Credit Cards for Salary below Rs.20000
Are you earn below 20000 salary and want to make a credit card in the
pocket for spending necessary purchases? So this article for you to understand which
one is best and suitable for you. Having a credit card in pocket is not
important until you need to learn how to utilize the credit card wisely.
Credit cards are paperless
and cashless and always come in handy until pay your bills on time to time and enjoy
the benefits such as cash backs, reward points, discount coupons etc. Every
credit card account is assigned a credit limit and you can utilise the card
till the assigned limit. Once you make the payment at the end of the
pre-specified credit period, your credit limit will be restored and offers the
flexibility to make transactions, independent of the balance available in your
bank account.
Simply SAVE SBI Card
SBI Simply
SAVE credit card is best suited for a frequent shopper who frequently spending
on purchase of grocery, departmental store purchases, dining and movies etc. And
this card offers big rewards such as on that and you will get maximum benefit out
of it.
Important points of Simply SAVE SBI Card:-
1) This Card Suited for Shopping and Mid-Level Type Category
2) One Time Annual Fee: Rs. 499
3) Yearly Renewal Fee: Rs. 499
4) 10x
reward points on dining, movies, grocery and departmental store spends
5) On
all your other spends, earn 1 Reward Point per Rs 150 spent 4 Reward Points = Rs. 1 and much more
Benefits - Simply SAVE SBI Card
1) Get
Rs. 100 cash back on your first ATM cash withdrawal, if done within 30 days of
receiving your card
2) Presence
of Worldwide Acceptance
3)
Contactless, Fast & Secure and Highly security Enabled
significantly reducing the risk of card loss and fraud due to skimming
(counterfeit).
4) Cash
on the Go
5) Pay your electricity, telephone, mobile and other
utility bills using the Easy Bill Pay facility on your Simply SAVE SBI Card and
much more
6) To
avail fee reversal, you need to have spent Rs. 1,00,000 or more on your
SimplySAVE SBI Card in the previous year
Fees & Charges - Simply SAVE SBI Card
1) One Time Annual Fee: Rs. 499 and Yearly Renewal Fee: Rs. 499
2) Extended
Credit Charges 3.50% p.m. (42% p.a.)
3) Late Payment Fee as per below list
· Nil for the total amount due from Rs. 0 to Rs. 500
· Rs. 400 for the total amount due greater than Rs.
500 and up to Rs. 1,000
· Rs. 750 for the total amount due greater than Rs.
1,000 and up to Rs. 10,000
· Rs. 950 for the total amount due greater than Rs.
10,000
· Rs. 1,100 for Total Amount due greater than Rs.
25,000 & up to Rs. 50,000
· Rs. 1,300 for Total Amount due greater than Rs.
50,000
Eligibility and Documentation - Simply SAVE SBI Card
Eligible
with Minimum Income
For Salaried Applicants Rs. 20,000 pm and Self-employed with Minimum income Rs .30000 pm
Documents Required:
Proof of Identity:
PAN
Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of
India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters
issued by the UIDAI or any other government approved photo ID proof
Proof of Address:
Aadhaar
card, Driver’s License, Passport, Utility Bill not more than 3 month’s old,
Ration Card, Property Registration Document, Person of Indian Origin Card, Job
card issued by NREGA, Bank Account Statement or any other government approved
address proof
Proof of Income: Latest one or 2 salary slip (not more than 3 months
old), Latest Form 16, Last 3 months’ bank statement and some other additional
documents in case asked by issuing Authority and for more information you can
visit their official site.
Conclusion: -
Simply
SAVE SBI Card is one of the best credit card available in market for Salary below
Rs.20000 and mainly suitable for frequently who do shopping and provide a huge cashback
and discount up to 10X of their Purchase having credit card in pocket is not
important until you need to learn how to utilise the credit card wisely and pay your bills on time to time and enjoy the benefits.