Welcome Benefit: If the user spends Rs 2,000 or more in the first 60 days of receiving the card then he will get 2,000 bonus reward points.
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South Indian Bank SimplySave SBI Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: If the user spends Rs 2,000 or more in the first 60 days of receiving the card then he will get 2,000 bonus reward points.
Milestone Benefits
None.
Cashback Rate
1 RP = 0.25 Paise.
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Users will earn 1 reward point per Rs. 150 spent on all other spends. Effective cashback rate: 0.16%.
Movie Benefits
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Dining Benefits
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Other Benefits
To avail fee reversal, the user needs to have spent Rs 1,00,000 or more in the previous year. Customers can even convert their transactions into easy monthly instalments.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: If the user spends Rs 2,000 or more in the first 60 days of receiving the card then he will get 2,000 bonus reward points.
Milestone Benefits
None.
Cashback Rate
1 RP = 0.25 Paise.
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Users will earn 1 reward point per Rs. 150 spent on all other spends. Effective cashback rate: 0.16%.
Movie Benefits
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Dining Benefits
Users will enjoy 10 reward points per Rs. 150 spent on dining, movies, departmental stores and grocery spending. Effective cashback rate: 1.66%.
Other Benefits
To avail fee reversal, the user needs to have spent Rs 1,00,000 or more in the previous year. Customers can even convert their transactions into easy monthly instalments.
Lounge Access
None.
Fees & Charges of
South Indian Bank SimplySave SBI Card
Joining Fee
Rs. 499
Annual Fee
Rs. 499
Cash Advance Fee
Cash advance fee -A transaction fee of 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs will be levied Cash Payment fees- Rs.199 + all applicable taxes
Interest rate
upto 3.50% per month
[42% per annum]
Late Payment Fee
Late Payment charges- charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1300 Over-limit fee of 2.5 % of the over-limit amount or Rs. 600, whichever is higher will be levied.
Foreign Currency Transactions Fee
Foreign Currency Transaction Markup Fees- 3.5%.
Other Fees
Joining Fee
Rs. 499
Annual Fee
Rs. 499
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
upto 3.50% per month
[42% per annum]
Late Payment Fee
Late Payment charges- charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1300 Over-limit fee of 2.5 % of the over-limit amount or Rs. 600, whichever is higher will be levied.
Foreign Currency Transactions Fee
Foreign Currency Transaction Markup Fees- 3.5%.
Other Fees
Fee and Charges of
South Indian Bank SimplySave SBI Card
Special Features
Customers can also enjoy complete fuel freedom.
Eligibility Criteria
Must be from 21 to 70 years of age.
Good credit score preferably above 750.
Speical Feature, Eligibility and Benefits of
South Indian Bank SimplySave SBI Card
How to apply for Credit Card?
Eligibility:Indian residents between 18 and 65 years old.
Minimum annual income of Rs. 3 lakhs for salaried individuals and Rs. 5 lakhs for professionals.
Documents Required:KYC documents: PAN Card, Aadhaar Card, address proof.
Income proof: Salary slips/IT returns for past 2 years.
Application Channels:Apply online through the South Indian Bank or SBI Card website.
Visit your nearest South Indian Bank branch.
Contact Details
Customercare@sbicard.com
1860 180 1290/1860 500 1290
or 39 02 02 02 (prefix local STD code)
Account Opening and Procedure of
South Indian Bank SimplySave SBI Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The South Indian Bank SimplySave SBI Card offers decent rewards on specific categories, fuel surcharge waiver, and other useful features like add-on cards and bill payment. However, the annual fee, lower base reward rate, high interest rate, and conditional fee reversal require careful consideration. If you mainly spend on categories with accelerated points and utilize the fuel surcharge waiver frequently, it could be a good choice. However, for broader reward options, lower interest rates, or automatic fee waivers, exploring other cards might be advisable.
The South Indian Bank SimplySave SBI Card offers decent rewards on specific categories, fuel surcharge waiver, and other useful features like add-on cards and bill payment. However, the annual fee, lower base reward rate, high interest rate, and conditional fee reversal require careful consideration. If you mainly spend on categories with accelerated points and utilize the fuel surcharge waiver frequently, it could be a good choice. However, for broader reward options, lower interest rates, or automatic fee waivers, exploring other cards might be advisable.
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