SimplySAVE SBI Card
The SBI SimplySAVE Credit Card offers accelerated rewards on everyday spending, such as groceries, dining, movies, and fuel, with fuel surcharge waiver and annual fee reversal. The card comes at an annual fee and renewal fee of Rs.499.
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10x Rewards On Everyday Purchases
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Fee Details
- 1st Year - ₹ 499 + Taxes
- 2nd Year Onwards - ₹ 499 + Taxes (Reversible if annual spends > ₹1 lakh)
Joining Perks
- 2,000 bonus points on spends of ₹2,000 in 60 days
Rewards
- Dining, movies, grocery & department stores: ₹150 = 10 points
- Others: ₹150 = 1 point
Documents
- PAN card
- Aadhaar number
- Credit Card statement (if applicable)
What you'll love
Maximum savings on everyday purchases with up to 10x reward points on spends at department stores, groceries, movies, dining and more
Annual fee will be reversed from the second year onwards if you spend just ₹8,334 per month for a period of 1 year
Annual fee waiver based on yearly spends
1% fuel-surcharge waiver at petrol bunks on transactions between ₹500 & ₹3,000,up to ₹100 per statement cycle
1 reward point = ₹0.25
Balance transfer facility available (T&C apply)
Visa Offer: Amazon Pay/Swiggy/Zomato voucher of up to ₹750 on activating new card with min. transaction of ₹300*
Think about
*Limited validity. T&C apply
The SimplySAVE credit card offered by State Bank of India is designed for frequent shoppers. The card offers various benefits like a welcome bonus of 2000 bonus points worth on your first spending of Rs.2000 spent within 60 days, 10X reward points on daily essentials like groceries, dining, and movies. The card also offers an annual fee waiver on spending Rs.1 lakh or more in the previous year.
Key Highlights of SBI SimplySAVE Credit Card
The SBI SimplySAVE credit card is an entry-level card from SBI Cards tailored for everyday spending. The key highlights of the card are:
- This card rewards common purchases such as groceries, restaurants, movies, and department stores.
- Earns reward points on purchases such as dining, groceries, movies and departmental stores
- Includes a welcome bonus on meeting the initial spending condition
- Offers renewal fee reversal on achieving required annual spend in a membership year
- Accepted widely at merchant outlets in India and internationally
- Supports standard features like contactless payments and EMI conversion for eligible spends
Benefits of SBI SimplySAVE Credit Card
The advantages of SBI SimplySAVE Credit Card are as follows:
- Welcome Bonus: You will get 2000 rewards points when you spend Rs. 2000 or more within two months of getting your card.
- Fuel Surcharge Waiver: If you make a fuel purchase of Rs.500 to Rs.3000, you will receive a 1% discount on that amount after they process your next monthly statement. They have set limits for fuel charge waivers according to their policies.
- Annual Fee Waiver: If the card holder spends Rs.1,00,000 or more in one year (starting year two), they will not have to pay the annual fee.
- Wide Acceptance: You can use the card at merchant locations around the world. The card is accepted at more than 24 million merchant outlets worldwide, including over 3.25 lakh outlets in India.
SBI SimplySAVE Credit Card- Rewards
The table below summarizes the rewards of the SBI SimplySAVE credit card:
Reward Type | Details |
Category-Based Reward Earnings | You earn 10 Reward Points for every Rs.150 spent on selected categories including dining, movies, groceries, and departmental stores, making it more rewarding for everyday lifestyle spending. For all other purchases, you earn 1 Reward Point per Rs.150 spent. |
Reward Point Accumulation | Reward Points are credited to your SBI Card account as you spend. These points accumulate over time and can be tracked through SBI Card statements or the mobile app. |
Welcome Reward | You receive 2,000 bonus Reward Points when you spend Rs.2,000 or more within 60 days of card issuance. This acts as a joining incentive for new users. |
Reward Redemption - Catalogue | Accumulated Reward Points can be redeemed against a wide range of gifts, vouchers, and merchandise available in the SBI Card rewards catalogue. The redemption value depends on the selected item. |
Reward Redemption - Statement Credit | Reward Points can also be used to offset your outstanding credit card balance, giving flexibility in how you utilise your rewards. |
Reward Validity | Reward Points typically have a validity period as per SBI Card terms and conditions and must be redeemed before expiry; otherwise, they may lapse. |
Spending Focus Advantage | The reward structure is designed to give higher returns on frequent everyday spending categories, while still offering base rewards on all other transactions. |
Features of SBI SimplySAVE Credit Card
The following are the major features of SBI SimplySAVE Credit Card:
- Contactless Payments: You will be able to make contactless transactions by tapping your card against the terminal.
- Add-on Cards: You can request an add-on card for your family members over the age of 18 years and use the primary credit card limit.
- Balance Transfer on EMI: You can transfer any dues from other credit cards to this card on an EMI (equal monthly instalment) basis.
- Flexipay: Any eligible transaction over Rs. 2500 is eligible to be converted to EMI.
- Utility Bill Payment: You can pay your utility bill for telephone, electricity and mobile services using the Easy Bill Payment facility.
- Cash Advance Facility: You may also use your card at a Visa or Mastercard ATM to withdraw cash around the world (fees will apply).
Fees and Charges Associated with SimplySAVE SBI Card
The fees and charges applicable on SimplySAVE SBI card are mentioned in the table below:
Type of Charge | Fee |
Annual fee | Rs.499 |
Renewal fee | Rs.499 |
Add-on fee | Nil |
Finance charge | Up to 3.75% per month (45% per annum) |
Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs | 2.5% of the transaction amount or Rs. 500 (whichever is higher) |
Cash payment fee | Rs.250 plus applicable taxes |
Overlimit | 2.5% of overlimit amount or Rs.600 (whichever is higher) |
Late payment |
|
Foreign currency transaction fee | 3.50% |
Payment dishonor fee | 2% of the amount (minimum of Rs.500) |
Cheque payment fee | Rs.200 |
Card replacement | Rs.100 to Rs.250 |
Rewards redemption fee |
|
Eligibility Criteria
To apply for any SBI credit card, the customers must meet certain eligibility requirements as per the bank policy. To apply for SimplySAVE SBI credit card, you need to fulfill the below mentioned eligibility criteria:
- The age of the applicant should be between 21 to 70 years.
- Applicants can either be salaried or self-employed.
- You must have a good credit score.
- Applicants should have a regular source of income.
Documents Required to Apply for SimplySAVE SBI Credit Card
The bank requires specific documents based on your profession. You should keep the following ready for a smooth application process.
- Identity Proof: You can submit a PAN Card, Aadhaar Card, or Voter ID. A Passport or Driving License is also accepted.
- Address Proof: You must provide a Utility Bill like electricity or telephone. You can also use a Ration Card or Aadhaar Card. Income Proof for Salaried: You need to show the latest Salary Slips. The bank also asks for the last 3 months' Bank Statement.
- Income Proof for Self-Employed: You must provide the latest Income Tax Returns. You also need to submit a Business Proof document.
- Photographs: You should have 2 recent passport-sized color photographs.
The bank verifies these documents to check your repayment capacity. You must ensure that the name on your PAN card matches your bank records.
KYC documents, such as:
- Letter issued by the National Population Register containing details of name and address
- Passport (both sides)
- Copy of masked Aadhaar or Virtual ID card
- Voter ID Card (both sides)
- Driving License (both sides)
- NREGA Card
How to Apply for SimplySAVE SBI Card Online?
You can visit SBI Cards official website to apply for SimplySAVE Credit Card online. Steps to apply for SBI SimplySAVE Credit Card are:
- Step 1: Open the official application page for the SimplySAVE SBI Card on the website of SBI.
- Step 2: Select the card type and choose your preferred network.
- Step 3: Enter your personal details including full name, mobile number, city, PAN and date of birth.
- Step 4: Fill in your professional details including occupation, designation and company name.
- Step 5: Provide your KYC details including residential address and PIN code.
- Step 6: Review all information carefully to ensure accuracy.
- Step 7: Submit the application and complete any OTP or verification steps.
- Step 8: Wait for verification and approval.
FAQs on SimplySAVE SBI Card
- What is the difference between SBI SimplySAVE Credit Card and SimplyCLICK Credit Card?
The SBI SimplySAVE Credit Card is tailored for everyday in-store purchases, including dining, movies, groceries, and more. On the other hand, the SimplyCLICK Credit Card is specifically designed for online shopping, with most of its features and benefits centered around enhancing the online shopping experience.
- Can my family members use the card simultaneously?
Your immediate family members, above 18 years of age, can apply for an add-on credit card which have similar features as that of your card.
- Am I allowed to transfer any outstanding balances on other credit cards to my SimplySAVE SBI Card?
Yes, you can use the SBI SimplySAVE Credit Card for transferring your outstanding balance from any other credit card with their balance transfer facility.
- Will the SBI SimplySAVE Credit Card be accepted outside India?
Yes, the SBI SimplySAVE Credit Card will be accepted overseas and charges a foreign currency markup fee of 3.50%. Please note that this card will not be accepted in Nepal and Bhutan.
- How do I redeem the reward points on my SBI SimplySAVE Credit Card?
You can easily redeem your reward points through online and offline methods. Visit the SBI website to learn more about redeeming your reward points.
- Is there an annual fee for the card?
Yes, the card has an annual fee of Rs.499, which can be waived on spending Rs.1 lakh in a year.
- What are the fuel benefits of SBI SimplySAVE credit card?
SBI SimplySAVE credit card offers fuel surcharge waiver on fuel transactions between Rs.500 to Rs.3000 on any petrol pumps within the country. The maximum surcharge waiver offered is Rs.100 per statement cycle.
- Do my reward points earned on the SimplySAVE SBI Card expire?
Yes, the reward points you earn have a limited lifespan. These points are valid for a period of 24 months from the date they are added to your account. If you do not use them within 2 years, they will expire and you will not be able to redeem them for gifts or statement credit. You can track the expiry dates of your points on your monthly credit card statement or through the SBI Card mobile app.
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