sbi credit card changes extra charges utility bills finance rules

SBI Credit Card New Rules: In caller times, the usage of recognition cards has surged, with galore radical utilizing them to wage inferior bills specified arsenic electricity, water, and gas. However, if you usage an SBI recognition card, you whitethorn find it much costly successful the adjacent future. SBI Card has announced important changes to its recognition paper rules that could effect successful higher costs for users.

Charges for Utility Bill Payments Starting December 1

Effective from December 1, paying inferior bills with an SBI recognition paper volition travel with further costs for immoderate customers. According to the caller rules, if your inferior measure exceeds Rs 50,000, you volition incur an other complaint of 1 per cent connected that payment. For bills nether Rs 50,000, nary further charges volition apply.

Changes to Finance Charges

SBI has besides revised the concern charges for each unsecured recognition cards, but for the Shaurya/Defense Credit Card. Effective from November 1, 2024, the concern complaint connected unsecured recognition cards volition beryllium acceptable astatine 3.75 per cent. Unsecured recognition cards bash not necessitate a information deposit oregon collateral, portion secured recognition cards are linked to collateral, specified arsenic a fixed deposit.

If you clasp an SBI recognition card, you whitethorn present look further charges. However, these changes won’t impact each users. To debar other charges connected inferior measure payments, see keeping your payments beneath the Rs 50,000 limit.