The SBI Simply Save Credit Card is an ideal choice for anyone looking for a reliable credit card with great benefits. This credit card offers a wide range of features, including a generous reward program, low-interest rates, low annual fees, and more. In this blog post, we will review the SBI Simply Save Credit Card, its benefits, limit, eligibility, fees and charges and how to apply. We will also explore the various ways you can use this card to save money and make your life easier.
SBI Simply Save Credit Card Overview
The SBI SimplySave Credit Card is a credit card offered by State Bank of India. It is a rewards credit card that offers cash back on all your spends.
The SBI SimplySave Credit Card offers a wide range of benefits including fuel surcharge waiver, shopping discounts, movie tickets at discounted prices and more. You also get access to exclusive airport lounges with this credit card.
The card comes with very low annual fee, allowing cardholders to save money on their banking costs. Additionally, it features a generous credit limit of up to ₹5 lakh and an attractive 10X rewards program that gives customers rewards points on every purchase they make.
Customers also have access to 1% fuel surcharge waiver, emergency services, cashless payments, and a range of discounts on shopping and travel. Furthermore, the card has an easy-to-use interface and is compatible with most payment gateways and ATMs.
Benefits of a SBI Simply Save Credit Card
A SBI SimplySave Credit Card offers a number of benefits that can save you money and help you manage your finances including:
- Reward points: SBI SimplySave Credit Card offers reward points on all purchases. Whenever you spend Rs.150 on movies, grocery,department stores and dining, you will earn 10x rewards points. All other categories can earn 1 reward point on every 150 Rs spent.
- Low annual fee: The SBI SimplySave Credit Card does have an annual fee of INR 499. However, the annual fee can be waived if the cardholder spends a minimum of INR 1,00,000 in the first year.
- Welcome Benefits: The SBI SimplySave Credit Card offers welcome benefits to new cardholders. Specifically, you can earn 2,000 bonus reward points by spending INR 2,000 or more within the first 60 days of card issuance.
- Fuel Benefits: The SBI SimplySave Credit Card offers a fuel surcharge waiver to cardholders, which can help you save money on fuel expenses. Specifically, you can get a 1% waiver on your fuel surcharge when you spend between INR 500 and INR 3,000 at any petrol station in India.
- Balance Transfer Facility: SBI SimplySave Credit Card does offer a balance transfer facility.With the balance transfer facility, you can transfer outstanding dues from various banks’ credit cards to the SBI SimplySave Credit Card at a low interest rate and repay the balance in equal monthly installments (EMIs).
- Flexipay Facility: The SBI SimplySave Credit Card offers a Flexipay facility. You will need to make a purchase of INR 2,500 or more using your SBI SimplySave Credit Card. You can then choose to convert the purchase into EMIs by contacting the bank or using the online portal.
- Add-On Card Facility: The SBI SimplySave Credit Card offers an Add-on Card facility, which allows the primary cardholder to add additional cards for family members or other individuals at No Extra Cost. The Add-on Cards are linked to the primary card and share the same credit limit, rewards, and other features as the primary card.
Overall, the SBI SimplySave Credit Card is a good choice for those who want to earn reward points, save on fuel expenses, and enjoy a range of insurance benefits, all while paying a minimal annual fee.
Eligibility Criteria for SBI Simply Save Credit Card
| To be eligible for the SBI SimplySave Credit card, you must : |
|---|
| 1. Be a resident of India |
| 2. Be at least 18 years old |
| 3. Have a regular source of income |
| 4. Minimum Monthly Income should be : 20000 for Salaried and 30000 for Self Employed |
| 5. Have a good credit history : Credit score should be above 730 |
Documents Required for SBI Simply Save Credit Card
To apply for an SBI SimplySave credit card, you will need to provide the following documents:
- A valid photo ID (e.g. Aadhar Card,passport, driver’s license, etc.)
- Proof of address (e.g. utility bill, lease agreement, etc.)
- Proof of income
- For Salaried: last 3 Months Payslip
- For Self Employed: Income Tax Return copy of last 2 years.
- A Recent Photograph.
If you have all of the required documents, then you should be able to submit your application and get a decision relatively quickly. However, if any of the information or documentation is missing, it could delay the process or result in your application being rejected outright.
Charges and Fees for a SBI Simply Save Credit Card
The SBI SimplySave Credit Card comes with a host of benefits and features that make it a great choice for individuals who are looking for a credit card with no annual fees. However, there are certain charges and fees associated with the SBI SimplySave Credit Card that cardholders need to be aware of:
| Type of Charges | Amount |
|---|---|
| Joining Fee | 499 |
| Annual Fee | 499 |
| Add-On Card Fee | Nil |
| Late Payment Charges | 0 to 1300 ( Depending on the due amount) |
| Card Replacement Charges | 100 |
| Statement retrieval Charges | 100 |
| Foreign currency transaction fee | 3.5%Â of the total transaction value |
| Finance Charges | 3.5% per month (42% per annum) |
| Over limit Fee | 2.5% of the overlimit amount or ₹600, whichever is higher |
| Cash Advance Fee | 2.5% of the withdrawn amount or ₹500, whichever is higher |
| Reward Redemption Fee | 99 |
| Payment Dishonor Charges | 2% of the amount or ₹500, whichever is higher |
How to Apply for SBI Simply Save Credit Card
If you are looking for a credit card that offers great rewards and benefits, then you should consider the SBI Simply Save Credit Card. In order to apply for the SBI Simply Save Credit Card, you will need to follow these steps:
- Click on the below button to visit SBI Simply Save Credit Card official website.
- You need to enter your first,middle and last name along with mobile number and accept the terms & conditions.
- Enter PAN, Date of birth and proceed to the next page.
- Enter mother’s name, Email ID and declare nationality as Indian
- Add Professional Details such as Salaried/Self Employed. workplace address, etc.
- For the last step, you need to complete the KYC process wherein you have to access Digilocker and provide access to address and identity proof
- Note: If address in the government ID is the permanent address, Enter your current address and confirm
- After the application ID is generated, You will be redirected to VKYC page or will be soon called by SBI Cards Executive to complete the process by physical verification
- Once the bank approves the card, it may take 7-20 working days to reach to you address.
SBI Simply SAVE Credit Card Customer Care
If you have any queries or questions about your account, or if you’re having trouble with your credit card, then SBI customer care representatives are there to help. You can contact them via phone on 1860 180 1290 or by emailing customercare@sbicard.com.
At the End
The SBI Simply Save Credit Card is a great option for those who are looking for a simple and straightforward credit card with minimal annual fees. The card offers a decent credit limit and rewards points on everyday spend, making it a good choice for regular shoppers. However, the interest rate on this card is quite high, so it’s important to make sure you can repay your balances in full each month. Overall, the SBI Simply Save Credit Card is a decent option for those who are looking for a basic credit card with no frills attached.
