SBI Card new rules : If you use an SBI credit card, you may soon incur additional charges on some of your transactions. SBI Card has announced changes to its charge structure, which will come into effect on November 1, 2025. This will specifically impact education payments and wallet load transactions.

Charges will apply for education payments using third-party apps

If you pay school or college fees using third-party apps like CRED, Cheq, or MobiKwik, you will now incur an additional 1% charge on the transaction amount. However, if the payment is made directly on the school, college, or university website or through a POS machine, there will be no charge.

Wallet loads above ₹1,000 will also be charged

If you load an amount exceeding ₹1,000 into a wallet using an SBI card, a 1% charge will also apply. These charges will be applicable on certain merchant codes as determined by the network partners and may change from time to time.

What is an MCC code and why does it matter?

According to SBI Card’s notification, charges for education and wallet transactions will be levied only at merchants that fall under the MCC (merchant category codes) 8211, 8220, 8241, 8244, 8249, 8299 (education) and 6540, 6541 (wallet). These codes are determined by network partners and are subject to change.

Other charges that are already applicable

Some charges remain unchanged, but are important to know:

• Cash Payment Fee: ₹250
• Check Payment Fee: ₹200
• Payment Dishonor Fee: 2% of the payment amount, minimum ₹500
• Cash Advance Fee: 2.5% of the transaction amount, minimum ₹500 (applicable to both domestic and international transactions)
• Card Replacement Fee: ₹100 to ₹250, ₹1,500 for Aurum cards. If cardholders are abroad and need a new card in an emergency, SBI Card will charge the actual cost. However, there is a minimum charge, at least $175 for Visa cards and $148 for Mastercard.

Late Payment Charges:

• ₹0–₹500: No charge
• ₹500–₹1,000: ₹400
• ₹1,000–₹10,000: ₹750
• ₹10,000–₹25,000: ₹950
• ₹25,000–₹50,000: ₹1,100
• Above ₹50,000: ₹1,300

Failure to pay the minimum amount due for two consecutive billing cycles will result in an additional charge of ₹100 per cycle.

If you are an SBI card user, please check your transaction pattern before November 1st. Especially if you pay fees or load wallets through third-party apps, plan accordingly to ensure there are no deductions.

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Till now, air accident cover of Rs 1 crore or Rs 50 lakh was being given on some ELITE and PRIME cards issued in collaboration with UCO Bank, Central Bank, PSB, Karur Vysya Bank, Allahabad Bank etc. But now this facility will be discontinued.

On which cards will the cover of Rs 1 crore be closed

• Karnataka Bank SBI Card Prime
• Karnataka Bank SBI Platinum Credit Card
• City Union Bank SBI Card Prime
• Allahabad Bank SBI Card Prime
• United Bank of India (UBI) SBI Platinum Credit Card
• Oriental Bank of Commerce (OBC) SBI Visa Platinum Card
• Federal Bank SBI Platinum Credit Card
• Bank of Maharashtra (BOM) SBI Platinum Credit Card

Changes in the billing system

SBI Card has also made changes to its billing and payment process from July 15, 2025. Now the full GST amount, EMI, fees, finance charges, overlimit amount and 2% of the remaining bill will be added to the minimum amount due.

Payment Adjustment

Now the payment made by the customer will be adjusted first against GST, then EMI, then fees and charges, finance charges, balance transfer, retail expenses and finally cash advance. Therefore, those who have the above-mentioned cards should read the new terms carefully before August 11 and choose the option if needed.

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Changes in SBI Card

SBI Card has announced changes in its reward points program and other benefits. These changes will be applicable to SimplyCLICK SBI Card, Air India SBI Platinum Credit Card and Air India SBI Signature Credit Card.

Decrease in reward points

• The reward points earned on SimplyCLICK SBI card for ordering from Swiggy will be reduced from 10X to 5X. However, 10X reward points will still be available on online shopping on Myntra, Netmeds, Cleartrip, Dominos, Yatra, BookMyShow, and Apollo 24×7.
• The reward points received for every ₹100 spent on SBI Platinum Credit Card will be reduced from 15 to 5.
• The reward points earned for every ₹100 spent on Air India SBI Signature Credit Card will be reduced from 30 to 10.

Changes in insurance cover

SBI Card has also decided to discontinue its complimentary insurance cover. The complimentary air accident insurance coverage of ₹50 lakh will be discontinued from 26 July 2025. And the complimentary rail accident insurance of ₹10 lakh will also be discontinued.

IDFC First Bank Card Changes

IDFC First Bank has also changed the benefits of its Club Vistara credit card.

Changes in Club Vistara Card

• The milestone benefits available on Club Vistara IDFC First Bank card will not be available from April 1, 2025.
• However, customers will be able to avail Maharaja Points till March 31, 2026.
• Club Vistara SBI Card will no longer offer economy ticket vouchers and milestone benefits on annual spend limits of ₹1.25 lakh, ₹2.5 lakh, and ₹5 lakh.
• Premium economy ticket voucher will also no longer be available on Club Vistara SBI Prime Card.

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HDFC Bank has changed the rules of Regalia and Millennia Credit Cards. The rules for lounge access for Regalia cards have been changed from December 1, 2023. According to the new rules, the lounge access program will be based on credit card spending. You will get two lounge access vouchers if you spend more than Rs 1 lakh in a calendar quarter. Similarly, on spending Rs 1 lakh every quarter with HDFC Millennia Card, you will get a lounge access.

As per SBI Card, cashback for fare payment transactions on your Paytm SBI Credit Card has been discontinued from January 1, 2024. From November 1, 2023, the 10X reward points for EasyDiner online purchases on SimplyClick/SimplyClick Advantage SBI Card will now be 5X reward points. 10X reward points will be added to your card for online purchases made on Apollo 24×7, Bookmyshow, Cleartrip, Dominos, Myntra, Netmades and Yatra.

Axis Bank has also made some important changes for credit card holders. Axis Bank has made changes in the annual fee and joining gift of Magnus Credit Card. The bank has also made changes in the terms and conditions of Axis Bank Reserve Credit Card.

ICICI Bank is soon going to implement changes in the rules related to airport lounge access and reward points of cards for credit card holders. According to the ICICI Bank website, from April 1, 2024, you can avail airport lounge access by spending Rs 35,000 in the previous calendar quarter. Spending in the previous calendar quarter will unlock access for the next calendar quarter.

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Private sector ICICI Bank customers will now be able to do UPI transactions with their RuPay credit cards. This service has been started by the bank from December 1, 2023. Now customers can make UPI payments by linking their ICICI RuPay Credit Card to any UPI app including PhonePe, GooglePay and Paytm.

To whom do you pay? 

According to the information given by ICICI Bank, any person can transfer money from his RuPay credit card only from person to merchant. That means you can use it only for shopping. If you cannot transfer money to any person through this. 

How to make UPI payment through ICICI Rupay Credit Card?

To make payment through ICICI RuPay Credit Card, first of all you have to link your credit card through UPI app. After this, you can easily go to any merchant QR code and transact through UPI PIN. 

How to link ICICI Rupay Credit Card with UPI?

You can easily link ICICI Bank RuPay Credit Card to the UPI app. 

• For this, first of all you have to download the iMobilePay app of ICICI Bank. After this, open the app and go to ‘UPI Payment’. After this go to ‘Manage’ tab. 
• Now go to ‘My Profile’ and click on Create New UPI ID. 
• Select RuPay Credit Card here. Click on its procedure. After this, you can set the PIN and do UPI transaction. 

Transactions can be done with Rupay credit cards of these banks

Apart from ICICI Bank, you can also easily do UPI transactions using RuPay credit cards of Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda and Punjab National Bank. 

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Explain that State Bank of India Cards and Payment Services issues many credit cards and offers vary depending on the type of card.

Latest Changes in SBI Credit Card

• According to SBI Card’s website, AURUM cardholders will no longer get the Rs 5,000 coupon from RBL Luxe on milestone spends of Rs 5 lakh, but will instead get a voucher from Tata CLiQ Luxury from May 1, 2023.
• Benefits of EasyDiner Prime and Lenskart Gold membership will not be available in AURUM Card from May 1.
• From May 1, 2023, instead of 5X reward points, 1X reward point is being given on rent payment transactions through SimplyClick SBI Card and SimplyClick Advantage.
• From April 1, 2023, SBI Card has started earning 5X Reward Points instead of 10X Reward Points on Lenskart Online Shopping with SimplyClick SBI Card and SimplyClick Advantage. However, your card will still earn 10X reward points on online purchases from Apollo 24X7, Bookmyshow, Cleartrip, EasyDiner and Netmeds.
• The company has increased the processing fee on Rent Payments through credit cards. SBI Card had told in the SMS sent to the users that now they will have to pay Rs 199 + taxes instead of Rs 99 + taxes. These rules have come into effect from March 17, 2023.

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This amendment will be applicable from 17 March 2023. Information given by sending mail Information about this has been given by sending message and mail from SBI Card. SBI Cards has told that users paying their fare through credit card will now be charged Rs 199 plus other applicable taxes.

Revised rates will be applicable

Let us tell you that in November 2022, SBI Card had increased the payment fee in credit card fare to Rs 99 plus 18% GST, but instead of Rs 99 plus applicable taxes, now Rs 199 plus tax will be charged from them. Customers were informed about this. Giving information to the customers, the company has told that the new rates will be implemented soon.

Many banks have already increased

SBI Card has told that it is increasing the processing fee in the payment of rent. The charges on SBI Credit Card rental payment transactions are being revised. Let us tell you that before this ICICI Bank, HDFC Bank and Kotak Bank have also increased.

Let us tell you that from February 15, 2023, Kotak Bank has collected 1 percent of the transaction amount and GST charge. At the same time, Bank of Baroda has also charged a transaction fee of 1 percent. HDFC Bank has also changed the rewards points. ICICI Bank has also changed the rates from 20 October 2022.

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There is an important news for the customers of State Bank of India (SBI). SBI Card is going to apply processing fee on rent payment from November 15. Processing fee will have to be paid from November 15 for making rent payment through SBI card. SBI Card has sent a message to the customers in this regard, in which information about the processing fee has been given. SBI Card is the credit card company of State Bank. SBI Card will charge Rs 99 plus GST for making rent payments through credit cards. Its new rule is effective from 15 November.

Along with this, SBI Card Merchant is also going to make changes in the processing fee of EMI transactions. Earlier this fee used to be Rs 99 which will increase to Rs 199. Along with this rate, GST will also be applicable at the rate of 18 percent. Therefore, customers paying rent from SBI credit card will have to add GST in addition to Rs 99.

what is the new rule

SBI is going to make changes in merchant EMI transactions. This transaction is done at a point of sale machine or e-commerce website and is converted into EMI. The customer converts his bill into EMI and every month a specific amount is deducted from his account. Now a new rule has come to the fore regarding rent payment. People also make rent payments through credit cards and for this they take the help of a third party app or website. It has the names of Redgiraffe, Cred and Magicbricks.

ICICI Bank is also taking charge

Those who are unable to pay the rent on time due to lack of money, they get the convenience in paying the rent through credit card. It gives the time to repay the money till the next month. But with the new rules of SBI Card, the problems of such people may increase as they will have to pay a separate fee along with GST in addition to the rent.

Earlier, ICICI Bank has also implemented the rule of charging 1% for paying rent through credit cards. The new rule has come into effect from October 20, 2022. This means that those who pay rent through ICICI Bank credit cards from Cred, RedGiraffe, MyGet, Paytm and Magicbricks will have to pay a separate 1% charge. After this SBI Card of State Bank also implemented this rule. Customers will have to pay an additional charge from November 15.

The post SBI Card holders: Big news! SBI Card will now charge processing fee on rent payment, new rule will be applicable from tomorrow first appeared on Rightsofemployees.com.

There is an important news for the customers of State Bank of India (SBI). SBI Card is going to apply processing fee on rent payment from November 15. Processing fee will have to be paid from November 15 for making rent payment through SBI card. SBI Card has sent a message to the customers in this regard, in which information about the processing fee has been given. SBI Card is the credit card company of State Bank. SBI Card will charge Rs 99 plus GST for making rent payments through credit cards. Its new rule is effective from 15 November.

Along with this, SBI Card Merchant is also going to make changes in the processing fee of EMI transactions. Earlier this fee used to be Rs 99 which will increase to Rs 199. Along with this rate, GST will also be applicable at the rate of 18 percent. Therefore, customers paying rent from SBI credit card will have to add GST in addition to Rs 99.

what is the new rule

SBI is going to make changes in merchant EMI transactions. This transaction is done at a point of sale machine or e-commerce website and is converted into EMI. The customer converts his bill into EMI and every month a specific amount is deducted from his account. Now a new rule has come to the fore regarding rent payment. People also make rent payments through credit cards and for this they take the help of a third party app or website. It has the names of Redgiraffe, Cred and Magicbricks.

ICICI Bank is also taking charge

Those who are unable to pay the rent on time due to lack of money, they get the convenience in paying the rent through credit card. It gives the time to repay the money till the next month. But with the new rules of SBI Card, the problems of such people may increase as they will have to pay a separate fee along with GST in addition to the rent.

Earlier, ICICI Bank has also implemented the rule of charging 1% for paying rent through credit cards. The new rule has come into effect from October 20, 2022. This means that those who pay rent through ICICI Bank credit cards from Cred, RedGiraffe, MyGet, Paytm and Magicbricks will have to pay a separate 1% charge. After this SBI Card of State Bank also implemented this rule. Customers will have to pay an additional charge from November 15.

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This arrangement of the Reserve Bank of India is considered safe in terms of transactions. Because, in this, the actual details of the card are not shared with the merchants at the time of transaction. SBI Card Managing Director and Chief Executive Officer (CEO) Ram Mohan Rao Amara said- As far as readiness is concerned, in terms of technology, in terms of integration with all networks, we are the ones like Visa, MasterCard and RuPay. All ready with network.

Regarding the card token system, Amara said – This is a good initiative to protect the interest of the customers and keep the data safe. It is noteworthy that the Reserve Bank of India has extended the deadline for adopting the token system by three months to 30 September. The RBI took this step after considering the representations received from various parties. Earlier, its deadline was June 30.

Amara said, a large part of the spending is at the level of big traders, they have already been given tokens. In the case of small merchants, the process is on. The country’s largest bank SBI promoted SBI Card has also announced the issuance of a new credit card. Cashback has been specially looked into in this.

The official said – there is a new trend among consumers. They demand immediate ‘cashback’. Keeping this attitude in mind, we are issuing this credit card. This is the first card of its kind in the industry. On consumer spending trends, Amara said the figures for the last five months are quite strong.

It crossed Rs 1,000 billion in July, which has now become a new trend in the industry. He said that the reason for this is the increase in the expenditure done after thinking. This has increased especially in areas where there was a slowdown earlier. Domestic travel and hotels have reached pre-Covid levels.

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