Welcome Benefit: On spending Rs 2,000 or more in the first sixty days, the user can get 2,000 reward points.
.png)
.webp)
Central Bank of India SimplySave SBI Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: On spending Rs 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
None.
Cashback Rate
Effective cashback rate: 1.6%.
Reward System: 10 point on spend of every INR 150 on dining, movies, departmental stores and grocery spends. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Get 1 reward points on all other spends per INR 150. Effective general cashback rate: 1.25%.
Get 1 reward point on INR 100 on all other spends. Effective general cashback rate: 0.16%; Card gives cashback on dining, movies, departmental stores and grocery spends.
Movie Benefits
Reward System: Users will get 10 points for spending of every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Dining Benefits
Reward System: Users will get 10 points for spending of every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Other Benefits
Annual fee reversal on spending Rs 1,00,000 on the card.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: On spending Rs 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
None.
Cashback Rate
Effective cashback rate: 1.6%.
Reward System: 10 point on spend of every INR 150 on dining, movies, departmental stores and grocery spends. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Get 1 reward points on all other spends per INR 150. Effective general cashback rate: 1.25%.
Get 1 reward point on INR 100 on all other spends. Effective general cashback rate: 0.16%; Card gives cashback on dining, movies, departmental stores and grocery spends.
Movie Benefits
Reward System: Users will get 10 points for spending of every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Dining Benefits
Reward System: Users will get 10 points for spending of every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%.
Other Benefits
Annual fee reversal on spending Rs 1,00,000 on the card.
Lounge Access
None.
Fees & Charges of
Central Bank of India SimplySave SBI Card
Joining Fee
NR 499 + Taxes.
Annual Fee
NR 499 + Taxes.
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs.
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Joining Fee
NR 499 + Taxes.
Annual Fee
NR 499 + Taxes.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fee and Charges of
Central Bank of India SimplySave SBI Card
Special Features
Reward System: 10 point on spend of every INR 100 on Apollo 24x7/BookMyShow/ Cleartrip/ Dominos/ Myntra/ Netmeds/ Swiggy/ Yatra. Value of 1 point = INR 0.25. Effective cashback rate: 2.5%.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits of
Central Bank of India SimplySave SBI Card
How to apply for Credit Card?
1. Online: This is the faster and more convenient method:
Visit the SBI Card website: Head to the official SBI Card website.
Navigate to the Central Bank of India SimplySave SBI Card page: Find the "Personal" category and choose "Shopping" as the sub-category.
Click "Apply Now": Look for the prominent "Apply Now" button on the card page.
Fill out the application form: Provide your personal details, income information, and KYC documents like PAN, etc.
Review and submit: Carefully review the application details.
Await decision: You'll receive an instant preliminary decision based on the information provided.
2. Offline: This method involves visiting a Central Bank Of India branch and completing the application process:
Visit an Punjab and Sindh Bank branch: Find a nearby Central Bank of India branch and express your interest in applying for the Central Bank of India SimplySave SBI Card.
Fill out the application form: A bank representative will assist you with the form and guide you through the process.
Submit the form and documents: Provide all requisite documents such as PAN, Aadhaar, and income proof along with the completed application.
Await decision: The bank will process your application and inform you about the final decision through your preferred communication channel.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure of
Central Bank of India SimplySave SBI Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
Card has low cashback rate and does not offer good value add benefits. Overall this card is suited only for individuals who have a low cibil score and are not eligible for other credit cards.
Card has low cashback rate and does not offer good value add benefits. Overall this card is suited only for individuals who have a low cibil score and are not eligible for other credit cards.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai