SBI charges a cash advance fee of 2.5% of the amount withdrawn or Rs.300 (whichever is higher). For international transactions, a fee of 3% of the amount withdrawn or Rs.300 (whichever is higher) is levied. 

For instance, if you withdraw Rs.1000 using your SBI credit card, then you will have to pay Rs.300 as the cash advance fee in your next billing cycle. However, if you withdraw Rs.15,000 using your SBI credit card, then you will have to pay Rs.375 as the cash advance fee in the next billing cycle. Also, SBI holds the right to change these charges and fees any time.

In addition to this, cash advances also attract a finance charge from the date the amount is withdrawn till it is repaid in full.

Additional Reading: Credit Card Cash Withdrawal

Interest Charged On SBI Cash Advance

Credit card users need to pay an interest on availing the facility of cash advance on any credit card offered by SBI. Interest on cash advance or finance charges are applied on a monthly rate from the day cash is withdrawn using the credit card till the amount is repaid in full. Under SBI, each credit card has a different rate of interest ranging from 2.25% per month to 3.35%. Applicants can check the same before applying for an SBI credit card.

SBI Cash Advance Fees And Charges

Description of charges

Percentage of the charge

Interest-free period

NIL

Cash advance limit

80% of the total credit limit available

Cash advance fee

2.5% of the amount withdrawn or Rs.300 (whichever is higher)

Finance charges on revolving credit
  • A monthly rate of 2.25% or an annual rate of 30%.
  • A monthly rate of 3.35% or an annual rate of 40.2%

Minimum repayment amount

5% of the minimum outstanding balance