I’m considering getting the SBI SimplySAVE Credit Card, but I like when a card offers a good welcome bonus to make it worthwhile. Are there any welcome benefits, and are they easy to claim?
Yes, and honestly, the welcome benefits on the SBI SimplySAVE Credit Card are pretty good for an entry-level card. When I got mine, I made sure to take advantage of them. Here’s what you get:
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2,000 Bonus Reward Points – If you spend ₹2,000 within the first 60 days, you get 2,000 reward points credited to your account. Since this card gives 10X rewards on dining, movies, and groceries, hitting this spend requirement is fairly easy if you use it for your routine expenses. I just used it for a couple of grocery runs and a few restaurant outings, and I had my bonus points in no time.
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₹100 Cashback on First ATM Withdrawal – If you withdraw cash from an ATM within 30 days of getting the card, you get ₹100 cashback. However, I’d be cautious with this one. Withdrawing cash using a credit card incurs high interest rates (3.5% per month), so unless you really need cash, it’s better to avoid this benefit.
The best part? 2,000 reward points can be redeemed for vouchers or used to offset your statement balance, making this a pretty decent starting perk. It’s basically a ₹500+ value if used wisely.
So, if you’re planning to get this card, my advice would be to make your first ₹2,000 spend as soon as possible on something you were going to buy anyway—like groceries or dining. That way, you unlock your bonus without any extra effort!