|SBI SimplySAVE Credit Card|
Fuel Benefits ★
Annual Fee ★★★
Welcome Benefits ★★★
Ease of Approval ★★★
|Overall Rating ★★|
SBI Card offers a variety of basic credit cards. The eligibility criteria for such credit cards are relatively relaxed. Some SBI Credit Cards with basic benefits are SimplySAVE, SimplyCLICK and STYLEUP Contactless Card. Among these, the SimplySave SBI Card is best suited for those customers who mostly do retail POS (Point Of Sale) shopping.
Do note that this card does not offer benefits like lounge access, golf, or even discount on movie tickets.
Key Highlights of SBI SimplySAVE Credit Card
As a sign up bonus you will get 2,000 bonus reward points worth Rs. 500. These points can be gained only if you spend Rs. 2,000 via the credit card within 60 days of card issuance. The bonus points will be credited to your account within 60 days after you spend Rs. 2,000.
You also get Rs. 100 cash back on first ATM cash withdrawal if you do it within 30 days of receiving the credit card.
Rewards Program on SBI SimplySAVE Credit Card
SBI SimplySAVE credit card offers reward points in the following manner:
- 1 Reward Point is earned per Rs. 100 spent
- 10 Reward Points are earned per Rs. 100 spent on Dining, Departmental Store spends, Movies, and Grocery spends
- 4 Reward Points are worth Re. 1
Though SBI Card claims that the rewards can be redeemed against a variety of vouchers and merchandise, a lot of SimplySAVE credit card users complain about limited options of redemption. This is because the reward redemption options also vary on the basis of card you own. Regular cards like SimplyCLICK and SimplySAVE only have limited choices as compared to premium cards like SBI ELITE and PRIME.
Fuel Surcharge Waiver on SBI SimplySave Credit Card
You can use your SimplySave SBI Card to buy fuel without having to pay the fuel surcharge. The waiver on fuel surcharge is provided to the user as long as they spend between Rs. 500 and Rs. 3,000 at a fuel station. The offer is valid only on Indian fuel stations. The maximum surcharge waiver is capped at Rs. 100 per statement cycle.
Fuel surcharge waiver has become quite a common feature on credit cards, nowadays and waiver of only Rs. 100 in a month is not very impressive.