Considered one of the best banks in India, the State Bank of India offers its customers high-quality financial services and goods. The credit cards from this bank are distinctive, offering a range of advantages and privileges catered to the needs and wants of its customers. Your shopping demands can be met, and you can save money on all of your purchases with the SBI Simply Save Advantage credit card.
The various features of SBI Simply Save Advantage Credit Card are mentioned below:
| Cash on the Go | Around the globe, automated teller machines that accept Visa or MasterCard can be used to withdraw cash at any time. |
| Online Booking of the Railway Tickets | You can use your SBI Simply Save Advantage card to order train tickets and have them delivered to your home. All you have to do is go to the IRCTC website and sign up for a free account. After that, you must log in with your credentials (username and password) and book your ticket using the onscreen instructions. You can pay for your reservation with your SBI Simple Save card at the payment gateway. |
| Facility for Utility Bill Payment | You can use the SBI Simply Save Advantage credit card to pay all of your electricity, phone, and mobile bills, as well as other utility expenses. |
| EMI Balance Transfer | While paying down the balance on your credit card, you might save a lot of money. You can transfer any outstanding balances from other banks' credit cards to your SBI Simply Save Advantage card. This way, you'll be able to take advantage of cheaper interest rates and pay back in convenient monthly instalments. You must log on to sbicard.com with your user id and password to utilise this service. |
| Flexipay | You may use the Flexipay feature to turn all of your SBI card transactions into convenient monthly instalments. It's important to remember that Flexipay requires a minimum purchase of Rs 2,500. All you have to do is go to sbicard.com and change your payment method to monthly payments. Make sure you do it within 30 days of purchasing the item. |
| Easy Money | Use the Easy Money option to obtain a cheque or draft against the cash limit and have it delivered to your address. |
| Reward Points | You can earn 1 Reward Point for every Rs.100 spent on your SBI Simply Save Advantage credit card. You can use these Reward Points to pay off any outstanding credit card balances. You can also use the points you've earned to get gifts. On the bank's website, you can find a catalogue for a wide choice of presents. Enjoy 10X Reward Points on all of your supermarket shopping and department store purchases. 4 Reward Points are equal to Rs.1 with this SBI credit card. |
| Welcome Offer | Get a cashback of Rs.100 on your first ATM withdrawal. The withdrawal must, however, be made within the first thirty days of receiving your SBI Simply Save Advantage credit card. |
| Global Acceptance | You may use this SBI credit card at more than 24 million merchant locations throughout the world. The SBI Simply Save Advantage card is accepted at 3,25,000 merchant locations in India. Your SBI credit card will be accepted at any location that accepts MasterCard or Visa. |
| Additional Cards | You can choose to empower your loved ones with additional or supplementary cards. People who can avail these SBI add-on cards are your children, spouse, parents and siblings. The holder of the add-on card must be at least 18 years old. |
| Type | Fees and Charges |
|---|---|
| Annual Fee (One time only) | Rs 499 |
| Renewal Fee (per annum basis) | Rs 499 second year onwards. In case, you spend Rs.1 lakh or more 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 3.50% on a monthly basis (42% 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.500) |
| Cash Advance Fee at International ATMs | 2.5% of the total amount transacted (Subject to minimum amount of Rs.500) |
| Cheque Pick Up | Rs.100 |
| Fee for Payment Dishonor | 2% of the total amount transacted (Subject to minimum amount of Rs.500) |
| Retrieval of Statement | Rs 100 for each statement (2 months or more old) |
| Late Payment Charges |
|
| Overlimit Fee | 2.5% 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.199 |
| 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 get this card if you have a State Bank Group fixed deposit. The State Bank of India offers a variety of credit cards to meet a variety of demands. The SBI eligibility varies depending on the card. To see if you're eligible for an IRCTC SBI card, go to HYPERLINK "http://www.sbicard.com/eapply"www.sbicard.com/eapply and click on 'Help me locate a card.'
You need to submit a few documents to support your application and get an approval for the credit card. You need the following documents:
You can log on to sbicard.com and examine the summary of your card to view the reward point balance on your SBI Simple Save Advantage credit card. To find out your Reward Point balance, you may also send a text message from your registered cellphone number. This bit of information can also be seen on your credit card statement.
No, you can avail Balance Transfer facility will only one SBI card that you own.
Balance Transfer facility can be availed for all the different credit cards offered by various banks in India.
No, add-on card holders cannot use the Easy Money Facility. Only the primary cardholder can avail Easy Money.
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.
The minimum due is 5% of Total Outstanding (subject to a minimum Rs. 200) + GST + EMI (in case of loans).
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.
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.
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:
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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