Welcome Benefit: On spending Rs 2,000 or more in the first sixty days and users will get 2,000 reward points.
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PSB SimplySave SBI Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: On spending Rs 2,000 or more in the first sixty days and users will get 2,000 reward points.
Milestone Benefits
Cashback Rate
Users will get 10 points for every INR 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.6%.
Value of 1 point = INR 0.25.
1 reward point on all other spend per INR 150. Effective general cashback rate: 1.25%.
1 reward point on INR 100 on all other spends. Effective general cashback rate: 0.16%.
Movie Benefits
Dining Benefits
Other Benefits
Annual fee reversal on spending Rs 1,00,000 on the card.
Lounge Access
Rewards & Benefits
Welcome Benefits
Welcome Benefit: On spending Rs 2,000 or more in the first sixty days and users will get 2,000 reward points.
Milestone Benefits
Cashback Rate
Users will get 10 points for every INR 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.6%.
Value of 1 point = INR 0.25.
1 reward point on all other spend per INR 150. Effective general cashback rate: 1.25%.
1 reward point on INR 100 on all other spends. Effective general cashback rate: 0.16%.
Movie Benefits
Dining Benefits
Other Benefits
Annual fee reversal on spending Rs 1,00,000 on the card.
Lounge Access
Fees & Charges of
PSB SimplySave SBI Card
Joining Fee
INR 499 + Taxes.
Annual Fee
INR 499 + Taxes.
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500.
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment Fee
Late Payment charges: 0 to 1300
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Joining Fee
INR 499 + Taxes.
Annual Fee
INR 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).
Late Payment Fee
Late Payment charges: 0 to 1300
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
PSB SimplySave SBI Card
Special Features
Users will get 10 points for every INR 150 spent on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward point on all other spend per INR 150. Effective general cashback rate: 1.25%. 1 reward point on INR 100 on all other spends. Effective general cashback rate: 0.16%
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
PSB 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 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 Punjab and Sindh Bank branch and completing the application process:
Visit an Punjab and Sindh Bank branch: Find a nearby Punjab and Sindh Bank branch and express your interest in applying for the 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
PSB 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