PSB SimplySAVE SBI Card

Annual feeJoining feeRenewal fee

₹499 + GST

Fee waiver rule

Fee waived if you spend ₹1 lakh.

Add-on card fee

Add-on Card Fee (per annum): Nil.

Welcome benefit

Spend ₹2,000 or more in first 60 days and get 2,000 Bonus Reward Points (2,000 Bonus Reward Points worth ₹500)

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

Pay your outstanding card bill using reward points. 4 Reward Points = Re. 1.

Point expiry

Reward Points accrued under the Rewards Program are valid for a period of 24 months (for all cards except for AURUM); Reward Points not redeemed within this period will expire and be forfeited on the last day of the 24th month

Fuel surcharge waiver

1% fuel surcharge waiver on every transaction between ₹500 and ₹3,000 at all petrol pumps across India. Maximum waiver of ₹100 per statement cycle, per credit card account.

Purchase to EMI conversion

Flexipay EMI: Convert eligible purchases into easy monthly EMIs; Applicable on transactions of ₹2,500 or more.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%3.5% (For All Cards Except Aurum, Elite, Prime NRI Secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite/Miles Prime/Miles)

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)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600). Overlimit Fee will

Payment return or dishonour fee

2% of Payment amount (subject to a minimum of ₹500)

Card replacement fee

₹100 - ₹250 (₹1500 for Aurum)

Cash payment / cash deposit fee

₹250

Education / school fee charge

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

Fee for paying the bill by cheque

₹200. Cheque Payment Fees is not applicable for SBI Card Unnati, SBI Card

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500) at International ATMs

Reward redemption fee

₹99. Applicable only on Physical products, Statement Credit & on Vouchers that

Wallet load charge

W.e.f 1st Nov 2025, 1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000

Rent transaction fee

₹199 processing fee on all rent payment transactions; Processing Fee will not be reversed in case of transaction reversal / cancellation / refund.

Utility transaction fee

W.e.f. 1st Dec 2024, 1% of total amount of Utility Payments, if the total amount exceeds ₹50,000 in a billing cycle

GST note

All taxes would be charged as applicable on all the above Fees, Interest & Charges

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)

Minimum amount due

100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding

Age the primary cardholder must be

21 to 60 years

Eligibility

Salaried or Self-Employed with stable income.

Minimum age

Minimum 21 years