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State Bank Of India Credit Card

By: EconomyWatch Date: 6 October 2010

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The State Bank of India Credit Card offers a Classic VISA Card, which is accepted in India and Nepal. It offers all the advantages of the VISA Card. The current eligibility for applying for the SBI Credit Card is Rs.75,000 per annum for salaried employees and Rs.60,000 per annum for businessmen. The State Bank of India Credit Card is the result of a joint venture between GE Capital and the State Bank of India. The SBI Credit Card offers a whole range of value-added, world-class payment-related products and services.

State Bank of India Credit Card: Types

SBI offers a wide range of credit cards in order to meet the requirements and preferences of different sections of the population:

SBI International Card

SBI Gold Card

SBI Gold Master Card

SBI UBI Advantage Card

SBI Social Card

SBI Railway Card

SBI Lifestyle Credit Card

SBI Employee Card

SBI Card for Doctors

SBI Advantage Card

SBI Gold & More Card

SBI Silver & More Card

SBI Platinum Card

The bank also offers unique credit cards to encourage small businesses and artisans. These include:

Small Business Credit Card

This card offers a convenient and hassle-free scheme for small businesses, including the SBF and SSI segments. The holders of this card can enjoy special benefits, such as:

Reduced paper work.

Waiver of stock statement.

Waiver from submitting audited Balance Sheet.

Simplified application.

Simplified appraisal.

Annual review on the performance of the account.

Repayment of loan extended up to a period of 5 years.

Artisan Credit Card

All artisans working in production or manufacturing process can apply for this card. However, preference will be given to artisans who are registered with the development commissioner. This card is offered to boost independent clusters of artisans of the country, as well as artisans who are part of the SHGs. No collateral security is required to avail this card.

Swarojgar Credit Card

Individuals or groups engaged in running a micro-enterprise can apply for this State Bank of India credit card. The purpose of this card is to:

Offer timely credit on working capital and block capital.

Investment needs of self-employed people are met.

Provides for consumption at a reasonable level.

The State Bank of India (SBI) is the largest bank in the country. The SBI Credit Card is accepted by over 105,000 establishments in India and Nepal. The daily cash-withdrawal limit on the card is Rs.10,000. SBI Credit Card provides road insurance of up to Rs.2 lakhs and air insurance of up to Rs.4 lakhs.

‘State Bank of India Credit Card’ is a trademark of the State Bank of India, who can be found at www.statebankofindia.com.