SBI SimplySAVE Credit Card – Benefits and Features

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

4 Dec 25
4 mins

Shreyansh Singh

08 Mins
04-12-25

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Table of Contents

SBI SimplySAVE Credit Card Benefits
SBI SimplySAVE Credit Card Charges

Key Takeaway

Earn up to 10 reward points with the SBI SimplySAVE Credit Card.
Meet the annual spend criteria to waive the annual fee of ₹499.
Earn reward points on every ₹150 spent using the card.
Meet the spend criteria within the first 60 days of card issuance to get rewards equivalent to the joining fee.

The SBI SimplySAVE Credit Card helps you save 10 times more on every ₹150 spent on everyday categories like groceries, making it perfect for daily spending. With redeemable reward points and exclusive benefits, this card helps you maximise your savings without effort.

If you are looking for a card that offers smart rewards on routine expenses, the SBI SimplySAVE Credit Card is worth exploring.

SBI SimplySAVE Credit Card Benefits

You can earn 2,000 reward points as a bonus if you spend ₹2,000 or more within the first 60 days of card activation.

In addition, you can enjoy the following benefits with this card:

On every ₹150 spent on movies, dining, grocery and departmental stores, you can earn 10 reward points.
If you spend ₹150 on other categories, you can earn 1 reward point.
Each reward point is equivalent to ₹0.25.
If you transact between ₹500 and ₹3,000 at petrol stations in India, you can get up to 1% fuel surcharge waiver.

Suggested to read: Lifetime free fuel credit card

SBI SimplySAVE Credit Card Charges

The joining fee for the SBI SimplySAVE Credit Card is ₹499. However, if you meet the spending criteria within the first 60 days, you can get reward points worth ₹500.

In addition, the annual renewal fee for this credit card is the same as the joining fee. However, you can waive it off if you spend ₹1 lakh in the previous year. Notably, there is no fee for add-on cards when it comes to the SimplySAVE Credit Card.

Here are the other fees applicable to the SBI SimplySAVE Credit Card:

Parameters	Charges
Cash Advance Fee	2.5% or ₹500, whichever is higher
Cash Payment Fee	₹250 + applicable taxes
Finance Charges	3.75% per month or 45% per year

The late payment fee varies based on the outstanding amount as follows:

Outstanding Amount	Late Payment Fee
0 to ₹500	Nil
₹501 to ₹1,000	₹400
₹1,001 to ₹10,000	₹750
₹10,001 to ₹25,000	₹950
₹25,001 to ₹50,000	₹1,100
Above ₹50,000	₹1,300

Explore Other SBI Banks’ Credit Card Offers

Reliance SBI Card PRIME

SBI Bank Credit Card

SBI Cashback Credit Card

Things to Know About SimplySAVE SBI Card

You can redeem your earned rewards across categories like books and periodicals, accessories, apparel and superstore, travel and holidays, memberships, kids zone, lifestyle, luxury, homeware, health and fitness, entertainment and dining and others.

In addition, you can redeem your reward points against e-vouchers from Shoppers Stop, Westside, Yatra, Amazon Prime and others. Based on the accumulated reward points, you can choose the redemption option.

However, note that this card does not offer any lounge access. So if required, you need to use alternative methods to avail such perks. Lastly, don’t forget to activate and link your card to the PICE app for timely bill reminders and easy tracking. Download the app now and avoid unwanted interest charges!

FAQs

Can I get a fuel surcharge waiver on every transaction with the SBI SimplySAVE Credit Card?

You can get a fuel surcharge waiver of 1% on fuel transactions solely. The transaction amount should be between ₹500 and ₹3,000.

Can my family members use a SimplySAVE Credit Card simultaneously?

You can take an add-on card for your family members who are above 18 years old. Add-on cards do not require an additional joining fee or annual fee.

What is the value of reward points associated with the SBI SimplySAVE Credit Card?

Each reward point on the SBI SimplySAVE Credit Card is equivalent to ₹0.25. In other words, 4 reward points are equal to ₹1.

How can I avoid paying the annual fee on a SimplySAVE Credit Card?

The annual fee for the SBI SimplySAVE Credit Card is ₹499. However, you can get it waived off by spending ₹1 lakh in the preceding financial year using the card.

Does the SBI SimplySAVE Credit Card offer lounge access?

SBI Simply Save Credit Card does not offer any airport lounge access, irrespective of domestic or international lounges. However, you can redeem the reward points in the travel and holidays category to enjoy other travel-related benefits.

How can I redeem the reward points on a SimplySAVE Credit Card?

You can redeem reward points on the SimplySAVE Credit Card across different categories. Further, you can redeem it against e-vouchers from partner brands.