UCO Bank SimplySAVE SBI Card

The UCO Bank SimplySAVE SBI Card is now available to customers through a partnership between State Bank of India (SBI) and UCO Bank. With a nominal one-time annual fee of Rs.499 (plus applicable taxes), this credit card provides various advantages, including a welcome bonus, reward points, visa privileges, lounge access, and more.

Key Highlights of UCO Bank SimplySAVE SBI Card

  1. Extravaganza Offer: Spend Rs. 2,000+ in the first 60 days, get 2,000 bonus Reward Points
  2. UCO Bank SBI Simply Save Card: Earn 10x Reward Points on Dining, Movies, Departmental Stores, and Grocery Spends
  3. 10 Reward Points per Rs 150 spent on specified categories; 1 Reward Point per Rs 150 on other expenses (4 Reward Points = Rs. 1)
  4. No Fuel Surcharge on UCO Bank Simplysave SBI Card; Pay 1% Fuel Surcharge at petrol pumps on transactions between Rs. 500 to Rs. 3,000
  5. Spend Based Fee Reversal: Annual membership fee reversal from the second year if you spent Rs. 1,00,000 or more on UCO Bank SimplySAVE SBI Card in the previous year.

Features and Benefits of UCO Bank SimplySAVE SBI Card

The UCO Bank SimplySAVE SBI Card offers several features and benefits:

1. Reward Points:

  • Earn 1 Reward Point for every Rs. 150 spent with UCO Bank SimplySAVE SBI Card.
  • Redeem Reward Points to pay credit card balance or choose from a diverse gift selection in the Rewards Catalogue.

2. Welcome Offer: Get Rs. 100 cashback on the first ATM withdrawal within 30 days of receiving the Credit Card.

3. Contactless Advantage:

  • Convenient and secure transactions with the card; wave it at a reader for daily purchases.
  • No need to hand over the card or use cash for small transactions.
  • Enhanced security with the card never leaving your hand during contactless transactions.

4. Worldwide Acceptance:

  • Use the card in over 24 million global outlets, including 3,25,000 outlets in India.
  • Payments accepted at any outlet that supports Visa or MasterCard.

5. Add-on Cards: Empower family members (parents, spouse, children, or siblings above 18) with additional cards.

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

7. Utility Bill Payment Facility: Pay utility bills (electricity, telephone, mobile, etc.) using the Easy Bill Pay feature.

8. Flexipay: Convert transactions of Rs. 2,500 or more into easy monthly installments through sbicard.com.

9. Balance Transfer on EMI:

  • Save on credit card dues by transferring outstanding balances from other banks at a lower interest rate.
  • Avail this service by logging onto sbicard.com with your user ID and password.

UCO Bank SimplySAVE SBI Card Fees and Charges

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

  1. Annual Fee: Rs.499+Taxes
  2. Renewal Fee: Rs.499
  3. Finance Charges: Up to 3.35% monthly, 3.50% per month or 42% per annum
  4. Add-On Card Fee: Nil
  5. Payment Dishonor Fee: 2% of the payment amount; minimum of Rs.450
  6. Statement Request Fee: Rs.100 per statement (more than 2 months old)
  7. Cash Payment Fee: Rs.250
  8. 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

Eligibility Criteria for UCO Bank SimplySAVE SBI Card

Here are essential criteria for applying for an UCO Bank SimplySAVE SBI Card:

  1. Applicants must fall within the age range of 21 to 60 years.
  2. A positive credit score is a prerequisite for eligibility.
  3. Applicants should be either self-employed or hold a salaried position, demonstrating a consistent source of income.

Documents Required for UCO Bank SimplySAVE SBI Card

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

1. Proof of Identity:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driving License

2. Proof of Address:

  • Aadhar Card
  • Utility bills (electricity, water, gas)
  • Passport
  • Voter ID

3. Income Proof:

  • Salary slips for salaried individuals
  • Income Tax Returns (ITR)
  • Bank statements for the self-employed

How To Apply for UCO Bank SimplySAVE SBI Card?

Follow these steps to apply for the UCO Bank SimplySAVE SBI Card:

  1. Visit the UCO Bank Website: Navigate to the official UCO Bank website.
  2. Find the Credit Card Section: Look for the credit card section on the website.
  3. Select SimplySAVE SBI Card: Choose the SimplySAVE SBI Card from the list of available credit cards.
  4. Fill Out the Online Application Form: Complete the online application form with accurate personal and financial details.
  5. Submit Required Documents: Upload or submit the necessary documents, including proof of identity, address, income, photographs, PAN card, employment proof, bank statements, and credit score report.

Frequently Asked Questions (FAQs)

1. Q: What is the UCO Bank SimplySAVE SBI Card?

A: The UCO Bank SimplySAVE SBI Card is a credit card offered in collaboration with the State Bank of India (SBI). It provides various benefits and rewards on different spending categories.

2. Q: How can I apply for the UCO Bank SimplySAVE SBI Card?

A: You can apply for the card by visiting the UCO Bank official website, navigating to the credit card section, selecting the SimplySAVE SBI Card, and filling out the online application form. Ensure you submit the required documents.

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

A: Applicants should be within the age range of 21 to 60 years, possess a good credit score, and be either self-employed or salaried with a regular income source.

4. Q: What documents are required for the application?

A: Commonly required documents include proof of identity, proof of address, income proof, photographs, PAN card, employment proof, bank statements, and a credit score report.

5. Q: What benefits does the SimplySAVE SBI Card offer?

A: The card typically provides rewards and benefits such as cashback on specific spending categories, reward points on transactions, and special discounts with partner merchants.

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

A: The processing time may vary, but typically it takes a few weeks. Applicants are advised to check the status of their application through the provided channels.

7. Q: How can I check the status of my UCO Bank SimplySAVE SBI Card application?

A: You can check the application status through the UCO Bank website or contact the bank’s customer service for updates.

8. Q: Is there an annual fee for the SimplySAVE SBI Card?

A: Check the terms and conditions, as credit card fees may vary. Some cards have an annual fee, while others may offer a waiver based on specific spending criteria.

9. Q: What should I do if my UCO Bank SimplySAVE SBI Card is lost or stolen?

A: Immediately report the loss to the bank’s customer service. They will guide you through the process of blocking the card and issuing a replacement.

10. Q: Can I manage my SimplySAVE SBI Card account online?

A: Yes, the UCO Bank usually provides online account management facilities. You can check your balance, view statements, and perform other transactions through the online portal or mobile app.