What is the joining and annual fee of the SBI SimplySAVE Advantage Credit Card?

The joining fee and annual renewal fee are ₹499 + GST each. The annual fee is waived from the second year onwards if total eligible spends reach ₹1,00,000 in the previous card anniversary year. Note: Promotional offers may provide a first-year fee waiver, subject to availability.

Which spends earn accelerated reward points on this card?

Accelerated reward points are earned on Dining, Movies, Grocery, and Departmental Store spends. All other eligible retail transactions earn base reward points. Note: Reward eligibility depends on correct merchant category classification by the card network.

Do fuel transactions earn reward points?

No, fuel transactions do not earn reward points. However, eligible fuel spends receive a 1% fuel surcharge waiver, subject to transaction limits and conditions. Note: Fuel surcharge waiver is capped at ₹100 per statement cycle.

Does the SBI SimplySAVE Advantage Credit Card offer airport lounge access?

No, this card does not provide domestic or international airport lounge access. Note: Users seeking lounge access should consider premium or travel-focused SBI credit cards.

What is the forex markup fee on international transactions?

A 3.5% foreign currency markup fee is charged on international transactions, plus applicable GST, resulting in an effective cost of around 4.13%. Note: The card is not recommended for frequent international spending.

How long does it take to get the card after applying?

Once approved, the card is usually dispatched within 5–7 working days. The complete process typically takes 7–10 working days from application to delivery. Note: Processing time may vary based on verification and applicant location.

Credit Cards/SBI Bank/SimplySAVE Advantage SBI Credit Card

SimplySAVE Advantage SBI Credit Card

SBI Bank

Last updated: Feb 03, 2026

fuelgroceryDininge-commerceMovies

Annual Fee

₹499

Joining Fee

₹499

Forex Fee

3.5 + GST

Lounge Access

No lounge access

A value-driven shopping and everyday-spend card that rewards groceries, dining, movies and departmental store purchases. High accelerated points on frequently used categories, a small annual fee with an easy waiver condition, and standard SBI Card benefits like contactless payments and global acceptance. Designed for customers who prioritise everyday rewards and simple redemption options.

Features of SimplySAVE Advantage SBI Credit Card which makes it unique

Simple & Transparent Reward Structure

The reward system is straightforward base rewards on all eligible spends and accelerated rewards on select categories, with no complex slabs or confusing conditions.

Easy-to-understand rewards

Compared to cards with complicated milestone or tier-based rewards, this card is easier to use and track.

Accelerated Rewards on Everyday Essentials

The card offers accelerated reward points on Dining, Movies, Grocery, and Departmental Store spends, which are categories most users spend on every month. This makes rewards easier to earn without changing spending habits.

Higher reward points on routine spending categories

Unlike many entry-level cards that offer uniform rewards, this card focuses on daily-use categories for better value.

Low Annual Fee with Achievable Waiver

With an annual fee of just ₹499 and a fee waiver on spends of ₹1,00,000 per year, the card remains affordable for most users.

Lower cost of card ownership

Many cards in the same segment require higher spend thresholds or charge higher renewal fees.

Fuel Surcharge Savings without Premium Fees

Eligible fuel transactions receive a 1% fuel surcharge waiver, helping cardholders save on fuel spends even though fuel does not earn reward points.

Reduced fuel expenses

Several entry-level cards either exclude fuel benefits entirely or cap them very tightly.

Rewards Structure of SimplySAVE Advantage SBI Credit Card

All Retail Spends

base

All eligible retail transactions (excluding fuel, cash advance, EMI conversion, wallet loads, etc.)

Reward Rate:1 Reward Point per ₹100 spent

Monthly Cap:No monthly cap on base reward earnings

Reward points are earned on all eligible retail purchases, both online and offline.

Base Reward Earnings: Cardholders earn 1 Reward Point for every ₹100 spent on eligible retail purchases. Reward points are credited after the statement generation. Certain transactions such as fuel, cash withdrawals, and fees are excluded from reward eligibility.

Dining, Movies, Grocery & Departmental Stores

accelerated

Eligible spends made at merchants classified under dining, movies, grocery, and departmental stores

Reward Rate:10 Reward Points per ₹100 spent

Monthly Cap:As per SBI Card reward policy (merchant category based)

Accelerated reward points are earned only when transactions are classified under Dining, Movies, Grocery, or Departmental Stores by the card network.

Accelerated Rewards on Everyday Spends: Earn higher reward points on frequently used categories like dining, movie tickets, grocery shopping, and departmental store purchases. Eligibility depends on correct merchant category classification by Visa/Mastercard.

Online Shopping / E-Commerce

base

All eligible online transactions made on e-commerce websites and mobile apps

Reward Rate:1 Reward Point per ₹100 spent

Monthly Cap:No monthly cap on base reward earnings

Online shopping transactions earn base reward points as per the card’s standard reward structure.

Online Shopping Rewards: Online shopping transactions earn base reward points at the standard rate. This includes purchases across categories such as fashion, electronics, travel bookings, and subscriptions. Reward eligibility depends on correct merchant classification by the card network. Transactions like wallet loads, EMI conversions, cash advances, fees, and fuel are excluded.

Milestones of SimplySAVE Advantage SBI Credit Card

Annual Spend Fee Waiver

₹1,00,000 in 1 card anniversary year : Annual fee reversal (₹499)

Annual Fee Waiver Milestone: If total eligible card spends reach ₹1,00,000 or more in a card anniversary year, the annual renewal fee for the next year is reversed. The milestone benefit is applicable from the second year onwards. Excluded transactions such as fuel, cash advances, EMI conversions, fees, and wallet loads do not count towards milestone spends.

First Statement Cycle Completion

Not applicable : Reward points credited for eligible transactions

Reward Credit Timeline: Reward points earned on eligible transactions are credited after the first statement is generated. Points are not credited instantly at the time of purchase and may take a full billing cycle to reflect.

Card Anniversary Completion

Completion of 12 months from card issuance : Eligibility for annual fee waiver assessment

Anniversary Spend Evaluation: On completion of each card anniversary year, SBI Card evaluates total eligible spends to determine annual fee waiver eligibility for the upcoming year. Only qualifying transactions are considered for evaluation.

Fees & Charges of SimplySAVE Advantage SBI Credit Card

Fee & Amount	Fee Value
Joining Fee	₹499+ GST
Annual Fee	₹499
Forex Markup Fee	3.5%+ GST
Cash Advance Fee	2.5%of the amount withdrawn, subject to a minimum of ₹500
Late Payment Fee	Upto ₹1,300
Over Limit Fee	2.5%of the overlimit amount that exceeds the credit limit or Rs.600
Returned Payment Fee	2%of Amount subject to minimum charges of Rs. 500
Cash Withdrawal Fee	2.50%of the withdrawn amount, subject to a minimum fee of ₹500 per transaction.

Renewal Conditions:Annual fee reversed if annual spends ≥ ₹1,00,000 (waiver applies from 2nd year onward).

Fee Explanation Standard bank rates and applicable service charges apply for overdue amounts and cash advances.

Detailed Explanation of SimplySAVE Advantage SBI Credit Card Fees

Annual Fee: 499 (yearly)

Reversed on annual spends ≥ ₹1,00,000 (from year 2).

Annual Fee Waiver Benefit: The annual fee of ₹499 is reversed from the second year onwards if total card spends reach ₹1,00,000 or more in the previous card anniversary year. If the spend condition is not met, the annual fee is charged as per standard terms. The first year fee is charged at card issuance unless waived under a promotional offer.

Foreign Transaction Markup: 3.50% (transaction)

Applicable on international currency transactions.

Foreign Currency Transaction Charges: A foreign transaction markup fee of 3.50% is charged on all international transactions made in a foreign currency. Applicable GST is levied on the markup amount, increasing the effective cost. This fee applies to overseas in-store purchases, international online transactions, and foreign currency subscriptions. Currency conversion is done as per Visa/Mastercard exchange rates on the transaction date.

Cash Advance Fee: 2.5 of the amount withdrawn, subject to a minimum of ₹500 (transaction)

Minimum ₹300 per transaction.

Cash Advance Charges: A cash advance fee of 2.5% of the withdrawn amount is charged for every cash withdrawal made using the credit card, subject to a minimum fee of ₹500 per transaction. Interest on cash advances is applicable from the date of withdrawal with no interest-free period. Cash withdrawals do not earn reward points and should be used only in emergencies.

Additional Features of SimplySAVE Advantage SBI Credit Card

Balance Transfer Facility

Allows transfer of outstanding balances from other bank credit cards to this card, usually at a lower interest rate for a limited period.

Balance transfer is subject to SBI Card approval, applicable processing fees, promotional interest rates, and specific tenure terms.

Lower Interest on Existing Dues: The balance transfer facility can help reduce interest costs on high outstanding balances from other credit cards, provided repayments are made within the promotional period.

Add-on Cards

Option to issue add-on credit cards for immediate family members, linked to the primary card account.

Spends made on add-on cards are billed to the primary cardholder, who remains responsible for all payments.

Shared Spending Control: Add-on cards help manage household expenses under a single account while tracking spends separately. Reward points earned on add-on cards are credited to the primary card account.

Contactless Payments

Supports contactless “Tap & Pay” transactions for faster and convenient payments at enabled POS terminals.

PIN is not required for transactions up to ₹5,000; higher amounts require PIN authentication.

Tap & Pay Convenience: Contactless payments help complete transactions quickly and securely without handing over the card, making it ideal for everyday small-value purchases.

Interest-Free Credit Period

Enjoy up to 45–50 days of interest-free credit on retail purchases.

Applicable only if the total outstanding amount is paid in full by the due date.

Smart Cash Flow Management: The interest-free period allows cardholders to manage monthly expenses better, provided payments are made on time and in full.

EMI Conversion Facility

Option to convert eligible large purchases into easy monthly EMIs after the transaction.

EMI conversion is subject to minimum transaction value, applicable processing fees, and interest rates.

Flexible Repayment Option: The EMI facility helps manage high-value purchases by spreading payments over time, though EMI transactions do not earn reward points.

Welcome Bonus with SimplySAVE Advantage SBI Credit Card

Welcome Bonus: 2,000 reward points
Bonus Conditions: Valid for new customers only; earn bonus by spending ₹2,000 within 60 days of card issuance.

Application Process for SimplySAVE Advantage SBI Credit Card

Processing Time

7–10 working days

Online Application

Available

Instant Approval

Not Available

Step-by-Step Process

Apply online via Finanjo portal

Quick Online Application: Start your application by filling in basic personal, employment, and income details on the Finanjo portal. The process is completely online, paperless, and takes only a few minutes to complete.

Upload KYC documents

Document Verification: Upload the required KYC documents such as identity proof, address proof, and income proof (if applicable). Clear and valid documents help speed up the verification and approval process.

Receive verification call

Tele / OTP Verification: After document submission, SBI Card may conduct a verification call or OTP-based verification to confirm your details. Timely response helps avoid delays in approval.

Card dispatched within 7 days

Fast Card Delivery: Once approved, the credit card is typically dispatched within 5–7 working days to your registered address. Delivery timelines may vary based on location and courier availability.

Required Documents for SimplySAVE Advantage SBI Credit Card

Income Proof

Self Employed

Accepted documents:

ITR (last 1–2 years)Business financial statementsBank statements

Income Verification for Self-Employed Applicants: Self-employed applicants may be required to submit income tax returns or business financials to establish income stability.

PAN Card

Salaried, Self-Employed

Accepted documents:

NONE

Mandatory Identity Proof: A valid PAN card is mandatory for all applicants as per RBI guidelines. Applications without a PAN card are not accepted.

Address Proof

Salaried, Self-Employed

Accepted documents:

Aadhaar CardPassportVoter IDDriving LicenceUtility Bill

Residential Verification: Address proof must be current and clearly readable. Utility bills should typically not be older than 3 months.

Income Proof

Salaried

Accepted documents:

Latest salary slips (last 1–3 months)Form 16Bank statement showing salary credit

Income Verification for Salaried Applicants: Income documents help SBI Card assess repayment capacity. Salary slips and bank statements should reflect regular salary credits.