Major SBI credit card update: No complimentary air accident insurance for these cardholders from July 15, 2025
Discontinuation of complimentary air accident insurance in July
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Discontinuation of complimentary air accident insurance in August
Minimum Amount Due (MAD) calculation
Order of Payment Settlement
State Bank of India (SBI), the country's largest bank, has announced a series of important changes for its credit cardholders, which will take effect from July 15, 2025. The changes span across minimum due payment calculation, payment settlement order, and discontinuation of complimentary insurance for air accidents on select SBI credit cards.SBI will discontinue its complimentary air accident insurance coverage of Rs 1 crore, which is currently offered on select premium SBI credit cards, effective July 15, 2025. This change applies to the following cards: SBI Card Elite , SBI Card Miles Elite, and SBI Card Miles Prime. Customers using these variants of credit cards will no longer be eligible for this benefit after the specified date.The complimentary air accident insurance coverage of Rs 50 lakh on SBI Card Prime and SBI Card Pulse will also be discontinued, effective July 15, 2025. Cardholders of these variants will no longer receive this insurance benefit from the specified date onwards, as per the information available on SBI's website.The complimentary air accident insurance coverage of Rs 1 crore currently offered on select SBI co-branded credit cards will be discontinued effective August 11, 2025. This includes the 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.Additionally, the complimentary air accident insurance coverage of Rs 50 lakh offered on the following SBI co-branded credit cards will also be withdrawn: UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian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.Effective July 15, 2025, the minimum amount due (MAD) on your SBI Credit Cards will be calculated as follows:100% of GST + 100% of EMI amount + 100% of fees/charges + 100% of finance charges + any overlimit amount (if applicable) + 2% of the remaining outstanding balance.Effective July 15, 2025, the Order of Payment Settlement will be as follows:Payments received against the cardholder's outstanding balance will be adjusted in the following order - 100% of GST, 100% of EMI amount, 100% of fees/charges, 100% of finance charges, balance transfers, retail spends, and finally, cash advances.
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