SBI Simply Save Credit Card is a popular credit card of SBI.
It launched for those who love to shop very frequently and who spend on grocery, departmental stores, dining and movies.
Here
you can get large reward points and save shopping expenses. It provides you
various welcome benefits as well as other benefits which make this card
attractive to buy.
In the following we have explained all the details of SBI Simply Save Credit Card:
What are the features and benefits of SBI Simply Save Credit Card?
SBI
Simply Save Credit Card Features and Benefits are:
Uses
- Suited for frequent shopping
- Can earn big reward points by shopping on grocery, departmental stores, dining and movies.
Welcome Benefits
- On spending Rs.2000 within 60 days of card issuance you can earn 2000 bonus reward points.
- On first cash withdrawal within 30 days of card issuance you can get Rs.100 cashback.
Reward Points
- On every Rs.100 you earn 1 reward point.
- On spent on movies, grocery, departmental stores, dining you earn 10X reward points.
Annual Fees waiver
- Joining fee is Rs.499
- Annual fee (Renewal fees) is Rs.499 every year.
- Renewal fee can be waived off if you spend Rs.1 Lac or more in a year.
This
waiver is only for renewal fee. You have to pay joining fees of Rs.499 for the
first time.
Fuel Surcharge waiver
1%
Fuel Surcharge waiver on each transaction between Rs.500 –Rs.3000, but maximum
waiver is Rs.100 per statement cycle.
Contactless Technology
SBI
Simply Save Credit Card comes in contact less technology, so can make payment
upto Rs.2000 per transaction without credit card PIN.
Also Read: SBI SimplyCLICK Credit Card (Benefits & details review)
What are the Fees and Charges of SBI Simply Save Credit Card?
|
Joining Fees |
Rs.
499 |
|
Annual Fee (Renewal Fee) |
Rs.
499 (can be waive off it spend Rs.1 lac or more in a year) |
|
Interest Free credit Period |
20-50
days, depends upon your purchases but your last month outstanding balance
should be paid in full. |
|
Late Payment Fee |
Less
than Rs.500 – NIL Rs.500
to Rs.1000 – Rs.400 Rs.1000
to Rs.10000 – Rs. 750 Rs.10000
to Rs.25000 – Rs. 950 Rs.25000
to Rs.50000 – Rs. 1100 Above
Rs.50000 – Rs. 1300 |
|
Cash Advance Limit |
80%
of the Credit Limit (Maximum withdrawal Limit Rs.12000 per day) |
|
Cash Advance Fees (Domestic
ATMs) |
2.5%
of withdrawal or Rs.500 per transaction whichever higher |
|
Cash Advance Fees at
International ATMs |
2.5%
of withdrawal or Rs.500 per transaction whichever higher |
|
Finance Charges |
Upto
3.50% per month (i.e. 42% per year from the date of transaction) |
|
Over limit Charges |
2.5%
of over limit (Minimum Rs.600) |
|
Payment dishonor fee |
2%
of payment or Rs.500 |
|
Card replacement Charges |
Rs.100
- Rs.250 |
Also Read:
What is the eligibility for applying for an SBI Simply Save Credit Card?
SBI Simply Save Credit Card
Eligibility:
- Both salaried and self-employed can apply for SBI Simply Save Credit Card.
- For salaried people minimum income should be Rs.20,000 per month.
- For a Self-employed person minimum income should be Rs.30,000 per month.
What are the
documents required to apply for an SBI Simply Save Credit Card?
Following
are the common documents are required for applying for SBI Simply Save Credit Card:
- Identity Proof
- Address Proof
- Income Proof
- Passport size photograph
How to apply for SBI Simply Save Credit Card?
After
checking your eligibility you can apply for SBI Simply Save Credit Card online
by visiting SBI official website or visit your nearest branch of SBI.
Also Read:
Conclusion
SBI Simply Save Credit Card is
very useful for frequent shoppers. You can get huge reward points by spending
with this card and saving your shopping expenditure. It has many benefits.