Devaluation Minor SBI Credit Cards Devaluation

[sudheerreddy]

1.With effect from 1 Nov’24, the Finance Charges revised to 3.75%.

2. With effect from 1 Dec’24, The sum of all Utility payments made in a billing cycle exceeds 50,000 then 1% fee will be charged on total amount of Utility payments

 

[6ix9ine]

1.With effect from 1 Nov’24, the Finance Charges revised to 3.75%.

2. With effect from 1 Dec’24, The sum of all Utility payments made in a billing cycle exceeds 50,000 then 1% fee will be charged on total amount of Utility payments

Respectable

SBI gave 50K utility limit for a month (billing cycle), decent one.

 

[frezcoop]

So the limit to buy amazon pay GC in a month is 50K. Alright

 

[Kamalraj]

After Yes bank, rbl, indusind, Idfc, axis,
SBI card also introduce utility charges,


Pata nahi kya problem hai inko Utility spend se😭

 

[6ix9ine]

So the limit to buy amazon pay GC in a month is 50K. Alright

CC option will be blocked by the amazon, if you buy more than 30K in a month. Read amazon TnC 🤣

 

[6ix9ine]

There is already a thread regarding this: https://www.technofino.in/community/threads/minor-sbi-credit-cards-devaluation.32677/

 

[Arkapal Sen]

There is already a thread regarding this: https://www.technofino.in/community/threads/minor-sbi-credit-cards-devaluation.32677/

50k k upar kiska electric bill ata vai..max to max cc bill ho sakta..pay split wise

 

[6ix9ine]

50k k upar kiska electric bill ata vai..max to max cc bill ho sakta..pay split wise

cc bill bhi hua toh sbi cc se kaise pay karenge 😏 direct way toh nhi hai koi

 

[Arkapal Sen]

cc bill bhi hua toh sbi cc se kaise pay karenge 😏 direct way toh nhi hai koi

ye bhi sehi baat..wese hum log abhi 5x rp mein lage hue hai..

 

[frezcoop]

CC option will be blocked by the amazon, if you buy more than 30K in a month. Read amazon TnC 🤣

Been there. Done that. Now I've park+ and CR to rely on <3

 

[akash2401akash2401 is verified member.]

SBI CARDS also jumped on the utility bandwagon. Changes in T&C utility after 50000 will attract additional charges of 1%

 

[panu24]

Duplicate of https://www.technofino.in/community/threads/minor-sbi-credit-cards-devaluation.32677/
@vaibhav111 merge this thread

 

[uchitshah]

3.75% p.m for retail and cash transaction.

I can understand cash transactions
What does it mean by retail transactions.

 

[panu24]

@vaibhav111 merge this thread with https://www.technofino.in/community/threads/minor-sbi-credit-cards-devaluation.32677/

 

[rrsji]

3.75% p.m for retail and cash transaction.

I can understand cash transactions
What does it mean by retail transactions.

ditto, I also want to know this, as I mostly pay via UPI on retail shops using SBI.

 

[TechnoFi]

3.75% p.m for retail and cash transaction.

I can understand cash transactions
What does it mean by retail transactions.

Retail transactions means the selling of goods to the public in shops, etc.
[दुकानों आदि पर सामान की खुदरा या फुटकर बिक्री (आम ग्राहकों को)]

 

[brucelee]

This MCC based categorisation is frustating , I once swiped my SBI cashback card at IKEA and it posted as utility. Just imagine someone bought good amount of home furniture, expecting cashback instead was charged extra 1% + gst.

 

[altair21]

Retail transactions means the selling of goods to the public in shops, etc.

that doesn't sound right? now will they enforce it? alai will I bring charged if I pay with CC when buying groceries from local supermarket?

 

[TrueColours]

that doesn't sound right? now will they enforce it? alai will I bring charged if I pay with CC when buying groceries from local supermarket?

Finance charges are interest rate for late payments, cash advances (cash withdrawals), etc.

The current rate of finance charges is up to 3.50% per month. With effect from 1 Nov’24, the Finance Charges revised to 3.75%.

 

[mogambo94]

Been there. Done that. Now I've park+ and CR to rely on <3

CR means ?