SimplySAVE Advantage SBI Card – Benefits, Fees & Eligibility

SimplySAVE Advantage SBI Card

Introduction

The SimplySAVE Advantage SBI Card is designed for individuals looking to maximize savings on everyday spending categories. It offers accelerated reward points on dining, movies, departmental stores, and grocery purchases, along with a fuel surcharge waiver, making it a suitable choice for regular shoppers and those seeking value back on common expenses.

Welcome Benefits

• Spend Rs. 1,000 or more within the first 30 days of card issuance to receive 500 bonus Reward Points.

Fees

• Annual Fee (one-time): Rs. 499
• Renewal Fee (per annum): Rs. 499 from the second year onwards.
  • The Renewal Fee is reversed if annual spends for the previous year are Rs. 1,00,000 or more.
• Add-on Fee (per annum): Nil
• Fuel Surcharge:
  • Get a 1% fuel surcharge waiver at any petrol pump across India.
  • This offer is applicable for transactions between Rs. 500 to Rs. 3,000.
  • Maximum surcharge waiver is capped at Rs. 100 per statement cycle.
• For information regarding other fees and applicable charges, refer to the Most Important Terms & Conditions.
• All taxes would be charged as applicable on all fees, interest, and charges.

Rewards

• Accelerated Reward Points:
  • Earn 10 Reward Points for every Rs. 150 spent on Dining, Movies, Departmental Stores, and Grocery purchases.
• Standard Reward Points:
  • Earn 1 Reward Point for every Rs. 150 spent on all other categories.
• Reward Point Value: 4 Reward Points = Rs. 1.

Rewards Redemption Guide

• Reward Points can be used to pay the outstanding balance on your credit card.
• Alternatively, you can redeem your Reward Points against a wide array of gifts available in the Rewards Catalogue.

Important Product Details

• 10x Reward Points: Earn accelerated rewards on Dining, Movies, Departmental Stores, and Grocery Spends.
• Bonus Reward Points: Get 500 bonus Reward Points on spending Rs. 1,000 or more within the first 30 days.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver (max Rs. 100 per statement cycle) on transactions between Rs. 500 and Rs. 3,000.
• Annual Fee Reversal: The annual renewal fee can be reversed if annual spends in the previous year exceed Rs. 1,00,000.
• Contactless Payments: Facilitates fast and convenient daily purchases by simply waving the card at a secure reader.
• Worldwide Acceptance: Accepted at over 24 million outlets globally, including 3,25,000 outlets in India, wherever Visa or MasterCard is accepted.
• Add-on Cards: Available for family members (parents, spouse, children, or siblings above 18 years of age) at no additional fee.
• Cash on the Go: Allows cash withdrawals from over 1 million Visa or MasterCard ATMs worldwide.
• 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 bank credit cards to your SimplySAVE Advantage SBI Card at a lower interest rate and pay in EMIs. This service can be availed by logging into sbicard.com.
• Flexipay: Convert any transaction of Rs. 2,500 or more into easy monthly installments (EMIs) by logging into sbicard.com within 30 days of purchase.

Other Details

• Order of Payment Settlement: All payments made for a cardholder account will be settled in a specific order, details of which are available on the SBI Card website.
• Payment Acceptance: Cheques payable outside clearing zones are not accepted. Payments are accepted through local cheques or drafts payable in Delhi only.
• Customer Assistance: For assistance, call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Contact Information:
  • SBI Cards and Payment Services Limited
  • Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034
  • CIN: L65999DL1998PLC093849