South Indian BankIn partnership with SBI CardSouth Indian Bank SimplySAVE SBI Card – Benefits, Fees & Eligibility
Is the South Indian Bank SimplySAVE SBI Card Right for You?
The South Indian Bank SimplySAVE SBI 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 10X RP on dining, movies, departmental stores, grocery; 1 RP on others for every Rs. 150 spent..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
10X RP on dining, movies, departmental stores, grocery; 1 RP on others for every Rs. 150 spent.
Notable Perks
Welcome Offer
Receive 2,000 Bonus Reward Points (worth Rs. 500) on spending Rs. 2,000 within 60 days.
Spend-Based Waiver
Renewal fee waived if annual spends for preceding year are Rs. 1,00,000 or more.
Movie Benefits
Earn 10X Reward Points on movies.
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-3,000), max Rs. 100 per statement cycle.
Things to Consider
General spending earns a low reward rate of just 1 Reward Point per Rs. 150.
Lacks premium travel benefits such as complimentary airport lounge access.
The maximum fuel surcharge waiver is capped at Rs. 100 per statement cycle.
Benefits & Features
Welcome Offer
Receive 2,000 Bonus Reward Points (worth Rs. 500) on spending Rs. 2,000 within 60 days.
Rewards Rate
10X RP on dining, movies, departmental stores, grocery; 1 RP on others for every Rs. 150 spent.
Reward Type
Reward Points
Reward Redemption
Redeem RPs to pay card bill (4 RP = Re. 1) or choose gifts from Rewards Catalogue.
Movie Benefits
Earn 10X Reward Points on movies.
Dining Benefits
Earn 10X Reward Points on dining.
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Renewal fee waived if annual spends for preceding year are Rs. 1,00,000 or more.
Fuel Surcharge Waiver
1% waiver on fuel transactions (Rs. 500-3,000), max Rs. 100 per statement cycle.
Pros & Cons
Pros
Key benefits and features of this card.
Earn 10X Reward Points on essential spends like dining, movies, and groceries.
Receive a welcome bonus of 2,000 Reward Points on initial spend.
Benefit from a 1% fuel surcharge waiver, saving on fuel expenses.
Annual renewal fee can be waived by achieving a reasonable spend threshold.
Enjoy secure and convenient contactless payment technology for daily transactions.
Cons
Key drawbacks and limitations of this card.
General spending earns a low reward rate of just 1 Reward Point per Rs. 150.
Lacks premium travel benefits such as complimentary airport lounge access.
The maximum fuel surcharge waiver is capped at Rs. 100 per statement cycle.
No specific insurance coverage or golf privileges are offered with this card.
Interest rates and foreign currency markup details are not explicitly provided.
Product Details
Contactless payments for fast, secure transactions.
Globally accepted at over 24 million outlets.
Cash withdrawal from 1 million ATMs worldwide.
Convert purchases of Rs. 2,500+ into easy EMIs.
Add-on cards for family members (18+).
Easy Bill Pay for utility bills.
Balance transfer facility from other credit cards.
Benefits & Features
Welcome Offer
Receive 2,000 Bonus Reward Points (worth Rs. 500) on spending Rs. 2,000 within 60 days.
Rewards Rate
10X RP on dining, movies, departmental stores, grocery; 1 RP on others for every Rs. 150 spent.
Reward Type
Reward Points
Reward Redemption
Redeem RPs to pay card bill (4 RP = Re. 1) or choose gifts from Rewards Catalogue.
Movie Benefits
Earn 10X Reward Points on movies.
Dining Benefits
Earn 10X Reward Points on dining.
What matters, explained clearly
Introduction
The South Indian Bank SimplySAVE SBI Card, issued by SBI Card in partnership with South Indian Bank, is an entry to mid-range credit card designed for everyday savings and rewards. It offers significant benefits for daily spending categories, including 10X Reward Points on dining, movies, departmental stores, and groceries. Cardholders can also enjoy a 1% fuel surcharge waiver and a welcome bonus of 2,000 Reward Points upon meeting an initial spend criterion.
Welcome Benefits
- Receive 2,000 Bonus Reward Points, equivalent to Rs. 500.
- This benefit is activated upon spending Rs. 2,000 or more within the first 60 days of card issuance.
Fees
- Annual Fee: Rs. 499 + applicable taxes.
- Renewal Fee (per annum): Rs. 499 + applicable taxes, charged from the second year onwards.
- Spend-Based Waiver: The renewal fee is reversed if annual spends for the preceding year are Rs. 1,00,000 or more.
- Add-on Card Fee: Nil.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 3,000 at all petrol pumps across India. The maximum waiver is Rs. 100 per statement cycle, per credit card account.
- All taxes would be charged as applicable on all fees, interest, and charges.
Rewards
- Earn 10X Reward Points for every Rs. 150 spent on:
- Dining
- Movies
- Departmental Stores
- Grocery
- Earn 1 Reward Point for every Rs. 150 spent on all other categories.
Rewards Redemption Guide
- Reward Points can be used to pay your outstanding card bill.
- The redemption value is 4 Reward Points = Re. 1.
- Cardholders can also browse through the Rewards Catalogue to choose gifts.
Important Product Details
- Contactless Advantage:
- Tap & Pay with ease for effortless everyday payments.
- Offers fast and convenient transactions, eliminating the need to hand over your card or use cash.
- Ensures secure transactions as the card remains in your hand, reducing fraud risk. Visa PayWave's unique security key processes only one transaction even if the card is tapped multiple times.
- Global Acceptance:
- Accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
- Can be used for payments at any outlet that accepts Visa or MasterCard.
- Cash Access Across the World:
- Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
- Flexipay EMI:
- Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
- Add-on Cards:
- Provide add-on cards for family members including parents, spouse, children, or siblings above the age of 18.
- Utility Bill Payment Facility:
- Utilize the Easy Bill Pay facility to 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 at a lower interest rate and repay in easy EMIs.
Other Details
- This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner (South Indian Bank).
- Continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions.
- For assistance, contact the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
- All information is subject to change at the discretion of SBICPSL.
- Submit account payee cheques following CTS 2010 standards for timely processing of payments.
- Refer to the Most Important Terms & Conditions for comprehensive information regarding fees and other applicable charges.