SBI SimplySAVE Advantage Credit Card

Regarded as among the top-notch banks in India, the State Bank of India stands out for delivering top-tier financial services and products to its clientele. The bank’s credit cards are notably unique, providing a diverse array of benefits and privileges tailored to meet the specific needs and desires of its customers. Whether it’s fulfilling your shopping requirements or securing savings on every purchase, the SBI Simply Save Advantage credit card has you covered.

Key Highlights of SBI SimplySAVE Advantage Credit Card

  1. Earn 10 times the reward points on transactions related to movies, dining, groceries, and department store purchases.
  2. Enjoy global acceptance with access to over two million Visa merchant outlets.
  3. Benefit from a 1% fuel surcharge waiver at all petrol pumps.
  4. Get your annual fees reversed when your spending reaches Rs. 1,00,000 or more.

Features and Benefits of SBI SimplySAVE Advantage Credit Card

The SBI SimplySAVE Advantage Credit Card offers several features and benefits:

1. Cash on the Go:

  • Utilize automated teller machines globally accepting Visa or MasterCard for convenient cash withdrawals anytime.

2. Online Railway Ticket Booking:

  • Seamlessly order train tickets using your SBI Simply Save Advantage card and have them delivered to your doorstep through the IRCTC website.

3. Utility Bill Payment:

  • Simplify bill payments by using the SBI Simply Save Advantage credit card for electricity, phone, mobile, and other utility bills.

4. EMI Balance Transfer:

  • Save money by transferring outstanding balances from other credit cards to your SBI Simply Save Advantage card, benefiting from lower interest rates and convenient monthly installments.

5. Flexipay:

  • Convert SBI card transactions into monthly installments through Flexipay with a minimum purchase requirement of Rs 2,500. Change your payment method to monthly payments on sbicard.com within 30 days of purchase.

6. Easy Money:

  • Obtain a cheque or draft against your cash limit using the Easy Money option and have it delivered to your address.

7. Reward Points:

  • Earn 1 Reward Point for every Rs.100 spent, redeemable to pay off credit card balances or for a variety of gifts. Enjoy 10X Reward Points on supermarket and department store purchases, where 4 Reward Points equal Rs.1.

8. Welcome Offer:

  • Receive a Rs.100 cashback on your first ATM withdrawal within the initial thirty days of obtaining your SBI Simply Save Advantage credit card.

9. Global Acceptance:

  • Utilize your SBI credit card at over 24 million global merchant locations and 3,25,000 locations in India, accepted wherever MasterCard or Visa is welcomed.

10. Additional Cards:

  • Empower your loved ones by providing additional or supplementary SBI cards to children, spouse, parents, and siblings, aged at least 18 years.

SBI SimplySAVE Advantage Credit Card Fees and Charges

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

1. Annual Fee: One-time payment of Rs 499.

2. Renewal Fee:

  • Rs 499 per annum from the second year onwards.
  • Renewal fee is reversed if you spend Rs 1 lakh or more in the previous year.

3. Add-on Card Fee: Nil

4. Interest-Free Credit:

  • Avail interest-free credit period for 20 to 50 days on retail purchases.
  • Clear outstanding amount of the previous month.

5. Finance Charges: Avail finance charges of 3.50% on a monthly basis (42% per annum on all transactions).

6. Minimum Amount Due: 5% of the total outstanding balance or a minimum of Rs 200, along with applicable taxes.

7. Limit on Cash Advance: Cash advance up to a maximum of 80%, capped at Rs 12,000 per day.

8. Free Credit Period: Nil

9. Finance Charges for Cash Advance: Avail finance charges of 2.50% on a monthly basis (30% per annum on all transactions).

10. Cash Advance Fee at SBI ATMs or Other Bank ATMs: 2.5% of the total amount transacted (subject to a minimum amount of Rs 500).

11. Cash Advance Fee at International ATMs: 2.5% of the total amount transacted (subject to a minimum amount of Rs 500).

12. Cheque Pick-Up: Rs 100

13. Fee for Payment Dishonor: 2% of the total amount transacted (subject to a minimum amount of Rs 500).

14. Retrieval of Statement: Rs 100 for each statement (2 months or more old).

15. Late Payment Charges:

  • Nil for up to Rs 500.
  • Rs 400 for more than Rs 500 up to Rs 1,000.
  • Rs 750 for more than Rs 1,000 up to Rs 10,000.
  • Rs 950 for more than Rs 10,000.

Eligibility Criteria for SBI SimplySAVE Advantage Credit Card

Here are essential criteria for applying for an SBI SimplySAVE Advantage Credit Card:

  1. Salaried employees must fall within the age range of 21 to 70 years to be eligible.
  2. Self-employed individuals should have an eligible age ranging from 25 to 70 years.
  3. All applicants are required to be Indian citizens.

Documents Required for SBI SimplySAVE Advantage Credit Card

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

Acceptable forms of ID proof include:

  1. PAN card
  2. UID Aadhar Number
  3. Passport
  4. Voter ID
  5. License

How To Apply for SBI SimplySAVE Advantage Credit Card?

Follow these steps to apply for the SBI SimplySAVE Advantage Credit Card:

1. Visit SBI Credit Card Online Application Portal:

  • Go to the official SBI (State Bank of India) website or the SBI Card mobile app.

2. Navigate to SimplySAVE Advantage Credit Card Section:

  • Locate the “Credit Cards” section on the website or app.
  • Find and select the “SimplySAVE Advantage Credit Card” option.

3. Fill in Personal and Financial Details:

  • Complete the online application form with your personal details, including name, address, contact information, and employment details.
  • Provide accurate financial information as required, including income details and any existing credit card information if applicable.

4. Upload Required Documents:

  • Scan and upload the necessary documents such as identity proof, address proof, and income proof as specified in the application form.
  • Ensure that the documents meet the criteria outlined by SBI for credit card applications.

5. Submit Application and Await Approval:

  • Review the entered information for accuracy.
  • Submit the completed application.
  • After submission, wait for the bank’s response regarding the status of your credit card application. You may receive an email or SMS notification about the approval or rejection of your application.

Frequently Asked Questions (FAQs) –

1. What is the SBI SimplySAVE Advantage Credit Card?

The SBI SimplySAVE Advantage Credit Card is a credit card offered by the State Bank of India (SBI) with features designed to provide rewards and savings on various expenditures.

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

To apply, visit the official SBI Card website, navigate to the SimplySAVE Advantage Credit Card section, and fill out the online application form. Follow the provided steps and submit the required documents.

3. What are the key features of the SimplySAVE Advantage Credit Card?

This card offers accelerated rewards on specific spending categories, such as dining, grocery, and movies. It also provides milestone benefits, fuel surcharge waiver, and more. Refer to the card details for specific features.

4. What is the eligibility criteria for the SimplySAVE Advantage Credit Card?

Eligibility criteria include age, income, and credit score requirements. Typically, applicants should be within a specified age range, have a regular source of income, and meet the minimum credit score criteria.

5. Can I check the status of my SimplySAVE Advantage Credit Card application?

Yes, you can check the status of your application online. Use the application reference number provided during the application process to track the progress on the official SBI Card website.

6. How is the reward system structured on this credit card?

The reward system is usually structured with accelerated reward points for specific spending categories, such as dining, groceries, and movies. Be sure to check the details to understand the reward structure.

7. Are there any annual fees associated with the SimplySAVE Advantage Credit Card?

Yes, credit cards often have annual fees. Check the terms and conditions or the card features for information on annual fees and any waivers that may apply.

8. How can I redeem the reward points earned on my credit card?

SBI provides a redemption platform where you can redeem your accumulated reward points for a variety of options, including merchandise, vouchers, and more. Details on redemption options are available on the SBI Card website.

9. Is there a joining bonus or welcome offer with the SimplySAVE Advantage Credit Card?

Some credit cards offer joining bonuses or welcome offers. Check the current promotions and terms to see if there are any special benefits available when you apply for the SimplySAVE Advantage Credit Card.

10. What should I do if my SimplySAVE Advantage Credit Card is lost or stolen?

In case of loss or theft, immediately contact the SBI Card customer care helpline to report the incident. The card will be blocked to prevent unauthorized transactions, and a replacement card may be issued.