Latest news with #SBICardPRIME
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Business Standard
3 days ago
- Business
- Business Standard
SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list
SBI Card will on August 11 discontinue complimentary air accident insurance cover of up to Rs 1 crore for a wide range of co-branded credit cards. Earlier this month, the company withdrew air accident insurance benefits on SBI Card ELITE, SBI Card PRIME and other cards. Who is impacted? The new announcement will impact variants of ELITE and PRIME cards, which are offered in partnership with public and private sector banks. These complimentary covers were one of the major perks associated with premium card offerings. List of SBI cards losing Rs 1 crore insurance benefit: UCO Bank SBI Card ELITE Central Bank of India SBI Card ELITE PSB SBI Card ELITE Allahabad Bank SBI Card ELITE Karur Vysya Bank (KVB) SBI Card ELITE KVB SBI Signature Card List of SBI cards losing Rs 50 lakh insurance benefit: UCO Bank SBI Card PRIME Central Bank of India SBI Card PRIME PSB SBI Card PRIME KVB SBI Card PRIME KVB 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 Bank of Maharashtra SBI Platinum Credit Card What has changed already Earlier in July, SBI Card air accident insurance cover from its own-branded cards, including: SBI Card ELITE SBI Card Miles ELITE SBI Card Miles PRIME SBI Card PRIME SBI Card Pulse The Rs 1 crore and Rs 50 lakh insurance covers were provided free of cost and did not require any separate application. Cardholders relying on this complimentary insurance should now consider buying a standalone travel or personal accident insurance policy if air travel risk coverage is important. It's also advisable to check your card's updated terms and conditions or speak to customer service to understand the full implications.
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
India.com
17-06-2025
- Business
- India.com
Bad news for SBI customers as India's largest bank to change these rules from July 15..., to impact...
Bad news for SBI customers as India's largest bank to change these rules from July 15…, to impact… SBI Credit Card Announcement: India's largest public sector bank – State Bank of India – has made several changes to its credit cards that are going to affect SBI credit card users. The changes in rules will come into effect from July 15. One of the biggest changes includes the minimum amount due on the credit card bill. Check the changes below. Accident Insurance Benefits To End As per new rules, now the minimum amount due will include 100 percent of the GST amount, EMI balance, fees, finance charges, and overlimit amount. According to SBI's official website, the complimentary aeroplane accident cover of Rs 1 crore, which was given on premium cards such as like SBI Card ELITE, SBI Card Miles ELITE and SBI Card Miles Prime, will be discontinued from July 15. Similarly, the free insurance cover of up to Rs 50 lakh given on SBI Card PRIME and SBI Card PULSE is also going to be discontinued. These things will be included in MAD As per new guidelines of SBI credit cards, these things will now be included in MAD from July 15th. 100 percent GST 100 percent EMI 100 percent Finance charges and other charges Overlimit amount 2 percent of outstanding amount
Time of India
16-06-2025
- Business
- Time of India
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 Academy Empower your mind, elevate your skills 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 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 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 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 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 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 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.
Mint
27-05-2025
- Business
- Mint
Karnataka Bank Prime SBI Credit Card: Step-by-step application process
The Karnataka Bank provides for a credit card in collaboration with SBI Cards. The card is known as the Karnataka Bank SBI Card PRIME. This is a premium credit card developed for aspirational credit card users who are seeking a blend of rewards and lifestyle benefits. This card provides advantages such as reward points on various expenditures, milestone based gift vouchers, complimentary lounge access etc. You can avail this credit card and make the most of its benefits by following just four simple steps Eligibility criteria Age: Aspirational applicants must be between 21 and 70 years old. Aspirational applicants must be between 21 and 70 years old. Income: A stable annual income is mandatory, generally a net monthly income of ₹ 50,000 or more. A stable annual income is mandatory, generally a net monthly income of 50,000 or more. Credit score: A good credit score, between 750 and 900 ideally, can significantly boost chances of approval. A good credit score, between 750 and 900 ideally, can significantly boost chances of approval. Residency: The applicant must be an Indian citizen with valid address proof such as an Aadhaar card, voter ID document etc. Note: The eligibility discussed above is illustrative in nature. Refer to the official website of Karnataka Bank for more details and updated terms and conditions. Visit the official website: Reach out to the Karnataka Bank SBI Card PRIME page to initiate the process of application submission. Click on 'Apply Now' option: This will redirect you to the SBI Card application portal where the entire application will be filled and submitted. Fill in the application form: Provide necessary personal and financial details as requested and submit the online application. Keep basic documents such as Voter ID, Aadhaar card etc., handy while submitting the form. Submit required documents: Upload documents such as identity proof, address proof, and income proof. For the same you must have digitally scanned copies of your essential documents such as PAN card, Aadhaar card, Voter ID card etc. Annual Fee: ₹ 2,999 + GST with a waiver on annual spends above ₹ 3 lakhs. 2,999 + GST with a waiver on annual spends above 3 lakhs. Welcome gift: E-Gift voucher worth ₹ 3,000 from select brands as soon as you avail the card. E-Gift voucher worth 3,000 from select brands as soon as you avail the card. Reward points: 20 points per ₹ 100 on utility bill payments; 10 points per ₹ 100 on dining, groceries, movies and departmental stores. 20 points per 100 on utility bill payments; 10 points per 100 on dining, groceries, movies and departmental stores. Lounge access: 4 complimentary international and 8 domestic airport lounge visits per year. Note: The features discussed above are illustrative in nature. For the updated terms, conditions and features refer to the official website of Karnataka Bank. Milestone rewards: E-Gift vouchers worth ₹ 1,000 on quarterly spends of ₹ 50,000 and ₹ 7,000 on annual spends of ₹ 5 lakh. E-Gift vouchers worth 1,000 on quarterly spends of 50,000 and 7,000 on annual spends of 5 lakh. Fuel surcharge waiver: 1% waiver on transactions between ₹ 500 and ₹ 4,000, capped at ₹ 250 per month. 1% waiver on transactions between 500 and 4,000, capped at 250 per month. Fraud liability cover: Complimentary cover of ₹ 1 lakh. Note: The additional benefits discussed above are illustrative in nature. For the updated terms, conditions and additional benefits refer to the official website of Karnataka Bank. For any more updates, clarifications and details on how to apply visit the official website of Karnataka Bank. You can also discuss your doubts and problems with the designated customer service team of Karnataka Bank by reaching them out on the number: 1800 425 1444. Disclaimer: The features, benefits, and eligibility criteria mentioned above are subject to change without prior notice. The customer care number discussed above is also prone to updates, do verify the latest information on the official Karnataka Bank website.
