SBI SimplySAVE Credit Card 2024 Highlights, Benefits, Features, Fees, Charges, Eligibility Criteria and Documents Required

SBI SimplySAVE Credit Card 2024 The SimplySAVE SBI Card allows you to save on your daily expenses. There is an initial fee of Rs.499 in the first year, and an annual fee of Rs.499 from the second year onwards. The annual fee is waived if you spend more than Rs.1 lakh on your card within a year. If you’re in the banking industry and looking for a credit card option that offers great rewards and benefits, the SBI SimplySAVE Credit Card 2024 might just be what you need. This informative blog will delve into the features, perks, and eligibility criteria of this credit card to help you understand if it aligns with your financial goals. With an emphasis on providing detailed insights into the SBI SimplySAVE Credit Card 2024, we aim to equip you with the knowledge needed to make informed decisions when it comes to selecting a credit card that suits your banking needs. So sit back, relax, and let’s explore all that this credit card has to offer in 2024.

SBI SimplySAVE Credit Card 2024 Key Highlights

Best Suited For WhatsApp Channel Join Button	Beginners \| Rewards on Everyday Expenses
Joining Fee	Rs. 499
Annual Fee	Rs. 499 (Reversed on spending Rs. 1 lakh in a year)
Welcome Benefit	2,000 bonus reward points on spending Rs. 2,000 within 60 days of card issuance
Best Feature	10X reward points on dining, movies, grocery and departmental store spends

The SBI SimplySAVE Credit Card provides savings on daily purchases and transactions. It offers accelerated reward points, spend-based rewards, and a renewal fee waiver, allowing cardholders to save while using the card. Let’s delve into the detailed features and benefits of the SimplySAVE SBI Credit Card, a lifestyle card with a low renewal fee. Enjoy a renewal fee waiver for milestone spends, earn accelerated reward points on everyday categories, and receive bonus reward points shortly after card activation.

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Benefits & Features

Welcome Benefit	Earn 2,000 bonus reward points by spending Rs.2,000 or more within the first 60 days of card issuance.
Lifestyle Benefits	Earn 10x reward points for every Rs.150 spent on movies, departmental stores, grocery, and dining spends. Earn 1 reward point for every Rs.150 spent for all other categories.
Renewal Fee Waiver	Spend Rs.1 lakh or more in a membership year and get your annual fee of Rs.499 waived off. The waiver is applicable from 2nd year onwards.
Fuel Benefits	Get a 1% waiver on your fuel surcharge when you spend between Rs.500 and Rs.3,000 at any petrol station in India.
Global Acceptance	The SimplySAVE SBI Card is accepted in more than 24 million outlets worldwide including 3.25 lakh outlets in India.
Balance Transfer	With the balance transfer facility, outstanding dues from various banks’ credit cards can be transferred to the SimplySAVE SBI Card at a low interest and repaid in EMI.
Easy Money Facility	Order drafts or cheques against your cash limit with the Easy Money Facility.
Flexipay	Your purchases of Rs.2,500 and above can be converted into EMIs with Flexipay.
Add-on Cards	Get add-on cards for your family members above the age of 18 years.

Fees & Charges Associated with SimplySAVE SBI Card

Type of Charge	Fee
Annual fee	Rs.499
Renewal fee	Rs.499
Finance charge	Up to 3.50% per month (42% per annum)
Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs	2.5% of the transaction amount or Rs. 500 (whichever is higher)
Cash payment fee	Rs.250
Overlimit	2.5% of overlimit amount or Rs.600 (whichever is higher)
Late payment	Rs.0 to Rs.500: NIL Rs.500 to Rs.1,000: Rs.400 Rs.1,000 to Rs.10,000: Rs.750 Rs.10,000 to Rs.25,000: Rs.950 Rs.25,000 to Rs.50,000: Rs.1,100 Rs.50,000 and above: Rs.1,300
Payment dishonor fee	2% of the amount (minimum of Rs.500)
Cheque payment fee	Rs.100
Statement retrieval	Rs.100 per statement which is over 2 months old
Card replacement	Rs.100 to Rs.250
Fee for increasing credit limit	Rs.200 per request for increase
Dynamic and static conversion fee	3.50% (except for SBI Elite and Aurum credit cards) 1.99% SBI Elite and Aurum credit cards) These charges are applicable for transactions greater than or equal to Rs.1,000.
Network change fee	Rs.200 per request for network upgrade or network downgrade
Foreign currency transaction fee	3.50% (except for SBI Elite and SBI Aurum credit cards) 1.99% (SBI Elite and Aurum credit cards)
Rewards redemption fee	Rs.99 (only on cash redemption, gifts, and specific vouchers)
Overdue finance charge	3.65% per month (43.8% per annum)

Documents Required

The documents needed for applying for the SimplySAVE credit card differ for each customer. Below is a sample list of documents necessary for any credit card application:

Proof of identity
Proof of address
PAN card
Passport-sized photograph
Document showing proof of income
Bank statement

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Eligibility Criteria

Criteria	Details
Age Requirement	21 to 70 years
Occupation	Salaried or Self-employed

How to Apply for SimplySAVE SBI Card Online?

Step 1: Click on the ‘Check Eligibility’ button.

Step 2: Provide the necessary details to determine your eligibility.

Step 3: Eligible candidates will be directed to the online application page.

Step 4: Complete the online application form and click ‘Submit’.

Step 5: Upload and submit the necessary documents.

SBI SimplySAVE Credit Card 2024 Images

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