SBI Card Unnati

SBI Card · Open to apply

A starter card issued against a lien on an SBI fixed deposit of ₹25,000 or more. No annual fee for the first four years, then ₹499. Earns 1 point per ₹100 and a ₹500 cashback at ₹50,000 of annual spends.

Annual fee
₹499 + GST a year
Joining fee
None
Base rate
1 point per ₹100 on domestic and international spends: 1 SBI Card Reward Points per ₹100 (about 0.25% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 20 Oct 2026

Earns nothing on

  • No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
  • No points on rent (MCC 6513)
  • No points on wallet loads (MCCs 6540, 6541)
  • No points on cash advances and balance transfers
  • No points on Flexipay

Where the sources disagree

  • Statement credit multiples: The card's T&C booklet says statement credit comes in multiples of 2,000 points "unless or otherwise stated" with a 2,000-point minimum; the later 29 Mar 2026 notice sets multiples of 4,000 points and a 60,000-point monthly cap for all eligible cards without excepting Unnati. We use the notice.
  • Fuel surcharge waiver cap period: The product page says a maximum of ₹100 per statement cycle; the T&C says ₹100 per month.

Terms the calculator does not value

  • The finance charge may be 2.75% a month rather than 3.75% because the card is FD-backed; no official source names Unnati.
  • The credit limit depends on the fixed deposit and is not stated officially, so a cardholder's usable limit and the money tied up in the deposit are not valued.
  • The ₹500 cashback milestone's crediting rule is not stated; it is counted once a year.

Sources

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