How to Get SBI Card Credit Balance Refund?

If you have an excess balance in your SBI Credit Card account. Then it is called as “Credit Balance” of your card. In this guide, I will explain to you how you can get SBI Card credit balance refund.

Here I am talking about the credit card of SBI and not the debit card or ATM Card. So I request you not to get confused between these two.

Before we learn the steps to get a refund of your credit balance. It is very important for us to know what is the exact meaning of this process. What is a Credit Balance Refund? If you have an excess balance in your credit card account. Then it is the money that the credit card company owes to you. And you can request the company to give you a refund or transfer it back to your account. This type of balance accumulates in the account when excess payment is made by the credit card holder, Merchant refund, and charge reversals.

Steps to Receive Refund of Excess Balance in SBI Credit Card

SBI Credit Balance Refund

There are two methods that you can follow to get a refund. The first one is with the help of the official app of SBI Card. And the second method is by using the official website of the company.

Using the Official App of SBI Card

Steps to Get SBI Card Credit Balance Refund using App:
  1. Download and Install the official app of the SBI Card.
  2. Open the app after installation.
  3. Login into your account by entering your password, MPIN, or using fingerprint.
  4. Tap on “Settings” in the dashboard of the app.
  5. Select “Service” in the settings menu.
  6. Tap on “Credit Balance Refund”.
  7. The app will show you the excess balance you have.
  8. Enter the amount you want to receive as a refund.
  9. Tap on the “Continue” button and follow the on-screen instructions.

Using the Official Website of SBI Card

Steps to Get SBI Card Credit Balance Refund using Official Website:
  1. Visit the official website of SBI Card.
  2. Click on the “Login” button.
  3. Enter your account details and login into your account.
  4. Select your credit card from the drop-down menu if you have multiple cards.
  5. Click on “Services” → “Credit Balance Refund”.
  6. Enter the amount and click on the “Submit” button.

Conclusion

You should note one thing. You can receive the credit balance refund only if the amount is greater than Rs. 500. If you have less balance then you will not be able to request a refund. It will be adjusted in your card usage by the company. For more details, you can call the customer care of SBI Card.

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