SBI SimplySAVE Credit Card
Key Highlights of SBI SimplySAVE Credit Card
SBI SimplySAVE Credit Card offers savings on various purchases or transactions that we conduct on everyday basis.
From accelerated reward points to spend-based rewards to a renewal fee waiver, the credit card offers more practical benefits that enable the cardholders to save while they spend on the credit card. Let’s look at the features and benefits of the SimplySAVE SBI Credit Card in detail.
- A lifestyle credit card with a minimal renewal fee.
- Renewal fee waiver on milestone spends.
- Accelerated reward points on day-to-day spend categories.
- Bonus reward points within 60 days of card set-up.
| Welcome Benefit | Earn 2,000 bonus reward points by spending Rs.2,000 or more within the first 60 days of card issuance. |
| Lifestyle Benefits | Earn 10x reward points for every Rs.150 spent on movies, departmental stores, grocery, and dining spends. Earn 1 reward point for every Rs.150 spent for all other categories. |
| Renewal Fee Waiver | Spend Rs.1 lakh or more in a membership year and get your annual fee of Rs.499 waived off. The waiver is applicable from 2nd year onwards. |
| Fuel Benefits | Get a 1% waiver on your fuel surcharge when you spend between Rs.500 and Rs.3,000 at any petrol station in India. |
| Global Acceptance | The SimplySAVE SBI Card is accepted in more than 24 million outlets worldwide including 3.25 lakh outlets in India. |
| Balance Transfer | With the balance transfer facility, outstanding dues from various banks’ credit cards can be transferred to the SimplySAVE SBI Card at a low interest and repaid in EMI. |
| Easy Money Facility | Order drafts or cheques against your cash limit with the Easy Money Facility. |
| Flexipay | Your purchases of Rs.2,500 and above can be converted into EMIs with Flexipay. |
| Add-on Cards | Get add-on cards for your family members above the age of 18 years. |
Fees and Charges Associated with SimplySAVE SBI Card
| Type of Charge | Fee |
|---|---|
| Annual fee | Rs.499 |
| Renewal fee | Rs.499 |
| Finance charge | Up to 3.50% per month (42% per annum) |
| Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs | 2.5% of the transaction amount or Rs. 500 (whichever is higher) |
| Cash payment fee | Rs.250 |
| Overlimit | 2.5% of overlimit amount or Rs.600 (whichever is higher) |
| Late payment |
|
| Payment dishonor fee | 2% of the amount (minimum of Rs.500) |
| Cheque payment fee | Rs.100 |
| Statement retrieval | Rs.100 per statement which is over 2 months old |
| Card replacement | Rs.100 to Rs.250 |
| Fee for increasing credit limit | Rs.200 per request for increase |
| Dynamic and static conversion fee |
|
| Network change fee | Rs.200 per request for network upgrade or network downgrade |
| Foreign currency transaction fee |
|
| Rewards redemption fee | Rs.99 (only on cash redemption, gifts, and specific vouchers) |
| Overdue finance charge | 3.65% per month (43.8% per annum) |
Documents Required to Apply for SimplySAVE SBI Credit Card
The documents required to apply for SimplySAVE credit card vary for each customer. Below is an indicative list of documents required for any credit card application.
- Identity proof
- Address proof
- PAN card
- Passport size photograph
- Income proof document
- Bank statement
How to Apply for SimplySAVE SBI Card Online?
You can visit SBI Cards official website to apply for SimplySAVE credit card online.
Alternatively, you can also apply for the card through BankBazaar, which delights you with attractive partner offers.
Steps to apply for SBI SimplySAVE Credit Card on bankbazaar.com
Step 1: Click on the ‘Check Eligibility’ button on the page.
Step 2: Fill the required details to know your eligibility to apply for the card.
Step 3: Eligible applicant would be redirected to the online application page.
Step 4: Fill the online application form and click on ‘Submit’.
Step 5: Upload and submit the required documents.
Upon successful submission of the application, you will receive an acknowledgement message on your registered mobile number with the Application ID. You can use the same to track your credit card application status.
FAQs on SimplySAVE SBI Card
- What is the difference between SBI SimplySAVE Credit Card and SimplyCLICK Credit Card?
While the SBI SimplySAVE Credit Card is designed for day-to-day in-store spends such as dining, movies, groceries and others, the SimplyCLICK is for online shopping. Most of the features and benefits offered on the latter are woven around online shopping. - Can my family members use the card simultaneously?
Your immediate family members, above 18 years of age, can apply for an add-on credit card which has similar features as that of your card. - Am I allowed to transfer any outstanding balances on other credit cards to my SimplySAVE SBI Card?
Yes, you can use the SBI SimplySAVE Credit Card for transferring your outstanding balance from any other credit card. - Will the SBI SimplySAVE Credit Card be accepted outside India?
Yes, the SBI SimplySAVE Credit Card will be accepted overseas. Please note that this card will not be accepted in Nepal and Bhutan. - How do I redeem the reward points on my SBI SimplySAVE Credit Card?
You can easily redeem your reward points through online and offline methods. Visit the SBI website to learn more about redeeming your reward points. - Will the SBI SimplySAVE Credit Card reward points expire?
Yes, the reward points you earn on the SBI SimplySAVE Credit Card will expire after two years.
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