The SBI Simply Save RuPay Credit Card is a popular choice among credit card users in India, especially for those who are looking for a simple yet rewarding card for everyday transactions. This card provides benefits on dining, movies, groceries, and more, making it perfect for individuals who want to earn rewards on essential purchases. With a competitive annual fee and several privileges, it stands out as a convenient financial tool for the modern user. Let’s dive deep into the features, benefits, and more about this credit card.
Table of Contents
Introduction to SBI Simply Save RuPay Credit Card
The SBI Simply Save RuPay Credit Card is designed for individuals who want to maximize rewards on daily expenses. From dining out to shopping for groceries, this card offers a range of benefits that help users save on their everyday needs. Whether you’re a frequent movie-goer or just looking for a convenient way to make payments, this card is tailored to meet your needs.
With its competitive annual fee of Rs. 499 and renewal fee that can be waived based on spending habits, this card is not only cost-effective but also user-friendly. The integration with UPI payments makes it even more versatile, offering seamless payments across various platforms.
Annual and Renewal Fees
The SBI Simply Save RuPay Credit Card comes with:
- Annual Fee (One-time): Rs. 499
- Renewal Fee (Per Annum): Rs. 499
The renewal fee can be waived if you spend Rs. 1,00,000 or more in the previous year, making it an affordable option for those with high spending habits.
UPI Compatibility
One of the most exciting features of the SBI Simply Save RuPay Credit Card is its UPI compatibility. Users can link their card to any UPI app, allowing for interest-free credit periods on everyday purchases. This adds to the convenience of using UPI for transactions while earning rewards at the same time.
With the card linked to UPI, you can enjoy quick, seamless payments across various platforms. Whether you’re paying for groceries or dining out, this feature makes managing your expenses easier than ever.
Welcome Offer
When you sign up for the SBI Simply Save RuPay Credit Card, you are welcomed with a special incentive. By spending Rs. 2,000 or more within the first 60 days, you can earn 2,000 bonus Reward Points. This initial boost makes the card even more appealing, offering an immediate reward for everyday purchases.
Reward Points System
The card offers a highly rewarding system, especially for specific spending categories:
- Earn 10 Reward Points per Rs. 150 spent on dining, movies, grocery, and departmental stores.
- Earn 1 Reward Point per Rs. 150 spent on all other purchases.
These reward points can be redeemed for a variety of gifts, or they can be used to reduce your outstanding balance. The 4 Reward Points = Rs. 1 redemption rate makes it easy to calculate your potential savings and get the most out of your transactions.
Fuel Surcharge Waiver
Fuel costs can be a significant part of monthly expenses, and the SBI Simply Save RuPay Credit Card offers relief with a 0% fuel surcharge. Users can enjoy freedom from paying the 1% surcharge at any petrol pump, provided the transaction is between Rs. 500 and Rs. 3,000. This is particularly useful for individuals who drive frequently and want to save on fuel expenses.
Spend-Based Fee Reversal
One of the best features of this credit card is the spend-based fee reversal. If you spend Rs. 1,00,000 or more on your card in the previous year, your renewal fee of Rs. 499 is waived. This makes the card essentially free for high spenders, adding even more value to its already impressive range of benefits.
Dining and Entertainment Benefits
The SBI Simply Save RuPay Credit Card shines in the dining and entertainment categories. Users can earn 10x Reward Points for every Rs. 150 spent at restaurants, movie theaters, and on groceries. This makes it ideal for those who enjoy dining out, catching the latest movies, or stocking up on household essentials.
Information in Table format
| Feature | Details | Real-Life Example |
|---|---|---|
| Introduction | A credit card designed for everyday rewards on dining, movies, groceries. | Rohan uses the card for his daily groceries, earning reward points on every purchase. |
| Annual and Renewal Fees | Rs. 499 (annual fee), renewal fee waived if Rs. 1,00,000+ spent annually. | Priya spends Rs. 1,10,000 in a year on groceries and dining, so her renewal fee is waived. |
| UPI Compatibility | Can be linked to UPI apps for seamless payments. | Anil links his card to UPI for quick grocery payments while earning rewards, enjoying both convenience and benefits. |
| Welcome Offer | Earn 2,000 bonus reward points by spending Rs. 2,000 within 60 days. | Riya purchases a new phone with her card and instantly receives 2,000 reward points within the first two months. |
| Reward Points System | Earn 10 points per Rs. 150 spent on dining, movies, groceries, and 1 point for other purchases. | Suresh uses the card to book movie tickets for his family, earning 10x points on the transaction. |
| Fuel Surcharge Waiver | 0% fuel surcharge on transactions between Rs. 500 and Rs. 3,000. | Neha saves money every time she refuels her car, avoiding the usual 1% fuel surcharge. |
| Spend-Based Fee Reversal | Spend Rs. 1,00,000+ in a year to get the Rs. 499 renewal fee waived. | Vijay spends Rs. 1,20,000 on travel and shopping, and as a result, he doesn’t have to pay the renewal fee next year. |
| Dining and Entertainment Benefits | Earn 10x reward points on dining, groceries, and movies. | Sneha frequently dines out and earns extra points with every restaurant bill, redeeming these points for vouchers later. |
| Contactless Payment Feature | Contactless payments by waving the card near a reader. | Amit quickly pays for his coffee by waving his card at a reader, completing the payment without entering his PIN. |
| Worldwide Acceptance | Accepted at over 24 million outlets globally. | Nisha uses her card during her trip to Europe, where she shops at various stores and pays for services effortlessly. |
| Add-On Cards | Add-on cards for family members above 18 years. | Meena provides an add-on card to her son who is studying in college, allowing him to benefit from rewards while managing expenses. |
| Flexipay | Convert purchases over Rs. 2,500 into EMIs. | Raj buys a laptop for Rs. 40,000 and converts the payment into easy EMIs using Flexipay to manage his budget better. |
| Balance Transfer on EMI | Transfer balances from other credit cards to this card at lower interest. | Deepak transfers his outstanding balance from another card and enjoys a lower EMI, saving on interest payments. |
| Utility Bill Payment | Pay electricity, phone, and mobile bills using Easy Bill Pay facility. | Shreya uses the card’s utility bill payment feature to pay her electricity and phone bills on time, earning rewards for each payment. |
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Contactless Payment Feature
The card also offers the contactless payment feature, which allows users to make payments quickly and securely by simply waving the card near a secure reader. Benefits include:
- Speed and Convenience: No need to hand over the card or search for cash.
- Enhanced Security: The card never leaves your hand, reducing the risk of fraud and skimming. Even if waved multiple times, only one transaction will go through.
Worldwide Acceptance
The SBI Simply Save RuPay Credit Card is accepted at over 24 million outlets worldwide, including 325,000 outlets in India. Whether you’re traveling abroad or making payments locally, this card is a reliable companion. It can be used at any establishment that accepts Visa or MasterCard, giving you the flexibility to shop wherever you are.
Add-On Cards
With this card, you can share the benefits with your loved ones. The add-on card feature allows you to issue cards for your parents, spouse, children, or siblings (aged 18 and above). This way, your family members can also enjoy the privileges of the SBI Simply Save RuPay Credit Card.
Flexipay
For large purchases, the Flexipay option allows you to convert your transactions into easy monthly installments. Any purchase over Rs. 2,500 can be converted into EMIs by logging into sbicard.com within 30 days of the purchase. This feature adds flexibility and convenience, helping you manage your finances effectively.
Balance Transfer on EMI
If you have an outstanding balance on another credit card, you can transfer it to your SBI Simply Save RuPay Credit Card and enjoy a lower interest rate through the Balance Transfer on EMI option. This helps you save on interest and spread your repayments over time.
Utility Bill Payment
Managing utility bills is easy with the Simply Save UPI SBI Card. You can pay for services like electricity, telephone, and mobile bills using the Easy Bill Pay facility, ensuring timely payments and avoiding late fees.
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Conclusion
The SBI Simply Save RuPay Credit Card is an excellent choice for individuals who want to make the most of their everyday spending. With benefits like UPI integration, reward points, fuel surcharge waivers, and fee reversals, this card stands out as a versatile financial tool. Whether you’re dining out, shopping, or paying bills, this card offers rewards and convenience at every step.
FAQs
1. What is the SBI Simply Save RuPay Credit Card?
The SBI Simply Save RuPay Credit Card is a credit card designed for individuals looking to earn rewards on their everyday purchases. It offers various benefits, including rewards on dining, groceries, movies, and more, making it suitable for daily expenses.
2. What are the annual and renewal fees for the card?
The SBI Simply Save RuPay Credit Card has a one-time annual fee of ₹499. The renewal fee is also ₹499, but it can be waived if you spend ₹1,00,000 or more in the previous year, making it cost-effective for high spenders.
3. Is the SBI Simply Save RuPay Credit Card compatible with UPI?
Yes, the SBI Simply Save RuPay Credit Card is UPI compatible. Users can link their card to any UPI app, allowing for seamless, interest-free credit on everyday purchases while earning rewards.
4. What welcome offer does this card provide?
Upon signing up, you can earn 2,000 bonus Reward Points by spending ₹2,000 or more within the first 60 days of getting the card. This welcome offer adds immediate value to new cardholders.
5. How does the reward points system work?
You earn 10 Reward Points per ₹150 spent on dining, movies, groceries, and departmental stores, and 1 Reward Point per ₹150 spent on all other purchases. The points can be redeemed for gifts or used to reduce your outstanding balance at a rate of 4 Reward Points = ₹1.
6. Does the card offer any fuel surcharge waivers?
Yes, the SBI Simply Save RuPay Credit Card provides a 0% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at petrol pumps. This helps users save on their fuel expenses.
7. What is the spend-based fee reversal feature?
If you spend ₹1,00,000 or more on your card in the previous year, your renewal fee of ₹499 is waived. This feature allows high spenders to enjoy the benefits of the card without incurring renewal costs.
8. What dining and entertainment benefits are available?
The card allows users to earn 10x Reward Points on every ₹150 spent at restaurants, movie theaters, and grocery stores, making it ideal for those who frequently dine out or enjoy entertainment.
9. How does the contactless payment feature work?
The contactless payment feature allows you to make quick and secure payments by simply waving your card near a secure reader. This method offers speed and convenience while enhancing security since the card remains in your hand during the transaction.
10. Is the SBI Simply Save RuPay Credit Card accepted internationally?
Yes, the SBI Simply Save RuPay Credit Card is accepted at over 24 million outlets worldwide, including 325,000 outlets in India. It can be used at any establishment that accepts Visa or MasterCard, providing flexibility for both local and international transactions.
11. Can I get add-on cards for my family members?
Yes, you can issue add-on cards for your parents, spouse, children, or siblings (aged 18 and above). This allows your family members to enjoy the privileges of the SBI Simply Save RuPay Credit Card.
12. What is the Flexipay feature?
The Flexipay option allows you to convert large purchases over ₹2,500 into easy monthly installments (EMIs). You can activate this option by logging into sbicard.com within 30 days of making the purchase.
13. Can I transfer the balance from another credit card to the SBI Simply Save RuPay Credit Card?
Yes, you can transfer your outstanding balance from another credit card to the SBI Simply Save RuPay Credit Card and enjoy a lower interest rate through the Balance Transfer on EMI option.
14. How can I pay my utility bills with this card?
You can manage utility bill payments easily with the SBI Simply Save RuPay Credit Card by using the Easy Bill Pay facility. This service allows you to pay for electricity, telephone, and mobile bills, ensuring timely payments and avoiding late fees.