State Bank of India
SimplySAVE SBI Card
₹499/yr annual fee
By FinWiz24 Research Desk · Reviewed by FinWiz24 Research Desk · How we review
Annual fee
₹499/yr
Reward rate
Not published
Min. income
₹2,00,000
Forex markup
3.5%
Lounge access
None
Eligibility
₹2 lakh/yr · CIBIL 700+
Reward cap
No published cap
Welcome benefit
2,000 Bonus Reward Points (worth ₹500) on spends of ₹2,000 or more within first 60 days (Extravaganza Offer) — 2,000 RPs
Who is this for
- Rewards optimiser
What we like
- Category bonus
- Welcome benefit on fee payment
Watch out for
- 3.5% foreign-transaction markup
- ₹750 late-payment fee
- 2.5% cash-advance fee
Issuer
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹499 | Not waivable |
| Annual fee | ₹499 | Waived on annual spends ≥ ₹1,00,000 in preceding year |
| Forex markup | 3.5% | Not waivable |
| Late payment | ₹750 | Not waivable |
| Cash advance | 2.5% of amount | Not waivable |
| Fuel surcharge | 1% | 1% surcharge waived on fuel between ₹500 and ₹3,000 (max ₹100/cycle) |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| DINING | 10 Reward Points per ₹150 on dining, movies, departmental stores and grocery; 1 RP per ₹150 on all other spends | — | 4 Reward Points = ₹1 (statement credit) |
Benefits
-
Category bonus Highlight
10 Reward Points per ₹150 on dining, movies, departmental stores and grocery; 1 RP per ₹150 on all other spends — 10x on 4 categories
-
Fuel surcharge waiver
1% surcharge waived on fuel between ₹500 and ₹3,000; maximum waiver of ₹100 per statement cycle — 1% waiver
-
Welcome benefit Highlight
2,000 Bonus Reward Points (worth ₹500) on spends of ₹2,000 or more within first 60 days (Extravaganza Offer) — 2,000 RPs
Eligibility
- Age
- 21–70 years
- Min. income
- ₹2,00,000
- Min. credit score
- 700+
- Score note
- Estimated; SBI Card does not publish minimum on marketing page
- Employment
- Salaried, self-employed
- Documents
- PAN, Aadhaar, latest salary slips / ITR, bank statements, photo, address proof
SimplySAVE SBI Card is a VISA credit card from SBI Card.
Fees and rewards
- Annual fee: ₹499
- Joining fee: ₹499
- Rewards: 10 Reward Points per ₹150 on dining, movies, departmental stores and grocery; 1 Reward Point per ₹150 on all other spends; 4 Reward Points = Re. 1
Eligibility
PAN, Aadhaar, latest salary slips / ITR, bank statements, photo, address proof
Card data is compiled from the issuer’s published fee schedules and is reviewed weekly. High-confidence record. Status: active.
Last reviewed · How we review
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