All cards / SBI Card
SBI SimplySAVE Credit Card
SBI SimplySAVE is an accessible entry-level rewards card positioned as the modern replacement for older co-brand entry cards, earning roughly 6.7% back in points on dining, movies, department stores, and groceries. Its low fee, easily waived on Rs 1 lakh annual spend, and straightforward eligibility make it a sensible first rewards card for someone who spends regularly in those everyday categories but doesn't need lounge access or travel perks.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
1%
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 dining, groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🍽️ Dining & food delivery
6.7% reward rate
- 🛒 Groceries
6.7% reward rate
- ⛽ Fuel
1% fuel surcharge waived on transactions between Rs 500-3,000, capped at Rs 100 per statement cycle
- 🌍 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: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between Rs 500-3,000, capped at Rs 100 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- 2,000 bonus Reward Points on spends of Rs 2,000 or more within 60 days of card issuance, giving new cardholders an easy early boost
- 1% fuel surcharge waived on transactions between Rs 500-3,000, capped at Rs 100 per statement cycle
Pros
- + Low joining and annual fee, easily waived on Rs 1 lakh annual spend
- + Accelerated ~6.7% points on dining, movies, department stores, and groceries
- + Welcome bonus points on early spend within 60 days
- + 1% fuel surcharge waiver on everyday fuel purchases
- + Accessible eligibility bar for first-time premium rewards card users
Cons
- − No lounge access or travel-related benefits
- − Low reward value on general spend outside the bonus categories
- − Standard 3.5% forex markup makes it weak for international spends