SBI credit card changes: New utility payment fees and reward policy rules from Dec 1

SBI credit card changes: New utility payment fees and reward policy rules from Dec 1

From December 1, 2024, SBI Card, a subsidiary of State Bank of India (SBI), will be introducing new policies regarding utility payments and reward points. Here’s what you need to know.

1% fee on utility payments over ₹50,000

Starting December 1, 2024, a 1% fee will be charged on utility payments exceeding ₹50,000 in a billing cycle.

  • Applicable to payments for electricity, water, gas, and other utility services.
  • No charges for payments below ₹50,000 in a billing cycle.

This surcharge builds on the earlier change introduced in November 2024, where a similar fee structure was implemented.Reward points discontinuation for digital gaming platforms

From December 1, 2024, reward points will no longer accrue for spends on digital gaming platforms or merchants.

This change affects a wide range of SBI credit cards.

Category Cards Affected
Premium Cards AURUM, SBI Card ELITE, ELITE Advantage
Lifestyle Cards SBI Card PRIME, PRIME Advantage, PRIME Pro
Shopping Cards SimplyCLICK SBI Card, SimplyCLICK Advantage
Savings Cards SimplySAVE SBI Card, SimplySAVE Advantage
Gold Cards Gold SBI Card, Gold Advantage, Gold Defense
Partner Bank Cards KVB SBI Cards, Karnataka Bank SBI Cards, City Union Bank SBI Cards
Employee & Merchant Cards SimplySAVE Merchant SBI Card, SimplySAVE UPI SBI Card
Others SHAURYA SELECT SBI Card, Krishak Unnati SBI Card

(Source: SBI Card)

Earlier, in September 2024, SBI Card announced the discontinuation of new Club Vistara SBI Credit Cards and Club Vistara SBI Credit Card PRIME.

The issuance of these cards stopped on September 28, 2024, although existing cardholders can continue to use their cards.

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