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South Indian Bank SimplySave SBI Card

South Indian Bank SimplySave SBI Card

 Card Details
Joining Fee: 

Renewal Fee: 

Card Type:

Reward Type:

Welcome Benefits:
0

Rewards & Benefits

Welcome Benefits

 On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.

Milestone Benefits

annual fee reversal on spending inr 1,00,000 on the card.

Cashback Rate

cashback rate: 1. cashback rate: 1. cashback rate: 0.

Lounge Access

0

Movie Benefits

8

Dining Benefits

Other 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 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.

Cons
  • Low general cashback rate.

  • No free movies. 

  • No free airport lounge visits.

  • Welcome Benefit: If the user spends INR 2,000 or more in the first sixty days then they will get 2,000 reward points.

  • Reward System: Users will get 10 reward points on spending every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward points on all other spends 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%

  • Annual fee reversal on spending INR 1,00,000 on the card.

Rewards & Benifits
Welcome Benefits

If the user spends INR 2,000 or more in the first sixty days then you will get 2,000 reward points.

Rewards System

Users will get 10 reward points on spending every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward points on all other spends 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%

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

Reward System: Users will get 10 reward points on spending every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward points on all other spends 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.

Benefits

Card gives cashback on dining, movies, departmental stores and grocery spends.

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 South Indian Bank 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 South Indian Bank branch and completing the application process:

  • Visit an  South Indian Bank branch: Find a nearby  South Indian Bank branch and express your interest in applying for the South Indian Bank 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

Recommended Credit Cards

Pros:-

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Cons:-

  • Welcome Benefit: If the user spends INR 2,000 or more in the first sixty days then they will get 2,000 reward points.

  • Reward System: Users will get 10 reward points on spending every INR 150 on dining, movies, departmental stores and grocery spending. Value of 1 point = INR 0.25. Effective cashback rate: 1.6%. 1 reward points on all other spends 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%

  • 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 card has very little to offer, it has a low cashback rate and limited value add benefits. This card should be availed only if your cibil score is not eligible for other cards.

South Indian Bank SimplySave SBI Card Review

Abhijeet Saxena

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
  • Annual Fee (one time): INR 499 + Taxes.

  • Renewal Fee (per annum): INR 499 + Taxes.

  • Cash Advance fees: 2.5% or Rs. 500 

  • Interest Rate: Up to 3.50% per month (42% per annum).

  • Late Payment charges: 0 to 1300

  • Reward Redemption Fees: INR 99/- per redemption. 

Fuel Surcharge

1% Fuel surcharge waiver for each transaction between INR 500 and INR 4,000. Maximum Surcharge waiver of INR 100 per statement cycle, per credit card account.

Billing Cycle

30 days.

Fees & Charges
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