SBI Credit Card Latest News: If you also use SBI credit card daily then this news is for you. Some major changes may be seen in SBI’s credit card rules from May 1. This time fee waiver including late payment charge has also been included.

Everyone knows that the month of May is seen as a financial change. Where, many important changes are made in this month. Apart from credit cards, new changes will be made in banking rules in other places also tomorrow.

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There will be change in the limit of annual charge

If you also use SBI Credit Card in your daily life, then tomorrow is going to be a very important day for you. According to the information given on the website of SBI Card, apart from the charges applicable on payment from May 1, 2026, some changes will be made in the rules of annual fees. Along with this, now customers will also be given the facility of annual fee reverse if they spend more.

What are the provisions for punishment on credit card dues?

Actually, this big change is being implemented for SBI BPCL Credit Card only. Whereas, the bank had issued a notice on March 29 last month stating that from May 1, annual fee waiver will be given to card holders on annual expenditure of up to Rs 1 lakh. Customers will have to pay fees for expenses of less than Rs 1 lakh.

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What will be the change in late payment limit?

According to the information given on the website, earlier no charge was taken on payments up to Rs 500, but now this discount has been completely limited to only Rs 100.

Will charges be levied on outstanding amount of Rs 500 to Rs 1000?

Now it will be considered mandatory to pay Rs 500 instead of Rs 400 on outstanding dues of Rs 500 to Rs 1000. Where, a fee of Rs 1300 will be applicable on the outstanding amount more than Rs 50,000. At present, there has been no change in the fee slab on excess outstanding amount.