Getting a credit card with a low salary package can be quite a hassle but you can still get one. You can get a credit card with a low salary package but unfortunately, there are not many options available for such people. Many banks have a few available options with them for the same. SBI Bank does not have an unsecured credit card for low incomes people.
But the bank can issue you a secured credit card, starting with just a minimal amount of Rs. 25,000. Secured credit cards are issued when a person request for a credit card against a Fixed Deposit.
These types of credit cards are only available when the applicant has a fixed deposit under their name with the bank. This type of secured credit card comes with a credit limit based on FD’s principal amount.
One of the best examples of SBI Secured Credit Card is SBI Unnati Credit Card. This credit card is offered by SBI bank with a Fixed term Deposit of Rs. 25,000 or above. This credit also does not have any joining or renewal charges for the first 4 years. The features and benefits which a user can avail of this credit card are extraordinary for a no-cost card. You can earn 1 reward point on every Rs. 100 spent with this card and you will also earn Rs. 500 cashback upon reaching the milestone. This card also provides a 1% waiver on fuel transactions.
SBI Unnati credit card is simply elegant and is very useful for people with low or no salary. These types of credit cards are not so complicated to get. The only thing you need is to have an FD with the bank on whose basis you can avail of this credit card.
A credit card with a 10K salary from SBI bank seems impossible to get but what you can get is a secured credit card. Although the varieties are fewer you will still be able to hold a credit card as an extra fund that can be used in case of emergencies.
