SBI Credit Card Cash Withdrawal Charges

SBI Credit Card Cash Withdrawal Charges

SBI Credit Card Cash Withdrawal Charges

The prime feature of a credit card is to help you perform cashless transactions but the cash withdrawal facility is an added bonus that the banks offer. A credit card allows you to withdraw cash from an ATM. Therefore, credit card cash withdrawals involve charges. This cash withdrawal feature may not necessarily be made available to all the credit cards. Also, there are limits on withdrawal and that too varies from one card to another.

Credit card cash advance limit and charges

You need to keep two aspects in mind when you use a credit card:

  • Credit Limit: The credit limit is the upper limit to which you can spend on your credit

  • Credit Card Cash Advance Limit: The cash advance limit is the maximum limit you can use to withdraw cash.

The advance cash limit for withdrawal on a credit card typically ranges from 20% - 40% of your overall credit limit. So, if your credit limit on the card is Rs. 2 Lakh, you can withdraw Rs 40,000 to Rs 80,000 from an ATM. Each cash withdrawal made through your credit card attracts a cash advance fee (also called withdrawal charges) of 2% - 5% of the amount you have withdrawn.

Cash advance fees of SBI credit cards

SBI credit cards also offer the option of cash withdrawal on their credit cards. SBI credit card cash withdrawal charges are 2.5% of the amount you have withdrawn or Rs 500 - the higher of the two will be applicable on domestic ATMs. However, the international cash withdrawal charges or cash advance fees may go up to 3% on some categories of SBI credit cards. Apart from cash withdrawal charges, you will also be required to pay monthly and yearly services charges of 3.35 % to 40.2% on the withdrawals, beginning from the date of the cash withdrawal from an ATM to the date of repayment or settlement of the full amount.

Top five credit cards offered by SBI and their cash withdrawal charges

  • SBI Card ELITE:

The cash advance limit on this card is up to 80% of the credit limit, with a maximum of Rs 15,000 per day. The SBI credit card cash withdrawal charges for this card at any ATM (including SBI) is 2.5% of the transaction amount, subject to a Rs 500 minimum. The same charges are applicable to international withdrawals as well.

  • Club Vistara SBI Card PRIME:

On this travel credit card, the cash advance limit is up to 80% of the credit limit, with a maximum of Rs 12,000 per day. The SBI credit card cash withdrawal charge for this card is 2.5% of the transacted amount, subject to a Rs 500 minimum. For withdrawals at international ATMs, the charges for cash withdrawal from an SBI credit card (Club Vistara SBI Card PRIME) is 3% of the transacted amount, subject to a minimum of Rs 500.

  • SBI PRIME Business Card:

SBI PRIME Business Card offers a cash advance limit of up to 80% of the credit limit, with a maximum of Rs 15,000 per day. The cash withdrawal charge for this card is 2.5% of the transacted amount, subject to a minimum of Rs 300. On international ATMs, the cash advance fee is 3% of the transacted amount, subject to a minimum of Rs 300.

  • Doctor’s SBI Card (in association with IMA):

The cash advance limit on this card is up to 80% of the credit limit, with a maximum of Rs 15,000 per day. The cash withdrawal charge for this card is 2.5% of the transacted amount, subject to a Rs 500 minimum. The same cash advance fee applies for international withdrawals as well.

  • BPCL SBI Card OCTANE:

This fuel credit card comes with a cash advance limit of up to 80% of the credit limit, with a maximum withdrawal of Rs 12,000 per day. The cash advance fee for withdrawals at SBI or any other ATMs is 2.5% of the transacted amount, subject to a minimum of Rs 500 and the same charges apply to international withdrawals as well.

Why choose an SBI credit card from Finserv MARKETS?

  • You can choose from an exclusive range of SBI credit cards on Finserv MARKETS. Check your eligibility and compare the various features and fees/charges it involves. What are you waiting for? Apply for credit card now!

  • With the SBI credit cards, available on Finserv MARKETS you can avail a personal loan against the cash limit on your card.

  • Finserv MARKETS offers an extensive range of SBI Credit Cards that allows you to select the one that best suits your lifestyle, preferences, and spending habits.

  • Getting an SBI Credit Card from Finserv MARKETS is super easy. All you have to do is enter your personal details and contact information, select the card of your choice, and submit the necessary documents and your form online. Once approved, you’ll have your SBI Credit Card in no time.

Frequently Asked Questions About SBI Credit Card Cash Withdrawal Charges

  • ✔️What is the charge for cash withdrawal on an SBI credit card?

    Typically, the charges for cash withdrawal from an SBI credit card at an SBI domestic or other ATMs is 2.5% of the transaction amount, subject to a minimum of Rs 500. On some of the SBI credit cards, this may go up to 3% of the transaction amount for withdrawals at international ATMs.

  • ✔️Can I transfer money from my SBI credit card to my bank account?

    You can apply for the SBI Easy Money Card that gives you a feature of instant money transfer. You can make the transfer via NEFT and get the amount credited into your account within 48 working hours. You can avail this feature for a minimum amount of Rs 5,000 or a maximum of up to 75% of your cash limit available.