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SimplySAVE Card 2021

SimplySAVE Card Fee and Charges

Last Updated 08th Oct 2021
Joining fees₹ 499
First Year Annual Fees ₹ 499
Renewal Fees from 2nd Year ₹ 499
Interest Rate/ Finance Charges per month3.35%
Brand Partner N/A
Late Payment Charges ₹ 950
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SimplySAVE Card Features

  • Annual fees reversal on spend of ₹ 1,00,000 and above
  • Withdraw cash worldwide from over 1 million Visa or MasterCard ATMs
  • With easy bill pay facility on your card, pay your electricity, telephone, mobile and other utility bills
  • Free Add-On credit card facility

SimplySAVE Card Benefits

  • Get 10 reward points per ₹100 spent on dining, Movies & grocery spends
  • 1% fuel surcharge waiver at any petrol pump
  • Spend ₹ 2,000 or more in first 60 days & get 2,000 bonus points

SimplySAVE Card Eligibility

An applicant needs to meet the following criteria to get SimplySAVE Card from SBI:

  • Income: SBI requires a minimum monthly income of ₹ 20,000 or above is to be eligible for SimplySAVE Card.
  • Age: The applicant should be of of minimum 21 years to be eligible for SimplySAVE Card.
  • CIBIL: SBI require a minimum CIBIL score of 700 for issuing its SimplySAVE Card.
  • Occupation: SBI offers this credit card to both, salaried and self employed professionals and businessman with regular source of income.
Eligibility ParametersCriteria
Income ₹ 20,000
Age Min 21 years
CIBIL Score700 and above
OccupationSalaried and Self Employed

More about Lifestyle Card

  • In India there are plethora of lifestyle cards which are available in the country. Lifestyle card offers host of upgrades, services and benefits for those who frequently prefer to go on holidays with family/friends and enjoy a luxurious and personalized travel and stay experience. These cards designed to cater the customer base who wish to live a luxury lifestyle.
  • Enjoy fine-dining with host of features such as priority booking, discount offers, rewards and customized support at participating restaurants.
  • Book flight tickets, hotel stay, movie tickets & recharge your mobile/DTH.
  • Get access to world class golf courses.
  • Some card offer a friendly escort to guide you in a new country, remove language barrier and ensuring that all arrangements are in place.
  • Complementary travel & medical insurance cover with some cards of this category.

More about Shopping Card

  • Shopping credit cards are the most popular category of credit cards as it helps people save on shopping various items. Shopping card offers attractive cash back or reward points, every time you spend a certain amount on pre-specified categories on the card. The demand for such cards is so high that almost all the banks are offering these cards. You can enjoy cash backs, reward points and schemes like one plus one.
  • Easy to pay on your online shopping deals.
  • Saves time and effort of paying in cash.
  • Allows conversion of your shopping bills into convenient monthly payments (EMIs).
  • Earn Discount/Cash back or rewards points offers on pre-specified categories of spend or shopping outlets including dining, departmental stores, grocery and international spends.

More about Rewards Card

  • Get rewards for spending
  • Rewards card offers you reward points, every time you spend on pre-specified categories. Get attractive gift vouchers and discount coupons available on accumulated reward points.
    Rewards cards are similar to cash back credit cards, but instead of receiving cash when you spend you gain reward points which can be converted into vouchers spendable at a large range of retailers.
  • Receive rewards at leading hotels, dining outlets, apparel stores, departmental stores.
  • Lounge access at selected airports.
  • Enjoy offers on holidays, golfing retreats, movie tickets, dining and more.
  • Redeem awards at a large number of shopping outlets include online retailers.
  • Convert your purchases into easy to pay EMIs.

FAQs

What charges I need to pay as joining fee for SimplySAVE Card of SBI?

Joining fee charged on SBI SimplySAVE Card is ₹ 499.

What is the annual fee for SimplySAVE Card ?

Annual fee charged on SimplySAVE Card is ₹ 499.

Can I waive off my annual fee on SimplySAVE Card ?

no waiver on your SimplySAVE Card annual fee.

Is there any late payment charge on SimplySAVE Card ?

No, SBI does not charge any late payment fee on your SimplySAVE Card.

What is the second year renewal fee on SimplySAVE Card ?

SBI charges a second year renewal fee of ₹ 499 on your SimplySAVE Card

What is the interest charge per month on SimplySAVE Card ?

SBI charges an interest of 3.35% per month on SimplySAVE Card.


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SBI Credit Card News - Oct 2021
  • 2021-10-05 : SBI Partners With Indian Navy For Launch Of Credit Card
    State Bank of India (SBI) has introduced a new credit card- NAV-eCash Card- in partnership with the Indian Navy. The card is enabled with dual-chip technology which will enable online as well as offline transactions. This card is only for the officers who are posted at the countrys largest naval aircraft carrier INS Vikramaditya.
  • 2021-06-30 : Change in service charge for SBI ATM cash withdrawals
    The State Bank of India (SBI) has revised its service charges for cash withdrawals from ATMs and bank branches. The new charges would apply to the chequebook, transfer and other non-financial transactions. The new service charges will come into effect from 1 July 2021 and will be applicable for Basic Savings Bank Deposit (BSBD) account holders.
  • 2021-06-25 : SBI card and Fabindia have launched contactless co-branded credit cards
    SBI Card has joined hands with lifestyle retail chain Fabindia by launching contactless co-branded credit cards to cater to the premium segment customers. This premium card will allow the customers Direct access to Fabfamily loyalty programme Platinum Tier, Fabindia gift vouchers worth INR 1500 as a welcome benefit, along with several other exciting offers.
  • 2021-06-23 : Google Pay launches cards tokenisation with SBI and other banks
    After successfully rolling out tokenisation with Kotak Mahindra Bank, SBI Cards, and Axis Bank, Google Pay has now added debit cards by SBI, IndusInd Bank, and Federal Bank and credit cards by IndusInd Bank and HSBC India to its slate. Digital wallet platform Google Pay has expanded its network of bank partners offering cards tokenisation on the Google Pay app and added lenders including SBI, IndusInd Bank, Federal Bank, and HSBC India. Google has rebranded its Tez app, launched in September, as Google Pay—the catch-all label for its payments services.
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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