SBI Simply SAVE Credit Card is a basic credit card that is best suited for everyday expenses. The card, as the name suggests, helps you earn big rewards on your daily expenses and other categories. With this credit card, you can earn higher rewards on selected categories, such as grocery, departmental store purchases, dining and movies. Read on to know more about SimplySAVE SBI Credit Card.
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Key Highlights of SBI Simply SAVE Credit Card |
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| Best Suited For | Beginners | Rewards on Everyday Expenses |
| Joining Fee | Rs. 499 |
| Annual Fee | Rs. 499 (Reversed on spending Rs. 1 lakh in a year) |
| Welcome Benefit | 2,000 bonus reward points on spending Rs. 2,000 within 60 days of card issuance |
| Best Feature | 10X reward points on dining, movies, grocery and departmental store spends |
| Paisabazaar’s Rating | ★★★ (3/5) |
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SBI Simply SAVE credit card benefits fall under multiple categories, such as dining, movies, grocery, fuel and more. You can earn reward points on every purchase via this SBI Credit Card and later redeem them at a value of 4 reward points = Re. 1. Here are all the SBI Simply SAVE Credit Card benefits:
This credit card lets you earn up to 10X reward points on your purchases at selected categories. Below mentioned are the details regarding the same:
SBI Simply SAVE Credit Card also offers other benefits, such as bonus reward points, fuel surcharge waiver and annual fee waiver. Here are all the details regarding the same:
Welcome Benefit: 2,000 reward points on spending Rs. 2,000 within 60 days of card issuance.
Fuel Surcharge Waiver: 1% fuel surcharge waiver on your transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India. You can avail a maximum waiver of Rs. 100 per statement cycle.
Annual Fee Reversal: Annual membership fee reversal from the second year on spending Rs. 1 lakh in the previous year.
Below mentioned are the fees and charges applicable to Simply SAVE Credit Card SBI:
| Type of Fee/ Charge | Amount |
| Joining Fee | Rs. 499 |
| Annual/ Renewal Fee | Rs. 499 (Reversed on spending Rs. 1 lakh in a year) |
| Finance Charges | 3.50% p.m. (42% p.a.) |
| Late Payment Fee* | For Statement Balance:
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Click here to check other associated fees and charges.
*An additional Late Payment Charge of Rs. 100 will be levied on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be levied for every payment cycle until the MAD is cleared.
The applicant must fulfill the below-mentioned SBI Credit Card eligibility criteria to apply for the same:
| Criteria | Details |
|---|---|
| Age Requirement | 21 to 70 years |
| Occupation | Salaried or Self-employed |
| Documents Required | Click here for the list of documents |
| Serviceable Cities | Click here for the list of eligible cities |
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SBI Simply SAVE Credit Card is a good option for people who are looking for a basic card with a low annual fee. The card comes with an annual fee of Rs. 499, which can be reversed on spending Rs. 1 lakh in a year. This credit card also lets you earn reward points on every transaction. Overall, you can apply for this credit card if:
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Confused about whether you should apply for this credit card or not? Read our detailed SBI Simply SAVE Credit Card review. |
Here are some of the credit cards that offer benefits similar to Simply SAVE Credit Card SBI:
| Credit Card | Annual Fee | Comparative Features |
| SBI SimplyCLICK Credit Card | Rs. 499 | 10 reward points per Rs. 100 spent on online transactions at select partners |
| Standard Chartered Super Value Titanium Credit Card | Rs. 750 | 1 reward point for every Rs. 150 spent |
| HDFC MoneyBack Credit Card | Rs. 500 | 4 reward points per Rs. 150 spent online |
| HSBC Smart Value Credit Card | Nil | 3 reward points per Rs. 100 spent online, dining, or telecom categories |
| Standard Chartered Platinum Rewards Credit Card | Rs. 250 | 5 reward points for every Rs. 150 spent at partner dining restaurants |
Q. How can I apply for SBI Simply SAVE Credit Card?
A. You can apply for Simply SAVE Credit Card SBI through Paisabazaar, all you need to do is fill out an application form and submit the relevant documents. You can click here to apply for this credit card through our platform. Besides this, you can also apply for this credit card through s official website of SBI Card or by visiting the bank’s nearest branch.
Q. How can I redeem reward points on my SBI Simply SAVE Credit Card?
A. You can redeem SBI Credit Card reward points through online and offline modes. To redeem your reward points online, you can download the SBI Card mobile app or visit the internet banking portal of the bank. Apart from this, you can also call on the customer care number and the executive will help you with the redemption process.
Q. Can I avail fuel surcharge waiver on every transaction via SBI Simply SAVE Credit Card?
A. No, you can avail fuel surcharge waiver on your transactions between Rs. 500 to Rs 3,000 across any petrol pump in India. Also, you can avail a maximum waiver of Rs. 100 per statement cycle.
Q. Does SBI Simply SAVE Credit Card attract charges for cash withdrawal?
A. Yes, the bank charges a cash advance fee of 2.5% of the withdrawn amount or a minimum of Rs. 500 for withdrawing cash via credit card. Therefore, it is advisable not to withdraw cash through a credit card as it comes with higher charges and can also negatively impact your credit score.
Q. What is the interest-free grace period offered on SBI Simply SAVE Credit Card?
A. The interest-free credit period offered on SBI SimplySAVE Credit Card ranges from 20 to 50 days, depending on claims submitted by the merchant.
Q. How can I pay my SBI Simply SAVE Credit Card bill?
A. You can pay your credit card bill through online as well as offline methods. The online payment options include NEFT, electronic bill payment, National Automated Clearing House (NACH), Visa credit card pay, pay via debit card etc. You can pay the credit card bill offline by cash, cheque, demand draft and SBI ATM.
Q. Does SBI Simply SAVE Credit Card offer airport lounge access?
A. No, SBI SimplySAVE Credit Card does not offer any airport lounge access facility to the cardholders.
Q. What is SBI Simply SAVE Credit Card interest rate?
A. The current finance charges are up to 3.50% p.m i.e 42% annually. The charges are applicable from the transaction date and are subject to change as per the discretion of SBI Cards and Payment Services Limites (SBISPSL).
Q. How can I check my SBI Simply SAVE Credit Card limit?
A. Both total credit limit and available credit limit can be seen via the SBI Card app.
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