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SBI SimplySAVE

Annual Fee

₹499

Rewards/₹100

₹0.25 - ₹1.25

Normalized to balance base rate with bonus categories

Interest Rate

40.80%

Credit Score

700+

At a Glance

Key Benefits

Reward points

Lounge Access

No lounge access

Eligibility

Any income level, CIBIL: 700+

Quick Details

Annual Fee
₹499 #75
Joining Fee
₹499 #78
Interest Rate
40.80% p.a. #68
Forex Markup
3.50% #75
Rewards/₹100
₹0.25 - ₹1.25 #175
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+ #54
Min Monthly Income ₹NaN
Network VISA
Late Payment Fee 15.00% (min ₹100)
Over Limit Fee ₹600
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹1,00,000/yr

Reward Structure

Base

All Spends

₹0.25 /₹100
Base

Dining

₹1.25 /₹100

Reward Calculator

Allocate by Category100%
Other Spends
5.0 pts
100%₹50,000
Your Rewards
Points Earned2,500
Cash Value₹625
Breakdown
Other Spends2,500
Total Value₹625
Quick amounts:

Milestone Benefits

Renewal Benefit

Annual fee waiver on Rs. 100000 annual spend

Spend ₹1,00,000 within 365 days

₹499

value

Insurance Coverage

Lost Card

₹0

Zero liability for lost card transactions.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Quick Analysis

A budget-friendly card for everyday category spending with bonus rewards.

Pros

  • Low fee, bonus points on grocery/dining/entertainment, easy approval

Cons

  • Low base reward rate, no premium benefits

Best For

Grocery, dining, entertainment savings

Not Ideal For

Limited lounge access, basic benefits

Frequently Asked Questions

What is the annual fee for SBI SimplySAVE?
The annual fee is Rs. 499. The fee can be waived on spending Rs. 100000 annually.
What are the eligibility requirements for SBI SimplySAVE?
A good credit score of 700+ is recommended. Income requirements vary based on your relationship with the bank.
Does SBI SimplySAVE offer lounge access?
This card does not include complimentary lounge access as a primary benefit.
What rewards does SBI SimplySAVE offer?
The card offers reward value ranging from 0.50% to 2.00% depending on spend categories.
What is the forex markup on international transactions?
The forex markup is 3.50% on international transactions.
Which payment network does SBI SimplySAVE use?
The card is issued on the Visa network.

User Reviews

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