SBI Credit Card New Rules July 2025:
State Bank of India (SBI) has announced important changes to its credit card rules. If you use an SBI credit card, you must be aware of these updates. The new rules will start from July 15, 2025, and will impact many users.
Key Changes in Minimum Payment
Under the new rule, the minimum amount due will include:
2% of the total outstanding bill
100% of the GST amount
EMI balances
Any over-limit amounts (if applicable)
This means paying only the minimum amount will lead to high interest charges. So, SBI is advising users to pay the full bill on time every month to avoid extra charges.
SBI will also stop the complimentary air accident insurance cover for certain cards from July 15:
SBI Card ELITE
SBI Card MILES ELITE
SBI Card MILES PRIME
Earlier, these cards offered free air accident cover of up to ₹1 crore. From mid-July, this benefit will be withdrawn completely, including the ₹50 lakh cover on SBI PRIME and PULSE cards.
It’s important to check your credit card statements carefully. Even if you pay the minimum due, interest will still apply on the remaining amount. Always try to pay the full amount before the due date. Also, keep in mind that some benefits like insurance may no longer apply.
These new changes may affect how you manage your credit card payments. Avoid falling into the debt trap by understanding your bill and paying on time. Also, if you were depending on the free insurance benefit, it’s time to explore other options for safety.
Stay updated and manage your credit wisely!
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