By Bharti Bisht
Updated On October 18, 2021

SBI SimplySAVE Credit Card is an entry-level offering by SBI Card. The card comes with an annual fee of just Rs. 499 and is very much comparable with SBI SimplyCLICK Credit Card. While SimplyCLICK Card earns accelerated Reward Points on online spends, SBI SimplySAVE Credit Card earns you accelerated Reward Points on spends on dining, movies, grocery and departmental store categories.

Just like SBI Simply CLICK Credit Card, Simply SAVE SBI Card also does not offer any value-added travel/dining/movie benefits, however, you do earn accelerated Reward Points on dining and movie spends. Read on to learn more about this entry-level credit card by SBI Card and its benefits.

SBI SimplySAVE Credit Card

Best Suited For

Shopping |

Joining Fee

Rs. 499 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • 2,000 Reward Points worth Rs. 500 as a welcome gift on spending Rs. 2,000 within 60 days of card issuance.
  • 1 Reward Point per Rs. 100 spent with the card.
  • 10X Reward Points (10 Points per Rs. 100) on spends on dining, movies, departmental stores and grocery categories.
  • Annual renewal fee reversed on expenditure of minimum Rs. 1 lakh in the preceding year.
  • 1% fuel surcharge waived off at all filling stations across India for transactions between Rs. 500 and Rs. 3,000 (max waiver capped at Rs. 100 per month).

Rewards and Benefits

Welcome Benefits

2,000 Reward points on expenditure of Rs. 2,000 within 60 days of card issuance

Movie & Dining

10X Reward Points on movie and dining spends

Rewards Rate

1 Reward Point per Rs. 100 spent (reward rate = 0.25%), 10X Reward Points on grocery, dining, movies, and departmental store spends (reward rate = 2.5%)

Reward Redemption

Reward Points redeemable for gift vouchers on sbicard.com or SBI mobile app or for paying the card’s outstanding balance, 1 Reward Point = Rs. 0.25

Travel

N/A

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

Cardholder shall not be liable for any fraudulent transaction made with the card post reporting the loss of card to the bank

Fees & Charges

Joining Fee

Rs. 499 (plus applicable taxes)

Renewal Fee

Rs. 499 (plus applicable taxes)

Spend based Waiver

Renewal fee waived off on expenditure of Rs. 1 lakh in the preceding year

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.50% per month (or 42% annually)

Fuel Surcharge

1% fuel surcharge waived off on transactions between Rs. 500 and Rs. 3,000 (max waiver capped at Rs. 100 per month)

Cash Advance Charge

2.5% of the amount withdrawn or Rs. 500 (whichever is higher)

Add-on Card Fee

Nil

SBI Simply SAVE Credit Card Welcome Benefits:

2,000 Bonus Reward Points worth Rs. 500 on the expenditure of Rs. 2,000 within 60 days of card set-up.

Milestone Benefit:

The annual renewal fee of the card is waived off on an expenditure of a minimum of Rs. 1 lakh in the preceding membership year.

SBI SimplySAVE Credit Card Rewards:

  • 1 Reward Point per Rs. 100 spent with the card (reward rate = 0.25%).
  • 10X Reward Points per Rs. 100 spent on dining, movies, departmental stores and grocery spends (reward rate = 2.5%).

Reward Redemption:

The Reward Points earned on the card can be redeemed for-

  • gift vouchers on sbicard.com or SBI mobile app.
  • paying the card’s outstanding balance.
  • 1 Reward Point = Rs. 0.25 or 4 Reward Points = Re. 1.

Fuel Surcharge Waiver:

1% fuel surcharge is waived off at all filling stations across India for transactions between Rs. 500 and Rs. 3,000. The maximum waived amount of fuel transactions is capped at Rs. 100 per statement cycle.

Conclusion:

Considering the shopping benefits that it offers at a nominal annual fee of just Rs. 499, SBI Simply SAVE Card can be considered one of the best-suited cards for first-time cardholders. Apart from shopping (select categories), the card earns you accelerated Reward Points on movie and dining spends as well. However, if you prefer online shopping over offline purchases, SBI SimplyCLICK Credit Card would be a better pick for you.

This was our review on the SBI Simply Save Credit Card. Do let us know your thoughts on this entry-level shopping SBI credit card in the comments. And if you’re an existing cardholder feel free to share your experience for the benefit of others.

FAQs:

Reward Points earned on your SBI Simply SAVE Credit Card are redeemable for gift vouchers on sbicard.com or SBI mobile app or for paying the card’s outstanding balance, 1 Reward Point = Rs. 0.25

Yes, you can pay electricity, mobile, telephone, and other bills using the EasyPay facility provided by SBI Card.

Yes, you can withdraw cash with your Simply SAVE SBI Credit Card. However, a cash advance fee of 2.5% of the withdrawn amount is applicable.

The annual renewal fee of the SBI Simply SAVE Visa Credit Card is waived off on an expenditure of a minimum of Rs. 1 lakh in the preceding year.

No, the Simply Save SBI Credit Card doesn’t provide any airport lounge access.

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