Lifestyle cards are designed specially to reward an individual’s lifestyle expenditures. They not only reward lifestyle expenses but also helps to save money while shopping. One can get customized discount deals from the card issuer channel partners Also, one can collect reward points to redeem against credit card balances or in lieu of various gifts featured in the card catalog.
There are different cards that are being offered by SBI, but to date, there is no SBI Lifetime Free Credit Card. However, there is SBI Unnati Credit Card that is free for the first 4 years These cards can be applied online, hence before hitting on the SBI Credit Card Apply button, let us now understand these cards in detail:
1. SBI Card Elite:
| Fees / Charges | Amount |
| Annual Fee (one time) | INR 4,999 |
| Renewal Fee (per annum) | INR 4,999 |
| Finance Charges | up to 3.50% per month [42% per annum] |
| Late Payment Fee* |
|
| Eligibility Criteria | Details |
| Occupation | Salaried or Self-employed |
| Minimum Income for Salaried Applicants | INR 60,000 per month |
| Minimum Income for Self-employed Applicants | INR 60,000 per month |
Documents Required
- Identity proof, which is PAN, license, Aadhaar Card, etc.
- Proof of income such as the latest salary slips, Form 16, copy of IT returns, etc.
- Filled application form.
- A copy of Form 60 or PAN card.
- Proof of residence which can be a Passport, Ration Card, electricity bill, Aadhaar, etc.
- Colored passport-size photographs of the applicant.
2. SBI Card Pulse:
| Fees / Charges | Amount |
| Annual Fee (one time) | INR 1,499 |
| Renewal Fee (per annum) | INR 1,499 |
| Finance Charges | 3.50% per month |
| Late Payment Fee | <INR500 – Nil INR 500 – INR 1000 – INR 400 INR 1000 – INR 10,000 – INR 750 INR 10,000 – INR 25,000 – INR 950 INR 25,000 – INR 50,000 – INR 1100 > INR 50,000 – INR 1300 |
| Eligibility Criteria | Details |
| Occupation | Salaried or Self-employed |
| Minimum Income for Salaried Applicants | Communicated at the time of sourcing |
Documents Required
- Valid address proof: Electricity bill (not more than three months old), Aadhar card, etc.
- Valid identity proof: PAN card, Passport, etc.
- Valid income proof: Salary slips (not more than three months old), bank passbook records, etc.
- Duly signed application form.
- Passport-size photographs.
3. Doctor’s SBI card (In Association with IMA):
| Fees / Charges | Amount |
| Annual Fee (one time) | INR 1,499 |
| Renewal Fee | INR 1499 |
| Finance Charges | 3.35% per month from the date of transaction |
| Minimum Due | 5% of total outstanding, subject to a minimum of ₹200 plus applicable taxes, EMI (in case converted the purchase into installment) and OVL amount (if any) |
| Finance Charges on Cash Advance | 3.35% per month, accruing from the date of withdrawal |
| Cash Advance Fee | 2.5%-3.5% of the transaction amount, subject to a minimum of ₹300 |
| Late Payment Charges | ₹100-750 |
| Over limit Charges | 2.5% of the over limit amount, subject to a minimum of ₹500 |
| Card Replacement Fee | INR 100 |
| Rewards Redemption Fee | INR 99 |
| Cash Payment Fee | INR100 |
| Statement Retrieval Charges | INR 100 per statement |
| Payment Dishonour Fee | 2% of the payment amount, with a minimum of INR 450 |
| Eligibility Criteria | Details |
| Occupation | Salaried or Self-employed for more than 3 years |
| Age (Salaried Employees) | 21 to 65 years |
Documents Required
- Proof of Identity –PAN Card, Aadhar Card (Form 16 in case one doesn’t have a PAN Card), Voter ID Card, Driving License
- Proof of Address –Aadhar Card, Voter ID Card, Driving License, Passport, and Utility Bills of the person who wants to issue this SBI Card.
- Proof of Income –Salary slips of the previous three months (in case of salaried doctor) or Bank Statement of the previous six months. One can also submit ITR or Form 16 as proof.
- Registration certificates from the State Medical Council or the Medical Council of India or self-attested copies of medical degrees.
4. SBI Card Elite Advantage:
| Fees/Charges | Amount/Rate |
| Annual Fee | INR 4,999 (One-time) |
| Renewal Fee | INR 4,999 (Per annum) |
| Extended Credit Charges | 3.50% p.m. (42% p.a.) |
| Late Payment Fee | For Statement Balance Less than INR 500 – Nil INR 500 up to INR 1,000 – INR 400 INR 1,000 up to INR 10,000 – INR 750 INR 10,000 up to INR 25,000 – INR 950 INR 25,000 up to INR 50,000 – INR 1,100 Amount over INR 50,000 – INR 1,300 |
| Eligibility Criteria | Details |
| Occupation | Salaried or Self-employed |
| Age (Salaried Employees) | 21 to 70 years |
| Age (self Employed) | 25 to 70 years |
| Nationality | Indian |
Documents Required
| Proof of Address | · Passport
· Voter ID · Ration Card · Aadhaar card |
| Identity Proof | · Driving License
· Passport · Aadhaar card |
| Income Proof | · Form 16
· IT Returns · Salary Slip |
5. Doctor’s SBI card:
| Joining Fee | INR 1,499 |
| Renewal Fee | INR 1,499 |
| Finance Charge | 42% pa |
| Late Payments |
|
| Eligibility Criteria | Details |
| Occupation | Salaried or Self-employed |
| Age (Salaried Employees) | 21 to 65 years |
Documents Required
- Self-attested copies of their degrees or registration certificates from the State Medical Council or the Medical Council of India.
- Latest copies of IT returns.
- Copies of bank statements of the last 6 months.
