SBI SimplySAVE Credit Card

  • Joining Fee: Rs. 499 + GST
  • Renewal Fee: Rs. 499 + GST
  • Best Suited For: Shopping
  • Reward Type: Reward Points
  • Welcome Benefites: Receive 2,000 Reward Points on the expenditure of the same amount within the first 60 days of card issuance.
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A great entry-level credit card, the SBI SimplySAVE charges an annual fee of Rs. 499 and offers a welcome benefit of 2000 bonus reward points. You earn accelerated reward points on grocery, movies, and departmental store purchases with the card, making it perfect for individuals who are new to the credit scene and are seeking to save money on essential everyday expenses. In addition to rewards, you receive an annual fee waiver on spending Rs. 1 lakh or more with the card. There are limited travel, dining, or entertainment privileges associated with the card, as it is primarily designed for beginners seeking an entry-level credit card. To learn more about the card, its benefits and features, as well as its fees and charges, continue reading.

New Features

Spend Based Waiver

Renewal fee can be waived off on incurring Rs. 1 lakh in the previous year

Interest Rates

3.50% per month (or 42% annually)

Add-on Card Fee


Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Fuel Surcharge

1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 (capped at Rs. 100 per month)

Foreign Currency Markup

3.5% of the transaction amount

Cash Advance Charges

2.5% of the amount withdrawn or Rs. 500 (whichever is higher)

Movie & Dining

10X Reward Points on movie and dining spends



International Lounge Access


Rewards Rate

1 Reward Point for Rs. 150 spent (reward rate = 0.25%), 10X RPs for spends made in movies, grocery, dining, & departmental stores (reward rate = 2.5%)



Insurance Benefits


Reward Redemption

Redeem points earned for gift vouchers on or SBI mobile app. Also, for paying the card’s outstanding balance. (1 Reward Point = Rs. 0.25)

Domestic Lounge Access


Zero Liability Protection

On reporting the loss of the card to the bank within the stipulated time, the card holder will not be liable for any transaction done on the card.


This card comes at a low joining fee of 499. You can earn great reward points on spends with this card.


This card doesn’t provide international or domestic lounge access. There aren’t any insurance benefits with this card. Reward redemptions will be chargeable at Rs. 99

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