All cards / Karnataka Bank
Karnataka Bank SimplySave SBI Card
A no-frills entry-level rewards card, cheap to hold and easy to get the annual fee waived, but reward earn rate is unremarkable and category acceleration isn't disclosed on Karnataka Bank's own page.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
0.67%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.67% base rate
- Insurance benefits: Card Protection Plan covering fraudulent charges on the card
Benefits by category
- 🛡️ Insurance
Card Protection Plan offering coverage against fraudulent charges
- ⛽ Fuel
1% fuel surcharge waiver at all fuel stations
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 18–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% waiver at all fuel stations (cap not disclosed by issuer)
Benefits
- 2,000 bonus reward points on initial spends after card issuance
- Earn 1 reward point for every ₹150 spent; fuel, insurance, utility and cash transactions do not earn points
- 1% fuel surcharge waiver at all fuel stations
- 2 free add-on cards for family members
- Card Protection Plan offering coverage against fraudulent charges
Pros
- + Low joining/annual fee, easily waived at ₹1L annual spend
- + 2 free add-on cards
- + Fuel surcharge waiver
Cons
- − Base reward rate is low (1 pt/₹150)
- − No lounge access or premium travel perks