SBI Bank SimplySave Credit Card
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SBI Bank SimplySave Credit Card

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cat name Reward Points

Best Suited For: Beginners | Rewards on Everyday Expenses

Joining Fee: ₹499 Plus Applicable Taxes

Renewal Fee: ₹499 Plus Applicable Taxes

cat name Fuel
cat name Reward Points

Best Suited For: Beginners | Rewards on Everyday Expenses

Joining Fee: ₹499 Plus Applicable Taxes

Renewal Fee: ₹499 Plus Applicable Taxes

Best Feature:- 10X reward points on Dining, Movies, Grocery and departmental store spends

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The SBI SimplySAVE Credit Card is an entry-level card suitable for everyday spending. New cardholders get a welcome gift of 2,000 Reward Points on this card. It offers rewards on groceries, movies, dining, and departmental store purchases which can save you save on daily expenses. The annual fee of Rs. 499 can also be waived if you spend Rs. 1 lakh in a year. It’s a great option for beginners who want to earn rewards while managing their daily expenses.

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All You Need To Know

Card Type

Rewards on Everyday Expenses

Welcome Benefit
  • 2,000 Reward Points upon spending Rs. 2,000 within the first 60 days of card activation.
Rewards Program
  • 10X Reward Points on dining, movies, grocery, and departmental store purchases.
  • 1 Reward Point for every Rs. 150 spent on other categories.
  • Reward Redemption: Points can be redeemed for gift vouchers on sbicard.com or the SBI mobile app, or used to pay your card’s outstanding balance (1 Reward Point = Rs. 0.25).
Fuel Surcharge Waiver
  • Enjoy a 1% fuel surcharge waiver on fuel transactions between Rs. 500 and Rs. 3,000, across all petrol pumps in India.
  • Maximum waiver of Rs. 100 per statement cycle.
Extravaganza Offer
  • Get 2,000 Extra Reward Points worth Rs. 500 for spending Rs. 2,000 within the first 60 days of card activation.
Annual Fee Waiver
  • Annual membership fee will be waived from the second year onwards if you spend Rs. 1 lakh in the previous year.
Other Benefits
  • Maximum Savings on everyday purchases with up to 10X Reward Points on select categories like movies, dining, grocery, and departmental stores.
  • Enjoy 1 Reward Point = Rs. 0.25 when redeeming for gift vouchers or card balance payments.

SBI Bank SimplySave Credit Card Eligibility:

To be eligible for the SBI SimplySave credit card, you need to fulfill the following essentials:

  • A minimum credit score of 750 is necessary for the application.
  • The candidate should be self-employed or employed on a salary.
  • The age range of the principal applicant must fall between 18 and 70 years old.
  • An candidate must have a steady source of income.
  • A clean credit history is a must for the position.

Documents Required to Apply for the SimplySave SBI Card:

  • A driver's license, voter ID, PAN card, Aadhar card, and passport are all recognized forms of identity.
  • Acceptable documents for proving residency include passports, driver's licenses, utility bills, Aadhar cards, and ration cards.
  • The most current bank statement, pay slips, or audited financial reports are examples of income documentation.

Here are the applicable fees and charges for The SBI SimplySAVE Credit Card:

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.)
Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs 2.5% of the transaction amount or Rs. 500 (whichever is higher)
Late Payment Charges** For Statement Balance
  • Up to Rs. 500: Nil
  • Between Rs. 500 and Rs. 1,000: Rs. 400
  • Between Rs. 1,000 and Rs. 10,000: Rs. 750
  • Between Rs. 10,000 and Rs. 25,000: Rs. 950
  • Between Rs. 25,000 and Rs. 50,000: Rs. 1,100
  • Above Rs. 50,000: Rs. 1,300
Overlimit 2.5% of overlimit amount or Rs.600 (whichever is higher)
Payment dishonor fee 2% of the amount (minimum of Rs.500)
Cheque payment fee Rs.100
Statement retrieval Rs.100 per statement which is over 2 months old
Card replacement Rs.100 to Rs.250
Rewards redemption fee Rs.99 (only on cash redemption, gifts, and specific vouchers)
Overdue finance charge 3.65% per month (43.8% per annum)
Fee for increasing credit limit Rs.200 per request for increase
Network change fee Rs.200 per request for network upgrade or network downgrade

If the Minimum Amount Due (MAD) is not paid by the due date for two consecutive billing cycles, an additional late payment charge of Rs. 100 will be applied. This charge will persist and be imposed for each subsequent payment cycle until the outstanding MAD is settled.

Apply for SBI SimplySAVE Credit Card

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FAQs

Reward Points earned on the SimplySAVE Card can be redeemed via sbicard.com or the SBI Mobile App

Yes, you can pay electricity, mobile, telephone, and other bills through the EasyPay facility offered by SBI Card.

No, this card does not offer airport lounge visits.

The annual fee for SBI SimplySAVE Credit Card is Rs. 499 plus applicable taxes.

The applicable interest rate is 3.5% per month.

Yes, you can get add on cards for your immediate family members above 18 years of age. There is no fee charged on add-on card.

Yes, you can transfer the outstanding balance from another credit card to your SBI SimplySAVE Credit Card.

Yes, this card is accepted internationally except Nepal and Bhutan.

Yes, reward points expire after 2 years from the date of accrual.

Visit the nearest SBI branch and fill out the physical form for account closure to get your SBI SimplySAVE Credit Card canceled.

Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:

Apply for SBI SimplySAVE Credit Card MybankingTips

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