The number of credit card users in the country is constantly increasing, if you also use it and especially you have the Credit Card of SBI Credit Card of SBI Card, a subsidiary company of State Bank of India, the country’s largest government bank of India, then it is very important for you to know this news, because after 10 days, changes in many rules after 10 days are very important for you. July) going to happen. Every month, new guidelines will be implemented regarding the minimum amount of bill of bill, then the company has also taken a big decision regarding the completion of the Complementary Insurance.
First change: Increase in minimum amount due!
According to the information shared by SBI Card on the website, the major changes are going to be implemented since July 15, 2025, is connected to the minimum amount of minimum ammount due to credit card bill. Talking about change, now with 2 percent amount of total outstanding bill from SBI, 100 % amount of GST, EMI balance, fees, finance charges, overlimit amounts (if anyone) will also be included in the Mad, that is, the minimum amount duty for the user is going to increase.
What is minimum amount dew?
The minimum amount due of the credit card means that every month you have the part of your outstanding bill, which you definitely have to repay, so that the late payment charge can be avoided. It ranges from 2 to 5 percent. However, this is just a convenience through which the credit card can avoid the default, but even after repaying it, the outstanding payment continues to be charged and hence paying the entire outstanding bill instead of the Mad Payment is a profitable deal.
Second change: Air Accident Insurance will not be available
Another change related to SBI Credit Card is going to be implemented from July 15, which will affect the credit card users of all the categories. Actually, SBI Card Elite, SBI Card Miles Elite and SBI Card Miles Prime users are going to end the Complimentary Air Accident Cover.
On behalf of SBI cards, cardholders were given free air accident insurance cover up to Rs 1 crore, which is now going to be closed. This facility is also available on other SBI cards, such as SBI Curd Prime and SBI Card, this air accident cover is up to Rs 50 lakh and it will also be closed.
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