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.
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.
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.
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.
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.) |
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.
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% |
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.
Check out a few additional charges levied on your SBI Credit Cards.
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.
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 charges zero fees when you opt for the add-on card option.
Fee Type |
Charges |
Add-on card |
Nil |
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.
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 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.
If you wish to make a payment via a cheque, you need to pay a cheque payment fee of ₹100.
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.
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!
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.
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.
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.
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.
The SBI Credit Card interest rate is up to 3.50% per month.
By paying the Minimum Amount Due (MAD) before the due date, you can avoid late payment fees.