South Indian Bank SimplySave SBI Card

The South Indian Bank SimplySave SBI Card is a financial instrument that seamlessly integrates the trusted services of South Indian Bank with the renowned SimplySave credit card offerings by the State Bank of India (SBI). This collaboration aims to provide customers with a comprehensive and rewarding credit card experience. Boasting a range of features, including an attractive rewards program, competitive interest rates, and a straightforward application process, the South Indian Bank SimplySave SBI Card caters to the diverse financial needs of individuals. Whether it’s cashback benefits, travel perks, or convenient payment options, this credit card combines the best of both banking entities, promising a valuable and efficient solution for those seeking a reliable credit companion.

Key Highlights of South Indian Bank SimplySave SBI Card

  1. Receive Rs.100 cashback by making your initial ATM cash withdrawal within 30 days of card receipt.
  2. Enjoy a 1% fuel surcharge waiver when spending between Rs.500 and Rs.3,000 at any petrol pump in India.
  3. Earn 1 Reward Point for every Rs.150 spent on all other transactions.

Features and Benefits of South Indian Bank SimplySave SBI Card

The South Indian Bank SimplySave SBI Card offers several features and benefits:

1. Welcome Benefits:

  • Spend Rs.2,000 or more within the first 60 days and receive 2,000 bonus reward points.
  • Enjoy Rs.100 cashback on your initial ATM cash withdrawal within 30 days of receiving the card.

2. Milestone Benefits: Annual fee reversal upon spending Rs.1 lakh or more.

3. Reward Point Benefits:

  • Earn 10 reward points for every Rs.150 spent on dining, movies, departmental stores, and grocery purchases.
  • Gain 1 Reward Point per Rs.150 spent on all other transactions.

4. Fuel Surcharge Waiver: Receive a 2.5% fuel surcharge waiver on spending between Rs.500 and Rs.3,000 at any petrol pump in India.

5. Global Acceptance: Accepted at over 24 million merchant outlets worldwide.

6. Cash Withdrawal: Withdraw cash globally from any MasterCard or Visa ATMs.

7. Add-On Card: Cardholders can request free add-on credit cards for family members aged 18 and above.

8. Railway Tickets: Easily book railway tickets on the IRCTC website using the South Indian Bank Simply Save SBI Card.

9. Utility Bill Payment: Conveniently pay utility bills online through the Easy Bill Pay Facility.

10. Flexipay: Convert transactions of at least Rs.2,500 into monthly instalments using the Flexipay feature.

11. Balance Transfer:

  • Save money on credit card dues with the Balance Transfer on EMI facility, allowing the transfer of pending balances from another bank’s credit card to the South Indian Bank Simply Save SBI Card account at lower interest rates, with the option to repay in instalments.

South Indian Bank SimplySave SBI Card Fees and Charges

Explore the fee structure for the South Indian Bank SimplySave SBI Card and discover the financial advantages that come with it.

  1. Annual Fee: Rs. 499
  2. Renewal Fee: Rs. 499
  3. Finance Charges: Up to 3.35% monthly
  4. Add-on Card Fee: NIL
  5. Finance Charges for Add-on Card: 3.50% per month or 42% per annum
  6. Payment Dishonour Fee: 2% of the payment amount; minimum of Rs. 450
  7. Statement Request Fee: Rs. 100 per statement (more than 2 months old)
  8. Cash Payment Fee: Rs. 250
  9. Late Payment Fee:
  • From Rs. 0 to Rs. 500: Nil
  • More than Rs. 500 up to Rs. 1,000: Rs. 400
  • More than Rs. 1,000 up to Rs. 10,000: Rs. 750
  • More than Rs. 10,000 up to Rs. 25,000: Rs. 950
  • More than Rs. 25,000 up to Rs. 50,000: Rs. 1,100
  • More than Rs. 50,000: Rs. 1,300

Documents Required for South Indian Bank SimplySave SBI Card

To apply for the South Indian Bank SimplySave SBI Card, you will typically need to provide the following documents:

1. Proof of Identity (Any one of the following):

  • Passport
  • Aadhar card
  • Voter ID
  • Driving license

2. Proof of Address (Any one of the following):

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

3. Income Proof (Any one of the following):

  • Salary slips (last 3 months)
  • Form 16
  • Income Tax Returns

4. Recent Passport Size Photographs: Generally, two to three passport-sized photographs.

How To Apply for South Indian Bank SimplySave SBI Card?

Follow these steps to apply for the South Indian Bank SimplySave SBI Card:

  1. Check Eligibility Criteria:
    Ensure you meet the eligibility criteria set by South Indian Bank and SBI for the SimplySave credit card. Criteria typically include age, income, and credit score requirements.
  2. Gather Required Documents:
    Collect the necessary documents, such as proof of identity, address, income, and recent passport-sized photographs. Having these ready will streamline the application process.
  3. Visit the Official Website:
    Go to the official website of South Indian Bank or SBI Card to locate the application page for the SimplySave SBI Card. Navigate to the credit card section.
  4. Fill Out the Online Application Form:
    Complete the online application form with accurate details. Provide the required personal information, contact details, and financial details as requested. Double-check the information before submission.
  5. Submit Supporting Documents:
    Upload or submit the necessary supporting documents along with your application. This may include scanned copies of your proof of identity, address, and income.

Frequently Asked Questions (FAQs)

1. What is the South Indian Bank SimplySave SBI Card?

The South Indian Bank SimplySave SBI Card is a credit card that combines the offerings of South Indian Bank with the SimplySave credit card services provided by the State Bank of India (SBI).

2. What are the key features of the SimplySave SBI Card?

The card typically offers features such as a rewards program, competitive interest rates, cashback benefits, and various payment options.

3. How can I apply for the South Indian Bank SimplySave SBI Card?

You can apply online by visiting the official website of South Indian Bank or SBI Card, navigating to the credit card section, and filling out the online application form. Ensure you meet the eligibility criteria and have the required documents.

4. What documents are needed for the application process?

Commonly required documents include proof of identity, proof of address, income proof, and recent passport-sized photographs. Check the specific document requirements on the official website.

5. What is the eligibility criteria for the SimplySave SBI Card?

Eligibility criteria typically include age, income, and credit score requirements. Ensure you meet these criteria before applying.

6. How long does it take for the card application to be processed?

The processing time varies, but you can expect to receive a status update on your application within a few weeks.

7. How can I check the status of my credit card application?

You can check the status online through the bank’s official website or by contacting the customer service helpline provided by South Indian Bank or SBI Card.

8. What are the fees and charges associated with the SimplySave SBI Card?

Common fees include an annual fee, renewal fee, finance charges, add-on card fee, payment dishonour fee, statement request fee, cash payment fee, and late payment fee. Refer to the card’s terms and conditions for specific details.

9. Can I track my credit card transactions online?

Yes, most credit card issuers provide online portals or mobile apps where you can track your transactions, check your balance, and manage your account.

10. What should I do if my South Indian Bank SimplySave SBI Card is lost or stolen?

Contact the bank’s customer service immediately to report the loss or theft. The bank will guide you through the necessary steps to secure your account and issue a replacement card if needed.