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SBI Credit Card Statement

The SBI credit card statement is a report that details your expenses. It is shared by the State Bank of India (SBI) monthly. It lists the details about your credit card usage for a particular billing cycle. It includes information about your transactions, the amount paid in the previous month, your outstanding bill for the current month, the payment due date, and SBI credit card reward points, among others.

Components of The SBI Credit Card Statement

The SBI credit card statement is an official document that contains a few components and terms, such as payment due date, transaction history, billing cycle, and more. Some of the common terms that are used in the SBI Credit Card statement are:

Billing Cycle: The billing cycle or statement period is the tenure for which the payment of the card has to be made.

Payment Due Date: It is the deadline by which the outstanding amount should be paid to the bank. Payments made after this date accrue late payment charges.

Total Amount Due: This is the total amount including all the transactions and charges that are outstanding as on the statement date. It includes new purchases, opening balance, balance transfer, and other charges.

Minimum Amount Due: It is the minimum amount that you have to pay to SBI on or before the due date to prevent any charges.

Closing Balance: It is the total balance or amount that is outstanding on your card that you will have to pay if you plan to pay off the entire debt.

Current Outstanding Balance: It is the total amount of the money that you have to pay to the bank before the payment due date.

Transaction Summary: It is the summary of all the transactions made using your credit card within the duration of the statement.

How Is The Minimum Amount Due Computed?

Generally, the minimum amount due is computed as 5% of the total amount due. The minimum amount due includes all the charges levied on your credit card. Here is an example to help you understand how the minimum amount due is computed.

For instance: You have made a purchase of Rs. 30,000 on August 15 and the due date is September 26. Then, the minimum amount due will be Rs. 1500 (5% of Rs. 30,000).

How To Check SBI Credit Card Statement Online?

You can verify your SBI credit card statement online by logging into your credit card account and downloading the SBI card mobile app. Apart from this, you can also use the chatbot, using which you can get your credit card statement within a few minutes. Here is a way to download your credit card statement online.

How To Check The SBI Credit Card Statement Via The Official Website

Step 1: Go to the official website of SBI card.

Step 2: Log in to your SBI card account by keying the registered login ID and password.

Step 3: You will see the ‘My Account’ option on the left side of the home screen. Click on it and click on ‘Card Statement’ from the drop-down menu.

Step 4: Now, you can view your SBI credit card statement. You can find the total amount outstanding and the date on which it should be paid along with the detailed expenses.

How To Check The SBI Credit Card Statement Through Chatbot ILA?

Step 1: Go to the official website of SBI Card.

Step 2: Click on the ‘Ask ILA’ option at the bottom right corner of the screen.

Step 3: Login using your current SBI card user ID and password.

Step 4: Click on ‘Statement’ from the given options, and the live assistant will help you to view your credit card statement and all other card related information.

How To Check SBI Credit Card Statement Through The Mobile App?

Step 1: First, download the SBI card app from the app store or play store.

Step 2: Login by entering your user ID and password or touch ID or MPIN.

Step 3: From the main menu, click on the ‘My Account’ option.

Step 4: Click on ‘Account Details’ and then click on ‘Card Statement’.

Step 5: Click on the ‘View Statement’ option and opt for your preferred time duration.

How To Check The SBI Credit Card Statement Offline

If you want to get your SBI credit card monthly statement offline, you can do so through the following ways:

1. Obtain The SBI Credit Card Statement Via SMS

  • Type ‘DSTMT XXXX MM’ after opening the messaging app on your phone. XXXX denotes the last four digits of your SBI credit card and MM represents the month for which you want to get the statement for.
  • From your registered mobile number, send this message as an SMS to 5676791

2. Get SBI Credit Card Statement Via The Customer Care

  • Contact the SBI credit card customer care at either 1860 180 1290, 1860 500 1290 or 3902 0202.
  • Make a request to the customer care representative for the SBI card statement.
  • The representative will validate your identity by asking you a few questions.
  • Post validation of your identity, the customer care representative will give you the SBI credit card transaction statement for the time period that you need.

3. Get SBI Credit Card Statement Through Post

  • Request for a hard copy of your SBI card statement by dispatching mail to the SBI Card registered office address.
  • Your statement will be dispatched to the registered address within 10 calendar days from the date of statement generation.

4. Get An SBI Credit Card Statement by Going To the Nearest Bank Branch

  • Visit the nearest SBI bank branch.
  • Request the bank official to provide you with the SBI card statement for the required time period.
  • The bank official will validate your identity by requesting you to provide an identity proof.
  • Post verification of your identity, a copy of your credit card statement will be provided to you.

Benefits Of The SBI Credit Card Statement

Here are some of the key benefits that you get by checking your SBI card statement regularly.

  • You can view all your credit card related information in one place.
  • You can keep a track of your expenses and plan a budget of your expenses more efficiently.
  • You can find and report discrepancies in your credit statement with speed.
  • You can check your available SBI credit card reward points.
  • You can get details about new products, offers, and news related to your credit card.

Managing Errors In Your SBI Credit Card Statement

While going through your credit card statement, it is a must to check if there are any errors in the statement. Following are some of the ways in which you can handle these errors:

  • You should call on the customer care number and inform the bank regarding the error.
  • Nevertheless, keep all the proofs with you to state your issue.
  • You can go to the nearest branch of the bank and talk to a representative regarding the issue. The representative will then direct you on how to proceed further.
  • You can also dispatch a letter to the bank. You should attach all the related proofs to state your issue.

FAQS of SBI Credit Card Statement

1. How can I view the credit card statement of SBI?

The SBI credit card statement is free of charge. Firstly, login to www.sbicard.com using the user ID and password. Post this, click on “View Statement” at the center. Select the statement date of the required month from the list of archived statements. Click on “Download”.

2. What is the statement due amount in the SBI credit card?

The minimum amount due on your SBI credit card is 5% of the total amount due. However, if there is any previous balance from a previous statement that has been carried forward, it would also be included in the minimum amount due.

3. What is a billing cycle in a credit card?

A credit card billing cycle is the time duration between billing statements. The length of your billing cycle varies across issuers and it may range from 27 to 31 days. Your statement is compiled by your credit card issuer and you have until your due date to make the payment.

4. How do you opt for the SBI credit card E-Statement?

First, contact the customer care number and inform the representative that you want to switch to e-statement. SMS ESR to 5676791 or ESTMT XXXX to 567691. Go to the official website and click on ‘Ask ILA’. To subscribe to the e-statement, login using your online account user ID and password. Dispatch an email to the bank stating that you want to switch to e-statements.

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