SBI Simply Save Credit Card (Benefits, Limit & Charges) – Review

SBI Simply Save Credit Card is a popular credit card of SBI.

It launched for those who love to shop very frequently and who spend on grocery, departmental stores, dining and movies.

Here you can get large reward points and save shopping expenses. It provides you various welcome benefits as well as other benefits which make this card attractive to buy.

In the following we have explained all the details of SBI Simply Save Credit Card:

 

What are the features and benefits of SBI Simply Save Credit Card?

SBI Simply Save Credit Card Features and Benefits are:

 

Uses

• Suited for frequent shopping
• Can earn big reward points by shopping on grocery, departmental stores, dining and movies.

 

Welcome Benefits

• On spending Rs.2000 within 60 days of card issuance you can earn 2000 bonus reward points.
• On first cash withdrawal within 30 days of card issuance you can get Rs.100 cashback.

 

Reward Points

• On every Rs.100 you earn 1 reward point.
• On spent on movies, grocery, departmental stores, dining you earn 10X reward points.

 

Annual Fees waiver

• Joining fee is Rs.499
• Annual fee (Renewal fees) is Rs.499 every year.
• Renewal fee can be waived off if you spend Rs.1 Lac or more in a year.

This waiver is only for renewal fee. You have to pay joining fees of Rs.499 for the first time.

 

Fuel Surcharge waiver

1% Fuel Surcharge waiver on each transaction between Rs.500 –Rs.3000, but maximum waiver is Rs.100 per statement cycle.

 

Contactless Technology

SBI Simply Save Credit Card comes in contact less technology, so can make payment upto Rs.2000 per transaction without credit card PIN.

Also Read: SBI SimplyCLICK Credit Card (Benefits & details review)

 

What are the Fees and Charges of SBI Simply Save Credit Card?

 

Joining Fees	Rs. 499
Annual Fee (Renewal Fee)	Rs. 499 (can be waive off it spend Rs.1 lac or more in a year)
Interest Free credit Period	20-50 days, depends upon your purchases but your last month outstanding balance should be paid in full.
Late Payment Fee	Less than Rs.500 – NIL Rs.500 to Rs.1000 – Rs.400 Rs.1000 to Rs.10000 – Rs. 750 Rs.10000 to Rs.25000 – Rs. 950 Rs.25000 to Rs.50000 – Rs. 1100 Above Rs.50000 – Rs. 1300
Cash Advance Limit	80% of the Credit Limit (Maximum withdrawal Limit Rs.12000 per day)
Cash Advance Fees (Domestic ATMs)	2.5% of withdrawal or Rs.500 per transaction whichever higher
Cash Advance Fees at International ATMs	2.5% of withdrawal or Rs.500 per transaction whichever higher
Finance Charges	Upto 3.50% per month (i.e. 42% per year from the date of transaction)
Over limit Charges	2.5% of over limit (Minimum Rs.600)
Payment dishonor fee	2% of payment or Rs.500
Card replacement Charges	Rs.100 - Rs.250

Also Read: SBI Landmark Credit Card (Prime, Select & Base Variant) - Review

What is the eligibility for applying for an SBI Simply Save Credit Card?

SBI Simply Save Credit Card Eligibility:

• Both salaried and self-employed can apply for SBI Simply Save Credit Card.
• For salaried people minimum income should be Rs.20,000 per month.
• For a Self-employed person minimum income should be Rs.30,000 per month.

 

What are the documents required to apply for an SBI Simply Save Credit Card?

Following are the common documents are required for applying for SBI Simply Save Credit Card:

• Identity Proof
• Address Proof
• Income Proof
• Passport size photograph

 

How to apply for SBI Simply Save Credit Card?

After checking your eligibility you can apply for SBI Simply Save Credit Card online by visiting SBI official website or visit your nearest branch of SBI.

Also Read: SBI BPCL Octane Credit Card Benefits & Charges – Review

Conclusion

SBI Simply Save Credit Card is very useful for frequent shoppers. You can get huge reward points by spending with this card and saving your shopping expenditure. It has many benefits.