Manage your account on the go with the SBI Card Mobile AppInstall
Q1. What is my credit card outstanding balance?
Your credit card outstanding balance is an aggregate of unpaid charges billed to your SBI Card account during a particular month. It includes:-
• Purchase Returns
• Insurance Premiums
• Fees & interest
• Other charges, click here for more details
The outstanding amount for a particular month along with the payment due date is communicated to through monthly statements and SMS alerts.
Q2. How can I check my Credit Card Outstanding and Available Credit Limit?
Q3. What is Total Amount Due and how it is calculated?
Total Amount Due is the amount due for payment as on the statement date. It includes your opening balance, new purchases, fees & finance charges if any, minus your last payment or any other due credits.
Click here to know schedule of charges
Q4. What is Minimum Amount Due and how is it calculated?
The 'Minimum Amount Due' is the minimum amount you are required to pay, on or before the payment due date, to maintain your card account in good standing. By calculating a minimum amount, the bank ensures that you are able to repay a portion of the principal outstanding every month.
The Minimum Amount Due is calculated as 5% of your balance outstanding or the sum of all installments, Interest/other bank charges, the amount utilized over the credit limit, if any and 1% of remaining balance outstanding, whichever is higher. Any unpaid Minimum Amount Due from previous statements will also be added to your current Minimum Amount Due to arrive at the Total Minimum Amount Due.
The minimum amount due for a particular month is communicated to you through monthly statements and SMS alerts.
Click here for more details
Q5. What happens if I do not pay any amount due before the due date?
Not making the payment to your card account on or before the due date leads to:-
• Levy of additional late payment fees, interest and other charges.
• A possible suspension of your card.
• Negative effects on your future financial credentials and a negative score at CIBIL.
Please refer the Most Important Terms & Conditions to know the fees & charges.
Q6. What happens if I pay only the Minimum Amount Due?
Paying only the Minimum Amount Due every month would result in the repayment stretching over years with consequent interest payment on your outstanding balance. To view the interest, fees & charges, visit the “Most Important Terms & Conditions” according to your card type-
For Personal Cards, click here
For Corporate Card, click here
Q7. How can I find out the Total Amount Due, Minimum Amount Due and Payment Due Date?
•Chatbot ILA: Login to ILA using your online account user ID and password and ask account information like Total Amount Due, Minimum Amount Due and Payment Due Date.
•Website: Login to your SBI Card account and check the details in the ‘My Card’ section.
•Mobile App: Login to the SBI Card Mobile App and check the details in the ‘Last Billed Summary’ section.
Q7. How can I check available credit and cash limit of my card?