NewDelhi: SBI cards has said in a notice that with effect from 1 May 2026, Late Payment Charges (LPC) will be revised to Rs 100 for outstanding amount due greater than Rs 100 up to Rs 500; and Rs 500 for outstanding amount due greater than Rs 500 up to Rs 1,000. Rest of the charges remain unchanged, said SBI cards.
SBI card erstwhile late payment charges
| Outstanding Amount Due | Current Rate |
|---|---|
| Rs 0 to Rs 500 | Nil |
| Greater than Rs 500 to Rs 1,000 | Rs 400 |
| Greater than Rs 1,000 to Rs 10,000 | Rs 750 |
| Greater than Rs 10,000 to Rs 25,000 | Rs 950 |
| Greater than Rs 25,000 to Rs 50,000 | Rs 1,100 |
| Greater than Rs 50,000 | Rs 1,300 |
SBI card revised late payment charges from May 1
| Outstanding Amount Due | Current Rate |
|---|---|
| Rs 0 to Rs 100 | Nil |
| Greater than Rs 100 to Rs 500 | Rs 100 |
| Greater than Rs 500 to Rs 1,000 | Rs 500 |
| Greater than Rs 1,000 to Rs 10,000 | Rs 750 |
| Greater than Rs 10,000 to Rs 25,000 | Rs 950 |
| Greater than Rs 25,000 to Rs 50,000 | Rs 1,100 |
| Greater than Rs 50,000 | Rs 1,300 |
Additionally with effect from 1 May 2026, Annual Fee of Rs 499 for BPCL SBI Credit Card will be reversed upon reaching annual spends of Rs 1 Lakh, revised from existing spends of Rs 50,000.
It must be noted that SBI Credit Card (SBI Card) charges Annual Fee and Renewal Fee. There is a one-time Annual fee charge ranging between Rs 0 to Rs 9999 plus applicable taxes. The renewal fee is charged every year which ranges between Rs 0 to Rs 9999 plus applicable taxes.
These annual and renewal fees may vary from Cardholder to Cardholder depending on card variants they use. SBI Cards communicats the rates to cardholder at the time of applying for the credit card.
“These fees, as applicable, are charged to the Cardholder account and the same would be billed in the card statement of the month in which it is charged. There may be separate fees for additional cards issued to the Primary Cardholder,” says SBI Cards.
Leave a Reply