SBI Card Launches New Late Payment Fees

SBI Card has introduced new late payment fees for credit card balances above Rs 100 and increased charges for higher outstanding amounts from May 1st. The annual charge waiver limit for certain BPCL SBI cards is also being raised, impacting users' eligibility for fee discounts.

Starting next month, SBI Card is introducing new late payment fees for credit cards. This update will take effect on May 1st and affects balances over Rs 100 up to Rs 500. If your balance falls in this range, you'll pay a late fee of Rs 100, which was previously non-existent for such small amounts.

For higher balances between Rs 500 and Rs 1,000, the late payment fee has increased from Rs 400 to Rs 500. However, SBI Card remains unchanged in its fees for balances exceeding Rs 1,000, ensuring those with larger debts remain unaffected by this adjustment.

Impact on Min Payment and Consecutive Misses

If you fail to pay at least the minimum due amount on your credit card by the due date, a late fee applies. For non-payment for two consecutive billing cycles, an additional charge of Rs 100 will be added. This fee accumulates until the balance is settled.

The changes are part of SBI Card's ongoing efforts to address financial discipline among its users while maintaining flexibility for those with larger outstanding balances.

A significant change affecting BPCL SBI cardholders will also come into effect next month. The annual charge waiver, associated with the Rs 499 annual fee, used to begin once every Rs 50,000 is spent. Effective from May 1st, this limit has been increased to Rs 1 lakh. Therefore, BPCL SBI Credit Card users now need to spend Rs 1 lakh to qualify for the Rs 499 annual fee waiver.

Earlier, in January 2026, SBI Card also revised its rules concerning cashback and reward points, aligning them with domestic airport lounge access. For more details on these changes and their implications, users are advised to review the updated terms and conditions.