SBI Cards and Payment Services (SBI Card) has unveiled a new credit card that gives cardholders 2,000 reward points on spending INR2,000 within 60 days of card issuance.
The SimplySAVE SBI credit card comes with a zero add-on fee and a choice of automatic reversal of the annual fee on annual spends of INR75,000 or more.
The credit card provides customers with 10 reward points per INR100 spent on dining and movies, departmental stores and grocery spends, while purchases made on other categories earn the consumer 1 reward point for every INR100 spent.
In addition, it offers a 2.5% fuel surcharge waiver at all fuel stations across the country. Customers can earn cash points on every transaction and redeem for rewards.
The new card, which has been desgined using a ‘Mandala’ pattern in blue, is aimed at maximizing savings for users while they continue with their spending patterns.
SBI Card CEO Vijay Jasuja said: "Keeping this in mind, we designed a smart product that resonates with their lifestyle and aspirations while taking care of their savings and enhancing their lifestyle. We are confident that the smart spenders of today will appreciate the new SimplySAVE SBI Credit Card and what it can do for them."