SBI SimplySAVE Review 2026
Last reviewed:
Quick verdict
A practical everyday rewards card for those who regularly eat out, watch movies, and buy groceries. The 10X rewards on dining, grocery, and entertainment categories give much better value than flat-rate alternatives. Annual fee waiver at ₹1L spend makes it effectively free for most regular users.
Pros
- Welcome benefit: 500 bonus reward points
- Accessible eligibility — minimum income around ₹20,000/month
Cons
- 3.5% + GST forex markup makes it expensive abroad
- No complimentary airport lounge access
- Interest of 3.35% per month (40.20% p.a.) if you carry a balance
Key benefits
- ₹500 annual fee waiver on ₹1L spend
- Fuel surcharge waiver
- 5X rewards on all other spends
- Contactless payments enabled
Fees & charges at a glance
| Joining Fee | ₹499 + GST |
|---|---|
| Annual Fee | ₹499 + GST |
| Rewards | 10X rewards on dining, grocery, movies & dept stores |
| Welcome Benefit | 500 bonus reward points |
| Lounge Access | None |
| Fuel Surcharge Waiver | 1% waiver on ₹500-₹3,000 txns |
| Foreign Txn Fee | 3.5% + GST |
| Interest Rate | 3.35% per month (40.20% p.a.) |
| Credit Limit | ₹25,000 - ₹3,00,000 |
| Add-On Card Fee | ₹249 + GST |
| Min Income | ₹20,000/month |
| Network | Visa |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The SBI SimplySAVE is best suited for everyday spending. It is a rewards card on the Visa network, and SBI generally looks for a minimum income of ₹20,000/month. If your spending matches its reward categories (10x rewards on dining, grocery, movies & dept stores), the card can pay for its annual fee of ₹499 + GST. If not, a lifetime-free card may give you better net value.
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SBI SimplySAVE: frequently asked questions
What is the annual fee of the SBI SimplySAVE?
The SBI SimplySAVE has a joining fee of ₹499 + GST and an annual fee of ₹499 + GST. Many banks waive the renewal fee when you cross a yearly spend milestone — check the latest waiver condition with SBI.
What rewards does the SBI SimplySAVE give?
10X rewards on dining, grocery, movies & dept stores. ₹500 annual fee waiver on ₹1L spend. Fuel surcharge waiver.
Does the SBI SimplySAVE offer airport lounge access?
No. The SBI SimplySAVE does not include complimentary airport lounge access. If lounge access matters to you, look at travel cards in our best travel credit cards list.
What is the eligibility and minimum income for the SBI SimplySAVE?
SBI typically requires a minimum income of ₹20,000/month for the SBI SimplySAVE, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the SBI SimplySAVE?
The SBI SimplySAVE charges 3.35% per month (40.20% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the SBI SimplySAVE?
The foreign currency markup on the SBI SimplySAVE is 3.5% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the SBI SimplySAVE to UPI?
No. The SBI SimplySAVE runs on the Visa network. Only RuPay credit cards can be linked to UPI in India at present.
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