KVB SimplySAVE SBI Card – Benefits, Fees & Eligibility

KVB SimplySAVE SBI Card

Introduction

The KVB SimplySAVE SBI Card is a co-branded credit card offering a range of benefits focused on daily spending, making it ideal for individuals looking to maximize savings on essential categories. Cardholders can earn accelerated rewards on dining, movies, departmental stores, and grocery purchases, along with a significant welcome bonus. The card also features a fuel surcharge waiver and a spend-based annual fee reversal, adding to its value proposition. Additionally, it supports contactless payments, provides worldwide acceptance, and offers convenient facilities like utility bill payments, Flexipay, and balance transfer options.

Welcome Benefits

• Receive 2,000 bonus Reward Points upon spending Rs. 2,000 or more within the first 60 days of card issuance.

Fees

• Annual Fee (one-time): Rs. 499 + Taxes
• Renewal Fee (per annum): Rs. 499 + Taxes, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee will be reversed if the annual spends in the previous year amount to Rs. 1,00,000 or more.
• Add-on Fee (per annum): NIL.
• Fuel Surcharge: Get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at any petrol pump across India.
  • Maximum surcharge waiver is capped at Rs. 100 per statement cycle.
• Taxes: All applicable taxes will be charged on fees, interest, and other charges.
• For detailed information on other applicable fees and charges, refer to the Most Important Terms & Conditions.

Rewards

• Accelerated Rewards: Earn 10 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 Rs. 1.
• Welcome Bonus: Get 2,000 bonus Reward Points when you spend Rs. 2,000 or more within the first 60 days of receiving your card.

Rewards Redemption Guide

• Reward Points can be used to pay off the outstanding balance on your KVB SimplySAVE SBI Card.
• Points can also be redeemed against a diverse selection of gifts available in the SBI Card Rewards Catalogue.

Important Product Details

• Welcome Offer: Spend Rs. 2,000 within 60 days of card issuance to get 2,000 bonus Reward Points.
• High Reward Rate: Enjoy 10X Reward Points on popular spending categories like Dining, Movies, Departmental Stores, and Groceries.
• Fuel Savings: Benefit from a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, with a maximum waiver of Rs. 100 per statement cycle.
• Fee Reversal: The annual renewal fee can be reversed if your annual spends exceed Rs. 1,00,000 in the preceding year.
• Contactless Payments: Experience fast, convenient, and secure daily purchases by simply waving your card at secure readers. The card's security features ensure only one transaction goes through even if waved multiple times.
• Worldwide Acceptance: Use your card at over 24 million outlets globally, including 3,25,000 outlets within India, wherever Mastercard/RuPay is accepted.
• Add-on Cards: Empower your family members (parents, spouse, children, or siblings above 18 years of age) with zero annual fee add-on cards.
• Cash Withdrawal: Access cash from over 1 million Mastercard/RuPay ATMs worldwide, including more than 43,000 SBI ATMs in India.
• Utility Bill Payments: Easily pay your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Flexipay: Convert any transaction of Rs. 2,500 or more into easy monthly installments (EMIs) by logging onto sbicard.com within 30 days of purchase.
• Balance Transfer on EMI: Transfer outstanding balances from other bank credit cards to your KVB SimplySAVE SBI Card to enjoy a lower interest rate and pay back in EMIs. This service can be availed via sbicard.com.
• Co-branded Product: This card is a co-brand product, involving potential fee and revenue sharing between SBI Card and Karur Vysya Bank.

Other Details

• Payment Channels:
  • Online Payment Options: NEFT Payment, Pay via UPI & QR, Pay via YONO, Bharat Bill Payment System, Paynet - Pay Online, Pay via Mobile App, Pay Via - Standing Instruction, Debit Card, MasterCard MoneySend, Visa Credit Card Pay.
  • Offline Payment Options: Over the Counter, Cheque - Manual drop box, SBI ATM.
• Payment Settlement Order: Information regarding the order of payment settlement for cardholder accounts is available on the SBI Card website.
• Cheque Payments: For timely processing, ensure account payee cheques adhere to CTS 2010 standards.
• Customer Assistance: For any assistance, contact the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix your local STD code).
• Terms and Conditions: All information is subject to change at the discretion of SBICPSL. Your continued use of the card implies acceptance of any amendments to the Terms and Conditions.
• Application Tracking: A facility to track your credit card application status is available online.
• Simply SMS: Get instant information by sending an SMS to 5676791 from your registered mobile number.