Detailed Review: SBI Simply Save Credit Card
SBI Simply Save Credit Card
The SBI Simply Save Credit Card is a no-frills card that offers cash-back on all spending, making it an ideal choice for regular and first-time credit card holders. In this blog post, we take a detailed look at the features and benefits of the SBI Simply Save Credit Card and how it can help you save money on your everyday spending.
Read on for our complete review of the SBI Simply Save Credit Card.
Highlights of SBI Simply Save Credit Card
- Spend Rs. 2,000 or more in the first 60 days and get 2,000 bonus Reward Points.
- Enjoy 10 Reward Points per Rs 150 on Dining, Movies, Departmental Stores and Grocery Spends. On all your other spends, earn 1 Reward Point per Rs 150.
- Get freedom from paying the 1% fuel surcharge at any petrol pump.
- Enjoy annual membership fee reversal from the second year if you spend a minimum of Rs 1,00,000.
Fees & Charges
|Fees & Charges
|Rs 499 + GST
|Rs 499 + GST
( Renewal Fee reversed if annual spends for last year >= Rs 1,00,000 )
|Add-on card Fee
How to Apply for the SBI Simply Save Credit Card?
Assuming you are a resident of India and are above the age of 18, you can follow these steps to apply for the SBI Simply Save Credit Card:
The bank will then process your application, and you will receive your credit card within a few weeks.
Features & Benefits
There are multiple benefits offered on this premium credit card. We can go through them:
With the SBI SimplySAVE Credit Card, you can accumulate reward points for every purchase in any category.
You’ll be able to redeem them at a value of your choosing.
You can redeem the reward points from a very exhaustive and brilliant rewards catalog.
Enjoy Rs 100 cash back on the first ATM cash withdrawal, if done within 30 days of receiving your card.
With Flexipay, you can convert transactions into easy monthly instalments. You can avail of this facility when you purchase Rs 2,500 or more using your card. Log in with your credentials to sbicard.com within 30 days of purchase to convert it into Flexipay.
Disadvantages of SBI Simply Save Credit Card
- You have to pay a Redemption Fee of Rs 99 to redeem your reward points.
- The Foreign Currency Mark-up charges are 3.5%, which is on the higher end.
The SBI Simply Save Credit Card is an excellent option for those looking for a simple, no-frills credit card. The card offers a decent interest rate and a low annual fee, which makes it a good choice for those who want to keep their costs down. The cash-back feature is a nice perk that can help you save money on your everyday purchases.
If you’re looking for a primary credit card with some excellent benefits, the SBI Simply Save Credit Card is worth considering.
You can read the other interesting posts:
What are the main features of the SBI Simply Save credit card?
The main features of the SBI Simply Save credit card include the following:
* Minimal annual fee.
* 10% cash back on all online and offline spending for the first year.
* Up to 5% cash back on all subsequent expenditures.
There is also a fuel surcharge waiver of 1% and an interest-free period of up to 50 days.
How much cash-back can I earn with the SBI Simply Save credit card?
You can earn 10% cash back on all online and offline spending for the first year and up to 5% on all subsequent expenditures. There is no limit to the amount of cash back you can earn.
What is the interest-free period for the SBI Simply Save credit card?
The interest-free period is up to 50 days from the date of purchase. However, you need to pay your outstanding balance within this period. In that case, you will be charged interest on your due balance at the applicable rate.
Does this card offer facility of renewal fee reversal under any condition?
Yes. You can enjoy the renewal feel reversal only if you have to spend a minimum of Rs 1,00,000 in the previous year.