SBI SimplySAVE Credit Card: A Smart Choice for an Easier Life

Enjoy Generous Rewards and Hassle-Free Convenience with SBI SimplySAVE

SBI SimplySAVE Credit Card: A Smart Choice for an Easier Life

As one of India’s largest and most trusted banking institutions, State Bank of India (SBI) brings decades of experience and reliability to the financial sector.

What you need to know about this credit card:

  • Membership Fee: Rs. 499
  • Annual/Renewal Fee: Rs. 499 (Reversed on spending Rs. 1 lakh in a year)
  • Financial Charges: 3.50% per month (42% per year)
  • Late Payment Fee: For Statement Balance: Up to Rs. 500: None / Between Rs. 500 and Rs. 1,000: Rs. 400 / Between Rs. 1,000 and Rs. 10,000: Rs. 750 / Between Rs. 10,000 and Rs. 25,000: Rs. 950 / Between Rs. 25,000 and Rs. 50,000: Rs. 1,100 / Above Rs. 50,000: Rs. 1,300


  • Up to 10X Reward Points: Enjoy the benefit of accumulating up to 10X reward points on specific categories such as dining, cinema, grocery and department store purchases.
  • Welcome Benefit and Annual Fee Waiver: When you spend Rs. 2,000 within 60 days of card issuance, you will receive a welcome bonus of 2,000 reward points.
  • Fuel Fee Exemption: Say goodbye to extra fees at the gas station. Enjoy 1% fuel tax exemption on transactions of Rs. 500 to Rs. 3,000 at any petrol station in India with a maximum exemption of Rs. 100 per billing cycle.


  • Limited Redemption Options: While rewards points offer flexibility, some users have reported limited redemption options.
  • Spending Milestone for Rate Reversal: Reach spending limit of Rs. 1 lakh for annual fee reversal can be a challenge for some cardholders.

Why Choose SBI for Your Credit Card?

HDFC MoneyBack offers 2X reward points on online purchases. However, the annual fee is ₹500. SBI SimplySAVE has a fee of ₹499 which can be rolled back upon reaching annual spending of ₹90,000.

The ICICI Bank Coral Credit Card offers reward points across multiple categories but with an annual fee of ₹500.

In comparison, the SBI SimplySAVE Credit Card offers faster reward points with 10X points on popular consumer categories.

The Axis Bank Neo Credit Card offers rewards like online shopping discounts, movie ticket benefits and eating out rewards, with an annual fee of ₹250.

While attractive, the SBI SimplySAVE Credit Card not only offers 10X reward points on essential purchases like grocery and movies.

SBI SimplySAVE: let’s get to know it a little better

How to Apply for Your SBI SimplySAVE

Ready to experience the benefits of the SBI SimplySAVE Credit Card? The request is simple. Visit the SBI Card website or your nearest branch to start the application process.

The SBI SimplySAVE Credit Card is a compelling choice for individuals looking for a limit credit card, a cost-effective credit card without compromising on rewards.