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  • Central Bank of India SimplySave SBI Card

    With the Central Bank of India SimplySave SBI Card, you can get travel discounts and you can earn bonus reward points every time you use the credit card. The annual fee for the credit card is Rs.499.

    Key Highlights of the Central Bank of India SimplySave SBI Card

    • You get 2,000 bonus reward points when you spend Rs.2,000 or more reward points in first 60 days
    • Get 1 reward point for every Rs.100 spent on other categories.
    • Get waiver of 1% on your fuel surcharge.

    Features and Benefits of the Central Bank of India SimplySave SBI Card

    Welcome benefits:

    • You get 2,000 bonus reward points when you spend Rs.2,000 or more reward points in first 60 days

    Rewards benefits:

    • You get 10 reward points for every Rs.100 spent on:
      • Dining
      • Movies
      • Departmental stores
      • Grocery Spends
      • Get 1 reward point for every Rs.100 spent on other categories.

      Fuel benefits:

      • Get waiver of 1% on your fuel surcharge.
      • You can get the waiver benefit if your transaction is between Rs.500 and Rs.3,000

      Milestone benefits:

      • Your annual fee is waived off when you spend annual Rs.1 lakh in a year.

    Fees and Charges of Central Bank of India SimplySave SBI Card

    Type of Charge Fee
    Annual fee Rs.499
    Renewal fee Rs.499
    Finance charge Up to 3.50% per month (42% per annum)
    Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs 2.5% of the transaction amount or Rs. 500 (whichever is higher)
    Cash payment fee Rs.250
    Overlimit 2.5% of overlimit amount or Rs.600 (whichever is higher)
    Late payment
    • Rs.0 to Rs.500: NIL
    • Rs.500 to Rs.1,000: Rs.400
    • Rs.1,000 to Rs.10,000: Rs.750
    • Rs.10,000 to Rs.25,000: Rs.950
    • Rs.25,000 to Rs.50,000: Rs.1,100
    • Rs.50,000 and above: Rs.1,300
    Payment dishonor fee 2% of the amount (minimum of Rs.500)
    Cheque payment fee Rs.100
    Statement retrieval Rs.100 per statement which is over 2 months old
    Card replacement
    • Rs.100 to Rs.250
    Fee for increasing credit limit Rs.200 per request for increase
    Dynamic and static conversion fee
    • 3.50% (except for SBI Elite and Aurum credit cards)
    • 1.99% SBI Elite and Aurum credit cards)
    • These charges are applicable for transactions greater than or equal to Rs.1,000.
    Network change fee Rs.200 per request for network upgrade or network downgrade
    Foreign currency transaction fee
    • 3.50% (except for SBI Elite and SBI Aurum credit cards)
    • 1.99% (SBI Elite and Aurum credit cards)
    Rewards redemption fee
    • Rs.99 (only on cash redemption, gifts, and specific vouchers)
    Overdue finance charge
    • 3.65% per month (43.8% per annum)

    FAQs on Central Bank of India SimplySave SBI Card

    1. Is there any foreign currency markup rate for the credit card?

      Yes, 3.50% (except for SBI Elite and SBI Aurum credit cards). The rate is 1.99% for SBI Elite and Aurum credit cards.

    2. Is there any rewards redemption fee?

      Yes, the fee is Rs.99. This is applicable for cash redemption, specific vouchers, and gifts.

    3. What is the maximum fuel surcharge I can get?

      You get a maximum waiver of Rs.100 per statement.

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