Sneak-Peak Into SBI Simply Save Credit Card
The credit card was launched by the State Bank of India to help their customers with seamless and hassle-free everyday shopping. SBI Simply Save Credit card helps facilitate cardholders with everyday spending activity categories like dining, departmental shopping, etc, with much ease.
The card offers several amazing features, making it an ideal option for offline shopping worldwide. The USP of the credit card lies in its ability to accumulate rewards on everyday spending quickly for a rewarding experience.
Highlights of SBI Simply Save Credit Card
Welcome offer
It is amongst the top and best features of SBI Simply Save Credit Card. The bank offers 2000 bonus reward points to their customer for spending 2000 rupees within the first 60 days of a credit card purchase. Cardholder also gets 100 rupees cash back on their first ATM withdrawal within 30 days of credit card purchase usage.
Contactless Card Payment
Another great feature of this credit card is contactless card payment. The integration of technology allows for easy and quick payment transfer. The card is applicable all around the world which is a bonus. The feature helps eliminate the risk of card fraudulent activity owing to card loss thereby elevating the security of the cardholder's credit card.
Reward Points
This feature allows cardholders to earn 10x reward points for a plethora of activities like grocery spending, movies, dining and departmental stores. There is also a reward point 1 earned on spending 150 rupees on any other activity using the credit card.
Annual Fee
The bank charges an annual fee of 499 rupees plus tax as a one-time joining fee for the SBI Simply Save Credit Card. The same amount is also to be paid as a renewal fee every year by the cardholder. However, cardholders are not liable to pay the renewal new if they end up spending an amount of 1, 00,000 yearly on their credit card. The membership fee reversal facility is also provided by the bank from the second year of the card subscription for cardholders.
EMI Conversion Facility
SBI Simply Save Credit Card allows cardholders to transfer unpaid balance amounts of varying credit cards within the credit card for a specified period for a lower interest rate. The cardholder can convert their big purchase into specified EMI amounts for the best shopping experience.
Fuel Surcharge Exemption
Cardholders of the SBI Simply Save Credit Card get an exemption of 1% on their fuel surcharge at any desired petrol pump. This exemption is available for the purchase of petrol of above 500 to 3000 rupees on a single transaction.
Points To Remember For SBI Simply Save Credit Card
FAQs
1. What is the age requirement for the SBI Simply Save Credit Card application?
Ans. The credit card applicant for SBI Simply Save Credit Card must be between the ages of 21-70 years to successfully apply for a credit card.
2. Can you redeem the SBI Simply Save Credit Card reward points online?
Ans. Yes, the cardholder can redeem their SBI Simply Save Credit Card reward points online by downloading their bank app.
3. Does SBI Simply Save Credit Card provide a grace-free interest rate period?
Ans. Yes, the bank allows for an in interest-free period of up to 50 days for cardholders.
4. Do you get airport lounge access with an SBI Simply Save Credit Card?
Ans. No, SBI Simply Save Credit Card does not offer airport lounge access for cardholders.
5. Can self-employed individuals apply for an SBI Simply Save Credit Card?
Ans. Yes, SBI bank does offer SBI Simply Save Credit Card to self-employed individuals.
6. What are the different documents required for the SBI Simply Save Credit Card application?
Ans. The credit card applicant needs to submit identity proof, income proof and address proof for a successful credit card application.
7. How many reward points does the cardholder have to collect to redeem 1 rupee using the SBI Simply Save Credit Card?
Ans. The cardholder needs to collect 4 reward points to redeem 1 rupee using SBI Simply Save Credit Card.
The credit card was launched by the State Bank of India to help their customers with seamless and hassle-free everyday shopping. SBI Simply Save Credit card helps facilitate cardholders with everyday spending activity categories like dining, departmental shopping, etc, with much ease.
The card offers several amazing features, making it an ideal option for offline shopping worldwide. The USP of the credit card lies in its ability to accumulate rewards on everyday spending quickly for a rewarding experience.
Highlights of SBI Simply Save Credit Card
Welcome offer
It is amongst the top and best features of SBI Simply Save Credit Card. The bank offers 2000 bonus reward points to their customer for spending 2000 rupees within the first 60 days of a credit card purchase. Cardholder also gets 100 rupees cash back on their first ATM withdrawal within 30 days of credit card purchase usage.
Contactless Card Payment
Another great feature of this credit card is contactless card payment. The integration of technology allows for easy and quick payment transfer. The card is applicable all around the world which is a bonus. The feature helps eliminate the risk of card fraudulent activity owing to card loss thereby elevating the security of the cardholder's credit card.
Reward Points
This feature allows cardholders to earn 10x reward points for a plethora of activities like grocery spending, movies, dining and departmental stores. There is also a reward point 1 earned on spending 150 rupees on any other activity using the credit card.
Annual Fee
The bank charges an annual fee of 499 rupees plus tax as a one-time joining fee for the SBI Simply Save Credit Card. The same amount is also to be paid as a renewal fee every year by the cardholder. However, cardholders are not liable to pay the renewal new if they end up spending an amount of 1, 00,000 yearly on their credit card. The membership fee reversal facility is also provided by the bank from the second year of the card subscription for cardholders.
EMI Conversion Facility
SBI Simply Save Credit Card allows cardholders to transfer unpaid balance amounts of varying credit cards within the credit card for a specified period for a lower interest rate. The cardholder can convert their big purchase into specified EMI amounts for the best shopping experience.
Fuel Surcharge Exemption
Cardholders of the SBI Simply Save Credit Card get an exemption of 1% on their fuel surcharge at any desired petrol pump. This exemption is available for the purchase of petrol of above 500 to 3000 rupees on a single transaction.
Points To Remember For SBI Simply Save Credit Card
- The credit card allows for an add-on facility for family members above the age of 18.
- The bank also offers a milestone benefit that enables cardholders to get an e-voucher of 1000 rupees on spending 90,000 rupees.
- The interest rate of the credit card is 42% annually.
- The cash advance fee of the credit card is 2.5% for every transaction amount. The minimum amount for the cash advance fee is 500 rupees.
- SBI Simply Save Credit Card offers an over-limit charge of 2.5% with a minimum amount of 600 rupees.
- The bank provides 24/7 customer support for cardholders for maximum value addition.
| Balance amount | Late fee charges |
| Up to 500 rupees | Nil |
| 5000-10,000 rupees | 400 rupees |
| 10,000-25,000 rupees | 950 rupees |
| 25,000-50,000 rupees | 1100 rupees |
| 50,000 & above | 1300 rupees |
FAQs
1. What is the age requirement for the SBI Simply Save Credit Card application?
Ans. The credit card applicant for SBI Simply Save Credit Card must be between the ages of 21-70 years to successfully apply for a credit card.
2. Can you redeem the SBI Simply Save Credit Card reward points online?
Ans. Yes, the cardholder can redeem their SBI Simply Save Credit Card reward points online by downloading their bank app.
3. Does SBI Simply Save Credit Card provide a grace-free interest rate period?
Ans. Yes, the bank allows for an in interest-free period of up to 50 days for cardholders.
4. Do you get airport lounge access with an SBI Simply Save Credit Card?
Ans. No, SBI Simply Save Credit Card does not offer airport lounge access for cardholders.
5. Can self-employed individuals apply for an SBI Simply Save Credit Card?
Ans. Yes, SBI bank does offer SBI Simply Save Credit Card to self-employed individuals.
6. What are the different documents required for the SBI Simply Save Credit Card application?
Ans. The credit card applicant needs to submit identity proof, income proof and address proof for a successful credit card application.
7. How many reward points does the cardholder have to collect to redeem 1 rupee using the SBI Simply Save Credit Card?
Ans. The cardholder needs to collect 4 reward points to redeem 1 rupee using SBI Simply Save Credit Card.
