SimplySAVE SBI Card benefits
- Rewards10
reward points per ₹150 on dining, groceries, department stores and movies
- Rewards1
reward point per ₹150 on other spends
- Rewards2,000
bonus points on spending ₹2,000 in the first 60 days
- Fuel
Fuel surcharge waiver up to ₹100 a month
Good to know
- Annual fee ₹499, waived on yearly spends of ₹1 lakh
SimplySAVE SBI Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Dining and food delivery10 points per ₹150 at restaurants, bars and fast food outlets. Shares a limit of 5,000 points a month with groceries, department stores and movies. | 6.67 points per ₹100 | 5,000 |
| Groceries10 points per ₹150 at grocery stores, supermarkets and department stores. Shares the 5,000 point monthly limit. | 6.67 points per ₹100 | 5,000 |
| Everything else | 0.67 points per ₹100 | None |
We value one point at ₹0.25 in the usual redemption.
No rewards on: Fuel, rent, government payments, digital gaming, cash advances, balance transfers, Encash and Flexipay.
All reward rules
- You earn 1 point per ₹150 on other spends. SBI Card's terms say 2,000 points pay ₹500 of your bill, so 1 point is worth ₹0.25.
- Movie theatre spends also earn 10 points per ₹150, inside the same 5,000 point limit.
- After the 5,000 point limit, you earn 1 point per ₹150.
- Welcome offer: 2,000 bonus points (worth ₹500) when you spend ₹2,000 within 60 days of getting the card.
- Points are valid for 24 months. A ₹99 fee plus tax applies to statement credit and physical product redemptions.
What the SimplySAVE SBI Card gives back in a year
Say you spend ₹30,000 a month, like our “food and groceries” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹10,000 | 1.67% | ₹2,001 |
| Dining and food delivery | ₹9,000 | 1.67% | ₹1,801 |
| Online shopping | ₹3,000 | 0.17% | ₹60 |
| Travel | ₹1,000 | 0.17% | ₹20 |
| Fuel | ₹2,000 | 0% | ₹0 |
| Bills and utilities | ₹3,000 | 0.17% | ₹60 |
| Everything else | ₹2,000 | 0.17% | ₹40 |
| Total | ₹30,000 | ₹3,983 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹3,983* |
That is ₹1,763 a year more than the IDFC FIRST Classic Credit Card on the same spending.
SimplySAVE SBI Card annual fee and charges
- Joining fee
- ₹499
- Annual fee
- ₹499
- Fee waiver
- ₹1,00,000 a year
- Foreign currency markup
- 3.5%
The renewal fee is waived if you spend ₹1 lakh or more in the previous year. Fees are before GST.
Fuel surcharge: Fuel surcharge waiver on transactions from ₹500 to ₹3,000, up to ₹100 a month.
SimplySAVE SBI Card eligibility
- Age
- 21 to 70
SBI Card's issuance policy sets 21 to 65 years for salaried people and 25 to 70 years for self-employed people. Exceptions need internal approval. The documents we checked give no minimum income for this card.
The bank alone decides approval and your credit limit.
SimplySAVE SBI Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Is the SimplySAVE SBI Card right for you?
A card with a ₹499 fee that spending can waive, paying 1.67% on dining and food delivery and a below-average 0.17% elsewhere.
Worth its fee if you spend about ₹5,000 a month or more. Below that, the ₹499 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend a lot on dining and food delivery: the card pays 1.67% back there, against 0.17% on most other spends.
- You spend ₹1,00,000 a year or more (about ₹8,400 a month), so the ₹499 renewal fee is waived.
- It is your first credit card: the terms are simple and the fee is low or nil.
Not for you if
- You spend less than about ₹8,400 a month: you would pay ₹589 a year with GST.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to SimplySAVE SBI Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| SimplySAVE SBI Card | ₹499 | 1.67% | ₹2,163* |
| IDFC FIRST Classic Credit Card | Free | 1.25% | ₹1,755* |
| EazyDiner IndusInd Platinum Credit Card | Free | 0.4% | ₹1,202* |
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the annual fee of the SimplySAVE SBI Card?
The joining fee is ₹499 and the renewal fee is ₹499 a year, both before GST. The renewal fee is waived if you spend ₹1 lakh or more in the previous year.
How much is one SimplySAVE reward point worth?
SBI Card's terms say 2,000 points pay ₹500 of your bill, so 1 point is worth ₹0.25. On dining and groceries you earn 10 points per ₹150, which is about 1.67% back.
Is there a limit on SimplySAVE reward points?
Yes. The 10X points on dining, movies, groceries and department stores are limited to 5,000 points a month, worth ₹1,250. After that you earn 1 point per ₹150.
Which spends earn no points on this card?
Fuel, rent, government payments, digital gaming, cash advances, balance transfers, Encash and Flexipay earn no points.
Does the SimplySAVE SBI Card give lounge access?
The card's terms do not list any airport lounge benefit.
Who can apply for the SimplySAVE SBI Card?
SBI Card's policy sets an age of 21 to 65 years for salaried people and 25 to 70 years for self-employed people. The documents we checked do not give a minimum income for this card.