SBI Card To Impose 1% Fee On High-Value Fuel And Transport Payments From December 1; All You Need To Know

SBI Card rule changes from December 1. (File Photo)

\n\n

SBI Card users will face revised charges on certain high-value fuel and transportation payments from December 1, 2026. The credit card issuer announced the changes in a communication dated October 27, with the new fee structure applicable across all SBI credit card variants. The revised policy sets separate spending limits for the two categories. Transportation payments will incur a fee based on the value of each transaction, while fuel-related charges will depend on the total amount spent during a billing cycle.

\n\n

Cardholders who frequently pay for fuel, tolls, bus services and other eligible transportation expenses should review the updated rules to understand when the additional cost will apply.

\n\n

Under the new structure, SBI Card will levy a 1 per cent fee on a single eligible transportation transaction exceeding Rs 30,000. The charge applies to transactions classified under Merchant Category Codes (MCCs) 4111, 4784, and 4131.

\n\n

These codes include commuter transport services, toll and bridge payments, and bus transportation services.

\n\n

For instance, a cardholder making an eligible transportation payment of Rs 35,000 will incur a fee of Rs 350, excluding applicable taxes. Payments of Rs 30,000 or below will remain outside this…

Original source: https://www.timesnownews.com/business-economy

Leave a Reply

Your email address will not be published. Required fields are marked *