SBI Credit Card Fees and Charges

Several SBI credit cards offer an annual fee waiver when you meet a predefined spending threshold in the previous year. The requirement varies by card variant. For example, certain cards offer a full waiver when you cross the issuer‑specified annual spend milestone.

No, free credit cards are currently unavailable for salary account holders.

SBI credit cards come with finance charges of up to 3.75% per month (45% per annum) as per the details in the latest MITC.

You can avoid late payment fees by paying the Minimum Amount Due (MAD) before the due date.

You can enjoy an interest-free period of 20 to 50 days, subject to the submission of claims by the merchant. You cannot enjoy this benefit if any amount is due from the last billing cycle.

If you withdraw cash, you will have to pay 2.50% of the withdrawn amount or ₹500 (whichever is higher).

The Flipkart SBI Card, BPCL SBI Card OCTANE, and SBI Card PULSE, all have an annual fee of ₹1,499.

There is no SBI credit card on Bajaj Markets with zero annual fee. However, the SimplyCLICK SBI Card charges an annual fee of ₹499, which is waived off if you spend ₹1 Lakh or more in the previous year.

To remove the annual fee from your credit card, you may request a fee waiver from your card issuer if you meet spending or loyalty requirements. Alternatively, switching to a no-annual-fee card may be an option if the issuer offers such plans.

Yes, for many SBI credit cards that offer complimentary domestic lounge visits, a quarterly spend threshold (e.g., ₹75,000 in the previous quarter) is required to qualify for free lounge access.

For instance, cards like SBI Card ELITE and SBI Card PRIME offer limited free lounge visits each year, subject to transaction fulfilment criteria.

Note: Lounge access is typically restricted to primary cardholders, with nominal swipe fees for authentication. Visit limits and conditions vary by card type, so check specific card terms for detailed information.

Yes, in certain cases, SBI Card may allow customers to request conversion of their regular credit card to a Lifetime Free (LTF) variant, typically after a period of active usage with a minimum annual spend.

Note: Conversion is subject to eligibility and approval. To apply, cardholders usually need to contact the issuer's customer care and request conversion or negotiate fee waivers during renewal.

The annual fee is a yearly charge that varies by card variant. It is billed once every year to keep the card active. The exact amount depends on the card you hold.

Yes. All fees and charges on SBI credit cards, including annual fees, late payment charges, cash advance fees and finance charges, attract GST as per government rules.

Interest is charged when you do not pay the Total Amount Due in full by the Payment Due Date. It also applies when you make only a partial payment or withdraw cash from an ATM. Interest on cash advances starts from the transaction date.

Interest is calculated on a daily basis on the outstanding balance. When the previous month’s dues are not cleared in full, finance charges apply on the closing balance until repayment. Interest on cash withdrawals applies from the withdrawal date until the amount is fully paid.

If your bill is not paid by the due date, late payment charges are added based on the overdue amount. If the Minimum Amount Due is missed for two consecutive cycles, an extra ₹100 is charged each cycle until the dues are cleared.

Yes. Late payments may be reported to credit bureaus and can negatively impact your credit score. Consistent on‑time payments help maintain a healthy repayment track record.

Yes. Cash withdrawals attract a fee of 2.5% of the withdrawn amount or ₹500, whichever is higher. Interest is also charged from the date of withdrawal until full repayment, with no interest‑free period.

Interest on cash withdrawals begins from the transaction date and continues until the entire withdrawn amount is repaid. This applies to both domestic and international ATM withdrawals.

Foreign transaction fees vary by card variant:

• SBI Card MILES: 3%

• SBI Card ELITE: 1.99%

• All other cards: 3.5%

If your outstanding balance exceeds your credit limit, an overlimit fee of 2.5% of the excess amount or ₹600, whichever is higher, is charged once per billing cycle.