SBI Card is set to revise its fee structure and service charges, effective November 1, 2025. The changes cover various transactions, including education payments, wallet loads, cash advances, and other services.
Cardholders need to understand these updates to avoid surprises and manage costs effectively.
1. 1% Fee on Education Payments via Third-Party Apps
From November 1, 2025:
A 1% fee will apply to education-related payments made through third-party platforms like CRED, Cheq, and MobiKwik.
Payments made directly to educational institutions via their official websites or POS machines will not incur this fee.
This revision ensures transparency and aligns fees with service channels.
2. 1% Fee on Wallet Load Transactions Over ₹1,000
Wallet top-ups exceeding ₹1,000 will attract a 1% fee.
The update helps streamline transaction costs and reflects evolving usage patterns.
3. Revised Finance Charges
Effective November 1, 2025, finance charges on unsecured SBI credit cards (excluding Shaurya/Defense variants) will increase to 3.75% per month from the previous 3.50% per month.
Cardholders should plan repayment schedules accordingly to avoid higher interest costs.
4. Other Service Fee Updates
Additional updates include revised fees for:
Cash Payments: Payments towards the total amount due
Cheque Payments: Updated charges for cheque settlements
Cash Advance Transactions: New rates for cash withdrawals
Card Replacements: Fees for issuing new cards
Dishonored Payments: Penalties for failed or bounced payments
These changes are aimed at aligning service charges with current banking practices.
5. Discontinuation of Certain Card Variants
As of September 28, 2024, SBI has stopped issuing new Club Vistara SBI Credit Cards and SBI Credit Card PRIME.
Existing cardholders will continue enjoying benefits, but no new applications will be accepted.
6. Mandatory Nominee Registration for Credit Card Insurance
In compliance with RBI guidelines, all SBI Cardholders must register a nominee for credit card insurance.
Nominee details can be updated via the SBI Card app or website.
Conclusion
SBI Card’s fee revisions effective November 1, 2025 emphasize the importance of staying updated on finance charges, service fees, and transaction rules.
Cardholders should:
Review transactions that may incur new fees
Plan repayments to avoid increased finance charges
Register nominees for credit card insurance
Monitor wallet loads and education payments to manage costs efficiently
Understanding these updates ensures better financial planning and avoids unexpected charges.
FAQs
Q1. When will the new SBI Card fees come into effect?
From November 1, 2025.
Q2. Which transactions will have a 1% fee?
Education payments via third-party apps
Wallet load transactions over ₹1,000
Q3. What is the revised finance charge on SBI Credit Cards?
3.75% per month for unsecured cards (excluding Shaurya/Defense variants).
Q4. Are new Club Vistara and SBI PRIME cards still being issued?
No, issuance of new cards has been discontinued since September 28, 2024.
Q5. How can I register a nominee for credit card insurance?
Through the SBI Card app or official website.
Published on : 1st October
Published by : SMITA
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