Bank of Maharashtra SimplySAVE SBI Card – Benefits, Fees & Eligibility

Introduction

The Bank of Maharashtra SimplySAVE SBI Card is an entry-level credit card issued by SBI Card in partnership with Bank of Maharashtra. It is available on both Visa and RuPay networks, positioning it as a versatile option for everyday spending. This card is designed to offer significant value through accelerated reward points on common spending categories like dining, movies, departmental stores, and groceries, complemented by a beneficial fuel surcharge waiver.

Welcome Benefits

• Spend Rs. 2,000 or more within the first 60 days of card issuance to receive 2,000 Bonus Reward Points.
• These 2,000 Bonus Reward Points are worth Rs. 500.

Fees & Charges Breakdown

• Annual Fee: Rs. 499 + taxes
• Renewal Fee (per annum): Rs. 499 + taxes, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee is reversed if annual spends for the preceding year are Rs. 1,00,000 or more.
• Add-on Card Fee (per annum): Nil
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 3,000 at all petrol pumps across India.
• Maximum Fuel Surcharge Waiver: A maximum waiver of Rs. 100 per statement cycle, per credit card account.

Rewards & Cashback Structure

• Accelerated Earning Rate: Earn 10X Reward Points per Rs. 150 spent on dining, movies, departmental stores, and grocery purchases.
• Standard Earning Rate: Earn 1 Reward Point per Rs. 150 spent on all other categories.
• Reward Redemption: Pay your outstanding card bill using reward points.
• Redemption Value: 4 Reward Points = Re. 1.
• Reward points can also be redeemed for gifts from the Rewards Catalogue.

Travel, Lounge & Lifestyle Perks

• Visa Network Privileges:
  • Savings of up to 10% on Hertz car rental.
  • Savings of up to 35% on Avis Car Rentals.
  • Exclusive benefits across 900 luxury hotels worldwide.
• RuPay Network Privileges:
  • Up to 15% Cashback on Hotels and Flight bookings at MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on Shopping at Lifestyle Stores.
• These offers are governed by the respective Terms & Conditions of Visa and RuPay.

Important Product Details

• Contactless Advantage:
  • Tap & Pay with Ease for effortless everyday payments.
  • Fast & Convenient transactions without handing over your card or fumbling for cash.
  • Secure Transactions as the card stays in your hand, reducing risk. Visa PayWave's unique security key ensures only one transaction is processed even if tapped multiple times.
• Global Acceptance: Accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
• Cash Access Across the World: Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
• Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards: Empower family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
• Utility Bill Payment Facility: Pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your SimplySAVE SBI Card at a lower interest rate and repay in easy EMIs.

Other Details

• The card is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
• All taxes would be charged as applicable on all fees, interest, and charges.
• For assistance, contact the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• Information is subject to change at the discretion of SBICPSL.
• Application for the card can be done by visiting the nearest Bank of Maharashtra Branch.
• The card can be used internationally at any outlet that accepts Visa / Master Card.
• Payment settlement follows specific order, and detailed terms are available in the Most Important Terms & Conditions document.