By Times Now Digital

Copyright timesnownews

Starting November 1, 2025, SBI Card Credit Cardholders will experience changes in how certain transactions are charged. In a recent update, SBI Card announced a revised structure for some of its charges, and the notice serves as a heads-up for cardholders to be mindful of how and where they use their cards. Let’s break down what’s changing, what remains, and how these adjustments might affect you. New Fees on Education Payments via Third-Party Apps Cardholders making education-related payments through third-party apps like CRED, Cheq, and MobiKwik will now incur a 1 per cent transaction fee. This update affects users who pay school or college fees using these apps. However, there’s a crucial exception: “Payments made directly to educational institutions through their official websites or point-of-sale machines will not attract this fee.” This change pushes users to reconsider their payment methods, especially if they want to avoid additional costs when managing educational expenses. Charges Introduced For Wallet Reloads Another major update includes a 1 per cent fee on digital wallet loads, but this only applies to individual transactions that exceed Rs 1,000. So, if you’re used to topping up wallets like Paytm or PhonePe using your SBI credit card, take note of this threshold. These added charges could influence how users interact with digital wallets, potentially encouraging lower load amounts or a shift in payment behaviour. A Look Back: What Changed Previously? SBI Card has been rolling out updates in phases. On 16 September 2025, CPP customers were shifted to new plan variants aligned with their renewal schedules. Even earlier, from 1 September 2025, reward points were no longer applicable for spending on Digital Gaming Platforms, government-related transactions, and select Lifestyle-branded SBI Cards, including the Lifestyle Home Centre / Spar / Max series across Standard, SELECT, and PRIME variants. A significant benefit was also withdrawn on 15 July 2025, when SBI Card discontinued the Rs 1 crore complimentary Air Accident insurance for its Elite, Miles Elite, and Miles Prime cards. What This Means for Cardholders While many of these changes reflect an industry-wide trend of monetising convenience-based services, they also serve as a reminder to read the fine print and make strategic decisions when using your credit card. Regularly reviewing terms and updates from your issuer can help you avoid unexpected fees and make the most of your card’s features. (Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)