SBI Simply Save Credit Card is designed for those without prior experience with a credit card. This is an entry-level credit card using which the cardholder can improve his credit score while earning rewards and can get a host of other basic benefits. SBI Simply Save Credit Card is now issued on the Mastercard payment network which can be used for multiple spends. Consumers who regularly spend a significant amount across various categories can easily earn 10X reward points and redeem them later for vouchers.
SBI Simply Save card charges just ₹499 as a joining fee & an annual fee/renewal fee whereas the renewal fee is reversed if the annual spending for last year is more than or equal to ₹ 1,00,000. The credit card offers 2000 bonus reward points on expenditure of ₹ 2000 or more within 60 days of card issuance.
Key Highlights of SBI Simply Save Credit Card
| Key Highlights | Joining Fee | ₹ 499 + taxes |
| Annual Fee/Renewal Fee | ₹ 499 + taxes (To avail of fee reversal, you need to spend Rs. 1,00,000 or more in the prior year) | |
| Welcome Benefits | Get 2000 bonus reward points on expenditure of ₹ 2000 or more in 60 days of card issuance. | |
| Best Suited For | Shopping | |
| Card Network Type | Mastercard | |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transaction b/w ₹ 500 – ₹ 3,000 | |
| Reward Benefits | 10X Reward Points on Dining, Movies, Departmental Stores and Grocery Spends. |
Features & Benefits of SBI Simply Save Credit Card
| Benefits | Details |
|---|---|
| Welcome Benefits | Get 2000 bonus reward points on expenditure of ₹ 2000 or more in 60 days of card issuance. |
| Reward Points | Earn 10X Reward Points per ₹ 150 spent on Dining, Movies, Departmental Stores and Grocery Spends On all your other spends, earn 1 Reward Point per ₹ 150 spent 4 Reward Points = ₹ 1 |
| UPI Benefits | Simply Save Credit Card is a UPI-enabled card, just link your Simply Save SBI Credit Card to any UPI app & enjoy an interest-free credit period to suit your everyday needs |
| Spend Based Reversal Benefits | It is mandatory to spend ₹1,00,000 or more on your SBI SimplySAVE Credit Card in the previous year to avail reversal of annual membership fee from the second year of your membership |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver at any fuel outlet across India on transaction b/w ₹ 500 – ₹ 3,000 (get max. surcharge waiver of up to ₹100 per statement cycle) |
| Add-on Benefits | With this primary card, empower your family further with the facility of additional cards for your parents, spouse, children, and siblings above 18 years of age |
| Airport Lounge Access | No Domestic & International Airport Lounge Access is available |
| Insurance Benefits | Not available |
| Contactless Advantages | Easy Payment: Make everyday purchases easier with the SBI Simply SAVE Credit Card. Wave your card over the secure reader to make payments Fast & Convenient: No need to hand over your card for everyday purchases. |
| Global Acceptance | SBI Simply SAVE Credit Card being an international credit card can be used for payments at over 24 million VISA or MasterCard accepted outlets across the world including 3,25,000 outlets in India |
| Cash on the Go Benefits | Withdraw instant cash from more than 1 million Visa or MasterCard ATMs all over the world |
| Utility Bill Payment Benefits | Pay all utility bills easily with SBI SimplySAVE Credit Card |
| Balance Transfer on Emi | Save money even while paying off credit card dues Transfer your credit card dues from other bank’s credit cards to SBI Simply SAVE Credit Card & repay in EMIs at a lower interest rate |
| Flexipay | Conversion Into Easy Monthly Installments: Convert purchases of ₹ 2,500 or above with SBI SimplySAVE Credit Card to FlexiPay by logging in with your username & password at sbicard.com within 30 days. |
Reward Redemption Process for SBI Simply Save Credit Card
The card user can redeem his Reward points (RPs) earned from the SBI Simply Save Credit Card in the form of shopping, gift vouchers, etc. He can also use it against his card’s outstanding balance.
- Against gift vouchers by visiting sbicard.com or through SBI mobile application (YONO).
- Against card’s statement balance through Internet Banking.
- 1 Reward Point = ₹ 0.25 (4 RPs = ₹ 1)
Fees & Charges of SBI Simply Save Credit Card
| Types of Charges | Details |
|---|---|
| Joining Fee | ₹ 499 + taxes |
| Annual Fee/Renewal Fee | ₹ 499 + taxes from 2nd year onwards. Renewal Fee reversible if annual spends for last year is greater than or equal to ₹ 1,00,000 |
| Add-On Fee | Nil |
| Cash Advance Fee | 2.5% or ₹ 500 whichever is higher at domestic ATMs 2.5% or ₹ 500, whichever is higher at international ATMs |
| Finance Charges | 3.5% per month 42% per annum |
| Late Payment Fee | For outstanding balance- Charges– Balance b/w Nil– Up to ₹ 0 – ₹ 500 ₹ 400– b/w ₹ 501 – ₹ 1,000 ₹ 750– b/w ₹ 1,001 – ₹ 10,000 ₹ 950– b/w ₹ 10,001 – ₹ 25,000 ₹ 1100– b/w ₹ 25,001 – ₹ 50,000 ₹ 1300– Above ₹ 50,000 ₹ 100– An additional Late Payment Charge of ₹ 100 will be charged on missing payment of the Minimum Amount Due (MAD) by the due date for two consecutive cycles |
| Overlimit Fee | 2.5% of the over limit amount that exceeds the credit limit or ₹ 600 whichever is higher, will be levied |
| Reward Redemption Fee | ₹ 99 |
| Interest Free Credit Period | The interest-free credit period can vary b/w 20 – 50 days, depending on when the merchant submits the claim |
| Cash Payment Fee | ₹ 250 + taxes |
| Card Replacement Fee | ₹ 100 – ₹ 250 |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions b/w ₹ 500 – ₹ 4,000 at fuel outlets across the India |
| Foreign Currency Mark-Up Fee | 3.5% of the transaction amount |
| Cheque Payment Fee | ₹ 100 |
| Payment Dishonor Fee | 2% of Payment Amount subject to minimum charges of ₹ 500 |
| Network Change Fee | ₹ 200 |
| Rent Payment Charges | ₹ 199 + GST |
Eligibility Criteria for SBI Simply Save Credit Card
| Eligibility criteria | Details |
| Age | Be between 21 – 70 years old |
| Income | Have a regular source of income |
| Occupation | Salaried or self-employed |
| Credit score | Have a good credit history with a decent credit score of at least 750 |
Documents Required for SBI Simply Save Credit Card
Applicants will be required to submit proof of identity, address and income for SBI Simply Save given below:
How to Apply for an SBI Simply Save Credit Card?
SBI Card allows its customers to apply for an SBI Simply Save Credit Card powered by Mastercard either online or offline.
Offline:
If the customer wants to apply for a credit card offline, he can visit the nearest SBI branch with all the required documents and fill up the physical application form.
Online:
If the customer wants to go for this card online, he has to follow the following simple steps:
- Visit the official website of SBI Card (sbicard.com)
- Select credit cards
- Choose the SBI Simply SAVE credit card
- Click on Apply Now
- Fill the required information & upload the required documents
- Click on Submit
Customer Care Service
If you have any related queries /assistance, reach out to SBI Card’s customer care team via phone or email:
- Dial 1860 180 1290 or 39 02 02 02 (prefix local STD code)
- Email customercare@sbicard.com
- A simple, basic credit card for beginners, The Simply Save credit card is easy to get as eligibility criteria set by bank is low.
- At joining and Annual fee of just 499, the card offers good rewards especially for online purchasers.
- Being an international credit card, SBI Simply Save can be used globally.
- Comes with a enhanced security to safeguard users from any kind of attack.
- The add-on card fee for the Simply Save Credit Card is zero.
- No fancy memberships on offer with this credit card.
- No free lounge access with SBI Simply Save Credit Card
- Cashbacks and Rewards are limited.
Known as a beginners credit card, SBI Simply Save is an entry-level credit card for those with little or no experiences with credit card. As the eligibility criteria for this credit card is simple, it can be a great tool to build good credit history for beginners.
Click here to know about one of the luxurious credit cards on offer from SBI Cards
FAQs
What is the SBI Simply Save Credit Card interest rate?
The current finance charges are up to 3.50% per month (42% per annum).
Is this card accepted globally?
Yes, SBI Simply Save Credit Card being an international credit card can be used for payments at over 24 million VISA or MasterCard accepted outlets across the world including 3,25,000 outlets in India.
What is the interest-free grace period offered on the SBI Simply SAVE Credit Card?
The interest-free grace period can vary b/w 20 – 50 days, depending on when the merchant submits the claim.
Does SBI Simply SAVE Credit Card offer a complimentary airport lounge visit?
No, the SBI Simply SAVE Credit Card does not offer any complimentary airport lounge visit facility to the cardholders.
Is there a facility to transfer outstanding balances on other credit cards to Simply Save SBI Card?
Yes, one can use the Simply SAVE SBI Credit Card for transferring outstanding balances from any other credit card.
Is an add-on facility available on the Simply SAVE SBI Credit Card?
With this primary card, Users can empower their family further with the facility of additional cards for their parents, spouse, children, and siblings above 18 years of age. The add-on card fee for the Simply Save Credit Card is zero.
Can anyone withdraw cash using a Simply SAVE SBI Credit Card?
Yes, everyone can withdraw cash with a Simply SAVE SBI Credit Card. However, a 2.5% cash advance fee will be applicable on the amount withdrawn.
How can one redeem the reward points earned on the SBI Simply SAVE Credit Card?
The card user can redeem his RPs earned from the SBI Simply SAVE Card in the form of shopping, gift vouchers, etc., and also use it against his card’s outstanding balance.
– Against gift vouchers by visiting sbicard.com or through the SBI mobile application.
– Against the Card’s statement balance through Internet Banking.
– 1 Reward Point = ₹ 0.25 (4 RPs = ₹ 1)
