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Understand the key fees and charges linked to SBI credit cards, including annual fees, cash advance costs, foreign currency mark‑ups, balance transfer charges, and other applicable expenses.
Last updated on: Jun 09, 2026
Understanding SBI Credit card charges and fees is essential to manage your credit usage effectively. These charges include SBI credit card annual charges, interest rates, late payment fees, ATM withdrawal fees, over-limit penalties, and foreign transaction charges.
The common types of SBI bank credit card charges include annual fees, finance charges on unpaid balances, and charges for services such as cash withdrawals and balance transfers. For instance, SBI credit card late payment charges are levied when you miss your due date, while SBI credit card ATM withdrawal charges apply when withdrawing cash using your card.
Additionally, SBI credit card international transaction charges apply when you transact in foreign currency, typically including a forex markup. Being aware of these types of SBI bank credit card fees helps you plan your spending better and avoid unnecessary costs.
Understand what it includes and why it is charged
SBI credit card charges are levied for specific services that you can enjoy. You will have to pay different types of SBI credit card fees depending on the use. This could include charges to make certain types of transactions, to use your card overseas, or to make online payments.
| Charge Type | Details |
|---|---|
Interest Rate |
Up to 3.5% per month (42% p.a.) |
Cash Advance Fee |
₹250 (+ Any Applicable Charges) |
Over-limit Fee |
2.5% (minimum ₹500) |
Late Payment |
As per balance slabs |
Forex Markup |
Up to 3.5% |
ATM Withdrawal |
2.5% (minimum ₹500) |
Understand what it includes and why it is charged
It is one of the first few things you need to look at when selecting an SBI Credit Card. An annual fee is a one-time charge levied when obtaining the credit card. A renewal fee is an annual charge you have to pay to continue using the card beyond its first year.
| Credit Card Variant | Annual Fees (Excluding Taxes) | Renewal Fees (Excluding Taxes) | Waiver Condition |
|---|---|---|---|
₹499 |
₹499 (Waived off on annual spends of ₹1 Lakh or more in preceding year) |
Spend-based waiver |
|
₹500 |
₹300 |
High annual spend |
|
₹499 |
₹499 (Waived off on annual spends of ₹50,000 or more in preceding year) |
Spend-based waiver |
|
₹1,499 |
₹1,499 (Waived off on annual spends of ₹2 Lakhs or more in preceding year) |
Premium spending threshold |
|
₹4,999 (Waived off on annual spends of ₹10 Lakhs or more in preceding year) |
₹4,999 (Waived off on annual spends of ₹10 Lakhs or more in preceding year) |
High annual spend |
|
₹499 |
₹499 (Waived off on annual spends of ₹1 Lakh or more in preceding year) |
Online spend waiver |
|
₹2,999 |
₹499 (Waived off on annual spends of ₹3 Lakhs or more in preceding year) |
Lifestyle spend milestone |
|
₹499 |
₹499 |
Retail spend waiver |
|
₹1,499 |
₹1,499 |
Fashion spend threshold |
|
₹750 |
₹750 |
Department store spend |
|
₹499 |
₹499 |
Apparel spend waiver |
|
₹1,499 |
₹1,499 (Waived off on annual spends of ₹2 Lakhs or more in preceding year) |
Wellness spend criteria |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
SBI credit cards allow cardholders to withdraw cash from ATMs, which is treated as a cash advance. Unlike regular card purchases, ATM withdrawals attract separate fees and interest charges from the transaction date, with no interest‑free period.
The cash advance limit is typically up to 80% of the total credit limit, subject to the card variant and bank policy. Due to higher costs, cash withdrawals should be used only for short‑term or emergency requirements:
| Transaction Type | Applicable Cash Advance Fees | Interest |
|---|---|---|
For Withdrawal at Domestic ATMs |
Percentage‑based charge or fixed minimum amount |
Charged from transaction date until repayment |
For Withdrawal at International ATMs |
Higher withdrawal fee plus currency conversion charges |
Charged daily until outstanding is cleared |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
Note: All cash advances also incur a finance charge that is equal to fees on revolving credit from the withdrawal date until the date of full payment.
The credit card networks (Visa or MasterCard) charge this fee for converting the foreign currency to your home currency. They typically include a foreign currency markup, which is a percentage added to the transaction amount. Here are the applicable charges:
| SBI Credit Card | Percentage of the Transaction Amount |
|---|---|
SBI Card ELITE* and AURUM Credit Card Variants |
1.99% |
All Other SBI Credit Cards |
3.50% |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
You need to pay these charges if you transfer the outstanding bill of your other credit cards to the SBI Card you use. With this facility, you get the flexibility to pay the amount in a lump sum or in EMIs. SBI credit cards allow balance transfers with a processing fee of around 1–2% of the transferred amount or a flat ₹199. This helps consolidate dues at comparatively lower interest rates. Always check applicable terms before opting.
Here are the applicable SBI credit card charges and fees for the balance transfer facility based on the tenure you choose:
| Tenor | Interest Rate (per month) |
|---|---|
60 days |
0% |
180 days |
1.7% per month (20.40% p.a.) |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
Subject to internal policy and customer eligibility, SBI Card may approve over-limit transactions as a service gesture. An over-limit charge occurs when you spend more money on your credit card than what your credit limit allows.
When you exceed this limit of your SBI credit card, you need to pay over-limit charges. Check out the overlimit charges given below:
Over-limit Fee |
2.50% of the over-limit amount or ₹500 (whichever is higher) |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
You will have to pay this fee if you fail to pay the Minimum Amount Due on your SBI credit card before the due date. If you fail to pay the due amount for two consecutive cycles, you will have to pay a late fee of ₹100.
SBI Card will charge the late payment fee for every payment cycle until you clear the Minimum Amount Due. Check out the late payment fees given below:
| 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 issuer.
Beyond the commonly known annual fees and forex charges, SBI Card charges a range of other fees. These can also impact your overall borrowing capacity. Understanding these additional charges is crucial for effective credit card management. Check out other types of SBI credit card charges:
| Type of Charges | General Range |
|---|---|
Cash Payment Fees |
₹250 + Applicable Charges |
Minimum Finance Charges/Interest Rate |
3.50% per month (42% per annum) |
Payment Dishonour Fees |
2% of the payment amount subject to a minimum of ₹500 |
Card Replacement Fee |
₹100 to ₹250 (₹1,500 for SBI AURUM Credit Card variant) |
Cheque Payment Fee |
₹100 |
Rewards Redemption Fee |
₹99 (Applicable only on physical product) |
Rent Payment Transaction Processing Fee |
₹199 |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
Reviewer
Depending on the card variant and the type of transactions, you may have to pay certain SBI credit card charges and fees. These include annual or renewal charges for obtaining and maintaining the card, balance transfer charges if you decide to use this facility, and more.
You can avoid paying annual charges by meeting the card’s annual spend requirement. Most cards offer a spend-based waiver, making them effectively SBI credit card annual charges free if you cross the defined threshold. The spend limit varies by card type, so check your card’s terms to qualify for the waiver.
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. Since it is not available on Bajaj Markets, you can apply for it directly from SBI Card’s website.
The SBI Credit Cards’ interest rate is up to 3.50% per month or 42% per annum.
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.
The SBI credit card ATM withdrawal charges are typically 2.5% of the withdrawn amount (minimum ₹500). Interest is charged from day one, with no interest-free period, at around 3.5% per month. Cash withdrawal limits are usually up to 80% of your available credit limit.
The BPCL SBI Card OCTANE, SBI Card PULSE, and Max SBI Card SELECT all have an annual fee of ₹1,499.
Some entry-level or promotional SBI cards are offered as SBI credit card annual charges free, either lifetime or through spend-based waivers. Examples may include select variants of SimplyCLICK or co-branded cards. Availability depends on offers, eligibility, and issuer policies at the time of application.
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 bank approval. To apply, cardholders usually need to contact the issuer's customer care and request conversion or negotiate fee waivers during renewal.
The SBI credit card international transaction charge typically includes a forex markup of up to 3.5% on foreign currency transactions. This charge is applied on the converted amount and is in addition to network conversion rates, increasing the total cost of international purchases.
SBI credit card late payment charges depend on the outstanding balance, ranging from nil for balances up to ₹500 to around ₹1,300 for higher dues. Missing payments also attracts finance charges and can negatively impact your credit score, making timely repayment essential.
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