State Bank of India
SBI SimplySAVE Credit Card
Data last verified: 11 October 2026
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Reward rate0.17% base, up to 1.67% on dining
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Fee waiverOn ₹1 lakh spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
- Fuel waiver cap₹100 a month
SimplySAVE earns 10X reward points on dining, groceries, department stores and movies, worth about 1.67% back. Everything else earns about 0.17%. There is a welcome bonus of 2,000 points, worth Rs 500, if you spend Rs 2,000 within 60 days of activation.
It costs ₹499 a year plus GST and the fee is waived once you spend ₹1 lakh in the year. The welcome bonus alone covers the first fee.
It suits beginners whose spending is mostly groceries and eating out, and who want an SBI card to start a credit history. The honest catch is that the reward rate outside the 10X categories is very low, and the accelerated rate is capped each month.
Best for: First-time card users, Families with regular grocery bills, People who eat out often.
01SBI SimplySAVE Credit Card Rewards and Benefits
02SBI SimplySAVE Credit Card Annual Fee and Charges
- Joining fee
- ₹499 + GST
- Annual fee
- ₹499 + GST
- Spend-based waiver
- Annual fee waived on ₹1 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- Yes, up to ₹100 a month
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on dining and food delivery, earning 1.67%₹84
- ₹15,000 on everything else, earning 0.17%₹26
- Back each month, ₹1,320 a year₹110
- Annual fee with 18% GST (waived at this spend)₹0
- In your pocket each year₹1,320
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Dining: 1.67% back, up to ₹1,250 a month
- Groceries: 1.67% back, up to ₹1,250 a month
- Spending ₹8,333 or more a month: the ₹589 fee is waived
Skip it if…
- you spend less than ₹8,333 a month (₹1,00,000 a year, rent and wallet loads not counted): the ₹589 fee is then charged
- most of your spending is fuel, rent or government payments: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on dining or groceries: the 1.67% rate applies only there, everything else earns 0.17%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
04Product Details
- ₹499 joining and annual fee, waived at ₹1 lakh yearly spend
- 10X points on dining, groceries, department stores and movies
- About 0.17% back on other spends
- 2,000 bonus points worth ₹500 on ₹2,000 spent in 60 days
- Fuel surcharge waiver
- 3.5% forex markup
05Pros and Cons
Pros
- Welcome bonus covers the first fee
- Easy fee waiver at ₹1 lakh
- Rewards on common household spends
Cons
- Very low rate outside 10X categories
- Accelerated points are capped monthly
- No lounge access
06How SBI SimplySAVE Credit Card earns Rewards
0.17% base, up to 1.67% on dining.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 0.17% | No cap | The card's normal rate |
| Dining and food delivery | 1.67% | ₹1,250 | All merchants in the categoryTerms: 10 reward points per ₹150 (~1.7% at ₹0.25/point) on dining and movies. SBI caps the 10X rate at 5,000 points a month CUMULATIVELY across dining, movies, departmental stores and grocery, then pays 1 point per ₹150 |
| Groceries | 1.67% | ₹1,250, shared with other bonus rates | All merchants in the categoryTerms: 10 reward points per ₹150 (~1.7%) on groceries and departmental stores, sharing the 5,000-point monthly cap with dining and movies |
| Travel: flights, hotels, trains | 0.17% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 0.17% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 0.17% | No cap | The card's normal rate |
| School and college fees | 0.17% | No cap | The card's normal rate |
| Wallet top-ups | 0.17% | No cap | The card's normal rate |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 0.17% | No cap | The card's normal rate |
| Everything else | 0.17% | No cap | The card's normal rate |
Terms on the base rate. 1 reward point per ₹150 (~0.17%) on other spends
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
07SBI SimplySAVE Credit Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: 0.17% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver.
- Fuel surcharge waiver: 1% fuel surcharge waiver (up to ₹100 a month)
08SBI SimplySAVE Credit Card Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
09Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 1 Apr 2026 | Reduced: Statement-credit redemption capped and forced into 4,000-point blocksSource: State Bank of India | Any point balance, no monthly ceiling | Max 60,000 points a month, only in multiples of 4,000 (₹1,000) |
| 1 Dec 2024 | Reduced: Digital gaming spends stop earningSource: State Bank of India | Reward Points earned | No Reward Points on MCC 5816, 7993, 7994 |
| 1 Jun 2024 | Reduced: Reward points withdrawn on government transactionsSource: State Bank of India | Base reward points earned | No reward points |
| 2018 | Changed: SimplySAVE SBI Card launched | - | - |
See this card's change history → · All card changes in April 2026 →
10Cards Similar to SBI SimplySAVE Credit Card
SBI SimplySAVE Credit Card is a dining card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | SBI SimplySAVE Credit Card |  HSBC Live Plus Credit Card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | ₹499 + GST | ₹999 + GST | ₹499 + GST |
| Annual fee | ₹499 + GST | ₹999 + GST | ₹499 + GST |
| Rewards | 0.17% base, up to 1.67% on dining | 1.5% base, up to 10% on dining | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | Not included | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Dining | Dining | Fuel |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Already Have a Credit Card?
Track your card spending with SkyloFin - Expense Tracker. Statements, due dates and every spend, read from your bank SMS on your own phone.
Common Questions
Is the ₹499 fee waived?
Yes, once you spend ₹1 lakh in a year. Below that the fee plus GST is charged.
What is the welcome bonus?
2,000 reward points, worth ₹500, when you spend ₹2,000 within 60 days of activation.
Where do I earn 10X?
On dining, groceries, department stores and movies.
Who can apply?
Applicants aged 18 to 60 can apply, subject to SBI Card's checks.
What is the joining fee for the SBI SimplySAVE Credit Card?
The joining fee is ₹499 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the SBI SimplySAVE Credit Card?
The annual fee is ₹499 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
Other options worth a look
See all credit cards
Guides in Plain Words
Short reads that explain how it works before you decide.
- GuidesBest Credit Cards Under ₹500 a Year in India (2026)Credit cards with an annual fee of ₹500 or less (before GST) in 2026, ranked by the reward rate each bank states, with fee waivers.Read the guide →
GuidesNo-Cost EMI: What It Really Costs You, With a Worked ExampleNo-cost EMI is not a trick, but it is rarely free. Here is where the money goes: the discount you give up, the processing fee, and GST on the interest, worked out on a Rs 30,000 phone.Read the guide →- GuidesBest Online Shopping Credit Cards in India (2026)The credit cards that pay the most back on online shopping in 2026, which sites count, the monthly cap and the annual fee.Read the guide →
