SBI Simply Save credit card - Features, Benefits & Charges

SBI SimplySAVE Credit Card (4.6)

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If you're searching for a credit card that offers rewards for your daily expenses, the SBI SimplySAVE Credit Card can be a decent fit for you! This card provides a range of benefits, including 10 Reward Points for every ₹150 spent on dining, movies, departmental stores and grocery shopping, and 1 Reward Point for all other expenditures, giving you a reward rate of 0.7% to 1.7%. Additionally, it has a joining and annual fee of ₹499. Keep reading to learn more about this card. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • ₹100 cashback on the first ATM withdrawal within the first 30 days.
  • 2000 Bonus Points on spends of ₹2000 within the first 60 days.
Reward Points
  • Users earn 10 Reward Points on ₹150 spent on particular categories.
  • 1 Reward Point on spending ₹150 on other categories using the card.
  • Reward Rate: 0.7% to 1.7%

Note: These Categories include Dining, Movies, Groceries & Departmental Stores. 

Fuel Surcharge

1% fuel surcharge waiver on transactions between ₹500 and ₹3,000.

Note: Maximum waiver up to ₹100 per statement cycle.

EMI Benefit

Converts all purchases of more than ₹2,500 into Easy EMI via Flexipay.

Other Benefit
  • Complimentary add-on credit card.
  • Annual fee reversal from the 2nd year onwards.

Note: Applicable on spend of ₹1 Lakh or more in the previous year.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹499

Annual Fee

₹499

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.50%

Cash Advance Limit

80%

Card Replacement Fee

₹100

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.25
Late Payment Charges

Balance from ₹0 to ₹500

₹ 0

Balance from ₹500 to ₹1000

₹ 400

Balance from ₹1000 to ₹10000

₹ 750

Balance from ₹10000 to ₹25000

₹ 950

Balance from ₹25000 to ₹50000

₹ 1100

Balance more than ₹50000

₹ 1300
Pros

Aspects that make this credit card amazing.

  1. The card gives a 1% Fuel Surcharge Waiver on all petrol pumps.
  2. It offers a complimentary add-on card.
  3. Reward points on all transactions.
  4. It allows users to convert big spends into EMI.
Cons

Aspects this credit card lacks.

  1. No reward points on fuel transactions.
  2. No complimentary airport lounge access.
  3. Reward redemption requests are subject to a charge.
SBI SimplySAVE Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(4)

Rewards

(4)

Customer Service

(3.5)

SBI Simply Save Credit Card Review

SBI Simply Save Credit Card comes with basic yet interesting offers. One such offer is the choice of converting major transactions into easy EMI options. It also allows users to opt for a complimentary add-on card as well. Moreover, the SBI Simply Save Credit Card offers users to save on shopping and daily transactions in the form of reward points and surcharge waivers, and other exclusive benefits. But a  reward redemption fee is levied on every redemption request.  Additionally, some common benefits like free airport lounge access seem to be missing on this card.

Overview

Best for Everyday Usage
Joining Fee ₹499
Annual Fee ₹499
Welcome Benefits 2,000 Bonus Points on spends of ₹2,000
Card Network Visa

Note: Annual fee is reversed on spending ₹1 lakh in a year.

Who should get the SBI Simply Save Credit Card?

SBI Simply Save Credit Card is best suited for people looking for a basic credit card with a low annual fee but don’t want to miss on rewards and benefits such as savings on fuel and daily utilities. It also comes with lifestyle benefits like rewards for movies and dining.
This card is a good option for users who want to avail of such benefits without a high annual fee.

Reward Points

With this SBI Simply Save Credit Card, users can earn up to 10X reward points on purchases under selected categories.

Categories Reward Points
Special Categories 10 pts.
Other Categories 1 pt.

Note: Special Categories include Dining, Movies, Groceries & Departmental Stores.

How to apply for SBI Simply Save Credit Card?

The application process for the SBI Simply Save Credit Card can be carried out online as well as offline. For the offline process, simply visit the nearest branch with all the required documents and fill in the physical application form. On the other hand, for the online process, follow the below-mentioned steps: 

  • Visit the SBI Card Website and click on “Credit Card”.
  • The SBI Simply Save Credit Card will be listed under the “shopping” category.
  • Click on “Apply Now” and start the application process.
  • Fill in all the required details and upload all the necessary documents to complete the process.

SBI Simply Save Credit Card Eligibility

Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
SBI Card Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

SBI Card

SBI Card Credit Card Customer Care Number:

1800 425 3800

SBI Card Card Offers:

View Offers

Total Cards:

1,84,76,875
SBI Card Credit Card News
30 Oct 2023, Monday
1. State Bank of India Card (SBI Card) has announced its plans to introduce a fresh array of shopping credit cards in partnership with Reliance Industries.

According to reports, the upcoming credit card offering from Mukesh Ambani, Asia's richest man, is expected to be named 'Reliance SBI Card'. The new credit card is set to provide customers with a host of "exclusive" benefits that are designed to enhance their shopping experience.

It is launching two credit cards in collaboration with Reliance. The first one is called Reliance SBI Card and has a joining fee of Rs. 499. It offers basics such as discounts on shopping with Reliance Brands. The second one is called Reliance SBI Card Prime and has a joining fee of Rs. 2999. It offers more benefits such as complimentary lounge access along with discounts on Reliance Brands. SBI Card will release more information about these cards when they are launched officially.

15 Oct 2023, Sunday
2. Earn Rs. 250 Amazon voucher when you connect your SBI RuPay credit card to UPI.

As part of this program, SBI RuPay credit cardholders have the opportunity to link their card with their preferred UPI app and make transactions of at least Rs 100 during the offer period, which runs from October 12, 2023, to November 11, 2023. Upon meeting this requirement, they will receive a Rs 250 Amazon Discount E-voucher that can be used for either a 3-month or 12-month Amazon Prime membership.
Each cardholder is entitled to receive only one voucher, which will be sent via email to their registered email address on or before December 31, 2023.
The E-vouchers are valid until April 30, 2024, and can be used to extend Amazon Prime memberships by up to 12 months, with a limit of one extension per customer. 

22 Apr 2023, Saturday
3. SBI beats peers in new cards added for February

SBI and Axis Bank are leading the credit card market in terms of new cards added for the month of February. Axis Bank, with the new found customer base of Citi Bank showed a growth of 11.7%. In terms of new customers, the number stood at 2,00,000 new cards issued.

SBI on the other hand, singlehandedly lead the race with a growth of 19.8% for the same period, adding 3,00,000 new cards issued by the legacy bank.

The two leaders were followed by ICICI Bank, and Kotak Mahindra Bank with 80,000 additions. HDFC Bank trailed the top 5 list with only 60,000 cards added to its existing numbers.

11 Apr 2023, Tuesday
4. SBI Card revises cashback benefits on service

Starting 1st May 2023, SBI will revise some of its cashback and discount services. Under the revision, the domestic airport lounge services will be discontinued. Apart from these, cashback on services like jewellery, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others will also be axed. The bank will also be setting a limit on cashback that can be availed through online and offline transactions to Rs 5,000 per statement cycle. These changes come after SBI cards recorded the highest new card issuances at 3,00,000 in February. Yet, SBI also experienced a 7% month-on-month reduction in credit card spending.

SBI SimplySAVE Customer Reviews

Overall Rating

2

Based on 1 reviews

Rating Summary

5
0%
4
0%
3
0%
2
100%
1
0%

Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

Frequently Asked Questions

Yes, the bank charges a cash advance fee of 2.5% of the withdrawn amount, with a minimum of Rs.500, when using a credit card to withdraw cash. As a result, it is best not to withdraw cash using a credit card, as this incurs higher fees and can have a negative impact on your credit score.

Yes, the SBI Simply SAVE Credit Card reward points you earn will expire after two years. This means that if you do not use your points within two years of earning them, they will expire and be forfeited.

 

No, the SBI Simply SAVE Credit Card does not provide cardholders with access to airport lounges. However, this card does offer some great benefits to its customers, such as cashback rewards on select purchases and exclusive discounts at partner stores 

Yes, the SBI Simply SAVE Credit Card is accepted internationally. This means that while traveling abroad, SBI Simply SAVE Credit Card users can make purchases at any merchant that accepts major credit cards.

Your credit card can be used to redeem reward points in the following ways: You can redeem your reward points for gift vouchers via net banking. You can also select a gift from the rewards catalog, which will be delivered to you within 15-30 days. You can also contact their customer service team or write to them at SBIcard.com/email to redeem your reward points for cash.

The interest-free credit period on the SBI Simply SAVE Credit Card ranges from 20 to 50 days, depending on the merchant's claims. Customers can benefit greatly from this because it allows them to pay their bills without incurring any additional interest charges and save money on their credit card expenses.

Current finance charges can reach 3.50% per month, or 42% per year. The charges are effective as of the transaction date and are subject to change at SBI Cards and Payment Services Limites' discretion. Every month, the customer must pay these charges along with their credit card bill.

When you spend between Rs.500 and Rs.3,000 at any petrol station in India, you will receive a 1% discount on your fuel surcharge. Surcharges on your Simply SAVE Advantage SBI Card can be waived up to Rs.100 per statement cycle.

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