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What is SSP payment in SBI credit card ?

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Payment
-5 2022-08-09T21:40:51+00:00
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Hey, I had no idea what is SSP payment in SBI Credit Card before I got an SBI card. Different cards (debit/ credit etc) have their advantages and disadvantages. You can measure the cons by looking at the interest rate, and minimum deposit amount amongst other factors. I will share more details about owning a credit card in the paragraphs below. Pay property rent with NoBroker Rent payment services and get instant receipt and assured benefits Click here to use NoBroker Online Bill Payment services to handle utility bills in one go. What is SSP payment in SBI Credit Card? When you take a credit card, you need to pay charges against the amount due mentioned in the monthly credit card statement. You need to make sure to pay the minimum amount mentioned there. SSP payment is the minimum amount you pay against your credit card bill. This is done to avoid late payment charges. If you end up paying the credit card bill in its entirety, you won't have to pay any interest. If you make the SSP payment in SBI Credit Card, the balance will be carried forward in the next month. Usually, the SSP payment amount is calculated based on the total outstanding amount. In SBI it is 5% of the total amount. If you don't make SSP. the payment you will be charged a fee. Take a look at the below to know the amount.
If the statement balance is payment charges
Less than Rs.200 NIL
Between Rs.200 to Rs.500 Rs.100
Between Rs.500 to Rs.1,000 Rs.400
Between Rs.1,000 to Rs.10,000 Rs.600
Between Rs.10,000 to Rs.25,000 Rs.800
Above Rs.25,000 Rs.950
I believe you will have a good grasp of SSP payment in SBI Credit Card meaning now. Read more : How to get loan against fixed deposit in SBI? How to waive SBI credit card annual fee? How to convert credit card payment to EMI in SBI? How to foreclose SBI credit card EMI? What is minimum amount due in SBI credit card? How to check pending EMI on SBI credit card?
0 2023-07-31T20:31:14+00:00
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The SSP payment meaning is simple. It denotes the minimum amount that needs to be paid towards your SBI credit card account to avoid late payment charges. Another way to define SSP payment in credit card meaning is that it denotes the due amount that a credit card issuer has to pay against your credit card bill. This is basically done to avoid late payment penalties. You can enquire about it from the bank you had availed your credit card from. I am not, however, sure about what is the SSP payment full form since I have never seen anyone mention it, but yes, you can be sure of its meaning. Get upto 90% of the property’s value as home loan through NoBroker Read More: How to check ICICI credit card payment due date? What Is The Late Payment Charges For HDFC Credit Card?
5 2023-09-20T09:26:35+00:00
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From SBI’s official sites, I came to learn the SSP payment full form in credit card. It stands for Sales Service Providers. It falls under the umbrella of retail acquisition channels of credit cards. Through this customers can get their SBI card after applying through SSPs or DSAs ( Direct Sales Agents). So SSP in SBI credit card means the direct-to-customer acquisition channel.  You can learn about the
  • Fee
  • Schedule of charges
  • Overlimit transaction and other details of SBI card here:
https://www.sbicard.com/en/most-important-terms-and-conditions.page

What are the benefits of a credit card?

Some of the well-known benefits of credit cards are:
  • Convenience: 
Credit cards offer a convenient way to make purchases without carrying cash.
  • Rewards Programs: 
Many credit cards offer rewards such as cashback, points, or miles for spending.
  • Build Credit: 
Responsible use of a credit card can help build a positive credit history.
  • Emergency Funds: 
Credit cards provide a financial safety net for unexpected expenses.
  • Security:
Credit cards often have fraud protection and are safer than carrying cash. For other details, you can visit the bank or check its official website. Get your home loan approved through SBI online through NoBroker Read More: Can we pay electricity bill through credit card? Can I Pay Home Loan EMI Through Credit Card? How to pay rent using credit card?

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