SBI credit card is a diverse product that aids in transacting effortlessly, anytime and anywhere. You can use it for online shopping, paying utility bills, availing loans, purchasing fuel, buying movie tickets, booking hotels and flights, earning and redeeming rewards, and doing so much more. However, to avail the many benefits of this financial tool, you have to incur a few SBI credit card fees and charges.
Some of the SBI credit card fees and charges that are usually levied on the card under different circumstances are mentioned below:
The SBI credit card yearly charges, as the name suggests are the annual fees that you need to pay for owning an SBI credit card. While SBI card yearly charges are common for most cards, you can also find SBI credit cards with no annual fees.
If you fail to clear the minimum due on your SBI credit card before the payment date, the SBI card late payment charges are levied.
When the outstanding balance on your card is higher than the credit limit available on your SBI card, the SBI card over limit charges become applicable.
For transactions made overseas, this SBI credit card fee is charged.
The SBI credit card charges and fees are different for different cards. Here is a list of SBI credit card fees and charges of some of the top SBI credit cards.
|
BPCL SBI Card |
SimplySAVE SBI Card |
IRCTC RuPay Credit Card |
SBI Card ELITE |
SBI Card PRIME |
Annual fee |
INR 499 + taxes |
INR 499 + taxes |
INR 500 + taxes |
INR 4,999 + taxes |
INR 2,999 + taxes |
Renewal Fee |
INR 499 + taxes |
INR 499 + taxes |
INR 300+ taxes |
INR 4,999+ taxes |
INR 2,999+ taxes |
Payment Dishonor Fee |
2% of the amount paid (min INR 500) |
2% of the amount paid (min INR 500) |
2% of the amount paid (min INR 500) |
2% of the amount paid (min INR 500) |
2% of the amount paid (min INR 500) |
Late Payment Charges |
Total Amount due (INR 0- INR 500) = Nil
Total Amount due (INR 500- INR 1000) = INR 400
Total Amount due (INR 1000- INR 10000) = INR 750
Total Amount due (>10000) = INR 950 |
Total Amount due (INR 0- INR 500) = Nil
Total Amount due (INR 500- INR 1000) = INR 400
Total Amount due (INR 1000- INR 10000) = INR 750
Total Amount due (>10000) = INR 950 |
Total Amount due (INR 0- INR 500) = Nil
Total Amount due (INR 500- INR 1000) = INR 400
Total Amount due (INR 1000- INR 10000) = INR 750
Total Amount due (>10000) = INR 950 |
Total Amount due (INR 0- INR 500) = Nil
Total Amount due (INR 500- INR 1000) = INR 400
Total Amount due (INR 1000- INR 10000) = INR 750
Total Amount due (>10000) = INR 950 |
Total Amount due (INR 0- INR 500) = Nil
Total Amount due (INR 500- INR 1000) = INR 400
Total Amount due (INR 1000- INR 10000) = INR 750
Total Amount due (>10000) = INR 950 |
Overlimit Charges |
2.5% or exceeded amount, or INR 500, whichever is higher |
2.5% or exceeded amount, or INR 500, whichever is higher |
2.5% or exceeded amount, or INR 500, whichever is higher |
2.5% or exceeded amount, or INR 500, whichever is higher |
2.5% or exceeded amount, or INR 500, whichever is higher |
Statement Retrieval Charges |
INR 100 per statement |
INR 100 per statement |
INR 100 per statement |
INR 100 per statement |
INR 100 per statement |
Finance Charges (Retail Purchases and cash) |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
3.35% per month/ 40.2% per year |
Card Replacement |
INR 100 |
INR 100 |
INR 100 |
INR 100 |
INR 100 |
Card Replacement When Abroad |
Actual cost ($175 minimum) |
Actual cost ($175 minimum) |
Actual cost ($175 minimum) |
Actual cost ($175 minimum) |
Actual cost ($175 minimum) |
International Transaction Charges |
3.5 percent mark-up |
3.5 percent mark-up |
3.5 percent mark-up |
1.99 percent mark-up |
3.5 percent mark-up |
Dynamic Currency Conversion |
3.5 percent mark-up (transaction > = INR 1000) |
3.5 percent mark-up (transaction > = INR 1000) |
3.5 percent mark-up (transaction > = INR 1000) |
1.99 percent mark-up (transaction > = INR 1000) |
3.5 percent mark-up (transaction > = INR 1000) |
An interest-free period refers to the duration between the date the transaction is made and the due date of bill payment. During this tenure, no interest is charged on the credit card outstanding bill. However, to enjoy this benefit, you need to clear the entire balance on your credit card before the due date, as well as refrain from withdrawing cash on your credit card. The interest-free period for SBI credit cards usually varies from 20 days to 50 days, depending on the type of card you own.
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Yes, there are certain SBI credit card charges and fees that are levied for owning and using your SBI credit card.
The most common SBI credit card charges, as well as fees that are levied on SBI credit card, include SBI credit card annual fees, SBI credit card late payment charges, SBI credit card over-limit charges, SBI credit card finance charges, etc.