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Mint
05-08-2025
- Business
- Mint
SBI Card brings THESE changes to its credit card offerings with effect from Aug 11. Check details
SBI Card has announced a set of changes to a number of its cards with regard to air accident insurance coverage. The proposed changes will come into effect on August 11, 2025. The credit card users of SBI Card will not have access to complimentary air accident insurance coverage amounting to ₹ one crore on some of the cards starting August 11. These cards are UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card, and Allahabad Bank SBI Card ELITE. Likewise, the cardholders of some cards will cease to have access to complimentary air accident insurance coverage of ₹ 50 lakh starting August 11. The cards which will lose access to this coverage are UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card and BOM SBI PLATINUM Credit Card. S. No. SBI Credit Card 1 UCO Bank SBI Card PRIME 2 Central Bank of India SBI Card PRIME 3 PSB SBI Card PRIME 4 KVB SBI Card PRIME 5 Karur Vysya Bank SBI Platinum Credit Card 6 South Indian Bank SBI Card PRIME 7 South Indian Bank SBI Platinum Credit Card 8 Karnataka Bank SBI Card PRIME 9 Karnataka Bank SBI Platinum Credit Card 10 City Union Bank SBI Card PRIME 11 Allahabad Bank SBI Card PRIME 12 UBI SBI PLATINUM Credit Card 13 OBC SBI VISA PLATINUM Card 14 Federal Bank SBI Platinum Credit Card 15 BOM SBI PLATINUM Credit Card It is worth mentioning here that SBI Card introduced similar changes, which came into effect on July 15. The credit card company had discontinued the complimentary Air Accident insurance coverage of ₹ 1 crore offered on SBI Card Miles Elite and SBI Card Miles Prime. Besides, the complimentary air accident insurance coverage of ₹ 50 lakhs offered on your SBI Card Prime and SBI Card Pulse was also discontinued. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks, such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
India Today
04-07-2025
- Business
- India Today
SBI credit card rules changing from July 15: Here's what cardholders must know
If you have an SBI credit card in your wallet, you must pay attention to this update. From July 15, 2025, some important rules related to SBI credit cards will change. These changes will affect how you pay your bills and the benefits you PAYMENT RULES WILL CHANGEAt present, many cardholders pay only a small part of their bill to avoid late charges. But now, the way the minimum amount due (MAD) is calculated will change. From July 15, your MAD will include 100% of GST, EMI amounts, charges, finance charges, any overlimit amount, and 2% of the remaining simple words, you will now have to pay a bigger minimum amount every month. If you don't pay this higher amount, your dues will increase quickly, and you may end up paying more YOUR PAYMENT WILL BE ADJUSTED The way your payments are settled will also change. From now on, whatever amount you pay will be adjusted first towards GST, then EMIs, then charges and interest, and lastly towards your main spending like retail shopping or cash if you have unpaid charges or finance charges, your payment will first clear those. If you only pay a part of the total, interest will keep adding up on your other MORE FREE AIR ACCIDENT COVERThere is another big change for customers who have enjoyed free air accident insurance on their cards. Many SBI credit cards used to offer free air accident insurance cover between Rs 50 lakh to Rs 1 crore. This benefit will stop August 11, complimentary air accident insurance will be discontinued on popular cards like UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card and Allahabad Bank SBI Card free cover of Rs 50 lakh will be withdrawn from cards like UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, South Indian Bank SBI Card PRIME, Karnataka Bank SBI Card PRIME and many SHOULD YOU DO NOW?If you have any of these cards, check your card's features and see if they still suit your needs. Since benefits like air accident cover are ending, you may want to think about upgrading, switching, or even closing your is wise to read the updated terms carefully and make sure you know how these changes can affect your payments and benefits. Staying aware will help you avoid extra charges and manage your money better.- Ends
