South Indian Bank and SBI have come together to offer an international credit card called South Indian Bank Simply Save SBI Card. This credit card has very attractive features and it offers multiple benefits to the cardholders.
|Cash Points||Avail 1 Reward Point for every Rs.100 that you spend using this card.|
|Value Back||Earn up to 2.5% value back when you use this card to spend money on groceries and at departmental stores.|
|Fuel Surcharge Waiver||Spend between Rs.500 and Rs.3,000 on fuel at any petrol pump in India and receive a fuel surcharge waiver of 2.5%.|
|Global Acceptance||South Indian Bank Simply Save SBI Card is accepted in more than 24 million merchant outlets in the world.|
|Cash Withdrawal||Cardholders can withdraw cash in any part of the world from any MasterCard or Visa ATMs.|
|Add-On Card||Cardholders of this card can apply for free add-on credit cards for their family members. The age of an add-on card holder should be above 18 years.|
|Railway Tickets||Using your South Indian Bank Simply Save SBI Card, you can easily book railway tickets on the IRCTC website.|
|Utility Bill Payment||If you possess this card, you can pay your utility bills online using the Easy Bill Pay Facility.|
|Flexipay||South Indian Bank Simply Save SBI Card holders can convert their transaction of at least Rs.2,500 into monthly instalments using the Flexipay feature.|
|Balance Transfer||Using this card, you can save money when you pay your credit card dues. The Balance Transfer on EMI facility allows you to transfer the pending balance of your credit card from another bank to your South Indian Bank Simply Save SBI Card account and avail lower interest rates. You will also be able to return the money in instalments.|
|Type of Fees and Charges||Amount|
|Add-on Card Fee||NIL|
|Interest free credit period||20 to 50 days|
|Limit on Cash Advance||Up to 80% of the credit limit (Maximum Rs.12,000 per day)|
|Minimum amount due||5% of the total outstanding balance|
|Finance charge||3.35% each month|
|Cash Advance fee||
|Cheque pick up fee||Rs.90|
|Charge slip retrieval fee||Rs.225 for each charge slip|
|Payment Dishonour Fee||2% of the payment amount (Minimum – Rs.350)|
|Statement retrieval fee||Rs.100 for each statement (if the statement is at least 2 months old)|
|Overlimit fee||2.5% of the overlimit amount (Minimum – Rs.500)|
|Fee for transaction in foreign currency||Conversion mark up - 3.5%|
|Emergency card replacement fee (when out of India)||Actual cost (Minimum - $175)|
|Late payment fee||
|Card upgrade fee||Rs.200|
|Fee for redemption of rewards||Rs.99|
|Card replacement fee||Rs.100|
|Finance Charges on Cash Advance||Up to 3.35% each month|
|Surcharge on railway tickets purchased at railway counters||Rs.30 plus 2.5% of the amount transacted|
|Fee for cash payment||Rs.100|
|Maximum fuel surcharge waiver||Rs.100 per statement cycle for each credit card account|
|Surcharge on railway tickets purchased on the website of IRCTC||1.8% of the amount transacted plus service charge|
The rates/fees & charges may be changed at the discretion of the bank.
You can get more details about South Indian Bank Simply Save SBI Card from the bank or the website of SBI Card.
You can redeem your Reward Points online on the SBI Card website. You have to login on the SBI Card website using your User ID and Password and then select the products/services you want to redeem your points for.
To find the nearest SBI Drop Box, you have to send an SMS from your phone to the bank. You have to type ‘PIN "space" your 6 digit Pin Code’ in the SMS. On receiving the SMS, the bank will send you a list of the drop boxes that are present in your area.
To convert a transaction into Flexipay instalment plan, you have to ensure that its value is at least Rs.2,500. You have to then request the bank to convert it into the Flexipay plan within 30 days of the purchase. You can do so by contacting on the helpline number.
Yes, you can track credit card application status online on the website of SBI Card.
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