Central Bank of India SimplySave SBI Card

The Central Bank of India SimplySave SBI Card, a collaborative effort of the State Bank of India and Central Bank of India, offers users exclusive travel discounts and the opportunity to accumulate bonus reward points with each usage. The annual fee for this card is Rs. 499.

Key Highlights of Central Bank of India SimplySave SBI Card

Unlock unparalleled benefits with the Central Bank of India SimplySave SBI Card.

1. Extravaganza Offer: Spend 2,000 or more in the first 60 days and receive 2,000 bonus Reward Points.

2. 10x Reward Points on Central Bank of India Simply Save SBI Card:

  • Earn 10x Reward Points.
  • Enjoy 10 Reward Points per Rs 150 spent on Dining, Movies, Departmental Stores, and Grocery Spends.
  • Earn 1 Reward Point per Rs 150 spent on all other purchases.
  • (Note: 4 Reward Points = 1)

3. Fuel Freedom on Central Bank of India Simply Save SBI Card:

  • Experience complete fuel freedom.
  • Avoid paying the 1% fuel surcharge at any petrol pump.
  • Transact an amount between Rs. 500 to Rs. 3,000 at any petrol pump in India to avail of this offer.
  • Learn more about this benefit.

4. Spend Based Reversal on Central Bank of India Simply Save SBI Card:

  • Qualify for an annual membership fee reversal starting from the second year of your subscription.
  • To avail fee reversal, spend Rs. 1,00,000 or more on your Central Bank Of India SimplySave SBI Card in the previous year.

Features and Benefits of Central Bank of India SimplySave SBI Card

The Central Bank of India SimplySave SBI Card offers several features and benefits:

1. Reward Points:

  • Earn 1 Reward Point for every Rs. 150 spent using the Central Bank SimplySave SBI Card.
  • Redeem accumulated Reward Points to pay off your credit card balance or choose from a diverse range of gifts in the Rewards Catalogue.

2. Welcome Offer:

  • Receive Rs. 100 cash back on your initial ATM cash withdrawal within 30 days of receiving your card.

3. Contactless Advantage:

  • Enjoy the ease of daily purchases with the Central Bank SimplySave SBI Card through contactless transactions.
  • Wave your card at secure readers for fast and convenient transactions.
  • Enhanced security as the card remains in your possession during transactions, minimizing the risk of loss or fraud.

4. Worldwide Acceptance:

  • Utilize your Central Bank of India SimplySave SBI Card at over 24 million global outlets, including 3,25,000 outlets in India.
  • Make payments at any outlet accepting Visa or MasterCard.

5. Add-on Cards: Empower your family by providing add-on cards to parents, spouse, children, or siblings above the age of 18.

6. Cash on the Go: Withdraw cash from over 1 million Visa or MasterCard ATMs globally.

7. Utility Bill Payment Facility: Conveniently pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay feature on your Central Bank SimplySAVE SBI Card.

8. Balance Transfer on EMI:

  • Save on credit card dues by transferring outstanding balances from other banks to your Central Bank of India SimplySave SBI Card.
  • Enjoy a lower interest rate and pay back in easy EMIs.

9. Flexipay:

  • Convert transactions of Rs. 2,500 or more into easy monthly installments with Flexipay.
  • Log on to sbicard.com within 30 days of purchase to avail of this service.

Central Bank of India SimplySave SBI Card Fees and Charges

Explore the fee structure for the Central Bank of India SimplySave SBI Card and discover the financial advantages that come with it.

  1. Initial Annual Fee: Rs. 499 (one-time payment).
  2. Subsequent Renewal Fee: Rs. 499 per year starting from the second year.
  3. Renewal Fee Waiver: The renewal fee is reversed if the annual spending for the previous year is greater than or equal to Rs. 1,00,000.
  4. Add-on Card Fee: No additional fee per year.

Eligibility Criteria for Central Bank of India SimplySave SBI Card

Here are essential criteria for applying for an Central Bank of India SimplySave SBI Card:

  1. Age Criteria: Typically, applicants should be within a certain age range, often between 21 and 65 years. The age requirement may vary, so check the specific criteria set by the bank.
  2. Income Eligibility: Banks usually have a minimum income requirement for credit card applicants. Ensure that your annual income meets or exceeds the specified limit.
  3. Credit Score: A good credit score is often a prerequisite for credit card approval. Banks generally prefer applicants with a credit score above a certain threshold. Maintain a healthy credit history for a better chance of approval.
  4. Nationality and Residency: You may need to be a citizen or a resident of the country where the bank operates. Some credit cards may have specific nationality or residency requirements.
  5. Employment Status: Banks often require applicants to be salaried or self-employed. You may need to provide proof of employment, such as salary slips or income tax returns.
  6. Documentation: Prepare necessary documents, including proof of identity (e.g., passport, Aadhar card), proof of address (e.g., utility bills, rental agreement), and income proof (e.g., salary slips, income tax returns).
  7. Existing Relationship with the Bank: Having an existing account or relationship with the issuing bank can be advantageous. Some banks may offer better terms or faster processing for existing customers.
  8. No History of Defaults: Banks generally prefer applicants with a clean credit history. If you have a history of loan defaults or late payments, it may impact your creditworthiness.
  9. Annual Fee Payment Capacity: Be aware of the annual fee associated with the credit card. Ensure that you are comfortable paying the annual fee, if applicable.
  10. Meeting Specific Card Requirements: Some credit cards may have specific eligibility criteria or features. Ensure that you meet any additional requirements specified for the Central Bank of India SimplySave SBI Card.

Documents Required for Central Bank of India SimplySave SBI Card

To apply for the Central Bank of India SimplySave SBI Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhar card
  • Passport
  • Voter ID
  • Driving license
  • PAN card

2. Address Proof:

  • Utility bills (electricity, water, gas)
  • Rental agreement
  • Passport
  • Aadhar card
  • Driving license

3. Income Proof:

  • Salary slips (for salaried individuals)
  • Income tax returns (ITR)
  • Form 16
  • Bank statements
  • Proof of business income (for self-employed individuals)

4. Passport-size Photographs: Recent passport-size photographs may be required for identity verification.
5. Application Form: Complete and signed credit card application form provided by the bank.
6. Employment Proof:

  • For salaried individuals, a certificate from the employer may be required.
  • For self-employed individuals, business registration documents may be necessary.

7. Credit Score: While not a document you submit, the bank may check your credit score as part of the application process.
8. Bank Statements: Recent bank statements may be requested to verify your financial stability.
9. Other Supporting Documents: Depending on your specific situation, the bank may request additional documents for verification.

How To Apply for Central Bank of India SimplySave SBI Card?

Follow these steps to apply for the Central Bank of India SimplySave SBI Card online or offline:

Online Application:

  1. Visit the Official Website:
    Go to the official website of Central Bank of India or State Bank of India, or visit the website of the card issuer, depending on the instructions provided.
  2. Navigate to Credit Cards Section:
    Look for the “Credit Cards” section on the website. Once there, find the SimplySave Card and click on the “Apply Now” or a similar link.
  3. Fill in the Online Application Form:
    Complete the online application form with accurate personal and financial information. Ensure that you provide all required documents and details.
  4. Submit Documents:
    Upload the necessary documents, such as identity proof, address proof, and income proof, as specified by the bank.
  5. Review and Submit:
    Review the information entered and submit the application. Make sure to double-check all details before finalizing the submission.
  6. Application Tracking:
    After submission, you may receive an application reference number. Use this number to track the status of your application through the bank’s website.

Offline Application:

  1. Visit the Nearest Branch:
    Locate the nearest branch of the Central Bank of India or State Bank of India, as per the card issuer’s instructions.
  2. Collect Application Form:
    Request the application form for the SimplySave Card from the bank’s representative or the customer service desk.
  3. Fill in the Form:
    Fill out the application form with accurate details. You may need to attach photocopies of necessary documents, so carry them along.
  4. Submit the Application:
    Once the form is complete, submit it along with the required documents to the bank representative. They will guide you on the further process.
  5. Application Tracking:
    Collect any reference number or acknowledgment receipt for tracking the status of your application. You can inquire about the status later through the bank’s customer service or website.

Frequently Asked Questions (FAQs) –

1. What is the Central Bank of India SimplySave SBI Card?

The SimplySave SBI Card is a credit card offered through a collaboration between Central Bank of India and State Bank of India. It provides various benefits such as travel discounts and bonus reward points.

2. How can I apply for the Central Bank SimplySave SBI Card?

You can apply for the card online by visiting the official websites of Central Bank of India or State Bank of India. Alternatively, you may visit a branch of either bank to apply offline.

3. What are the eligibility criteria for the Central Bank SimplySave SBI Card?

Eligibility criteria may include age requirements, minimum income levels, a good credit score, and other factors. Check with the issuing banks for specific eligibility details.

4. What documents are required for the Central Bank SimplySave SBI Card application?

Commonly required documents include proof of identity, address, income, passport-size photographs, and a completed application form. Specific document requirements may vary, so check with the banks for the latest information.

5. Is there an annual fee for the Central Bank of India SimplySave SBI Card?

Yes, there is an annual fee associated with the card. As of the latest information, the annual fee is Rs. 499. However, check with the banks for any updates on fees.

6. What benefits does the Central Bank of India SimplySave SBI Card offer?

The card provides travel discounts, and users can earn bonus reward points with each usage. Specific benefits may vary, so review the card details for a comprehensive understanding.

7. Can existing customers of Central Bank of India or State Bank of India apply for the SimplySave SBI Card more easily?

Having an existing relationship with the banks might be advantageous, but the application process remains the same for both existing and new customers. Existing customers may benefit from a smoother process.

8. How can I check the status of my SimplySave SBI Card application?

After applying, you can track the status of your application online using the application reference number provided during the application process. Alternatively, you can inquire with the banks directly.

9. What should I do if my application for the SimplySave SBI Card is rejected?

If your application is rejected, you can contact the banks to inquire about the reasons for rejection. Taking corrective actions, such as improving your credit score, may increase your chances in the future.

10. How can I contact customer support for the SimplySave SBI Card?

You can reach out to customer support through the helpline numbers provided on the official websites of Central Bank of India and State Bank of India. Additionally, you may visit the nearest bank branch for assistance.