SBI Card late payment charges change from May 1 2026 with new Rs 100 penalty bracket

Published on 4 May 2026

A fresh Rs 100 fee kicks in for small dues

SBI Card is revising its credit card late payment charges effective May 1, 2026. The update is set to affect customers with lower outstanding amounts, introducing a new penalty of Rs 100 for dues ranging from Rs 100 to Rs 500. The move clarifies how late fees will be applied going forward and could increase costs for small balances.

Revised late payment charges start May 1, 2026
New Rs 100 penalty applies to dues between Rs 100 and Rs 500
Update targets customers with smaller outstanding amounts
Late fee structure gets clearer for low-balance defaults

#credit cards #fees #late payment charges #banking #sbi card

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

SBI Card late payment charges change from May 1 2026 with new Rs 100 penalty bracket

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