KVB SimplySAVE SBI Credit Card
Karur Vysya Bank (in association with SBI Bank)
Last updated: Feb 03, 2026
₹499
₹499
Free
No lounge access
Contents
The KVB SimplySAVE SBI Credit Card is tailored for everyday Indian shoppers seeking strong rewards on groceries, dining, movies and departmental store spends. With a modest annual fee that can be reversed on ₹1 lakh+ yearly spend, it offers a 1% fuel surcharge waiver and contactless tap-to-pay convenience. Great as an entry-level rewards card that doesn’t compromise on value.
Features of KVB SimplySAVE SBI Credit Card which makes it unique
Spend Based Reversal
Annual fee reversed when ₹1 lakh annual spend is met.
Effectively reduces cost of the card for regular users.
Better than entry-level cards that don’t offer fee waivers.
Rewards Structure of KVB SimplySAVE SBI Credit Card
Dining, Movies, Departmental Stores and Grocery
acceleratedDining, Movies, Departmental Stores and Grocery spends
Base
baseAll Other Retail Purchases (i.e., non-category spends)
Milestones of KVB SimplySAVE SBI Credit Card
Annual Fee Reversal
₹1,00,000 (previous year) : Annual fee (₹499) reversed for next year.
Fees & Charges of KVB SimplySAVE SBI Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹499 |
| Annual Fee | ₹499 |
| Forex Markup Fee | 0 |
| Cash Advance Fee | 0 |
| Late Payment Fee | 0% |
| Over Limit Fee | 0 |
| Returned Payment Fee | 0 |
| Cash Withdrawal Fee | 0% |
Renewal Conditions:Annual fee of ₹499 waived if annual spends in previous year ≥ ₹1,00,000.
Fee Explanation Fees, charges and taxes as per SBI Card terms and conditions; refer to ‘Most Important Terms & Conditions’ brochure. | Late payment fee details: Up to ₹1,300 depending on outstanding amount
Detailed Explanation of KVB SimplySAVE SBI Credit Card Fees
Annual Fee: ₹499 + taxes (one-time)
Waived from second year if annual spends ≥ ₹1,00,000.
Fuel Surcharge Waiver: 1% (waiver) (transaction)
On petrol transactions of ₹500-₹3,000; maximum waiver ₹100 per statement cycle.
Additional Features of KVB SimplySAVE SBI Credit Card
Contactless Payments
Tap-to-pay enabled for fast, secure small-ticket transactions.
Add-On Cards
Add-on cards available for family members above 18 years.
No annual fee for add-on cards.
Welcome Bonus with KVB SimplySAVE SBI Credit Card
Welcome Bonus: 2,000 reward points
Bonus Conditions: Valid for new cardholders only, subject to terms of the issuer.
Application Process for KVB SimplySAVE SBI Credit Card
Processing Time
5-7 business days (after approval and documentation).
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the online application page and submit form
Upload KYC documents and income proof
Issuer verifies application and sends approval notification
Card is dispatched and can be activated upon delivery
Required Documents for KVB SimplySAVE SBI Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salaried/self-employedAccepted documents:
KVB SimplySAVE SBI Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted internationally where Mastercard is accepted
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for KVB SimplySAVE SBI Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
0+
Citizenship
Indian resident
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Subject to underwriting and KYC checks by insurer/issuer.
How Approval Is Decided
- Indian resident above age 18
- Subject to issuer underwriting and credit profile check
- Additional criteria as per issuer’s policy
Pros of KVB SimplySAVE SBI Credit Card
- Excellent rewards on everyday categories
- Fuel surcharge waiver adds saving on petrol
- Low annual fee that can be reversed
Cons of KVB SimplySAVE SBI Credit Card
- Reward points are earned in ₹150 slabs (may reduce effective rate)
- Limited premium travel or lounge benefits
- Minimal accelerated categories compared to premium cards
Frequently Asked Questions about KVB SimplySAVE SBI Credit Card
What is the welcome bonus and how do I qualify?
You earn 2,000 bonus reward points by spending ₹2,000 or more within 60 days of card issuance.
What is the annual fee and how can I avoid it?
Annual fee is ₹499 + taxes. It is waived if you spend ₹1,00,000 or more in the previous membership year.
How are reward points earned on this card?
You earn 10 reward points per ₹150 on dining, movies, groceries and departmental stores; 1 reward point per ₹150 on other retail purchases.
Does the card offer a fuel surcharge waiver?
Yes — you get a 1 % waiver on fuel surcharge for petrol transactions between ₹500–₹3,000, up to ₹100 per statement cycle.
Can I add family members to the card?
Yes — add-on cards are available for family members above 18 years old, with no add-on annual fee.
Is this card good for travellers?
Not especially — there are no lounge access benefits or travel-specific perks; it's primarily a value-oriented shopping card.
What is the minimum spend to get the fee waiver next year?
You need to spend ₹1,00,000 or more in the previous calendar/membership year to get the ₹499 fee reversed.
How can I apply for the card?
Apply online via the issuer’s website or via the Finanjo portal; complete KYC and await approval and card dispatch.
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