SimplySAVE SBI Card review

SBI Card · Visa · points Official sources Checked 30 Oct 2026

At a glance

Annual fee: ₹499
Joining fee: ₹499
Fee waiver: ₹1,00,000 a year
Base return: 0.17% base
Point value: ₹0.25 per point
Domestic lounge: None found
International lounge: None found

Estimated net value a year

Profile	Net	% of spend
First card, light spender ₹15k a month	₹1,251	0.7%
Metro salaried ₹60k a month	₹3,916	0.5%
Family household ₹80k a month	₹5,227	0.5%
Frequent flyer ₹1.5L a month	₹7,775	0.4%
Online shopper ₹50k a month	₹2,445	0.4%
Rent-heavy ₹90k a month	₹3,466	0.3%

Fee maths: The ₹499 annual fee is waived at ₹1,00,000 a year of eligible spend, about ₹8,300 a month. All of our profiles clear that, so the fee costs nothing on them. On our 6 profiles it nets from ₹1,251 (first card, light spender) to ₹7,775 (frequent flyer), equal to 0.3% to 0.7% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹8,000 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: A low-fee SBI card for dining, grocery, department-store and movie spenders: 10 points per ₹150 on those categories, capped at 5,000 accelerated points a month, and 1 point per ₹150 on everything else. SBI points are worth ₹0.25, so the accelerated rate is about 1.7% and the base rate about 0.17%, and the cap is reached at roughly ₹75,000 of spend in those categories. The ₹499 renewal fee is waived at ₹1 lakh. Fuel, rent, wallet loads, gaming and government payments earn nothing, and there is no lounge access.

From the card's terms: limits

Base return is only about 0.17% on other spends

Reward rates and caps

Spend category	Points per ₹100	Value per ₹100	Cap	Notes
Dining & food delivery, Groceries, Entertainment & OTT	6.67	₹1.67	5000 pts monthly	Official (Shop & Smile T&C): 10 points per ₹150 on dining, groceries, departmental stores and movies, capped at 5,000 accelerated points per calendar month; base points continue after the cap. Metro Cash & Carry, Flipkart Wholesale and Walmart excluded from accelerated groceries/departmental.
Everything else, Amazon, Flipkart, Other online shopping, Flights & hotels, Bills & utilities	0.67	₹0.17	No cap found	Official product page: 1 Reward Point per ₹150 on all other spends (confirmed).
Fuel, Rent	0	₹0	No cap found	Official: no points on fuel, rent (MCC 6513), government (MCC 9399/9311), gaming (MCC 5816/7993/7994), wallet loads (MCC 6540/6541), cash advances, balance transfers.

Point value: About ₹0.25 per point (statement credit/catalogue). Since Apr 2026 statement-credit redemption in multiples of 4,000 points (SBI notice).

Excluded or reduced

fuel
rent
online gaming
government payments
wallet loads
cash advances
balance transfers
EMI conversions

Other benefits

Welcome: 2,000 bonus reward points (worth about ₹500) on spends of ₹2,000 or more within 60 days (official product page).
Renewal: Renewal fee reversal on annual spends of ₹1 lakh (official).
1% fuel surcharge waiver on transactions ₹500-3,000, max ₹100 per statement cycle (official)
Forex markup 3.5%

Eligibility

Standard SBI Card eligibility (not verified). not confirmed in an issuer document: check the application page

Reported rule changes

1 May 2026: SBI Card: late payment charge bands revised from 1 May 2026 official
1 Apr 2026: SBI Card: statement-credit redemption capped at 60,000 points a month and in blocks of 4,000 from 1 April 2026 official

Compare

Related guides

FAQ

What is the annual fee of the SimplySAVE SBI Card?

₹499 a year, waived at ₹1,00,000 annual spend. Fees exclude 18% GST.

How do SimplySAVE SBI Card rewards work?

0.17% base, up to 1.67% on dining & food delivery/groceries/entertainment & ott. About ₹0.25 per point (statement credit/catalogue). Since Apr 2026 statement-credit redemption in multiples of 4,000 points (SBI notice).

Does the SimplySAVE SBI Card give airport lounge access?

We did not find lounge access on this card in the sources we checked.

Who is the SimplySAVE SBI Card best suited to?

A low-fee SBI card for dining, grocery, department-store and movie spenders: 10 points per ₹150 on those categories, capped at 5,000 accelerated points a month, and 1 point per ₹150 on everything else. SBI points are worth ₹0.25, so the accelerated rate is about 1.7% and the base rate about 0.17%, and the cap is reached at roughly ₹75,000 of spend in those categories. The ₹499 renewal fee is waived at ₹1 lakh. Fuel, rent, wallet loads, gaming and government payments earn nothing, and there is no lounge access. The ₹499 annual fee is waived at ₹1,00,000 a year of eligible spend, about ₹8,300 a month. All of our profiles clear that, so the fee costs nothing on them. On our 6 profiles it nets from ₹1,251 (first card, light spender) to ₹7,775 (frequent flyer), equal to 0.3% to 0.7% of spend across the profiles.