Detailed Review: SBI Simply Save Credit Card

SBI Simply Save Credit Card

  • Features & Rewards
  • Offers Availability
  • Card’s acceptance
  • Customer Care & Issue Resolution

Conclusion

If you are searching for a credit card that will allow you to save money on your everyday purchases, the SBI Simply Save Credit Card is a great option. With its generous cash-back rewards program and low annual fee, this card can help you efficiently. Plus, with its EMV chip technology, you can enjoy added security when making online and offline transactions. So why not give the SBI Simply Save Credit Card a try? You might be amazed at how much it can save you.
4.1/5

Introduction

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.

Image of SBI Simply Save Credit Card

Highlights of SBI Simply Save Credit Card

Highlights

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  • 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.

Eligibility Criteria

  • You must be an Indian citizen.
  • You must be a minimum of 18 years.
  • For salaried individuals, the income should be more than Rs 20,000 per month.
  • For self-employed individuals, the income should be more than Rs 30,000 per month.

Fees & Charges

DescriptionFees & Charges
Joining FeeRs 499 + GST
Renewal FeeRs 499 + GST
( Renewal Fee reversed if annual spends for last year >= Rs 1,00,000 )
Add-on card FeeNIL

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:

  • Visit the official website of the State Bank of India.
  • Navigate to the ‘Apply Now page and select ‘Credit Cards from the drop-down menu.
  • Scroll down to the ‘SBI Simply Save Credit Card option and click on ‘Apply Now.
  • You will be redirected to a new page where you must fill in details like name, contact number, email id, etc.
  • Once you have filled in all the required details, click on ‘Submit’.
  • You will then be required to upload documents like your PAN card, address proof, identity proof, etc. After uploading the documents, click on ‘Submit’ again.

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:

Reward Points

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.

  • 10 reward points on every Rs. 150 spent on dining, movies, grocery and departmental store purchases.
  • 1 Reward Point per Rs. 150 spent on other categories.
  • 4 RP = Rs 1

You can redeem the reward points from a very exhaustive and brilliant rewards catalog.

Welcome Benefits

Enjoy Rs 100 cash back on the first ATM cash withdrawal, if done within 30 days of receiving your card.

Global Acceptance

  • Enjoy accessing 24 million outlets across the globe, including 3,25,000 outlets in India.
  • Use your card to make payments at any outlet that accepts Visa or MasterCard.

Flexipay

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

Disadvantages

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  • 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.

Conclusion

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.

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FAQs

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.

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