® 
No, SBI Card Pulse isn’t free. The joining fee is Rs. 1,499 + taxes. The renewal fee is Rs. 1,499 + taxes. The renewal fee is reversed when you spend more than Rs. 2 lakhs using the card in the preceding year.
Below is the table of fees and charges for SBI Card Pulse.
Fees and Charges for SBI Card Pulse
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Charges and Fees |
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Type of charge/fees |
Charge/fees |
Notes |
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1 |
Annual fee |
Rs.1,499 + taxes |
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2 |
Renewal fee |
Rs.1,499 + taxes |
Renewal fee reversed on spends |
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of Rs. 2 lakhs and above |
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3 |
Cash Advance fee |
2.5% or Rs.500 (whichever is higher) for both |
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domestic and international ATMs |
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4 |
Cash Payment Fee |
Rs. 250 + taxes |
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5 |
Interest-Free Grace period |
20 to 50 days |
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6 |
Finance charges |
3.5% per month (42% annually) |
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7 |
Late Payment charges |
Based on the outstanding amount - |
Additional Rs. 100 on missing the Minimum Amount Due by the due date for two consecutive cycles |
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1. NIL between Rs.0 - Rs.500 |
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2. Rs. 400 between Rs. 500 - Rs. 1,000 |
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3. Rs. 750 between Rs. 1,000 - Rs. 10,000 |
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4. Rs. 950 between Rs. 10,000 - Rs. 25,000 |
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5. Rs. 1,100 between Rs. 25,000 - Rs. 50,000 |
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6. Rs. 1300 for amounts exceeding Rs. 50,000 |
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8 |
Overlimit fees |
2.5% or Rs. 600 (whichever is higher) |
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9 |
Payment Dishonor |
2% or Rs. 500 (whichever is higher) |
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10 |
Rewards redemption fee |
Rs. 99 |
On gifts, cash, and vouchers |
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11 |
Card Replacement |
Rs. 100- Rs. 250 |
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12 |
Credit limit increase fee |
Rs. 200 |
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13 |
Network Change Fee |
Rs. 200 |
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14 |
Cheque payment fee |
Rs. 100 |
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15 |
Forex transaction fee |
3.5 % and 1.99 % |
depending on the card |