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    SBI Credit Card Cash Withdrawal

    Cash advance is a facility that is provided by most banks in India. Using this, a credit cardholder can withdraw cash up to a certain limit over the counter at a bank or through an ATM. SBI also provides this service to its customers who possess a credit card that is offered by the bank. Almost all the credit cards offered by SBI come equipped with this facility and can be used to withdraw cash from an ATM. However, the amount of cash that can be withdrawn vary from card to card and so do the charges levied on availing this facility.

    Let us take a detailed look at this facility, the benefits that come along with it as well as the charges it attracts.

    SBI Credit Card Cash Withdrawal Limit

    Cash withdrawal or cash advance limit is the amount of cash the cardholder can withdraw using a particular credit card. Mostly denoted in terms of percentage, it is the part of the total available credit limit on the card in question.

    For example, if the credit limit of a particular card is Rs.2 lakh, the cash advance limit on it would vary between 20% and 80% of the same. If the cash limit is 20%, the cardholder can withdraw Rs.40,000 as cash by using their credit card. Similarly, if the cash limit is 80%, the cardholder will be allowed to withdraw Rs.1,60,000 using the credit card. SBI typically offers a cash advance limit of 80% on most of its credit cards.    

    SBI Credit Card Cash Advance Fee

    SBI, like all other banks, charges a cash withdrawal fee. This is a transaction fee that the cardholder needs to pay each time they withdraw cash using their credit card. This fee will be added to their credit card bill in the following statement.   

    SBI charges a cash advance fee of 2.5% of the amount withdrawn or Rs.300 (whichever is higher), whereas for international transactions, a fee worth 3% or Rs.300 (whichever is higher) is levied. For instance, if the cardholder withdraws Rs.1000 using their SBI credit card, they will have to pay Rs.300 as the cash advance fee in the next billing cycle. However, if they withdraw Rs.15,000 using their SBI credit card through an ATM, they will have to pay Rs.375 as the cash advance fee in the next billing cycle. However, SBI holds the right to change the cash advance fee any time.

    In addition to this, cash advances also attract a finance charge from the date the amount is withdrawn using the credit card till it is repaid in full.

    Interest Charged On SBI Cash Advance

    Cardholders 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 levied 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.

    Listed below are the finance charges of a few SBI credit cards:

    SBI credit card variant              Rate of finance charge or interest on cash advance  
    Monthly Rate Annual Rate
    SBI Card Elite Advantage, SBI Card Unnati 2.25% 30%
    SBI Card Elite, SBI Card Prime, SBI Prime Advantage, SimplyCLICK SBI card, SimplySAVE SBI Card, Central SBI Select+ Card, Central SBI Select Card, STYLEUP Contactless Card, BPCL SBI Card 3.35% 40.2%

    How To Withdraw Cash Using An SBI Credit Card

    Cardholders can withdraw at any of the ATMs, and not specifically from SBI ATMs. The procedure to avail cash advance from ATMs using a credit card is similar to that of using a debit card.

    Listed below are steps that the cardholder needs to follow:

    • Cardholder needs to step into an ATM.
    • Next step is to insert their SBI credit card in to the slot.
    • Then, the cardholder will need to select his preferred language from the ones listed on the screen.
    • Next, they will need to select the option of “Cash Withdrawal.”
    • Once they do that, they will need to enter the amount they wish to withdraw and tap on “Enter.”
    • Cash will be dispensed immediately.

    SBI Cash Advance Fees And Charges

    Listed below are the fees and charges levied on the cash withdrawal feature of SBI credit cards:

    Description of charges Percentage of the charge
    Interest-free period Nil
    Cash advance fee 2.5% of the amount withdrawn or Rs.300 (whichever is higher)
    Minimum repayment amount 5% of the minimum outstanding balance
    Cash advance limit 80% of the total credit limit available
    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%

    Pros And Cons Of SBI Cash Advance Facility

    Like every other feature of a credit card, the cash advance facility also comes with a bunch of pros and cons. Let us take a detailed look at the advantages and disadvantages of withdrawing cash using an SBI credit card:

    Advantages Of Cash Advance:

    • Cardholders have the freedom of withdrawing cash during times of emergency and to pay at places where card transactions aren't accepted.
    • This process doesn't require any kind of documentation and is simple.
    • Cardholders don't need approval from the bank to withdraw cash.
    • They can withdraw cash from ATMs located in the country as well as outside.

    Disadvantages Of Cash Advance:

    • Cardholders need to pay a fee every time they withdraw money using their credit card.
    • They will also need to pay an interest from the date of withdrawal of the cash.
    • There is no interest-free period.
    • Cash advance doesn’t come with reward points.
    • The interest charged is more than regular card transactions.

    Frequently Asked Questions About The Cash Advance Facility Available On SBI Credit Cards

    1. Is it possible to withdraw cash using an SBI credit card form an ATM of any other bank?
    2. Yes, you can withdraw cash using an SBI credit card form an ATM of any other bank.

    3. Is there a limit on the amount of money I can withdraw using an SBI credit card?
    4. Yes, you can only withdraw 80% of your credit limit.

    5. Do I get any reward points on using the cash advance facility?
    6. No, you can’t earn any reward points on using the cash advance facility.

    7. When will the withdrawn amount of cash reflect in my credit card bill?
    8. The amount of cash withdrawn will reflect on your following billing cycle.

    9. Will my cash advance limit also increase if I stretch my credit limit?
    10. Yes, your cash advance limit will increase if you stretch the credit limit on your card.  

    SBI Credit Card Cash Withdrawal Reviews

    • HDFC Bank Credit Card
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a credit card and the customer services are good. They also provide me with good offers and a very good credit limit. It is a smooth process while using the card, I never faced any hassles in the overall process till date.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 22, 2019
    • Citibank Credit Card
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      Citibank has been overall good in the customer services. The online banking is good and the credit card offers are also good. The statements are also good and the billing is also in a timely manner. The credit limit is also fine and there are no charges taken for the card.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 22, 2019
    • ICICI Bank Credit Card
      "Average"
      0.5 3.5/5 "Pretty good"
      I have been using ICICI Platinum card for more than 1.5 years. The credit limit is low which they need to increase. IVR takes longer time for the connectivity also they need to improve the service. There is no annual charge for this credit card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • RBL Bank Credit Card
      "Good card for the withdrawal"
      0.5 5.0/5 "Blown Away!"
      From RBL I have et money card it gives the flexibility of taking the cash without any interest. I can withdraw the maximum of 100%, the credit limit is also satisfactory with RBL card. One month back I got the card, the due date is convenient for me.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2019
    • HDFC Bank Credit Card
      "Recommendable Card"
      0.5 5.0/5 "Blown Away!"
      I get 10x points from HDFC card based on the spends, In fact the cash back is also excellent. The customer support is good for the credit card queries, but there is a long queue to connect with the executive. They don't have direct contact no, first I need to verify my details in IVR, then again the executive verify it, therefore the process should be simple.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2019
    • Citibank Credit Card
      "Good card for all transaction"
      0.5 5.0/5 "Blown Away!"
      I have reward points from CITI bank, I get more bonus points on the transactions, they give cash back offers for some transaction, I don't what to call them everything is prefect, the interest is also reasonable, I am using life time free credit card.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2019
    • HDFC Bank Credit Card
      "Need to increase the limit"
      0.5 5.0/5 "Blown Away!"
      I have HDFC Bharath credit card and using it for past 1.5years. The service is excellent and they are not charging high for the late payments. The credit limit is average and they need to enhance the limit. It is a life time free credit card. There was no much offers.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 22, 2019
    • Bank Bazaar Credit Card
      "Simple method for getting credit card "
      0.5 5.0/5 "Blown Away!"
      Through Bank bazaar it is a simple process of getting the credit card in quick time .It hardly took 1 week of time in Online method . I came to know bank bazaar through SMS . Customer executive guided about the various credit card in online . Mobile app is also user-friendly .
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 22, 2019
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      Axis Bank has offered NEO credit card and am using it for past 6 months. The credit limit is sufficient for the beginner, its 40K. The rate of interest is too high for late payment charges which they need to reduce. It is a life time free credit card.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 22, 2019
    • IndusInd Bank Credit Card
      "Online shopping and EMI is major advantage"
      0.5 5.0/5 "Blown Away!"
      I recently applied for the Indusind bank credit card in the on-line method . Within 10 days of time ,I got a good response till the time of dispatchement of my card . No annual fees for this card . The main plus point with Indusind bank credit card is the on-line shopping .
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 22, 2019
    • Kotak Credit Card
      "Good Card with Kotak"
      0.5 5.0/5 "Blown Away!"
      I am using Kotak Mahindra card for around two years, I have salary account hence everything is fine for me. The credit limit is not good because they gave only Rs.22,000, they need to enhance the card limit. I have master card and the accessibility is great.
      Was this review helpful? 0
      , faridabad
      Reviewed on Mar 22, 2019
    • RBL Bank Credit Card
      "Average Credit card"
      0.5 5.0/5 "Blown Away!"
      Almost it is going to be 3 months since I started to use this RBL credit card . Normally I will do most of the shopping Off-line .Offers are on-line and it is up to the expectation . RBL mobile app is very easy for making the payment and downloading the statement .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 22, 2019
    • Axis Bank Credit Card
      "Credit limit is not sufficient "
      0.5 5.0/5 "Blown Away!"
      For the past 6 months, I am using the AXIS bank credit card . My credit limit is around 25 k only . But this credit limit is very insufficient to use .I am not getting any notification about the various offers in on-line . Annual fees is around 499 - .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 22, 2019
    • Axis Bank Credit Card
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the credit card with the AXIS BANK the card is user friendly to use. The credit limit with this card is satisfactory added on that the offers with this card is good. I am using it from last few years with this card. There is a EMI conversion option but there is no balance transfer option with this card.
      Was this review helpful? 0
      , bhopal
      Reviewed on Mar 22, 2019
    • ICICI Bank Credit Card
      "BETTER"
      0.5 3.5/5 "Pretty good"
      I am not satisfied with the credit card that i am using it with the ICICI BANK because the credit limit with this bank card is not satisfactory also there are no offers available with this credit card. There is a EMI conversion option with this credit card which is good also it is easy to convert.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • HDFC Bank Credit Card
      "BETTER"
      0.5 3.5/5 "Pretty good"
      I have a credit card with the HDFC BANK the credit limit with this bank they have offered is average and i am not getting any offers with this bank. There is a EMI conversion option with this bank it is good and easy to convert with this bank credit card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • ICICI Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has almost been ten months since i am using this credit card and the services which they had provided me has been pretty good. But the credit limit with the card has been less and there has not been any annual charges with this card. I had been using this credit card for all sort of purposes.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • HDFC Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      HDFC has given me a Money Back credit card and using it for past three years. I am happy with the credit limit. There was no annual charges and am paying monthly due. The charges are reasonable for EMI conversion. I got reward points but my sister use to redeem so have no idea.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • IndusInd Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am just using this credit card for the last one week and the services which they had provided so far has been pretty good. They had given me with a good credit limit and it does not have any sort of annual charges. I am using this credit card for all sort of purposes.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • RBL Bank Credit Card
      "Good for all transaction"
      0.5 4.0/5 "Great!"
      I am holding RBL bajaj credit card, features are like the monthly benefits which they give like surcharges on the products, extra points on the shopping with the air lounges. The limit is very satisfied with RBL credit card, I am happy with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 22, 2019
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