The SBI offers a variety of credit cards catering to the financial demands of their clients. SBI credit cards come with a multitude of appealing benefits, ranging from low finance charges to a fantastic rewards program. With an SBI credit card, you can get great discounts, cash backs, and reward points on purchases in categories such as travel, eating, retail, and many more. Let’s take a look at SBI credit card payment methods, reward points, and other aspects to get a better understanding.
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Methods for SBI credit card payment online
The SBI provides various online and offline payment options for conveniently settling your SBI credit card payment.
To pay off your credit card debts on schedule, you can utilize any of the online payment methods listed below.
PayNet-Pay Online
You can clear your SBI credit card payment through net banking by using your online SBI account.
Auto Debit
The SBI account can be used to set up standing instructions for hassle-free SBI credit card online payment via auto-debit.
UPI
You can use the BHIM SBI Pay app as a UPI option for your SBI credit card payment.
YONO
YONO is the app of SBI that offers electronic bill payment of SBI credit cards.
Methods for SBI credit card payment offline
Here are the ways that you can use to repay your credit card bills offline.
SBI Branch
Payments for SBI credit cards can be made at any SBI branch. You can use cash or a cheque for the SBI credit card payment.
ATM
SBI also gives you the option of paying your bill at any SBI ATM by using your debit card.
Dropbox (Manual & Electronic)
You can pay your credit card bill by depositing a check-in either a manual or electronic dropbox.
How to Avail SBI Credit Card Statement?
The SBI credit card statement is a thorough summary of your expenses that SBI sends you once a month. You can access your SBI credit card statement both online and offline.
Online Options
Net Banking
You can use your SBI net banking account to check your SBI credit card statement.
Mobile App
SBI credit card mobile app is available on the play store. You can download it and use it to check your SBI credit card statement.
Offline Options
SMS
You can get an SMS version of your SBI credit card statement.
Customer Care
You may contact the SBI credit card customer representative and ask for a copy of your SBI credit card statement.
Post
Once the SBI credit card statement has been generated, you may request a paper copy from the bank. The statement will be delivered to your registered address.
Nearest SBI Branch
You can always go to your nearest SBI branch and request a copy of your SBI credit card statement from a bank representative.
Components of Credit Card Statements
Below are the different components of the SBI credit card statement.
Total Due Amount
It is the total amount owed on your credit card at the end of a payment cycle. It comprises both current billing cycle charges as well as any amounts owed from past billing cycles.
Minimum Payment Required
The minimum amount payable is a percentage of the entire balance payable, usually 2% to 3%. To keep your card active, you must clear the minimum outstanding value.
Billing Cycle
The billing cycle is the period in which the statement is generated. All transactions completed within a billing cycle must be paid at the end of the cycle.
Payment Deadline
The payment time limit is the deadline for paying your bill.
Interest-Free Period
The interest-free period is the period beginning with the transaction date during which you can pay for your purchase without incurring any further interest costs.
Credit Limitation
The SBI credit card statement also includes the available cash and SBI credit card limit, allowing you to better plan your expenses.
Transaction Summary
The transaction summary lists all transactions made within a billing period.
What are SBI Reward Points?
All authorized SBI credit card customers can participate in the Shop-and-Smile program, which allows them to earn rewards for every purchase transaction. Shopping, dining, travel, and other types of transactions with an SBI Card can earn you rewards. Reward points can be used to purchase a variety of items from the online rewards catalogue, including electronics, vouchers, lifestyle products, travel vouchers, accessories, and much more.
How to Redeem SBI Credit Card Reward Points?
The SBI credit card reward points can be redeemed online and offline.
Here are the ways to redeem your SBI credit card reward points online.
SBI Website
- Log in to sbicard.com
- Go to ‘Rewards,’ then ‘Redeem Rewards.’
- Browse the rewards catalogue and choose the things you want to purchase.
- Click ‘Redeem now’ and then ‘Confirm.’
SBI Mobile App
- Log in to the SBI mobile app.
- Select ‘Rewards’ and then ‘Redeem Rewards.’
- Explore the Rewards Catalogue and select the reward products you want to purchase.
- Click ‘Redeem’ and then ‘Confirm.’
Offline Method
The SBI credit card reward points can be redeemed offline by calling the credit card customer service number. The customer service representative will assist you with the redemption process.
Concluding Comments
SBI offers various benefits and exciting rewards to their credit cardholders. You can avail of these advantages and have a delightful experience. Apply for the SBI credit card today!
Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.
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