SBI SimplySAVE Credit Card

The SBI SimplySAVE is an excellent credit card for those who are just starting out. It costs Rs. 499 a year and comes with a welcome bonus of 2000 bonus reward points. This card is ideal for people who are new to credit and want to save money on essentials. You can receive accelerated reward points on purchases made at department stores, grocery stores, and movie theaters. Your UPI applications can also be connected to this card.

You get an annual fee waiver on purchases of Rs. 1 lakh or more made using the card, in addition to rewards. Since this is easily carried out, there are no yearly fees associated with this card. Reward points can be accumulated and exchanged on the SBI Card online for items or vouchers. Find out more about the SBI SimplySAVE Credit Card by reading on.

Key Highlights of SBI SimplySAVE Credit Card

SBI SimplySAVE Credit Card
Best Suited For Beginners | Rewards on Everyday Expenses
Joining Fee Rs. 499
Annual Fee Rs. 499 (Reversed on spending Rs. 1 lakh in a year)
Welcome Benefit Spend Rs. 2,000 or more in first 60 days and get 2,000 bonus Reward Points
Reward Benefit Enjoy 10 Reward Points per Rs 150 spent on Dining, Movies, Departmental Stores and Grocery Spends.
Fuel Benefit Enjoy 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India
Best Feature 10X reward points on Dining, Movies, Grocery and departmental store spends

*Terms and conditions apply.

The SBI SimplySAVE credit card offers benefits across various categories like dining, movies, grocery, fuel, and more. With this SBI Credit Card, you earn reward points on every purchase, and these points can be redeemed at a value of 4 reward points = Re. 1. Here's a breakdown of all the benefits that come with the SBI SimplySAVE Credit Card:

Rewards Benefits

With the SBI SimplySAVE Credit Card, you have the opportunity to earn up to 10X reward points on your purchases in selected categories. Here are the details:

  • Earn 10 reward points for every Rs. 150 spent on dining, movies, grocery, and departmental store purchases.
  • Earn 1 reward point for every Rs. 150 spent on other categories.
How to Redeem SBI Reward Points?

If you visit the official SBI Card website, you can use the reward points you've earned on your credit cards online. Visiting the partner merchant store is another way to redeem them. For an alternative method of redeeming your reward points, you can also call the SBI Card helpdesk 39020202 (prefix local STD code). Up until a specified limit, points can be redeemed in multiples of 2000.

Must read: Best Rewards Credit Cards in India

Welcome Benefit

  • You can earn 2,000 reward points by spending Rs. 2,000 within the first 60 days of card issuance.

Fuel Surcharge Waiver

  • You'll enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 to Rs. 3,000 at any petrol pump in India with the SBI SimplySAVE Credit Card. You can avail a maximum waiver of Rs. 100 per statement cycle.

Must read: Best Fuel Credit Cards in India

Annual Fee Reversal

  • Annual membership fee reversal from the second year on spending Rs. 1 lakh in the previous year.

Global Acceptance

  • Over 24 million locations globally, including 3.25 lakh locations in India, accept the SimplySAVE SBI Card.


  • When you make purchases with Flexipay for Rs. 2,500 or more, you can convert them into EMIs.

Add-on Cards

  • Get add-on cards for any family members who are older than eighteen.

Balance Transfer

  • The SimplySAVE SBI Card offers a balance transfer option that allows credit card debt from several banks to be moved to the card at a discounted rate and paid back over time in installments.

Easy Money Facility

  • With the Easy Money Facility, you can order drafts or cheques against your cash limit.

Zero Liability Protection

  • The card holder will not be responsible for any purchases made using the card after notifying the bank of its loss within the allotted time.

Here are the applicable fees and charges for The SBI SimplySAVE Credit Card:

Type of Fee/ Charge Amount
Joining Fee Rs. 499
Annual/ Renewal Fee Rs. 499 (Reversed on spending Rs. 1 lakh in a year)
Finance Charges 3.50% p.m. (42% p.a.)
Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs 2.5% of the transaction amount or Rs. 500 (whichever is higher)
Late Payment Charges** For Statement Balance
  • Up to Rs. 500: Nil
  • 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
Overlimit 2.5% of overlimit amount or Rs.600 (whichever is higher)
Payment dishonor fee 2% of the amount (minimum of Rs.500)
Cheque payment fee Rs.100
Statement retrieval Rs.100 per statement which is over 2 months old
Card replacement Rs.100 to Rs.250
Rewards redemption fee Rs.99 (only on cash redemption, gifts, and specific vouchers)
Overdue finance charge 3.65% per month (43.8% per annum)
Fee for increasing credit limit Rs.200 per request for increase
Network change fee Rs.200 per request for network upgrade or network downgrade

If the Minimum Amount Due (MAD) is not paid by the due date for two consecutive billing cycles, an additional late payment charge of Rs. 100 will be applied. This charge will persist and be imposed for each subsequent payment cycle until the outstanding MAD is settled.

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Eligibility Criteria of SBI Credit Card SimplySave

To be eligible for the SBI PRIME credit card, you need to fulfill the following essentials:

  • A minimum credit score of 750 is necessary for the application.
  • The candidate should be self-employed or employed on a salary.
  • The age range of the principal applicant must fall between 18 and 70 years old.
  • An candidate must have a steady source of income.
  • A clean credit history is a must for the position.

Documents Required to Apply for the SimplySave SBI Card

The paperwork listed below is required in order to apply for the SimplySave Card:

  • A driver's license, voter ID, PAN card, Aadhar card, and passport are all recognized forms of identity.
  • Acceptable documents for proving residency include passports, driver's licenses, utility bills, Aadhar cards, and ration cards.
  • The most current bank statement, pay slips, or audited financial reports are examples of income documentation.

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The SBI Simply SAVE Credit Card is a great choice for those who are looking for an affordable card. With just a Rs. 499 annual fee, which can be waived if you spend Rs. 1 lakh in a year, it's budget-friendly. Plus, you earn rewards on every purchase. You can apply for this credit card if:

  • You often shop for groceries and at departmental stores.
  • You want to earn rewards on your spending.
  • You can manage to spend Rs. 1 lakh in a year.
  • You prefer a credit card with a low annual fee.

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Here are some credit cards that provide similar benefits to the SBI SimplySAVE Credit Card:

Credit Card Annual Fee Comparative Feature
SBI SimplyCLICK Credit Card Rs. 499 10 reward points per Rs. 100 spent on online transactions at select partners
HDFC Moneyback+ Credit Card Rs. 500 10X Cash Points on popular brands, like Amazon, Flipkart & Swiggy
American Express SmartEarn™ Credit Card Rs. 495 Up to 10X Membership Rewards® Points on online spends
RBL Shoprite Credit Card Rs. 500 5% value back on groceries via reward points
IDFC FIRST Power+ Credit Card Rs. 499 24 rewards per Rs. 150 spent on HPCL fuel & LPG

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You have the option to compare and apply for SBI SimplySAVE Credit Card conveniently online through MybankingTips. Here are the steps to do so:

  • Step 1: Visit MybankingTips SBI Credit Card Section.
  • Step 2: Select Your Ideal Credit Card.
  • Step 3: Click on the ‘ Apply Now’ tab.
  • Step 4: Fill in the required details to find out if you are eligible to apply for the card.
  • Step 5: Once you have entered all the necessary information, click on ‘Submit’.
  • Step 6: After you have successfully provided all the required information, you will receive a message with your application ID.

How To Check SBI Card SimplySAVE Application Status?

To find out the status of your SBI credit card application, follow these steps:

  • Go, to and select the 'Credit Cards' link from the menu.
  • Locate the 'Track Application' option by scrolling down the page. To access the details section, click on it. Proceed to in step three.
  • Track Application and Retrieve Application are the two options available to you on the screen.
  • Complete the 'Track Application' box if you know your application number. If not, complete the 'Retrieve Application.'
  • Enter the application number and click "Track" to follow your application.
  • You will be asked to input your PAN number and date of birth if you decide to retrieve your application. Enter the information and click 'Retrieve'.
  • Your status will show up on the screen; it may be accepted, dispatched, in progress, on hold, or denied.

Regarding the credit limit offered with the Simply Save Credit Card, SBI Card has not made any disclosures. Depending on their credit history and historical payment history, individual cardholders may have different limits. Your credit limit can be either greater or much lower than what you were expecting. If the credit limit on your SimplySave SBI Credit Card is insufficient, you can visit the branch or get in touch with customer service to raise the credit limit. However, you must use the card responsibly for at least six months before looking for for a larger limit. This will help your card issuer develop confidence in you and provide you a bigger credit limit. Alternatively, you can text INCR XXXX, which is your credit card number's last four digits, to 5676791.

  • Find the closest SBI ATM to you and use it to generate your SimplySave SBI Card PIN. Navigate to the main menu and select the option to generate a PIN using OTP.
  • Using Internet Banking to activate your card is another simple method. Locate the option for credit card activation and PIN creation when you log in or sign up to your SBi Card online banking account.
  • You can ask customer service to help you generate a PIN by contacting them.

One of the most important things to remember while using a credit card is to always pay up your account before the due date. The various methods listed below can be used to pay your SimplySave SBI Card bill:

  • You have an easy way to pay your credit card bill with the SBI YONO app. To make payments through the app, simply register and add your credit card.
  • You can use the SBI bill desk to settle your credit card bill. Simply input the amount to be paid, your email address, your phone number, and your card information, and the transaction will be completed quickly and easily.
  • The closest SBI ATM is another option for paying the bill. Login to the main menu of the ATM and select the option to pay credit card bills. Complete the necessary fields and submit payment.
  • You can go to the SBI branch that is closest to you and pay the bill offline with cash or a cheque. You can also deposit the cheque at the ATM dropbox of your choice. However, because it takes a few days to execute the bill payment in this case, make sure you do it at least one week prior to the due date.
  • Bill payments can be made through NEFT if you have an account with a different bank. Find the IFSC code online and enter the number from your SBI SimplySave Card as your account number.

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The SBI Card app allows users to view their available credit limit as well as their overall credit limit.

The SimplyCLICK is for online shopping, while the SBI SimplySAVE Credit Card is designed for regular in-store expenses including dining, movies, groceries, and other expenses.

Yes, after two years the reward points you earn with your SBI SimplySAVE Credit Card will expire.

Currently, finance rates can reach 3.50% each month, or 42% yearly. The fees are effective as of the transaction date and are liable to change at SBI Cards and Payment Services Limites' (SBISPSL) discretion.

Reward points from your SBI credit card can be redeemed both online and offline. You can use the SBI Card mobile app or the bank's online banking system to redeem your reward points online. In addition, you can contact the customer service hotline, and a representative can assist you with the redemption procedure.

Yes, when taking out cash using a credit card, the bank charges a cash advance fee equal to 2.5% of the amount taken out, with a minimum of Rs. 500. Therefore, it's best to avoid using your credit card to make cash withdrawals as this might have a negative effect on your credit score and result in increased fees.

You have two options for paying your credit card bill: online and offline. NEFT, electronic bill payment, Visa credit card pay, National Automated Clearing House (NACH), debit card payment, and so on are among the online payment methods. The credit card bill can be paid offline with cash, cheque, demand draft, or SBI ATM.

No, you are not required to pay a fuel premium on purchases made at any Indian gas station between Rs. 500 and Rs. 3,000. Additionally, you are eligible for a waiver of up to Rs. 100 every statement cycle.

Depending on the claims made by the merchant, the SBI SimplySAVE Credit Card offers an interest-free credit period of 20 to 50 days.

Any member of your immediate family who is older than eighteen (18) may apply for an add-on credit card that shares features with yours.

Yes, you can use your SBI SimplySAVE Credit Card abroad. Please be aware that Bhutan and Nepal will not accept this card.

No, cardholders of the SBI SimplySAVE Credit Card does not offer any airport lounge access facility.

Yes, you can transfer your outstanding balance from any other credit card to the SBI SimplySAVE Credit Card.

When withdrawing cash with a credit card, the bank charges a cash advance fee equal to 2.5% of the total amount withdrawn, with a minimum of Rs. 500. Because of the higher fees and possible damage to your credit score, it is therefore advised to avoid making cash withdrawals with a credit card.

The SimplySave SBI Card has an annual cost of Rs. 499 plus any relevant taxes.

Yes, you can use the SBI Card's EasyPay feature to pay your bills for electricity, telephone, and other services.

Visit the SBI branch that is closest to you and complete the physical form for account closure in order to cancel or close your SBI SimplySAve card.

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Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card: