SBI SimplySAVE Credit Card offers savings on various purchases or transactions that we conduct on everyday basis.
From accelerated reward points to spend-based rewards to renewal fee waiver, the credit card offers more practical benefits that enable the cardholders to save while they spend on the credit card. Let’s look at the features and benefits of SimplySAVE SBI Credit Card in detail.
Welcome benefit: Earn 2,000 bonus reward points by spending Rs.2,000 within first 60 days of card issuance.
Also, get Rs.100 cashback by withdrawing cash using your SBI SimplySAVE card within first 30 days of card issuance.
Renewal fee waiver: Spend Rs.1 lakh or more in a membership year and get your annual fee of Rs.499 waived off. The waiver is applicable from 2nd year onwards.
Global acceptance: Not just in India, the SimplySAVE credit card can be used at over 24 million outlets worldwide, including 3.25 lakh outlets in India. Cash withdrawal is also possible from over 1 million Visa or MasterCard ATMs located across the globe.
Balance transfer on EMI: You can transfer the outstanding balance on other bank credit cards to the SBI card and pay it back in EMIs. The balance transfer on EMI offered by SBI comes at a lesser interest rate and processing fee.
Convert purchases into EMI: SBI Card also offers the Flexipay option using which you can convert any big-ticket purchases into easy monthly instalments.
Any purchase worth Rs.2,500 or above can be converted into EMI and can be paid back in tenures ranging from 3-12 months. However, the conversion must be done within 30 days of purchase.
Free add-on credit cards: With the SimplySAVE credit card, you can take up to 3 add-on credit cards without any additional charge. Your immediate family members aged above 18 years are eligible for the add-on cards, which come with similar features as that of the primary card.
Fuel surcharge waiver: Fuel bills no more attract additional surcharge if you use the SimplySAVE credit card to pay for your fuel.
The fee waiver is applicable on all the transactions between Rs.500 and Rs.3,000 made at any petrol station in India. The maximum waiver per billing cycle is capped at Rs.100.
|Interest rate||Up to 3.35% per month|
|Cash withdrawal fee||
|Rewards redemption fee||Rs.99 per request|
|Late payment fee||
|Payment dishonor fee||2% of the payment amount or Rs.450|
|Statement retrieval fee||Rs.100 per statement|
|Over-limit fee||2.5% of the over-limit amount or Rs.500|
|Foreign currency transaction fee||3.5% of the transaction amount|
|Card replacement charge||Rs.100|
Eligibility for SBI SimplySAVE credit card depends on SBIs internal policy. If you wish to know whether you’re eligible to apply for the card, follow the instructions mentioned below.
You will then find the list of cards you are eligible for. If you find SimplySAVE SBI card in the list, it indicates that you met the eligibility criteria to apply for the card. You can click on ‘Apply Now’ button under the card to apply for the same.
Alternatively, you can also call SBI credit card customer care helpline to check your eligibility for SBI SimplySAVE Credit Card.
The documents required to apply for SimplySAVE credit card vary for each customer. Below is an indicative list of documents required for any credit card application.
You can visit SBI Cards official website to apply for SimplySAVE credit card online.
Alternatively, you can also apply for the card through BankBazaar, which delights you with attractive partner offers.Steps to apply for SBI SimplySAVE Credit Card on bankbazaar.com
Upon successful submission of the application, you will receive an acknowledgement message on your registered mobile number with the Application ID. You can use the same to track your credit card application status.
SimplySAVE Credit Card provides the best benefits any other lifestyle credit card would offer. Some of the key benefits offered by the card include 2,000 bonus reward points within first 60 days of card issuance, 4 reward points on every spend and 10 reward points on most lifestyle categories and annual fee reversal. Regarding the cons of the card, the features and benefits offered on the card justify the annual fee it charges. Apparently, there are no prominent drawbacks for regular users of the card.
While the SBI SimplySAVE Credit Card is designed for day-to-day in-store spends such as dining, movies, groceries and others, the SimplyCLICK is for online shopping. Most of the features and benefits offered on the latter are woven around online shopping.
Your immediate family members, above 18 years of age, can apply for an add-on credit card which has similar features as that of your card.
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