SBI SimplySAVE Credit Card Offers & Benefits

SBI SimplySAVE Credit Card
Credithita Rating : 4.5

SBI SimplySAVE Credit Card

Rewards Rate
    For every ₹100 you spend
  • Earn 10 reward points on Dining, Movies, and Grocery
  • Earn 1 reward points on all others
SignUp Bonus
  • Spend 2,000 or more in first 60 days and get 2,000 bonus Reward Points
Fee
₹499
Fuel Surcharge waiver
  • Get freedom from paying the 1% fuel surcharge at any petrol pump
Card Brand

Key Details of SBI SimplySAVE Credit Card

  • 10x Reward Points per ₹100 spent on Dining, Movies, Departmental Stores and Grocery Spends.
  • On all your other spends, earn 1 Reward Point per ₹100 spent
  • 4 Reward Points = ₹1
  • Get freedom from paying the 1% fuel surcharge at any petrol pump
  • 1st Year Fee ₹499
  • 2nd Year onwards ₹499. Waived on annual spends > 1 lakh in previous year

Pro's of SBI SimplySAVE Credit Card

  • 10x Reward Points on Dining, Movies, Departmental Stores and Grocery Spends.
  • Spend 2,000 or more in first 60 days and get 2,000 bonus Reward Points

Rewards Rate of SBI SimplySAVE Credit Card

  • 10x Reward Points on every ₹100 spent on Dining, Movies, Departmental Stores and Grocery.
  • Earn 1 reward point on INR 100 for all other expenditures.

Fee Details of SBI SimplySAVE Credit Card

  • Joining Fee - ₹499+ GST
  • Annual Fee (Second year onwards) – ₹499+ GST
Cash withdrawal Interest
3.35% per month
Purchase Interest
3.35% per month

Charges of SBI SimplySAVE Credit Card

Fee Type Charges
Cash withdrawal fee 2.5% on advanced amount, subject to minimum of ₹500
Late payment charges
  • No charge for up to ₹200 outstanding balance
  • ₹100 for between ₹201 to ₹500
  • ₹400 for between ₹501 to ₹1,000
  • ₹600 for between ₹1,001 to ₹10,000
  • ₹800 for between ₹10,001 to ₹25,000
  • ₹950 more than ₹25,000
Payment dishonor fee 2% of the payment amount or ₹450
Statement retrieval fee ₹100 per statement
Card replacement charge ₹100
Over-limit fee 2.5% of the over-limit amount or ₹500
Rewards redemption fee ₹99
Fee on cash payment at branches ₹100
Eligibility of SBI SimplySAVE Credit Card
  • Applicant should be either self-employed or salaried.
  • Age should be between 21 and 65.
  • Good credit score.

Documentation for SBI SimplySAVE Credit Card

  • KYC documents
  • PAN card or Form 60
  • Income proof such as salary slip, Income tax returns Form 16
  • Proof of residence: Passport or driving license or ration card or electricity bill or Landline telephone bill
Accepted Documents
    Proof of Identity
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Passport
  • Driving Licence
    Proof of Address
  • Aadhaar Card
  • Passport
  • Utility bills (not more than 3 months old)
  • Any other government-approved ID
    Proof of Income
  • Bank statement for the last 3 months
  • Salary slips for the last 3 months
  • Audited financials for the last two years (for self-employed)
  • Form 16

Frequently asked questions

Is SBI SimplySAVE Credit Card free?

Can I withdraw cash from SBI SimplySAVE Credit Card?

What is the interest rate for SBI SimplySAVE Credit Card?

Is SBI SimplySAVE Credit Card International?

What is the cash advance limit for SBI SimplySAVE Card?

How can I pay my SBI Credit Card bill?

What is the billing date of the SBI Credit Card?

Will I be charged for IMPS transactions?

Will I be charged for NEFT transactions?

How do I report that my credit card has been lost or stolen?

How can I get my credit card statement?

Is applying for a credit card will do the hard credit pull?