Gone are the days when banks would offer a standard credit to all their customers. As the credit card market has become more competitive, banks have come up with a specific credit card to target specific spending patterns of the consumer.<\/p>\n
The SBI Simply Save Credit Card is one such example, which is designed to for consumers who spend a lot on dining, movies, and shopping at supermarkets.<\/p>\n
Let’s discuss some of the benefits the SBI Simply Save Credit Card offer.<\/p>\n
10X Rewards Points<\/strong><\/p>\n As an SBI Simply Save Credit Card user, you can earn 1 reward point for every Rs. 100 spend. However, if you\u2019re spending on dining, movies or groceries, you will earn 10 reward points for every Rs. 100.<\/p>\n To put that in perspective, you get 1 rupee for every 4 points earned.<\/p>\n Comparatively, it\u2019s better because, in most other credit cards, you must spend Rs. 125 to earn 1 point.<\/p>\n Moreover, it goes to show the card is designed for consumers who tend to spend a lot on these categories. But then you earn higher reward points by spending more.<\/p>\n 0% Fuel Surcharge<\/strong><\/p>\n If you\u2019re someone who tends to travel a lot using your personal vehicle, the SBI Simply Save Credit Card can help you save a great deal in terms of fuel surcharge waiver.<\/p>\n If you\u2019re spending anything between Rs. 500 to Rs. 3000 on fuel at any fuel station (petrol pump), you get a waiver on your spending.<\/p>\n That\u2019s a lot of saving for people who spend quite a bit on refueling their vehicle every now and then.<\/p>\n Worldwide Acceptance<\/strong><\/p>\n There are times when your credit is not accepted at some outlets because your banks don\u2019t have a tie-up. With the SBI Simply Save Credit Card, you don\u2019t wave to worry about that.<\/p>\n The International credit card is accepted at over 2 million Visa outlets worldwide and more than 2,85,000 outlets in India.<\/p>\n Whether you\u2019re at a domestic airport or traveling abroad, you don\u2019t worry about carrying cash as long as you carry the SBI Simply Save Credit Card with you.<\/p>\n Spend-based Reversal<\/strong><\/p>\n Apart from rewards points, many credit card providers offer spend based reversal feature to their customers these days. It\u2019s an attractive incentive that encourages users to spend more and more.<\/p>\n The SBI Simply Save Credit Card is no exception to this marketing norm.<\/p>\n It reverses your annual membership fee (Rs. 499 + taxes) from the second year of your subscription if your annual spending goes above Rs. 75000.<\/p>\n Note:<\/strong> There\u2019s no reversal in the first year of your subscription, meaning even if you spend Rs. 75000 or more in the first year, you will get no waiver. However, if you spend over Rs. 2000 within the first sixty days after receiving the card, you earn 2000 bonus reward points, which essentially translates into Rs. 500 \u2013 the sum that nearly equals to your first year\u2019s annual subscription fee.<\/em><\/p>\n Caveat<\/strong><\/p>\n While everything sounds attractive about the SBI Simply Save Credit Card, there\u2019s only one thing that may turn you off, especially if you frequently deal with foreign currencies. It charges 3.5% for foreign currency transaction conversion fee. Some consider this to be a little higher than what other competitors in the market offer.<\/p>\n Cash Back<\/strong>: If you withdraw cash from any SBI ATM using your credit card within the first 30 days, you will get Rs. 100 cash back.<\/p>\nOther Features<\/h2>\n