SBI Credit Card Cash Withdrawal Charges

A credit card’s primary feature is to allow you to conduct cashless transactions. However, with a credit card, you can also be given the provision for withdrawing cash via ATMs as a bonus by most issuers. These usually come with a withdrawal limit that may vary from one card to another. Choosing to do so could result in you incurring certain charges.

Here are some important aspects to keep in mind before you decide to withdraw cash through your credit card:

1. Credit Limit and Cash Advance Limit

• Credit Limit: Your credit card limit is the maximum amount that you can spend through your credit card. The credit limit is decided by the bank at their discretion depending on your eligibility. 

• Cash Advance Limit: Your cash advance limit is the maximum amount that can be withdrawn in cash through your credit card. The typical cash advance limit for such credit cards is up to 80% of your credit limit or ₹15,000 per day.  

2. Withdrawal Charges

• Domestic Cash Withdrawal: 2.5% or ₹500 (whichever is higher)

• International Cash Withdrawal: 2.5% or ₹500 (whichever is higher)

• Service charges: 

1. Monthly: 3.5%

Now that you’re aware about the various fees and charges associated with cash withdrawals through an SBI Card, you could begin your application journey. Bajaj Markets offers you a swift and frictionless application journey with minimal documentation involved. All you need to do is fill out an application form, upload a handful of documents, and submit your application.