SBI SimplySAVE Credit Card
Best for entry-level users spending on groceries, dining and movies. 10 Reward Points per Rs 150 on dining, movies, grocery, departmental stores; 1 RP per Rs 150 elsewhere. 4 RP = Rs 1
Terms as of 2026-08-19 · Checked 30 September 2026SBI SimplySAVE Credit Card at a glance
Who it suits: Entry-level users spending on groceries, dining and movies
Rewards & cashback
| Details | |
|---|---|
| How you earn | 10 Reward Points per Rs 150 on dining, movies, grocery, departmental stores; 1 RP per Rs 150 elsewhere. 4 RP = Rs 1 |
| Welcome benefit | 2,000 bonus RP on Rs 2,000 spend within 60 days |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹204 | ₹204 |
| ₹3,00,000 / year | ₹510 | ₹510 |
| ₹6,00,000 / year | ₹1,020 | ₹1,020 |
| ₹12,00,000 / year | ₹2,040 | ₹2,040 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | None standard |
| Fuel surcharge | 1% waiver on Rs 500-3,000 transactions, max Rs 100/cycle |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹499 + GST |
| Annual / renewal fee | ₹499 + GST |
| Fee waiver | Annual fee reversed from year 2 on Rs 1 lakh spend in previous year |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Income / criteria | Age 21-70; salaried or self-employed |
| Age | 21-70 (per card pages) |
| Credit score | 750+ improves approval chances |
Similar cards
| Card | Issuer | Joining / annual fee | Reward rate | Best for |
|---|---|---|---|---|
| Standard Chartered Ultimate | Standard Chartered | ₹5,000 / ₹5,000 | 3.33% base value | High flat reward rate on all spends |
| HDFC Bank Diners Club Black Metal Edition | HDFC Bank | ₹10,000 / ₹10,000 | 3.33% base value | High spenders wanting uncapped-lounge premium card below Infinia |
| HDFC Bank Infinia Credit Card Metal Edition | HDFC Bank | ₹12,500 / ₹12,500 | 3.33% base value | Super-premium, high-spend travellers (invite-only) |
| ICICI Bank Emeralde Private Metal | ICICI Bank | ₹12,499 / ₹12,499 | 3.00% base value | Super-premium spenders wanting unlimited lounges and hotel memberships |
| HSBC Premier | HSBC India | ₹12,000 / ₹20,000 | 3.00% base value | HSBC Premier banking customers |
| YES Bank Marquee | YES Bank | ₹9,999 / ₹4,999 | 2.25% base value | High online spenders |
Frequently asked questions
What is the annual fee of the SBI SimplySAVE Credit Card?
Joining fee ₹499 and annual fee ₹499 (plus 18% GST). Annual fee reversed from year 2 on Rs 1 lakh spend in previous year.
What rewards does it offer?
10 Reward Points per Rs 150 on dining, movies, grocery, departmental stores; 1 RP per Rs 150 elsewhere. 4 RP = Rs 1
Does it give airport lounge access?
None standard
Who is eligible?
Age 21-70; salaried or self-employed. A CIBIL score of 750+ improves approval chances.
Is the SBI SimplySAVE Credit Card good for me?
Best for: Entry-level users spending on groceries, dining and movies. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-08-19. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on SBI Card’s website before applying. FinancePortal is not affiliated with the issuer.