SBI SimplySAVE Credit Card

Entry-level rewards card with fee-waiver potential

Annual fee₹499Waived on ₹1.0L spend

Rewards0.17%Assumes 1 RP = Rs.0.25, anchored to issuer's stated welcome-offer value: 2000 Bonus Reward Points valued at `500 (equal to 1st-year fee) in SBI-hosted SimplySAVE value chart; also consistent with SBI's 'upto 2.5% Value Back (10 Reward Points on every Rs.100)' brochure claim. Redeemable against outstanding balance or Rewards Catalogue gifts; min 2000 RP to redeem; separate Reward Redemption Fee applies.

Forex markup3.5%3.5% on all foreign currency transactions

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Welcome benefits

worth ₹500

2,000 Bonus Reward Points worth ₹500 on spend of ₹2,000 or more in first 60 days

Type: Reward Points
Trigger: Spend ₹2,000 within 60 days

Rewards

Base earn rate

1 Reward Point per ₹150 spent on all other spends

Category	Rate	Cap
Dining	—	—
Movies	—	—
Departmental Stores	—	—
Grocery	—	—

• Reward Points are valid for a period of 24 months (for all cards except AURUM). For AURUM, Reward Points never expire.
• Redemption fee: ₹99

Fees & charges

Joining fee: ₹499 + taxes
Annual / renewal fee: ₹499 + taxes
Annual fee waiver: Renewal Fee is reversed if annual spends for last year >= ₹1,00,000
Add-on card fee: Nil
Interest rate: Finance Charges: 3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards. Minimum Finance Charges ₹25
Interest-free period: 50 days
Cash advance fee: 2.5% of transaction amount (subject to a minimum of ₹500)
Overlimit fee: 2.5% of the overlimit amount that exceeds the credit limit or ₹600, whichever is higher, will be levied. Overlimit Fee will be levied only once per billing cycle.
Payment dishonour: In case of a Payment Dishonor, cardholder will be charged payment dishonor fee of 2% of Payment Amount subject to minimum charges of ₹500
Forex markup: 3.5% on all foreign currency transactions
DCC markup: 3.50%
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, on ₹500–₹3000 txns, max ₹100/cycle

Late payment

Outstanding amount	Late fee
₹0 – ₹100	₹0
₹101 – ₹500	₹100
₹501 – ₹1,000	₹500
₹1,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹950
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

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Eligibility

Salaried: minimum ₹18,000/month income. Self-employed: 2+ years of filed ITR showing equivalent annual income. Age 21–65. CIBIL 700+ recommended.

Features

✓ Contactless✓ International usage

Additional features

Utility bill payment facility
Flexipay EMI conversion
Balance transfer on EMI
Global acceptance at over 24 million outlets
Cash withdrawal from over 1 million ATMs globally

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Dining — 1.67% back

0% of spend100% of spend

Movies — 1.67% back

0% of spend100% of spend

Remaining 65% of spend earns the 0.17% base rate.

Rewards / year

₹4,170

≈ 0.69% effective

Annual fee

₹0 (waived)

waived at ₹1,00,000/yr spend

Net steady-state return

+₹4,170/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹4,170 a year.

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One-time joining fee (year 1 only): ₹499

One-time welcome benefit: ~₹500 — 2000 Bonus Reward Points on total purchase of Rs.2,000 or more within 60 days of receiving card; new cards only (not upgraded/re-issued/replaced/renewed); valid only for SimplySAVE with year-1 fee Rs.499; excludes cash withdrawals, balance transfer, Easy Money Draft spends; max 2000 points per account.

Based on published rates as of 2026-08-07; assumes 1 RP = Rs.0.25, anchored to issuer's stated welcome-offer value: 2000 Bonus Reward Points valued at `500 (equal to 1st-year fee) in SBI-hosted SimplySAVE value chart; also consistent with SBI's 'upto 2.5% Value Back (10 Reward Points on every Rs.100)' brochure claim. Redeemable against outstanding balance or Rewards Catalogue gifts; min 2000 RP to redeem; separate Reward Redemption Fee applies.. Rewards estimates, not guarantees.