Best SBI Exclusive Credit Cards in India

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Credit cards are plastic cash cards that have become a source of identification as well as a status symbol nowadays as this card helps the card holder pay for their expenses at any desired time. The State Bank of India offers a wide range of credit cards that suits all classes of people, depending on their utility and requirement. The gamut includes premium cards, travel & shopping cards, classic cards, corporate cards and exclusive cards.

Best SBI Exclusive Credit Cards in India

SBI Card

SBI Exclusive Credit Cards come in 12 different categories of cards that serve their respective utility. The various SBI Exclusive Credit Cards and the features are as given below:

1. Tata Cards

Tata Premium and Classic Cards designed for Tata employees and users of Tata products provide immense benefits when used in Tata Enterprises and its partner outlets. It also gives complete fuel freedom from the 2.5 % fuel surcharge across all petrol pumps. Features such as worldwide acceptance, Flexipay, cash on the go, and 0% fuel surcharge are other prominent features.

2. BMB Platinum Credit Card

Bharatiya Mahila Bank Platinum Credit Card is a global cash card with cash withdrawal facility across the world. It provides True lifestyle, True value and True lounge access at any luxury airport lounges, easy bill pay facility, online railway and air bookings etc. The card comes with various other power packed features and benefits.

3. BMB Gold and More Credit Cards

The BMB Gold and More Credit cards have the same features as the BMB Platinum credit card, which include complete fuel freedom, and attractive welcome offers. The cash points earned at various outlets can be used to pay the outstanding balance or can be redeemed at the array of redeemable catalogues.

4. Bank of Maharashtra SBI Platinum Credit Card

With this card, the card holder can earn whopping 10 cash points for every Rs.100 spent on dining, departmental and international spends. It also provides complimentary access to priority pass program which is beneficial at various luxury accesses.

5. Bank of Maharashtra SBI Card

This credit card comes with 2.5% value back on all departmental and grocery spends, 2.5% fuel surcharge freedom and many more benefits and features.

6. Oriental Bank of Commerce SBI Platinum Credit Card

This has all the typical benefits and features of an SBI platinum card, with more rewards such as full fare free one way domestic air ticket or apparel vouchers worth Rs.3,000 on spends above Rs. 4 Lakh per year.

7. Oriental Bank of Commerce SBI Card

The Oriental Bank of Commerce comes together with SBI to provide this credit card service, which offers various benefits such as cash points, value back offers, welcome offers and freedom from fuel surcharge etc.

8. Karur Vysya Bank, SBI Platinum Card and

9. Karur Vysya Bank SBI Card

The Karur Vysya Bank SBI Platinum card offers all the benefits of a platinum card, whereas the Karur Vysya Bank SBI card provides the basic credit card facilities.

10. SBI Maruti Card

SBI Maruti Card has benefits such as auto points at various spend levels, huge auto points on Maruti exchange and on referrals, complimentary on-road service assistance, fuel surcharge waivers and huge discounts on Maruti accessories.

 11. SBI Dena Bank Secured Card

A no income proof and a low interest SBI Dena Bank Secured Card can be obtained on the basis of a fixed deposit of Rs. 30,000 in Dena Bank. This comes with the convenience of extended credit facility with a very low rate of interest at 1.99% per month.

 12. SBI UBI Card

The SBI United Bank of India card comes with benefits and reward programme that makes shopping on SBI UBI co-branded card even better. The SBI UBI Gold and silver card has its own packed benefits and features.

All the major platinum cards come with a joining fee of Rs. 2999 to Rs.5000 and an annual fee, while the other cards have a joining fee of Rs. 250 to Rs. 500, depending on the rewards. Each card has its own benefits and features; hence, explore the hidden charges as well before applying for the respective card.

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Apply for Credit Card – Identifying the Reasons leading to Application Denial

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Rejection is something that tends to leave one hurt and sunk in despair. Being rejected for college admission, a job, a date or anything else hurts, and facing rejection at the hands of credit card companies is not an exception. Rajesh, a media professional working in Bangalore, applied for a credit card with a renowned provider soon after securing a decent job. However, he was turned down by the company the very first time he applied for the required credit card owing to his monthly/annual income, which was below the eligible range established by the provider. To add to his woes, his sister, who was younger than him and still a college student, already owned a couple of credit cards.

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Whether it is for emergencies, for making big purchases at EMI’s and lower interest rates, or dealing with the expenses of an upcoming vacation, a credit card has become a basic necessity for people these days. Moreover, applying for a credit card is no longer a nerve-wrecking task. One can easily apply for credit card by filling and submitting the application forms available at the click of a mouse. This being the case, credit card companies have started taking several factors into consideration for the approval or rejection of an application. There are a number of reasons that could play a spoilsport in the process and lead to the denial of the application.

Poor Credit Score

One of the primary reasons behind the application form being thrown in the waste bin is the poor credit score. A decent credit score has become one of the most basic requirements for approving loans and credit card applications. Every company seeks customers with a minimum credit score (usually above 750), which presents a fair idea about the manner in which they would respond when it comes to repaying the debt.

Lower Monthly/Annual Earnings

Every credit card company has a unique list of eligibility conditions that customers must fulfill before they can apply for credit card, and a minimum monthly/annual income is one of them. Income proofs, including ITR, salary slips, and bank statement for the past couple of months, present a clear picture in front of the companies, which certainly help them gauge the repayment capacity of the applicant. The application form will surely find its way to the shredder in case the applicant doesn’t fall in the defined income limit.

Professional/Occupational Constraints

There are certain professions or occupations that are not trustworthy or credible in the eyes of the credit card providers. For individuals, who indulge in such kind of jobs or have a history with such professions, may find it difficult to get their applications approved. Moreover, the reputation of the organization that one works with also plays an important role in establishing the credibility of the applicant.

Card Collectors

People, who are fond of collecting more and more of these shiny, plastic-money instruments, might find themselves in trouble if they are looking forward to apply for credit card. The banks and credit card providers normally seek customers who can deal with their debts easily. Moreover, they want customers who remain loyal to their company and stick around for a long time.

Having multiple credit cards might not serve the purpose for them and can result in a denial.

These are only a few of the possible factors that might affect the chances of credit card application being approved or rejected. Among the aforementioned reasons, there are some things that cannot be avoided. However, something like credit score and income level is something that people can start working on before they apply for credit card with the respective banks and service providers.