Why Not Worthy? SBI Max Credit Card- Check Benefits, Features, Downsides, Charges & More

SBI MAX CREDIT CARD is designed & launched by the State Bank Of India and Max. You will get many features and benefits in this Credit Card.

This credit card is designed for those who do frequent shopping. If you shop with this card, you get Welcome Gifts, Reward Points and many more benefits in a wide range. Let us know further about the benefits, features, charges, eligibility and many more of the SBI Max Credit Card.

This article is specially customized for SBI Max Credit Card & We have covered every information of this Card. So, after this 5-minute article, you don’t need to read from anywhere.

FEATURES OF SBI MAX CREDIT CARD

• You will get a welcome gift of Rs 6000 when you pay the renewal fee of the SBI Max Credit Card.
• If you buy fuel between Rs500 to Rs3000 in any fuel station in India then you get 1% discount.

• Whenever you spend ₹ 100 with this credit card, you will get one reward point.
• If you convert the reward point into a Landmark reward then you will get double benefit.
• If you withdraw money from ATM within 30 days from the day you issue the card, you will get ₹100 cashback in the first withdrawal.
• You can use this card in India as well as all over the world.
• You can use this card in any place where a Visa card is accepted.

BENEFITS OF SBI MAX CREDIT CARD

• If you spend ₹ 2 lakh in 1 year with this credit card, then you will get 8,000 reward points.
• When you will pay your annual fee, you will get a bonus reward point of 6,000 which is equal to Rs 500.
• Advance contactless technology has been used in this card. You can pay money just by waving the card.
• With the help of the SBI Max Credit Card, you can also make bill payments like electricity bills, telephone bills, mobile bills etc.
• You can transfer money to any other credit card with the help of this credit card with very low interest.
• If you spend ₹ 3 lakh in 1 year with this credit card, then you will get a 12,000 reward point as a bonus.

CHARGES OF SBI MAX CREDIT CARD

• The annual charge of this card is Rs.499 and excluding GST. This means that you will have to pay GST separately which is 18%. You have to pay the annual fee only once.
• The renewal charge of this card is Rs.499 and 18% GST. You will have to pay this charge once every year.

Apart from these two charges, you do not need to pay any extra charges.

LATE PAYMENT CHARGES OF SBI MAX CREDIT CARD

• The late payment charge from Rs.0 to Rs 500 is Rs 0.
• Late payment charge more than Rs 500 and up to Rs, 1000 is Rs 400.
• Late payment charge greater than Rs 1,000 and up to Rs 10,000 is Rs 750.
• Late payment charge greater than Rs 10,000 and up to Rs 25,000 is Rs 950.
• Late payment charge greater than Rs 25,000 and up to Rs 50,000 is Rs 1,100.
• The late payment charge above Rs 50,000 is Rs 1300.

ELIGIBILITY CRITERIA FOR SBI MAX CREDIT CARD

• If you want to take this card then your age should be a minimum of 18 years.
• You must be a citizen of India or non-residence of India to get this card.
• Whoever wants to take this credit card should be employed or self-employed and they keep earning every month. However, this is not a fixed rule but SBI executives will give ou the card based on your annual income.

DOCUMENTS REQUIRED FOR SBI MAX CREDIT CARD

 

Proof Of Identity

PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Person of Indian Origin Card, Job card issued by NREGA, Overseas Citizen of India, Letters issued by the UIDAI

Proof Of Adress

Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card provided by the government, Person of Indian Origin Card, Job card which is issued by NREGA, Any Bank Account Statement.

Proof Of Income

However, there is not any fixed minimum income mentioned but SBI will give you this Max Card according to your income. For this, you have to show your salary slip or 3-months bank statement.

HOW TO APPLY FOR SBI MAX CREDIT CARD

Offline Process:

If you want to apply for this credit card, call on the toll-free number 1860 180 1290, 1860 500 1290.

Online Process:

1. First, go to SBI Card’s official website sbicard.com.
2. After that, open the credit card page & search for SBI Max Card.
3. You have already read the features & charges from here, so click on the Apply Now button(if you want to apply).
4. On this page, fill in your required details & upload the documents they asked.
5. Now, Click on Submit & after some days you will get a call from the SBI executive. He will verify your information & documents.
6. Now, pay the joining fee(annual fee).
7. After fee payment, your Max Card will be in your hand in 14 working days.

CONCLUSION

We suggest you buy this SBI Max Card based on your needs. If you travel from your vehicle, If you do international transactions frequently & you want a card to support your ease. You can buy this card

But If you don’t travel from your vehicle & your needs are not fulfilling by this Max Card, You don’t buy this card. Even we suggest you check some other most budget-friendly & features loaded cards like TATA SBI Card, SBI FBB Credit Card, Fabindia SBI Card and SBI Signature Credit Card.