State Bank of India is one of the top banks across the globe that offers great financial services and products to its customers. The credit cards offered by this bank are unique and come with several perks and privileges that are designed to meet the needs and requirements of the customers. The SBI Simply Save Advantage credit card is designed for shopping needs and also allows you to save a great deal on all your spends.
The Simply Save card offered by State Bank of India comes with a myriad of benefits. These are as follows:
|Type||Fees and Charges|
|Annual Fee (One Time only)||Rs 499|
|Renewal Fee (per annum basis)||Rs 499. In case, you spend more than Rs 75,000 in the previous year then the renewal fee is reversed.|
|Add-on card Fee||Nil|
|Interest Free Credit||Avail interest free credit period for 20 days to 50 days. This is applicable on retail purchases only. Outstanding amount of previous month should be cleared.|
|Finance Charges||Avail finance charges of 2.50% on a monthly basis (30% per annum on all transactions).|
|Minimum amount due||5% of the total outstanding balance (Minimum of Rs 200 along with all the applicable taxes)|
|Limit on Cash Advance||The cash advance can to up to a maximum of 80%, capped at Rs 12,000 per day|
|Free Credit Period||Nil|
|Finance Charges for Cash Advance||Avail finance charges of 2.50% on a monthly basis (30% per annum on all transactions).|
|Cash Advance Fee at SBI ATMs or other bank ATMs||2.5% of the total amount transacted (Subject to minimum amount of Rs 300)|
|Cash Advance Fee at International ATMs||3% of the total amount transacted (Subject to minimum amount of Rs 300)|
|Cheque Pick Up||Rs 90|
|Fee for Payment Dishonor||2% of the total amount transacted (Subject to minimum amount of Rs 350)|
|Retrieval of Statement||Rs 100 for each statement (2 months or more old)|
|Retrieval of Charge Slip||Rs 225 for every slip|
|Late Payment Charges||0 if outstanding balance is less than Rs 200; Rs 100 if outstanding balance is between Rs 200 and Rs 500; Rs 400 if outstanding balance is between Rs 500 and Rs 1,000; Rs 500 if the outstanding balance is between Rs 1,000 and Rs 10,000; Rs 750 if the outstanding balance is above Rs 10,000|
|Overlimit Fee||3% of the total overlimit amount(Subject to minimum amount of Rs 500)|
|Card Replacement Fee||Rs 100|
|Emergency card replacement, when overseas||Actual fee along with extra $175|
|Conversion mark-up for Foreign Currency transactions||3.5%|
|Fee for Rewards Redemption||Rs 99|
|Fee for Cash Payment||Rs 100|
|Railway Ticket Surcharge at the counters||Rs 30 along with 2.50% of the total transaction amount|
|Railway Ticket Surcharge via online (IRCTC website)||1.80% of the total transaction amount along with applicable service charge|
You can avail of this card against a fixed deposit with State Bank Group. State Bank of India offers an array of credit cards designed to suit different needs of people. The SBI eligibility differs from card to card. Use the eligibility calculator on BankBazaar.com to find out if you are eligible for an IRCTC SBI card, or visit HYPERLINK "http://www.sbicard.com/eapply"www.sbicard.com/eapply and click on 'Help me find a card'.
You need to submit document to support your application and get an approval for the credit card. You need the following documents:
How to check balance Reward Points?
In order to check reward point balance on your SBI Simple Save Advantage credit card, you can to log on to sbicard.com and view the summary of your card. You can also send a text message from your registered mobile number to know about your Reward Point balance. You will also find this piece of information on your credit card statement.
Can I avail Balance Transfer on multiple SBI cards?
No, you can avail Balance Transfer facility will only one SBI card that you own.
Which are the credit cards that I can avail Balance Transfer for?
Balance Transfer facility can be availed for all the different credit cards offered by various banks in India.
Can add-on cardholders use the Easy Money facility?
No, add-on card holders cannot use the Easy Money Facility. Only the primary cardholder can avail Easy Money.
How is the billing for Flexipay done?
You will be billed for your Flexipay as a part of your monthly statements. The first instalment that you have to pay for availing Flexipay facility will be there on your card statement after you book the particular facility.
How is the minimum due calculated?
The minimum due is 5% of Total Outstanding (subject to a minimum Rs. 200) + GST + EMI (in case of loans).
I have paid my balance transfer outstanding but it has not been reflected. Why is this?
There is an order of payment settlement which SBI credit cards follow.
If you have a minimum amount due, the money would be directed towards paying that before clearing your balance transfer amount.
Why does SBI require my personal documents?
SBI only needs your PAN card and a valid ID. This is to verify your identification. This is a security measure that is mandatory at all banks.
How do I book railway tickets online?
You can book railway tickets online and have them delivered to your office or home with your SimplySAVE Advantage SBI Card. To book tickets, follow these steps:
Can I take SimplySAVE Advantage SBI add-on card for a friend?
No, add on cards are available for your immediate family such as your spouse, parents, children or siblings above the age of 18.
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