State Bank of India (California) Credit Cards

About State Bank of India (California)

The State Bank of India (SBI) is one of the largest banks in the world. The bank, owned by the Indian state, has its headquarters in Mumbai. The bank is currently the 236th largest financial institution worldwide, with over $7.1 trillion in assets as of December 2019.

State Bank of India (California), also known as SBIC, is one of the U.S. subsidiaries of State Bank of India, with the other being State Bank of India (Chicago).

SBIC is a wholly-owned subsidiary of the State Bank of India. The American bank traces its roots back to 1982 when it was first established as a California State Charted Bank.

The bank offers a full portfolio of banking products for businesses and personal use. These services include savings accounts, checking accounts, debit cards, money market accounts, loans mortgages, and more. The bank also offers a helpful mobile app.

The bank also specializes in money transfers to India, making it the perfect banking partner for those with ties to the Indian subcontinent.

State Bank of India (California) Branch Locations

While SBI may be one of the largest financial institutions in the world, SBIC has a much smaller presence in California. The bank currently operates just seven branches throughout the state. Current SBI locations include:

• Los Angeles – 707 Wilshire Boulevard, Suite 2900, Los Angeles, CA 90017
• Cerritos – 17500 Bloomfield Avenue, Suite B, Cerritos, CA 90703
• Woodland Hills – 21724 Ventura Boulevard, Woodland Hills, CA 91364
• San Diego – 9494 Black Mountain Road, Suite E, San Diego, CA 92126
• Fresno – 2787 W. Shaw Avenue, Suite 101, Fresno, CA 93711
• San Jose – 675 N. First Street, Suite 105, San Jose, CA 95112
• Fremont – 39148 Paseo Padre Parkway, Fremont, CA 94538

The Los Angeles branch also serves as the corporate headquarters for the bank.

SBI Credit Cards

SBIC offers several personal credit cards. The bank provides both American Express and Visa credit cards. These options include rewards credit cards, student credit cards, and even a secured card for those with bad credit.

Besides the SBIC Visa Secured, which features an annual fee of $35, all other SBI credit card accounts charge no annual fee to cardholders.

SBI Rewards credit cards earn points with every purchase.  Points are redeemable as travel (airfare, hotels, and more), gift cards, or merchandise. Cash back options include statement credit or deposits into SBIC savings or checking accounts.

FAQs About State Bank of India (California)

Here are some of the most frequently asked questions about SBIC and State Bank of India credit cards:

What credit report does State Bank of India pull?

• SBIC currently pulls your Experian credit report when applying for a loan.

Can you bank with State Bank of India if you live outside California?

• Yes. While the bank currently only has branches in seven California locations, anyone can bank with SBIC.

What are SBIC Rewards points worth?

• The current value of SBIC rewards points is approximately one center per point. The precise value of points depends on the method of redemption, however.

What credit score do you need to get an SBIC credit card?

• Most credit cards from State Bank of India (California) require a good credit score or excellent credit score. The State Bank of India Secured Card, however, only requires a bad credit score or even no credit history. This makes the card perfect for anyone looking to repair their credit. The College Rewards Visa also is great for establishing a credit history, only requiring a fair credit score.