- Joining fee
Rs. 499 + GST
- Annual fee
Rs. 499 + GST
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 Reward Point/₹150 Spent (Reward Rate = 0.17%) and 10X RPs for Spends on Movies, Grocery, Dining, & Departmental Stores (Reward Rate 1.7%)
- Welcome benefits
2,000 Reward Points on Spending ₹2,000 in the First 60 Days
- Reward redemption
Redeem Points for Vouchers, Against Statement or for Products (1 Reward Point = ₹0.25)
Benefits
- Movie & dining
10X Reward Points on movie and dining spends
Fees & charges
- Spend-based waiver
Renewal fee can be waived by spending Rs. 1 lakh in a card anniversary year
- Rewards redemption fee
₹99 + GST
- Foreign currency markup
3.5%
- Interest rates
3.75% Per Month (45% Annually)
- Fuel surcharge waiver
1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 (capped at Rs. 100 per month)
- Cash advance charges
2.5% or ₹500 (Whichever is Higher)
Product highlights
- On spending Rs. 2,000 within the 60 days of card activation get 2,000 bonus RPs that are worth Rs. 500.
- 1 Reward Point for every spend of Rs. 150.
- 10X Reward Points (10 Points per Rs. 150) on spends on movies, dining, grocery categories, and departmental stores.
- Annual renewal fee reversed on expenditure of minimum Rs. 1 lakh in the preceding year.
- 1% fuel surcharge waiver.
Pros & cons
Pros
- This card comes at a low joining fee of 499.
- You can earn great reward points on spends with this card.
Cons
- This card doesn’t provide international or domestic lounge access.
- There aren’t any insurance benefits with this card.
- Reward redemptions will be chargeable at Rs. 99
FAQs
How can I redeem the Reward Points earned on my SBI SimplySAVE Credit Card?
Reward Points earned on your SBI Simply SAVE Credit Card can be redeemed for gift vouchers on SBI card website or via SBI mobile app. You can also use the points to settle the cards’s outstanding amount. (1 Reward Point = Rs. 0.25)
Can I pay electricity and phone bills using the SBI SimplySAVE card?
Yes, you can pay electricity, mobile, telephone, and other bills using the EasyPay facility provided by SBI Card.
Can I withdraw cash using SBI SimplySAVE Credit Card?
Yes, you can withdraw cash with your Simply SAVE SBI Credit Card. However, a 2.5% cash advance fee will be applicable on the amount withdrawn.
Does this card provides a fuel surcharge waiver?
Yes, with the SBI SimplySave Card, you get a 1% waiver on all fuel transactions between Rs. 500 & Rs. 3,000.
Does this card provide any airport lounge access?
No, the Simply Save SBI Credit Card doesn’t offer any airport lounge visits.
What is the limit of the SBI SimplySAVE Credit Card?
SBI Card has not disclosed the limit it provides with the SimplySAVE Card as it varies from person to person and also depends upon your credit history.
What are the charges of SBI Simply Save add on card?
The add-on card fee for the SimplySave Credit Card is zero.
What is the interest rate of SBI SimplySave credit card?
The interest rate applicable on the SBI Simply Save Credit Card is 3.75% per month.
How do I cancel my SBI SimplySave credit card?
To cancel/close your SBI SimplySAve card, visit your closest SBI branch and fill in the physical form for account closure.
What is annual fee for SBI SimplySave card?
The annual fee of the SimplySave SBI Card is Rs. 499 plus applicable taxes.