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
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
Is the SimplySAVE SBI Card worth it?
What is the annual fee for the SimplySAVE SBI Card?
How does the SimplySAVE SBI Card reward rate work?
Show 3 more questions
What are the eligibility requirements for the SimplySAVE SBI Card?
Does the SimplySAVE SBI Card offer airport lounge access?
What is the forex markup on the SimplySAVE SBI Card?
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