SBI Credit Card Eligibility

SBI has defined certain factors for both salaried and self-employed individuals in order to apply for a credit card. Here are some of them:

Annual Income: An individual who wishes to apply for a credit card must have a stable source of income. For salaried as well as self-employed, the minimum annual income should be Rs. 2 lakh. 

Age: SBI has also mentioned the minimum and maximum age limit at which any individual can apply for a credit card. The minimum age limit should be at least 21 years, and the maximum age is 70 years. 

Credit Score: While individuals who are new to credit cards will have to build a credit score over the years for existing customers, a credit score is one of the important criteria that SBI looks into. A good and strong credit score is highly recommended before you apply for any SBI Credit Card. An ideal credit score is 750 and above. Individuals with a lower credit score can also apply for a credit card, but the risk and chances of rejection are higher. 

Documentation: For any application for a credit card, the bank might ask for your salary slips, your bank statements, along your proof of identity and address.

Apart from the salaried and self-employed individuals, students can also apply for a credit card. There are many SBI credit cards for students that come with a low annual fee and, at the same time, are packed with benefits for students. If you are a student and looking to apply for a credit card, here are some of the things to keep in mind:

• You need to be at least 18 years of age.
• You need to have valid documents like your KYC, college documents, your Aadhaar card and age proof.
• Your bank account also needs to have a fixed deposit of Rs.25,000 or more since the bank decides the approval/rejection from this.

Excluding the other parameters, below mentioned are some of the basic factors through which you can check SBI Credit Card’s eligibility:

• The minimum age for applying for a credit card should be 21 years
• The maximum age for applying for a credit card should be 70 years
• The occupation of the cardholder should be either salaried or self-employed
• Other factors like your credit score, job stability etc. will also be considered

Before applying for a credit card, you can also contact the SBI customer care executives, and they can guide you further if you are eligible for a specific SBI Credit Card.

In order to check your credit card application status, you can check online with the following steps:

Step 1: Go to the SBI Cards website https://www.sbicard.com/ 

Step 2: There, you will find 'Track Application' 

Step 3: Select ‘Check status of application’ under that

Step 4: Fill in the Application/Reference number 

Step 5: Click on the track, and you will then see your current credit card application status.

Alternatively, you can also contact SBI credit card customer care executives to check the status of the same.

• Your Credit Profile - One of the first things that perhaps banks check is your credit history. This includes your credit score, your past credit transactions and if there are any penalty charges in your profile. Based on this, the banks decide if you are eligible to get an SBI Credit Card.
• Age - There is a set age limit for credit card applicants. The minimum age for any applicant should be at least 18 years (for student credit card), while the maximum age preferably can be 65-70 years.
• Occupation - For any credit card applicant, it is important that you are either salaried or a self-employed individual. The chances of credit card approval are higher when there is job stability with a regular source of income. Instability in your job might be a concern for the bank, but there will still be some chances of approval provided your credit history is clean.
• Location - The place you reside also holds importance. Mostly, SBI has branches all across the country, but there might be some remote areas where SBI does not function properly. For this, it is better to contact the bank branch, and they will let you know if your city is within the SBI branch.