A great entry-level credit card, the SBI SimplySAVE charges an annual fee of Rs. 499 and offers a welcome benefit of 2000 bonus reward points. You earn accelerated reward points on grocery, movies, and departmental store purchases with the card, making it perfect for individuals who are new to the credit scene and are seeking to save money on essential everyday expenses. This card can also be linked to your UPI applications.
In addition to rewards, you receive an annual fee waiver on spending Rs. 1 lakh or more with the card. This can be easily achieved, hence making this card free from any annual charges. There are limited travel, dining, or entertainment privileges associated with the card, as it is primarily designed for beginners seeking an entry-level credit card.
Shopping
Reward Points
0.60
Rs 0.25
Rs 499
Rs 499
Receive 2,000 Reward Points on the expenditure of the same amount within the first 60 days of card issuance.
On spending Rs. 2,000 within the 60 days of card activation get 2,000 bonus RPs that are worth Rs. 500.
1 Reward Point for every spend of Rs. 150.
10X Reward Points (10 Points per Rs. 150) on spends on movies, dining, grocery categories, and departmental stores.
Annual renewal fee reversed on expenditure of minimum Rs. 1 lakh in the preceding year.
1% fuel surcharge wavier.
Movie & Dining
10X Reward Points on movie and dining spends
Rewards Rate
1 Reward Point for Rs. 150 spent (reward rate = 0.25%), 10X RPs for spends made in movies, grocery, dining, & departmental stores (reward rate = 2.5%)
Reward Redemption
Redeem points earned for gift vouchers on sbicard.com or SBI mobile app. Also, for paying the card’s outstanding balance. (1 Reward Point = Rs. 0.25)
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
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