MyLoanCare is a FREE of cost service for borrowers

Get Cashback of ₹ 100* on Credit Card

MyLoanCare Customer Ratings - 4.5/5.0

SimplySAVE SBI Card 2020

SimplySAVE SBI Card Fee and Charges

Last Updated 14th Jul 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

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 ?

No, there is 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
MyLoanCare Service
2/5.0
Banks Service
3/5.0
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 - Jul 2020
  • 2020-03-11 : New security rules for Debit and Credit cards
    Reserve Bank of India introduced new security rules for Debit and Credit cards. It instructed banks to restrict new credit and debit card customers from performing any transactions apart from domestic transactions at ATM and PoS terminal. For other transactions such as international, online and contactless transactions, customers have to set up services on their cards.
  • 2020-02-24 : SBI and Landmark group launched co-branded credit cards
    State Bank of India and hospitality conglomerate Landmark Group launched co-branded credit cards. The venture launched Lifestyle Home Centre SBI Card, Max SBI Card and Spar SBI Cards. These cards will provide one-stop payment solution across categories such as fashion, home furnishing, furniture and grocery. The cards are introduced to ease the payment process for users.
  • 2019-12-24 : SBI customers can now shop from SBI Card App
    Through the new SBI Card App you can make the payment just by opening the app near the POS (point of sale) terminal. In its constant effort to make digital payments a lot safer for its customers, this new step provides greater payment security by safeguarding from card cloning, skimming, etc.
  • 2019-09-03 : SBI cards plan to issue Rupay credit cards to its users
    In a bid to boost the homegrown payments network, SBI Card plans to launch a Rupay card. The Rupay card is the first Indian debit and credit card payment network. The Rupay card will be beneficial for people who travel abroad. Also, it allows users to earn cash backs, discounts, and insurance covers.
  • 2019-09-02 : SBI offers IPO Service on its credit card to boost business
    In a bid to boost its credit card business, SBI plans to run the IPO service. IPO, or Initial Public Offering enables investors to earn higher returns. The Bank plans to run this service in the last quarter of this fiscal year. This will boost the credit card users in the market and would also allow Bank to generate its expected income of Rs 80 crores.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Loader
Please wait while your information is being processed...