SBI SimplySAVE Credit Card review
Everyday spenders who want accelerated rewards on dining, movies, groceries and department-store purchases on a low-fee card. Verified as of June 2026.
By NexMaxo Editorial Team · Terms verified June 2026 · confirm before applying
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At a glance
SBI Card · Visa / Mastercard / RuPay
10X Reward Points (10 RP per ₹150) on dining, movies, groceries and departmental store spends — effective ~1.7% reward value
- Annual fee
- ₹499 + GST joining and ₹499 + GST annual renewal (renewal waived on ₹1 lakh annual spend)
- Reward rate
- 10 RP per ₹150 on dining/movies/groceries/departmental stores (~1.7%); 1 RP per ₹150 on other spends (~0.17%); 1 RP = ₹0.25
- Lifetime-free
- No
- Network
- Visa / Mastercard / RuPay
- Eligibility
- Age approx 21-70 years (salaried and self-employed); minimum income approx ₹20,000/month (aggregator-sourced)
Why it stands out
- 10 RP per ₹150 on dining, movies, groceries and departmental stores (1 RP = ₹0.25, i.e. ~1.7%); 1 RP per ₹150 elsewhere
- Welcome bonus of 2,000 Reward Points on spending ₹2,000 within 60 days of issuance
- 1% fuel surcharge waiver on transactions of ₹500-3,000 (capped at ₹100 per statement cycle)
Good to know
- It isn't lifetime-free — the annual fee (₹499 + GST joining and ₹499 + GST annual renewal (renewal waived on ₹1 lakh annual spend)) applies unless you meet the spend-based waiver.
- Accelerated rewards are usually capped — check the monthly/quarterly caps in the reward rate above before counting on them.
- Issuers revise card terms often, so confirm the current fees, rewards and eligibility on SBI Card's official page before applying.
How it compares
See it ranked against similar cards in our best cashback credit cards roundup.
SBI SimplySAVE Credit Card — FAQs
No. The SBI SimplySAVE Credit Card carries a fee — ₹499 + GST joining and ₹499 + GST annual renewal (renewal waived on ₹1 lakh annual spend). That fee is typically refunded only if you meet a spend threshold, so it's a spend-based waiver rather than a genuine lifetime-free card.
₹499 + GST joining and ₹499 + GST annual renewal (renewal waived on ₹1 lakh annual spend). Fees are dated as of June 2026 and can change — check the current schedule of charges on SBI Card's official page before applying.
10X Reward Points (10 RP per ₹150) on dining, movies, groceries and departmental store spends — effective ~1.7% reward value In detail: 10 RP per ₹150 on dining/movies/groceries/departmental stores (~1.7%); 1 RP per ₹150 on other spends (~0.17%); 1 RP = ₹0.25. Reward values and caps are indicative and set by the issuer.
Everyday spenders who want accelerated rewards on dining, movies, groceries and department-store purchases on a low-fee card. Eligibility is broadly Age approx 21-70 years (salaried and self-employed); minimum income approx ₹20,000/month (aggregator-sourced). It's not advice — pick a card that fits your own spending and confirm you qualify on the issuer's page.
This is an informational review, not financial advice or a recommendation to apply. Card terms change often — confirm current fees, reward rates and eligibility on SBI Card's official page before applying. Using credit responsibly and paying your bill in full avoids interest.