SBI bank credit card rewards offers in India

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 Credit cards act as a convenient substitute for cash. What is more they also earn you reward points when you swipe them to make some purchase. Generally, you get one point per every Rs 100-250 spent.Don’t forget to tap the monetary value of the points collected on your card. But you must remember that points get accumulated against spends, not for cash withdrawals.

The State Bank of India (SBI) provides you with one point per Rs 40 spent on its Gold Card and eight points per Rs 100 on its co-branded Tata Card.However, the condition with reward points on co-branded cards is that they can be redeemed only against products and services offered by the partnered establishment. SBI has a tie-up with certain merchants where you can redeem points instantly. So, you don’t have to contact the bank and get vouchers, rather you just can pay using your accumulated points.

SBI Card is a joint venture between State Bank of India, the country’s oldest and largest public sector bank and international firm GE Capital. The bank offers various credit cards as per your needs. It has a Shop and Smile Rewards programme. It has been put together keeping in mind the tastes and lifestyle of cardholders. You can redeem the reward points you have accumulated on your SBI credit card, against a wide variety of products ranging from gift vouchers to electrical appliances, accessories to lifestyle products.

Every time you use the card, you get power points which can be redeemed for exciting rewards. He how you earn rewards on different SBI credit cards :

SBI Platinum Card: In this card, you can earn 2 cash points for every Rs 100 spent. Plus, you can get cash points on dining, departmental store and international spends. For every Rs 100 spent by you on dining, departmental store & international purchases, you earn10 cash points which you can encash to pay your SBI Platinum Card outstanding balance or redeem them against an array of products.

SBI Gold Credit Card: This card too offers you reward points. You can earn 1 cash point for every Rs 100 spent These points can be used to pay the outstanding balance on your credit card or redeem against a wide choice of gifts from the rewards catalogue.

SBI Gold & More: In these cards, you earn 1 cash point for every Rs 100 spent. You can also earn 10 cash points for every Rs 100 spent on departmental store & grocery spends.

In case you face difficulty in redeeming power points, you can dial the SBI Card helpline.Web-enabled credit cardholders can redeem reward points online.

SBI offersa catalogue or laundry list of what you can do with the points. The catalogue includes apparel, gadgets, jewellery, luggage items, and the like. You can also encash your points against gift vouchers.

If you have accumulated points worth, say, Rs 500 and buy goods worth Rs 1,000, you have the choice of using your points earned on SBI Card for making payment.

Interested? For more details, you can apply for SBI credit cards by visiting SBI Branch or online through http://www.bankbazaar.com/sbi-credit-card.html.

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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.

Cash back cards in India: ‘Earn while you spend’

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Have you ever heard that you’ll get money for your spending? Or you’ll be paid more as you are going to spend more?

Irony? Isn’t it?

But, it’s true. As you’ll purchase more from your credit card, you’ll be paid more as cash back by the service provider. Whether it be a retail shopping, groceries, fuel, movie tickets, travel expenses and many more, the service provider i.e. your financial institution that have provided you with a credit card will pay you some amount of money from your expenses as a cash back. Isn’t it surprising?

So, now ‘Earn while you spend’ through your credit cards. Let’s discuss some top 10 credit cards offering cash back facility to their customers. Take a look below:

Citi Bank Cash back credit card: Citi bank is one of the renowned bank having its branches in India. And having its credit card is one among the difficult tasks as per its stringent and high end eligibility criteria. But, if you have its credit card then, you are going to definitely avail the following cash back facilities like:

If you are going to purchase movie tickets using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

If you are going to pay telephone bill using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

If you are going to pay utility bills through online using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

Standard Chartered Titanium card/Standard chartered Bajaj Allianz card: Standard chartered as laid its branches in India with a huge acquisition of market share and customer focus. It also gives a cash back offers and utility for its customers, who are using Standard chartered Titanium card for their purchases and bill payments. Let’s take a look at its cash back facilities:

If you are going to fill petrol in your vehicle using Standard Chartered Titanium Card, then you’ll get 5% cash back in all petrol pumps.

If you are going to pay all your telecom bills of any telecom provider, you’ll be entitled to 5% cash back on the amount you have paid using your Standard chartered titanium card.

For all other retail transactions, you’ll get 1% cash back.

SBI Gold card: SBI is the top public sector bank in India with renowned name and fame. Providing you with world class benefits, SBI also provides you with SBI gold card which gives you a facility of cash back:

If you are making purchases from departmental stores and groceries, then you’ll be entitled to 2% cash back.

If you are going to pay utility bills through online using SBI cash back credit card, then you’ll get a cash back of 2% on the amount of bill you have paid.

ICICI Bank Travel smart card: ICICI Bank is one of the top 3 private sector banks offering promised services to its customers. It has also stepped in as one of the main service providers for credit card. It has a cash back credit card called as ICICI bank travel smart card which gives cash back on the following transactions:

If you are booking any domestic or international flight travel from makemytrip.com, then you’ll be entitled to 10% of cash back on the base fare amount.

HDFC Bank value plus credit card: HDFC Bank is one of the top 3 private sector banks and offers very competitive services and products to its customers. One of its products is cash back credit cards. Let’s find out what it offers in this:

If you are spending on any retail outlets and products, you’ll get up to 5% cash back.

If you are spending for railways, hospitals, medical stores, then you’ll get a 5% cash back.

If you are spending in any departmental stores, supermarkets, restaurants, then you’ll get 1.50% as a cash back.

For all other retail spending, you’ll get 0.50% as a cash back.

If you are spending for fuel at Bharat petroleum pumps, then you’ll be entitled to 2.5% of cash back.

HDFC Bank Women’s Gold credit card: HDFC Bank has also come up with a special card for women. Let’s find out its cash back facilities:

On your all monthly household purchases, you’ll get 5% cash back.

On getting your vehicle filled with fuel, you’ll be entitled to 2.5% of cash back.

American Express Gold credit card: American Express Bank is specialized in credit cards and one of its specialty is American Express Gold credit card which gives you cash back facility:

On each of your spending through American Express Gold credit card, you’ll get 2% cash back.

ABN AMRO Titanium one card: ABN AMRO is a Dutch bank which have laid its roots in India by providing all round services in banking. Its cash back credit card offers variety of cash back facilities. Let’s discuss them:

For the spending between 5001 – 10000 INR, you’ll get a cash back of 1%

For the spending of more than 10000 INR, you’ll get a cash back of 1.5%

For the spending in utility bill payments, you’ll get a cash back of 2%

For the spending in International retail, you’ll get a cash back of 1%

For the spending in International cash, you’ll get a cash back of 1%

For the spending in Interest, you’ll get a cash back of 5%

ABN AMRO one card: There is one more cash back credit card offered by ABN AMRO Bank and i.e. ABN AMRO one card. Let’s discuss its cash back features:

For the spending up to INR 5000, you’ll get a cash back of 1%

For the spending between 5001 – 10000 INR, you’ll get a cash back of 1.5%

For the spending of more than 10000 INR, you’ll get a cash back of 2%

For the spending in utility bill payments, you’ll get a cash back of 2%

For the spending in International retail, you’ll get a cash back of 1%

For the spending in International cash, you’ll get a cash back of 1%

For the spending in Interest, you’ll get a cash back of 1%

Note: All the rates provided above are subject to change. Individuals need to check it from time to time.

Therefore, these are the offers made by different banks on their cash back credit cards. Now, grab one and get the cash back for your every spending. Go shopping!

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.

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.

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 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.

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.