Central Bank of India SimplySAVE SBI Credit Card
SBI Bank (in partnership with Central Bank of India)
Last updated: Jan 20, 2026
₹499
₹499
2.5%
No lounge access
Contents
The Central Bank of India SimplySAVE SBI Card is optimised for everyday in-store spending. It offers accelerated reward points on groceries, dining, movies and departmental store spends plus savings on fuel surcharge. The card is a value-focused option for shoppers who want higher point-earning on daily spends.
Features of Central Bank of India SimplySAVE SBI Credit Card which makes it unique
High Earn Rate on Essentials
10x points on groceries, dining, movies and departmental stores
Maximises rewards for everyday shoppers
Better for in-store groceries vs many online-focused cards
Rewards Structure of Central Bank of India SimplySAVE SBI Credit Card
Grocery stores and supermarkets
acceleratedEarn 10 reward points for every ₹150 spent on groceries and supermarket purchases.
Dining
acceleratedRestaurants and eateries
Earn 10 reward points for every ₹150 spent at restaurants and dining outlets.
Movies
acceleratedBase
baseAll other retail purchases (non-fuel)
Milestones of Central Bank of India SimplySAVE SBI Credit Card
Annual Fee Waiver
₹1,00,000 : Waiver of next-year annual fee
Fees & Charges of Central Bank of India SimplySAVE SBI Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹499 |
| Annual Fee | ₹499 |
| Forex Markup Fee | 2.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Annual fee waiver on spending ₹1,00,000 in the preceding year.
Fee Explanation Standard bank rates apply for overdue amounts and cash advances. See issuer T&Cs for full details.
Additional Features of Central Bank of India SimplySAVE SBI Credit Card
Contactless Payments
Tap-and-pay supported
Welcome Bonus with Central Bank of India SimplySAVE SBI Credit Card
Welcome Bonus: 2,000 reward points
Bonus Conditions: Valid for new cardholders. Spend ₹2,000 or more within 60 days to receive 2,000 bonus reward points.
Application Process for Central Bank of India SimplySAVE SBI Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via the issuer portal
Upload KYC documents
Receive verification call if required
Card dispatched within 7 business days
Required Documents for Central Bank of India SimplySAVE SBI Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
as applicableAccepted documents:
Central Bank of India SimplySAVE SBI Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Central Bank of India SimplySAVE SBI Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
650+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹180,000
Minimum annual income
Self-Employed Applicants
₹360,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must provide valid PAN and Aadhaar (or acceptable KYC documents).
How Approval Is Decided
- Minimum income criteria as per issuer
- Indian resident with valid KYC
- Satisfactory credit profile
Pros of Central Bank of India SimplySAVE SBI Credit Card
- Strong reward rate on everyday in-store purchases
- Fuel surcharge waiver
- Low fee entry-level rewards card
Cons of Central Bank of India SimplySAVE SBI Credit Card
- Reward points earn rate is tied to ₹150 buckets
- Limited premium features like lounge access or travel insurance
Frequently Asked Questions about Central Bank of India SimplySAVE SBI Credit Card
What is the welcome bonus?
2,000 bonus reward points on spending ₹2,000 or more within 60 days of card issuance.
What is the annual fee and can it be waived?
Annual fee is ₹499. The fee can be waived by spending ₹1,00,000 in the preceding year.
How many reward points do I earn on groceries?
Earn 10 reward points for every ₹150 spent on groceries (subject to programme caps).
Is there a fuel surcharge waiver?
Yes — the card offers a fuel surcharge waiver (1% waived) for transactions between ₹500 and ₹3,000 at petrol pumps, as per issuer terms.
What documents are required to apply?
Valid PAN and Aadhaar (or acceptable ID and address proofs). Income proof may be required for some applicants.
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