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.
|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||International ATMs – 3% of the amount transacted (Minimum – Rs.300) SBI ATM or Other ATM – 2.5% of the amount transacted (Minimum - Rs.300)|
|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||If the total amount due ranges from Rs.0 to Rs.200, then no fee is charged|
|If the total amount due is more than Rs.200 and up to Rs.500, then Rs.100 is charged|
|If the total amount due is more than Rs.500 and up to Rs.1,000, then Rs.400 is charged|
|If the total amount due is more than Rs.1,000 and up to Rs.10,000, then Rs.500 is charged|
|If the total amount due is more than Rs.10,000, then Rs.750 is charged|
|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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