Credit cards can be powerful tools for convenience, rewards, and cashback—but high annual fees can put many off. SBI offers several credit cards with annual fees of ₹500 or less, giving you benefits without burning a hole in your pocket. Here’s a detailed checklist to help you choose the best low-fee SBI credit card.
1. SBI SimplySAVE Credit Card
Annual Fee: ₹499
Fee Waiver: Waived if you spend ₹1,00,000 or more annually.
Benefits:
10 Reward Points per ₹150 on dining, movies, departmental stores, and groceries
1% fuel surcharge waiver at all petrol pumps
2,000 bonus reward points on spending ₹2,000 in the first 60 days
2. SBI SimplyCLICK Credit Card
Annual Fee: ₹499
Fee Waiver: Waived if you spend ₹1,00,000 or more annually.
Benefits:
10 Reward Points per ₹150 spent on online shopping
1% fuel surcharge waiver
2,000 bonus reward points on first ₹2,000 spent
3. SBI BPCL Credit Card
Annual Fee: ₹499
Fee Waiver: Waived if you spend ₹50,000 or more annually.
Benefits:
4.25% cashback on fuel purchases at BPCL outlets
1% fuel surcharge waiver
2,000 bonus reward points on first ₹2,000 spent
4. SBI Card Unnati
Annual Fee: ₹0 for first 4 years; ₹499 from the 5th year onwards
Fee Waiver: Waived if you spend ₹1,00,000 annually
Benefits:
1% fuel surcharge waiver
2,000 bonus reward points on first ₹2,000 spent
5. SBI Card Vyapaar
Annual Fee: ₹499 (Free for the first 4 years)
Fee Waiver: Waived if you spend ₹1,00,000 annually
Benefits:
1% fuel surcharge waiver
2,000 bonus reward points on first ₹2,000 spent
Tips to Maximize Benefits
Track Your Spending: Meet annual spend thresholds to avail fee waivers.
Redeem Reward Points: Use points for cashback, vouchers, or statement credit.
Watch Promotions: Keep an eye on special offers to boost your rewards.
Conclusion
SBI credit cards with annual fees under ₹500 offer an excellent combination of affordability and rewards. By choosing the right card based on your spending habits, you can enjoy benefits like cashback, fuel surcharge waivers, and reward points while keeping costs low.
FAQ Section
Q1: Can I waive off the annual fee on SBI credit cards?
Yes, most cards waive the fee if you meet the specified annual spending limit.
Q2: Which SBI card is best for online shopping?
SBI SimplyCLICK Credit Card provides maximum reward points for online purchases.
Q3: Are reward points easy to redeem?
Yes, points can be redeemed for vouchers, cashback, or statement credit via the SBI Card portal.
Q4: Do these cards charge for fuel?
All listed cards provide a 1% fuel surcharge waiver at petrol pumps.
Q5: Can I hold multiple SBI cards with low fees?
Yes, as long as you meet eligibility criteria for each card.
Published on : 12th September
Published by : SMITA
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