PSB SimplySAVE SBI Card

The PSB SimplySAVE SBI Card stands as a distinctive offering in the realm of credit cards, a collaborative endeavor between State Bank of India (SBI) and Punjab & Sind Bank. This credit card is meticulously crafted to cater to the diverse financial needs of individuals, presenting a range of benefits and features tailored to enhance the cardholder’s lifestyle. From lucrative rewards and cashback opportunities to a user-friendly interface, the PSB SimplySAVE SBI Card reflects a commitment to providing a seamless and rewarding financial experience. Whether you’re a seasoned credit card user or navigating the credit landscape for the first time, the PSB SimplySAVE SBI Card beckons as a versatile and value-packed choice.

Key Highlights of PSB SimplySAVE SBI Card

  1. Spend Rs. 2,000 or more in the first 60 days and receive 2,000 bonus Reward Points.
  2. UCO Bank SBI Simply Save Card offers 10x Reward Points.
  3. Earn 10 Reward Points for every Rs. 150 spent on Dining, Movies, Departmental Stores, and Grocery Spends.
  4. Gain 1 Reward Point for every Rs. 150 spent on all other expenses (4 Reward Points = Rs. 1).
  5. No Fuel Surcharge on UCO Bank Simplysave SBI Card, providing complete freedom from the 1% Fuel Surcharge at any petrol pump.
  6. Avail the fuel surcharge waiver by transacting an amount between Rs. 500 to Rs. 3,000 at any petrol pump in India.
  7. Spend Based Fee Reversal on UCO Bank Simplysave SBI Credit Card.
  8. Get an annual membership fee reversal starting from the second year of your subscription.
  9. To qualify for the fee reversal, ensure you have spent Rs. 1,00,000 or more on your PSB SimplySAVE SBI Card in the previous year.

Features and Benefits of PSB SimplySAVE SBI Card

The PSB SimplySAVE SBI Card offers several features and benefits:

1. Reward Points:

  • Earn 1 Reward Point for every Rs. 150 spent with the PSB SimplySAVE SBI Card.
  • Redeem accumulated Reward Points to settle Credit Card balances or choose from a diverse range of gifts in our Rewards Catalogue.

2. Welcome Offer:

  • Receive Rs. 100 cashback on your initial ATM cash withdrawal within 30 days of receiving your Credit Card.

3. Contactless Advantage:

  • Conduct daily transactions effortlessly with the PSB SimplySAVE SBI Card using contactless technology.
  • Enjoy fast and convenient payments by waving your card at secure readers, eliminating the need for physical card handling.
  • Enhanced security features, such as a unique security key in RuPay Contactless, minimize the risk of card loss and fraud during transactions.

4. Worldwide Acceptance:

  • Utilize your PSB SimplySAVE SBI Card at over 44 million global merchant locations, including 3.7 million terminals in India.
  • Look for Pulse, Discover & Diners Plus signage for international acceptance.

5. Add-on Cards:

  • Empower your family by providing add-on cards for parents, spouse, children, or siblings above 18 years with the PSB SimplySAVE SBI Card.

6. Cash on the Go:

  • Withdraw cash from 2 million global ATMs across 190 Countries/Territories, including 43,000 SBI ATMs in India.

7. Utility Bill Payment Facility:

  • Conveniently pay electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility on your PSB SimplySAVE SBI Card.

8. Flexipay:

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

9. Balance Transfer on EMI:

  • Save on credit card dues by transferring outstanding balances from other banks’ credit cards to your PSB SimplySAVE SBI Card.
  • Avail a lower interest rate and pay back in easy EMIs by logging onto sbicard.com with your user ID and password.

PSB SimplySAVE SBI Card Fees and Charges

Explore the fee structure for the PSB SimplySAVE SBI Card and discover the financial advantages that come with it.

1. Annual Fee (One-Time):

  • Amount: Rs. 499 + Taxes

2. Renewal Fee (Per Annum):

  • Amount: Rs. 499 + Taxes (Applicable from the second year onward)
  • Renewal Fee Reversed if Annual Spends for the Last Year >= Rs. 1,00,000.

3 Add-On Fee (Per Annum):

  • Amount: NIL

Eligibility Criteria for PSB SimplySAVE SBI Card

Here are essential criteria for applying for an PSB SimplySAVE SBI Card:

  1. Age: The primary cardholder should typically be within a specified age range, often between 21 to 65 years.
  2. Income: Applicants should have a minimum income level to qualify for the card. This requirement ensures the individual’s financial capability to manage credit.
  3. Employment: Salaried individuals often need to provide proof of employment, such as salary slips or employment letters. Self-employed individuals may need to submit income tax returns or business financial statements.
  4. Credit Score: A good credit score is usually a key factor. Applicants with a higher credit score have a better chance of approval.

Documents Required for PSB SimplySAVE SBI Card

To apply for the PSB SimplySAVE SBI Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhar card
  • Passport
  • Voter ID
  • Driver’s license

2. Address Proof:

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

3. Income Proof (Salaried Individuals):

  • Latest salary slips
  • Form 16
  • Employment letter

4. Income Proof (Self-Employed Individuals):

  • Income tax returns
  • Business financial statements
  • Proof of business ownership

5. Photographs:

  • Passport-sized photographs of the applicant

How To Apply for PSB SimplySAVE SBI Card?

Follow these steps to apply for the PSB SimplySAVE SBI Card:

1. Visit the Official Website:

  • Go to the official website of the bank or financial institution that issues the PSB SimplySAVE SBI Card. Navigate to the credit card section.

2. Choose the PSB SimplySAVE SBI Card:

  • Locate the PSB SimplySAVE SBI Card among the available credit card options. Review its features, benefits, and terms to ensure it meets your requirements.

3. Click on “Apply Now” or “Online Application”:

  • Once you’ve chosen the PSB SimplySAVE SBI Card, look for an “Apply Now” or “Online Application” button. Click on it to initiate the application process.

4. Fill Out the Application Form:

  • Complete the online application form with accurate and relevant information. You may need to provide details such as personal information, contact details, employment details, income information, and more. Ensure that you have all necessary documents ready to upload or refer to during this process.

5. Submit the Application:

  • After filling out the form, carefully review the information to avoid errors. Upload any required documents as per the instructions. Once everything is in order, submit the application.

Frequently Asked Questions (FAQs)

1. What is PSB SimplySAVE SBI Card?

PSB SimplySAVE SBI Card is a credit card offered by State Bank of India (SBI) in association with Punjab & Sind Bank. It is designed to provide various benefits, including rewards and cashback, to cardholders based on their spending patterns.

2. How can I apply for the PSB SimplySAVE SBI Card?

To apply for the PSB SimplySAVE SBI Card, visit the official website of SBI or Punjab & Sind Bank, navigate to the credit card section, choose the PSB SimplySAVE SBI Card, and follow the online application process.

3. What are the eligibility criteria for PSB SimplySAVE SBI Card?

Eligibility criteria may include age, income, employment status, and credit score. Specific requirements can vary, so it’s advisable to check the latest criteria provided by the issuing bank.

4. What documents are required for the PSB SimplySAVE SBI Card application?

Commonly required documents include identity proof, address proof, income proof (for both salaried and self-employed individuals), photographs, bank statements, and a duly filled application form. Refer to the bank’s guidelines for the most accurate information.

5. What are the fees associated with the PSB SimplySAVE SBI Card?

The card may have an annual fee, renewal fee, and add-on fee. Details, including amounts and conditions, can be found in the terms and conditions provided by the bank.

6. What are the rewards and benefits of the PSB SimplySAVE SBI Card?

The card typically offers rewards and cashback on specific spending categories, such as groceries, dining, and more. Check the latest reward structure and benefits outlined by the bank.

7. How can I check the status of my PSB SimplySAVE SBI Card application?

You can usually check the status of your credit card application online through the bank’s official website or by contacting their customer service. The exact process may vary, so refer to the provided instructions.

8. Can the annual renewal fee be reversed?

Yes, the annual renewal fee for the PSB SimplySAVE SBI Card may be reversed if the annual spends for the last year meet or exceed a specified amount. Check the terms and conditions for details.

9. Is there an add-on fee for supplementary cards?

As per the information available, the PSB SimplySAVE SBI Card may not have an add-on fee for supplementary cards.

10. How do I redeem the rewards earned on my PSB SimplySAVE SBI Card?

Redemption options and procedures may vary. Typically, cardholders can redeem rewards through the bank’s online portal or by contacting customer service. Refer to the bank’s guidelines for specific details on reward redemption.