SimplySAVE SBI Card
Last Updated : July 10, 2025, 6:09 p.m.
The SimplySAVE SBI Credit Card is a beginner-friendly option crafted for individuals who frequently spend on daily essentials. It’s well-suited for those looking to earn rewards on regular expenses like groceries, dining, movies, and departmental store purchases. With a modest joining and annual fee, this card offers significant value through reward points and practical benefits such as contactless payments, fuel surcharge waivers, and global acceptance.
SimplySAVE SBI Card Features & Benefits
Here are the notable features and benefits of the SimplySAVE SBI Card:
Welcome Rewards
- Get 2,000 bonus reward points on spends of ₹2,000 or more within 60 days of card issuance.
Accelerated Rewards
Enjoy 10 reward points for each Rs. 150 spent on:
Dining
Movies
Groceries
Departmental stores.
- 1 reward point per Rs. 150 spent on all other purchases.
Reward Redemption Value
- The redemption value of reward points is 1 reward point = ₹0.25. This means that 10X rewards = Rs. 2.50 per ₹150 spent in select categories.
Fuel Surcharge Benefit
- Enjoy a fuel surcharge waiver of 1% for fuel spends between Rs. 500 to Rs. 3,000 at fuel stations. (Up to a maximum of Rs. 100 per billing cycle.)
Annual Fee Reversal
The annual fee of ₹499 is waived on expenses of ₹1,00,000 or more in the previous year.
International Usage
- Accepted globally at over 24 million locations, including 3.25 lakh outlets across India that support Visa/Mastercard.
Tap & Pay Convenience
Enables contactless transactions for small purchases without the need for a PIN. This enhances security and speed at checkouts.
Add-on Cards
Get free supplementary cards for family members over the age of 18 years.
Utility Bill Payments
- Use the Easy Bill Pay facility to pay phone, electricity, and mobile bills with ease.
EMI Facility with Flexipay
- Convert purchases above ₹2,500 into affordable monthly EMIs via Flexipay.
Balance Transfer Option
- Transfer balances due from other credit cards to SimplySAVE and repay in EMIs at lower interest rates.
Cash Withdrawals
- Withdraw cash up to 100% of your credit limit from ATMs that accept Visa/Mastercard.
SimplySave SBI Credit Card Fee and Charges
| Charge Type | Fee Details | Notes |
|---|---|---|
Joining Fee | ₹499 + taxes | One-time fee |
Annual Fee | ₹499 + taxes | Waived on annual spend of ₹1,00,000 or more |
Add-on Card Fee | Nil | Complimentary |
Finance Charges | Up to 3.50% per month (42% p.a.) | Applies to unpaid dues |
Cash Withdrawal Fee | 2.5% or ₹500 (whichever is higher) | On ATM transactions |
Overlimit Charges | 2.5% of excess amount (Min ₹600) | Charged on overlimit usage |
Late Payment Fee | ₹0 – ₹1,300 | Based on total outstanding amount |
Payment Return Charges | 2% (Min ₹500) | On failed cheque/auto-debit/online payments |
Foreign Mark-up Fee | 3.50% | On all international transactions |
SimplySAVE SBI Card Eligibility Criteria
To apply for the SimplySAVE SBI Card, you should meet the following criteria:
- Age: Between 18 to 65 years
- Nationality: Indian resident
- Income: Minimum annual income of approximately Rs. 4 lakhs (Varies case by case)
- Credit Profile: A healthy credit score of 700 or higher and no record of recent defaults.
Required Documents for SimplySAVE SBI Card
When applying for the card, keep the following documents ready:
- PAN Card – Identity and tax compliance
- Address Proof – Aadhaar, passport, voter ID, or utility bill
- Income Proof – Recent salary slips, Form 16 (for salaried), or ITR and business proof (for self-employed)
- Photographs – Recent passport-sized photo.
SBI SimplySave Credit Card Vs HDFC MoneyBack Credit Card Vs HSBC SmartValue Vs SC Super Value Titanium
| Credit Card | Rewards on Daily Spends | Annual Fee & Waiver |
|---|---|---|
| SBI SimplySAVE | 10 RP/₹150 on select categories (Groceries, dining, etc.) | ₹499 (waived on spends of ₹1L/year) |
| HDFC MoneyBack | 4 RP/₹150 on all spends | Around ₹500 (depends on user profile) |
| HSBC SmartValue | 3 RP/₹100 on all spends | No annual fee |
| SC Super Value Titanium | 1 RP/₹150 on all purchases | Approx ₹300 (fee may vary by card variant) |
Conclusion
The SBI SimplySAVE Credit Card scores highly as a practical everyday shopping card for Indian consumers. Its high rewards on routine spends (10x points on groceries, dining, movies and department stores) can generate significant value, especially when combined with the welcome bonus. For instance, spending ₹10,000 per month on eligible categories would earn roughly 800 points (worth ₹200) each month, totaling ₹2,400 in a year – enough to offset the ₹499 fee and more. The card has a modest fee (₹499/year) which is easily offset by its benefits. In fact, that fee is reversed on annual spends of Rs. 1 lakh. Perks like fuel surcharge waivers, worldwide acceptance and flexible payment options add to its appeal. Compared to similar entry-level rewards cards (e.g. HDFC MoneyBack, HSBC SmartValue), SimplySAVE is particularly strong for offline shopping and dining. However, if your primary spending is mostly online, consider SBI’s SimplyCLICK card or similar online-focused cards instead. And if most of your expenses fall outside the bonus categories, a flat-rate cashback card might offer better value. In summary, aligning your spending habits with the SimplySAVE Card’s rewards (in-store shopping and dining) will deliver the best value.
Frequently Asked Questions (FAQs)
