Our Money Guide

The SBI SimplySAVE Credit Card is one of SBI’s most popular cards. It is a good entry level card especially for offline shopping. It also provides good benefits on dining and movie spends.

It is virtually a free card if you spend ₹1 lakh or more on your card each year.

SBI SimplySAVE Credit Card

Snapshot

4.8

Card Blog Rating

The Bottom Line:

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SBI SimplySAVE Credit Card

on SBI Card website

SBI SimplySAVE Credit Card

Reward Rate

0.2% – 4%

Other Benefits

Fuel Surcharge Waiver

Minimum Income

Fee Waiver at Rs. 50,000 annual spend

Annual Fee

₹ 5,00

Annual Fee Offers

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Pros and Cons

Benefits of using the credit card

  • Entry level card especially for those who like shopping offline (for example in-store purchases & other face to face transactions)

Limitations and drawbacks to consider

  • Reward rate on card spending is low, especially on travel spends

Features & Benefits of SBI SimplySAVE Credit Card

1.66% benefit on departmental stores, groceries, dining, and movies (10X)

0.16% benefit on all other purchases (X)

Fuel surcharge waiver, upto ₹100 per month

SBI Card customer care

3 lifetime-free add-on cards

SBI SimplySAVE Credit Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹499Welcome offer : You receive 2000 reward points worth ₹500, on spending ₹2000 or more on your card, within 60 days of card activation.
Renewal fee from 2nd year onwards₹499Renewal fee offer : Annual fee is not charged from the second year onwards, if you spend ₹1 lakh or more in the previous year.

Hence the card is virtually free , if you spend ₹1 lakh or more each year
*There is no annual fee for add-on cards.

Late payment fee

Please refer to the below table for details

Amount dueLate Fee
 Less than ₹500Nil
₹501 to ₹1,000₹400
₹1,001 to ₹10,000₹750
₹10,001 to ₹25,000₹950
₹25000 to ₹50000₹1100
Over ₹50000₹1300

Foreign currency transaction fee

3.50% of the transaction value.

Finance charges

3.50% per month (42% p.a.).

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges

Eligibility Criteria

Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.

Minimum age21 years
Maximum age70 years
OccupationSalaried or self-employed
Other criteriaRegular source of income, good credit score preferably above 750

Applying & Tracking Application Status

Step-by-step guide

Online application process The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on the SBI Card website. You can also visit the official website of SBI Card and fill out the application form.

Steps :
– Fill out the Online Application form – personal details, mobile phone number, income, Aadhar / PAN number
– Click ‘Submit’ and you will receive an instant decision on the application basis the information provided.
– If your application is approved, you will receive a call from SBI Card team for verification.
– Post necessary verification, the card is issued to you. 
– You will receive your physical credit card in approximately 15 working days post submission of all the requisite documents.

Virtual card : In addition to this, SBI Card team will send an SMS on your registered mobile number with a link to generate your e-card. With this e-card you can view your credit card details digitally, even before your physical card reaches you, and start shopping online instantly.
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.

Necessary documents and verification

Required documents   – PAN card

– Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof

– Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy

In addition to these, you maybe asked to provide additional documents. Please click here for full details

Approval timeline & tracking your application status

Tracking application status– You can track the status of your application on – ‘Track Application’ section. 
– You can see this section on the Home page (at the top section of the page titled – ‘Track your application’) OR on the Eapply page (at the bottom of the page titled – ‘Track Credit Card Application’).

Steps :
– Enter the application number/ reference number you would have received when applying for the card . Click on the Track button to check the status of your SBI Card application
– If you do not remember your application number/ reference number, then you have another option of retrieving your application number – by entering your first name and mobile number, and then pressing the button ‘Retrieve’.
Apply Now

on SBI Card website

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