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SBI SimplySAVE Credit Card
★★★★☆(4.6)If you're searching for a credit card that offers rewards for your daily expenses, the SBI SimplySAVE Credit Card can be a decent fit for you! This card provides a range of benefits, including 10 Reward Points for every ₹150 spent on dining, movies, departmental stores and grocery shopping, and 1 Reward Point for all other expenditures, giving you a reward rate of 0.7% to 1.7%. Additionally, it has a joining and annual fee of ₹499. Keep reading to learn more about this card. 👇
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹499Annual Fee
₹499Annual Percentage Rate
42%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
2.50%Cash Advance Limit
80%Card Replacement Fee
₹100Foreign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.25Balance from ₹0 to ₹500
₹0Balance from ₹500 to ₹1000
₹400Balance from ₹1000 to ₹10000
₹750Balance from ₹10000 to ₹25000
₹950Balance from ₹25000 to ₹50000
₹1100Balance more than ₹50000
₹1300Pros
Aspects that make this credit card amazing.
- ⮚The card gives a 1% Fuel Surcharge Waiver on all petrol pumps.
- ⮚It offers a complimentary add-on card.
- ⮚Reward points on all transactions.
- ⮚It allows users to convert big spends into EMI.
Cons
Aspects this credit card lacks.
- ⮚No reward points on fuel transactions.
- ⮚No complimentary airport lounge access.
- ⮚Reward redemption requests are subject to a charge.
SBI SimplySAVE Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
SBI Simply Save Credit Card comes with basic yet interesting offers. One such offer is the choice of converting major transactions into easy EMI options. It also allows users to opt for a complimentary add-on card as well. Moreover, the SBI Simply Save Credit Card offers users to save on shopping and daily transactions in the form of reward points and surcharge waivers, and other exclusive benefits. But a reward redemption fee is levied on every redemption request. Additionally, some common benefits like free airport lounge access seem to be missing on this card.
Overview
| Best for | Everyday Usage |
|---|---|
| Joining Fee | ₹499 |
| Annual Fee | ₹499 |
| Welcome Benefits | 2,000 Bonus Points on spends of ₹2,000 |
| Card Network | Visa |
SBI SimplySAVE Credit Card Maximum Cashback
| Categories | Reward Points |
|---|---|
| Special Categories | 10 pts. |
| Other Categories | 1 pt. |
Who should get an SBI SimplySAVE Credit Card?
SBI Simply Save Credit Card is best suited for people looking for a basic credit card with a low annual fee but don’t want to miss on rewards and benefits such as savings on fuel and daily utilities. It also comes with lifestyle benefits like rewards for movies and dining. This card is a good option for users who want to avail of such benefits without a high annual fee.
How to Apply for an SBI SimplySAVE Credit Card?
SBI SimplySAVE Credit Card Eligibility
Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.