SimplySAVE SBI Card – Benefits, Fees & Eligibility

SimplySAVE SBI Card

The SimplySAVE SBI Card offers a range of privileges designed for everyday spending, providing accelerated rewards on common categories like dining, movies, departmental stores, and groceries. Cardholders can earn 10x Reward Points on these spends, along with a 1% fuel surcharge waiver. The card also comes with a welcome bonus of 2,000 Reward Points upon meeting a minimal spend criterion and offers an annual fee reversal based on yearly spending.

Welcome Benefits

• Extravaganza Offer: Spend Rs. 2,000 or more within the first 60 days of card issuance to receive 2,000 bonus Reward Points.

Fees

• Annual Fee (one-time): Rs. 499 + Taxes
• Renewal Fee (per annum): Rs. 499 + Taxes (from the second year onwards)
• Spend-Based Waiver: The annual renewal fee is reversed if the cardholder spends Rs. 1,00,000 or more in the previous year.
• Add-on Fee (per annum): Nil
• Fuel Surcharge:
  • Enjoy a 1% fuel surcharge waiver at any petrol pump across India.
  • This offer is applicable for transactions between Rs. 500 and Rs. 3,000.
  • A maximum surcharge waiver of up to Rs. 100 is provided per statement cycle.
• Taxes: All applicable taxes will be charged on fees, interest, and other charges.

Rewards

• Accelerated Rewards: Earn 10 Reward Points for every Rs. 150 spent on:
  • Dining
  • Movies
  • Departmental Stores
  • Grocery Spends
• 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.

Rewards Redemption Guide

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

Important Product Details

• Contactless Advantage:
  • Facilitates easy daily purchases by simply waving the card at a secure reader.
  • Offers fast and convenient transactions, eliminating the need for cash or coins for small purchases.
  • Ensures security as the card never leaves your hand during a transaction, reducing the risk of card loss and skimming.
  • The unique security key feature ensures only one transaction goes through even if the card is waved multiple times.
• Worldwide Acceptance:
  • The SimplySAVE SBI Card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
  • It can be used for payments at any outlet that accepts Visa or MasterCard.
• Add-on Cards:
  • Empower family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
• Cash on the Go:
  • Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
• Utility Bill Payment Facility:
  • Pay electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
• Balance Transfer on EMI:
  • Transfer outstanding balances from other banks' credit cards to your SimplySAVE SBI Card.
  • Avail a lower rate of interest and pay back in easy monthly installments (EMIs).
  • This service can be accessed by logging into sbicard.com.
• Flexipay:
  • Convert any transaction of Rs. 2,500 or more into easy monthly installments (Flexipay).
  • This conversion must be initiated by logging into sbicard.com within 30 days of the 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.
• Cheque Payments: Cheques payable outside clearing zones are not accepted. Only local cheques or drafts payable in Delhi are accepted.
• Terms Acceptance: Continued use of the card implies acceptance of any amendments to the terms and conditions.
• Helpline: For assistance, call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Information Accuracy: All information provided is subject to change at the discretion of SBICPSL.
• Most Important Terms and Conditions: Available on www.sbicard.com.
• 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
• Locator Services: Tools are available to locate ATMs, drop boxes, or cash payment outlets.
• Application Tracking: Cardholders can track the status of their SBI Card application online.
• Simply SMS: Get instant information by sending an SMS to 5676791 from your registered mobile number.