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SBI Simply CC

SBI SimplySave Credit Card is a popular credit card option offered by the State Bank of India (SBI). This credit card is designed to provide maximum benefits to its users. If you’re looking for a credit card that offers great rewards and discounts, then the SBI SimplySave Credit Card may be the perfect choice for you.

In this comprehensive guide, we will take a closer look at the SBI SimplySave Credit Card. We’ll explore its features, benefits, rewards, fees, eligibility, and everything you need to know before applying for this card.

sbi card

What is SBI SimplySave Credit Card?

SBI SimplySave Credit Card is a rewards credit card offered by the State Bank of India (SBI). This credit card is designed to provide maximum benefits to its users, especially those who spend a lot on their credit cards. With the SBI SimplySave Credit Card, you can enjoy great rewards, discounts, and offers on your everyday spends.

Features of SBI SimplySave Credit Card

The SBI SimplySave Credit Card comes with a host of features that make it a popular choice among credit card users. Here are some of its key features:

  • The SBI SimplySave Credit Card offers a welcome gift of Rs. 500 worth of cashback on your first transaction within 30 days of card issuance.
  • It comes with an annual fee of Rs. 499, which is waived off if your annual spending is more than Rs. 1 lakh.
  • The credit card offers a fuel surcharge waiver of 1% on transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India.
  • The SBI SimplySave Credit Card comes with contactless payment technology, which allows you to make payments without physically swiping or inserting your credit card.
  • It also offers easy bill payment options and instant EMI facility.
  •  10X Reward Points on grocery shopping, dining & movies (4 reward points = ₹1)
  •  Fuel Surcharge Reversal up to ₹100 per month (on fuel bill between ₹500 to ₹3000)
  • Annual membership fee is reversed from next year if total spend is more than ₹lakh in the previous year
  • Free add on card for family members

Benefits of SBI SimplySave Credit Card

The SBI SimplySave Credit Card offers a range of benefits to its users. Here are some of its key benefits:

  • The credit card offers 10 reward points for every Rs. 100 spent on dining, movies, grocery, and departmental stores.
  • It also offers 1 reward point for every Rs. 100 spent on other categories.
  • You can earn up to Rs. 2,000 worth of cashback every year on your spends.
  • The SBI SimplySave Credit Card also offers a milestone reward of Rs. 2,000 if your annual spending exceeds Rs. 2 lakh.
  • You can also enjoy discounts and offers on dining, movies, and shopping with the SBI SimplySave Credit Card.

Eligibility for SBI SimplySave Credit Card

To be eligible for the SBI SimplySave Credit Card, you need to meet the following criteria:

  • You must be a citizen of India or a non-resident Indian (NRI).
  • You must be between 21 to 70 years of age.
  • You must have a stable source of income.

How to apply for SBI SimplySave Credit Card?

You can apply for the SBI SimplySave Credit Card online by following the below steps:

  1. Visit the SBI credit card application page.
  2. Fill in your personal details and contact information.
  3. Choose the SBI SimplySave Credit Card as your preferred card.
  4. Submit the required documents, such as your identity proof, address proof, and income proof.
  5. Wait for the bank to review your application and approve your credit card.

Fees and charges of SBI SimplySave Credit Card

The SBI SimplySave Credit Card comes with certain fees and charges that you should be aware of. Here’s a list of some of the fees and charges associated with this credit card:

  • Annual fee: Rs. 499 (waived off if annual spending exceeds Rs. 1 lakh)
  • Renewal fee: Rs. 499
  • Interest rate: 3.35% per month
  • Cash advance fee: 2.5% of the transaction amount (minimum Rs. 500)
  • Late payment fee: Rs. 100 to Rs. 750 (depending on the outstanding balance)
  • Over-limit fee: 2.5% of the over-limit amount (minimum Rs. 500)
  • Foreign currency transaction fee: 3.5% of the transaction amount

Rewards and offers of SBI SimplySave Credit Card

The SBI SimplySave Credit Card offers a range of rewards and offers to its users. Here are some of its key rewards and offers:

  • 10 reward points for every Rs. 100 spent on dining, movies, grocery, and departmental stores.
  • 1 reward point for every Rs. 100 spent on other categories.
  • Cashback of Rs. 500 on your first transaction within 30 days of card issuance.
  • Up to Rs. 2,000 worth of cashback every year on your spends.
  • Milestone reward of Rs. 2,000 if your annual spending exceeds Rs. 2 lakh.
  • Discounts and offers on dining, movies, and shopping.

How to redeem rewards points of SBI SimplySave Credit Card?

You can redeem your rewards points earned on your SBI SimplySave Credit Card through the following steps:

  1. Log in to your SBI Card account.
  2. Click on the ‘Rewards’ tab and select ‘Redeem Rewards.’
  3. Choose the reward category and the number of points you want to redeem.
  4. Confirm the redemption request and the reward points will be credited to your account.

Tips to use SBI SimplySave Credit Card effectively

To make the most of your SBI SimplySave Credit Card, here are some tips you should follow:

  • Use your credit card for everyday spends to earn maximum rewards points.
  • Pay your credit card bills on time to avoid late payment fees and interest charges.
  • Keep track of your spending and stay within your credit limit to avoid over-limit fees.
  • Choose merchants that offer discounts and offers on SBI SimplySave Credit Card to save more.
  • Redeem your reward points on time to avoid expiration.

Frequently asked questions about SBI SimplySave Credit Card

1. What is the annual fee for SBI SimplySave Credit Card?

Ans: The annual fee for SBI SimplySave Credit Card is Rs. 499.

2. Can the annual fee be waived off on SBI SimplySave Credit Card?

Ans: Yes, the annual fee on SBI SimplySave Credit Card can be waived off if your annual spending exceeds Rs. 1 lakh.

3. What is the interest rate on SBI SimplySave Credit Card?

Ans: The interest rate on SBI SimplySave Credit Card is 3.35% per month.

4. How can I apply for SBI SimplySave Credit Card?

Ans: You can apply for SBI SimplySave Credit Card by visiting the SBI credit card application page and following the steps mentioned there.

5. What are the rewards and offers on SBI SimplySave Credit Card?

Ans: SBI SimplySave Credit Card offers rewards such as 10 reward points for every Rs. 100 spent on dining, movies, grocery, and departmental stores, and 1 reward point for every Rs. 100 spent on other categories. It also offers cashback of Rs. 500 on your first transaction within 30 days of card issuance, up to Rs. 2,000 worth of cashback every year on your spends, and discounts and offers on dining, movies, and shopping.

Conclusion

SBI SimplySave Credit Card is a great option for those looking for a credit card with affordable fees and charges, and attractive rewards and offers. By using this credit card effectively, you can not only earn rewards points but also save money on your everyday spends. However, it’s important to be mindful of the fees and charges associated with the card and to use it responsibly to avoid falling into debt.

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