Features and benefits available in this credit card
Reward points can be redeemed against Amazon Pay Giftcard at 1 Reward Point = Rs.0.25 value. You get Amazon Pay Giftcard of Rs.500 denomination against 2000 reward points. However, there is a Reward Redemption Fee of Rs.117 including GST. So, it is advisable to accumulate good amount of points and then only redeem it. Reward redemption fee will remain same irrespective of no. of reward points you are redeeming. There are many other redemption options in SBI Card rewards catalogue but are not so valuable.
Think of these as small investments to keep your credit card running smoothly.
Aspects that make this credit card amazing.
Aspects this credit card lacks.
No reward points on following
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Ratings you can trust: honest, unbiased, and backed by SpendWisely’s expertise.
The SBI SimplySave Credit Card comes with an annual fee of Rs. 589 (including GST), but its reward rate leaves much to be desired. Additionally, there’s a Rs. 117 (including GST) fee for redeeming rewards, further diminishing its appeal for everyday spending. Given the fee, there are other credit cards available that offer better rewards and overall value. However, the card does have a redeeming feature: frequent instant discount offers from SBI. These offers can provide significant savings, making the card a decent option to keep on hand, even if it’s not your primary card for regular expenses.
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Affiliate Disclosure and Editorial Integrity: While this is an informational blog, some of the links on this site may be referral links. If you click on these links and apply for a credit card, we may receive a referral bonus. However, this does not influence our articles or reviews. Our commitment is to provide accurate information, along with honest and unbiased opinions based on thorough research and expertise.
The content provided on this website is for informational purposes only and should not be construed as financial advice. We are not financial advisors, and the information presented here does not constitute professional financial advice, legal advice, or any other type of advice.
We endeavour to present the most accurate information possible. However, features and benefits of credit cards and other financial products may undergo changes over time. Despite our best efforts, the information provided on this website may become outdated.
All third-party trademarks, including logos and brand names, featured on this website are the property of their respective owners. The use of these trademarks does not imply any affiliation with or endorsement by the trademark holders. We do not claim ownership of any third-party trademarks displayed on the site, and they are used solely for informational and review purposes.
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