Which SBI credit card is best for fuel?
SBI BPCL Credit Card, launched by SBI in collaboration with Bharat Petroleum, gives 4.25% value-back on fuel purchases at BPCL petrol pumps. Besides, it offers 5X accelerated rewards on multiple categories, such as groceries, movies, dining, etc.30-Nov-2022
Fuel benefits - Cardholder earns loyalty points worth 0.75% against purchase of fuel at IndianOil fuel stations. Pay with a tap (contactless card) for a single transaction of up to Rs. 5000/- Earn Reward Points on spends on dining, movies, grocery, and utility bills.
What is the salary limit for SBI credit card?
You can get an SBI credit card with the minimum of INR 18,000 per month. However, income may vary for other cards based on specifications and features. The customer should show a proof of steady source of income to avail a credit card from SBI.
30,000, and a credit score of 750 and above, you can get a credit limit of up to Rs. 4.5 lakhs as credit limit. There are other factors to consider too - like your credit history, existing debts and liabilities, age, and employment type (salaried or self-employed).25-Oct-2022
Can I buy petrol with my credit card?
When one pays for fuel through credit card, a fee is levied which consists of transaction fee and service tax. This fuel surcharge ranges between 1% and 3% of the cost of fuel. For instance – If one purchases fuel worth Rs. 200, he may have to pay between Rs.19-Oct-2020
Disadvantages of SBI Credit Card EMI conversion: The SBI Credit Card EMI interest can be around 1.5% (Monthly Reducing Balance) for post-purchase EMIs or 14% for Merchant EMIs. Blocked Credit Limit - When customers utilize the credit limit the amount is blocked against the total available credit limit.
Is SBI credit card good investment?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SBI Cards And Payment Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Best Fuel Credit Cards In India 2022
What is the annual fee for SBI credit card?
Rs. 499
Yes, individuals with a salary of Rs. 15,000 per month can be offered credit cards.09-Sept-2022
Can I get SBI credit card without income?
You cannot get an SBI credit card without a regular source of income. Also, your income flow should meet the standard set by SBI based on the card.17-Oct-2022
Can I get a credit card with a 10000 salary? You can get a credit card with a salary of Rs. 10,000, but you won't have a wide variety of options when it comes to picking the credit card you want. You might not even be able to get a credit card from a specific lender that you prefer.25-Feb-2020
Can I use 100% limit of credit card?
A credit utilisation ratio of more than 35% can reduce your credit score. So, if you use up your entire credit limit, your credit utilisation ratio would be 100%, which can lower your credit score.24-Nov-2022
#1 Your Income/Salary: Usual credit limit is 2X or 3X of your monthly income. Suppose your salary slip shows Rs. 50,000 per month, you can expect Rs. 1 Lakh – 1.5 Lakh credit limit.10-Jan-2016
How to get 1 lakh credit card limit?
Improve your credit score: Since banks consider credit score while setting Credit Card limits, it's better to ensure that you have a good score. You can do this by paying all your dues, like EMIs, on time. So it's best to avoid doing that. Keeping your spending within limits can be helpful.
NerdWallet's Best Gas Credit Cards of December 2022
Which credit card gives maximum CashBack on fuel?
Best Fuel Credit Cards in India December 2022
Many top banks and lenders in the country are offering fuel credit cards which help you save more on all your fuel purchases. The annual fee of these credit cards ranges from zero to Rs. 1,000, along with an interest rate ranging from 3.25% per month to 3.40% per month.
What are 3 negatives of a credit card?
Credit cards have a few disadvantages, such as high interest charges, overspending by the cardholders, risk of frauds, etc. Additionally, there may also be a few additional expenses such as annual fees, fees of foreign transactions, expenses on cash withdrawal, etc. associated with a credit card.17-Aug-2022
A CIBIL™ score of 750 and above is required to be eligible for availing of SBI credit cards. CIBIL™ is one of the three authorized credit bureaus in India, the other being Equifax and Experian.
What are 5 advantages of credit cards?
Credit card benefits
Which SBI credit card is best for fuel?