Karnataka BankIn partnership with SBI CardKarnataka Bank SimplySave SBI Credit Card – Benefits, Fees & Eligibility
Is the Karnataka Bank SimplySave SBI Credit Card Right for You?
The Karnataka Bank SimplySave SBI Credit Card is best suited for users who prioritize Dining, Shopping, Movies. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of Earn 10X Reward Points on dining, movies, departmental stores, and grocery; 1 RP per Rs. 150 on others..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
Earn 10X Reward Points on dining, movies, departmental stores, and grocery; 1 RP per Rs. 150 on others.
Notable Perks
Welcome Offer
Receive 2,000 Bonus Reward Points upon spending Rs. 2,000 or more within the first 60 days.
Spend-Based Waiver
The renewal fee is reversed if annual spends for the preceding year are Rs. 1,00,000 or more.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-3,000), max Rs. 100 waiver per statement cycle.
Things to Consider
The reward point value is relatively low, with 4 points equaling just Re. 1.
Maximum fuel surcharge waiver is capped at Rs. 100 per statement cycle.
Lacks premium travel benefits like complimentary lounge access or golf privileges.
Benefits & Features
Welcome Offer
Receive 2,000 Bonus Reward Points upon spending Rs. 2,000 or more within the first 60 days.
Rewards Rate
Earn 10X Reward Points on dining, movies, departmental stores, and grocery; 1 RP per Rs. 150 on others.
Reward Type
Reward Points
Reward Redemption
Redeem points to pay outstanding card bill or choose gifts and vouchers from the Rewards Catalogue.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10X Reward Points for every Rs. 150 spent on dining.
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
The renewal fee is reversed if annual spends for the preceding year are Rs. 1,00,000 or more.
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-3,000), max Rs. 100 waiver per statement cycle.
Pros & Cons
Pros
Key benefits and features of this card.
Earn 10X Reward Points on everyday spends like dining, movies, and groceries.
Enjoy a valuable welcome bonus of 2,000 Reward Points on initial spending.
Benefit from a 1% fuel surcharge waiver, saving on your regular fuel expenses.
Annual renewal fee can be easily waived by achieving a reasonable spend threshold.
Offers convenient contactless payments and global acceptance for ease of use.
Cons
Key drawbacks and limitations of this card.
The reward point value is relatively low, with 4 points equaling just Re. 1.
Maximum fuel surcharge waiver is capped at Rs. 100 per statement cycle.
Lacks premium travel benefits like complimentary lounge access or golf privileges.
No explicit mention of insurance benefits or comprehensive protection covers.
The card does not offer any specific international spending benefits or low markup.
Product Details
Nil Add-on Card Fee: No charges for add-on cards for eligible family members.
Contactless Payments: Tap & Pay facility for fast, convenient, and secure transactions.
Global Acceptance: Accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India.
Worldwide Cash Access: Withdraw cash from over 1 million Visa or MasterCard ATMs globally.
Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
Utility Bill Payment: Conveniently pay electricity, telephone, mobile, and other utility bills.
Balance Transfer on EMI: Transfer outstanding balances from other banks' credit cards to your SimplySAVE SBI Card.
Benefits & Features
Welcome Offer
Receive 2,000 Bonus Reward Points upon spending Rs. 2,000 or more within the first 60 days.
Rewards Rate
Earn 10X Reward Points on dining, movies, departmental stores, and grocery; 1 RP per Rs. 150 on others.
Reward Type
Reward Points
Reward Redemption
Redeem points to pay outstanding card bill or choose gifts and vouchers from the Rewards Catalogue.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10X Reward Points for every Rs. 150 spent on dining.
What matters, explained clearly
Introduction
The Karnataka Bank SimplySAVE SBI Card is a value-oriented credit card issued by Karnataka Bank in partnership with SBI Card, designed for individuals looking to maximize savings on everyday spending. It offers significant benefits, including 10X Reward Points on popular categories like dining, movies, departmental stores, and grocery, a welcome bonus of 2,000 Reward Points, and a 1% fuel surcharge waiver, making it ideal for smart spenders.
Welcome Benefits
- Receive 2,000 Bonus Reward Points upon spending Rs. 2,000 or more within the first 60 days of card issuance. These bonus points are worth Rs. 500.
Fees
- Annual Fee: Rs. 499 + applicable taxes
- Renewal Fee (per annum): Rs. 499 + applicable taxes, charged from the second year onwards.
- Spend-Based Waiver (Renewal Fee): 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: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 3,000 at all petrol pumps across India. A maximum waiver of Rs. 100 is applicable per statement cycle, per credit card account.
- All taxes would be charged as applicable on all fees, interest, and charges.
Rewards
- Accelerated Rewards: Earn 10X Reward Points for every Rs. 150 spent on dining, movies, departmental stores, and grocery purchases.
- Standard Rewards: Earn 1 Reward Point for every Rs. 150 spent on all other categories.
- Reward Point Value: 4 Reward Points are equivalent to Re. 1.
Rewards Redemption Guide
- Reward points can be used to pay your outstanding card bill.
- You can browse through the Rewards Catalogue to choose gifts and vouchers.
Important Product Details
- Welcome Bonus: Get 2,000 Bonus Reward Points (worth Rs. 500) on spending Rs. 2,000 within the first 60 days.
- High Reward Rate: Earn 10X Reward Points on dining, movies, departmental stores, and grocery spends.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000, with a maximum waiver of Rs. 100 per statement cycle.
- Renewal Fee Waiver: Annual renewal fee can be reversed on achieving annual spends of Rs. 1,00,000.
- Nil Add-on Card Fee: No charges for add-on cards for eligible family members.
- Contactless Payments: Tap & Pay facility for fast, convenient, and secure transactions.
- Global Acceptance: Accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India, wherever Visa/MasterCard is accepted.
- Worldwide Cash Access: Withdraw cash from over 1 million Visa or MasterCard ATMs globally.
- Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
- Utility Bill Payment: Conveniently 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
- Application Process: To apply for the Karnataka Bank SimplySAVE SBI Card, visit the nearest Karnataka Bank Branch.
- Payment Standards: Submit account payee cheques following CTS 2010 standards for timely processing of cheque payments.
- Co-brand Product: This is a co-brand product, and there may be fee and revenue sharing between SBI Card and Karnataka Bank.
- Terms & Conditions: Your continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions. All information is correct as of the date of publication and is subject to change at the discretion of SBICPSL. Refer to the Most Important Terms & Conditions for comprehensive details.
- Customer Assistance: For assistance, call the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).