SBI Credit Card Eligibility

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Basic Eligibility Criteria for SBI Credit Card

It is very important to meet the requirements to apply for an SBI Credit Card. The eligibility parameters for SBI Credit Card are as follows - 

  • Age: The applicant should be between the ages of 18 and 60 years.

  • Credit Score: Your credit score should be 700 or above without default payments in the history of your credit. 

  • Income: Your income flow should meet the requirements of income criteria as defined by SBI, depending on the card that you wish to apply for.

  • Address: Keep your address, identity, and income proof handy. The kind of document requirement may vary depending on your occupation or the card you’re applying for.

  • Salary: Last but not least, you should either be a salaried employee or self-employed.

You can check for the complete SBI credit card eligibility criteria on the Bajaj Markets website/app and initiate your SBI credit card application process online.

Documents Required for SBI Credit Card

While applying for a SBI credit card, you will be required to submit some documents as a part of your application. Here is a list of the documents required for your SBI credit card application.

  • Proof of Identity:

Aadhaar card, PAN card, passport, voter’s ID, driver’s license, Person of Indian Origin card, Overseas Citizen of India card, a letter issued by UIDAI, a NREGA issued job card, etc.

 

  • Proof of Residence:

Aadhaar Card, passport, driver’s license, ration card, a utility bill from the last 3 months, bank account statements, property registration documents, job card issued by NREGA, Person of Indian Origin card

 

  • Proof of Regular Source of Income:

Statements from over the last 3 months, payslips issued by your employer over the last 3 months, filings of ITR 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 from 21 to 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 for the last 3 months along with proof of identity, age, and address.

SBI Credit Card Eligibility Criteria for Self-Employed Professionals

The SBI credit card eligibility requirements for a self-employed professional are listed below:

  • You must be an Indian resident.

  • You must be from 21 to 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 to this, you need to also provide the documents required for your SBI credit card, such as the latest IT returns along with proof of identity, age, and address.

Factors that Affect SBI Credit Card Eligibility

There are certain eligibility requirements for SBI credit cards that you must meet to apply for a credit card. These include:

 

  • Credit Score:To be eligible for an SBI credit card, you need to have a high credit score and a good credit profile. Your credit score is determined by your financial activities and credit history.

  • Employment Stability:To get an SBI credit card, you also need to share the proof of your employment and income. This will include details of how long you have held the job and how stable your income stream is.

  • 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 be residing in an area not blacklisted by the bank. Since most areas in the country are serviced by SBI, this will likely not be a problem.

FAQs on SBI Credit Card Eligibility

  • ✔️What is needed to get an SBI credit card?

    To get an SBI credit card, you need to meet these basic SBI card eligibility criteria —

    • Minimum age – 21 years

    • Maximum age – 70 years

    • Occupation – Salaried or self-employed

    • Other criteria – Regular source of income and a good credit score

    Apart from this, each credit card may come with its own additional requirements.

  • ✔️How to improve my SBI credit card eligibility?

    The general requirements for an SBI credit card are a regular source of income and a good credit score, among other criteria for age and employment. So, if your credit score is poor, you can work towards improving it to become eligible for an SBI credit card. Alternatively, if you do not have regular earnings, you can look for ways to establish a regular source of income.

  • ✔️What is the minimum salary requirement for availing an SBI Credit Card?

    The minimum salary requirement for an SBI credit card depends on the kind of card you are applying for. However, as per the general requirements for an SBI credit card, you need to have a regular source of income.

  • ✔️Can a student apply for an SBI Credit Card?

    Yes, students can apply for a credit card from SBI. In fact, the bank offers an exclusive card for students, namely the SBI Student Plus Advantage card. However, keep in mind that the overall SBI credit card eligibility criteria require that the applicant is at least 21 years old.