Sbi Simply Save Credit Card Limit

Easily handle your account using the SBI Card Mobile App, allowing you to conveniently manage it while on the move.

The one-time annual fee for the SBI Simply Save Credit Card is Rs. 499.

The annual renewal fee for the SBI Simply Save Credit Card is Rs. 499.

SBI SimplySAVE Credit Card Limit: Privileges and Benefits

The SimplySAVE SBI Card offers numerous benefits without any restrictions.

Extravaganza Offer

Make purchases worth Rs. 2,000 or above within the first 60 days and receive an additional 2,000 Reward Points as a bonus. For further information, click here.

10x Reward Points

Get rewarded for your everyday expenses with the SBI Simply Save Credit Card. Earn 10 Reward Points for every Rs 150 spent on dining, movies, departmental stores, and grocery shopping. For all other purchases, you will earn 1 Reward Point per Rs 150 spent (where 4 Reward Points equal to Rs. 1).

Enjoy Complete Fuel Freedom

Enjoy the benefit of not having to pay the additional 1% fuel surcharge when you make a transaction at any petrol pump in India. To avail this offer, simply make a purchase between Rs. 500 to Rs. 3,000 at the petrol pump.

Experience Unlimited Fuel Independence

With the SimplySAVE SBI Card, you can enjoy a surcharge waiver of up to Rs. 100 per statement cycle, giving you maximum benefits.

Sbi Simply Save Credit Card Spending Limit

From the second year of your subscription, you can have the annual membership fee waived. To be eligible for this waiver, you must have made purchases totaling Rs. 1,00,000 or more on your SimplySAVE SBI Card in the previous year.

What is the credit card limit for 50000 salary?

The credit card limit refers to the maximum amount of money that can be borrowed using a credit card. It acts as a spending cap and determines how much you can charge on your credit card each month. In this case, if you have an SBI Simply Save Credit Card and earn Rs 50,000 per month with a good credit score (which shows your ability to repay debts), you may qualify for a higher credit limit.

SimplySAVE SBI Card: Features, Charges & Fees

Characteristics and Attributes

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Costs and Expenses

Reward Point

Get 1 Reward Point for every Rs. 150 spent with the SimplySAVE SBI Card. You can use these points to settle your credit card balance or exchange them for a variety of gifts from our Rewards Catalogue. Explore the catalogue now and pick your desired gifts.

Welcome Offer

Receive a cashback of Rs. 100 when you make your first ATM withdrawal within 30 days of receiving your SBI Simply Save Credit Card.

Contactless Advantage

    • Daily purchases now made easy with SimplySAVE SBI Card. Simply wave your card at a secure reader to transact
    • Fast & convenient: No need to hand over your card or look for cash /coins for everyday small ticket purchases
    • Security: The card never leaves your hand during a Contactless transaction, significantly reducing the risk of card loss and fraud due to skimming (counterfeit). Even if the card is waved multiple times at the reader, the unique security key feature of Visa payWave will ensure that only one transaction goes through, thus making it more secure
    • Please click here to download the FAQ’s
    • Please click here to download the list of Merchants enabled for transactions.

Worldwide Acceptance

The SimplySAVE SBI Card can be used at more than 24 million establishments worldwide, with over 3,25,000 outlets in India. It is accepted for payments at any store that accepts Visa or MasterCard.

Add-on Cards

You have the option to provide additional cards to your family members, such as parents, spouse, children or siblings over 18 years old, with the SimplySAVE SBI Card.

Cash on the Go

You can easily withdraw money from more than 1 million ATMs worldwide that accept Visa or MasterCard.

Utility Bill Payment Facility

You can conveniently pay your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay feature available on your SimplySAVE SBI Card. For more information, click here.

Balance Transfer on EMI

    • Save money while paying your credit card dues
    • Transfer the outstanding balance of other banks’ credit cards to your SimplySAVE SBI Card, and avail a lower rate of interest and pay back in EMIs
    • Log on to sbicard.com with your user ID and password to take benefit of this service
    • Click here to know more about Balance Transfer on EMI

Flexipay

You can conveniently convert your purchases into monthly installments with Flexipay. Simply make a transaction of Rs. 2,500 or above using your SimplySAVE SBI Card and visit sbicard.com within 30 days to log in and convert it into Flexipay. If you want to know more about applying for Flexipay, click here.

The SBI Simply Save Credit Card has an annual fee of Rs. 499, which is a one-time payment. For subsequent years, there is a renewal fee of Rs. 499 per annum. However, if the total amount spent on the card in the previous year is equal to or exceeds Rs. 1,00,000, then the renewal fee will be reversed and not charged. Additionally, there is no add-on fee for this credit card annually.

Fees and Charges

To find out about the fees and other charges that may apply, please consult the Most Important Terms & Conditions.

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SBI Simply Save Credit Card Payment Settlement Order

We do not accept cheques that are payable outside the clearing zones. We only accept payment through local cheques or drafts that can be paid in Delhi. All applicable taxes will be charged on all the fees, interest, and charges mentioned above.

By using the card continuously, you are acknowledging and accepting any changes made to it.

To contact the customer service for SBI Simply Save Credit Card, you can dial either 39 02 02 02 (with local STD code) or 1860 180 1290.

Is it allowed to utilize the entire credit card limit?

Using your entire credit card limit is allowed, but it is not advisable. When you max out your credit card by spending up to the maximum limit, it can have a negative impact on your credit score. This means that in the future, when you need to borrow money for something important like buying a house or a car, lenders may be hesitant to approve your loan application because they see you as someone who has used up all their available credit.

Not only does maxing out your credit card affect your borrowing options, but it also comes with financial consequences. When you have a high outstanding balance on your credit card, you will have to pay interest on that amount until it is fully repaid. The interest rates charged by banks and financial institutions can be quite substantial, which means that if you are unable to pay off the balance quickly, the interest charges can add up and put you at risk of falling into debt.

To avoid these problems and maintain good financial health, it is recommended to use only a portion of your credit card limit rather than reaching its maximum capacity. By keeping some available credit unused and paying off balances in full or within manageable limits each month, you demonstrate responsible usage of credit and improve your chances of getting approved for loans in the future without accumulating excessive debt or paying hefty interest charges.

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Credit card limit for a salary of $25000

The credit limit provided by SBI for their Simply Save Credit Card depends on various factors such as income stability and repayment history. By utilizing the 1.5X – 3X method, applicants with a salary of ₹25,000 have the opportunity to receive a credit limit that is one and a half times or even three times their monthly earnings.

Converting SBI simply save points into cash: How can it be done?

SBI Card offers a convenient feature where you can convert your reward points into cash. To avail this service, simply call the toll-free number 1800 180 1290 or dial (prefix local STD code) 39 02 02 02 and request for the conversion of your points into cash.

In simple terms, if you have accumulated reward points on your SBI credit card, you have the option to exchange them for real money. This means that instead of using these points for discounts or rewards at partner stores, you can choose to receive their monetary value directly in your bank account.

Is it possible to possess 3 SBI credit cards?

You can have up to three SBI credit cards at a time. This means that if you already have two SBI credit cards, you can apply for one more and hold a maximum of three in total.

SBI Simply Save Credit Card is one of the credit card options offered by State Bank of India (SBI). It is designed to provide convenience and savings to its users. With this card, you can earn reward points on your everyday purchases such as groceries, dining out, and fuel expenses. These reward points can be redeemed for various benefits including vouchers, merchandise, or even direct statement credits.

When it comes to the limit on your SBI Simply Save Credit Card, it refers to the maximum amount of money that you are allowed to spend using your card. The credit limit is determined by several factors such as your income level, repayment history, and creditworthiness. It is important to use your credit responsibly and not exceed the assigned limit in order to maintain a good financial standing with the bank.

1. You can hold up to three SBI credit cards at once.

2. SBI Simply Save Credit Card offers rewards on everyday purchases.

3. The credit limit on your card depends on various factors and should be used wisely within its assigned range