PSB SimplySAVE SBI Credit Card
SBI Bank (PSB Partnership)
Last updated: Feb 03, 2026
₹499
₹499
2%
No lounge access
Contents
PSB SimplySAVE is a value-oriented everyday card that rewards routine spends. It offers accelerated points on dining, movies, groceries and departmental stores, plus fuel surcharge waiver and a low annual fee that can be reversed with sufficient annual spending. Suited for customers who want straightforward rewards on daily purchases.
Features of PSB SimplySAVE SBI Credit Card which makes it unique
Reward Redemption
Redeem points for statement credit or gifts via SBI rewards catalogue
Flexible redemption options
Standard SBI redemption ecosystem
Rewards Structure of PSB SimplySAVE SBI Credit Card
Dining
acceleratedDining transactions
10x on dining, movies, groceries and departmental stores
Movies
acceleratedMovie ticket purchases
Part of 10x categories
Grocery
acceleratedSupermarket/grocery spends
Part of 10x categories
Base
baseAll other retail purchases (non-fuel)
Standard earn rate; 4 points = ₹1 on SBI rewards platform
Milestones of PSB SimplySAVE SBI Credit Card
Annual Fee Reversal
₹1,00,000 : Annual fee reversal for next year
Fees & Charges of PSB SimplySAVE SBI Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹499 |
| Annual Fee | ₹499 |
| Forex Markup Fee | 2% |
| 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 reversed if annual spend > ₹1,00,000 in previous year.
Fee Explanation Standard bank rates and terms apply for overdue amounts and special transactions.
Detailed Explanation of PSB SimplySAVE SBI Credit Card Fees
Annual Fee: 499 (yearly)
Reversed if annual spend > ₹1,00,000 in previous year
Joining Fee: 499 (one-time)
Payable at issuance where applicable
Cash Advance Fee: 2.5% (transaction)
Minimum ₹300
Additional Features of PSB SimplySAVE SBI Credit Card
Add-on Cards
Free add-on cards for immediate family members
Welcome Bonus with PSB SimplySAVE SBI Credit Card
Welcome Bonus: 2,000 Reward Points
Bonus Conditions: Bonus credited after qualifying spends; excludes cash withdrawals/balance transfer; annual fee may be payable.
Application Process for PSB SimplySAVE SBI Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via SBI Card or bank partner portal
Upload KYC documents
Receive verification call if required
Card dispatched within 5–7 business days
Required Documents for PSB SimplySAVE SBI Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
PSB SimplySAVE SBI Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted where RuPay is accepted
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for PSB SimplySAVE SBI Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
650+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must complete KYC with PAN and Aadhaar where required.
How Approval Is Decided
- Minimum income per bank's underwriting
- Indian resident
- Credit score and eligibility as per SBI Card rules
Pros of PSB SimplySAVE SBI Credit Card
- Strong rewards on groceries and dining
- Affordable annual fee
- Fuel surcharge waiver
Cons of PSB SimplySAVE SBI Credit Card
- No airport lounge access
- Lower base earn rate on non-accelerated spends
Frequently Asked Questions about PSB SimplySAVE SBI Credit Card
Is there a joining or annual fee?
Yes. The joining/annual fee is ₹499 (first year and renewal). The annual fee can be reversed if you spend ₹1,00,000 in the previous year.
What is the welcome bonus?
2,000 bonus Reward Points credited when you spend ₹2,000 within 60 days of card issuance.
What are the accelerated categories and earn rates?
Dining, movies, groceries and departmental stores earn 10 points per ₹150 spent; other spends earn 1 point per ₹150.
Is there a fuel surcharge waiver?
Yes. A 1% fuel surcharge waiver applies on fuel spends between ₹500 and ₹3,000, capped at ₹100 per statement cycle.
How can I redeem reward points?
Points can be redeemed for statement credits or through the SBI Card rewards catalogue; 4 points typically equal ₹1 on SBI platform.
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