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SBI SimplySAVE
•••• •••• •••• 4242
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Quick facts
SBI SimplySAVE
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SBI SimplySAVE
Entry-level card for dining, fuel and groceries.
Key Benefits
Annual fee
₹499
Top rate
10 RP/₹100
Min income
₹18,000/mo
Eff. return
1.14%
Realistic net value (moderate user): ₹5,481/year
After ₹499 fee & ₹630 forex. Based on ₹40,000/mo spend.
12,400 users matched · Verified 2026-06-12
You apply directly with the bank. If you share your contact details on their form, the bank may call you. We never sell your data or make sales calls.
We earn commission if approved — at no cost to you. Zero sales calls.
Our transparency commitment
✓ Reward caps shown in absolute ₹ — not just "5% cashback"
✓ Exclusions listed upfront — fuel, EMI, rent, wallet
✓ Point conversions with conservative ₹/point rates
Rates, fees, and eligibility notes are sourced from public issuer information and may contain errors. Always verify on the bank's website before applying.
All Benefits
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
- Dining, fuel, grocery: 10 RP/₹100
- Other spends: 1 RP/₹100
- Welcome: 2,000 bonus points
- 10 reward points per ₹100 on dining/fuel/grocery
- Welcome bonus points
- Welcome bonus up to ₹2,000
- Best for: Dining & fuel spenders
- Best for: Entry-level SBI card
- Best for: ₹18K+ income
Source: SBI SimplySAVE T&Cs
Low income threshold, easy approval
Reward Structure
Source: SBI SimplySAVE T&Cs
Dining, fuel, grocery
10 RP/₹100
Other spends
1 RP/₹100
Welcome
2,000 bonus points
Excluded categories (no rewards)
What You Actually Earn (in ₹)
Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.
Gross rewards / year
₹6,610
Before fees & forex
Costs / year
₹1,129
Fee ₹499 + forex ₹630
Net value / year
₹5,481
1.14% effective return on spend
Category-wise breakdown
Dining & food delivery
Spend ₹4,000/mo · 15 pts per ₹150 spend
₹1,200/year
₹100/mo
₹4,000 spend → ₹100/moFuel
Spend ₹4,000/mo · 15 pts per ₹150 spend
₹1,200/year
₹100/mo
₹4,000 spend → ₹100/moGroceries
Spend ₹6,000/mo · 15 pts per ₹150 spend
₹1,800/year
₹150/mo
₹6,000 spend → ₹150/moAll other eligible spends
Spend ₹20,500/mo · 1 pts per ₹150 spend
₹410/year
₹34.17/mo
₹20,500 spend → ₹34.17/moEstimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.
Best for
- →Dining & fuel spenders
- →Entry-level SBI card
- →₹18K+ income
Points → INR Conversion Guide
Marketing says "10X points" — here's what that actually means in your pocket.
dining — 15 pts per ₹150 spend
You spend
₹10,000
You earn
1000 pts
Worth ≈
₹250.00
@ ₹0.25/point
fuel — 15 pts per ₹150 spend
You spend
₹10,000
You earn
1000 pts
Worth ≈
₹250.00
@ ₹0.25/point
groceries — 15 pts per ₹150 spend
You spend
₹10,000
You earn
1000 pts
Worth ≈
₹250.00
@ ₹0.25/point
Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.25/pt in calculations. Points expire in 24 months if unused.
Fees & Charges — Full Disclosure
All amounts in INR. Everything that can reduce your net value.
Joining fee
Charged in first year
₹499
Annual / renewal fee
Charged every year unless waived
₹499
Forex markup
3.5% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
₹400–₹1,300 depending on statement balance — always pay on time
Reward redemption fee
Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee
Example: moderate user net math
Eligibility Snapshot
Public criteria from SBI SimplySAVE T&Cs. Bank makes final decision.
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
FAQ
How much can I actually earn with SBI SimplySAVE?+
At moderate spend (₹40,000/mo), gross rewards are about ₹4,610/year. After the ₹499 annual fee, net value is approximately ₹5,481/year. Use the calculator above to model your own spends.
What is the minimum income for SBI SimplySAVE?+
₹18,000/month for salaried applicants (indicative — bank decides).
What spends do NOT earn rewards?+
EMI, Rent, Wallet.
Does CardHungry pull my CIBIL score?+
No. We use public eligibility criteria only. The bank will check CIBIL when you apply.
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