South Indian Bank Simply Save SBI Card
SBI and South Indian Bank have collaborated to present a global Credit Card named the South Indian Bank Simply Save SBI Card. This card offers exciting features and a wide range of benefits to the cardholders. To know more about South Indian Bank Simply Save SBI Card interest rate, South Indian Bank Simply Save SBI Card eligibility, and documents required for South Indian Bank Simply Save SBI card, stay tuned at loanbaba.com.
South Indian Bank Simply Save SBI Card Features:
Welcome Gift of 2000 points.
Zero per cent fuel surcharge.
1 reward point for every expense of Rs 100.
2.5% value-back on expenses made at departmental and grocery stores.
Cash back of Rs 100 on the first withdrawal from ATM.
How is this card Beneficial?
When a cardholder spends Rs 2000 using this card within 2 months of initiation, they earn 2000 bonus reward points.
A cardholder can earn cash back of Rs 100 on their first ATM withdrawal, provided the withdrawal is done within the first month.
Up to 2.5% value-back can be earned when the card is used to buy grocery items and items from departmental stores.
1 reward point can be availed for every expense of Rs 100 by using the card.
A fuel surcharge waiver of 2.5% can be received if the expense on fuel at any Indian petrol pump is between Rs 500 to Rs 3000.
This card is widely accepted in over 24 million mercantile outlets throughout the globe.
Cardholders are eligible to apply for free additional cards for their kin, provided the add-on cardholder is more than 18 years of age.
Cardholders are able to withdraw cash from any Visa or MasterCard ATM at any corner of the world.
This card can be used for easy bookings of rail tickets from the IRCTC portal.
Cardholders can pay utility bills online by using the "Easy Bill Pay" option.
Money can be saved while paying credit card dues with this card. The facility of Balance Transfer on EMI enables cardholders to transfer the outstanding balance of their credit card from any bank to their South Indian Bank Simply Save SBI card account and enjoy lower rates of interest. The cardholders are also allowed to repay in instalments.
Cardholders can use the Flexipay option and convert their transactions of a minimum of Rs 2500 into month-wise instalments.
The card presents the Easy Money option that enables cardholders to avail a draft or cheque against their cash limit. The draft or cheque is delivered to the cardholders' doorstep.
South Indian Bank Simply Save SBI Card Fees:
The card renewal fee is Rs 499.
The annual fee is Rs 499.
The additional card fee is zero.
The interest-free credit period is 20 to 50 days.
The minimum amount due is 5% of the entire outstanding balance.
The limit on cash advance is up to 80% of the credit-limit (the upper limit being Rs 12,000 per day).
The finance charge is 3.35% per month.
The cash advance fee at international ATMs is 3% of the transacted amount, the minimum being Rs 300. The fee at SBI or any other domestic ATM is 2.5% of the transacted sum, the minimum being Rs 300.
The check pick-up charge is Rs 90.
The charge-slip retrieval fee is Rs 225 for every charge-slip.
Payment dishonour fee is 2% of the payment sum (minimum being Rs 350).
Retrieval of statement costs Rs 100 for every statement, if the statement is minimum 2-month-old.
The over-limit fee is 2.5% of the over-limit amount, the minimum being Rs 500.
The foreign currency transaction fee is a conversion mark-up of 3.5%.
The emergency card replacement fee, when outside India, is the actual cost, the minimum being $175.
The card upgrade fee is Rs 200.
The fee for redeeming rewards is Rs 99.
The card replacement fee is Rs 100.
The finance charge on cash advance is up to 3.35% per month.
Cash payment fee is Rs 100.
Surcharge on train tickets bought at railway counters is Rs 30 + 2.5% of the transacted amount.
The maximum waiver on fuel surcharge is Rs 100 for every statement cycle per credit card account.
The surcharge on train bookings done from the IRCTC website is 1.8% of the transacted amount + service charge.
Late Payment Fees:
No fee is charged if the outstanding amount is below Rs 200.
The fee is Rs 100, if the outstanding amount is between Rs 200 and Rs 500.
The charge is Rs 400, if the outstanding is between Rs 500 and Rs 1000.
Rs 500 are charged, if the due is between Rs 1000 and Rs 10,000.
Rs 750 are charged, if the outstanding amount is above Rs 10,000.