SimplySAVE SBI Card

Renewal feeJoining fee

₹499 + GST

Fee waiver rule

Renewal Fee is reversed if annual spends for last year >= ₹1,00,000.

Add-on card fee

₹0

Welcome benefit

Spend ₹2,000 or more in first 60 days and get 2,000 Bonus Reward Points.

Reward rate

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

Groceries earningReward earning on dining spends

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

Reward exclusions

Balance Transfers, Cash advances, ATM Withdrawals, Purchases at petrol pumps/service stations.

Reward caps

Maximum cap of 5,000 Reward Points per month on cumulative 10X Reward Points accrued on dining, movies, departmental store and grocery spends

What one reward unit is worth

Reward Points value: 4 Reward Points = Re. 1.

Catalogue redemption

Browse through the Rewards Catalogue to choose your gifts.

Statement-credit redemption

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

Point expiry

Reward Points, if not redeemed within this period, will expire and be forfeited on the last day of the 24th month

Fuel surcharge waiver

Enjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹3,000 at all petrol pumps across India.

Add-on card eligibility

Add-on cards for your parents, spouse, children or siblings above the age of 18.

Balance transfer terms

Balance Transfer on EMI: save money on your credit card repayments.

Purchase to EMI conversion

Convert eligible purchases into easy monthly EMIs.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%

Cash advance fee

2.5% or ₹500 whichever is higher.

Cash advance interest

3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards, applicable from the date of cash withdrawal

Cash withdrawal limit

Max. cash withdrawal limit is ₹15,000 per day on MCC – 6011 (ATM Withdrawals), subject to Cash Advance Limit availability

Interest on unpaid balance

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

Interest-free period

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

Late payment fee

₹100 - ₹1300 (Nil for outstanding Amount due from ₹0- ₹100)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600). Overlimit Fee will not be reversed in case of transaction reversal / cancellation / refund.

Payment return or dishonour fee

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

Statement or duplicate statement fee

Duplicate monthly statements are provided only for a period of six months preceding the request and are subject to a service charge

Card replacement fee

₹100 - ₹250

Cash payment / cash deposit fee

₹250 + applicable taxes

Cheque payment / dishonour fee

₹200

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

Foreign ATM fee

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

Reward redemption fee

Rewards Redemption Fee: ₹99+ applicable taxes.

Wallet load charge

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

Rent transaction fee

₹199+Applicable Taxes as processing fee

Utility transaction fee

If the sum of all Utility Payments in a billing cycle exceeds ₹50,000, then a Utility Payments Fee of 1% will be charged on the total amount of Utility payments made in that billing cycle.

GST note

Haryana - Central Tax @ 9% and State Tax @ 9%; other than Haryana - Integrated Tax @ 18%

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