Welcome to our comprehensive guide to the SBI SimplySave Credit Card – your key to maximizing savings and enjoying a world of benefits. In this article, we will explore the remarkable features, advantages, and privileges offered by this exceptional credit card, designed to help you make the most of every rupee you spend.
Don’t Miss the List
Check All SBI Credit Card
| Card | 1st Year Fee | Rewards | Joining Perks |
|---|---|---|---|
| SimplySAVE SBI Card | ₹ 400/- | Dining, movies, grocery & department stores: ₹ 150 = 10 points Others: ₹ 150 = 1 point | ₹ 2,000 bonus points on spends of ₹ 2,000 in 60 days |
SimplySAVE SBI Credit Card Key Features
| 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. |
SBI SimplySave Credit Card Benefits
The SBI SimplySAVE Credit Card is a basic credit card that offers a variety of benefits, including:
- No annual fee: There is no annual fee for the SBI SimplySAVE Credit Card.
- Reward points: You earn 1 reward point for every Rs. 150 you spend using the SimplySAVE SBI Card. These reward points can be redeemed for a variety of rewards, including cashback, travel, and merchandise.
- Welcome benefit: You get 2,000 reward points on spending Rs. 2,000 or more within the first 60 days of card issuance.
- Fuel surcharge waiver: You get a 1% fuel surcharge waiver on your transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India. You can avail a maximum waiver of Rs. 100 per statement cycle.
- Annual fee reversal: You can get your annual fee reversed if you spend Rs. 1 lakh in the previous year.
- Contactless payment: The SBI SimplySAVE Credit Card is contactless, so you can simply wave your card at a secure reader to make a payment.
- Zero liability protection: You are protected against fraudulent transactions made on your SBI SimplySAVE Credit Card.
Cashback on Everyday Expenses
The SBI SimplySave Credit Card allows you to earn attractive cashback on your everyday expenses. From grocery shopping to dining out, fueling up your vehicle to booking movie tickets, every transaction you make with this card brings you closer to substantial savings. Experience the joy of earning while you spend and watch your cashback rewards grow.
Welcome Offer
As a new cardholder, you will be greeted with an exclusive welcome offer when you apply for the SBI Simply Save Credit Card. This offer is designed to kickstart your savings journey and provide you with additional benefits right from the start. Embrace the advantages of being an SBI Simply Save cardholder and enjoy the perks of this limited-time welcome offer.
Fuel Surcharge Waiver
Say goodbye to fuel surcharges with the SBI SimplySave Credit Card. Enjoy the convenience of filling up your vehicle without incurring additional costs. Whether you commute daily or embark on road trips, this feature ensures that you save every time you refuel, making your journeys even more rewarding.
Flexipay
The SBI Simply Save Credit Card offers the flexibility to convert your large purchases into easy-to-manage EMIs. With the Flexipay feature, you can make expensive purchases and spread the payment over a convenient period. This allows you to manage your finances efficiently while enjoying the benefits of your SBI Simply Save Credit Card.
The SBI SimplySAVE Credit Card is a good option for those who are looking for a basic credit card with no annual fee and a variety of benefits. However, it is important to note that the rewards points earned on this card are not as valuable as those earned on other credit cards.
Reward Points Program
Earn reward points on every transaction made with your SBI Simply Save Credit Card. These points can be redeemed for a wide range of exciting options, including gift vouchers, merchandise, air miles, and more. Start accumulating reward points today and unlock a world of possibilities.
Contactless Payments
Experience the convenience of contactless payments with the SBI Simply Save Credit Card. Simply tap your card on a contactless-enabled terminal to complete your transaction swiftly and securely. Enjoy a seamless payment experience while keeping your financial information safe.
Easy Bill Payments
Say goodbye to late payment fees and the hassle of remembering due dates. The SBI Simply Save Credit Card provides an easy bill payment facility, allowing you to automate your recurring bills. Set up standing instructions or auto-debit options and ensure your bills are paid on time, every time.
Global Acceptance
Take your SBI Simply Save Credit Card with you wherever you go. With global acceptance at millions of Visa outlets, you can use your card to make purchases and withdraw cash at various locations around the world. Experience the convenience and security of carrying a card that is recognized internationally.
SBI SimplySave Credit Card Eligibility
The eligibility criteria for the SBI SimplySAVE Credit Card are as follows:
- You must be a resident of India.
- You must be at least 18 years old.
- You must have a minimum annual income of Rs. 3 lakh.
- You must have a good credit history.
If you meet these criteria, you can apply for the SBI SimplySAVE Credit Card online or by visiting a nearby SBI branch.
How to Apply for SBI SimplySave Credit Card?
Applying for the SBI Simply Save Credit Card is a simple and hassle-free process. You can visit our official website or contact our customer service team for assistance. Our knowledgeable representatives will guide you through the application process, ensuring a smooth experience from start to finish.
You can apply for the SBI SimplySave Credit Card online or by visiting a nearby SBI branch. Here are the steps on how to apply for the card online:
- Go to the SBI Card website and click on the “Apply Now” button for the SBI SimplySave Credit Card.
- Enter your personal information, such as your name, address, and contact details.
- Enter your employment information, such as your employer’s name and your salary.
- Upload your PAN card and Aadhaar card images.
- Submit your application and wait for approval.
SimplySAVE SBI Credit Card Required Documents
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
SBI SimplySave Credit Card Fees
The SBI SimplySAVE Credit Card has a few fees that you should be aware of. These fees include:
- Annual fee: The annual fee for the SBI SimplySAVE Credit Card is Rs. 499. This fee is waived if you spend Rs. 1 lakh in the previous year.
- Late payment fee: If you do not pay your bill on time, you will be charged a late payment fee of Rs. 500.
- Overdue interest: If you do not pay your bill in full, you will be charged an overdue interest rate of 3.5% per month or 42% per annum.
- Cash advance fee: If you withdraw cash from an ATM using your SBI SimplySAVE Credit Card, you will be charged a cash advance fee of 2.5% of the amount withdrawn or Rs. 500, whichever is higher.
- Foreign transaction fee: If you use your SBI SimplySAVE Credit Card to make a transaction in a foreign currency, you will be charged a foreign transaction fee of 3.5%.
It is important to note that these are just the basic fees associated with the SBI SimplySAVE Credit Card. There may be other fees that apply, depending on your specific circumstances.
Here are some tips to avoid fees:
- Pay your bill on time as per billing cycle.
- Set up a recurring payment so that your bill is automatically paid on time.
- Use your credit card for purchases that you can afford to pay off in full each month.
- Be aware of the foreign transaction fee and avoid using your card for foreign transactions if possible.
SBI SimplySave Credit Card Airport Lounge Access
The SBI SimplySAVE Credit Card does not offer any airport lounge access facility to the cardholders.
SBI SimplySave Credit Card Billing Cycle
The billing cycle for the SBI SimplySAVE Credit Card is 30 days. This means that your statement will be generated on the 1st of every month, and your payment due date will be on the 20th of the same month.
For example, if your statement is generated on July 1st, 2023, your payment due date will be July 20th, 2023. Any outstanding balance on your account on the payment due date will be subject to interest charges.
You can check your billing cycle and payment due date by logging into your SBI Card account online or by downloading the SBI Card mobile app.
Here are some tips for managing your SBI SimplySAVE Credit Card billing cycle:
- Make sure that you pay your bill on time to avoid interest charges.
- Set up a recurring payment so that your bill is automatically paid on time.
- Review your statement carefully to make sure that there are no unauthorized charges.
- Contact SBI Card customer service if you have any questions about your billing cycle.
SBI SimplySave Credit Card Cash Withdrawal Charges
The SBI SimplySAVE Credit Card charges a cash advance fee of 2.5% of the amount withdrawn or Rs. 500, whichever is higher, for domestic cash withdrawals. For international cash withdrawals, the fee is 2.5% or Rs. 500, whichever is higher.
For example, if you withdraw Rs. 1000 from an ATM using your SBI SimplySAVE Credit Card, you will be charged a cash advance fee of Rs. 25.
You will also be charged an interest rate on cash advances, which is currently 3.5% per month or 42% per annum. This means that if you withdraw Rs. 1000 and do not repay it within the month, you will be charged Rs. 35 in interest.
It is important to note that cash advances are not eligible for the rewards points that are offered on other types of transactions.
Here are some tips to avoid cash advance fees:
- Only withdraw cash from ATMs when necessary.
- Set up a recurring payment to repay your cash advances in full each month.
- Use your credit card for other types of transactions, such as shopping or dining out, to earn rewards points.
SBI SimplySave Credit Card Fuel Surcharges
The SBI SimplySAVE Credit Card offers a fuel surcharge waiver on your transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India. You can avail a maximum waiver of Rs. 100 per statement cycle.
For example, if you spend Rs. 2000 on fuel at a petrol pump, you will be charged a fuel surcharge of Rs. 20. However, if you use your SBI SimplySAVE Credit Card, you will be waived the fuel surcharge of Rs. 20.
The fuel surcharge waiver is available on all petrol pumps in India, including Bharat Petroleum, Hindustan Petroleum, Indian Oil Corporation, and Shell.
It is important to note that the fuel surcharge waiver is only available on transactions between Rs. 500 to Rs. 3,000. If you spend more than Rs. 3000 on fuel, you will be charged the full fuel surcharge.
The fuel surcharge waiver is a great benefit for those who use their credit card for fuel purchases. It can help you save a significant amount of money on your fuel bills.
