SimplySave SBI Card
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, user will get 2,000 reward points
Milestone Benefits
Cashback Rate
Users will get 10 points on spending every INR 150 on dining, movies, departmental stores and grocery spending.
Value of 1 point = INR 0.25. Effective cashback rate is 1.6%.
1 reward point 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%.;
Movie Benefits
Dining Benefits
Other Benefits
Annual fee reversal on spending Rs 1,00,000 on the card.
Lounge Access
Fees & Charges
Joining Fee
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
350%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
दोष
Low general cashback rate.
No free movies.
No free airport lounge visits.
Welcome Benefit: Users must spend INR 2,000 or more in first sixty days in order to get 2,000 reward points.
Reward System: Users will get 10 point on spending 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 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.
पक्ष विपक्ष
Welcome Benefits
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पुरस्कार प्रणाली
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अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
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स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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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.
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 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 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:-
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Cons:-
Welcome Benefit: Users must spend INR 2,000 or more in first sixty days in order to get 2,000 reward points.
Reward System: Users will get 10 point on spending 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 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 USP of the card is 1.6% 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 1.6% 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
उत्पाद समीक्षा
फीस एवं प्रभार
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ईंधन अधिशुक्ल
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Billing Cycle
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