SimplySave Advantage SBI Card

औसत रेटिंग है 3 5 में से

MyRupaya Ratings

उत्पाद विवरण

क्रेडिट कार्ड का नाम

Bank Name :

State Bank Of India

प्रकार

Rewards Credit Card

ब्याज दर

3.50% per month (42% per annum) from the transaction date.

पात्रता

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.

पेशेवरों

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.

दोष

Low general cashback rate.
No free movies.
No free airport lounge visits.

पक्ष विपक्ष

Welcome Benefits

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

पुरस्कार प्रणाली

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%

अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप

3.5%.

स्वागत लाभ और पुरस्कार प्रणाली

विशेष लक्षण

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%

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.

फ़ायदे

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

विशेष विशेषता, पात्रता और लाभ

क्रेडिट कार्ड के लिए आवेदन कैसे करें?

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.

सम्पर्क करने का विवरण

l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)

खाता खोलने की प्रक्रिया और प्रक्रिया

विशेष विशेषता, पात्रता और लाभ

Pros:-

Change the text to include your own content. Adjust the font, size or scale to customize the style.

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.

SimplySave Advantage SBI Card Review

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

Annual Fee (one time): INR 499 + Taxes.
Renewal Fee (per annum): INR 499 + Taxes.
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: Up to 3.50% per month (42% per annum) from the transaction date.
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.
Reward Redemption Fees: INR 99/- per redemption.

ईंधन अधिशुक्ल

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.