How to apply for SBI Simply Save Credit Card:- SBI launched SimplySAVE Credit Card in March, 2018 to cater to its young customers who love to eat out, shop and frequent malls and movie theatres. This card has the same features for offline purchases as SBI’s other cards for online purchases in SimplyCLICK. Simply put, SBI’s SimplyCLICK is ideal for online shopping and SimplySAVE is for offline shopping. The fee is not very high and it is an easy-to-implement card.
How to apply for SBI Simply Save Credit Card
SBI SimplySAVE Credit Card is an entry-level offering by SBI Cards. The card comes with an annual fee of just Rs 499 and is quite comparable with the SBI SimplyCLICK Credit Card. It welcomes you with 2,000 bonus reward points, which is equivalent to Rs.500 and hence gets you back as joining fee rewards. While the SimplyCLICK card earns instant reward points on online spends, the SimplySAVE SBI Credit Card lets you earn instant reward points on spending across categories like Dining, Movies, Grocery and Departmental Stores. This card is generally a great option for those looking for a basic card with maximum savings opportunities in these specialty categories.
In addition to its rewards programmer, the card allows you to waive off the annual membership fee by achieving a milestone spend of Rs 1 lakh every year. Like the SBI Simply Click Credit Card, the SimplySAVE SBI Card also does not offer any value-added travel/dining/movie benefits, however, you earn accelerated reward points on dining and movie spends. This is because the card targets people who are beginner credit card users or those who want an affordable card to save more. Read on to know more about this entry-level credit card from SBI Card, its benefits, and fees and charges.
How to Apply for SBI SimplySAVE Credit Card Details
| Article Name | apply for SBI SimplySAVE Credit Card |
| Category | How To Guide |
| Year | 2023 |
| Official website | sbicard.com |
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Features of SBI SimplySAVE Credit Card
- One time joining fee, which SBI calls an annual fee of Rs 499 + taxes.
- An annual fee or renewal fee, which has to be paid every year at Rs 499 + taxes.
- No renewal fee on annual spend of Rs 1 lakh on the credit card.
Benefits of SBI SimplySAVE Credit Card
Additional Features of SBI SimplySAVE Card
| item | Benefit |
|---|---|
| welcome benefit | On spending Rs.2,000 or more in the first 60 days, you get 2,000 Bonus Reward Points. This offer is valid for new cards only and is not applicable for upgraded, reissued, exchanged and renewed cards. |
| Reward points are credited to the user’s SBI Card account within 60 days of the eligible transaction. | |
| A maximum of 2000 points can be earned per SBI card account under this offer. | |
| fuel surcharge waiver | 1% surcharge will not be charged on fuel transactions between Rs 500 and Rs 3,000. |
| add-on card | This facility is available for parents, spouse, children or siblings above the age of 18 years. |
| Balance Transfer on EMI | This exact facility is also available with the SBI SimplyCLICK Credit Card, where the cardholder can transfer the balance of other credit cards to SimplySAVE and earn money back at a lower rate of interest for a specified period of time. |
| easy money | You can receive the check at the time of need as per the credit limit provided at the postal address (interest of 2.45% + 1.5% or INR 199, whichever is higher, will be charged). Applications for this can be submitted online. |
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Credit Card Reward Points
- 10X Reward Points on every Rs.100 spent on Dining, Movies, Departmental Store and Grocery spends.
- On any other spend, 1 reward point per Rs.100 spent.
Joining & Annual Fee & Other Charges
| fees and charges | rupees |
|---|---|
| joining fee | Rupee. 499 (plus applicable taxes) |
| renewal fees | Rupee. 499 (plus applicable taxes) |
| expense based discount | Renewal fee waived off on expenditure of Rs 1 lakh in the previous year |
| Rewards Redemption Fee | Rupee. 99 (plus applicable taxes) per reward request |
| foreign currency markup | 3.5% of the transaction amount |
| interest rates | 3.50% per month (or 42% annually) |
| fuel surcharge | 500 and Rs. 1% fuel surcharge will be waived off on transactions between Rs.3,000 (maximum rebate limited to Rs.100 per month). |
| cash advance charges | 2.5% of the withdrawal account or Rs. 500 (whichever is higher) |
| Add-on Card Fee | Zero |
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Eligibility Criteria For SBI SimplySAVE Card
Applicant must be an Indian resident
The age of the applicant should be between 21 years to 70 years.
The applicant should have a good CIBIL score (above 750) and should not be a previous loan/credit card defaulter.
| criteria | age | Income |
|---|---|---|
| salary | 18 Year- 65 Year | 20,000 rupees per month |
| self employer | 21 Year- 65 Year | 20,000 Rupees per month (as per ITR) |
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Can you apply for SimplySAVE SBI Card on any other credit card?
Yes you can. The minimum income required to do so is equal to ₹ 30,000 per month. The card against which the SimplySAVE card is applied for must have been in use for at least 6 months. Also, the card should not have any late payment charges, for which the last 2 months statement will be required to process the application.
SBI SimplySAVE Card Bill Payment Online
Pay bills on time to avoid default and the problems that come with it. But often the payments get delayed or even skipped, resulting in a bad credit score of the cardholder. However, you can easily overcome the delay by adding your SimplySAVE SBI Card to the billers list through net banking.
If you are using internet banking of SBI and any other bank then you just need to mention the card number correctly. And on or before the due date, you can login and make payment from the comfort of your home or office. Most probably your card will already be registered in SBI net banking. However, you will receive an SMS indicating the total due and due date. Thus you can note down the message and act accordingly.
SBI SimplySAVE Card Credit limit?
The credit limit depends on income, credit score, stability of job or business etc. So to get the higher limit, it is important to earn significantly, have a credit score of more than 750 points, as well as have a good stability in the job or business. Existing cardholders can increase the credit limit by asking SBI to do so. SBI, after receiving the limit enhancement request, will check the repayment pattern, employment and business details before taking a decision on limit enhancement.
A high limit, if given, does not mean that you should spend more than your ability to pay back on time. Overspending can lead to a default-like situation, which is definitely not a situation you want to be in. The reasons are obvious, the credit score will come down, making it difficult to get easy approval for the credit you may apply for in the future.
Moreover, you will struggle to meet other financial liabilities that you may have to meet on a monthly basis. Also, don’t be too low in utilization as this will make it difficult for you to build a credit history. Hence, you need to strike a balance between expenses, translating into a good credit history, to ensure a reasonable credit utilization ratio.
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Card customer care numbers
Clear all your doubts by dialing SBI Credit Card customer care number, ie 39 02 02 02 (Prefix Local STD Code) or 1860 180 1290. The moment you dial this number, the customer care executives of the bank can easily resolve your credit card queries and complaints. These officers are always there to help you in this task.
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How to apply for SimplySAVE SBI Card?
If you’re looking to save on your everyday expenses, then the SimplySAVE SBI Card is the perfect solution. With SimplySAVE, you can earn cashback on your spending, and there are no annual fees or minimum deposit requirements – meaning you can start saving immediately. To apply for the SimplySAVE SBI Card, simply complete the application form below and we will get in touch with you to discuss your eligibility and provide more information about the card. You can apply on the official website of SBI by following the simple steps shown below.
- go to sbicard.com
- Go to Credit Cards and click on Shopping
- Click on Apply Now in front of Simply Save SBI Card
- Enter the details correctly before submitting your application
- The details will be thoroughly scrutinized before the bank gives the OK to the application.
Documents required for credit card
In order to verify all the details mentioned on your credit card application, you need to upload or submit certain documents to your card issuer. Following are the documents required to apply for SimplySAVE Card:
Identity Proof – Aadhaar Card, PAN Card, Voter ID Card, Driving License or Passport.
Address Proof – Aadhaar Card, Ration Card, Utility Bill, Passport, or Driving License.
Income Proof – Latest Bank Statement, Latest Salary Slip, or Latest Account Audited Financial Report.
SimplySAVE SBI Card at Bank Branch
- Visit nearest SBI branch
- Ask for Credit Card Application Form
- Tick SimplySAVE SBI Card from the option printed on the form
- Fill personal and business details correctly
- Submit the form along with the relevant documents to the concerned officer
- Your application will be processed later. The details shared will be thoroughly scrutinized and only when found genuine in the verification process, you will get permission from the bank.
FAQ
What is the minimum salary to apply for credit card in SBI?
With INR 18,000 per month, you may get a SBI credit card. Other cards, however, might have different income based on characteristics and capabilities. To receive a credit card from SBI, the customer must prove that he or she has a consistent source of income.
Is SBI Simply Save credit card free?
Rs.499 is the first-year (joining) fee. From the second year onwards, you'll have to pay an annual fee of Rs.499. If you charge more than Rs.1 lakh to your card in a year, this fee is forgiven.
What is the due date for SBI simply save credit card?
For any amount between the outstanding amount or Minimum Amount Due, the cardholder must make payment by November 22nd, i.e. 20 days from the Statement Date.
What is the disadvantage of SBI credit card?
For post-purchase EMIs, the SBI Credit Card EMI rate might be as high as 1.5%, but for Merchant EMIs, it might be as high as 14%. The amount is blocked against the total available credit limit when consumers utilize the credit limit.
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