Karnataka Bank SimplySAVE SBI Card
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उत्पाद विवरण
क्रेडिट कार्ड का नाम
Karnataka Bank SimplySAVE SBI Card
Bank Name :
Karnataka Bank
प्रकार
Lifestyle Credit Card
ब्याज दर
3.50% per month [42% per
annum]
पात्रता
resident of India.
Minimum age of 21 years.
Minimum annual income of Rs. 3 lakhs.
Must have a good credit history.
पेशेवरों
Reward System: Users will earn 1 reward point for every ₹150 spent except for spending on fuel, insurance, utilities and cash transactions. The value of 1 reward point is Rs. 0.25. Effective cashback ate: 0.16%m. 10 reward points for every ₹150 spent on movies, dining, grocery & departmental stores. Effective cashback rate: 1.66%.
Customers can also convert their spending into easy monthly instalments with the Flexi pay privilege.
On annual spending of ₹90,000, the annual fee will be waived.
2 add-on cards at no additional cost.
1% fuel surcharge waiver at all petrol pumps.
दोष
No welcome benefit is provided to the users.
पक्ष विपक्ष
Welcome Benefits
पुरस्कार प्रणाली
Users will earn 1 reward point for every ₹150 spent except for spending on fuel, insurance, utilities and cash transactions. The value of 1 reward point is Rs. 0.25. Effective cashback ate: 0.16%m. 10 reward points for every ₹150 spent on movies, dining, grocery & departmental stores. Effective cashback rate: 1.66%.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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.
फ़ायदे
Reward Points:
Accelerated Rewards: 10 reward points for every Rs. 150 spent on Movies, Dining, Grocery & Departmental Stores. This translates to 2.5% value back on these categories.
Standard Rewards: 1 reward point for every Rs. 100 spent on other categories.
Fuel Surcharge Waiver: Enjoy complete freedom from paying the 1% fuel surcharge at any petrol pump. This can save you a significant amount of money, especially if you fuel up frequently.
Balance Transfer: Transfer outstanding balances from other credit cards to your Karnataka Bank SimplySAVE SBI Card at a lower interest rate and pay back in convenient EMIs. This can help you consolidate your debt and save on interest charges.
Other Benefits:
Free accident insurance cover of Rs. 1 lakh on accidental death or disability.
Free lost card liability cover of Rs. 2 lakh for 60 days from the date of reporting.
Access to exclusive deals and discounts from SBI Card partners.
Convenient online and mobile account management through the SBI Card website and app.
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
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)
सम्पर्क करने का विवरण
Customer Care Number. 1800 425 1444 (Toll free). 1800 572 8031 (Toll free).
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
Reward System: Users will earn 1 reward point for every ₹150 spent except for spending on fuel, insurance, utilities and cash transactions. The value of 1 reward point is Rs. 0.25. Effective cashback ate: 0.16%m. 10 reward points for every ₹150 spent on movies, dining, grocery & departmental stores. Effective cashback rate: 1.66%.
Customers can also convert their spending into easy monthly instalments with the Flexi pay privilege.
On annual spending of ₹90,000, the annual fee will be waived.
2 add-on cards at no additional cost.
1% fuel surcharge waiver at all petrol pumps.
No welcome benefit is provided to the users.
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.
Karnataka Bank SimplySAVE SBI Card
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
उत्पाद समीक्षा
फीस एवं प्रभार
Joining Fee-0 ,
Annual Fee- 499+ taxes
Cash advance fee: 2.5% per month from date of withdrawal
Interest Rates: 3.50% per month [42% per annum]
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 Fees: 3.5%.
Reward Redemption Fees: NIL
ईंधन अधिशुक्ल
1% of transaction amount + all applicable taxes. However, 1% Fuel Surcharge waiver at all petrol pump assuming fuel spends of ₹4000 is available for customers.
Billing Cycle
30 days