SBI SimplySAVE Credit Card Review

SBI SimplySAVE Credit Card Review
Are you a frequent shopper?

If you answered YES to our question, then SBI SimplySAVE Credit Card is a good choice for you. With a tag line of "Simply Spend. Simply Save." SBI SimplySAVE credit card offers a wide range of benefits for frequent shoppers.

We recommend this card for a variety of reasons:

  • A great signup bonus
  • 10X rewards on Dining, Movies, Departmental Stores and Grocery Spends
  • 1 reward point on every ₹100 on spent on all other spending’s
  • 1% fuel surcharge waiver

The signup bonus includes 2000 reward points which are worth ₹500. To get the signup bonus you have to spend ₹2,000 or more in the first 60 days from your card issuance. One additional benefit with SBI Simply SAVE card if you use credit cards for cash transactions is you get ₹100 cashback when you withdrawing cash using your SBI Simply SAVE card within the first 30 days of card issuance.


It has a nominal joining fee of ₹499. You can get a waiver of subsequent year fee if your annual credit card spending exceeds ₹90,000. There is no option to get 1st year joining fee waiver but the benefits outweigh the joining fee. One trick if you want to lower your first-year fee is to withdraw a nominal amount and get the cashback offer of ₹100 offered for cash withdrawal transactions.

With a ₹99 redemption fee, you can redeem your reward points either on the outstanding balance on your card or buying from a wide range of items in the catalog.

Eligibility Criteria
  • Income ₹ 20,000
  • Applicant should be between 21 and 65 years of age
  • CIBIL Score 700 and above
  • Only for self-employed or salaried
Additional Benefits
  • Balance Transfer on EMI: Save money while paying your credit card dues. Transfer the outstanding balance of other banks’ credit cards using your SimplySAVE SBI Card, and avail a lower rate of interest and payback in EMIs.

  • Flexipay: With Flexipay, convert your transactions in easy monthly installments The minimum transaction amount is ₹2,500.

  • Easy Money: With Easy Money, you can get a draft or cheque against your cash limit and get it delivered to your doorstep.

  • Utility Bill Payment Facility: Pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your Card.

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