Hassle-Free Payments: Manage SBI Credit Card Dues Effortlessly with Online Statements
Last Updated : Feb. 20, 2024, 6 p.m.
SBI credit cards are one of the most popular and common credit cards in India today. They provide you with a range of benefits and rewards that can be availed during purchases and other transactions. However, to continue using your SBI credit card and to protect your credit report, it is important to pay off your dues on time. You can know the exact amount of your dues by looking at the SBI credit card statement either online or offline.
Fee and Charges on SBI Credit Card Statement Online
Here are the charges and the due dates you can see on your SBI credit card statement.
SBI Credit Card Annual and Renewal Fee
You need to pay an annual charge on your SBI credit card , which is a one-time fee paid to keep your membership alive. This fee is paid yearly on all SBI credit cards except the OLA Money SBI card, SBI card Unnati, and Krishak Unnati SBI card.
SBI Credit Card Late Payment Charge/Penalty
In case you are not able to pay the amount of money due on your SBI credit card, you need to pay a late payment charge or a penalty for the same. You can check your SBI credit card statement online on the official SBI Card website. If you cannot pay the minimum due amount on your credit card for two consecutive cycles, an additional fee of Rs 100 will be charged. The penalty will be charged till you clear your minimum due amount.
The penalty charges for different outstanding amounts the SBI credit card statement may have are as follows:
| Amount Of Outstanding Dues | Penalty Charge |
|---|---|
| If the outstanding amount is less than Rs 500 | No penalty needed |
| When the outstanding amount is between Rs 500 and Rs 1,000 | Rs 400 |
| When the outstanding amount is between Rs 1,000 and Rs 10,000 | Rs 750 |
| When the outstanding amount is between Rs 10,000 and Rs 25,000 | Rs 950 |
| When the outstanding amount is between Rs 25,000 and Rs 50,000 | Rs 1,100 |
| When the outstanding amount is greater than Rs 50,000 | Rs 1,300 |
SBI Credit Card Over-Limit Charges
If you exceed the credit limit on your SBI credit card, you need to pay the over-limit charges. SBI has an over-limit charge of 2.5% interest rate on your entire limit or Rs 600, whichever is greater. To keep track of your credit limit, you can look at your SBI credit card statement.
SBI Credit Card Finance Charges
These charges mentioned on your are levied on all finance transactions, including unpaid EMIs and outstanding amounts on your credit card . The finance charges (as of 27th July 2023) are 2.4% interest rate per month, which translates to 42% per annum.
SBI Credit Card Cash Advances Fee
In case you withdraw cash with your credit card at a domestic or international ATM, you have to pay a cash advance fee of Rs 500 or a 2.5% interest rate (whichever is higher).
SBI Credit Card Cash Payments Fee
If you pay your outstanding dues on your credit card through a cash deposit at the nearest SBI bank branch, you must pay a cash payment fee of Rs 250.
Other Additional/Miscellaneous Charges
The following can also be reflected on your SBI credit card statement.
- The cheque payment fee is Rs 100
- In case you want to replace your credit card, you have to pay between Rs 100 and Rs 250. The exact amount depends on the type of your credit card.
- In case you want to redeem the SBI rewards that are collected on your credit card, a fee worth Rs 99 is charged.
- A 3.5% interest rate is charged as the foreign currency transaction fee.
SBI Credit Card Charges And Fee: Due Dates
The billing date or cycle is the date on which the SBI credit card statement is generated to your credit card every month, while the payment due date is on which the payment towards your credit card should be made. If you fail to pay by the due date, you must to pay penalty charges along with your due amount. The due date for every customer is different and depends on your billing cycle. You can access your SBI credit card statement online and check your due dates. You can also log into your SBI card account or download the SBI card mobile app to view your SBI credit card statement and the due date.
Conclusion
SBI credit cards are one of the most affordable and beneficial cards in the country today. Not only do they provide you with attractive rewards, but many have nominal charges . However, you should ensure that you compulsorily pay off your due amount on time to prevent any penalty charges. You can do so by keeping track of your SBI credit card statement and knowing all your due dates.
FAQs
1. Can I view my SBI credit card statement online?
Yes, you can view your SBI credit card statement online by logging into your SBI card account.
2. Can I pay the due amount on my SBI credit card in cash?
You can pay your due amount in cash. However, you must pay a cash payment fee of Rs 250 to avail of this service.
3. Can I use my SBI credit card to withdraw money from an ATM?
You can use your SBI credit card at an ATM. However, you will have to pay a fee of Rs 500 or a 2.5% interest rate, whichever is higher.
4. My due amount on my SBI credit card is Rs 21,000, which I could not pay on time. What amount of penalty will I have to pay?
You will have a penalty of Rs 950.
5. Is there a difference between the billing due date and the payment due date of my credit card?
The billing date is the date at which your SBI credit card statement is available for your review, while the payment due date is the last date for paying off the dues on your credit card account.