SBI Card charges certain fees to its customers on various credit card services offered to them. These services include SBI credit card cash withdrawal, balance transfer, international payments, partial bill payment, etc. Read on to know all about the SBI credit card charges, such as forex mark-up, interest rate, late payment fee and many more.
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There are several types of SBI credit cards from which you can choose based on your spending patterns and needs. Apart from the card features and benefits, you can avail many credit card services by paying nominal fees. These SBI credit card charges and fees may vary from card to card and as per your card usage.
SBI Credit Card Charges |
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| Interest Rate/Finance Charges | Cash Withdrawal Charges | Annual Fee/Renewal Fee |
| Forex Charges | Balance Transfer | Over Limit Fee |
| Late Payment Charges | ||
SBI credit card users are charged with a finance charge, also known as the interest rate, if they do not pay their complete credit card bill by the due date. This interest rate is applicable in the following cases:
The credit card interest rate charged on some of the top SBI credit cards are as follows:
| SBI Credit Card | Interest Rate |
| SBI PRIME Credit Card | 3.50% p.m. (42% p.a.) |
| SBI Cashback Credit Card | 3.50% p.m. (42% p.a.) |
| Shaurya SBI Card | 2.75% p.m. (33% p.a.) |
| Yatra SBI Credit Card | 3.50% p.m. (42% p.a.) |
| SBI SimplyCLICK Credit Card | 3.50% p.m. (42% p.a.) |
| SBI SimplySAVE Credit Card | 3.50% p.m. (42% p.a.) |
SBI Credit Card Interest-Free Period
SBI Card offers an interest-free period of 20 to 50 days to its users. This period is calculated between the last statement generation date to the current due date. During this period, no interest is charged on any of the purchases. Please note that the two most important things related to SBI credit card interest-free period:
The credit card interest rate is calculated by considering multiple things, such as transaction date, total amount due, transaction amount, amount due date and much more. To understand it clearly, here’s a detailed example with assumptions:
| Assumptions Made | |
| Credit Card Interest Rate | 3.50% p.m. or 42.00% p.a. |
| Transaction date | 1st December |
| Transaction Amount | Rs. 10,000 |
| Statement Date | 6th December |
| Total Amount Due | Rs. 10,000 |
| Amount Due Date | 26th December |
| Next Statement Date | 6th January |
Now, if the cardholder pays only half of the amount, say Rs. 5,000, on 21st December and doesn’t make any other transactions till the next statement generation date, i.e., 6th January. Then, the SBI Credit Card interest will be calculated in a below-given manner:
Interest User Must Pay: Interest on the full outstanding amount from the date of transaction till partial payment date + Interest on the remaining amount from the day after the date of partial payment till the next statement generation date
Interest from Date of Transaction to Partial Payment Date:
[21 (Number of days from date of transaction to payment date)*10,000 (Full amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 241.64
Interest from Partial Payment Date to Statement Generation Date:
[15 (Days between partial payment date to the day before statement generation date) x 5,000 (Outstanding amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30
Interest that needs to be paid = Rs. 327.94 [241.64 + 86.30]
Total Amount = Rs. 10,327.94
SBI credit card cash withdrawal fee is a one-time fee charged on every credit card ATM cash withdrawal. This fee, also known as the cash advance fee, is charged in the form of a certain percentage of the cash amount withdrawn as described below:
| SBI Credit Card Cash Withdrawal Charges |
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2.5% of the cash amount withdrawn or Rs. 500, whichever is higher For instance, if you withdraw Rs. 10,000, the applicable cash advance fee will be Rs. 500 as 2.5% of Rs. 10,000 is just Rs. 250. On the other hand, if you make a cash withdrawal of Rs. 22,000, the applicable transaction fee will be Rs. 550, instead of Rs. 500. |
Note: In addition to the above mentioned cash withdrawal charge, finance charges are also applicable on that cash amount from the day of withdrawal.
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SBI Card customers have a variety of credit card options from which they can choose from, including entry-level as well as premium category credit cards. However, these cards come with an annual or renewal fee. This fee is charged to the credit card account, as per the card variant, when the card is first issued and on the completion of every card anniversary year. Most cards also offer fee waivers on satisfying certain conditions. Refer to the table below to know the annual fee of some of the popular SBI credit cards:
| Credit Card | Annual Fee | Fee Waiver/Reversal Condition |
| BPCL SBI Card | Rs. 499 | On annual spends of at least Rs. 50,000 |
| SBI Simply CLICK Credit Card | Rs. 499 | On annual spends of at least Rs. 1 lakh |
| Cashback SBI Card | Rs. 999 | On annual spends of at least Rs. 2 lakh |
| SBI Card Pulse | Rs. 1,499 | On annual spends of at least Rs. 2 lakh |
| SBI Card PRIME | Rs. 2,999 | On annual spends of at least Rs. 3 lakh |
| SBI Card ELITE | Rs. 4,999 | On annual spends of at least Rs. 10 lakh |
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Whenever you carry out an international transaction using your credit card, a foreign currency exchange mark-up fee, or the forex mark-up, is charged to your account. Apart from the offline payments or ATM cash withdrawals made overseas, international transactions also include the online payments made in foreign currency and domestic transactions on POS linked to an account outside India. The forex fee charged by SBI Card is given below:
Note: SBI Aurum credit card is an invite-only super premium card which is offered to only a few selected customers.
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In case you do not pay even the minimum credit card bill amount by the due date, SBI Card charges you with a late payment fee based on the outstanding balance amount as described below:
| Total Outstanding Amount | Late Payment Charges |
| Up to Rs. 500 | Nil |
| From Rs. 501 to Rs. 1,000 | Rs. 400 |
| From Rs. 1,001 to Rs. 10,000 | Rs. 750 |
| From Rs. 10,001 to Rs. 25,000 | Rs. 950 |
| From Rs. 25,001 to Rs. 50,000 | Rs. 1,100 |
| More than Rs. 50,000 | Rs. 1,300 |
Note: Apart from the above-mentioned charges, SBI Card levies an additional fee Rs. 100 if you miss paying the minimum amount due by the due date for two continuous billing cycles. This fee is charged on every cycle until you clear the minimum amount due.
Whenever you transfer your outstanding bill amount of any of your other credit cards to your SBI credit card, a processing fee called the SBI credit card balance transfer fee is charged. After the balance transfer, you can either pay the balance in lump-sum or as EMIs. Depending on the EMI tenure you choose, the following charges are applicable:
| Tenure | Processing Fee | Interest Rate |
| 60 days | 2% or Rs. 199, whichever is higher | 0% p.m. |
| 180 days | Nil | 1.7% p.m. (20.40% p.a.) |
At times, SBI Card may allow credit card overlimit transactions based on whether your transaction and customer profile are eligible as per the internal policies or not. An overlimit fee of Rs. 600 or 2.5% of the first transaction amount that exceeds your credit limit, whichever is higher, is levied. This fee is also charged if your credit limit is exceeded by other applicable SBI credit card fees, charges or interest.
| Fee Type | Amount |
| Add-on Card Fees | Nil |
| Minimum Finance Charges | Rs. 25 |
| Cash Payment Fees | Rs. 250 + taxes |
| Payment Dishonour Fees | 2% of payment amount or Rs. 500, whichever is higher |
| Card Replacement Fee | Rs.100 to Rs. 250 (Rs. 1,500 for Aurum Card) |
| Cheque Payment Fee | Rs. 100 |
| Rewards Redemption Fee | Rs. 99 (On gifts, statement credit & selected vouchers) |
| Rent Payment Transaction Processing Fee | Rs. 199 |
Will finance charges be applicable if the bill is paid in full?
No, finance charges are applicable only in case of non-payment of bills or cash withdrawals.
What is Minimum Amount Due (MAD)?
This is the minimum amount that customer must pay in order to avoid paying late fee charges or getting the card blocked. It is usually 5% of the outstanding amount+ taxes (if any) + Active EMIs + Fees and Penalties (if any).
What will happen if I over-utilize the limit on my SBI credit card?
If you spend more than the credit limit then you will incur over-limit charges or get the card blocked. To unblock your credit card, pay off bit more than the amount going over the limit.
What should I do if I lose my credit card?
If you lose your SBI credit card then call the SBI card customer care centre to block it. The toll-free numbers are 1860 180 1290 and 1800 180 1290.
Are there any hidden SBI credit card charges?
Card issuers declare all applicable charges in the Most Important Terms & Conditions (MITC) Document. Customers must read SBI MITC Document thoroughly to understand the charges on their SBI Credit Card.
