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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: Nov 04, 2026
SBI credit cards come with various charges that may apply depending on how you use the card. These typically include joining and annual fees, finance charges on unpaid balances, cash withdrawal charges, late payment fees, foreign currency transaction charges, and over-limit charges. Understanding these costs can help you manage your card more effectively and avoid unnecessary expenses.
In addition to regular card fees, certain transactions such as ATM cash withdrawals, balance transfers, and international spends may attract additional charges. Late payment fees may apply if you miss your payment due date, while finance charges can accrue on outstanding balances carried forward. Reviewing the applicable charges before using your card can help you plan your spending and maintain better control over your credit card costs.
SBI credit card charges vary based on the type of transaction and card usage. While some charges apply only when you use specific services such as cash withdrawals or balance transfers, others may apply if you miss payments, exceed your credit limit, or make international transactions.
The table below provides a quick overview of the common charges associated with SBI credit cards:
| Charge Type | Applicable Charge / Rate | When It Applies |
|---|---|---|
Finance Charge / Interest |
Up to 3.75% per month (up to 45% p.a.) |
When outstanding balances are carried forward beyond the payment due date |
Cash Withdrawal / ATM Withdrawal |
2.5% of the transaction amount (minimum ₹500) |
When you withdraw cash using your credit card at an ATM |
Late Payment Fee |
Up to ₹1,300 |
When the minimum amount due is not paid by the due date |
Over-limit Fee |
2.5% of the over-limit amount (minimum ₹500) |
When spending exceeds the assigned credit limit |
Forex Markup |
Up to 3.5% |
On transactions made in foreign currency |
Balance Transfer Charges |
Applicable as per the selected balance transfer facility |
When outstanding balances from another credit card are transferred to an SBI credit card |
Other Service Charges |
May vary by service |
On selected services and card-related requests as applicable |
Disclaimer: The above-mentioned fees and charges are subject to change at the issuer’s discretion. Check the issuer’s official website before applying.
Finance charges apply when you do not pay your total outstanding balance by the due date. They may also apply on carried-forward balances, cash withdrawals, and other applicable transactions as per the card terms. Paying the total amount due within the billing cycle can help you avoid these charges.
SBI Credit Card Variant |
Monthly Finance Charge |
Annualised Rate |
When Interest Applies |
|
SBI SimplyCLICK Credit Card, SBI Card ELITE, BPCL SBI Card, IRCTC RuPay SBI Card, BPCL SBI Card OCTANE, SBI Card PULSE, SBI Card MILES, Flipkart SBI Card, SBI Card PRIME, and SBI SimplySAVE Credit Card |
Up to 3.50% per month |
Up to 42% p.a. |
On unpaid balances, carried-forward dues, cash withdrawals, and other applicable transactions |
|
IndiGo SBI Card |
Up to 3.75% per month |
Approximately 45% p.a. |
||
Disclaimer: The above-mentioned fees and charges are subject to change at the issuer’s discretion. Check the issuer’s official website before applying.
Interest may be charged on unpaid balances carried forward after the payment due date. Finance charges can also apply to cash withdrawal transactions and other applicable card services according to the issuer's terms and conditions.
SBI credit card interest is generally calculated on the outstanding amount that remains unpaid after the payment due date. If you do not pay the total amount due and carry forward a balance, finance charges may apply on the unpaid amount until it is fully repaid. The applicable rate can be up to 3.5% per month (42% p.a.), depending on the card and prevailing terms.
Example:
Assume you have an outstanding balance of ₹20,000 and an applicable finance charge of 42% per annum. If the balance remains unpaid for 30 days, the interest can be calculated as follows:
Interest = Outstanding Amount × Annual Interest Rate × Number of Days ÷ 365
Interest = ₹20,000 × 42% × 30 ÷ 365
Interest ≈ ₹690
In this example, the finance charge for the 30-day period would be approximately ₹690, excluding any applicable taxes or additional charges. Paying the total outstanding amount by the due date can help you avoid such finance charges.
SBI credit cards generally offer an interest-free period on retail purchases when you pay the total outstanding amount by the payment due date. This period is calculated from the transaction date to the payment due date and can vary depending on when the purchase is made within the billing cycle.
If you carry forward any outstanding balance or pay only a part of the total amount due, finance charges may apply as per the applicable card terms. The interest-free period typically does not apply to cash withdrawal transactions, as interest on cash advances is generally charged from the date of withdrawal.
Understand what it includes and why it is charged
SBI credit cards are available across different spending categories and fee ranges. While some cards carry a relatively low annual fee, others offer premium travel, lifestyle, cashback, or fuel benefits at a higher cost. Many SBI credit cards also provide an annual fee waiver or reversal when you meet the specified spending threshold during the membership year, helping reduce the overall cost of card ownership.
The table below highlights the joining fee, annual fee, renewal fee, and applicable spend requirement for an annual fee waiver across SBI credit cards available on Bajaj Markets:
| Credit Card Variant | Joining Fee | Renewal Fee | Annual Spend for Fee Waiver |
|---|---|---|---|
|
₹499 |
₹499 |
₹1 Lakh in the previous membership year |
|
₹499 |
₹499 |
₹1 Lakh in the previous year |
|
₹499 |
₹499 |
₹1 Lakh in the preceding year |
|
₹500 |
₹500 |
NA |
|
₹1,499 |
₹1,499 |
₹2 Lakhs in the preceding year |
|
NA |
NA |
₹2 Lakhs in the preceding year |
|
₹1,499 |
₹1,499 |
NA |
|
₹2,999 |
₹2,999 |
₹3 Lakhs in the preceding year |
|
₹500 |
₹500 |
₹3.5 Lakhs in the preceding year |
|
₹1,499 |
₹1,499 |
₹6 Lakhs in a membership year |
|
₹4,999 |
₹4,999 |
₹10 Lakhs in the previous membership year |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
SBI credit cards allow you to withdraw cash from ATMs, but such transactions are treated as cash advances rather than regular purchases. As a result, cash withdrawals attract a separate cash advance fee and are generally more expensive than standard card transactions.
A cash withdrawal fee of 2.5% of the withdrawn amount (minimum ₹500) is typically applicable. In addition, finance charges may apply from the date of withdrawal until the amount is fully repaid. Unlike retail purchases, cash advances do not usually qualify for an interest-free period. Because of these additional costs, cash withdrawals are generally best reserved for urgent or emergency situations.
The cash advance limit may vary depending on the SBI credit card variant and the issuer's applicable policies.
| 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.
Paying only the Minimum Amount Due (MAD) helps keep your credit card account active and may prevent late payment fees or other consequences associated with missed payments. However, it does not clear your entire outstanding balance.
The unpaid portion of the bill is carried forward to the next billing cycle, and finance charges may continue to apply on the remaining amount as per the applicable interest rate. In addition, new transactions made on the card may also attract interest depending on the card terms. To minimise interest costs and reduce your overall debt more quickly, it is generally advisable to pay the total amount due whenever possible.
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.
Managing your SBI credit card responsibly can help you minimise unnecessary charges and make better use of your card benefits. Here are some practical ways to reduce the overall cost of card usage:
Many SBI credit cards offer annual fee waivers or reversals when you achieve the required annual spending milestone. Tracking your spending can help you avoid renewal fees.
Paying the full amount due by the payment deadline can help you avoid finance charges on eligible retail transactions.
Credit card cash advances attract cash withdrawal fees and may also incur finance charges from the date of withdrawal.
If you frequently travel or shop in foreign currencies, reviewing the applicable foreign transaction charges can help you estimate the actual cost of each transaction.
Exceeding your credit limit may result in over-limit charges and could affect your overall credit management.
Certain services, such as balance transfers, reward redemption options, and other card-related facilities, may attract additional charges. Checking the applicable fees beforehand can help you make informed decisions.
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 attract finance charges and can negatively impact your credit score, making timely repayment essential.
Generally, finance charges on eligible retail purchases do not apply when you pay the total amount due by the payment due date. Clearing your outstanding balance in full each billing cycle can help you avoid interest charges on those transactions.
No. Paying the Minimum Amount Due (MAD) can help keep your account in good standing and may help you avoid late payment charges. However, the remaining unpaid balance is carried forward, and finance charges may continue to apply on that amount as per the applicable interest rate.
Yes. GST is applicable on various SBI credit card charges and fees, including annual fees, finance charges, cash withdrawal fees, reward redemption fees, late payment charges, and other applicable service charges, as per prevailing tax regulations.
You can check the latest SBI credit card fees and charges in the card's Most Important Terms and Conditions (MITC), fee schedule, or product page. Reviewing the latest issuer documentation can help you stay updated on applicable charges, fee revisions, and card-specific terms.
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