Downgrading Your SBI Platinum Credit Card to a Regular Card

Welcome to SBI Card Downgrade Guide

It's important to note that SBI no longer issues the Platinum card. The existing Platinum cards have been converted to SBI Prime cards. If you still possess a Platinum card and find yourself unable to use it for certain transactions, downgrading to a regular card can be a suitable solution.

There are two primary options for downgrading your card: SBI SimplyClick for online purchases and SBI SimplySave for groceries and departmental store shopping. Both cards have a fee of ?499 (including GST) each, and they serve as a more cost-effective alternative to the Platinum card.

Reasons to Downgrade Your Card

Limited usage for the annual limit of ?3,00,000 Feeling overwhelmed by the benefits and expecting lower utilization Reducing annual fees and associated costs Seeking a card that caters more to specific spending needs like online shopping or grocery shopping

Steps to Downgrade Your Card

1. Calling Customer Care
To initiate the process of downgrading your card, call the customer care number printed on the back of your card. The customer care will guide you through the necessary steps to block your current card and issue a new one based on your request and the internal parameters of the bank.

2. Verification and Confirmation
Once you make the call, the bank may ask for additional information to verify your identity and your card details. Ensure you have all the necessary information handy.

3. New Card Issuance
Upon successful verification, your current card will be blocked, and a new card will be issued based on your request. This process typically takes a few days to complete.

Benefits of the New Cards

SBI SimplyClick Card
Ideal for online shopping, this card does not have the luxury of the high annual spending limit but offers convenience and ease in making online purchases.

SBI SimplySave Card
Targeted at those who prefer to shop at departmental stores and groceries, this card simplifies your spending experience while maintaining cost-efficiency.

Final Thoughts

Downgrading your SBI Platinum card to a regular card can be a practical decision if you no longer require the benefits of the Platinum card or find the card’s annual spending limit limiting. Follow the steps mentioned above to seamlessly transition to a card that better suits your needs.

Always check the latest information and terms from SBI to ensure you are aware of any changes or updates. Remember, customer care is always there to assist you with any queries or concerns you may have.