|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 and SimplyCLICK. Among these, the SBI SimplySAVE Card is best suited for those customers who prefer retail POS (Point Of Sale) shopping.
Do note that this card does not offer benefits like lounge access, golf, or even a discount on movie tickets.
Key Highlights of SBI SimplySAVE Credit Card
As a sign-up bonus, you will get 2,000 bonus points worth Rs. 500, on spending 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 can also get Rs. 100 cashback on your first ATM cash withdrawal within 30 days of card issuance.
Rewards Program on SBI SimplySAVE Credit Card
SBI SimplySAVE credit card offers reward points in the following manner:
- 10 Reward Points are earned per Rs. 150 spent on Dining, Departmental Store spends, Movies, and Grocery spends
- 1 Reward Point is earned per Rs. 150 spent on other categories
- 4 Reward Points are worth Rs. 1 i.e. 1 Reward Point is worth Rs. 0.25
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 the card you own. Regular cards like SimplyCLICK and SimplySAVE only have limited choices as compared to premium cards like SBI ELITE and SBI PRIME.
Also Read: SBI SimplyCLICK Review
Fuel Surcharge Waiver on SBI SimplySAVE Credit Card
You can use your SimplySAVE SBI Card to buy fuel without having to pay 1% of 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 the fuel station. The offer is valid only at Indian fuel stations and 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 a waiver of only Rs. 100 in a month is not very impressive.