All cards / South Indian Bank
South Indian Bank
SIB SimplySAVE SBI
Visa
SIB SimplySAVE SBI
A co-branded SIB-SBI entry-level card with category bonuses on dining and online — accessible to new cardholders.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
0.25%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 650+ whose spend is concentrated in online shopping, dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.25% base rate
Benefits by category
- 🍽️ Dining & food delivery
2.5% reward rate
- 🛍️ Shopping
2.5% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 650
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Rewards redemption fee: No fee for redemption as statement credit; catalogue redemptions may carry a nominal handling fee
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at any petrol pump in India
- Cash advance charges: 2.5% of the withdrawn amount or ₹300, whichever is higher
Benefits
- 2,000 points on ₹2,000 spend within 60 days of activation
Pros
- + Low joining fee
- + Easy approval bar
- + Welcome bonus
- + 10X rewards on partner merchants
Cons
- − Annual fee applies from year 2
- − Modest reward caps (10,000 pts/month max)