SBI Credit Card Charges

Why Choose Paisabazaar ?

Compare India’s best credit cards

See cards from top Banks & issuers

Choose card matching your lifestyle

Wide choice of 100+ credit cards

Pre-qualified offers, zero docs

Offers ranked according to eligibility

Google Play Store

4.5_/5

15.6L Reviews

5.7Cr+Happy Customers

2 M+Cards Issued

100+ CardsMultiple Choices

Apply for Credit Card & GetAssured cashback

Compare 100+ Credit Cards

Choose a Card Matching
Your Lifestyle

SBI Credit Card Interest Rate

SBI credit card users are charged with a finance charge, also known as the interest rate, if they do not pay their complete credit card bill by the due date. This interest rate is applicable in the following cases:

On credit card cash withdrawals
On the outstanding amount carried forward to the next billing cycle after partial credit card bill payment
On missed credit card bill payments

The credit card interest rate charged on some of the top SBI credit cards are as follows:

SBI Credit Card	Interest Rate
SBI PRIME Credit Card	3.50% p.m. (42% p.a.)
SBI Cashback Credit Card	3.50% p.m. (42% p.a.)
Shaurya SBI Card	2.75% p.m. (33% p.a.)
Yatra SBI Credit Card	3.50% p.m. (42% p.a.)
SBI SimplyCLICK Credit Card	3.50% p.m. (42% p.a.)
SBI SimplySAVE Credit Card	3.50% p.m. (42% p.a.)

SBI Credit Card Interest-Free Period

SBI Card offers an interest-free period of 20 to 50 days to its users. This period is calculated between the last statement generation date to the current due date. During this period, no interest is charged on any of the purchases. Please note that the two most important things related to SBI credit card interest-free period:

The interest-free period is not applicable if you have carried forward your outstanding balance from the previous cycle to the current cycle
The interest-free period is not applicable to cash withdrawals

How is SBI Credit Card Interest Rate Calculated?

The credit card interest rate is calculated by considering multiple things, such as transaction date, total amount due, transaction amount, amount due date and much more. To understand it clearly, here’s a detailed example with assumptions:

Assumptions Made
Credit Card Interest Rate	3.50% p.m. or 42.00% p.a.
Transaction date	1st December
Transaction Amount	Rs. 10,000
Statement Date	6th December
Total Amount Due	Rs. 10,000
Amount Due Date	26th December
Next Statement Date	6th January

Now, if the cardholder pays only half of the amount, say Rs. 5,000, on 21st December and doesn’t make any other transactions till the next statement generation date, i.e., 6th January. Then, the SBI Credit Card interest will be calculated in a below-given manner:

Interest User Must Pay: Interest on the full outstanding amount from the date of transaction till partial payment date + Interest on the remaining amount from the day after the date of partial payment till the next statement generation date

Interest from Date of Transaction to Partial Payment Date:

[21 (Number of days from date of transaction to payment date)*10,000 (Full amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 241.64

Interest from Partial Payment Date to Statement Generation Date:

[15 (Days between partial payment date to the day before statement generation date) x 5,000 (Outstanding amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30

Interest that needs to be paid = Rs. 327.94 [241.64 + 86.30]

Total Amount = Rs. 10,327.94

SBI Credit Card Cash Withdrawal Charges

SBI credit card cash withdrawal fee is a one-time fee charged on every credit card ATM cash withdrawal. This fee, also known as the cash advance fee, is charged in the form of a certain percentage of the cash amount withdrawn as described below:

SBI Credit Card Cash Withdrawal Charges
2.5% of the cash amount withdrawn or Rs. 500, whichever is higher For instance, if you withdraw Rs. 10,000, the applicable cash advance fee will be Rs. 500 as 2.5% of Rs. 10,000 is just Rs. 250. On the other hand, if you make a cash withdrawal of Rs. 22,000, the applicable transaction fee will be Rs. 550, instead of Rs. 500.

SBI Credit Card Cash Withdrawal Charges

2.5% of the cash amount withdrawn or Rs. 500, whichever is higher

For instance, if you withdraw Rs. 10,000, the applicable cash advance fee will be Rs. 500 as 2.5% of Rs. 10,000 is just Rs. 250. On the other hand, if you make a cash withdrawal of Rs. 22,000, the applicable transaction fee will be Rs. 550, instead of Rs. 500.

Note: In addition to the above mentioned cash withdrawal charge, finance charges are also applicable on that cash amount from the day of withdrawal.

Increase your purchasing power and get easy access to immediate funds, get yourself a credit card now!

Click here to check pre-approved card offers!

SBI Credit Card Annual Fees

SBI Card customers have a variety of credit card options from which they can choose from, including entry-level as well as premium category credit cards. However, these cards come with an annual or renewal fee. This fee is charged to the credit card account, as per the card variant, when the card is first issued and on the completion of every card anniversary year. Most cards also offer fee waivers on satisfying certain conditions. Refer to the table below to know the annual fee of some of the popular SBI credit cards:

Credit Card	Annual Fee	Fee Waiver/Reversal Condition
BPCL SBI Card	Rs. 499	On annual spends of at least Rs. 50,000
SBI Simply CLICK Credit Card	Rs. 499	On annual spends of at least Rs. 1 lakh
Cashback SBI Card	Rs. 999	On annual spends of at least Rs. 2 lakh
SBI Card Pulse	Rs. 1,499	On annual spends of at least Rs. 2 lakh
SBI Card PRIME	Rs. 2,999	On annual spends of at least Rs. 3 lakh
SBI Card ELITE	Rs. 4,999	On annual spends of at least Rs. 10 lakh

Don’t want to pay fees & charges on your card?

Why don’t you check top zero annual fee credit cards in India to save more! Apply Now!

SBI Credit Card Forex Charges

Whenever you carry out an international transaction using your credit card, a foreign currency exchange mark-up fee, or the forex mark-up, is charged to your account. Apart from the offline payments or ATM cash withdrawals made overseas, international transactions also include the online payments made in foreign currency and domestic transactions on POS linked to an account outside India. The forex fee charged by SBI Card is given below:

1.99% of the transaction amount: Applicable on SBI ELITE and Aurum credit card variants
3.5% of the transaction amount: Applicable on all SBI credit cards, except ELITE and Aurum

Note: SBI Aurum credit card is an invite-only super premium card which is offered to only a few selected customers.

SBI Credit Card Late Payment Charges

In case you do not pay even the minimum credit card bill amount by the due date, SBI Card charges you with a late payment fee based on the outstanding balance amount as described below:

Total Outstanding Amount	Late Payment Charges
Up to Rs. 500	Nil
From Rs. 501 to Rs. 1,000	Rs. 400
From Rs. 1,001 to Rs. 10,000	Rs. 750
From Rs. 10,001 to Rs. 25,000	Rs. 950
From Rs. 25,001 to Rs. 50,000	Rs. 1,100
More than Rs. 50,000	Rs. 1,300

Note: Apart from the above-mentioned charges, SBI Card levies an additional fee Rs. 100 if you miss paying the minimum amount due by the due date for two continuous billing cycles. This fee is charged on every cycle until you clear the minimum amount due.

SBI Credit Card Balance Transfer

Whenever you transfer your outstanding bill amount of any of your other credit cards to your SBI credit card, a processing fee called the SBI credit card balance transfer fee is charged. After the balance transfer, you can either pay the balance in lump-sum or as EMIs. Depending on the EMI tenure you choose, the following charges are applicable:

Tenure	Processing Fee	Interest Rate
60 days	2% or Rs. 199, whichever is higher	0% p.m.
180 days	Nil	1.7% p.m. (20.40% p.a.)

SBI Credit Card Overlimit Fee

At times, SBI Card may allow credit card overlimit transactions based on whether your transaction and customer profile are eligible as per the internal policies or not. An overlimit fee of Rs. 600 or 2.5% of the first transaction amount that exceeds your credit limit, whichever is higher, is levied. This fee is also charged if your credit limit is exceeded by other applicable SBI credit card fees, charges or interest.

Other Fees and Charges on SBI Credit Card

Fee Type	Amount
Add-on Card Fees	Nil
Minimum Finance Charges	Rs. 25
Cash Payment Fees	Rs. 250 + taxes
Payment Dishonour Fees	2% of payment amount or Rs. 500, whichever is higher
Card Replacement Fee	Rs.100 to Rs. 250 (Rs. 1,500 for Aurum Card)
Cheque Payment Fee	Rs. 100
Rewards Redemption Fee	Rs. 99 (On gifts, statement credit & selected vouchers)
Rent Payment Transaction Processing Fee	Rs. 199

Best SBI Credit Cards
SBI SimplyCLICK Credit Card	Cashback SBI Card
SBI Card PRIME	SBI SimplySAVE Credit Card
Yatra SBI Credit Card	SBI Card ELITE
BPCL SBI Octane Credit Card
Check Eligibility & Apply Now!

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

FAQs

Will finance charges be applicable if the bill is paid in full?

No, finance charges are applicable only in case of non-payment of bills or cash withdrawals.

What is Minimum Amount Due (MAD)?

This is the minimum amount that customer must pay in order to avoid paying late fee charges or getting the card blocked. It is usually 5% of the outstanding amount+ taxes (if any) + Active EMIs + Fees and Penalties (if any).

What will happen if I over-utilize the limit on my SBI credit card?

If you spend more than the credit limit then you will incur over-limit charges or get the card blocked. To unblock your credit card, pay off bit more than the amount going over the limit.

What should I do if I lose my credit card?

If you lose your SBI credit card then call the SBI card customer care centre to block it. The toll-free numbers are 1860 180 1290 and 1800 180 1290.

Are there any hidden SBI credit card charges?

Card issuers declare all applicable charges in the Most Important Terms & Conditions (MITC) Document. Customers must read SBI MITC Document thoroughly to understand the charges on their SBI Credit Card.