SimplySAVE SBI Card
SBI
₹499
Joining fee
₹499, waived at ₹1L spend
Annual fee
Waiver applies from year 2 onwards if spending Rs 1 lakh in the previous year — not applicable in year 1.
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Age: 21–70
Salaried or self-employed with stable income; good CIBIL score required (soft guideline); documents: PAN, Aadhaar, address proof, salary slips or ITR. No gender or profession-specific restrictions mentioned.
Reward details
1 reward point per Rs 150 spent on all other categories
- 10 reward points per Rs 150 spent on Dining, movies, grocery, departmental store purchases (10X)
Welcome bonus: 2,000 reward points (worth Rs 500) on spending Rs 2,000 within 60 days
Redemption
Redemption limited to select brand vouchers only, via SBI Card app, internet banking, or customer service
Ratio: 4 points = Rs 1 (Rs 0.25/point)
Excluded from rewards: fuel, rent, wallet reload, government transactions, cash advances
- 1% fuel surcharge waiver on Rs 500-3,000 transactions at petrol pumps, max Rs 100/statement cycle
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Good option for a basic card with a low annual fee — Paisabazaar
- Covers practical everyday categories (grocery, dining) — Paisabazaar
- Easy approval for entry-level applicants — Paisabazaar
Complaints
- Lower reward rates versus competing cashback cards (aggregator specifically cites YES Bank PaisaSave's 5% cashback on online spends as a comparison) — Paisabazaar
- Limited reward redemption options restricted to select brand vouchers — Paisabazaar
- Minimal additional benefits beyond the rewards program — Paisabazaar
Sources
- Official (not independently verified) — not separately fetched/verified in this pass — figures drawn entirely from aggregator
- Aggregator — fees, eligibility, rewards, sentiment