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Karnataka Bank Simplysave SBI Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will earn 1 reward point for every INR 150 spent except for spending on fuel, insurance, utilities and cash transactions.
The value of 1 reward point is INR 0.25.
General Cashback Rate: 0.16%.
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Movie Benefits
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Dining Benefits
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Other Benefits
Customers can also convert their spending into easy monthly instalments with the Flexi pay privilege.
2 add-on cards at no additional cost.
1% fuel surcharge waiver at all petrol pumps.
On an annual spending of INR 90,000, the annual fee will be waived.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will earn 1 reward point for every INR 150 spent except for spending on fuel, insurance, utilities and cash transactions.
The value of 1 reward point is INR 0.25.
General Cashback Rate: 0.16%.
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Movie Benefits
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Dining Benefits
10 reward points for every INR 150 spent on movies, dining, grocery & departmental stores.
Special Cashback Rate: 1.66%.
Other Benefits
Customers can also convert their spending into easy monthly instalments with the Flexi pay privilege.
2 add-on cards at no additional cost.
1% fuel surcharge waiver at all petrol pumps.
On an annual spending of INR 90,000, the annual fee will be waived.
Lounge Access
None.
Fees & Charges of
Karnataka Bank Simplysave SBI Card
Joining Fee
499+ taxes
Annual Fee
499+ taxes
Cash Advance Fee
Cash advance fee: 2.5% per month from date of withdrawal
Interest rate
Interest Rates: 3.50% per month [42% per annum]
Late Payment Fee
Late Payment Charges: NIL foe Rs.0-Rs.500 Rs.400 for Rs.500 & up to Rs.1,000 Rs.750 for Rs.1,000 & upto Rs.10,000 Rs.950 for Rs.10,000 & upto Rs.25,000 Rs.1,100 for Rs.25,000 upto Rs.50,000
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Reward Redemption Fees: NIL
Joining Fee
499+ taxes
Annual Fee
499+ taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 3.50% per month [42% per annum]
Late Payment Fee
Late Payment Charges: NIL foe Rs.0-Rs.500 Rs.400 for Rs.500 & up to Rs.1,000 Rs.750 for Rs.1,000 & upto Rs.10,000 Rs.950 for Rs.10,000 & upto Rs.25,000 Rs.1,100 for Rs.25,000 upto Rs.50,000
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Reward Redemption Fees: NIL
Fee and Charges of
Karnataka Bank Simplysave SBI Card
Special Features
Simply SMS Service provided to know about the details of the card Like Balance enquiry Available credit and cash limit Block lost or stolen cards Last payment status Reward points summary Subscribe to e-statements
Eligibility Criteria
resident of India.
Minimum age of 21 years.
Minimum annual income of Rs. 3 lakhs.
Must have a good credit history.
Speical Feature, Eligibility and Benefits of
Karnataka Bank Simplysave SBI Card
How to apply for Credit Card?
To apply for a Karnataka Bank SimplySAVE SBI Card, you can follow these steps:
Online Visit the Karnataka Bank website or the SBI Card website. Click on the "Apply Now" button for the Karnataka Bank SimplySAVE SBI Card.
Fill in the online application form and submit it.
A bank representative will contact you to complete the process.
Documents required KYC documents (proof of identity, proof of address, and proof of signature) Income proof (such as income tax returns, Form 16, or bank statements)
Contact Details
Customer Care Number. 1800 425 1444 (Toll free). 1800 572 8031 (Toll free).
Account Opening and Procedure of
Karnataka Bank Simplysave SBI Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The Karnataka Bank SimplySAVE SBI Card is a decent option for value-conscious individuals who primarily spend on dining, movies, groceries, and occasional fuel transactions. It offers a welcome gift, decent reward rates on these categories, fuel surcharge waiver, and basic card benefits. However, the average reward rate, limited redemption options, and low fuel waiver cap might not be suitable for high spenders or those seeking maximum value and flexibility.
The Karnataka Bank SimplySAVE SBI Card is a decent option for value-conscious individuals who primarily spend on dining, movies, groceries, and occasional fuel transactions. It offers a welcome gift, decent reward rates on these categories, fuel surcharge waiver, and basic card benefits. However, the average reward rate, limited redemption options, and low fuel waiver cap might not be suitable for high spenders or those seeking maximum value and flexibility.
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