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SBI SimplySave Credit Card – Annual Fee, Features & Benefits

SBI SimplySave Credit Card – Get information about SimplySave Credit Card Features & Benefits. Know SimplySave Reward points, Benefits, Annual Fee & Welcome offers. 

Privileges on SimplySave SBI Card

Extravaganza Offer

  • Spend ₹ 2000/- or more in first 60 days and get 2,000 bonus reward point.

10x Reward Points

  • Enjoy 10 Reward point per ₹ 100/- spent on dinning movies, Department Stores and grocery Spends.
  • On all your other spends, earn 1 reward point per ₹ 100/- spent. ( 4 reward points = ₹ 1/-)

Enjoy Complete Fuel Freedom

  • Get freedom from paying the 1% fuel surcharge at any petrol pump.
  • Transact an amount between ₹ 500/- to ₹ 3000/- at any petrol pump in india to avail this offer.
  • you get maximum surcharge waiver of upto ₹ 100/- per statement cycle, on your simplysave SBI Card.

Spend Based Reversal

  • Get annual membership fee reversal from spend year of your subscription.
  • To avail free reversal, you need have spend ₹ 90,000/- or more on your simplysave SBI card in the previous year.

SBI SimplySave Credit Card Features

Reward point

  • Earn 1 Reward Point on every Rs. 100 that you spend using the SimplySAVE SBI Card.
  • Use your Reward Points to pay the outstanding balance on your credit card or redeem against a wide array of gifts.

Welcome Offer 

  • Get ₹ 100 cash back on your first ATM cash withdrawal, if done within 30 days of receiving your card.

Worldwide Acceptance

  • You can use your SimplySAVE SBI Card in over 24 million outlets across the globe, including 3,25,000 outlets in India.
  • Use your card to make payments at any outlet that accepts Visa or MasterCard.

Add-on Cards

  • With SimplySAVE SBI Card, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18. 

Cash on the GO 

  • Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.

Utility Bill Payment Facility

  • Pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your SimplySAVE SBI Card.

Balance Transfer on EMI 

  • Save money while paying your credit card dues.
  • Transfer the outstanding balance of other banks’ credit cards to your SimplySAVE SBI Card, and avail a lower rate of interest and pay back in EMIs.
  • Log on to sbicard.com with your user ID and password to take benefit of this service.

Flexipay 

  • With Flexipay, convert your transactions in easy monthly installments. Make any purchase for Rs. 2,500 or more using your SimplySAVE SBI Card , and log in with your username and password to sbicard.com within 30 days of purchase to convert it into Flexipay

Easy Money

  • With Easy Money, you can get a draft or cheque against your cash limit and get it delivered to your doorstep.

Fee & Charges

Fees

  • Annual Fee (one-time): ₹ 499
  • Renewal Fee (per annum): ₹ 499 from second year onwards. Renewal Fee reversed if annual spends for last year >= ₹ 90,000.
  • Add-on Fee (per annum): Nil

Extended Credit 

  • Interest free credit period: 20-50 days, applicable only on retail purchases and if previous months’ outstanding balance is paid.
  • Finance charges: Up to 3.35% per month, accounting to 40.2% per annum from the transaction.
  • Minimum amount due: 5% of Total Outstanding (Min. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any).

Cash Advance

  • Cash Advance Limit: Up to 80% of credit limit, with a maximum of ₹ 12,000 per day
  • Free Credit Period: Nil
  • Finance charges: Up to 3.35% per month, accounting to 40.2% per annum from the date of withdrawal.

Cash Advance Fee 

  • SBI ATMs or other ATMs: 2.5% of transaction amount, subject to a minimum of ₹ 300.
  • International ATMs: 3% of transaction amount, subject to a minimum of ₹ 300

Other Charges 

  • Cheque pick up:  ₹ 90
  • Payment Dishonour fee: 2% of the payment amount, subject to a minimum of ₹ 450
  • Statement retrieval:  ₹ 100 per statement, which is two or more months old.
  • Charge slip retrieval:  ₹  225 per charge slip.

Late payment:

  • Nil for total amount due from ₹ 0 to ₹ 200
  • ₹ 100 for total amount due greater than ₹ 200 and up to ₹ 500
  • ₹ 400 for total amount due greater than ₹ 500 and up to ₹ 1,000
  • ₹ 500 for total amount due greater than ₹ 1,000 and up to ₹ 10,000
  • ₹ 750 for total amount due greater than ₹ 10,000
  • Over limit: 2.5% of over limit amount subject to a minimum of ₹ 500
  • Card replacement: ₹ 100
  • Emergency card replacement, when abroad: Actual cost, with a minimum of $175
  • Foreign currency transaction: Conversion mark up – 3.5%
  • Rewards redemption fee: ₹ 99
  • Cash Payment fee: ₹ 100

Surcharge 

  • Railway tickets through Railway counters: ₹ 30 + 2.5% of transaction amount
  • Fuel and all products and services sold at petrol pumps: 1% fuel surcharge waiver for each transaction between ₹ 500 and ₹ 3,000, exclusive of applicable taxes, wherever applicable and all other charges. Maximum surcharge waiver of ₹ 100 per statement cycle, per credit card account.
  • 1% of transaction amount (Min. 10) for transaction Amount between ₹ 500 to ₹ 3,000

Order of Payment Settlement 

  • All payments made for a cardholder account will be settled in the order of Minimum Amount Due (which is inclusive of all applicable taxes + EMI on EMI based products + 5% of Total Outstanding), Fees & Other Charges, and Interest charges, Balance Transfer Outstanding, Purchase Outstanding and Cash Advance.

(Source – SBI Card)