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SimplySave Advantage SBI Card
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user will get 2,000 reward points.
Milestone Benefits
Cashback Rate
Users will get 10 points on spending of every INR 150 on dining, movies, departmental stores and grocery spends. Effective cashback rate: 1.6%
Value of 1 point = INR 0.25.
1 reward point for 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
Joining Fee
(one time): INR 499 + Taxes.
Annual Fee
INR 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
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
3.5
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Cons
Low general cashback rate.
No free movies.
No free airport lounge visits.
Reward System: Users will get 10 points on spending of every INR 150 on dining, movies, departmental stores and grocery spends. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward point on all other spending per INR 150. Effective general cashback rate: 1.25%. 1 reward point for INR 100 on all other spends. Effective general cashback rate: 0.16%
Annual fee reversal on spending INR 1,00,000 on the card.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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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
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 Advantage 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 SBI branch and completing the application process:
Visit an SBI branch: Find a nearby SBI branch and express your interest in applying for the SimplySave Advantage 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
Recommended Credit Cards
Pros:-
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Cons:-
Reward System: Users will get 10 points on spending of every INR 150 on dining, movies, departmental stores and grocery spends. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward point on all other spending per INR 150. Effective general cashback rate: 1.25%. 1 reward point for INR 100 on all other spends. Effective general cashback rate: 0.16%
Annual fee reversal on spending INR 1,00,000 on the card.
Low general cashback rate.
No free movies.
No free airport lounge visits.
The USP of the card is 1.% cashback on dining, movies, departmental stores and grocery spends. Otherwise the card does not offer much. This card should only be applied for if you are not eligible for better credit cards.
The USP of the card is 1.% cashback on dining, movies, departmental stores and grocery spends. Otherwise the card does not offer much. This card should only be applied for if you are not eligible for better 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
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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