Do Not Call
Get a comprehensive overview of SBI credit card charges. It covers annual fees, interest rates, cash advance charges, foreign currency transaction fees, balance transfer fees, and more.
Cards
Partners
Offers
SBI credit card fees are charged 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.
It is one of the first few things you need to look at when selecting a 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) |
|---|---|---|
₹499 |
₹499 (Waived off on annual spends of ₹1 Lakh or more in preceding year) |
|
₹500 |
₹300 |
|
₹499 |
₹499 (Waived off on annual spends of ₹50,000 or more in preceding year) |
|
₹1,499 |
₹1,499 (Waived off on annual spends of ₹2 Lakhs or more in preceding year) |
|
₹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) |
|
₹499 |
₹499 (Waived off on annual spends of ₹1 Lakh or more in preceding year) |
|
₹2,999 |
₹2,999 ₹499 (Waived off on annual spends of ₹3 Lakhs or more in preceding year) |
|
₹499 |
₹499 |
|
₹1,499 |
₹1,499 |
|
₹750 |
₹750 |
|
₹499 |
₹499 |
|
₹1,499 |
₹1,499 (Waived off on annual spends of ₹2 Lakhs or more in preceding year) |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
Many credit cards provide the convenience of accessing funds in the form of cash through ATMs. This feature is known as a cash advance. The following are the applicable SBI credit card fees and charges for the cash advance facility:
Transaction Type |
Applicable Cash Advance Fees |
|---|---|
For Withdrawal at Domestic ATMs |
2.50% or ₹500 (whichever is higher) |
For Withdrawal at International ATMs |
2.50% or ₹500 (whichever is higher) |
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 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.
Here are the applicable SBI credit card charges and fees for the balance transfer facility based on the tenor 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 ₹600 (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.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
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.
The SBI credit cards’ annual fee varies with the type of card. However, this annual fee can be waived on reaching a certain spending milestone. For instance, you can get your annual fees waived off from the second year, on spending over ₹1 Lakh on the SBI SimplySAVE Credit Card in the previous year.
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 ranging between 20 and 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).
