SBI Credit Card Eligibility

Basic Eligibility Criteria for SBI Credit Card

Meeting the required eligibility criteria is crucial when applying for credit cards. The SBI credit card is no different with regards to this factor. Understanding the SBI credit card eligibility parameters helps you get the card easily and hassle-free.

Here are the important SBI card eligibility criteria you have to know:

• Age: You need to be a minimum of 21 years or a maximum of 70 years 

• Credit Score: A score of 700 or above with a spotless credit payment history

• Income: You have to meet the minimum criteria, depending on the card variant you choose

• Address: Submitting KYC documents such as residence and ID proof along with proof of income is mandatory

• Salary: You need to be a salaried or self-employed individual

While a score of 700 can fetch you an SBI credit card, try maintaining a credit score of 750 or above for quick credit card approval. Furthermore, you can check additional details regarding the SBI credit card eligibility criteria on Bajaj Markets, and initiate your SBI credit card application process online.

Documents Required for SBI Credit Card

When applying for an SBI credit card, you have to submit a few mandatory documents along with your credit card application form.

Here is a list of documents essential for your SBI credit card application.

• Proof of Identity:

Any one of these documents such as Aadhaar card, PAN card, Passport, Voter’s ID, etc.

• Proof of Residence:

Any one of the following documents such as Aadhaar Card, Passport, ration card, latest utility bills, bank account statements, etc.

• Proof of Regular Source of Income:

Last 3 months’ statements of your salary, latest payslips issued by your employer, ITR copies or Form 16

SBI Credit Card Eligibility Criteria for Salaried Professionals

The SBI credit card eligibility requirements for a salaried professional are listed below:

• You must be an Indian resident

• You must be between 21 and 70 years of age

• You need to have a good credit score, preferably above 750

• You must have a regular source of income

Apart from this, you also need to provide the documents required for your SBI credit card, such as salary slips and bank statements of the last 3 months, along with proof of identity, age, and address.

Note that to meet the SBI credit card eligibility, the minimum salary you earn needs to be ₹18,000 per month. However, this varies according to the SBI card variant you choose and the city you reside in. This is why checking the SBI card eligibility terms is key. 

SBI Credit Card Eligibility Criteria for Self-Employed Professionals

The SBI credit card eligibility requirements for a self-employed professional are as follows:

• You must be an Indian resident

• You have to be between 21 and 70 years of age

• You need to have a good credit score, preferably above 750

• You must have a regular source of income

In addition, you also need to provide the documents required for your SBI credit card, such as the latest IT returns, proof of identity, age, and address. As a self-employed individual, you also have to submit your company’s latest audited financial reports.

SBI Credit Card Eligibility Criteria for Students

While the SBI card eligibility parameters state the minimum entry age as 21 years for self-employed and salaried professionals, students above 18 can also apply for credit cards.

Here are a few essential parameters to get SBI credit cards for students:

• You have to be at least 18 years

• You have to submit KYC documents, such as your college ID, PAN details, proof of age and Aadhaar card

• You must maintain a balance of ₹25,000 in your savings account

Since you are a student, maintaining the minimum balance is crucial as it assures the lender of your repayment capability. So, when reading about SBI credit card eligibility, check if you meet the required criteria as a student. 

This initial assessment can help you avoid unnecessary card rejections. Plus, note that SBI levies minimal card maintenance charges for students coupled with umpteen benefits. Finally, compare various card types and choose the one that best suits your requirements.

Factors that Affect SBI Credit Card Eligibility

Now that you know the basic SBI card eligibility criteria for students, salaried and self-employed professionals, understanding various factors affecting your eligibility is critical. 

Here are a few crucial factors you have to know: 

• Credit Score: A credit score of 750 or above can easily get you credit card approval. However, remember that you have to maintain an excellent transaction history for lenders to rest assured of your creditworthiness. 

• Employment Stability: To get an SBI credit card, sharing your income and employment details with the lender is crucial. This includes details of your job or business experience and its stability.

• Past Credit Enquiries: The frequency with which you have raised queries to avail credit in the past also affects your eligibility for an SBI credit card. The bank uses this information to determine your reliability as a borrower.

• Location: SBI Card eligibility requires you to reside in an area not blacklisted by the bank. Since SBI service is available in most areas in the country, this may not be a problem.

How to Check SBI Credit Card Eligibility

You can check the SBI card eligibility on Bajaj Markets, or by visiting the official portal of SBI credit cards. Meet the required age criteria mentioned and submit the relevant KYC documents to understand the eligibility criteria better.

Furthermore, maintain a credit score of 750 or above for quick approval. You can always compare SBI credit cards available in various categories like lifestyle, entertainment, travel, etc. Then, choose the one according to your requirements.

While meeting the eligibility criteria is crucial, it is equally essential to understand the processing charges and other fees levied on different card variants before selecting one. Alternatively, you may contact the SBI customer care team to check your eligibility.