Karnataka Bank Simplysave Sbi Card - Benefits, Charges and Eligibility
Karnataka Bank Simplysave Sbi Card Overview
Karnataka Bank SimplySAVE SBI Card is a co-branded card issued in association with State Bank of India (SBI). It is aimed at value conscious consumers and offers rewards and features that enable customers to maximize their savings on their regular spend.
Karnataka Bank Simplysave Sbi Card Features
- Issued on VISA Platform
- All the existing e-commerce/POS, ATM Cash Withdrawal limits remain same as per the card type
- Accepted at over 1,82,000 ATMs and more than 10,00,000 Point of Sale terminals in India
- Accepted at more than 1.8 million Visa enabled ATMs and more than 30 million Visa enabled POS (Point Of Sale) terminals worldwide
- Use your card for online shopping, e-payments and bill payments
Karnataka Bank Simplysave Sbi Card Eligibility
All customers holding an account with Karnataka Bank are eligible for this Debit card. Existing eligible customers can also upgrade the accounts to apply for this card.Karnataka Bank Simplysave Sbi Card Fees & Charges
- Joining Fee : Rs 499 plus applicable taxes
- Annual Fee (2nd year onwards) : Rs 499 plus applicable taxes, NIL - on annual spends of Rs. 90,000
- Finance Charges [Monthly](For outstanding dues): 3.35 % on outstanding dues
- Card Lost and Replaced charges: Rs 100 plus applicable taxes
- Regeneration of ATM PIN: Rs 100 plus applicable taxes
Karnataka Bank Simplysave Sbi Card Benefits
- Free Add-on Cards: 2 add-on cards at no additional cost
- Cashless shopping with VISA Debit Card
- Credit Limit Up to Rs.3,00,000
- Welcome Benefit 2000 reward points redeemable as cash or voucher of Rs.500 on 1st spend of Rs.2000 within 60 days of card issuance
- Reward Points One reward point for Every Rs. 100 Spent[Each point will worth Rs.0.25 ]
- Accelerated Reward Points 10X (10 points for every Rs.100 spent on Movies, Dining, Grocery & Departmental Stores)
- Points Redeemable against Cash / Catalogue
- Fuel Surcharge Waiver: 2.5% fuel surcharge waiver across all petrol pumps for transactions of Rs. 500 to Rs. 3000. Maximum surcharge waiver of Rs.100 per month per credit card account
- Will Lifestyle: get a discount of Rs 500
- Get upto Rs. 210 cashback while paying utility bills
- Get Rs. 150 off on first two movie tickets booked on bookmyshow.com through this debit card
- Get upto Rs. 225 cashback on 3 rides from OLA
- You can call bank's Emergency Helpline for Card Blocking/ assistance
- Secure Online Shopping
- 24/7 customer care facility
- Highly safe and secure transactions
Karnataka Bank Simplysave Sbi Card Documents Required
- Proof of Identity : Aadhaar Card/ PAN Card/ Passport Driving License/ Voter ID Card
- Proof of Address : Aadhaar Card/ Driving License/ Ration Card/ Voter ID Card/ Passport
- Passport sized photographs
What is EMV-Chip Based Debit Card?
EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.
EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.
The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.