SBI SimplySAVE Credit Card

SBI · VISA★3.8/ 5

✓ Details last verified 1 Jan 2025

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Card name

SBI SimplySAVE Credit Card

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This card is the property of SBI. If found, please return to the nearest SBI branch. Use subject to the issuer's terms.

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Reviewed by CardAdvisor Editorial Team· Last verified 1 Jan 2025· How we research

SBI SimplySave is India's most popular entry-level card for offline shoppers. 10X reward points on dining, grocery, movies, and departmental stores in the first 60 days. Low ₹499 annual fee waived at ₹1 lakh spend.

At a glance

₹499

Joining fee

₹499

Annual fee

₹1,00,000/yr spend

Fee waiver

2.50%

Best reward rate

₹15,000/mo

Min income

Rewards by category

What you earn on every rupee, per spend category.

Category	Type	Rate	Monthly cap
Dining	reward points	2.50%	—
Groceries	reward points	2.50%	—
Other	reward points	0.25%	—

Dining: 10X reward points on dining

Groceries: 10X points on grocery

Other: 1X base reward points

Fees & charges

The numbers that matter beyond rewards — verify on the issuer site before applying.

100% p.m. · 1200.0% p.a.

Finance charge (APR)

3.5%

Forex markup

100% (min ₹600)

Cash advance fee

Free

Add-on card fee

1%, cap ₹250

Fuel surcharge waiver

Rent payment fee

₹99

Reward redemption fee

LATE PAYMENT FEE

Outstanding balance	Late fee
Up to ₹500	Nil
₹501 – ₹5,000	₹500
₹5,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹900
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

Perks & benefits

Estimated annual value beyond rewards.

~₹1,100

total perk value/yr

⛽

fuel waiver~₹600/yr

1% fuel surcharge waiver (up to ₹50/month)

Domestic

🎯

milestone bonus~₹500/yr

₹500 Amazon voucher on ₹1L annual spend

Who is this card for?

First-time card usersLow to moderate spenders

🌱Entry tier — great for first-time and lower-spend users.
🎯Strongest value if you spend heavily on Dining (2.50% back).

👍 Pros

✓Strong rewards that can offset the annual fee for the right spender
✓Simple, accessible entry/mid-tier card

👎 Cons

✕Annual fee applies unless the spend-based waiver is met
✕Fewer premium travel and lifestyle perks

Eligibility & documents

Age18–60 years

Min. income₹15,000/mo

EmploymentSalaried · Self-employed · Student

DOCUMENTS REQUIRED

📄PAN card
📄Aadhaar / valid address proof
📄Latest 3 months bank statement
📄Income proof — salary slips (salaried) or ITR (self-employed)
📄Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

🎁Statement credit / cashback adjustment
🎁Online rewards catalogue (vouchers, merchandise)
🎁Flight & hotel bookings via the issuer rewards portal
🎁Airline / hotel partner point transfers (on eligible cards)

What your sbi reward points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

Statement creditBEST

Capped at 60,000 pts/month from Apr 2026

₹0.25/pt

Rewards catalogueBEST

Vouchers & merchandise

₹0.25/pt

🔥 Live offers on this card

2 live

Transfer bonuses and promos running right now for this card's rewards.

🎁

Festive catalogue: points worth ₹0.35

Limited festive window — redeem SBI Reward Points on the gift catalogue at an improved ₹0.35/point. Redeem before the Apr-2026 statement-credit cap bites.

Ends 2026-06-25 · view offer ↗

🛒

Flights via SBI rewards portal — ₹0.50/point

Book flights through the SBI rewards portal to redeem at ₹0.50/point — double the statement-credit value before the Apr-2026 cap.

Ends 2026-06-28 · view offer ↗

See your best move with these points →

Frequently asked questions

What is the annual fee for the SBI SimplySAVE Credit Card?+

The annual fee is Rs 499, which is waived on annual spends of Rs 100000.

What is the foreign currency markup?+

The forex markup is 3.50% on international transactions.

Is there a fuel surcharge waiver?+

Yes — a 1.00% fuel surcharge waiver, up to Rs 250 per statement cycle.

What is the minimum age and income to apply?+

Applicants must be at least 18 years old with a minimum income of Rs 15000 per month.

SOURCES & VERIFICATION

Fees, reward rates, and benefits for the SBI SimplySAVE Credit Card are taken from SBI's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed for accuracy by CardAdvisor Editorial Team. Card terms change often — always confirm current details on the issuer's site before applying. How we research & review →