Credit Card Reviews

SBI’s Simply Save ADVANTAGE Card Review (2017)

SBI Simply Save Advantage Credit Card

The Simply Save Advantage card is a variant of credit cards offered by SBI. It is mainly aimed at individuals who use their credit cards predominantly for shopping. It is worth mentioning here that SBI has a wide array of credit cards that cater to the varying needs of users like travel, dining, online shopping etc.

SBI already has another credit card in this segment called the SBI Simply Save credit card and when they came up with a card named Simply Save Advantage card, users naturally expected a whole new lot of features or at least some add-on advantages in this new card. Surprisingly, SBI seems to have fallen short of marketing ideas to cash in on the new card variant. On closer scrutiny, both the Simply Save and the Simply Save Advantage are strangely similar except minor changes in the fee charged. We will come to that later. At the outset, it is safe to say that someone who already owns a Simply Save card is not losing out on much if he doesn’t bother exploring the Advantage variant.

 

Benefits of the SBI Simply Save Advantage credit card

  • 10X Reward Points on all credit cards spends made movies, dining, groceries and departmental stores. These reward points can later be used to pay the outstanding balance on your credit card or redeem against a wide array of gifts
  • A truly international card that can be used in two million visa merchant outlets.
  • Say goodbye to fuel surcharges for each transaction between Rs. 500 and Rs. 3,000. The maximum waiver that can be claimed by a user per statement cycle is restricted to Rs.100
  • Enjoy free annual membership from the second year. To avail this, you need to spend Rs. 90,000 or more in the previous year
  • You can gift an Add-on card to a near one at zero charges.
  • As part of the welcome offer, users can earn a  cashback of Rs100 on their first withdrawal from an ATM. To be eligible for this offer, the withdrawal should be made within 30 days of receiving the credit card.
Features of the SBI Simply Save Advantage credit card
  • It can be used for railway ticket bookings at www.irctc.co.in.
  • This credit card can be used to pay all utility bills like gas, electricity, water and so on.
  • The EMI balance transfer is a facility that is increasingly being used by many new users. Under this scheme, they can transfer their pending dues under another card to the SBI card. Since SBI offers low interest rates than most other banks, customers stand to gain a lot from this.
  • Flexipay allow users to convert their large transactions into smaller, manageable EMIs. This can be done within 30 days of the purchase

Differences between Simply Save and the Simply Save Advantage

Although it is quite difficult to spot differences between the two cards, they certainly do exist. We are not quite sure whether these differences are significant enough to force users to change cards. Nonetheless, we have listed those down for your information.

  • Under the extended credit facility, while the Simply Save card charges up to 3.35% per month, accounting to 40.2% per annum from the transaction, the Advantage variant charges only up to 2.50% per month, accounting to 30.0% per annum from the transaction
  • Under the Cash Advance, the Simply Save card charges up to 3.35% per month, accounting to 40.2% per annum from the transaction, the Advantage variant charges only up to 2.50% per month, accounting to 30.0% per annum from the transaction
Bottom line

It is quite obvious from the above that there aren’t any significant differences to talk of between the Simply Save and the Simply Save Advantage credit cards. For individuals who use credit cards for shopping activities, the SBI Simply Save Advantage credit card is certainly recommended.

Leave a Comment