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SimplySAVE SBI Card 2020

SimplySAVE SBI Card Fee and Charges

Last Updated 02nd Dec 2020
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 SBI Card Features

  • Annual fees reversal on spend of Rs. 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 SBI Card Benefits

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

SimplySAVE SBI Card Eligibility

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

  • Income: SBI requires a minimum monthly income of ₹ 20,000 or above is to be eligible for SimplySAVE SBI Card.
  • Age: The applicant should be of of minimum 21 years to be eligible for SimplySAVE SBI Card.
  • CIBIL: SBI require a minimum CIBIL score of 700 for issuing its SimplySAVE SBI 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

  • Live a dream lifestyle
  • 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.
  • 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

  • Get smart with your spends
  • Shopping card offers attractive cash back or reward points, every time you spend a certain amount on pre-specified categories on the card.
  • 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 SBI Card of SBI?

Joining fee charged on SBI SimplySAVE SBI Card is ₹ 499.

What is the annual fee for SimplySAVE SBI Card ?

Annual fee charged on SimplySAVE SBI Card is ₹ 499.

Can I waive off my annual fee on SimplySAVE SBI Card ?

info_waiver_txt no waiver on your SimplySAVE SBI Card annual fee.

Is there any late payment charge on SimplySAVE SBI Card ?

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

What is the second year renewal fee on SimplySAVE SBI Card ?

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

What is the interest charge per month on SimplySAVE SBI Card ?

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


Credit Card Reviews 2.5/5  by 1 customers
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Banks Service
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Govind Bhai Darji, Ahmedabad
Reviewed on 14th Oct 2019
2.5 / 5 stars
SBI Credit Card Availed in Jun 2019

Good job.

SBI Credit Card News - Dec 2020
  • 2020-11-25 : Contactless payment by Mastercard on the SBI Card App
    The introduction of their contactless payments on the SBI Card app was announced today by Mastercard and SBI Cards. It is the first credit card issuer app in India to use the Mastercard Digital Enablement Service, tokenization network of Mastercard. In this programme, customers need not carry physical cards and can use their mobile devices to shop at any contactless point of sale terminal. So, with only a tap on their cell phone, cardholders can pay up to ₹ 2,000, and for payments above ₹ 2000, cardholders will have to enter the PIN.
  • 2020-11-11 : SBI to focus on financial inclusion
    SBI is planning to increase the share of its newly created business vertical, financial inclusion and micro-markets from the current 12% to 20% by March 2022. The bank recently created a separate FI&MM vertical within the bank with an aim of financial inclusion of rural and semi-urban areas to improve customer experience in the hinterland.
  • 2020-11-05 : SBI net profit rises to ₹4,574 crores in Q2
    SBI September quarter net profit jumped 52% year-on-year to Rs 4,574.16 crore as the provisions declined during the quarter. Credit growth for the bank logged an improvement of 6.02% over the previous year driven by home, personal, car, two-wheeler and gold loan along with mudra and business loan. Total advances at the end of Q2 were at Rs 23.83 trillion. Further, total Deposits which includes fixed and recurring deposits grew at 14.4% on a yearly basis to Rs 34.70 trillion, out of which current account deposit grew by 8.55% YoY while saving bank deposits grew by 16.28 per cent YoY.
  • 2020-11-05 : SBI Card and Paytm launch credit cards
    SBI Card launched credit cards in partnership with the digital payment platform Paytm. The partnership launched Paytm SBI Card and Paytm SBI Card SELECT. The joint venture is aiming to offer customers tailored products which bring maximum value in line with spending needs and to encourage digital forms of payments for a safe and enhanced customer experience.
  • 2020-09-30 : SBI in tie-up to offer digital payment solutions to HUL retailers and distributors
    State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) have signed a memorandum of understanding (MoU), under which the bank will provide its digital payment and financing solutions to the FMCG company’s retailers and distributors.
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