SBI Simplyclick Credit Card Annual Fee Reversal

[srichaitanya]

I have SBI Simplyclick CC which was charged Rs. 499 + GST eventhough I met the annual fee spends for fee reversal of 1 lakh in one year. Does SBI charge the Annual Fee and reverse it later? Has anyone faced this issue with SBI Cards?

 

[zealot]

I have SBI Simplyclick CC which was charged Rs. 499 + GST eventhough I met the annual fee spends for fee reversal of 1 lakh in one year. Does SBI charge the Annual Fee and reverse it later? Has anyone faced this issue with SBI Cards?

Yes they will charge it. Then reverse it on the next bill. You will get Rs. 499 back. But GST amount of Rs. 90, we wont get it back.

Update: GST also reversed.

 

[akshayhs]

Verify if your spends have indeed crossed the threshold in your statement under "Online spends summary" and raise a complaint with them.

 

[srichaitanya]

Verify if your spends have indeed crossed the threshold in your statement under "Online spends summary" and raise a complaint with them.

Yeah. I have crossed spends of almost 2 lakhs on this card in one year.

 

[akshayhs]

Yes they will charge it. Then reverse it on the next bill. You will get Rs. 499 back. But GST amount of Rs. 90, we wont get it back.

This is plain stupid isn't it? Where do we go for getting the GST amount back when we have indeed met their demands for annual fee waiver?

 

[zealot]

This is plain stupid isn't it? Where do we go for getting the GST amount back when we have indeed met their demands for annual fee waiver?

I don't know what is wrong with SBI, they are giving reversal not waiver. So we are end up paying the GST amount.

 

[srichaitanya]

This is plain stupid isn't it? Where do we go for getting the GST amount back when we have indeed met their demands for annual fee waiver?

Worst thing by SBI. I have seen in Axis Bank Credit Cards, when annual fee wavier is met, they charge and instantly refund it including GST. I don't understand why SBI does not refund GST.

 

[m1n8]

This is plain stupid isn't it? Where do we go for getting the GST amount back when we have indeed met their demands for annual fee waiver?

Really stupid! A person would end up paying GST of ₹90 unnecessarily!

 

[zealot]

Really stupid! A person would end up paying GST of ₹90 unnecessarily!

Now think about higher variant cards. 😒

 

[007]

This is plain stupid isn't it? Where do we go for getting the GST amount back when we have indeed met their demands for annual fee waiver?

I don't know what is wrong with SBI, they are giving reversal not waiver. So we are end up paying the GST amount.

Technically they should reverse GST too, right? If no fee, then no GST! 🤷‍♂️
Shouldn't this be complained to RBI? 🤔

 

[akshayhs]

Technically they should reverse GST too, right? If no fee, then no GST! 🤷‍♂️
Shouldn't this be complained to RBI? 🤔

Certainly!

 

[SunnyM]

Earlier SBI credit cards used to charge for credit limit enhancement as a fee. I think it was around 100 or 200 plus gst but after 2021 it was stopped.

 

[m1n8]

Technically they should reverse GST too, right? If no fee, then no GST! 🤷‍♂️
Shouldn't this be complained to RBI? 🤔

Point to be noted and ponder over!

 

[zealot]

Earlier SBI credit cards used to charge for credit limit enhancement as a fee. I think it was around 100 or 200 plus gst but after 2021 it was stopped.

It's still there, I guess.

 

[akshayhs]

It's still there, I guess.

How frequently have you noticed a credit limit enhancement without requesting for one, if at all?

 

[SunnyM]

It's still there, I guess.

😳

 

[zealot]

How frequently have you noticed a credit limit enhancement without requesting for one, if at all?

No enhancement without requesting, I have requested for enhancement, they rejected it.

 

[akshayhs]

No enhancement without requesting.

Wow, now that's a bummer!

 

[Predator]

Yes they will charge it. Then reverse it on the next bill. You will get Rs. 499 back. But GST amount of Rs. 90, we wont get it back.

Gst amount also gets reversed

 

[Predator]

Technically they should reverse GST too, right? If no fee, then no GST! 🤷‍♂️
Shouldn't this be complained to RBI? 🤔

GST gets reversed