South Indian BankSouth 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, 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 10 Reward Points for every Rs. 150 spent on Dining, Movies, Departmental Stores, and Grocery; 1 Reward Point for every Rs. 150 on other spends. 4 Reward Points = Rs. 1..
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
Renewal Fee is reversed if annual spends for the previous year are Rs. 1,00,000 or more.
Movie Benefits
Earn 10 Reward Points for every Rs. 150 spent on Movies.
Golf Benefits
Not Applicable
Things to Consider
Lack of specific travel benefits or complimentary lounge access, limiting travel perks.
Reward point value of 4 points per rupee is relatively low compared to some other cards.
No information on insurance benefits or foreign currency markup, crucial for some users.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within the first 60 days of card issuance and receive 2,000 bonus Reward Points.
Rewards Rate
10 Reward Points for every Rs. 150 spent on Dining, Movies, Departmental Stores, and Grocery; 1 Reward Point for every Rs. 150 on other spends. 4 Reward Points = Rs. 1.
Reward Type
Reward Points
Reward Redemption
Reward Points can be used to pay outstanding balance or redeemed 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
Renewal Fee is reversed if annual spends for the previous year are Rs. 1,00,000 or more.
Foreign Currency Markup
Not Applicable
Interest Rates
Not Applicable
Fuel Surcharge Waiver
1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000, up to 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.
Earn accelerated reward points on common expenses like dining, movies, and groceries.
Benefit from a 1% fuel surcharge waiver, saving money on petrol and diesel purchases.
Annual fee waiver makes the card very cost-effective for regular spenders.
Convenient contactless payment and utility bill payment facilities enhance user experience.
Cons
Key drawbacks and limitations of this card.
Lack of specific travel benefits or complimentary lounge access, limiting travel perks.
Reward point value of 4 points per rupee is relatively low compared to some other cards.
No information on insurance benefits or foreign currency markup, crucial for some users.
Product Details
Enjoy fast, convenient, and secure contactless payments for daily purchases by simply waving your card.
The card is globally accepted at over 24 million outlets, including 3,25,000 outlets within India.
Obtain add-on cards for eligible family members like parents, spouse, children, or siblings above 18 years.
Withdraw cash from over 1 million VISA/RuPay/Mastercard ATMs worldwide for emergency needs.
Conveniently pay your electricity, telephone, mobile, and other utility bills via the Easy Bill Pay facility.
Convert transactions of Rs. 2,500 or more into easy monthly installments (EMIs) using Flexipay.
Transfer outstanding balances from other bank credit cards to benefit from lower interest EMIs.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within the first 60 days of card issuance and receive 2,000 bonus Reward Points.
Rewards Rate
10 Reward Points for every Rs. 150 spent on Dining, Movies, Departmental Stores, and Grocery; 1 Reward Point for every Rs. 150 on other spends. 4 Reward Points = Rs. 1.
Reward Type
Reward Points
Reward Redemption
Reward Points can be used to pay outstanding balance or redeemed 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
South Indian Bank SimplySAVE SBI Card
Introduction
The South Indian Bank SimplySAVE SBI Card is designed to offer enhanced rewards on everyday spending categories like dining, movies, departmental stores, and groceries. Cardholders can enjoy significant savings through a fuel surcharge waiver and benefit from an annual fee reversal based on their spending. It also comes with modern features like contactless payments and allows for easy conversion of transactions into EMIs.
Welcome Benefits
- Extravaganza Offer: Spend Rs. 2,000 or more within the first 60 days of card issuance and receive 2,000 bonus Reward Points.
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 is reversed if annual spends for the previous year are Rs. 1,00,000 or more.
- Add-on Fee (per annum): NIL
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.
Rewards Redemption Guide
- Reward Points can be used to pay the outstanding balance on your Credit Card.
- You can also redeem your Reward Points against a wide array of gifts available in the Rewards Catalogue.
Important Product Details
- Contactless Advantage: Make daily purchases easily by simply waving your card at a secure reader. This offers fast, convenient, and secure transactions by reducing the need to hand over your card or handle cash, and ensures only one transaction goes through even if waved multiple times.
- Worldwide Acceptance: The card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India, wherever VISA/RuPay Card/Mastercard is accepted.
- Add-on Cards: You can get add-on cards for your family members, including parents, spouse, children, or siblings, provided they are above 18 years of age.
- Cash on the Go: Withdraw cash from over 1 million VISA/RuPay/Mastercard ATMs worldwide.
- Utility Bill Payment Facility: Conveniently pay your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
- Flexipay: Convert transactions 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 the outstanding balance from other bank credit cards to your South Indian Bank SimplySAVE SBI Card to benefit from a lower rate of interest and repay in EMIs. This service can be availed by logging into sbicard.com.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 at any petrol pump in India. A maximum surcharge waiver of up to Rs. 100 is available per statement cycle.
Other Details
- Order of Payment Settlement: Information regarding the order of payment settlement for cardholder accounts is available on the SBI Card website.
- Payment Standards: Submit account payee cheques following CTS 2010 standards for timely processing of payments.
- Taxes: All applicable taxes will be charged on fees, interest, and other charges.
- Co-brand Product: This is a co-brand product, and there may be fee and revenue sharing arrangements between SBI Card and the co-brand partner.
- Terms and Conditions: Continued use of the card will be deemed acceptance of any amendments to the Terms and Conditions. The Most Important Terms and Conditions are available on www.sbicard.com.
- Assistance: For assistance, you can call the SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
- Information Accuracy: All information provided is correct as of the date mentioned on the source and is subject to change at the discretion of SBICPSL.