If you’re an SBI credit cardholder, listen up—your monthly payments might be going up soon. Starting July 15, 2025, SBI Cards is changing how they calculate the Minimum Amount Due (MAD), and it could hit your wallet harder than before.
Worried about how this impacts your budget? You’re not alone. Let’s break it down in simple terms so you can plan ahead and avoid surprises.
What’s Changing in SBI’s Credit Card Rules?
Right now, you only pay a small portion of your total bill as the Minimum Amount Due to avoid late fees. But after July 15, SBI is tightening the rules. Here’s what’s new:
- Full EMI amounts will now be included in MAD (no more partial payments).
- All fees & charges (annual fees, late fees, etc.) must be paid in full.
- Finance charges (interest) will be 100% part of MAD.
- Overlimit amounts (if you’ve crossed your credit limit) must be cleared.
- GST on all charges will be added.
- 2% of your total outstanding balance will also be included.
Example: How Much More Will You Pay?
- Let’s say your total credit card bill is ₹1,00,000, with:
- Finance charges: ₹10,000
- Fees & other charges: ₹3,000
- GST: ₹3,000
Old MAD: Maybe just 5% of ₹1,00,000 = ₹5,000
- New MAD:
- ₹10,000 (finance charges)
- ₹3,000 (fees)
- ₹3,000 (GST)
- ₹2,000 (2% of balance)
Total = ₹18,000 - That’s 3.6 times more than before!
FAQs: Your SBI Credit Card Questions Answered
- Will my credit score be affected if I pay only the new MAD?
No, as long as you pay the new minimum amount, your credit score stays safe. But paying in full is always better. - Can I opt out of this change?
No, this is a policy shift by SBI. All cardholders must follow the new rules. - What if I can’t afford the higher minimum payment?
Try to reduce spending or convert big purchases into EMIs to manage cash flow. - Does this affect all SBI credit cards?
Yes, the new MAD rule applies to all SBI credit cards. - Will this reduce my credit limit?
No, but if you frequently max out your card, you might face stricter limits later.
