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LoansJagat Team
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9 Min
12 Mar 2025
SBI SimplySAVE Credit Card – A Complete Guide to Features & Benefits (2025)
Suppose you've bought a new smartphone worth ₹12,000 using your SBI SimplySAVE Credit Card. You'd like to convert this transaction into simple EMIs using the Flexipay facility.
Here's how you can do it:
1. Eligible Purchase: As the transaction is more than ₹500, you can convert it to Flexipay within 30 days.
2. Interest Rates:
- Since you're holding an unsecured card, the monthly interest rate is 3.75%. For ₹12,000, that will be ₹450 per month interest.
- If you have a secured card, the rate is 2.75%. If you spend ₹12,000, you will pay ₹330 as monthly interest.
3. EMI Advantage: You can easily split the ₹12,000 into simple monthly payments, so repayment is less straining on your pocket.
And you get reward points for all your dining, grocery, and entertainment spending, worth every ₹150. Your spending then becomes rewarding too. The card also provides you with fuel surcharge waivers and worldwide acceptance.
The SBI SimplySAVE Credit Card is ideal for saving on daily purchases such as food, dining, and entertainment. It features high reward points, simple EMI conversion, and low joining charges. With features such as fuel surcharge waiver and worldwide acceptance, it's perfect for intelligent spenders who want convenience and saving.
What is SBI SimplySAVE Credit Card?
SBI SimplySAVE Credit Card suits those who wish to save more on habitual purchases and earn rewards. It gives more excellent reward points for the most high-priority shopping categories, such as groceries, eating out, and leisure activities, that are redeemable for enjoying benefits. Being straightforward in EMI conversion and offering low minimum joining charges suits price-conscious clients who need convenience and savings.
The card also provides additional benefits such as fuel surcharge rebates and global acceptance for smooth transactions worldwide. Whether you are shopping, eating out, or entertaining, the SimplySAVE Credit Card ensures you get the maximum out of every transaction, and hence it is an ideal choice for savvy spenders.
Benefits and Features of SBI SimplySAVE Credit Card
Here’s the information about benefits and features provided by the SBI SimplySAVE credit card in a table format:
Welcome Benefits | The SBI SimplySAVE Credit Card comes with a welcome reward of ₹100 cashback on the initial ATM withdrawal within 30 days. And 2,000 bonus points for spending ₹2,000 in the next 60 days, which gets you off to a good start with the card. Let’s understand it with an example When you avail of your SBI SimplySAVE Credit Card, you get ₹100 cashback on the first ATM withdrawal in 30 days.
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Lifestyle Benefits | Get 10 reward points for each ₹150 spent on cinema, department store purchases, groceries, and dining.
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Renewal Fee Waiver | The renewal charge for the SBI SimplySAVE Credit Card is ₹499. But if you make a minimum spend of ₹1 lakh in one year, you will not have to pay the following year's renewal fee.
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Fuel Benefits | The SBI SimplySAVE Credit Card provides a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at any petrol pump in India.
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Global Acceptance | The SBI SimplySAVE Credit Card is accepted at over 24 million locations worldwide, including over 3,25,000 outlets in India.
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Balance Transfer | The SBI SimplySAVE Credit Card has a balance transfer facility, under which the cardholders can transfer their credit card balances to their SBI card.
Maximum transfer amount: 75% of credit limit Transfers from credit cards issued by other banks are allowed
Balance transfer fee: 3%–5% The 0% interest rate is typically short-term; therefore, paying off the balance before the rate goes up is wise.
Saves interest costs and pays off debt faster Transfer balances to SBI Cards at lower interest rates.
This feature helps you pay off your debt faster and reduces interest costs significantly. |
Flexipay | Flexipay is an option that allows SBI SimplySAVE Credit Cardholders to convert purchases into convenient EMIs. This helps you pay in installments over time. How Flexipay works: When you purchase more than ₹500, you can convert it to Flexipay within 30 days. If you convert after the due date of payment, interest will be charged. Interest rates:
For secured cards: 2.75% per month (33% per annum). Let’s understand it with the help of an example:
Step 2: You wish to switch over after the payment due date.
Interest on secured cards: 2.75% a month. For ₹12,000, this would be ₹330 a month.
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Add-on Cards | SBI provides add-on cards to the primary cardholder's spouse, parents, and children (above 18 years). The add-on cards enable family members to enjoy the same facilities as the primary cardholder.
Complete the application form. Provide the required KYC documents. |
Contactless feature | The SBI SimplySAVE Credit Card also comes with a contactless facility, enabling you to pay by tapping your card on a payment terminal rather than swiping it.
The terminal links to your bank account. The payment is made.
No swiping or inserting your card is required.
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Cash Withdrawal | The SBI SimplySAVE Credit Card has a cash advance charge of 2.5% of the withdrawn amount, with a minimum of ₹500. This is for both domestic and foreign cash withdrawals.
Enter your PIN and the withdrawal amount. Take your money and receipt.
In addition to the cash advance fee, you'll also pay a 3.75% monthly (45% annual) service charge. This fee begins when you take a cash advance to the date you repay it in full. |
Fees and Charges on SBI SimplySAVE Credit Card
Here’s the information about fees and charges for the SBI SimplySAVE Credit Card in a table format:
Type of Charge | Fee |
Annual Fee | ₹499 |
Renewal Fee | ₹499 |
Finance Charge | Up to 3.50% per month (42% per annum) |
Cash Advance Fee (Domestic & International ATMs) | 2.5% of the transaction amount or ₹500 (whichever is higher) |
Cash Payment Fee | ₹250 |
Overlimit Fee | 2.5% of the overlimit amount or ₹600 (whichever is higher) |
Late Payment Fee | ₹0 to ₹500: NIL ₹500 to ₹1,000: ₹400 ₹1,000 to ₹10,000: ₹750 ₹10,000 to ₹25,000: ₹950 ₹25,000 to ₹50,000: ₹1,100 ₹50,000 and above: ₹1,300 |
Payment Dishonor Fee | 2% of the amount (minimum ₹500) |
Cheque Payment Fee | ₹100 |
Statement Retrieval Fee | ₹100 per statement over 2 months old |
Card Replacement Fee | ₹100 to ₹250 |
Fee for Increasing Credit Limit | ₹200 per request |
Foreign Currency Transaction Fee | 3.50% (except SBI Elite and SBI Aurum cards) 1.99% (SBI Elite and Aurum cards) |
Rewards Redemption Fee | ₹99 (only on cash redemption, gifts, and specific vouchers) |
Overdue Finance Charge | 3.65% per month (43.8% per year) |
Eligibility Criteria to Apply for SBI SimplySAVE credit card
To apply for the SBI SimplySAVE Credit Card, you need to meet these requirements:
- Be between 21 and 70 years old.
- Have a regular source of income.
- Have a good credit score.
- Be an Indian citizen.
- Be salaried or self-employed.
Documents Required to Apply for SBI SimplySAVE credit card
Documents Required to Apply for SimplySAVE SBI Credit Card
- Identity proof.
- Address proof.
- PAN card.
- Passport-size photograph.
- Income proof document.
- Bank statement.
How to apply for SBI SimplySAVE credit card
1. Online Process:
- Visit the homepage of SimplySAVE Credit Card on the official website of SBI SimplySAVE credit card.
- Click on the ‘Apply Now’ option.
- Click on ‘Start apply journey.’
- Click on ‘Personal Details’ and fill in all the details.
- Click on the ‘Continue’ option.
- Click on ‘Professional details’ and fill in all the details.
- Click on the ‘Continue’ option.
- Click on ‘KYC Details’ and do your KYC to complete the procedure.
2. Offline Process:
- Visit your nearest SBI Bank branch.
- Request a credit card application form.
- Select the SBI SimplySAVE Credit Card.
- Fill in your personal and income details in the form carefully.
- Attach a photo and sign the form.
- Check the form for accuracy and submit it along with the required documents.
How to maximise the use of the SBI SimplySAVE credit card?
To maximise the use of your SBI SimplySAVE Credit Card, here are some tips:
- Utilise it for regular purchases: Shop for groceries, dine out, and go to movies to earn more reward points.
- Fuel surcharge waiver: Get 1% fuel surcharge waiver at Indian fuel pumps on spending ₹500 to ₹3,000.
- Pay your bill on time: Pay at least the minimum amount due each month.
- Seek help if you need it: If you are having trouble paying, contact your creditors.
- Check your account statement: Review your monthly statement to stay up-to-date about your spending.
Customer Care Details related to SBI SimplySAVE credit card
You can reach SBI SimplySAVE Credit Card customer care through the following options:
- Call: 1860 500 1290 or 1860 180 1290
- Email: customercare@sbicard.com
Other ways to contact:
- Call 39 02 02 02, adding your local STD code.
- Call the toll-free number: 1800 180 1290.
- Visit the "Contact Us" section on the SBI Cards website and click on "Email Us".
- Message SBI on their official Facebook page.
- Use the Chatbot ILA to inquire about credit limit increases.
- SMS “INCR XXXX” (last 4 digits of your card number) to 5676791 from your registered mobile number.
Customer care hours:
- Available Monday to Saturday, 8 AM to 8 PM.
- Customer care is closed on the 2nd and 4th Saturdays of every month.
Conclusion
The SBI SimplySAVE Credit Card is ideal for intelligent spenders who wish to save on routine expenses and avail themselves of rewards. With excellent features such as simple EMI conversion, reward points at dining, groceries, and entertainment, and waiver of fuel surcharge, it's made to make your spending rewarding.
Additionally, it provides global acceptability, balance transfer facility, and low renewal charges if the spending requirements are met. Whether you want to earn cashback, save on fuel, or pay using Flexipay, this card facilitates everyday spending and saves you money. Apply today and begin saving!
FAQs related to SBI SimplySAVE Credit Card
Q1: Do credit cards expire if they are not being used?
If you do not use and activate your credit card, the card issuer will close the account. Generally, card issuers will close such inactive accounts after a while, generally one year or more, without making any purchases.
Q2: How does the SBI SimplySAVE credit card billing cycle function?
The billing cycle of the SBI SimplySAVE credit card is the period between two successive statements, which is usually for around 30 days. This duration is utilised to maintain all your transactions, and the statement is generated.
Q3: What if I don't renew my credit card?
If you don't renew your credit card, it will become unusable after the expiration date. Your account will still be active, though. Your credit card issuer usually sends a replacement card before the expiration date of the current card, so it's a good idea to make sure your address is up to date so that you can get it when it arrives.
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LoansJagat Team
We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?
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