The SBI SimplySAVE Credit Card: A Budget-Friendly Option for New Credit Card Users
The SBI SimplySAVE credit card presents a compelling entry-level option for individuals new to credit card usage. With an annual fee of ₹499, offset by a ₹100,000 annual spending waiver, the card effectively operates at no cost for responsible spenders. A welcome benefit of 2,000 bonus reward points further enhances its value proposition.
This card prioritizes everyday spending, offering accelerated reward points on grocery, movie, and departmental store purchases. This feature allows users to maximize rewards on essential expenses. While travel, dining, and entertainment benefits are limited, aligning with its focus on entry-level users, the card’s simplicity and reward structure make it an attractive choice for building credit responsibly. Furthermore, the card’s compatibility with UPI applications enhances its convenience.
For a detailed understanding of fees, charges, benefits, and features, please refer to the complete card information.
Welcome Benefits
2,000 Bonus RPs that are worth Rs. 500 on the expenditure of Rs. 2,000 in the first 60 days of card activation.
SBI SimplySAVE Credit Card Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 499 |
| Annual Fee | Rs. 499 |
| Finance Charges | 3.50% p.m. | 42% p.a. |
| Late Payment Charges | For Statement Balance:Less than Rs. 500NilRs. 500 to Rs. 1,000Rs. 400Rs. 1,000 to Rs. 10,000Rs. 750Rs. 10,000 to Rs. 25,000Rs. 950Rs. 25,000 to Rs. 50,000Rs. 1,100Above Rs. 50,000Rs. 1,300 |
UPI Enabled
The Simply SAVE Credit Card is available on the RuPay network, meaning you can link this card to popular UPI applications like Google Pay, PhonePe, Paytm, etc.
SimplySAVE Credit Card also offers other benefits, such as bonus reward points, fuel surcharge waiver and annual fee waiver. Here are all the details regarding the same:
- Welcome Benefit: 2,000 reward points on spending Rs. 2,000 within 60 days of credit card issuance.
- Annual Fee Reversal: Annual membership fee reversal from the second year on spending Rs. 1 lakh in the previous year.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on your transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India. You can avail a maximum waiver of Rs. 100 per statement cycle.
Add-On Cards
You can avail of add-on SimplySave Credit Cards at no additional cost for your family. Your parents, siblings, and spouse can avail of these add-on credit cards and make their spends. Many times, SBI Card comes up with exciting offers for add-on Simply Save RuPay Credit Cards
SimplySAVE Credit Card Eligibility Criteria
To be eligible for the Simply SAVE SBI Card, applicants must meet specific criteria established by the issuing bank, State Bank of India (SBI). These criteria typically include, but are not limited to, minimum age requirements, a demonstrable income level, and a satisfactory credit history. Prospective cardholders should carefully review the complete eligibility requirements directly with SBI or on their official website prior to submitting an application. Failure to meet these criteria may result in application rejection.
SimplySAVE Credit Card Rewards Program
With SimplySAVE, you can earn up to 10X reward points on your purchases at selected categories. Below mentioned are the details of its rewards program:
- 10 reward points on every Rs. 150 spent on dining, movies, grocery and departmental store purchases
- 1 reward point per Rs. 150 spent on other categories1
- 4 reward points = Rs. 1
So, if you spend Rs. 3,000 on grocery purchase, you will earn 200 reward points, which will be equal to Rs. 50. However, if you spend the same amount on travel, base rate will be applicable. This means on Rs. 3,000, you will earn 20 reward points, which will only amount to Rs. 5.
Hence, cardholders who primarily use SimplySAVE for groceries, dining and movie spends will be able to maximize the benefits.
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Documents Required: PAN, Aadhaar or any other government approved photo ID and address proof, along with last 3-month’s salary slip or bank statement as proof of income
| Criteria | Age | Income |
| Salaried | 18 years – 65 years | Rs. 20,000 per month |
| Self-employed | 21 years – 65 years | Rs. 20,000 per month (as per ITR) |