State Bank of India is one of the leading banks in India that offers great financial services and products. They are designed to meet the changing needs and requirements of the customers. The credit cards offered by the State Bank of India are unique and come with a myriad of benefits and features. The SBI Advantage Plus credit card is specifically designed for shopping and you can enjoy a lot of perks when you use it for making purchases.
Highlights:
- Avail Encash facility with this SBI card that will allow you to open FD accounts with the bank.
- Global acceptance at more than 24 million merchant outlets.
Benefits of SBI Advantage Plus Card:
There are several benefits of the SBI Advantage Plus credit card. These are as follows:
- Ready Cash : Get cash from your credit card at more than a million automated teller machines across the world that accepts Visa or MasterCard credit cards.
- Global Acceptance : This particular SBI credit card can be used by you at more than 24 million merchant outlets across the globe. In India, you can use the SBI Simply Save Advantage card at 3,25,000 merchant outlets. All outlets that accept MasterCard or Visa will accept your SBI credit card.
- Additional Cards : You can choose to empower your loved ones with additional or supplementary cards. People who can avail these SBI add-on cards are your children, spouse, parents and siblings. The holder of the add-on card must be at least 18 years old.
Features of SBI Simply Save Advantage Credit Card:
- Cash on the Go : You can withdraw cash whenever you want from automated teller machines across the world that accepts Visa or MasterCard cards.
- Facility for Utility Bill Payment : You can choose to pay all your electricity bills, phone bills, mobile bills and other utility bills using the SBI Simply Save Advantage credit card.
- EMI Balance Transfer : You can save a lot of money will paying the outstanding amount on your credit card. The outstanding balance on the credit cards of other banks can be transferred to your SBI Simply Save Advantage card. This way, you will be able to enjoy lower rates of interest and can pay back in easy monthly installments. In order to avail this service, you must log on to sbicard.com using your user id and password.
- Flexipay : Using the Flexipay facility, you convert all your transactions on the SBI card to easy monthly installments. You must remember that the minimum purchase must be worth Rs.2,500 for availing Flexipay. All you need to do is log on to sbicard.com and convert your purchase to monthly installments. Make sure you do it within 30 days from the date of purchase.
- Easy Money : Avail a Cheque or draft against the cash limit and get it delivered at your address using the Easy Money facility.
Fees and Charges:
| Type | Fees and Charges |
| Annual Fee (One Time only) | Rs.500 |
| Renewal Fee (per annum basis) | Rs.500 |
| Add-on card Fee | Nil |
| Interest Free Credit | Avail interest free credit period for 20 days to 50 days. This is applicable on retail purchases only. Outstanding amount of previous month should be cleared. |
| Finance Charges | Avail finance charges of 2.25% on a monthly basis (27% per annum on all transactions). |
| Minimum amount due | 5% of the total outstanding balance (Minimum of Rs.200 along with all the applicable taxes) |
| Limit on Cash Advance | The cash advance can to up to a maximum of 80%, capped at Rs.15,000 per day |
| Free Credit Period | Nil |
| Finance Charges for Cash Advance | Avail finance charges of 2.25% on a monthly basis (27% per annum on all transactions). |
| Cash Advance Fee at SBI ATMs or other bank ATMs | 2.5% of the total amount transacted (Subject to minimum amount of Rs.300) |
| Cash Advance Fee at International ATMs | 3% of the total amount transacted (Subject to minimum amount of Rs.300) |
| Cheque Pick Up | Rs.90 |
| Fee for Payment Dishonor | 2% of the total amount transacted (Subject to minimum amount of Rs.350) |
| Retrieval of Statement | Rs.100 for each statement (2 months or more old) |
| Retrieval of Charge Slip | Rs.225 for every slip |
| Late Payment Charges | 0 if outstanding balance is less than Rs.200; Rs.100 if outstanding balance is between Rs.200 and Rs.500; Rs.400 if outstanding balance is between Rs.500 and Rs.1,000; Rs.500 if the outstanding balance is between Rs.1,000 and Rs.10,000; Rs.750 if the outstanding balance is above Rs.10,000 |
| Card Replacement Fee | Rs.100 |
| Emergency card replacement, when overseas | Actual fee along with extra $175 |
| Conversion mark-up for Foreign Currency transactions | 3.5% |
| Fee for Rewards Redemption | Rs.99 |
| Fee for Cash Payment | Rs.100 |
| Railway Ticket Surcharge at the counters | Rs.30 along with 2.50% of the total transaction amount |
| Railway Ticket Surcharge via online (IRCTC website) | 1.80% of the total transaction amount along with applicable service charge |
Things to know:
- Cheque will not be accepted if they are payable outside clearing the zones. The payment is accepted via local drafts or Cheque that are payable only in Delhi.
- Taxes are applicable on all the interest, fees and charges.
- You can choose to call the SBI card helpline number anytime you want.
