anuragmukherjee28
Moderator
Benefits:
- Earn 10 reward points on every Rs. 150 spent on groceries, departmental stores, movies, and utility bills. (4 Reward Points = Rs. 1)
- Earn 1 reward point on every Rs. 150 spent on all other categories. (4 Reward Points = Rs. 1)
- Get 2,000 bonus reward points within 60 days of card activation.
- Spend Rs. 2,000 within 60 days of issuance and earn 2,000 bonus reward points.
- Enjoy a complimentary domestic airport lounge access every quarter on achieving spends of Rs. 10,000 in the previous quarter.
- Get 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at SBI credit card partner fuel stations.(up to Rs. 100 per statement cycle)
- Avail an annual fee waiver if you spend Rs. 1 lakh or more in a year.
- Compared to some cards with specific category bonuses, the 10x reward points on groceries, departmental stores, movies, and utilities might not be as lucrative.
- Earned reward points expire after 2 years, so be sure to redeem them in time or you'll lose their value.
- Redeeming points comes with a Rs. 99 fee, which can eat into your rewards if you make small redemptions.
- The card lacks specific travel, dining, or lifestyle benefits that other cards might offer.
- The 3.5% markup on foreign currency transactions can add up if you travel frequently or make international purchases.
- You must be an Indian citizen with a good credit score.
- You must be between 21 and 60 years of age.
- You must have a minimum income of Rs. 25,000 per month.
- Filled application form
- Passport-size photograph
- ID proof (PAN card, Aadhaar card, etc.)
- Address proof (utility bill, rent agreement, etc.)
- Income proof (salary slips, bank statements, etc.)
- Annual fee: Rs. 499 + taxes
- Renewal fee: Rs. 499 + taxes (waived if you spend Rs. 1 lakh or more in a year)
- Add-on card fee: Nil
You can apply for the SBI Simply Save Credit Card online or at any SBI branch.
