SBI Credit Card to See Higher Minimum Due from July 15

SBI Credit Card is rolling out important updates starting July 15, 2025, that will affect how cardholders manage payments and benefits. From revised billing rules to the removal of air accident insurance, the changes aim to improve financial responsibility and transparency.

Air Accident Insurance Benefit to Be Discontinued in August

From August 11, 2025, SBI Credit Card will remove complimentary air accident insurance for premium and co-branded cards like ELITE, PRIME, and Miles Elite. Until now, this benefit provided coverage ranging from ₹50 lakhs to ₹1 crore during air travel.

Cardholders who rely on this perk—especially frequent flyers—will need to consider purchasing separate travel insurance to stay protected.

Minimum Amount Due (MAD) Will Increase Starting July 15

The Minimum Amount Due (MAD) on SBI credit card statements will soon reflect a higher amount. It will include:

• 100% of ongoing EMIs
• All interest charges and GST
• Over-limit charges
• 2% of the remaining retail and cash spending

This change means users who typically pay only the minimum due will see a higher monthly payment requirement. The move is designed to promote faster debt repayment and improve repayment discipline.

New Payment Allocation Order Prioritizes High-Interest Dues

SBI Card is also restructuring how your payments are allocated. Payments will now be applied in this order:

1. GST
2. EMI dues
3. Fees and penalties
4. Finance charges
5. Balance transfers
6. Retail purchases
7. Cash advances

This updated hierarchy ensures interest-heavy components are paid off first, reducing overall borrowing costs for the user.

Why These Changes Matter for Cardholders

These updates may appear technical, but they could impact your monthly cash flow and benefits. Paying only the minimum due will cost more. Not having built-in air travel insurance means extra planning is needed.

Cardholders should:

• Aim to pay the full amount due whenever possible
• Review their monthly statements closely after July 15
• Buy standalone travel insurance if they frequently fly

Encouraging Better Credit Habits Through Structural Changes

Together, these revisions show SBI Card’s focus on promoting financial discipline and responsible credit use. By prioritizing high-interest payments and increasing minimum dues, the system now encourages users to pay more and reduce debt faster.

Summary
SBI Card’s upcoming changes will affect billing, benefits, and payment practices. Prepare by adjusting your repayment habits and insurance coverage. Staying informed will help avoid surprises and keep your finances on track.