An amazing facility that credit card holders get is of cash advance. This feature enables you to withdraw cash using your credit card from any ATM. Like all other banks, SBI also provides its customers with the feature of cash withdrawal.  

However, this convenience comes with a charge. Whenever you withdraw cash using your SBI credit card, the bank charges an amount for the withdrawal and an interest rate is also levied on it. 

Thus, let us have a look at all of the charges associated with cash withdrawals using SBI credit cards. 

SBI Credit Card Limit for Cash Withdrawal 

SBI Cards decides your credit limit and cash withdrawal limit based on your credit history. If you let someone else use your card, you both have the same spending cap. You'll see your limits on your monthly credit card statement. SBI Cards can change your credit limit from time to time. 

Cash Withdrawal Limits for Different Cards 

Most cards let you withdraw up to 80% of your credit limit as cash. 

  • Prime, Platinum, Aurum, Elite, and co-brand cards have a daily cash withdrawal limit of Rs. 15,000. 

SBI Bank Credit Card - Charges and Fees for Cash Withdrawal/Advance 

SBI charges a cash advance fee for withdrawing money from ATMs. This fee is either 2.5% of the amount or Rs. 500, whichever is higher. The fee applies to both domestic and international withdrawals. 

 You'll pay an additional service charge on top of the cash advance fee. This charge is 3.5% per month and 42% per year. It starts from the withdrawal date and continues until you repay the full amount. 

Below is the table explaining the charges: 

Description 

Charges 

Interest-free period 

NIL 

Cash advance charge (domestic and international) 

2.5% or Rs. 500, whichever is higher 

Service Charge 

Monthly - 3.5% 
Yearly - 42% 

Limit for cash advance 

20-80% of credit limit 

Steps to Get Cash With Your SBI Credit Card  

Set up your SBI Credit Card PIN (using any option): 

  • Online: 

  1. Log in to your SBI Card account. 
  2. Click "My Account" on the left menu. 
  3. Select "Manage PIN". 
  4. Choose the credit card you want a PIN for from the dropdown menu. 
  5. We'll send a one-time password (OTP) to your phone. 
  6. Enter the OTP and your desired PIN. 
  7. Click "Submit" and your PIN is ready. 

  • By Phone: 

  1. Call 39 02 02 02 (with local STD code) or 1860 180 1290 and choose option 6. 
  2. Type in your credit card details and your birthday. 
  3. Verify with the OTP sent to your email or phone. 
  4. Set your SBI Credit Card PIN. 

Ready to withdraw cash? Here's how: 

  1. Insert your SBI Credit Card into the ATM's card slot.  
  2. Key in your PIN and the desired cash amount. 
  3. Take your cash and transaction receipt. 

Summing Up, 

While SBI credit cards offer the convenience of cash withdrawals, it's crucial to be aware of the associated charges. These include a cash advance fee, a service charge, and the absence of an interest-free period. By understanding these costs and your card's limits, you can make informed decisions about using your credit card for cash withdrawals.