Karnataka Bank SimplySAVE SBI Card

Renewal feeJoining fee

₹499 + GSTRs. 499 + taxes from second year onwards

Fee waiver rule

Fee waived if you spend ₹1 lakh.

Add-on card fee

Add on Fee (p.a.): Nil.

Reward rate

1 Reward Point per ₹150 · everyday spends1 Reward Point per ₹150 spent on all other spends.

Reward earning on dining spends

10X Reward Points per ₹150 spent on dining, movies, departmental stores and grocery.

What one reward unit is worth

2,000 Bonus Reward Points worth ₹500.

Fuel surcharge waiver

1% Fuel Surcharge Waiver

Add-on card eligibility

Empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18.

Forex markup

3.5% on foreign currency transactions.

Cash advance fee

2.5% or ₹500 whichever is higher (domestic & international ATMs)

Interest on unpaid balance

3.75% p.m. (45% p.a.) for unsecured cards.

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

From Nil (amount due ₹0 to ₹100) to ₹1,300 (amount due above ₹50,000)

Cash payment / cash deposit fee

Cash Payment Fee: Revised from ₹199 to ₹250 w.e.f. 01 Sep 2021

Education / school fee charge

Fee on Education Payments: W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps. However, payments made directly to colleges or schools via their websites or POS machines will not attract any fee.

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Age the primary cardholder must be

21 to 60 years

Eligibility

Salaried or Self-Employed with stable income.

Minimum age

Minimum 21 years