Major changes for SBI Credit Card Rules from July 15 - All You Need to Know

Air accident insurance benefit to be discontinued.

The complimentary cover of ₹1 crore for air accidents will no longer be available on cards such as SBI Card ELITE and Miles Elite.

Modifications in Minimum Amount Due (MAD)

MAD now includes all charges (EMI, fees, GST) + 2% of dues, pushing users to repay faster and reduce debt effectively.

Revised Order of Payment Reallocation

Payment allocation now prioritizes fees and charges before retail spends to reduce compounding.

What Does This Mean for You?

- Consider buying separate travel insurance if you fly often - Review your monthly budget to accommodate slightly higher dues - Try to pay in full each month to avoid finance charges

Best Government Retirement Schemes for Secure Monthly Income