SBI SimplySAVE Credit Card
The SBI SimplySAVE is the offline counterpart to the SimplyCLICK — 10 reward points per ₹150 on dining, movies, groceries and departmental stores, a welcome bonus that covers the fee, and a ₹499 charge that waives at ₹1 lakh. It pays you for spending you were doing anyway. The standing SBI caveat applies: a modest point value (~₹0.25 on portal redemption) pulls the real return on the bonus categories to about 1.7% (10 RP per ₹150), with other spends earning 1 RP per ₹150 (~0.17%). A 2,000-point welcome bonus on ₹2,000 of spend in 60 days covers the fee, and there is a 1% fuel surcharge waiver.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
1.67% on Dining
10 reward points per ₹150 (~1.7% at ₹0.25/point) on dining and movies. SBI caps the 10X rate at 5,000 points a month CUMULATIVELY across dining, movies, departmental stores and grocery, then pays 1 point per ₹150
1.67% on Groceries
10 reward points per ₹150 (~1.7%) on groceries and departmental stores, sharing the 5,000-point monthly cap with dining and movies
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹1,00,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Dining | reward points | 1.67% | ₹1,250 |
| Groceries | reward points | 1.67% | ₹1,250 |
| Other | reward points | 0.17% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹600/yr in total.
fuel waiver ~ ₹600 /yr
1% fuel surcharge waiver (up to ₹100/month)
Should you get it?
Best for: First-time card users, Low to moderate spenders
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Dining ( 1.67% back).
✓ Pros
- Strong rewards that can offset the annual fee for the right spender
- Simple, accessible entry/mid-tier card
✕ Cons
- Annual fee applies unless the spend-based waiver is met
- Fewer premium travel and lifestyle perks
Eligibility & documents
Age
18 –60 years
Min. income
₹15,000 /mo
Employment
Salaried · Self-employed · Student
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Statement credit / cashback adjustment
🎁 Online rewards catalogue (vouchers, merchandise)
🎁 Flight & hotel bookings via the issuer rewards portal
What your SBI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Capped at 60,000 pts/month from Apr 2026
Rewards catalogue / vouchers BEST Vouchers & merchandise
The concern A modest ~₹0.25 point value pulls the bonus-category return to ~1.7% and other spends to ~0.17% — fine as an everyday offline card, not a high earner.
The bottom line
SBI SimplySAVE is a practical entry-level option for households looking to earn accelerated rewards on routine physical retail spending, including groceries, supermarket visits, dining out, and cinema tickets. With a low ₹1 lakh fee waiver and a welcome bonus that covers the ₹499 charge, it performs reliably as an offline companion card alongside dedicated online cashback cards.
Sources & verification
Fees, reward rates, and benefits for the SBI SimplySAVE Credit Card are taken from SBI Card 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2018 · 3 changes · last change Apr 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Redemption Effective 1 Apr 2026
Statement-credit redemption capped and forced into 4,000-point blocks
Any point balance, no monthly ceiling → Max 60,000 points/month, only in multiples of 4,000 (₹1,000)
From 1 April 2026 SBI capped statement-credit redemption at 60,000 reward points a month and allowed it only in multiples of 4,000 points (₹1,000 blocks at ₹0.25/point) across most cards including SimplySAVE (Air India SBI Signature and the two PhonePe cards are exempt). The 60k cap rarely binds a low-spend SimplySAVE holder, but the 4,000-point minimum ends flexible partial redemptions.
Verification: SBI Card ↗ · Confidence: High
2024 1 change — 1 cut
▼ Reward Observed 1 Mar 2024 · Effective 1 Jun 2024
Reward points withdrawn on government transactions
Base reward points earned → No reward points
From 1 June 2024 SBI stopped awarding reward points on Government-related transactions (MCC 9222 fines, 9311 tax payments, 9399 government services and 9402 postal services) on SimplySAVE — one of 47 SBI variants swept into the change, which was notified to cardholders in March 2024.
Verification: SBI Card ↗ · Confidence: High
2018 1 change — 1 neutral
◆ Launch Effective 2018
SimplySAVE SBI Card launched
SBI's entry rewards card — the offline sibling of the online-focused SimplyCLICK — debuts earning 10 reward points per ₹150 on dining, movies, groceries and departmental stores (1 point per ₹150 elsewhere), a 2,000-point welcome bonus on ₹2,000 spend in 60 days, a 1% fuel-surcharge waiver and a ₹499 fee waived at ₹1 lakh annual spend. The exact launch date is not officially documented; secondary sources cite a 2018 debut.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: SBI SimplySAVE Credit Card value timeline — CardAdvisor
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Quick summary
Type Entry credit card
Reward rate 0.17%–1.67%
Best for First-time card users
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
How we research →
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280 cards analysed — August 2026
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