State Bank of India (SBI), in collaboration with UCO Bank now offers the UCO Bank SimplySAVE SBI Card to its customers. This credit card comes with a one-time annual fee of Rs.499 (taxes applicable). The UCO Bank SimplySAVE SBI Card offers a number of benefits such as welcome bonus, reward points, visa privileges, lounge access, and so on.
Reward Points Benefits:
|Type of Fee||Amount|
|Finance Charges||Up to 3.35% monthly|
|Add-On card fee||Nil|
|Cash advance fee||
|Finance Charges||3.50% per month or 42% per annum|
|Payment dishonor fee||2% of the payment amount; minimum of Rs.450|
|Statement request||Rs.100 per statement (more than 2 months old)|
|Cash payment fee||Rs.250|
|Cheque payment fee||Rs.100|
|Over limit fee||2.5% of the over limit amount; minimum of Rs.600|
|Rewards redemption fee||Rs.99|
|Foreign currency transaction||3.50%|
|Type of Fee||Charges (in INR)|
|Annual Fee (One Time Fee)||Rs.499 + applicable taxes|
|Add-on Card Fee||Nil|
|Renewal Fee (Second year onwards)||Rs.499 + applicable taxes (Reversible on an annual spend of Rs.1 lakh or more)|
|Cash Advance Fee||2.5% or Rs.500 (higher of the two)|
|Cash Payment Fee||Rs.250 + applicable taxes|
|Late Payment Charges||
There are a few basic eligibility criteria that have to be fulfilled to be able to apply for the UCO Bank SimplySAVE SBI Card. These are as follows:
The annual fee payable for the UCO Bank SimplySAVE SBI Card is Rs.499 (plus applicable taxes). This amount is payable from the second year. However, if the annual spend on the credit card is Rs.1 lakh or more, the annual fee is reversed.
Once the UCO Bank SimplySAVE SBI Card is issued to you, you can check the credit limit of the card in the starter kit which is sent to you. The credit limit varies from person to person and will be communicated to the respective cardholders when the card is being issued by the bank.
Once you have enrolled your card to the official SBI Card portal, you can simply log in to the SBI Card portal or the SBI Card mobile phone application to check the credit limit that is available.
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