SBI credit card cash withdrawal limits are set based on your overall credit limit and are communicated when you receive your card. These limits are reviewed periodically, meaning the bank can increase or decrease limits depending on your credit profile.
If you need a higher credit limit, you can request an increase by submitting income-related documents to SBI Card for review. However, SBI credit card cash withdrawal limits come with high interest and fees.
Let’s explore all the details related to SBI credit card cash withdrawal limits, charges for exceeding the limit, interests, and how to withdraw money from an ATM. Stay informed to avoid unnecessary charges and manage your SBI credit card cash withdrawal limits wisely.
Table of contents
- SBI Credit Card Cash Withdrawal Limit
- Important Guidelines on SBI Credit Card Cash Withdrawal Limits
- How to Increase SBI Credit Card Cash Withdrawal Limit?
- Charges for Exceeding SBI Credit Card Cash Withdrawal Limits
- SBI Credit Card Cash Withdrawals Charges and Interests
- How to Withdraw Cash Using an SBI Credit Card?
- FAQs
SBI Credit Card Cash Withdrawal Limit
The SBI cash withdrawal limits for credit cards vary based on the card type and the total credit limit assigned to the cardholder.
The SBI credit card cash withdrawal limit is typically between 20% and 80% of the total credit limit. For instance, if your credit limit is INR 2 lakh, you can withdraw anywhere from INR 40,000 (20%) to INR 1,60,000 (80%) depending on your specific card’s terms.
SBI imposes a daily cash withdrawal limit of up to INR 15,000 for credit card cash advances.
Consider another example- If your SBI credit card has a credit limit of INR 1 lakh:
- At 20%, you can withdraw INR 20,000.
- At 80%, you can withdraw INR 80,000.
| Basis | SBI Credit Card Cash Withdrawal Limit |
| Percentage Limit | 20% to 80% of the total credit limit |
| Daily Cash Withdrawal Limit | Capped at INR 15,000 per day |
Important Guidelines on SBI Credit Card Cash Withdrawal Limits
SBI credit cards come with two types of limits- Credit Limit (total spending capacity) and Cash Limit (maximum cash withdrawal allowed). These limits are assigned based on SBI Card’s internal credit assessment.
The SBI credit card cash withdrawal limit is a part of the overall credit limit and is communicated to cardholders at the time of card issuance and in every monthly statement. Add-on cardholders share the same limits as the primary cardholder. Check out the important guidelines below-
- The available credit limit, including the cash withdrawal limit, is updated in each monthly credit card statement. Always check your statement to stay informed about your current limit.
- SBI credit card cash withdrawal limits are reviewed periodically. Cardholders may increase or decrease credit limits based on internal criteria. Any changes will be communicated accordingly.
- You can request an increase in SBI credit card cash withdrawal limits by submitting income-related documents. However, the approval is solely at the discretion of the SBI Card.
How to Increase SBI Credit Card Cash Withdrawal Limit?
If you need a higher SBI credit card cash withdrawal limit, you can request an increase by following a few simple steps. SBI reviews credit limits based on factors like your repayment history, credit score, and income stability. A higher limit can give you more financial flexibility, but it’s important to meet the bank’s eligibility criteria before applying.
- Check Current Limits: Log in to SBI Net Banking or the YONO app to view your existing cash withdrawal and total credit limits.
- Eligibility Criteria: Ensure you have a good credit score, a consistent repayment history, and a stable income to qualify for an increase.
- Request Through Net Banking: Navigate to “Credit Card Services” and look for the “Limit Increase” option to submit your request.
- Contact Customer Service: Call SBI customer service or visit a branch to inquire about increasing your cash withdrawal limit.
- Submit Required Documents: Provide proof of income or identity verification if requested by the bank.
- Wait for Approval: SBI will process your request and notify you of the decision regarding changes in SBI credit card cash withdrawal limits.
To ensure that your request for an increase in the overall bank cash withdrawal limits is approved, you must-
- Maintain Good Credit Behavior: Pay your bills on time and keep credit utilization low to improve your chances of approval.
- Review Your Finances: If your income has increased or your debt has reduced, mention these factors when requesting a limit increase.
By following these steps and maintaining a strong credit profile, you can successfully increase your SBI credit card cash withdrawal limit for greater financial flexibility.
Also Read: Discover the SBI YONO cash withdrawal limits. Learn about the maximum and minimum limits at ATMs, PoS, and more.
Charges for Exceeding SBI Credit Card Cash Withdrawal Limits
Usually, transactions that exceed the SBI credit card cash withdrawal limits are declined due to insufficient credit limits. However, approved overlimit transactions are subject to overlimit fees.
- If the cardholder exceeds their credit limit, an overlimit fee of 2.5% of the overlimit amount, with a minimum of INR 600, may be charged.
Consider an example- You have a credit limit of INR 1 lakh and your cash withdrawal limit is INR 80,000. If you attempt to withdraw INR 90,000, you will exceed your limit by INR 10,000.
The over-limit fee applies to the amount that exceeds the established cash withdrawal limit. It would then be calculated as 2.5% of INR 10,000, which is INR 250. However, since this amount is less than the minimum fee of INR 600, you would be charged INR 600.
These charges highlight the costs associated with exceeding the SBI credit card cash withdrawal limits, which can add up quickly if not managed properly.
SBI Credit Card Cash Withdrawals Charges and Interests
SBI credit card cash withdrawals incur specific fees that cardholders should be aware of. These include cash advance fees at both domestic and international ATMs, finance charges, and other additional charges. Check out the charges on SBI credit card cash withdrawal limits-
| Charges | Amount |
| Cash Advance Fees | 2.5% of the amount withdrawn or INR 500 (whichever is higher) |
| Interest Rates | 3.50% per month or 42% per annum |
| Finance Charge | INR 25 |
| Cash Payment Fee | INR 250 + taxes |
| Overlimit Fee | INR 600 |
Cash Advance Fees
A transaction fee of 2.5% of the total amount withdrawn or INR 500, whichever is higher, is charged for cash withdrawals at domestic and international ATMs.
International withdrawals via SBI credit cards also attract a dynamic currency conversion markup fee of 1.99& to 3.5% of the transaction value. Check out the details of the SBI credit cards and the transaction fee applicable-
- 3.5% for all cards except Elite, Aurum & Currency Conversion SBI Card Miles. SBI Card Miles Prime & Markup Fee SBI Card Miles Elite
- 3% for SBI Card Miles
- 2.5% for SBI Card Miles Prime
- 1.99% for ELITE, Aurum and SBI Card Miles Elite
However, these charges can be avoided by opting for zero Forex markup credit cards like WOW Credit Card and Mayura Credit Card by IDFC First Bank, Regalia ForexPlus Card by HDFC Bank, Scapia Co-branded Credit Card by Federal Bank, etc.
Finance Charges
In addition to the transaction fee, a finance charge (interest) is applied from the day you withdraw cash until you repay the full amount.
- Interest Rates: Finance charges on cash advances are applicable from the date of withdrawal until the amount is fully paid. The interest rate can be up to 3.50% per month (or 42% per annum) for unsecured cards.
- Minimum Finance Charge: A minimum finance charge of INR 25 is levied on all transactions if the balance is not paid in full within the payment due date.
Additional Fees
- Cash Payment Fee: If cardholders choose to pay their SBI credit card dues at select SBI branches, a service fee of INR 250 + applicable taxes applies.
Also Read: Know about savings account cash withdrawal limits. Learn how to effectively manage your savings and avoid restrictions.
How to Withdraw Cash Using an SBI Credit Card?
With SBI credit cards, you can withdraw cash from ATMs just like debit cards, but with some key differences, such as cash advance limits and additional charges. If you need emergency funds, here’s a simple step-by-step guide for hassle-free SBI credit card cash withdrawals within limits-
- Visit an ATM: Go to any ATM that accepts credit cards.
- Insert Your Card: Place your SBI credit card into the ATM card slot.
- Select Language: Choose your preferred language from the displayed options.
- Enter PIN: Input your card’s Personal Identification Number (PIN) for security verification.
- Choose Cash Withdrawal: Select the “Cash Withdrawal” option from the menu.
- Enter Amount: Specify the amount you want to withdraw, ensuring it stays within your cash advance limit.
- Receive Cash: Once confirmed, the ATM will dispense the cash immediately.
Keep in mind that cash withdrawals using a credit card attract high interest and fees from the day of withdrawal, so use this feature wisely!
This was all about SBI credit card cash withdrawal limits. Check out the FAQs below for more information.
FAQs
Withdrawing INR 50,000 from your SBI credit card depends on your cash withdrawal limit. If your limit allows for 80% of your total credit limit and that limit is at least INR 62,500, then you can withdraw INR 50,000. However, if your cash withdrawal limit is lower, you may not be able to access that amount.
The daily cash withdrawal limit for SBI credit cards varies based on the card type. Generally, cardholders can withdraw up to INR 12,000 per day for basic cards, while premium cards like Prime, Platinum, Aurum, and Elite allow withdrawals of up to INR 15,000 per day.
SBI does not specify a fixed monthly cash withdrawal limit for credit cards. However, the total amount withdrawn should not exceed the cash advance limit, which can be up to 80% of your total credit limit.
The ATM withdrawal limit for SBI credit cards is generally set at INR 12,000 to INR 15,000 per day, depending on the type of card you hold.
To increase your cash withdrawal limit, you can submit a request through the SBI net banking portal or the YONO app. Alternatively, you can contact customer service or visit an SBI branch to discuss your options and provide any necessary documentation.
For cash withdrawals using an SBI credit card, a transaction fee of 2.5% of the amount withdrawn (minimum INR 500) applies. Additionally, interest on cash advances starts accruing immediately at rates up to 3.75% per month.
The cash withdrawal limit for the SBI SimplyCLICK credit card typically aligns with general limits applicable to other cards in its category, allowing withdrawals up to INR 12,000 per day, subject to your overall cash advance limit.
While there isn’t a specific calculator provided by SBI, you can estimate your cash withdrawal charges by applying a fee of 2.5% of the transaction amount, with a minimum charge of INR 500 for domestic ATM withdrawals.
To withdraw cash from your SBI credit card, visit an ATM, insert your card, enter your PIN, and select “Cash Withdrawal.” Choose the amount within your limit (INR 12,000 for standard cards, INR 15,000 for premium cards). Remember, a transaction fee of 2.5% or INR 500 and interest will apply from the withdrawal date until repayment.
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