State Bank of IndiaSimplySAVE SBI Card – Benefits, Fees & Eligibility
Is the SimplySAVE SBI Card Right for You?
The SimplySAVE SBI Card is best suited for users who prioritize Dining, Movies, Shopping. 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 10 Reward Points for every Rs. 150 on dining, movies, departmental stores, groceries; 1 RP for others..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
Not Applicable
Notable Perks
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Insurance Coverage
Not Applicable
Spend-Based Waiver
Annual renewal fee reversed if cardholder spends Rs. 1,00,000 or more in the previous year.
Movie Benefits
Earn 10 Reward Points for every Rs. 150 spent on movies.
Golf Benefits
Not Applicable
Things to Consider
The standard reward rate is quite low at just 1 point for every Rs. 150 spent.
Lacks premium benefits such as lounge access, golf privileges, or specific travel perks.
Reward point value is relatively low, with 4 points equating to only Rs. 1.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within 60 days of card issuance to receive 2,000 bonus Reward Points.
Rewards Rate
Earn 10 Reward Points for every Rs. 150 on dining, movies, departmental stores, groceries; 1 RP for others.
Reward Type
Reward Points
Reward Redemption
Redeem Reward Points to pay outstanding balance or against gifts from the Rewards Catalogue.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
Earn 10 Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10 Reward Points for every Rs. 150 spent on dining.
Travel Benefits
Not Applicable
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Annual renewal fee reversed if cardholder spends Rs. 1,00,000 or more in the previous year.
Foreign Currency Markup
Not Applicable
Interest Rates
Not Applicable
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-3,000), max Rs. 100 per statement cycle.
Cash Advance Charges
Not Applicable
Rewards Redemption Fee
Not Applicable
Pros & Cons
Pros
Key benefits and features of this card.
Enjoy accelerated rewards on daily expenses like dining, movies, and groceries.
Receive a welcome bonus of 2,000 Reward Points upon meeting initial spend criteria.
Benefit from an annual fee waiver by spending Rs. 1,00,000 or more annually.
Get a 1% fuel surcharge waiver, saving money on your petrol expenses.
Utilize contactless payment for quick, secure, and convenient daily transactions.
Cons
Key drawbacks and limitations of this card.
The standard reward rate is quite low at just 1 point for every Rs. 150 spent.
Lacks premium benefits such as lounge access, golf privileges, or specific travel perks.
Reward point value is relatively low, with 4 points equating to only Rs. 1.
The maximum fuel surcharge waiver limit per cycle is quite restrictive.
No explicit details provided regarding foreign currency markup or interest rates.
Product Details
Contactless Advantage for fast, secure daily purchases.
Accepted globally at over 24 million outlets.
Add-on cards available for eligible family members.
Cash withdrawal facility from ATMs worldwide.
Easy Bill Pay for utility bill payments.
Balance Transfer on EMI from other bank cards.
Flexipay option to convert large transactions into EMIs.
Track application status and get info via SMS.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within 60 days of card issuance to receive 2,000 bonus Reward Points.
Rewards Rate
Earn 10 Reward Points for every Rs. 150 on dining, movies, departmental stores, groceries; 1 RP for others.
Reward Type
Reward Points
Reward Redemption
Redeem Reward Points to pay outstanding balance or against gifts from the Rewards Catalogue.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
Earn 10 Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10 Reward Points for every Rs. 150 spent on dining.
Travel Benefits
Not Applicable
What matters, explained clearly
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.