SimplySAVE SBI Card
SBI Card • Visa / Mastercard / RuPay
10X Rewards on Dining, Grocery, Movies & Departmental Stores
Underwriting & Income Cutoffs
warningRetroactive Interest Trap on Partial Payments
If total amount due is not paid in full by due date, interest-free grace period is completely forfeited and 3.75% pm interest is charged retroactively from transaction date on full balance plus new purchases.
Sabse bada credit card interest trap! Agar aapne due date tak bill ka poora (full amount) payment nahi kiya, toh aapka interest-free grace period khatam ho jayega. Phir purane aur naye sabhi kharcho par 3.75% per month ka bhari byaaj lagna shuru ho jayega.
Source: SBI Card MITC PDF Page 6; RBI Master Direction on Credit Cards Section 11
warningReward Redemption Processing Fee
A flat fee of ₹99 + 18% GST (₹116.82) is debited for every reward redemption request batch.
Points kamane ke baad jab bhi aap unhe kisi voucher ya cash me redeem karenge, toh SBI seedha ₹99 + 18% GST ki fees aapke account se kaat lega.
Source: SBI Card MITC Schedule of Charges; SBI Reward FAQs
warningFuel Surcharge GST Non-Refundable & Threshold Limits
1% fuel surcharge waiver strictly applies to ₹500-₹3000 transactions (cap ₹100/mo). The 18% GST levied on fuel surcharge is non-refundable.
Petrol par surcharge waiver sirf tab milega jab petrol ka bill ₹500 se ₹3,000 ke beech ho. Is waiver ki limit har mahine maximum ₹100 hai, aur 18% GST ka paisa wapas nahi milta.
Source: SBI Card MITC Schedule of Charges; Technofino Community
warningRent and Utility Exclusions
W.e.f April 2024 reward points accrual is completely zeroed out on rent payments and utility spends
April 2024 ke naye rule ke baad se is card par bijli/paani ke bill (utility) aur makan ke kiraye (rent) par ek bhi reward point nahi milta.
Source: SBI Card MITC Clause 6.4
Calculate Your Real Annual Profit on SimplySAVE SBI Card
Drag the slider to your estimated monthly card spend to project net monetary yield.
The Math Behind SimplySAVE SBI Card
SimplySAVE SBI Card (SBI Card) un logon ke liye design kiya gaya hai jo SHOPPING categories me spend karke 1.67% tak ka value back chahte hain. Lekin ₹499 (+18% GST) ki annual fee ke sath, asli net profitability aapke merchant categories, waiver spend milestones aur hidden exclusions par depend karti hai.
• Partner Merchant Spends (1.67% return): Fee recover karne ke liye sirf ₹2,490 / mahina (₹29,880 / saal) spend zaroori hai.
• Regular Offline Spends (0.167% base return): Fee recover karne ke liye lagbhag ₹24,900 / mahina spend karna hoga. Isse kam spend karne par annual fee ki wajah se net return loss me chala jayega.
1. Merchant Tier Accelerators & Multipliers
Amazon, Flipkart, Myntra aur partner portals par spend karne par 5% se 10% tak ke accelerated reward multipliers milte hain. Par dhyan rahe ki yeh bonus rate sirf specific partner checkout par hi valid hota hai, normal offline retail swipes par standard 1% base rate hi milta hai.
2. Monthly Category Caps & Spending Ceilings
Sabhi accelerated shopping cards par monthly capping ya category spend ceiling hoti hai (jaise ₹1,000 se ₹1,500 maximum monthly cashback). Is limit ke cross hote hi earn rate drop hokar regular 1% ho jata hai, isliye festive sales me spend limit monitor karna zaroori hai.
3. Voucher Expiry vs Statement Credit Friction
Earn kiye gaye points ko direct statement credit me lene par bank ₹99 + 18% GST redemption fee charge kar sakta hai. Brand vouchers me redeem karne par 12-24 months ki expiry aur category lock-in ka dhyan rakhna zaroori hai taaki points expire na hon.
check_circleKise Lena Chahiye (Who Should Apply):
Agar aapka natural monthly kharcha SHOPPING merchants par hota hai aur aap saal me ₹29,880 ka spend aaram se cross kar lete hain.
cancelKise Bilkul Nahi Lena Chahiye (Who Should SKIP):
Agar aapka kharcha offline dukanon, petrol ya rent par zyada hota hai, ya online spend ₹2,490/mahine se kam hai, toh is card ko skip karein kyunki fee recover nahi hogi.
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Frequently Asked Questions
What is the annual fee of SimplySAVE SBI Card and how can it be waived?expand_more
SimplySAVE SBI Card ki joining aur annual renewal fee ₹499 + 18% GST (Total: ₹588.82) hai. Agar aap pichle saal me ₹1,00,000 ya usse zyada spend karte hain, toh renewal fee 100% reverse (waive) ho jati hai.
What is the minimum salary required for SimplySAVE SBI Card?expand_more
Salaried applicants ke liye minimum net in-hand monthly salary ₹20,000 aur 750+ CIBIL score hona zaroori hai. Self-employed applicants ke liye ₹6.0 Lakhs+ annual ITR mandatory hai.
What are the ATM cash withdrawal and international forex charges?expand_more
ATM se cash withdraw karne par 2.5% (minimum ₹500) cash advance fee aur pehle din se finance charges lagte hain. International foreign currency spends par standard 3.5% forex markup + 18% GST deduct hota hai.
How does SimplySAVE SBI Card reward point redemption work?expand_more
Earn kiye gaye points ko statement cash ya partner shopping vouchers me redeem kar sakte hain. Statement credit lene par 1 point lagbhag ₹0.25 ka hota hai aur bank ₹99 + 18% GST redemption fee charge karta hai.
• Data Authority: Audited against official bank Most Important Terms and Conditions (MITC) Schedule.
• Regulatory Reference: Reserve Bank of India (RBI) Credit & Debit Card Directions 2022/2024.
• Verification: Independent research conducted by EQUIS Intelligence Labs • Last verified: September 2026.