Are you a SBI credit card user? If yes then you have aware about this SBI card charges update alert March 2023.
SBI card doubled its processing fees for making rent payments using a SBI credit card, this updated processing fee will be applicable from 17 March 2023. You have to pay double processing fees for making rent payments using your SBI credit card.
If you are a SBI credit card holder then this is a very important update for you. SBI card started imposing processing fee of Rs.99 plus taxes on rent payment from 15 November 2022. If you have make rent payments using SBI credit card after November 2022 you have paid a processing fee of Rs.99 plus taxes
But recently, SBI card has boubled processing fee for rent payments. Earlier SBI card was charging ₹99+tax for making rent payments but now you have to pay ₹199+tax for making rent payment. According to SBI card official website w.e.f 17 March 2023, for all rent payment transactions with SBI credit card, processing fee per transaction will be revised to ₹199+taxes from ₹99+taxes.
So if you make rent payments using SBI credit card you have to pay a processing fee of ₹199+tax per transaction after 17 March 2023. Additionally rent payment platforms like Paytm, Credit etc also charge a fee up to 5% of total amount.
Also Read: Best Credit Cards For Rent Payment & Get Rewards
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