SBI Credit Card Login

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State Bank of India is one of the largest banking and financial services companies owned by the Indian state. It was established in 1955 and its main headquarter is in Mumbai. SBI is the largest banking network in India and it spreads out to 16,000 branches within and outside the country. With the rich heritage and legacy of over 200 years, SBI has been the most trusted Bank of not only the Indians but also the internationals through generations.

Step by Step Guideline to Avail Internet Banking Service of SBI

Step 01:

Open your browser and search for SBI online portal, or simply click here.

SBI Credit Card Login

SBI Homepage

Step 02:

Look for the “Personal Banking” option and choose “New User Registration”.

Registration page

Registration page

Step 03:

After that, you will be shown a simple registration form which you will have to fill up. Make sure you have filled in all the necessary details such as account numbers and codes.

Step 04: Now you can set the transaction limits and proceed to submit.

 

Step 04:

Once you click the submit button, you will get an OTP on your registered number shortly.

 

Step 05:

After you have entered the correct OTP, you will see many credit cards options to select from. Choose the best one for yourself to enjoy the maximum internet banking services.

 

Step 06:

Initially, you will be given a temporary username. Once you have logged in successfully to your account, you can set your username and password in the settings.

Pros and Cons of SBI Credit Card

Everything comes with advantages and disadvantages. The same is true for the SBI Credit Card facility. The following are some of the best benefits along with a few disadvantages.

Pros

They have a very low annual membership fee which is only Rs. 499. The best part is even these fees can be waived off if your annual spending exceeds Rs 100000.

  • For new customers, they have a cashback offer worth Rs100, given on the first withdrawal transaction within 30 days.
  • The Bank also provides the bonus points of 2000 upon spending more than Rs 2000 on the first 60 days.
  • The more money you spend, the more reward points you will get. Those points are redeemable with a wide array of gifts.
  • Your new card can be used in outlets that accept Visa or MasterCard.
  • You can make transactions in instalments for ease of payment. This can be useful for emergencies or when large purchases are to be made.

Cons

  • This is not suitable for those who shop and spend rarely, because it is only better with earning rewards through more spending.
  • Most of the benefits of the use of this card depend on the amount of money spent on purchasing goods.
  • High extended credit charges amounting to 3.35% per month (equivalent to 40.2% per annum).

 

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