SBI Simply Save Credit Card Overview:
Journeying overseas is always high on the yearly plan of numerous Indians, never mind the financial slowdown and cash value variations. A latest survey conducted by prestigious travel portal TripAdvisor shows a whopping 21 percent escalation in Indians scheduling a foreign visit compared to the previous year. This signals that people’s wanderlust and love for travel haggling has motivated them to go globetrotting all the more.
Truly, SBI Simply Save Credit Card is more than capable of getting you ready for your next big adventure outside India. If you frequently travel overseas with your family, then this is the best card for you.Benefits of SBI Simply Save Credit Card:
Welcome gifts:
You earn 2000 extra cash points if you use your card to pay a minimum of INR. 2000 in the initial two months.You can get an INR. 100 waiver on your very first money withdrawal after receiving your card.
Features of SBI Simply Save Credit Card: You can access money anytime anywhere. You may easily track and control how much you spend through SMS/ Email/ Mini Statement alerts obtained after every transaction.
There shall be no extra charge for easy bill facility used to pay off utility bills.
You can opt for flexible EMI options for big purchases.
You can choose rewards listed in the redemption category in exchange for the points earned when you shop, dine out and so on. And you get a cash point for every INR. 100 you are spending with your card.
You can also use your accrued points to pay back the due amount pending on your card.
You can now deal with the needs of your loved ones as you can apply for add-on cards for your parents, partner, siblings or kids who are of age 18 and above.
You can avail 2.5 percent of the additional fuel charges if you spend at least INR. 500. You cannot get more than INR. 100 per transaction.
If you spend at least INR. 75000 in a year, you are exempted from paying the yearly membership fee, which is INR. 499, for the coming year.
Eligibility & Documentation:
You should be an earning individual who should be above age 21 and less than 60.
Photo copies of ID card, income proofs and address proof should be submitted.
How to apply:
Visit BankBazaar.com and browse through the credit cards page. You have the option to either explore or check your eligibility for different cards. BankBazaar will give you a list of carefully chosen credit cards as per your needs. Click on “Apply” and type down your personal info to apply for the card right away.
Steps against fraud:
In spite of credit card provider’s claim that magnetic stripe credit cards work everywhere, it is common to get reject card payments by overseas retailers for fear of fraud. SBI’s Gold & More comes with a ‘chip-and-PIN’ credit card that works at stores that don’t have newer and contactless payment options yet.
SBI Simply Save Card Fees and other charges:
Fees Per Annum Up to INR. 499
Additional Fees Per Annum Nil
Extended Credit NA
Credit Period Without Interest 20 to 50 days ( valid only on store purchases and if earlier months due balance is paid completely)
Least sum due 5 percent of total balance due ( at least INR. 200) GST EMI ( in case of loans). Cash Loan Up to 80 percent of Credit Limit ( No more than 12K per day for Gold & maximum 15K per day for Platinum and/ or Signature Cards Finance charges Up to 3.35 percent per month ( 40.2 per annum) from the day of transaction. SBI ATMs and Other Domestic ATMs 2.5 percent and 3 percent for international ATMs or INR. 300 for both.
SBI Simply Save Card FAQs:
Why are my personal documents required for credit card application?So as to take your application forward, your identity and income details should be verified.I work part time. Can I apply for this credit card?If you can show proof for the specified income, then you are eligible.My driving licence has a different address from that of my current residential address. Is that a problem? Not at all. You can just mention that at the time of application.Can my family members use the card simultaneously? Yes, they may if they are above age 18.
