SBI Simply SAVE credit card is among the best credit card suited for beginner. This card is very much useful for a frequent shopper. Get decent reward points on fuel, shopping and dinning.
Key Highlights
Bonus Rewards- 2000 bonus reward points on spending Rs. 2,000 in first 60 days of card issuance
Annual Fee Reversal- Spend Rs. 1 lakh or more in a year to avail annual fee reversal in the next year
Rewards- 1 Reward Point on every Rs. 100 spent, 10X more reward points on Dining, Movies, Departmental Stores and Grocery Spends (4 Reward Points = Re. 1)
Fuel Surcharge Waiver- 1% fuel surcharge waiver capped at maximum Rs. 100 per statement cycle
Other SBI Card Benefits- Flexipay, Easy Bill Pay, Balance Transfer and other additional benefits
🏆Annual Fee: ₹ 499
SBI Simply Save Credit Card Fees and Charges
| Annual Fee | Rs 499 |
| Renewal Fee | Rs 499, reversed if annual spends for last year exceeds Rs 90,000 |
| Interest Free Credit Period | 20-50 days applicable only on retail purchases and if previous months’ outstanding balance is paid |
| Extended Credit Charges | Up to 3.35% per month, accounting to 40.2% per annum from the transaction |
| Extended Credit Minimum Amount Due | 5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any) |
| Cash Advance limit | Up to 80% of credit limit, with a maximum of Rs. 12,000 per day |
| Cash Advance Charges | Up to 3.35% per month, accounting to 40.2% per annum from the date of withdrawal |
| Cash Advance Fee SBI or Other Domestic ATMs | 2.5% of transaction amount, subject to a minimum of Rs. 300 |
| Cash Advance fee International ATMs | 3% of transaction amount, subject to a minimum of Rs. 300 |
| Overlimit Charges | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 |
| Rs. 100 for total amount due greater than Rs. 200 and up to Rs. 500 | |
| Rs. 400 for total amount due greater than Rs. 500 and up to Rs. 1,000 | |
| Rs. 500 for total amount due greater than Rs. 1,000 and up to Rs. 10,000 | |
| Rs. 750 for total amount due greater than Rs. 10,000 |
SBI SIMPLY Save Credit Card Eligibility & Documentation
Before applying for this credit card, you must fulfill the following eligibility criteria-
- The applicant must be more than 18 years and less than 60 years old.
- The applicant must have a stable job and regular source of income.
- He/She should be able to produce relevant documents at the time of application.
- He/She should have a decent credit score.
Following documents are accepted by SBI Card at the time of credit card application-
| 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 |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
SBI Simply Save Credit Card Benefits:
- Flexipay: This feature enables card holders to convert big-ticket purchases in smaller EMIs at no extra cost. Purchases over Rs 2,500 are eligible for this offer and the card holder can choose to convert the eligible transactions into EMIs by logging on to the website. The facility must be used within 30 days of making the purchase or as specified by the SBI.
- Utility Bill Payment Facility: One can use this card for making various utility bill payments such as electricity, phone, insurance and water at no additional cost. Moreover, one can also use the standing instructions options to pay utility bills automatically before due date.
- Easy Money Facility: This facility allows the card holder to use the available cash limit on the card to order a draft or cheque, which can be delivered to the card holder’s registered address.
- Add-on Cards: The cardholder can get add-on cards for his family members including parents, spouse, children or siblings if the person fulfills the criteria for getting a credit card.
