Raised card close request on June 19 midnight. Received call from SBI on June 21 morning. The reason I chose for card closure is "Annual Fee related" so the agent right away asked - "you are having problems in paying annual fees, right sir?" I said yes because this doesn't give me much rewards to pay yearly ₹500+ GST. He offered me that he can reverse the annual fee for one year and it will get reflected in your statement in 2 days. I asked him to make it LTF or close the card as I do not use it much. He said recently you had 6 months EMI in it (card closure request was placed one week after the 6th EMI payment is done on time), so the reason looks invalid (???) and immediately he offered me you can upgrade this card to Platinum bla bla etc premium cards. Then I asked him whether I can upgrade/swap this card to SBI BPCL normal or SBI BPCL Octane. He said yes you can, so I asked him to upgrade to BPCL (as I do not fill so much fuel in BPCL as I am working from home now and BPCL outlets are not accessible easily compared to other fuel pumps plus ₹5000 spends reverse the annual fee in this normal BPCL card). He placed this request again saying you will receive verification call and after you receive your BPCL card your SimplySave card will get deactivated. The credit limit will be exactly same (₹2,46,000) and since the first request is placed for annual fee reversal, I do not need to pay first year annual fee for the new card. I agreed. Let's see how it goes after 1 year. Got the reversal today and I transferred it to my savings account 😛
TLDR: Placed card closure request, agent called and I asked him to either close or make it LTF. He refused to make it LTF but reversed annual fee for one year, also offered upgrade options to premium cards. I asked him about upgrading to BPCL normal/BPCL Octane, he said both are possible, I opted for BPCL normal and for this new card I do not need to pay first year annual fee as the reversal request is already placed.
Out of topic: How to mention people's account/profile name here in posts? Using "@" doesn't seem to suggest or show people names?