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SBI·SBI SimplySAVE Credit Card
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SBI SimplySAVE Credit Card

SBI · VISA3.8/ 5

✓ Details last verified 1 Jan 2025

SSBI
ENTRY
4••• •••• •••• 0721
Card
SBI SimplySAVE Credit Card
Valid thru
08/29
VISA
•••

This card is the property of SBI. If found, please return to the nearest SBI branch. Use subject to the issuer's terms.

SBIVISA

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Key features

What this card is built to do — the highlights that actually matter.

2.50% on Dining

10X reward points on dining

2.50% on Groceries

10X points on grocery

💳

Annual Fee Waiver

Fee of ₹499/yr fully waived when you spend ₹1,00,000/year

🎯

Milestone Bonus

~₹500 in bonus rewards on hitting annual spend milestones

Geeta shops at Big Bazaar twice a week and eats out at restaurants every weekend. SBI SimplySAVE gives 10X points on grocery, dining, movies, and departmental stores in the first 60 days — forming a strong habit before dropping to 2X base. Her ₹8,000/month offline spend earns ₹2,400/year. The ₹499 annual fee is waived at ₹1L spend, which she crosses by June.

Who is this for?

For offline-first spenders who shop at supermarkets, eat at restaurants, and visit malls. If you prefer physical stores over e-commerce and spend ₹4,000+ per month on grocery and dining, SimplySAVE beats most online-focused cards for your lifestyle.

At a glance

₹499
Joining fee
₹499
Annual fee
₹1,00,000/yr spend
Fee waiver
2.50%
Best reward rate
₹15,000/mo
Min income

Full reward structure

What you earn on every rupee, per spend category. Rates assume 1 pt = ₹0.25. How we value points →

CategoryTypeRateMonthly cap
Diningreward points2.50%
Groceriesreward points2.50%
Otherreward points0.25%

Dining: 10X reward points on dining

Groceries: 10X points on grocery

Other: 1X base reward points

Fees & charges

The numbers that matter beyond rewards — verify on the issuer site before applying.

3.75% p.m. · 45.0% p.a.
Finance charge (APR)
3.5%
Forex markup

Perks & benefits

Estimated annual value beyond rewards.

~₹1,100
total perk value/yr
fuel waiver~₹600/yr

1% fuel surcharge waiver (up to ₹50/month)

Domestic
🎯
milestone bonus~₹500/yr

₹500 Amazon voucher on ₹1L annual spend

Should you get it?

  • Best for: First-time card users, Low to moderate spenders
  • Entry tier great for first-time and lower-spend users.
  • Strongest value if you spend heavily on Dining (2.50% back).

Pros

  • Strong rewards that can offset the annual fee for the right spender
  • Simple, accessible entry/mid-tier card

Cons

  • Annual fee applies unless the spend-based waiver is met
  • Fewer premium travel and lifestyle perks

Eligibility & documents

Age18–60 years
Min. income₹15,000/mo
EmploymentSalaried · Self-employed · Student

DOCUMENTS REQUIRED

  • 📄PAN card
  • 📄Aadhaar / valid address proof
  • 📄Latest 3 months bank statement
  • 📄Income proof — salary slips (salaried) or ITR (self-employed)
  • 📄Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

  • 🎁Statement credit / cashback adjustment
  • 🎁Online rewards catalogue (vouchers, merchandise)
  • 🎁Flight & hotel bookings via the issuer rewards portal
  • 🎁Airline / hotel partner point transfers (on eligible cards)

What your sbi reward points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

Statement creditBEST

Capped at 60,000 pts/month from Apr 2026

0.25/pt
Rewards catalogueBEST

Vouchers & merchandise

0.25/pt
Compare what every reward currency is worth →

The concern

Reward points need portal redemption at modest value — the effective rate is lower than the 10X branding implies.

Bottomline

CardAdvisor Rating: 3.8 / 5

SimplySAVE is the offline mirror of SimplyCLICK and the right pick for households that still shop at physical stores. The fee waives at just ₹1L. It does what entry cards should: pay you for spending you were doing anyway.

SOURCES & VERIFICATION

Fees, reward rates, and benefits for the SBI SimplySAVE Credit Card are taken from SBI's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →

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