Hot Deal SBI credit card against FD

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I have applied SBI simply click credit card against FD through branch. What are the chances of getting approval of credit card. Will sbi agent come to address for verifications?

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Even i wanted to apply for Simply Click card. the Bank executive told that I can get Card based on the FD ,
but that also comes with a fees or spend based fees waiver,
Since i do have a salary account with SBI I was told that both SBI simply save and Simply click gives same rewards and for salary accounts
they offer only Simply save credit card free for 1st year and fee waiver from 2nd year on spends of 30k.
Was i provided with the right information ?
even on an FD do i need to pay the credit card fees i don’t meet the minimum spend ? experienced CC dimers please help on this
@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod @BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @getready @ F7-Dimer-Primer @Tejaa
@A.M.A.Z.O @kirandr221996 @JaffaReddy @drupal @Alexios
@ F7-Dimer-Primer – Dimer primer ka naam kabhi tag nahi hota list me show hone ke baad bi.. aisa khatarnak nam kyu rakha hai bhai laughing

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beastboy wrote:

Even i wanted to apply for Simply Click card. the Bank executive told that I can get Card based on the FD ,
but that also comes with a fees or spend based fees waiver,
Since i do have a salary account with SBI I was told that both SBI simply save and Simply click gives same rewards and for salary accounts
they offer only Simply save credit card free for 1st year and fee waiver from 2nd year on spends of 30k.
Was she giving me the right information ?
even on an FD do i need to pay the credit card fees i don’t meet the minimum spend ? experienced CC dimers please help on this
@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod @BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @getready @ F7-Dimer-Primer @Tejaa
@A.M.A.Z.O @kirandr221996 @JaffaReddy @drupal
@ F7-Dimer-Primer – ye dimer primes ka naam kabhi tag nahi hota list me show hone ke baad bi.. aisa khatarnak nam kyu rakha hai bhai laughing

@F7-Dimer-Primer

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beastboy wrote:

may be problem with the desktop version wink

Not that, you need to put @@ before & after usernames with – in their names instead of usual @ before username with no spaces.

@F7-Dimer-Primer

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As far as I know SBI cards don’t come with “customised spending based waiver” like what the person told you. Maybe it is some one time promotional scheme but even then I wouldn’t trust it without confirmation in writing which you will not get. Simplyclick card will cost you 587(incl gst) if you don’t spend 1 lakh in a year but it also gives 2.5% on all amazon transactions(excl amazon pay wallet loading) so you can pay all utilities/insurance premium on amazon using this card to get 2.5% worth reward points & meet the 1 lakh spend target.

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beastboy wrote:

may be problem with the desktop version wink

Nope. Use @@ before and after the username instead of selecting it.

U will never face a problem.

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Don’t trust anything the bank executives say. They are trained only to push cards and have only half-baked information about the features. A confirmation call will come after approval who will give you the correct details but by then it will be too late. Better to read everything online.
If you have a salary account with the bank, try to apply for the regular cards instead of through FD. Then, you will get a joining gift equal in value to first-year fee and also your money won’t be frozen in the FD. If it doesn’t get approved for some reason, you can try with FD. The FD cards are called Simply Save Advantage and Simply Click Advantage and they usually don’t come with the joining gifts.
For both SimplySave and SimplyClick ( regular as well as Advantage/FD variants), the spending value to waive fee from second year onwards is 1Lakh. If the executive says they’ll offer FD cards first year free and waiver 30k, ask them to give that to you in writing.
Also, the rewards are not the same for both cards. For Simplyclick (and Simplyclick advantage), it’s 2.5% on Amazon, Cleartrip and a few more sites, 1% on all other online spends and 0.25% on offline spends. For simplysave (and Simplysave advantage), it’s 2.5% on all offline grocery stores, offline departmental stores and restaurants and 0.25% on all other online/offline spends. Another difference is that reward points can be directly converted into statement credit on Simply save but not Simplyclick.

@saddam9304967 If you’ve given them Pan, adhaar and FD details along with photograph in the branch no separate address verification is done. You’ll just get phone calls saying you’re approved and another to confirm card details.

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guest_999 wrote:

As far as I know SBI cards don’t come with “customised spending based waiver” like what the person told you. Maybe it is some one time promotional scheme but even then I wouldn’t trust it without confirmation in writing which you will not get. Simplyclick card will cost you 587(incl gst) if you don’t spend 1 lakh in a year but it also gives 2.5% on all amazon transactions(excl amazon pay wallet loading) so you can pay all utilities/insurance premium on amazon using this card to get 2.5% worth reward points & meet the 1 lakh spend target.

I already have
Indusind Amex Iconica
Prime Account + APay ICICI
HDFC Millenia
HSBC Visa Platinum
Yes Bank (Something)
Should I still go for this card for Amazon rewards..
I actually needed this only for SBI related offers, so that i dont have to go on
searching and asking anyone to give his her card.
Also if you know about how to get the Card via FD and the charges associate with it, It will be really helpful

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waveparticle wrote:

Don’t trust anything the bank executives say. They are trained only to push cards and have only half-baked information about the features. A confirmation call will come after approval who will give you the correct details but by then it will be too late. Better to read everything online.
If you have a salary account with the bank, try to apply for the regular cards instead of through FD. Then, you will get a joining gift equal in value to first-year fee and also your money won’t be frozen in the FD. If it doesn’t get approved for some reason, you can try with FD. The FD cards are called Simply Save Advantage and Simply Click Advantage and they usually don’t come with the joining gifts.
For both SimplySave and SimplyClick ( regular as well as Advantage/FD variants), the spending value to waive fee from second year onwards is 1Lakh. If the executive says they’ll offer FD cards first year free and waiver 30k, ask them to give that to you in writing.
Also, the rewards are not the same for both cards. For Simplyclick (and Simplyclick advantage), it’s 2.5% on Amazon, Cleartrip and a few more sites, 1% on all other online spends and 0.25% on offline spends. For simplysave (and Simplysave advantage), it’s 2.5% on all offline grocery stores, offline departmental stores and restaurants and 0.25% on all other online/offline spends. Another difference is that reward points can be directly converted into statement credit on Simply save but not Simplyclick.

@saddam9304967 If you’ve given them Pan, adhaar and FD details along with photograph in the branch no separate address verification is done. You’ll just get phone calls saying you’re approved and another to confirm card details.

@waveparticle – thanks for the detailed explanation.. KG 2 U… grinning

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@beastboy with all these cards I am not sure you actually need simplyclick because I don’t see you spending 1 lakh on this card & without that you will be paying 587 as annual fee from 2nd year onwards(1st year also you pay but you also get 500 amazon voucher as welcome gift so that cancels it). Get this card only if you are planning on spending at least 10000 in an amazon sale with sbi credit card 10% offer like current one because here you will then get 1000(sbi 10% off) + 500(yono 5% unlimited but if not having yono which needs sbi savings acc then no point in getting simplyclick if you already have apay icici card) + 250(simplyclick 2.5% reward points) compared to apay icici 500(5% unlimited) but out of that (1000 + 500 + 250) you will lose 600 as card annual fee so with remaining 1150 you can still say taking this card was not a loss. Yono offer also works with sbi debit card & amazon biggest sale of the year which happens in oct always has sbi debit card also incl in offer.

P.S. sbi card against FD can only be taken by visiting branch & there is no processing fee or any other type of fee. In fact during verification call you will be specifically asked to confirm that you had not paid any cash to agents/card persons for this application. Physical verification of address is only done in case of self employed person taking card against income & not FD in which case the person’s company/office address will be verified.

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beastboy wrote:

Even i wanted to apply for Simply Click card. the Bank executive told that I can get Card based on the FD ,
but that also comes with a fees or spend based fees waiver,
Since i do have a salary account with SBI I was told that both SBI simply save and Simply click gives same rewards and for salary accounts
they offer only Simply save credit card free for 1st year and fee waiver from 2nd year on spends of 30k.
Was i provided with the right information ?
even on an FD do i need to pay the credit card fees i don’t meet the minimum spend ? experienced CC dimers please help on this
@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod @BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @getready @ F7-Dimer-Primer @Tejaa
@A.M.A.Z.O @kirandr221996 @JaffaReddy @drupal @Alexios
@ F7-Dimer-Primer – Dimer primer ka naam kabhi tag nahi hota list me show hone ke baad bi.. aisa khatarnak nam kyu rakha hai bhai laughing

Don’t apply FD based card you will be stuck with low limit and no enhancement offers, you need to close the card if you need to break fd, get simply click which is far better than simply save for online spends
,They don’t even check cibil for FD card forget about the verification

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guest_999 wrote:

@beastboy with all these cards I am not sure you actually need simplyclick because I don’t see you spending 1 lakh on this card & without that you will be paying 587 as annual fee from 2nd year onwards(1st year also you pay but you also get 500 amazon voucher as welcome gift so that cancels it). Get this card only if you are planning on spending at least 10000 in an amazon sale with sbi credit card 10% offer like current one because here you will then get 1000(sbi 10% off) + 500(yono 5% unlimited but if not having yono which needs sbi savings acc then no point in getting simplyclick if you already have apay icici card) + 250(simplyclick 2.5% reward points) compared to apay icici 500(5% unlimited) but out of that (1000 + 500 + 250) you will lose 600 as card annual fee so with remaining 1150 you can still say taking this card was not a loss. Yono offer also works with sbi debit card & amazon biggest sale of the year which happens in oct always has sbi debit card also incl in offer.

P.S. sbi card against FD can only be taken by visiting branch & there is no processing fee or any other type of fee. In fact during verification call you will be specifically asked to confirm that you had not paid any cash to agents/card persons for this application. Physical verification of address is only done in case of self employed person taking card against income & not FD in which case the person’s company/office address will be verified.

yeah.. Thanks for the explanation bro…
I have SBI salary account , HDFC and IDFC Bank salary account too stuck_out_tongue
so ordering via yono shouldnt be difficult.. but getting rewards via yono is a big issue.. confused which i came to know after reading lots of Dimers comments

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drupal wrote:

Don’t apply FD based card you will be stuck with low limit and no enhancement offers, you need to close the card if you need to break fd, get simply click which is far better than simply save for online spends
,They don’t even check cibil for FD card forget about the verification

What kind of enhancement offers are provided bro… ?
Can’t we break the FD before closing the card.. ?
I am going to do a minimal FD of 30K to get 20k(approx. 70% of 30K) credit limit ,
as the max discount of 10% in any sale will not cross Rs.1500..
and i dont feel most of my family members , friends or dimers will purchase a gadget worth more than 20k( in case I am not able to use the card much and need to make a
purchase for someone else, just to avoid the loss of card fees) wink

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@beastboy A friend of mine has planned to reach 1L spends once in three years as he is having multiple cards. Every 3rd year he’ll save 2500 (2.5%) + 1500 (Cleartrip voucher) = 4000. He has availed the card primarily for 10% discount during sales.

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cadence wrote:

@beastboy A friend of mine has planned to reach 1L spends once in three years as he is having multiple cards. Every 3rd year he’ll save 2500 (2.5%) + 1500 (Cleartrip voucher) = 4000. He has availed the card primarily for 10% discount during sales.

Aah great.. Didnt know that we can do this and get benefitted.. 1 lakh in 3 years shouldnt be a big deal
and the 1500 cleartrip voucher itself will approximately cover the cost of the card fees..
I thought the milestones vouchers are provided only for spends done withing a single year..
any futher details on how he is saving only 2.5% only every 3rd year..
it should be 10% (sale discount) + 5%(Yono) + 2.5%(as usual online shopping discount)..
i feel he is not counting the sale an yono discount and is counting only the normal 2.5% discount right bro ?

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beastboy wrote:

Aah great.. Didnt know that we can do this and get benefitted.. 1 lakh in 3 years shouldnt be a big deal
and the 1500 cleartrip voucher itself will approximately cover the cost of the card fees..
I thought the milestones vouchers are provided only for spends done withing a single year..
any futher details on how he is saving only 2.5% only every 3rd year..
it should be 10% (sale discount) + 5%(Yono) + 2.5%(as usual online shopping discount)..
i feel he is not counting the sale an yono discount and is counting only the normal 2.5% discount right bro ?

Spend offers are based on annual basis.

Since he has multiple cards he has planned to meet the spend based offer of 1L once every 3 years. In this way he saves 4k which will help him offset the card fees for few years.

Yes 2.5% spend on Amazon without Yono.

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cadence wrote:

Spend offers are based on annual basis.

Since he has multiple cards he has planned to meet the spend based offer of 1L once every 3 years. In this way he saves 4k which will help him offset the card fees for few years.

Yes 2.5% spend on Amazon without Yono.

meri khurafati buddhi.. bi kya kya imagine kar leti hai… stuck_out_tongue laughing

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beastboy wrote:

meri khurafati buddhi.. bi kya kya imagine kar leti hai… stuck_out_tongue laughing

My post wasn’t clear 😄! He has taken the card mostly for frequent SBI sale offers. It’s not feasible for him to meet annual spend every year hence even if he meets it every 3rd year he can offset the fees.

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@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod
@BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @waveparticle
@getready @F7-Dimer-Primer @Tejaa @A.M.A.Z.O @cadence
@kirandr221996 @JaffaReddy @drupal @Alexios @titamazon @Snikeus

I got this reply from the SBI local branch official email regarding the card available to me
They mentioned I can get Simply Save Pro (Having feature of both Simply Save and Simply Click) , but its not mentioned in the pamphlet shared
Please check the image below for the T&C.. you inputs are highly appreciated.. TIA smile
Also as mentioned by @titamazon he got an SBI prime card free of cost because of
Corporate account.. and when asked for the same , SBI guys have sent me details of SBI Prime Pro card but its fees is mentioned
as 3k+ taxes and fee waiver at 2Lakh.. bro if possible request you to share the step on how
you got the card for free as i do have Corporate Salary Account with SBI.

https://imgur.com/a...i6

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beastboy wrote:

Even i wanted to apply for Simply Click card. the Bank executive told that I can get Card based on the FD ,
but that also comes with a fees or spend based fees waiver,
Since i do have a salary account with SBI I was told that both SBI simply save and Simply click gives same rewards and for salary accounts
they offer only Simply save credit card free for 1st year and fee waiver from 2nd year on spends of 30k.
Was i provided with the right information ?
even on an FD do i need to pay the credit card fees i don’t meet the minimum spend ? experienced CC dimers please help on this
@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod @BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @getready @ F7-Dimer-Primer @Tejaa
@A.M.A.Z.O @kirandr221996 @JaffaReddy @drupal @Alexios
@ F7-Dimer-Primer – Dimer primer ka naam kabhi tag nahi hota list me show hone ke baad bi.. aisa khatarnak nam kyu rakha hai bhai laughing

Binod ko kyun chhor diya

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beastboy wrote:

@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod
@BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @waveparticle
@getready @F7-Dimer-Primer @Tejaa @A.M.A.Z.O @cadence
@kirandr221996 @JaffaReddy @drupal @Alexios @titamazon @Snikeus

I got this reply from the SBI local branch official email regarding the card available to me
They mentioned I can get Simply Save Pro (Having feature of both Simply Save and Simply Click) , but its not mentioned in the pamphlet shared
Please check the image below for the T&C.. you inputs are highly appreciated.. TIA smile
Also as mentioned by @titamazon he got an SBI prime card free of cost because of
Corporate account.. and when asked for the same , SBI guys have sent me details of SBI Prime Pro card but its fees is mentioned
as 3k+ taxes and fee waiver at 2Lakh.. bro if possible request you to share the step on how
you got the card for free as i do have Corporate Salary Account with SBI.

https://imgur.com/a...i6

Seems to be a good card. What are the redemption rates ??

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I do not see this card on sbicard.com, where is 10x on Amazon etc? @beastboy

Image shows simplysave ‘Advantage’

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caks2006407 wrote:

I do not see this card on sbicard.com, where is 10x on Amazon etc? @beastboy

Image shows simplysave ‘Advantage’

ya, simply don’t trust sbi agents… apple dikha key angur bech dengey yea log.

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beastboy wrote:

@caks2006407 @rogerthat @_One_Miller_ @Desi @nimod
@BlueFlash @Simbha3 @Atlantic @rohan8397 @guest_999 @waveparticle
@getready @F7-Dimer-Primer @Tejaa @A.M.A.Z.O @cadence
@kirandr221996 @JaffaReddy @drupal @Alexios @titamazon @Snikeus

I got this reply from the SBI local branch official email regarding the card available to me
They mentioned I can get Simply Save Pro (Having feature of both Simply Save and Simply Click)
Please check the image below for the T&C.. you inputs are highly appreciated.. TIA smile
Also as mentioned by @titamazon who got an SBI prime card free of cost because of
Corporate account.. they have sent me details of SBI Prim Pro card but its fees is mentioned
as 3k+ taxes and fee waiver at 2Lakh.. bro if possible request you to share the step on how
you got the card for free as i do have Corporate Salary Account with SBI.

https://imgur.com/a...i6

Just looking at  the screenshot, this looks like a downgraded version of the regular SimplySave. Assuming they haven’t changed the value of an RP (Rs.0.25), it will net you 1% on groceries and restaurants (as opposed to 2.5%) and 0.2% otherwise (as opposed to 0.25%) which is as good as nothing. Ask them how exactly it has the “features of a Simply click card” because nothing like that seems to be mentioned.

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@beastboy first of all keep in mind that any corporate credit card is excluded from all offers on shopping sites irrespective of which bank corporate credit card it is. Second, I think this is some test basis/non-regular cc being pushed by sbi agent most likely because he gets higher commission on selling this card compared to regular ones. same reason why many people get different card when they apply for simplyclick card & specifically/repeatedly ask/told agent about this. @Sins1995

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A.M.A.Z.O wrote:

Seems to be a good card. What are the redemption rates ??

Saw some youtube videos…for offline spends itself gives 1% rewards rate
(5 reward points on spend of 125 each reward point = 0.25 paisa)
@Simbha3 @caks2006407 ..
so reward rates are not good.. card can only be used for 10% discount + 5% Yono offer
and forget about 2.5% amazon discount..
good if its difficult to spend 1Lakh on any other SBI Card as,
on this card alone as the fee waiver is on just achieving spends of 30k

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@beastboy After reading the complete thread, it appears your main reason for getting a SBI card is only for those dedicated 10% SBI offers; now considering all the rest cards that you have → my personal suggestion would be to get the FD based CC (save/click both nearly same for you since you have iconia & apay both which will cover offline and online spends), since it will be free (Edit: not sure, since some users say it’s free, while others contradict !!!)and you will use it only for these types of offers; you don’t have to use to think about waiver fee and can use other cards combination for better rewards. Get the FD limit as per your choice, 30K should be enough;
Now coming to Simply Save Pro → as per the pamphlet pic, it’s a lower version of simplysave; no features of simplyclick (online type) mentioned and only 5x for offline type spend → personal suggestion not to go for this card, as advised get FD based simply-click/save as your wish.
Also, as mentioned before by one of the user, Corporate cards are always excluded from any bank on such 10% type of dedicated bank offers;
Regarding salary account free/ltf CC, I have no idea
P.S.: How the F do you have 3 salary accounts ? laughing

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BlueFlash wrote:
my personal suggestion would be to get the FD based CC (save/click both nearly same for you since you have iconia & apay both which will cover offline and online spends), since it will be free

SBI FD based cards are not free. You have to pay the first year fee and won’t get joining benefits. Also, the waivers for fee reversal from second year are the same as for regular cards. Moreover, unlike some other banks, SBI doesn’t convert an FD card to a regular card if you close the FD after accumulating some history. You’ll separately have to apply for a regular card at that point which is a hassle (though documentation requirements will be less then). If you are salaried and have a decent credit history, there is absolutely no reason to go for an SBI FD based card.

Missing