards, SBI gives you a choice to select a card that suits your lifestyle and expenditure requirements. Read on to know more about the best premium credit cards brought to you by SBI in India.
State Bank Of India
SBI Signature Card

Giving you customized offers for a selective lifestyle, the SBI Signature card comes with many privileges. From offering one time full fare of a domestic flight to gift vouchers, reward points for bonus rewards, the SBI Signature card is ideal for the ones who know how to spend smarter.

Benefits & Features of SBI Signature card

• Get full fare on domestic One Way Ticket from Indigo Airlines or a gift voucher worth Rs5000 free
• Get 2 reward points on every Rs100 spent
• Get 5 times reward points on dining, departmental stores, grocery & international spend
• Extra bonus reward points earned when you swipe on your signature cards
• Get instant access to signature lounges across airports
• Exclusive concierge service for dining, golf course reservations, hotel and limousine bookings, movie tickets, gift delivery assistance and more
• Cash access across the world
• No fuel surcharge on any petrol pump in any city
• Flexipay & easy bill pay facility
• Online railway ticket booking with free home delivery
• Global card honored at 2 million Visa outlets worldwide and 2,85,000 Visa outlets in India
• Emergency card replacement
• Add-on Card

SBI Platinum Card

The SBI platinum card brings you true value for every penny spent with you though the card. With major benefits of lifestyle spends and recreational activities along with reward points and gift vouchers, the SBI Platinum card ensures you a satisfied and happy experience always.
SBI Platinum Cards

Benefits & Features of SBI Platinum card

• Earn a Whopping 10 cash reward points on every Rs100 spent on dining, departmental store and other international spends
• Complimentary membership to the Elite over 600 Super Luxury Airport Lounges across 300 cities worldwide
• Apparel Voucher worth up to Rs.3, 000 as a welcome gift
• Cash access across the world
• No fuel surcharge on any petrol pump in any city
• Flexipay & easy bill pay facility
• Online railway ticket booking with free home delivery
• Global card honored at 2 million Visa outlets worldwide and 2,85,000 Visa outlets in India
• Emergency card replacement
• Add-on Card
While the joining fee of SBI signature card is INR4, 999 and SBI Platinum card is INR2, 999; the benefits are too huge against the nominal fee that you pay. With a dedicated 24*7 customer care to address your queries and assist you, SBI ensures that you get the best premium credit cards to carry along anywhere you go around the world. With no hassles and maximum benefits, these are undoubtedly the best premium credit cards from SBI for the Indian customers.

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Best SBI Corporate Credit Cards in India

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Be it a farmer or a professional, there is a credit card for everyone at SBI. State Bank of India offers more than 31 categories of SBI credit card that fulfils various needs of different sections of people. The major SBI Cards are the premium cards, travel and shopping cards, classic cards, exclusive cards and corporate cards. Under each, there are many cards, according to the utility of the customers.

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SBI Corporate Cards, mainly designed for the corporate sectors, come with the Power of 2- Power to the Organization where the organization can benefit and with the features available, it can monitor the spends, control overspends and identify opportunities for saving. It also gives Power to the Employees wherein the employees are benefited with reward points, complimentary travel related insurances, lounge facilities etc. and there are three different SBI Corporate Credit Cards available namely,
 SBI Platinum Corporate Card
 SBI Signature Corporate Card
 SBI Corporate Utility Card

About the Corporate Cards
The SBI Platinum Corporate Card, SBI Signature Corporate Card and the SBI Utility Card have special benefits for an organization. The Smarter Spend and Expense Management provide benefits at various outlets such as negotiations with rates and terms at airlines, hotel bookings, etc. The Visa Intellilink Spend Management helps control and manage one’s spending better.
The Spend Category Control available in these SBI credit cards allows the corporate to block certain merchant category codes as per the policy of the corporate cards and the merchants vary according to the offers available. Being EMV cards, all the corporate cards provide enhanced security against counterfeiting and skimming.

sbi Corporate Cards
Apart from this, the special benefits include reward programs, lounge access, priority pass, EMV benefits, insurance, global acceptance, faster data processing, e-statements, consolidated payment options and many more.
Both the SBI Platinum Corporate Card and the SBI Corporate Utility Card can be obtained free of cost with minimum documents such as the employee certificate and the basic attested, signed application.

More about SBI Signature Corporate Card:
The SBI Signature Corporate Card is designed especially for frequent business travellers, which comes with the added benefits of Concierge Service where personalized customer care is available for 24*7, along with complimentary priority pass membership and complimentary travel related insurance.
The EMV and PIN benefits allow the card holder to enter the unique personal identification number to provide an additional layer of security and authentication that gives more control on the card as well as the convenience of hosting multiple applications at a time. The joining fee is nil, whereas the annual fee ranges up to Rs. 499, depending on the usage.
In addition to this, the corporate cards also have the facility of emergency card replacement, and emergency cash disbursement (if cash facility is available on the card).
With all the power packed features, the SBI corporate cards provide the corporate card holders with immense benefits. Always go through the other fee and charges before applying for the cards and enjoy your SBI Corporate Credit Cards.

Best Travel Credit Cards for 2014: Know What You can Get

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Many Indian consumers are travelling all over the world today for their personal or professional reasons. You might want to travel abroad to have a holiday of a lifetime with your loved ones or you could be a frequent traveller for professional reasons. For all your trips in India or in foreign countries, you rely on Travel Credit Cards that have many advantages. The biggest of them all is the fact that you can travel without having to carry huge amouSnts of cash with you, wherever you might be going.

travel credit card

Of course there are huge reward points you can win on the use of these cards. These rewards begin from the stage where you book your flight tickets and you can keep reaping them as you spend when you are in a foreign country, eating out or shopping for that matter. But before you make your decision about getting these cards for your travel this year, there are certain aspects you have to consider. You are also better off looking at different travel card offers that are available in the market in 2014 to ensure that you are making the right decision.

The best travel card offers in 2014 include:

  • One of the Best Travel Credit Card options you get today is where a card issuer has tied up with a travel website. For example HDFC has collaborated with Cleartrip so that you can get up to 50% cash back on your bookings. You are eligible for the cash back if you book at least two return tickets on the site using you HDFC card.
  • Similarly, ICICI has tied up with Ezeego1.com that can also bring you cash back of up to 50%. Those who have Platinum or Titanium cards can get 50% cash back while Gold card holders can get 25% cash back. There’s 15% cash back option for those who have silver and other cards.
  • Yatra BarclayCard and Standard Chartered Makemytrip cards also have their merits for travellers today and you can look into them to get good deals.
  • However you have to understand that some of the best rewards and offers are reserved for frequent travellers. If you travel in the country or abroad on a regular basis then you are better off looking at travel card offers that can bring you smart privileges.
  • Besides the cards that can bring you good rewards while booking your flights, there are several other cards that have good rewards for you when you use them during your travel. By using these cards you will be able to get reward points for your shopping trips or eating out experiences.
  • There are card issuers including ICICI, HDFC and Standard Chartered that often tie up with hotel chains all over the world. If you have a loyalty towards a particular brand then you can use these cards to the fullest and get fantastic rewards in the process.

Best travel credit cards

There are several Travel Credit Cards offers in 2014 that can give you the cutting edge advantage.

Exclusive offer for SBI Bank Credit Card for New customers

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State Bank of India offers a number of unique credit card options catering to the needs of a large section of people. From travel centric credit cards to co-branded credit cards and from normal credit cards to premium credit cards, SBI has a credit card solution for each sector. State Bank of India credit card offers a number of schemes and benefits and rewards for new customers as well as existing clients. While existing clients get active discounts in shopping and reward points contest that can be redeemed for cash backs and gifts, new customers are offered various new incentives and attractive discounts. Let us take a look at some of the exclusive SBI credit card offers available for new customers for this month.

sbi credit cards

SBI Offers for New Customers for June 2014:

State Bank of India has a number of new features and offers lined up for the month of June to attract new customers for opting for SBI credit card. Latest offers on SBI cards include 5% exclusive discounts on room tariff to all SBI Corporate Cardholders on Lemon Tree Hotels, India’s 3rd largest chain of upscale business and leisure hotels, 5% Cash back on CHROMA, Valid on transaction of Rs. 17,500 & above (Offer valid till Jul 2014), 15% Cash back on booking Domestic flight using SBI Card booked using the travel portal Makemytrip.com. SBI credit card offers Buy-1-Get-1 offer on movie tickets for new customers for the month of June opting for any of SBI Signature cards. The offer is valid till September 2014. For online shopping enthusiasts, State Bank of India is offering a 20% discount on online shopping at Myntra.com for new customers. The offer is valid till 31 Dec 2014. For frequent travelers, SBI offers 10% off at participating Price Match Guarantee at Hotels.com for all new credit card customers who apply in the month of June. The discount offer is valid till 31 October 2014.

makemytrip offers

Offers on SBI Platinum Cards:

Users opting for SBI platinum cards would get 5X Reward Points On Dining, Departmental stores, Grocery & International Spends along with bonus Spend Rewards on achieving Annual Spends of 4 Lakhs & 5 Lakhs. Complimentary membership to Priority Pass Program as well as access to over 600 Airport lounges in over 300 cities worldwide is also being offered apart from various other active discounts.

Offers on SBI Yatra Card:

Users opting for SBI Yatra travel centric credit card would get Yatra.com vouchers worth Rs. 8,250 as soon as they enroll for Yatra SBI Card. The freebies include 2 vouchers worth Rs. 500 each for Domestic Travel & 1 voucher worth Rs. 1,500 for Domestic Holidays and 2 vouchers worth Rs. 1,000 each for International Travel & 1 voucher worth Rs. 3,000 for International Holidays. Other offers available for SBI Yatra credit card owners include 2.5% Value Back on all Departmental stores and Grocery spends and 2.5% fuel surcharge.

sbi yatra card

Dining Discounts:

SBI offers 15% discounts on Dominoes Pizza along with best culinary offers across leading restaurants in various cities.

Online Shopping Discounts:

SBI offers 5% cash back on Croma retail stores valid for new users till July 2012 along with 5% cash back scheme for Easyday stores. 5% cash back scheme is also available for new card applicants on Spencer’s and total superstore.

Minimum Payments on Credit Cards

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There are different terminologies used when denoting various types of functions of a credit card. When you visit any bank website, you will see different links for varied types of cards. Almost all of them would have a credit card apply online link that will inform you about all the benefits and features of that particular card. However, it will not give you any information about the different terminologies used in credit card bills and statements.

credit cards

Some of them are as follows:

Credit card rate: This signifies the interest rate being charged on your card.

  • Monthly payment: Denoting the monthly amount to be paid on the card, this is a certain percentage of the outstanding balance on the credit card.
  • Minimum payment: Same as the monthly payment, this is calculated on your current outstanding balance. This is the minimum amount that you can pay on your card to keep it out of default payment list. payment on credit card
  • Credit card balance: The current balance on your card.
  • Total payments: Being calculated on the outstanding balance, this implies the payments you need to make in order to clear your balance with the help of minimum payments.
  • Balance payoff: This clearly indicates the amount of time it will take you to pay off your balance with the help of minimum payments.

Among all these terms, one of the most intriguing and confusing ones is minimum payments and is also the most important for people who own credit cards.

Why should you always pay more than the minimum payment on credit cards?

Many people, who own credit cards, only pay the minimum payment every month in order to avoid late fees and other penalties. While it is easy to pay the minimum payment, it does cost a lot more in the long run. Some of the reasons for making payments more than the minimum due on credit cards are as follows:

  • Finance charges: In case you pay just the minimum payment on your credit card, then in the long run it will cost more on the interest rate. Also, you will incur different finance charges for not clearing the actual balance on the card. By paying more than the minimum payment, you lower the interest rate in your future payments.

Longer time period for balance payoff: It takes longer than usual to pay off your balance on your credit card if you only pay the minimum amount. In order to keep your credit cards in a flow, it is advisable to pay more than the minimum payment mentioned in the statement. This way you can use it at the time when it is needed more.

  • Your credit score: Only paying minimum payments will negatively affect your credit score. Minimum payments bring the balance down on your credit cards little by little, which eventually makes the balance higher than the limit on the card. This results in loosing some precious credit score points. If you pay more than the minimum payment on the monthly basis, your balance on the credit card will come down drastically, thereby increasing your credit score.
  • Loan on credit card: There are many banks that provide loans on credit cards. You will only be able to qualify for this facility when you start paying more than the minimum payment as your present debt needs to be cleared before you borrow more. lon on credit card
  • Your available credit: In order to keep your credit card accessible, it is imperative that you pay off more than the minimum payment. A fast decreasing balance ensures more available credit on your credit cards. As your card is useless without the available limit, it is essential to maintain a healthy and floating credit limit.

Credit cards are essential in a person’s life for many different reasons. There are places where only credit cards are accepted. Hence, it is always advisable to keep your card operational with better and prompt payments.

Apply for Student Credit Card

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The credit card market in India is becoming bigger and better day by day. Every other day, some bank comes out with a brand new credit card scheme to allure customers. Basically, there are credit cards for all kinds of customers, depending upon their budget and lifestyle. A student credit card scheme, too, is becoming quite popular around the country due to the innumerable benefits it offers to the college going students. Student credit cards are usually offered to postgraduate students who meet the nominal eligibility requirements.student credit card

The best thing about these credit cards is that they come along with some friendly features like no income limit, lower rates of interest, no annual or joining fee and decent purchase limit. The joining formalities too are quite simple and you don’t have to file any kinds of IT return forms or employment forms to get your card. All you have to do is to apply for student credit card is submit your residence proof and enrollment proof issued by an educational institution.

There’s a proper procedure which is to be followed for acquiring a card. The student needs to first fill up the card application form and submitted online on the bank’s official website. Online banking has made everything much more convenient for students who are willing to apply for such a card. The parents/guardians of the student need to provide some guarantee for their debts. The student needs to submit passport sized photographs, student ID and residence proof along with the form to ensure a smooth approval process.

 Finding the Best Card

Always remember that not all the credit cards offer the same rewards to users. This is one of the reasons why you must spend some time researching for  Best credit card that could help you avail the maximum number of advantages. Once you find 2 or 3 reliable service providers, you must compare the reward programs being offered by them. You must also keep an eye on the rates of interest that different credit card companies are charging from you so that you could find a reliable scheme for yourself.

best credit card

 Go through the Terms

Even though credit cards for students come with hassle-free conditions, it is quite important for you to go through all the terms beforehand. You should see whether the norms mentioned in the papers are good enough for you or not. All the details regarding the card should be mentioned clearly in the agreement so that you don’t have to worry about the safety about your payments later on.

 Using the Card with Responsibility

Credit cards are exceptional financial tools that help you manage your expenses and build a strong budget. So, you should avoid over-spending and try to make only the purchases which are extremely important. By using the card responsibly, you will surely be able to enjoy its perks even more.

So, apply for a brand new student credit card and start handling your own college expenses without depending upon your family. These cards would definitely make shopping easier for you even when you’re not in your city.