Highlights
- Compare the SimplySAVE SBI Card and SimplySAVE Advantage SBI Card.
- Check the Features and Benefits of both the cards and the difference between them.
- Know the difference between the Fees, Charges, and Eligibility Criteria of these cards.
The SimplySave SBI Card and SimplySave Advantage SBI Card are both lifestyle credit cards offered by SBI Card. They focus on providing accelerated rewards on everyday spending categories like dining, groceries, and entertainment, while offering additional benefits such as fuel surcharge waivers and annual fee reversals. Are you trying to decide between the SimplySave SBI Card and the SimplySave Advantage SBI Card? Although both cards are designed to help you save on everyday purchases, they have some key differences that might make one a better choice for you. Let's explore these differences to help you make an informed decision. Also, check the CIBIL score for free on Wishfin before you apply for the credit card as it is an important eligibility criteria.
Comparing the Features of the SimplySave SBI Card and the SimplySave Advantage SBI Card
| Features | SimplySave SBI Card | SimplySave Advantage SBI Card |
|---|---|---|
|
Annual Fee (one-time) |
Rs. 499 + taxes |
Rs. 499 + taxes |
|
Renewal Fee (per annum) |
Rs. 499 + taxes |
Rs. 499 + taxes |
|
Fee Waiver Condition |
Get a fee reversal on spends of Rs. 1 lakh or more in the previous year. |
Spend Rs. 1 lakh or more in the previous year to avail fee reversal. |
|
Add-on Card Fee |
Nil |
Nil |
|
Welcome Offer |
2,000 bonus reward points on spends of Rs. 2,000 in first 60 days |
No welcome offer |
|
Reward Points - Movies, Dining, Grocery, & Department Stores |
10 points per Rs. 150 spent |
10 points per Rs. 150 spent |
|
Reward Points - Other Categories |
1 point per Rs. 150 spent |
1 point per Rs. 150 spent |
|
Reward Point Value |
4 reward points = Re. 1 |
4 reward points = Re. 1 |
|
Fuel surcharge waiver |
1% waiver on transactions between Rs. 500 - Rs. 3,000. (Up to a maximum of Rs. 100 per statement cycle) |
1% waiver on transactions between Rs. 500 - Rs. 3,000, (Up to a maximum of Rs. 100 per statement cycle). |
|
Finance Charges |
3.35% per month |
2.5% per month |
|
Cash Advance Fees |
2.5% of the amount withdrawn, or a minimum of Rs. 500 |
2.5% of the amount withdrawn, or a minimum of Rs. 500. |
|
Minimum Age Requirement |
21 years |
18 years |
|
Maximum Age Limit |
70 years |
65 years |
|
Minimum CIBIL Score |
750 and above |
750 and above |
Key Differences
- Welcome Offer: The SimplySave SBI Card offers 2,000 bonus reward points when you spend Rs. 2,000 or more within the first 60 days of card issuance, whereas the SimplySave Advantage SBI Card doesn't have a welcome offer.
- Finance Charges: The SimplySave Advantage SBI Card has a lower finance charge rate at 2.5% per month compared to the SimplySave SBI Card's 3.35% per month.
- Age Eligibility: The SimplySave Advantage SBI Card is available to applicants from 18 years of age (maximum 65 years), while the SimplySave SBI Card requires applicants to be at least 21 years old (maximum 70 years).
Similar Features
Both cards share several features:
- Annual fee structure (Rs. 499 one-time and renewal)
- Fee waiver condition (spend Rs. 1 lakh or more annually)
- Reward point structure for various spending categories
- Fuel surcharge waiver benefits
- Global acceptance at over 24 million outlets worldwide
- Add-on card facility at no extra cost
- Balance transfer and FlexiPay facilities
Who Should Choose Which Card?
Choose SimplySave SBI Card if:
- You're a new credit card user looking for welcome benefits
- You're between 21-70 years of age
- You want to take advantage of the 2,000 bonus reward points offer
Choose SimplySave Advantage SBI Card if:
- You're between 18-65 years of age (especially younger users)
- You tend to carry balances and would benefit from the lower interest rate
- You don't prioritize welcome offers
Conclusion
Both the SimplySave SBI Card and SimplySave Advantage SBI Card offer similar core benefits focused on everyday spending categories. The SimplySave SBI Card edges ahead with its welcome offer, while the SimplySave Advantage SBI Card provides a lower interest rate and broader age eligibility. Your choice should depend on your age, whether you typically carry balances, and if you value initial welcome benefits. Ultimately, both cards deliver good value for everyday spenders who can meet the annual spending threshold of Rs. 1 lakh to get the renewal fee waived.
FREQUENTLY ASKED QUESTIONS
1. What are the reward points offered on the SimplySave SBI Card and SimplySave Advantage SBI Card?
Both cards offer 10 reward points on every Rs. 100 spent on dining, movies, departmental stores, and grocery purchases. For other categories, both cards offer 1 reward point on every Rs. 100 spent.
2. What is the value of each reward point for the SimplySave SBI Card and SimplySave Advantage SBI Card?
For both cards, 1 reward point is worth Rs 0.25, meaning 4 reward points equal Rs. 1
3. What are the key differences between the SimplySave SBI Card and SimplySave Advantage SBI Card?
The main differences lie in the welcome offers, finance charges, and age eligibility. The SimplySave SBI Card offers a welcome bonus of 2000 reward points on transactions of Rs. 2000+ within 60 days of card issuance plus Rs. 100 cashback on first ATM withdrawal, while the SimplySave Advantage has no welcome offer. The SimplySave Card has higher finance charges at 3.35% per month compared to 2.5% for the Advantage Card.
4. Can the annual renewal fee be waived for the SimplySave SBI Card and SimplySave Advantage SBI Card?
Yes, for both cards the renewal fee can be waived by spending Rs. 1 lakh or more in a year.
5. Is there a fuel surcharge waiver benefit on the SimplySave SBI Card and the SimplySave Advantage SBI Card?
Yes, both cards offer a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3000, up to a maximum of Rs. 100 per month.
