In today's time, the use of credit cards has increased a lot. People also pay their utility bills like electricity, water, and gas through credit cards. However, if you use an SBI credit card, then it may be a bit expensive for you to use it in the coming time. SBI Card has given a big shock to its users. SBI Card has made two big changes in the rules of credit cards, due to which you may have to pay more money.

Charges on paying utility bills from December 1
SBI Card has said that from December 1, paying utility bills through credit cards will become expensive for some customers. If you pay a utility bill of more than Rs 50 thousand through a credit card, then you will have to pay an additional charge of 1 percent on it. If the utility bill is less than Rs 50 thousand, then you will not have to pay any additional charge on it.

Changes in finance charges too
SBI has also made some changes in the finance charges of all unsecured credit cards except the Shaurya/Defense Credit Card. Now a finance charge of 3.75% will be levied on SBI Card's unsecured credit card. This rule will come into effect from November 1, 2024. Let us tell you that unsecured credit cards are those credit cards for which no security deposit or collateral has to be given. On the other hand, secured credit cards are those credit cards that are taken in exchange for any security or collateral. Credit cards given in exchange for fixed deposit (FD) are secured credit cards.

If you also use an SBI credit card, then now you may have to pay some additional charge on it. However, these changes will not apply to everyone. On the other hand, as far as utility bills are concerned, to avoid additional charges on it, you should pay keeping in mind the limit of Rs 50,000.