State Bank of India and Karnataka Bank together launched the Karnataka Bank SimplySAVE SBI Card designed keeping in mind conscious spending consumers. The features offered by the card allow the customers to save while they spend.
The Simply SAVE card comes with a bundle of features, rewards, offers and privileges that are designed to cater all the shopping, holiday, fuel and dining needs of the consumers.
|Round the globe acceptability||The card is accepted at all the outlets that accept Visa and MasterCard. You can swipe the card at around 24 lakh stores around the globe including more than 3.25 lakh stores in India.|
|Cash withdrawal||>Cash can be withdrawn from more than 1 million Visa or MasterCard-powered ATMs across the globe|
|FlexiPay||The feature allows the users to convert their credit cards outstanding dues into easy EMIs or equated monthly instalments. To avail the facility, the purchase amount should be minimum Rs.2,500 and the request should be raised within 30 days of purchase.|
|Fuel surcharge waiver||The 1% fuel surcharge on the transactions done at petrol pumps using the card will be waived, if the bill exceeds Rs.500 and is applicable to the purchases worth Rs.3,000. The maximum surcharge waiver is Rs.100 per month or statement cycle.|
|Balance transfer from other credit cards||With Balance transfer on EMI facility, users can transfer their outstanding dues on other credit cards to the Karnataka Bank SBI Simply SAVE Card. The facility offers low interest rates and allows users to repay the dues in easy monthly instalments.|
|Easy money||With Easy Money feature, the card holders get a draft or cheque against their cash limit delivered to their registered address.|
|Add-on cards||Users can apply for two add-on credit cards for their family to let them use the same privileges on the card at their convenience. Parents, spouse, siblings and children above 18 years of the user can apply for the add-on Simply SAVE card.|
|Type of Charge||Amount|
|Annual and renewal fees||
|Interest rates for extended credit||
|Cash advance fee||
|Late payment fee||
When the outstanding is not clear on time it attracts late payment fee along with the interest.
|Fee Type||Fee (Rs.)|
|Cheque pickup fee||Rs.90|
|Statement retrieval fee||Rs.100 per statement (more than 2 months old)|
|Charge slip retrieval fee||Rs.225 per charge slip|
|Card replacement charge||Rs.100|
|Rewards redemption fee||Rs.99|
|Payment dishonour fee||2% of the payment amount (minimum Rs.450)|
|Cash payment fee||Rs.100|
|Emergency replacement in abroad||Nil|
|Over limit fee||2.5% of the over limit amount (min. Rs.500)|
|Foreign currency transaction fee||3.5% conversion mark-up|
You can apply for a credit card at Karnataka Bank through online or offline methods. If you wish to apply for a card offline, you can visit the nearest branch of Karnataka Bank and fill the application form and submit the documents required. If you wish to apply for a card online, you can visit the website of Karnataka Bank and fill the form online.
Yes, Karnataka Bank is among the top banks in the country. It is highly safe and a Class A Scheduled Commercial Bank and is based in Mangaluru, Karnataka. The bank has a total of 848 branches and 1540 ATMs all across the country.
The annual fee of the SimplySAVE credit card is Rs.499.
The rewards point benefits of the card are as follows:
With the Karnataka Bank SimplySAVE SBI credit card, the following surcharges are given:
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