https://www.desidime.com/comments/permalink/10377758
45% per annum ROI to be charged.
That's insane.
SBI card had it on the rocks this evening 😂
SBI Card - Important notice regarding charges
What is this now?
With effect from 1 Nov'24, the Finance Charges on your Credit Card shall be revised as per details given below:
| Charges | Details |
| Finance Charges | 3.75% p.m. on all unsecured SBI Credit Cards Applicable to all retail & cash transactions (except Shaurya / Defense) |
With effect from 1 Dec'24, Utility Payments Fee shall be applicable on your Credit Card as per details given below :
| Charges | Details |
| Utility Payments Fee^ | If the sum of all Utility payments^ made in a billing cycle exceeds Rs.50,000, 1% fee will be charged on Total amount of Utility payments |
^Utility payments shall be identified under Merchant Category Code (MCC) 4900, on best effort basis. The MCCs are defined by the network partners and are subject to change basis their discretion and such changes shall be implemented basis communication from the networks without any requirement for intimation/information to the customers.
How it is going to impact our credit card experience. Request experienced finance dimers to mention about that.
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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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https://www.desidime.com/comments/permalink/10378254
hmm have you took any loan before?
well if you do you should learn this basics:) no offense
1) secured means with your assets as mortgage, in case if you go bankrupt the bank will put it on bid and raise money by selling your pledged asset
2) unsecured means you dont have any asset in backend as pledge, so this is the highest risk for bank or any financial institution to lend
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https://www.desidime.com/comments/permalink/10378253
No more recharge loots now
https://www.desidime.com/comments/permalink/10378262
1) 3.5% to 3.75% dont matter for non rotators (I mean full bill payers)
2) more than 50k bills wont matter for most of the users for house hold (for more than 50k household will have more than 1 credit card so that way also dont matter)
i think this is for rotators to make them avoid doing rotation so not major devaluation (just a precaution to reduce overuse of the system)
https://www.desidime.com/comments/permalink/10379008
how come this is an issue?
if anyone is paying full dues, i dont think it will make any difference to rotators as well
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https://www.desidime.com/comments/permalink/10378400
It's mentioned,
"3.75% p.m. on all unsecured SBI Credit Cards, Applicable to all retail & cash transactions"
I recently got an SBI credit card through Karnataka Bank. One day, they called and offered it to me just by asking about my salary. Does my card fall under this category?
https://www.desidime.com/comments/permalink/10381057
You might receive an email or message regarding that soon. If not, then there is no harm in confirming over call.
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https://www.desidime.com/comments/permalink/10378477
50k per month limit hoga na.
https://www.desidime.com/comments/permalink/10379813
No it will be charged for every rs. You use on sbi credit card
Just a joke don't take seriously 
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What is meant by unsecured? Can anyone pls explain
hmm have you took any loan before?
well if you do you should learn this basics:) no offense
1) secured means with your assets as mortgage, in case if you go bankrupt the bank will put it on bid and raise money by selling your pledged asset
2) unsecured means you dont have any asset in backend as pledge, so this is the highest risk for bank or any financial institution to lend
this will be charged if the dues are not paid, correct?
more than 50k EB bills is like the rotators can't pay for their family and friends , or making few bucks by using it commercially on EB bills for reward points as there is 1% charge now..
Most folks use AGV, for paying utility bills, because sbi cb card doesn't give cb on utility bills.
So, how will that be a problem?