Using an SBI credit card becomes easier and more affordable when you clearly understand all the fees and charges. This guide explains every important cost in a simple and transparent way so you can avoid surprises on your credit card statement.
SBI credit cards come with different charges depending on how you use the card. These charges can be grouped into common categories.
| Fee Type | Details |
|---|---|
|
Annual Fee |
Charged in the first year |
|
Renewal Fee |
Charged from second year onwards |
|
Fee Waiver |
Based on yearly spending |
Interest is charged when you do not pay the full bill amount by the due date.
| Charge Type | Explanation |
|---|---|
|
Finance Charges |
Interest on unpaid amount |
|
Grace Period |
Available only on full payment |
|
Partial Payment |
Triggers interest charges |
Late payment charges apply if the minimum due is not paid before the due date.
| Outstanding Amount | Late Fee |
|---|---|
|
Low balance |
Lower charges |
|
High balance |
Higher charges |
Withdrawing cash using an SBI credit card is expensive.
| Cash Transaction Cost | Details |
|---|---|
|
Cash Advance Fee |
Charged per transaction |
|
Interest |
Charged daily |
|
ATM Usage |
Highly discouraged |
If your spending exceeds the assigned credit limit:
Applied when you use your card internationally or on foreign websites.
| Transaction Type | Charges |
|---|---|
|
International Swipe |
Forex markup |
|
Online Foreign Payment |
Conversion fee |
When transferring dues from another card:
Some charges are often overlooked but can increase your bill.
Always check the terms and conditions of your specific SBI credit card.
You can reduce or completely avoid most charges by following simple habits.
Your monthly statement shows all charges clearly.
Checking your statement regularly helps maintain financial discipline.
SBI credit cards offer valuable benefits, but understanding fees and hidden costs is essential. Knowing what you are charged and why helps you use your card smarter and save money in the long run.