SBI SimplySAVE Credit Card Review

20.06.2025 03:45 PM - Comment(s)

SBI SimplySAVE Credit Card

Financial Expert Advice

Choose Your First (or Next) Credit Card Wisely

"Limit yourself to holding two credit cards A/C—one for daily expenses and auto-debits, and another reserved for emergencies.

Avoid chasing cashback, miles, rewards or Investments, as this can distract from sound financial management;

and lead to unnecessary debt. Focus on stability & discipline."

SBI SimplySAVE Credit Card Review
"Simply Save More"

Introduction

The SBI SimplySAVE Credit Card is an entry-level credit card designed for individuals seeking to maximize savings on everyday expenses. It offers accelerated rewards on dining, movies, groceries, and departmental store purchases, making it a great choice for those who want to earn rewards on their daily spends.

Here’s a detailed review to help you decide if this card is right for you.

Key Features and Benefits

Welcome Benefits

Receive 2,000 bonus reward points worth ₹500 upon spending ₹2,000 within the first 60 days of card activation.

Reward Structure

Earn 10X reward points for every ₹150 spent on dining, movies, groceries, and departmental stores.
Earn 1 reward point for every ₹150 spent on other purchases (4 Reward Points = Rs. 1).

Fuel Surcharge Waiver

Enjoy a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per statement cycle.

Annual Fee

₹499 + taxes, with the option to waive the renewal fee by spending ₹1 lakh or more annually.

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Card Essential

Type	Reward Points
Welcome Benefits	2,000 bonus RP (₹500 value) on ₹2,000 spend within 60 days of activation.
Annual Fee	₹499 + GST
Reward Structure	Rewards On SPENDS
Renewal Benefit	Spend ₹1 Lakh+ annually, get your renewal fee waived.

Rewards and Benefits Analysis

The SBI SimplySAVE Credit Card is ideal for those who frequently spend on dining, movies, groceries, and departmental stores. The accelerated rewards in these categories make it a great choice for maximizing savings on everyday expenses. Additionally, the low annual fee and potential for waiver make it an affordable option for budget-conscious users.

Practical Considerations

While the card excels in rewards for daily expenses, it lacks premium benefits like lounge access or travel-related perks. However, its simplicity and low cost make it a practical choice for beginners or those seeking an entry-level credit card.

Redemption Options

Reward points can be redeemed for gift vouchers or used to settle the card's outstanding balance, providing flexibility in how you enjoy your rewards.

Ideal User Profile

This card is best suited for

Frequent diners and movie-goers.
Those who shop regularly at departmental stores and supermarkets.
Individuals looking for an affordable credit card with focused rewards on everyday expenses.

Final Thoughts

The SBI SimplySAVE Credit Card offers a compelling package for those who want to save on daily expenses.

While it may not be ideal for everyone due to its limited premium benefits, its affordability and focused rewards make it a solid choice for high spenders in specific categories.

Additional Tips for Potential Applicants

Eligibility: Ensure you meet the income and credit score requirements.
Usage: Maximize spends on dining, movies, groceries, and departmental stores to get the most out of the rewards.
Redemption: Opt for gift vouchers or use points to settle your card balance for the best redemption value.

This review provides a balanced view of the card's strengths and weaknesses, helping readers make informed decisions about whether the SBI SimplySAVE Credit Card aligns with their

spending habits and financial goals.

! Disclaimer - We strive for accuracy, but this content is for informational purposes only. For the latest product details and offers, please check the official site directly.

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