If you’re looking for a straightforward, no-frills credit card to manage your everyday expenses, the SBI Unnati credit card could be a solid choice. Designed as a secured card, it offers a blend of affordability and convenience, making it an attractive option for first-time credit card users and those seeking to build or rebuild their credit history. In this SBI Unnati credit card review, you’ll discover the key features, benefits, fees, and eligibility criteria to help you find if it’s the right fit for your financial needs.
SBI Unnati Credit Card Review: Quick Overview
- Card issuer: State Bank of India (SBI)
- Annual fee: ₹499 (waived for the first 4 years)
- Welcome bonus: ₹500 cashback on annual spends of ₹50,000 or more
- Best for: Individuals looking for an entry-level credit card with basic rewards and manageable fees
| Feature | Details |
|---|---|
| Annual Fee | ₹499 (waived for 4 years) |
| Reward Points | 1 point per ₹100 spent |
| Cashback | ₹500 on annual spends of ₹50,000+ |
| Fuel Surcharge Waiver | 1% on fuel spends between ₹500–₹3,000 |
| EMI Facility | Available via Flexipay for purchases above ₹2,500 |
| Add-on Card Fee | Nil |
SBI Unnati Credit Card Review: Key Benefits
Cashback/Rewards
Earn 1 reward point for every ₹100 spent on eligible transactions. These points can be redeemed for a variety of gifts from the SBI Rewards Catalogue. However, transactions like cash advances, balance transfers, encash, Flexipay, and fuel purchases are not eligible for reward points.
Travel Benefits
While the SBI Unnati Credit Card doesn’t offer premium travel perks like lounge access or air accident insurance, it does provide a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000. This can help reduce your overall fuel expenses.
Shopping/Partner Offers
The card offers access to the SBI Rewards Catalogue, where you can redeem your accumulated reward points for a range of products and vouchers. Additionally, the ₹500 cashback on annual spends of ₹50,000 or more adds an extra incentive for regular usage.
EMI/Big Spend Perks
For purchases above ₹2,500, you can convert your transactions into easy monthly installments using the Flexipay facility. This feature provides flexibility in managing larger expenses.
SBI Unnati Credit Card Review: Fees and Charges
- Annual Fee: ₹499 from the 5th year onwards.
- Add-on Card Fee: Nil.
- Finance Charges: Up to 3.5% per month (approximately 42% per annum).
- Late Payment Fee: ₹400–₹1,300, depending on the outstanding amount.
- Cash Advance Fee: 2.5% of the transaction amount, subject to a minimum of ₹500.
- Overlimit Fee: 2.5% of the overlimit amount, subject to a minimum of ₹500.
- Foreign Markup Fee: 3.5% on international transactions.
- Card Replacement Fee: ₹100.
- Reward Redemption Fee: ₹99 per request.
SBI Unnati Credit Card Review: Pros and Cons
Pros:
- No annual fee for the first 4 years.
- 1 reward point per ₹100 spent.
- ₹500 cashback on annual spends of ₹50,000 or more.
- 1% fuel surcharge waiver on fuel spends between ₹500 and ₹3,000.
- Add-on card facility available.
Cons:
- High finance charges if the outstanding balance isn’t cleared.
- Limited reward point earning categories.
- No premium travel or shopping benefits.
Who Should Apply for SBI Unnati Credit Card?
Best for:
- Individuals new to credit or looking to build/rebuild their credit history.
- Those seeking a basic credit card with manageable fees and rewards.
- People who prefer a secured credit card with a fixed deposit as collateral.
Not ideal for:
- Frequent travelers seeking premium benefits like lounge access.
- Shoppers looking for high reward points on online or lifestyle purchases.
- Individuals who carry a balance and incur high finance charges.
How to Apply for SBI Unnati Credit Card
Eligibility Criteria:
- Minimum age: 21 years.
- Maximum age: 60 years.
- Must have a fixed deposit of at least ₹25,000 with SBI.
- Indian resident.
- Good credit history.
Documents Required:
- PAN Card.
- Aadhaar Card or any valid government-issued address proof.
- Income proof (salary slips, bank statements, or ITR).
- Passport-sized photographs.
Application Process:
- Visit the nearest SBI branch.
- Fill out the application form.
- Submit the required documents.
- Your fixed deposit will be linked to the credit card.
For more details, visit the official SBI Card Unnati page.
SBI Unnati Credit Card Review: FAQs
Q1: Is the SBI Unnati Credit Card a secured card?
A1: Yes, it’s a secured credit card that requires a fixed deposit of ₹25,000 or more with SBI.
Q2: Can I apply for this card online?
A2: Currently, applications are processed through SBI branches. Online applications are not available for this card.
Q3: What is the credit limit on this card?
A3: The credit limit is typically up to 80% of your fixed deposit amount.
Q4: Are there any annual spending milestones for rewards?
A4: Yes, you can earn ₹500 cashback on annual spends of ₹50,000 or more.
Q5: Can I convert my purchases into EMIs?
A5: Yes, purchases above ₹2,500 can be converted into easy monthly installments using the Flexipay facility.
SBI Unnati Credit Card Review: Verdict
The SBI Unnati credit card is a practical choice for individuals looking to establish or rebuild their credit profile without incurring high fees. With its straightforward rewards program and manageable charges, it’s well-suited for everyday expenses like groceries, utility bills, and fuel. However, if you’re seeking premium benefits or higher reward points on specific categories, you might want to explore other options.
If you’re new to credit or prefer a simple, secured card with minimal fees, the SBI Unnati credit card can be a valuable addition to your financial toolkit.
