SBI Dena Bank Secured Credit Card Review

SBI Dena Secured Credit Card is a co-branded secured credit card from the State Bank of India. They have designed the card in alliance with Dena Bank. This Card is specially designed for beginners and for those who want to improve their credit score. The benefits of the card are a welcome benefit, anytime cash withdrawal facility, balance transfer facility, EMI facility through Flexipay, add-on facility, easy ticket booking facility, and lots more. 

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 18 to 60 yrs. 
    • Income: This card is issued against a fixed deposit account. 
  • For self-employed person:
    • Age: 18 to 60 yrs. 
    • Income: This card is issued against a fixed deposit account
  • The minimum fixed deposit amount is ₹30,000.
  • Good relation with the bank. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report. 


  • Joining Fee: None. 
  • Annual Fee: ₹250 + GST 


  • Welcome benefit:

With the issuance of the card, you will get ₹100 cash-back on your first cash withdrawal, as a welcome gift. You can get this offer within 30days of the card activation.

  • Credit convenience:

With your ‘SBI Dena Secured Credit Card’ you can enjoy up to 50 days of the credit-free period. In case of emergency, you can have an extended credit period with a very low-interest rate of 1.99% (monthly).

  • Easy application:

With this card, you don’t need to go through the hustle of the application process. The application procedure of the card is very simple and fast, also you can avail of this card against your fixed deposit amount. (Min amount is ₹30,000).

  • Anytime cash Withdrawal:

With this card, you can withdraw cash almost from any ATMs. You can get cash from up to 18,000 ATMs in India. The maximum Withdrawal limit is 100%

  • Balance Transfer:

You can transfer the outstanding balances from your other credit card to your ‘SBI Dena Secured Credit Card’ to get a lower interest rate.

  • Ticket Booking:

With this card you can now book your Railway tickets online and also you can order them at your doorstep with a few simple steps.  

  • Add on facility:

You can add your loved ones with your card as add-on members and they can also enjoy the benefits of having a credit card. The Age of the add-on members should be at least 18 yrs. 

  • Flexipay:

With this feature, you can now buy products of your choice and you can pay the bills in easy monthly EMIs at a very low-interest rate. You can transform your bills into EMIs within 10 days of purchase.

  • Easy money:

You can now get a bank draft more easily. With this card, you can now order a bank draft at your doorstep any time with just a phone call. This feature is very helpful for bill and tax payments.

The amount of the draft will be added to your monthly card bills.

  • Autopay:

With the auto-pay feature, your bills will be paid automatically within due dates. You can also set the maximum amount you want to pay.

  • Alert facility: 

With this feature, you will feel more secure regarding your account. You will get SMS & E-Mail Alerts on cash transactions, reaching credit limits, Mini statements generation, and lots more.

  • Worldwide Acceptance:

Your ‘SBI Dena Secured Credit Card’ is accepted by over 2 million visa outlets in the world. That means you can use this card almost anywhere.


  • Cash Withdrawal Charge: 2.5% against the withdrawn amount. 
  • Finance Charge: 1.99% monthly. 
  • Foreign currency transaction: 3.5% against the transacted amount. 

Contact Details:

Call: 1800 180 1290 (toll free) 

         3902-0202 (add the STD code of your locality)

Mail: [email protected]

100xGain Ratings:


Final Opinion:

For a beginner, it is a very simple and hustle-free credit card, especially for those customers who do not have a regular source of income. Although you cannot earn huge benefits from this card, those who do not have a regular source of income or have a very low credit score can improve it by using this card.

But if you want to earn benefits, then you can go for Axis Bank Insta Easy Credit Card, it is also a secured credit card and it brings some awesome benefits with it. You can also go for BOB Prime Credit Card.   

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