SBI SimplySAVE UPI RuPay Credit Card- Get attractive benefits & Review

The SBI SimplySAVE UPI RuPay Credit Card, which was introduced under the SBI-RuPay partnership, is for the entry-level audience seeking value in their spending. It provides both an alluring low interest rate and point system, which makes it attractive especially for first-time SBI credit card users. Of its several features, perhaps one of the most notable has been the capability to integrate the card with Google Pay, PhonePe, Paytm, and other UPI applications that blend the flexibility of UPI payments with credit card benefits.

With accelerated reward points on groceries, dining, and entertainment, along with an annual fee waiver upon spending Rs. 1 lakh, the card ensures savings on essential purchases. While it lacks premium travel benefits, it is a solid choice for those looking for an easy entry into the world of credit with the added convenience of digital payments.

SBI SimplySAVE UPI RuPay Credit Card Features and Benefits

Welcome Benefits

• Receive 2,000 reward points (worth Rs. 500) as a welcome bonus upon spending Rs. 2,000 within the first 60 days of card issuance.

UPI Integration

• This card operates on the RuPay network, making it UPI-enabled.
• You can link the card to popular UPI apps like Google Pay, PhonePe, Paytm, and others, allowing you to make seamless UPI transactions using your credit card for added convenience.

Movie and Dining Benefits

• 10X reward points (10 points per Rs. 150 spent) on specific categories like dining, movies, groceries, and departmental store purchases, translating to a 2.5% reward rate.

Annual Fee Waiver

• The annual fee of Rs. 499 is waived if you spend Rs. 1 lakh or more in the card anniversary year.

Fuel Surcharge Waiver

• A 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at fuel stations.
• The waiver is capped at Rs. 100 per month, making it a helpful feature for regular fuel expenses.

Add-On Cards

• You can issue add-on credit cards for your family members (spouse, parents, siblings) at no additional cost.
• This allows your family to enjoy the same benefits and earn reward points collectively.

Interest-Free Period

• Enjoy an interest-free credit period of up to 50 days (subject to full payment of the previous month’s bill).

How to Earn and Redeem SBI SimplySAVE UPI RuPay Credit Card Reward Points

Earning Reward Points

• 10X Reward Points
  • Earn 10 reward points per Rs. 150 spent on dining, movies, groceries, and departmental store purchases.
  • Reward Rate: 2.5% (10X points on Rs. 150 spent).
• 1 Reward Point for Other Categories
  • Earn 1 reward point per Rs. 150 spent on all other categories.
  • Reward Rate: 0.25%.

Redeeming Reward Points

• Gift Vouchers
  • Redeem your reward points for a variety of gift vouchers from popular brands.
  • You can browse the available vouchers by logging into sbicard.com or using the SBI Card mobile app.
• Pay Against Credit Card Outstanding Balance
  • You can also use your reward points to pay off your credit card statement balance, reducing your outstanding amount.
  • 1 reward point = Rs. 0.25, so 4 reward points = Rs. 1.
• Redemption Process
  • Login to your SBI Card account through the website or mobile app.
  • Navigate to the Rewards section.
  • Choose from available redemption options like gift vouchers or card bill payments.
  • The reward redemption fee is Rs. 99 + GST per request.

Additional Reward Redemption Information

• Points Expiry: Reward points on the SBI SimplySAVE UPI RuPay Credit Card generally expire after two years, so it’s important to redeem them in time.
• Minimum Points for Redemption: Typically, you need a minimum of 2,000 points to start redeeming them.

SBI SimplySAVE UPI RuPay Credit Card Fees and Charges

1. Interest Rate (Finance Charges): 3.50% per month (or 42% annually) on the outstanding amount if not paid by the due date.
2. Cash Advance Fee: 2.5% of the amount withdrawn or a minimum of Rs. 500, whichever is higher, when using the card for cash withdrawals.
3. Foreign Currency Markup: 3.5% of the transaction amount on purchases made in foreign currency.
4. Reward Redemption Fee: Rs. 99 (plus applicable taxes) per redemption request when redeeming reward points.
5. Overlimit Fee: 2.5% of the over-limit amount (minimum Rs. 600).

SBI SimplySAVE UPI RuPay Credit Card: Product Details

1. The card operates on the RuPay network, allowing it to be linked with popular UPI apps like Google Pay, PhonePe, and Paytm for easy transactions.
2. Earn 10X reward points on dining, groceries, movies, and departmental store purchases, and 1 reward point on other spends (Rs. 150 = 1 point).
3. Redeem points for gift vouchers, or pay against the credit card’s outstanding balance (4 reward points = Re. 1).
4. 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 (up to Rs. 100 per month).

SBI SimplySAVE UPI RuPay Credit Card Eligibility Criteria

1. Age:
   • Salaried Individuals: 18 to 65 years.
   • Self-employed Individuals: 21 to 65 years.
2. Income Requirement:
   • Salaried Individuals: Minimum monthly income of Rs. 20,000.
   • Self-employed Individuals: Minimum monthly income of Rs. 20,000 (as per ITR).
3. Credit Score:
   • A good credit score (typically above 650) is preferred to improve approval chances.
4. Employment Status:
   • Both salaried and self-employed individuals are eligible.
5. Documentation Required:
   • Identity proof (Aadhar, PAN, or passport).
   • Address proof (utility bill, Aadhar, etc.).
   • Income proof (salary slips or income tax returns).

How to Activate SBI SimplySAVE UPI RuPay Credit Card

Through SBI ATM:

• Visit any SBI ATM.
• Insert your credit card and choose the ‘Create PIN using OTP’ option from the menu.
• Enter the OTP you received on your registered mobile number.
• Set your 4-digit PIN, and your card will be activated.

Through Internet Banking:

• Log in to your SBI Card internet banking account.
• Navigate to the ‘Credit Card Services’ section.
• Choose the option for PIN Generation and follow the instructions to set your 4-digit PIN.
• Once the PIN is set, your card will be activated.

Through SBI Card Mobile App:

• Download and log in to the SBI Card mobile app.
• Go to the ‘Manage PIN’ section.
• Select your credit card and generate the PIN by entering the required details.
• Once you set your PIN, your card will be activated.

Through YONO App:

• Log in to your YONO SBI app.
• Go to the ‘Credit Card’ section and choose ‘Generate PIN’.
• Set your PIN to activate the card.

SBI SimplySAVE Credit Card Bill Payment

1. Online via SBI Card Website: Log in to sbicard.com and use the ‘Pay Now’ option.
2. SBI Card Mobile App: Use the ‘Pay Now’ feature after logging into the app.
3. SBI YONO App: Make payments directly from your linked SBI account.
4. NEFT/IMPS: Transfer funds using your credit card number as the account number and IFSC Code: SBIN00CARDS.
5. BillDesk: Pay through the SBI BillDesk portal.
6. Auto-Debit: Set up auto-debit instructions for automatic payments.
7. Offline: Visit an SBI branch or use an ATM for cash or cheque payments.

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