SBI SimplySAVE UPI Rupay Credit Card, Rewards and Benefits, Joining Fees & amp; Charges, Apply Online

SBI SimplySAVE UPI Rupay Credit Card: SBI Essentials Credit Card, a smart choice for those venturing into the world of credit. With a nominal annual fee of Rs. 499, this card opens the door to a realm of benefits tailored to suit your lifestyle.

Upon joining, enjoy a hearty welcome with 2000 bonus reward points, setting the stage for a rewarding journey ahead.

This card is designed to simplify your spending, offering accelerated reward points on essential purchases such as groceries, movie tickets, and department store splurges. It’s the perfect companion for individuals looking to manage their expenses efficiently while earning rewards along the way.

Moreover, the SBI Essentials Credit Card seamlessly integrates with your UPI applications, adding another layer of convenience to your financial transactions.

But the perks don’t stop there. By spending just Rs. 1 lakh or more annually with the card, you unlock an annual fee waiver, ensuring that you enjoy all the benefits without any additional charges. It’s a hassle-free way to make the most of your card’s offerings.

While this card may not boast extensive travel, dining, or entertainment privileges, it serves as an excellent entry point for those new to the credit card scene. Its focus on everyday essentials makes it a practical choice for individuals seeking to save money on their regular expenditures.

To delve deeper into the SBI Essentials Credit Card and explore its myriad benefits, features, as well as its associated fees and charges, delve into the details below. It’s time to embark on a journey towards financial freedom and rewards.

Fees	Joining Fee-  Rs.  499 + GST Renewal Fee- Rs.  499  + GST
Best Suited For	Shopping
Reward Type	Reward Points
Welcome Benefits	Receive 2,000 Reward Points on the expenditure of the same amount within the first 60 days of card issuance

Rewards and Benefits

Movie & Dining Rewards:- Earn a whopping 10X Reward Points on all movie and dining spends, allowing you to indulge in your favorite activities while maximizing your rewards.

Enhanced Rewards Rate:- Enjoy a competitive rewards rate of 1 Reward Point for every Rs. 150 spent, translating to a reward rate of 0.25%. Additionally, earn 10X Reward Points on spends made in movies, grocery, dining, and departmental stores, boosting your reward rate to 2.5%.

Flexible Reward Redemption:- Redeem your accumulated Reward Points for a variety of options, including gift vouchers available on sbicard.com or the SBI mobile app. You can also utilize your points to settle the outstanding balance on your card, providing flexibility and convenience in utilizing your rewards. With 1 Reward Point equivalent to Rs. 0.25, maximize the value of your earned points and indulge in rewarding experiences.

Zero Liability Protection:- Rest assured with zero liability protection, ensuring that you are not held responsible for any unauthorized transactions made on your card upon timely reporting of its loss to the bank. Safeguard your finances and enjoy peace of mind with this valuable security feature.

Experience the Rewards of SBI’s Movie & Dining Credit Card:

• Elevate your entertainment and dining experiences with a credit card designed to reward your passions and preferences.
• Whether you’re enjoying a movie night out or savoring a delectable meal, the Movie & Dining Credit Card empowers you to earn rewards while indulging in your favorite activities.
• Embrace the convenience and flexibility of a rewards card that caters to your lifestyle and enhances your overall experience.

Unlock a world of rewards and enjoyment with SBI’s Movie & Dining Credit Card. Apply now and embark on a journey of unforgettable experiences and unparalleled rewards.

Fees & Charges

• Spend-Based Renewal Fee Waiver:- Enjoy the flexibility of a renewal fee waiver by simply spending Rs. 1 lakh in a card anniversary year, rewarding your usage and loyalty with cost-saving benefits.
• Efficient Rewards Redemption:- Seamlessly redeem your accumulated rewards with a nominal redemption fee of Rs. 99 (plus applicable taxes) per redemption request, ensuring hassle-free utilization of your earned rewards.
• Competitive Foreign Currency Markup:- Make international transactions with ease, knowing that the foreign currency markup is set at a competitive rate of 3.5% of the transaction amount, enabling you to shop globally without worrying about additional charges.
• Competitive Interest Rates:- Benefit from competitive interest rates, with an interest rate of 3.50% per month (or 42% annually), providing financial flexibility while managing your outstanding balances.
• Fuel Surcharge Waiver:- Enjoy savings on fuel expenses with a 1% fuel surcharge waiver on transactions ranging from Rs. 500 to Rs. 3,000, with the maximum waiver capped at Rs. 100 per month, ensuring economical fuel purchases with every fill-up.
• Convenient Cash Advance Facility:- Access cash conveniently with cash advance charges set at 2.5% of the withdrawal amount or a minimum fee of Rs. 500, providing you with financial flexibility when needed.
• Complimentary Add-on Card:- Extend the benefits of your Spend-Based Waiver Credit Card to your loved ones with a complimentary add-on card, allowing you to share the perks and rewards with family members or trusted individuals.

Product Details

• SBI EasySpend Credit Card, your key to unlocking a world of rewards from day one. Get ready to embark on a journey where every swipe brings you closer to exciting benefits and savings.
• Activate your card and kickstart your rewards journey with a special offer: spend just Rs. 2,000 within the first 60 days, and receive a bonus of 2,000 Reward Points, valued at Rs. 500. It’s our way of saying thank you for choosing SBI EasySpend.
• From there, the rewards keep rolling in. Earn 1 Reward Point for every Rs. 150 spent, ensuring that every transaction contributes to your rewards balance.
• But that’s not all. Dive into a world of accelerated rewards with 10X Reward Points on specific categories: movies, dining, grocery purchases, and department store splurges. With 10 Points earned for every Rs. 150 spent in these categories, your rewards stack up quickly, bringing you closer to your goals with every purchase.
• And when it comes to renewing your card, we’ve got you covered. Simply spend a minimum of Rs. 1 lakh in the preceding year, and we’ll reverse your annual renewal fee. It’s our way of rewarding your loyalty and ensuring that you continue to enjoy the benefits of your SBI EasySpend Credit Card without any extra cost.
• Plus, say goodbye to fuel surcharges. With a 1% fuel surcharge waiver, you can refuel your vehicle without worrying about additional charges, making every journey a little more cost-effective.
• With the SBI EasySpend Credit Card, every transaction becomes an opportunity to earn rewards and save money. Experience the convenience and benefits of SBI EasySpend today. Apply now and start reaping the rewards of smart spending.

Pros/Cons

Pros:

1. Begin your credit journey with ease thanks to the low joining fee of Rs. 499, offering affordability and accessibility to all.
2. Maximize your spending potential with the opportunity to earn generous reward points on every transaction, enhancing the value of your purchases and boosting your savings.

Cons:

1. Regrettably, this card does not grant access to international or domestic airport lounges, limiting options for travelers seeking luxury and comfort during their journeys.
2. Unlike some counterparts, this card does not include insurance benefits, leaving cardholders without additional protection and coverage.
3. Be mindful of the Rs. 99 charge for reward redemptions, which may diminish the overall value of earned rewards.

SBI Simply SAVE Credit Card Features & Benefits

SBI ThriftSpend Credit Card – a versatile financial tool designed to amplify your savings potential with every transaction. Dive into a world of benefits and opportunities as we unravel the exclusive features tailored to elevate your financial journey:

Welcome Rewards: Kickstart your savings journey with a lucrative welcome offer! Earn 2,000 Bonus Reward Points worth Rs. 500 when you spend Rs. 2,000 within the initial 60 days of activating your card.

Seamless UPI Integration: Experience convenience like never before with the SBI ThriftSpend Credit Card, now compatible with the RuPay network. Seamlessly link your card to popular UPI applications such as Google Pay, PhonePe, Paytm, and more for effortless transactions.

Renewal Fee Waiver: Enjoy the perks of financial prudence as the annual renewal fee of your card is waived upon spending Rs. 1 Lakh or more in the previous year. Say goodbye to unnecessary charges and hello to continuous savings!

Fuel Surcharge Benefits: Drive towards savings with every fuel transaction! Avail a 1% waiver on fuel surcharge for transactions ranging between Rs. 500 and Rs. 3,000. Maximize your benefits with a monthly cap of Rs. 100 on surcharge waivers.

Family-Friendly Add-On Cards: Extend the benefits to your loved ones with ease! Avail complimentary add-on ThriftSpend Credit Cards for your family members – parents, siblings, and spouse – at no additional cost. Let them unlock savings opportunities while enjoying financial freedom.

Rewarding Spend Categories: Accelerate your savings with our rewarding spend categories! Earn 10X Reward Points for every Rs. 150 spent on dining, departmental stores, movies, and grocery purchases, translating to a reward rate of 2.5%. Additionally, earn 1 Reward Point for every Rs. 150 spent on other purchases, ensuring that every expenditure counts towards your savings goals.

Flexible Reward Redemption: Redeem your hard-earned Reward Points across a plethora of categories, including shopping and purchasing gift vouchers, or utilize them to offset your card’s outstanding balance. Experience the flexibility of redemption options tailored to suit your lifestyle.

Transparent Fees & Charges: Stay informed about the financial aspects of your card with complete clarity! The joining and annual fee for the ThriftSpend card is Rs. 499 + GST. Additionally, familiarize yourself with other charges such as interest rates, cash advance fees, and foreign currency mark-up to manage your finances effectively.

Eligibility Criteria Simplified: Navigate through the credit card application process effortlessly with a clear understanding of the eligibility criteria. Factors such as age, income, and credit history influence your eligibility for the ThriftSpend SBI Card. Ensure compliance with the criteria to streamline your application process and embark on your savings journey seamlessly.

Experience the power of savings at your fingertips with the SBI ThriftSpend Credit Card. Apply now and unlock a world of financial opportunities tailored to elevate your savings game!

Criteria	Age	Income
Salaried	18 years – 65 years	Rs. 20,000 per month
Self-employed	21 years – 65 years	Rs. 20,000 per month (as per ITR)

How to Apply for an SBI SimplySAVE RuPay Card?

Applying for an SBI SimplySAVE RuPay Card is a straightforward process that offers both online and offline options for your convenience. Here’s a step-by-step guide to help you through the application process:

Offline Application:

1. Visit your nearest SBI branch and request a physical application form for the SimplySAVE Card from the branch executives.
2. Fill in the form accurately and ensure all required information is provided.
3. Submit the completed application form along with any necessary documents as per the bank’s requirements.

Online Application:

1. Click on the “Apply Now” button on your screen to initiate the online application process.
2. You will be redirected to the official credit card application page.
3. Fill in the required details accurately, ensuring all information is correct.
4. Submit your application electronically through the website.

If you encounter any difficulties during the application process, don’t hesitate to reach out to SBI Card customer care for assistance.

Activation & PIN Generation:

1. Activate your SimplySAVE SBI Card by generating a PIN at your nearest SBI ATM.
2. Navigate to the PIN generation option using OTP on the ATM’s main menu and follow the prompts accordingly.
3. Alternatively, log in or sign up to your SBI Card internet banking account to activate your card and generate a PIN online.
4. If needed, contact customer care for assistance with PIN generation.

Credit Card Limit:

1. The credit limit for the SimplySAVE SBI Credit Card varies depending on individual cardholders’ payment behavior and credit history.
2. Contact customer care or visit the branch to request a credit limit increase if needed.
3. Ensure responsible card usage for at least six months to build trust with the card issuer and potentially qualify for a higher credit limit.

Bill Payment:

1. Timely payment of your credit card statement is crucial to maintaining a healthy credit score.
2. Explore various payment options such as SBI bill desk, NEFT from another bank account, YONO app, SBI ATM, or offline payment at an SBI branch.
3. Ensure payment is made well in advance of the due date to avoid late fees and penalties.

Follow these steps diligently to successfully apply for, activate, manage, and make payments for your SBI SimplySAVE RuPay Card, ensuring a smooth and hassle-free experience with your credit card usage.

Cards Similar To SBI SimplySAVE Credit Card

Benefits	SimplySAVE SBI Card	SBI SimplyCLICK Credit Card	HDFC MoneyBack Plus Credit Card
Annual Fee	Rs. 499	Rs. 499	Rs. 500
Rewards Rate	1 Reward Point on every spend of Rs. 100. 10x Reward Points on groceries, movies, dining, and departmental stores.	1 Reward Points on every offline spend of Rs. 100. 5x Reward Points on online spends. 10x Reward Points on online spends on partner brands.	2 Cash Points on every offline spend of Rs. 150. 5x Cash points on EMI transactions at merchant outlets. 10x Cash Points on Flipkart, Amazon, Big Basket, Swiggy, and Reliance Smart Store.
Reward Redemption	1 Reward Point = Re. 0.25 for redemption against products, vouchers, and cashback.	1 Reward Point = Re. 0.25 for redemption against the product catalog and statement balance.	1 Cash Point = Re. 0.25 for redemption on SmartBuy. 1 Cash Point = Re. 0.25 for redemption against the statement balance.
Additional Benefits	N/A	Earn gift vouchers worth up to Rs. 4,000 every year upon achieving the spend milestone.	Earn gift vouchers worth up to Rs. 2,000 every year on achieving the spend milestone.

SBI SimplySave RuPay Credit Card Review

Priced at an affordable annual fee of just Rs. 499, the SimplySAVE SBI Card stands out as an ideal choice for individuals venturing into the realm of credit cards for the first time. With its focus on shopping benefits across select categories, this card presents a compelling option for those looking to kickstart their credit journey without breaking the bank.

Beyond its emphasis on shopping, the SimplySAVE SBI Card also offers accelerated Reward Points on expenditures related to movies and dining. However, for individuals who predominantly engage in online shopping activities, the SBI SimplyCLICK Credit Card may prove to be a more suitable alternative.

Therefore, before committing to any credit card, it is imperative to conduct a thorough analysis of your spending patterns. By understanding where your expenses are concentrated, you can determine whether the features and benefits of a particular card align with your needs and preferences.

For newcomers to the world of credit cards seeking a basic card with rewarding perks, the SimplySAVE SBI Card presents a viable option worth considering.

We invite you to share your insights and experiences with the SimplySAVE SBI Card in the comments section below. Your feedback is invaluable in helping others make informed decisions about their credit card choices.

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