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    Key Fact Statement

    Uploaded by

    sanjay
    This document outlines various credit terms and fees for an SBI credit card, including: - Interest rates of 3.5% per month (42% annually) for unpaid retail purchases and cash advances on unsecured cards, and 2.75% per month (33% annually) for secured cards. - A minimum payment of 5% of the total outstanding balance is due each month along with applicable taxes and EMIs. Fees are charged for late payments, cash advances, foreign transactions, and other services. - Cash advance limits are up to 80% of the credit limit, with fees of 2.5% of the transaction amount for cash withdrawals from ATMs.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Key Fact Statement

    Uploaded by

    sanjay
    82 views2 pages
    This document outlines various credit terms and fees for an SBI credit card, including: - Interest rates of 3.5% per month (42% annually) for unpaid retail purchases and cash advances on unsecured cards, and 2.75% per month (33% annually) for secured cards. - A minimum payment of 5% of the total outstanding balance is due each month along with applicable taxes and EMIs. Fees are charged for late payments, cash advances, foreign transactions, and other services. - Cash advance limits are up to 80% of the credit limit, with fees of 2.5% of the transaction amount for cash withdrawals from ATMs.

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    Key factor statmemt

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    This document outlines various credit terms and fees for an SBI credit card, including: - Interest rates of 3.5% per month (42% annually) for unpaid retail purchases and cash advances on unsecured cards, and 2.75% per month (33% annually) for secured cards. - A minimum payment of 5% of the total outstanding balance is due each month along with applicable taxes and EMIs. Fees are charged for late payments, cash advances, foreign transactions, and other services. - Cash advance limits are up to 80% of the credit limit, with fees of 2.5% of the transaction amount for cash withdrawals from ATMs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    82 views2 pages

    Key Fact Statement

    Uploaded by

    sanjay
    This document outlines various credit terms and fees for an SBI credit card, including: - Interest rates of 3.5% per month (42% annually) for unpaid retail purchases and cash advances on unsecured cards, and 2.75% per month (33% annually) for secured cards. - A minimum payment of 5% of the total outstanding balance is due each month along with applicable taxes and EMIs. Fees are charged for late payments, cash advances, foreign transactions, and other services. - Cash advance limits are up to 80% of the credit limit, with fees of 2.5% of the transaction amount for cash withdrawals from ATMs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    KEY FACT STATEMENT

    Extended Credit

    Interest Free Credit Period 20-50 days (applicable only on retail purchases and if previous month’s
    outstanding balance is paid in full)
    Finance Charges 3.50% p.m. (42% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Secured
    cards.
    Minimum Finance Charges Rs.25
    Overdue Finance Charges 3.65% per month (43.8% p.a.) if the Minimum Amount Due is not paid by the
    due date twice in a 12-month period (except for Secured & Shaurya cards)
    Minimum Amount Due 5% of Total Outstanding (Min. Rs. 200) + all applicable taxes + EMI (in case of
    EMI based products)+OVL amount (if any)
    Cash Advance
    Cash Advance Limit Up to 80% of Credit Limit (Max. 12K / day for Gold and Titanium & 15K / day
    for Platinum Cards and Signature/World Cards)
    Free Credit Period Nil
    Finance Charges 3.50% p.m. (42% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Secured
    cards. The above-mentioned charges will be applicable from the date of Cash
    withdrawal.
    Minimum Finance Charges Rs.25
    Overdue Finance Charges 3.65% per month (43.8% p.a.) if the Minimum Amount Due is not paid by the
    due date twice in a 12-month period (except for Secured & Shaurya cards)
    Cash Advance Fees

    SBI ATMs/Other 2.5% of transaction amount (subject to a minimum of Rs. 500)


    Domestic ATMs

    International ATMs 2.5% of transaction amount (subject to a minimum of Min. Rs. 500)
    Other Charges & Fees

    Cash Payment fee Rs. 250

    Payment Dishonor fee 2% of Payment amount (subject to a minimum of Rs. 500)


    Statement Retrieval Rs. 100 per Statement (>2 months old)
    Cheque Payment Fee Rs 100
    Late Payment NIL for Total Amount Due from Rs.0-Rs.500
    Rs.400 for Total Amount Due greater than Rs.500 & up to Rs.1,000
    Rs.750 for Total Amount Due greater than Rs.1,000 & up to Rs.10,000
    Rs.950 for Total Amount Due greater than Rs.10,000 & up to Rs.25,000
    Rs.1,100 for Total Amount Due greater than Rs.25,000 & up to Rs.50,000
    Rs.1,300 for Total Amount Due greater than Rs.50,000
    Additional Late Payment Rs.100
    Charge

    Overlimit 2.5% of Overlimit Amount (subject to a minimum of Rs. 600)


    Card Replacement Rs. 100 - Rs. 250 (Rs. 1500 for Aurum)

    Emergency Card Actual cost (subject to a minimum of $175 for VISA and
    Replacement (When Abroad) $148 for Mastercard)
    Foreign Currency Conversion mark up: 3.5% For All TATA Cards. W.e.f. 01 Jul 2022, Foreign
    Transaction Currency Transaction fee will not be applicable on transaction refunds.
    Dynamic & Static Currency Markup: 3.5% For All TATA Cards. W.e.f. 01 Jul 2022, Dynamic & Static Currency
    Conversion Markup fee will not be applicable on transaction refunds.
    Rewards Redemption Fee Rs. 99 (On Gifts, Statement Credit & Specific Vouchers Only)
    (If Applicable)

    Priority Pass Charges All Airport Lounge visits within India through the Priority Pass Program will be
    (If Applicable) charged with an usage fee of $27 per visit + applicable taxes. All Airport Lounge
    visits outside India through the Priority Pass Program, after exhausting the
    complimentary visits, will be charged with an usage fee of $27 per visit +
    applicable taxes. For more details, please visit sbicard.com All guests being
    accompanied by the SBI Cardholder having the Priority Pass, to visit the Airport
    Lounge will be charged with an usage fee of $27 per visit + applicable taxes.

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