Credit Card Compare

SimplySAVE SBI Card

Data last updated 23 October 2026
45.00%
Purchase rate
₹499
Annual fee
2,000
Bonus points
Application

CardIQ

48Fair

Fair

Overall score, out of 100 · How this works

  • Rewards57
  • Sign-up bonus40

Customer reviews

No reviews yet. Be the first to review the SimplySAVE SBI Card.

Pros & cons

What's good

  • 2,000 bonus points to start, worth around ₹500 at our ₹0.25-per-point valuation.
  • No fee to add an additional cardholder.

Worth noting

  • Annual fee of Rs. 499 + taxes in year 1; renewal fee Rs. 499 + taxes from year 2 onwards. Taxes (GST) are additional. Renewal fee waived if annual spends >= Rs. 1,00,000.
  • The 0.06667-point rate on dining, movies, departmental stores and grocery applies only to the first ₹5,000 spent each month, then drops to a lower rate.
  • Up to 50 interest-free days on purchases (below the 50-day median).

Card details

The basics

Additional cardholder fee
₹0 p.a.
Card tier
Not published
Card type
Not published
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
SBI Card Reward Points

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
Not published
Minimum income
Not specified
Residency
India
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
45.00% p.a.
Purchases
45.00% p.a.

Fees

Additional cardholder fee
₹0
Annual fee
₹499 p.a.
Cash advance fee
—
Foreign transaction fee
3.5%
Late payment fee
₹1,300
Over limit fee
₹600

Repayments

Interest-free period
Up to 50 days on purchases
Minimum repayment
Minimum Amount Due shall be 100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding.

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
None
Bonus categories
None
Other purchases
None
Overseas spend
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
Reward Points accrued under the Rewards Program are valid for a period of 24 months.

Sign-up bonus

Bonus spend required
Spend Rs. 2,000 or more in first 60 days
Sign-up bonus
2,000 points

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Purchase rate45.00%Top 10% (4th of 49 cards)
Interest-free days50 daysTop 10% (3rd of 24 cards)
Annual fee₹499 a yearTop 25% (12th of 49 cards)
Overseas fee3.50%Better than most (14th of 49 cards)
Sign-up bonus₹500Not as good as most cards (16th of 22 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
How CardIQ scores cards
Issuer
SBI Card