SBI Unnati Credit Card: A Zero-Fee Card for Beginners
Discover the SBI Unnati Credit Card, a secured credit card designed for those new to credit or with limited credit history. Issued against a fixed deposit, this card offers no annual fee for the first four years, attractive rewards, and fuel surcharge waivers. Perfect for everyday expenses like utility bills, shopping, and dining, it’s accepted at over 24 million outlets worldwide. In this blog post, we’ll explore its features, benefits, eligibility, and more to help you decide if it’s the right card for you. Let’s get started!
About SBI Unnati Credit Card
The SBI Unnati Credit Card is a secured credit card ideal for beginners or those with low credit scores. Requiring a minimum ₹25,000 fixed deposit with SBI, it offers no annual fee for four years, 1 reward point per ₹100 spent, and a ₹500 cashback on ₹50,000 annual spends. Accepted globally at over 24 million outlets, it’s perfect for utility bills, shopping, and fuel. Learn about its benefits, eligibility, and rewards to start building your credit today.
Basic Details of SBI Unnati Credit Card
| Feature | Details |
|---|---|
| Card Image | |
| Card Issuer | SBI Card (State Bank of India) |
| Joining Fee | Nil |
| Renewal Fee | Nil for first 4 years, ₹499 + GST from 5th year |
| Card Category | Secured, Shopping |
| Rewards | 1 RP per ₹100 spent (excludes fuel, cash advance) |
| Airport Lounge | Not available |
| Railway Lounge | Not available |
| Cashback | ₹500 on ₹50,000 annual spends |
Extra Details of SBI Unnati Credit Card
- Secured card issued against a fixed deposit of ₹25,000 or more with SBI.
- FD continues to earn interest during the card’s tenure.
- Supports contactless payments for secure, quick transactions up to ₹5,000.
- Accepted at over 24 million outlets globally, including 3.25 lakh in India.
- Allows up to 2 add-on cards for family members above 18.
- Offers Flexipay to convert purchases above ₹2,500 into EMIs.
- Balance Transfer on EMI for outstanding balances from other cards.
- Cash withdrawal available at over 1 million Visa/MasterCard ATMs worldwide.
Features and Benefits
- No Annual Fee: Free for the first 4 years, ₹499 from 5th year.
- Milestone Cashback: ₹500 cashback on ₹50,000 annual spends.
- Fuel Surcharge Waiver: 1% waiver on transactions between ₹500-₹3,000.
- Flexipay: Convert purchases above ₹2,500 into EMIs within 30 days.
- Balance Transfer: Transfer other card balances at lower interest rates.
- Easy Bill Pay: Pay utility bills like electricity, telephone, and mobile.
- Add-On Cards: Share benefits with family members above 18.
- Global Acceptance: Use at 24 million outlets worldwide.
Rewards and Cashback
- Reward Points: Earn 1 RP per ₹100 spent (1 RP = ₹0.25).
- Exclusions: No rewards on cash advances, fuel, balance transfers, or Flexipay.
- Redemption: Redeem points via SBI Card Rewards Catalogue for gifts.
- Milestone Cashback: ₹500 cashback within 15 days of ₹50,000 annual spends.
- Redemption Fee: ₹99 per reward redemption transaction.
Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Nil |
| Renewal Fee | Nil for 4 years, ₹499 + GST from 5th year |
| Finance Charges | 3.5% p.m. (42% p.a.) |
| Foreign Transaction Fee | 3.5% of transaction value |
| Fuel Surcharge Waiver | 1% (₹500-₹3,000, max ₹100/statement) |
| Cash Advance Fee | 2.5% of amount (min ₹500) |
| Reward Redemption Fee | ₹99 per redemption |
Eligibility Criteria
- Fixed Deposit: Minimum ₹25,000 FD with SBI.
- Age: 21 to 60 years for primary cardholder, 18+ for add-on.
- Income: No minimum income required due to FD backing.
- Credit Score: No credit history or low score acceptable.
- Residency: Resident of India.
Documents Required
- Identity Proof: PAN Card (mandatory), Aadhaar Card, Voter ID, or Passport.
- Address Proof: Aadhaar Card, Utility Bill, or Rental Agreement.
- Income Proof: Not required due to FD backing.
- FD Details: Fixed Deposit receipt or account statement.
- Photograph: Recent passport-sized photograph.
How to Apply for SBI Unnati Credit Card
- Open a fixed deposit of ₹25,000 or more with SBI if not already done.
- Visit the nearest SBI branch or SBI Card website.
- Fill out the application form with personal and FD details.
- Submit KYC documents (PAN, address proof, FD receipt).
- Await verification call from SBI Card team.
- Receive the card within 7-14 working days if approved.
How to Maximize Benefits
- Everyday Shopping: Use at retail outlets, online stores like Flipkart, or dining for 1 RP/₹100.
- Utility Bills: Pay electricity, mobile, or internet bills via Easy Bill Pay.
- Fuel Purchases: Spend between ₹500-₹3,000 for 1% surcharge waiver.
- Milestone Spending: Spend ₹50,000 annually for ₹500 cashback.
- Flexipay: Convert big purchases (₹2,500+) into EMIs for easier payments.
- Contactless Payments: Use for quick, secure transactions at POS terminals.
Other Banks’ Similar Cards
- Axis Bank Insta Easy Credit Card: Secured card against FD, no annual fee, 1% fuel waiver.
- ICICI Bank Instant Platinum Card: FD-backed, no annual fee, 2 RPs/₹100 on retail.
- HDFC MoneyBack Credit Card: 2 RPs/₹150 spent, 1% fuel waiver, no FD required.
- Kotak 811 #DreamDifferent Card: No annual fee, 1% cashback on all spends.
Official Websites and Apply Link
SBI Unnati Credit Card Review
The SBI Unnati Credit Card is an excellent choice for credit beginners, requiring only a ₹25,000 FD and no credit history. With no annual fee for four years and ₹500 cashback on ₹50,000 spends, it’s cost-effective. However, the 1% reward rate is modest, and no lounge access limits its appeal for frequent travelers. Compared to ICICI Instant Platinum, rewards are less competitive. Ideal for basic spends and building credit, but seasoned users may prefer cards with higher rewards.
Frequently Asked Questions (FAQs)
Who is eligible for the SBI Unnati Credit Card?
Anyone with a ₹25,000 FD at SBI, aged 21-60, with no minimum income or credit score requirement.
Is there an annual fee for the card?
No, it’s free for the first four years; ₹499 + GST applies from the fifth year.
Can I use this card for online shopping?
Yes, it’s accepted at online stores like Flipkart and 24 million outlets globally.
How do I redeem reward points?
Redeem via the SBI Card Rewards Catalogue for gifts, with a ₹99 redemption fee.
Does the FD earn interest?
Yes, the fixed deposit continues to earn interest during the card’s tenure.
Disclaimer
The information provided about the SBI Unnati Credit Card is for informational purposes only and may not be accurate or up-to-date. This is not an official website of SBI Card or State Bank of India. Please verify details with the official SBI Card website or contact their customer care before applying. CreditCardPath.in is not liable for any discrepancies or financial decisions made based on this content.
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