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23rd August 2017, 12:00 PM
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| Re: Terms and Conditions for SBI Credit Card
As you are looking for Terms and Conditions for Credit Card of State Bank of India (SBI), so here I am providing important Terms and Conditions: State Bank of India (SBI) Terms and Conditions for Credit Card Annual Fees & Renewal Fees There areannual feesand renewal fees applicable on the SBI Credit Card(SBI Card). Annual fee is a one-time charge and renewal fee is charged everyyear. These fees, as applicable, are directly chargedto the Cardholder account and the same would be billed in the card statementof the month in which it is charged. Cash Advance Fees The Cardholder can use the Card to access cash in an emergency fromdomestic/international ATMs. Atransaction fee of 2.5% or Rs. 300 whichever is higher at domestic ATMs and3% or Rs. 300, whichever is higher at international ATMs will be levied. Thetransaction fee is subject to change at the discretion of SBI Cards & Payment Services Private Limited (SBICPSL). Cash Payment Fees The Cardholder can walk into select SBI Bank branches or SBI AssociateBank branches and pay SBI Card dues by mentioning the Credit Cardnumber & Amount in the pay-in slip and depositing the same at the branchcounter. Interest Free Grace Period The interest free credit period could range from 20 to 50 days subject tosubmission of claims by the merchant. However, this is not applicable if theprevious month’s balance has not been cleared in full or if the Cardholder hasavailed of cash from any ATM. Finance Charges (Service Charges) Finance Charges are payable at the monthly interest rate on all transactionsincluding unpaid EMI installments from the date of transaction in the event of theCardholder choosing not to pay his balance in full, and on all cash advancestaken by the Cardholder, till they are paid back.   Finance charges on cash advances are applicable from the date oftransaction until the payment is made in full. Last edited by pawan; 23rd August 2017 at 12:04 PM. |