SBI SimplySave Credit Card

Overview

Updated On: August 24, 2026 | AB Published by: Amit B | 2 min read

The SBI SimplySave Credit Card, once a popular choice for offline spending, is an entry-level rewards card from SBI that has seen better days. In the past, this card was a go-to for those looking to earn reward points on their everyday purchases. However, with the emergence of more competitive cashback credit cards and some recent devaluations, its popularity has waned. Despite this, the SBI SimplySave Credit Card still holds value, especially for those who frequently shop on popular online and offline stores. It remains a useful option for taking advantage of SBI’s instant discount offers on major platforms like Flipkart, Amazon, and Myntra. It’s important to note that the SBI Cashback Credit Card does not qualify for these instant discount offers, making the SimplySave card a preferred choice for many online shoppers. Additionally, this card is available on the Rupay payment network, allowing it to be used for UPI payments as well.

Pros

SBI's instant discount offers on online shopping sites and even offline stores are very frequent. This credit card is eligible for such discounts
Reward points can be redeemed against Amazon Pay gift card which has good acceptability even outside Amazon.

Cons

Valueback rates are very low if compared with other popular credit cards with similar fee.
There is Rs.99 + GST rewards points redemption charge (Rs.117 including GST). This is very high on such a low reward rate.

Fees & Charges

Joining / Annual Fee ₹ 589

Renewal Fee ₹ 589

Annual Spend Target for Fee Waiver ₹ 100,000

Minimum Annual Income Required ₹ 250,000

Rewards and Benefits

Reward Rate

1.67% on Accelerated Spend Categories 0.17% on Other Spend

Base Reward Rate

0.17%

Accelerated Reward Rate

1.67%

Welcome Benefits

Spend Rs. 2,000 or more in first 60 days and get 2,000 bonus Reward Points. This is equivalent to Rs.500 valuaback

Renewal Benefits

No Renewal Benefits

Rewards & Cashback Details

Accelarated Rewards: 10 Reward Points per Rs 150 spent on Dining, Movies, Departmental Stores and Grocery Spends (=1.66% Valueback)
Base Rewards: 1 Reward Point per Rs. 150 spent on other spend categories (4 Reward Points = Rs. 1; 0.17% Valueback)
Online and Offline Discount Offers: SBI Credit Cards' instant discount offers on online and offline shops are very frequent. SBI SimplySave Credit Card is eligible for such instant discount offers.

Rewards Redemption

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.

SBI Credit Cards Reward Catalogue. You can redeem reward points to get the products and gift cards available in this reward catalogue. https://bit.ly/3XqVVss

Additional Benefits

Domestic Airport Lounge

International Airport Lounge

Railway Lounge Access

Movie Benefits

Dining Benefits

Golf Benefits

Lifestyle Benefits Details

No lifestyle benefits on this credit card

Features & Benefits

Reward Points

Utility Bills

Insurance

Education

Gift Cards

Jewellery

Cashback

Airmiles

Airport Lounge

NPS

Government Payment

Fuel

Rent

Wallet Load

Rewards on EMI

No Cashback / Rewards Categories

No reward points on following

Fuel
Cash Advance
Flexipay (EMI)

Ratings & Reviews

2.2

Overall Rating

Reward Rate

2/5

Lifestyle Benefits

1/5

Ease of Reward Redemption

3/5

Value For Money

2/5

Customer Service

3/5

Detailed Review

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.

Eligibility & Important Info

Eligibility Criteria

For residence of India only
Age: 21 years and above
Income : Rs.25,000 per month (Rs.3 Lacs per annum)

Important Links

SBI Credit Cards Reward Catalogue. You can redeem reward points to get the products and gift cards available in this reward catalogue. https://bit.ly/3XqVVss