Swipe Smart: SBI Card Revises Transaction Fees Starting November

SBI Card has announced a revision in its transaction fee structure, effective November 1, 2025, impacting select payment categories and wallet loads.

Key updates include:

- A 1 percent fee will be levied on education-related payments made via third-party apps like CRED, Cheq, and MobiKwik. Direct payments to institutions through official websites or POS terminals remain exempt.
- Wallet load transactions exceeding Rs 1,000 will also attract a 1 percent fee under specific merchant category codes.
- These changes are part of SBI Card’s broader effort to align with evolving payment behaviors and network guidelines.
- Reward points for purchases on Ajio and JioMart continue, with Reliance SBI Card PRIME users earning 20 points per Rs 100 spent, and other cardholders earning 10 points.
- Customers are advised to review updated MCC codes and fee structures to avoid unexpected charges.

Sources: CNBC-TV18, Economic Times, Business Standard, NewsBytes.