State Bank of India SBI SimplySAVE Credit Card Review
Dining card
The State Bank of India SBI SimplySAVE has a ₹499 annual fee + GST, waived on ₹1,00,000 annual spend. It earns 0.17% back on regular spends and up to 1.67% on Grocery. Best for: households maximising grocery and dining acceleration cheaply — our verdict: recommended.
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The SBI SimplySAVE is a low-cost everyday card whose 10X earning on groceries, dining, entertainment and departmental stores (up to 5,000 points/month) makes it a solid pick for household spending, with the Rs. 499 fee waived at Rs. 1 lakh spend. The weak 0.17% base rate, lack of lounge access and 3.5% forex markup keep it a domestic category card.
Dining card
The Bottom Line
The SBI SimplySAVE is built for everyday household spender and first card holder. With a ₹499 annual fee that is waived on ₹1,00,000 yearly spend, it offers 1.67% rewards on grocery and 2,000 bonus points. It makes the most sense if your spending matches everyday household spender and first card holder.
It earns a base reward rate of 0.17% and stacks best when your spending lines up with Everyday household spender, First card holder. The renewal fee gets easier to justify once you can hit ₹1,00,000 in yearly spend.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealA family spending on groceries, dining, entertainment and departmental stores that can exploit the 10X categories up to the 5,000-point monthly cap on a very low Rs. 499 fee.
Someone wanting a cheap, easy-to-waive everyday card with meaningful category acceleration.
Probably not for
SkipWith no lounge access and a 3.5% forex markup, the card offers nothing for travel or foreign spending.
Anyone whose spend falls outside the bonus categories earns only about 0.17% back at the base rate.
Is It Worth It For You?
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Reward Rates
SBI SimplySAVE offers 0.17% basic reward rate.
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Welcome Offer
2,000 bonus Reward Points (worth approx Rs.500) on spends of Rs.2,000 or more within 60 days of card issuance.
Milestone Benefits
Annual fee (Rs.499) reversal/waiver on spends of Rs.1,00,000 or more in the preceding year.
Fees & Charges
Eligibility
- Min Income: ₹2.4 Lakhs
- Min Credit Score: 750
- Age 21-70; salaried or self-employed; min monthly income ~Rs 20,000 (Rs 2.4L p.a.); 10 RP per Rs 150 on groceries, dining, movies and departmental stores.
Exclusions & Terms
Forex markup
- Foreign currency markup
Cash Advances
- Does not earn Reward Points.
Balance Transfers
- Does not earn Reward Points.
Frequently Asked Questions
8 data-backed answers from our card database
Ready to apply?
₹499 annual fee. Apply on the State Bank of India website.
Apply on State Bank of India →We may earn a commission if you apply through this link. It never affects our ratings.
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