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SBI Credit Card charges some fees for various services they offer. These include balance transfer charges, late payment charges, cash withdrawal charges, and foreign exchange charges, among others. Knowing the SBI Credit Card details and charges can help you opt for the best card.

 

Read on to learn about the SBI Credit Card annual fee and other additional charges before choosing a credit card.

Types of SBI Credit Card Fees and Charges

You can choose from various types of SBI credit cards based on your requirements and spending habits. The SBI Credit Card fees and charges vary from one variant to another and based on your usage.

  • SBI Credit Card Annual and Renewal Fees

Most credit cards offered by SBI come with an annual charge, which is a one-time fee you must pay for using the SBI credit card. This fee may be waived if you spend a certain amount in the previous year, as specified in the terms and conditions. 

 

So, review the annual and renewal fees before applying for a credit card. Here are a few SBI Credit Card types and their annual charges.

Credit Card Name

Joining Fee (₹)

Annual Fee (₹) 

AURUM

9,999

9,999 (Waived off on spending at least exceeding 12 Lakh in the last year)

SBI Card ELITE

4,999

4,999 (Waived off on spending at least 10 Lakh in the last year)

SBI Card ELITE Advantage

4,999

4,999 (Waived off on spending at least 10 Lakh in the last year)

SBI Card PRIME

2,999

2,999 (Waived off on spending at least 3 Lakh in the last year)

SBI Card PRIME Advantage

2,999

2,999 (Waived off on spending at least 3 Lakh in the last year)

OLA Money SBI Card

Nil

499 (Waived off on spending at least 1 Lakh in the last year)

SBI Card Unnati

Nil

499 (5th year onwards)

Krishak Unnati SBI Card

Nil

499 (Waived off on spending at least 30,000 in the last year)

Disclaimer: These charges can vary at the discretion of the bank. Some of the listed cards are not available through Bajaj Markets. Kindly visit the official website for further details.

  • SBI Credit Card Late Payment Charges

You need to pay SBI Credit Card late payment charges if you fail to pay the Minimum Amount Due on your SBI Credit Card before the payment due date.

 

If you fail to pay the Minimum Amount Due by the due date for two consecutive cycles, a late payment fee of ₹100 will be charged. You will be charged the late payment fee for every payment cycle until the Minimum Amount Due is cleared.

Total Outstanding Amount (₹)

Late Payment Charges (₹)

Up to 500

Nil

From 501 to 1,000

400

From 1,001 to 10,000

750

From 10,001 to 25,000

950

From 25,001 to 50,000

1,100

More than 50,000

1,300

Disclaimer: These charges can vary at the discretion of the bank.

SBI Credit Card Balance Transfer

You need to pay the SBI Credit Card balance transfer fee if you transfer the outstanding bill of your other credit cards to the SBI Card. With this facility, you get the flexibility to pay the amount in a lump sum or via EMIs. 

 

Here are the applicable charges based on the tenure you choose: 

Tenure

Interest Rate (per month)

60 days

0% 

180 days

1.7% (20.40% p.a.)

SBI Credit Card Over-Limit Charges

Subject to internal policy and customer eligibility, SBI may approve over-limit transactions as a service gesture. However, SBI Credit Card over-limit charges are levied when you exceed the credit limit of your SBI credit card. 


According to the internal policy, SBI charges an over-limit fee equal to 2.5% of the total over-limit amount or ₹600, whichever is higher.

SBI Credit Card Forex Charges

When using your SBI Credit Card for international transactions, you need to pay a foreign currency exchange mark-up fee. Here are SBI Card international transaction charges: 

SBI Credit Card

Percentage (of the transaction amount)

SBI ELITE and AURUM credit card variants

1.99% 

All SBI credit cards (except ELITE and AURUM)

3.5% 

SBI Credit Card Cash Withdrawal Charges

The SBI Credit Card cash withdrawal fee, or cash advance fee, refers to a one-time fee that you need to pay on ATM cash withdrawals. The cash withdrawal fee for SBI Credit Cards is 2.5% of the amount or ₹500, whichever is higher.

Other Fees and Charges on SBI Credit Cards

Check out a few additional charges levied on your SBI Credit Cards.

  • SBI Credit Card Cash Advance Fees

During emergencies, you can withdraw cash from domestic or international ATMs. However, the SBI Credit Card cash withdrawal limit is ₹500 or 2.5% of the withdrawn amount, whichever is higher.

  • SBI Credit Card Cash Payment Fees

You can clear your monthly dues by paying cash at select SBI branches. Simply mention your credit card number and the amount you wish to deposit in your pay-in slip. However, you may have to pay ₹250 as service fees and applicable taxes when availing this facility.

  • SBI Credit Card Add-on Card Fees

SBI charges zero fees when you opt for the add-on card option.

Fee Type

Charges

Add-on card 

Nil

  • SBI Credit Card Minimum Finance Charges

Finance charges are paid at the monthly rate of interest on all transactions. These include unpaid EMI instalments, credit card balances, cash advances, etc. The current rate is up to 3.50% per month and 42% annually. The minimum finance charges are ₹25, excluding taxes.

  • SBI Credit Card Payment Dishonour Fees

When your SBI Credit Card payment does not go through, it is considered Dishonour. In this case, you need to pay a dishonour fee of 2% or a minimum charge of ₹500.

  • SBI Credit Card Replacement Fee

SBI offers you the facility to replace your credit card. For this service, you need to pay a card replacement fee of ₹100-250. The fee for the AURUM variant is ₹1,500.

  • SBI Credit Card Cheque Payment Fee

If you wish to make a payment via a cheque, you need to pay a cheque payment fee of ₹100.

  • SBI Credit Card Rewards Redemption Fee

To redeem some of your rewards, you need to pay a rewards redemption fee of ₹99. This fee is applicable on cash redemption, gifts, and specific vouchers for all SBI credit cards except the AURUM Credit Card.

  • SBI Credit Card Rent Payment Transaction Processing Fee

The rent payment transaction processing fee for SBI credit cards is ₹199. Note that this processing fee is not reversible in case of cancellation, refund or reversal of the transaction.

 

Now that you know the SBI Credit Card charges, you can plan your transactions better to ensure seamless financial management. You may apply for cards by SBI Card on Bajaj Markets. Once you meet the required eligibility parameters, you can get your card effortlessly! 

Frequently Asked Questions

What are the various charges applicable to SBI Credit Cards?

Depending on the SBI Credit Card variant, you may have to pay certain SBI Credit Card charges and fees. Be aware of these charges before applying for a credit card online.

What are the different fees and charges on SBI Credit Cards?

The most common SBI Credit Card charges and fees levied on SBI cards include SBI Credit Card annual fees, SBI Credit Card late payment charges, SBI Credit Card over-limit charges, SBI Credit Card finance charges, etc.

How can I avoid the SBI Credit Card annual fee?

The SBI credit card annual fee varies with the type of card. However, this annual fee can be waived. For instance, getting an SBI Unnati card allows you to enjoy a waiver on your annual fees for the first 4 years. 

 

Similarly, a few cards offer milestone benefits, so you can avoid paying annual fees.

Is the SBI Credit Card free for salary account holders?

No, free credit cards are currently unavailable for salary account holders. However, you can apply for an SBI Unnati Credit Card to avoid paying annual fees during the first 4 years. 

What is the interest rate of an SBI Credit Card?

The SBI Credit Card interest rate is up to 3.50% per month. 

Will I be charged a fee if I pay the minimum payment amount?

By paying the Minimum Amount Due (MAD) before the due date, you can avoid late payment fees.

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