SBI SimplySAVE Credit Card

Key Features & Benefits

All You Need to Know About: SBI SimplySAVE Credit Card

The SBI SimplySAVE Credit Card stands as an excellent entry-level credit card option from State Bank of India, available across three major payment networks – Visa, Mastercard, and RuPay. With its straightforward fee structure of ₹499 joining and annual fees (plus GST), the card focuses on delivering maximum value to everyday spenders through its rewarding points system and practical benefits.

The card’s standout feature lies in its generous reward structure, offering 10 reward points per ₹150 spent on high-frequency categories including dining, movies, departmental stores, and grocery shopping, translating to an impressive 2.5% return rate. For all other purchases except fuel transactions, cardholders earn 1 reward point per ₹150 spent. Each reward point holds a value of ₹0.25, with 4 points equaling ₹1 in redemption value. The welcome offer provides 2,000 bonus points worth ₹500 upon spending ₹2,000 within the first 60 days, effectively offsetting the joining fee cost.

Financial terms include a monthly interest rate of 3.50% (approximately 42% annually) on outstanding balances and a foreign exchange markup of 3.5% plus GST on international transactions. The card offers fuel surcharge waiver of 1% on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle. Credit limits typically range from ₹10,000 to ₹5,00,000 based on applicant eligibility, with annual fee waiver available from the second year on spending ₹1,00,000 or more during the membership year.

The SBI SimplySAVE Credit Card caters to modern payment preferences with UPI compatibility, contactless transaction support, and wide merchant acceptance both domestically and internationally. Additional features include balance transfer and EMI conversion options, add-on card availability, and comprehensive fraud protection. While the card doesn’t offer premium benefits like lounge access or comprehensive travel insurance, it excels in providing consistent value for routine spending patterns, making it an ideal choice for first-time credit card users, students, young professionals, and families focused on maximizing returns from their everyday expenses.

Pros & Cons

How to Apply

Visit the official SBI Cards website or authorized partner platforms to begin your application process. Complete the online application form with your personal and financial details, ensuring all information is accurate. Upload required KYC documents including identity proof, address proof, and income verification as per your employment type. Submit your application and await approval, which typically takes a few days depending on document verification. Once approved, your SBI SimplySAVE Credit Card will be delivered to your registered address.

Detailed Fee Structure

The SBI SimplySAVE Credit Card maintains a transparent and affordable fee structure with a joining fee of ₹499 plus GST (approximately ₹589 total) and an identical annual renewal fee. The annual fee can be easily waived from the second year onwards by spending ₹1,00,000 or more during your card membership year.

Additional charges include a cash advance fee of 2.5% or minimum ₹500, late payment penalties, and overlimit fees. Foreign currency transactions attract a 3.5% markup plus GST, totaling approximately 4.13%. The card also levies standard service charges for various card-related services, but maintains competitive rates compared to similar entry-level credit cards in the market.

Who Should Get This Card?

The SBI SimplySAVE Credit Card is ideal for entry-level credit card users and daily spenders who frequently shop for groceries, dine out, or visit movie theaters. It’s particularly suitable for individuals seeking their first credit card experience without premium fee structures, UPI enthusiasts who prefer digital payments, and budget-conscious consumers who want meaningful rewards on essential spending categories. Students, young professionals, and families focused on everyday expenses rather than luxury travel or premium benefits will find this card most rewarding.

Alternatives & Competitor Comparison

Feature	SBI SimplySAVE Credit Card	SBI SimplyCLICK Credit Card
Card Image
Card Network	Mastercard, RuPay, Visa	Visa
USP	The SBI SimplySAVE Credit Card delivers 2.5% rewards on dining, movies, and grocery shopping with a low ₹499 annual fee and ₹500 welcome bonus, making it perfect for everyday spenders seeking maximum value on essential purchases.	The SBI SimplyCLICK Credit Card delivers exceptional value for online shoppers with up to 10X reward points on popular e-commerce platforms like Swiggy, Myntra, BookMyShow, and Cleartrip, plus attractive milestone benefits and a low annual fee structure ideal for digital-first consumers.
Annual Fee	499 Plus GST	499 Plus GST
Joining Fee	499 Plus GST	499 Plus GST
Welcome Benefits	Spend ₹2,000 within first 60 days and get 2,000 bonus reward points worth ₹500	₹500 Amazon Gift Card voucher on payment of joining fee
Lounge Access	N/A	N/A
Reward Rate	Earn 10 reward points per ₹150 (2.5%) on dining, movies, departmental stores, and grocery spends; 1 reward point per ₹150 (0.17%) on all other categories except fuel	Earn 2.5% on 10X partner brands (Apollo 24|7, BookMyShow, Cleartrip, Dominos, IGP, Myntra, Netmeds, Swiggy, Yatra), 1.25% on other online purchases, and 0.25% on offline purchases. Monthly cap of 10,000 reward points on 10X partners and other online spends.
Interest Rate	3.50% per month (approximately 42% per annum)	3.5% per month (42% per annum)
Best For	Dinning	Online Shopping
Apply Now	Apply Now	Apply Now

Frequently Asked Questions