The practical rewards card for everyday spenders
10X rewards on dining, movies, groceries
1% fuel surcharge waiver available
2,000 bonus points on early spending
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| Benefit | Details |
|---|---|
| Accelerated Rewards | Earn 10 reward points per ₹150 spent on dining, movies, grocery, and departmental store purchases. |
| Welcome Bonus | Receive 2,000 bonus reward points upon spending ₹2,000 within the first 60 days of card issuance. |
| Low Annual Fee | Annual fee of ₹499 + GST, waived on annual spends of ₹1 lakh or more from the second year onwards. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, with a maximum benefit of ₹100 per statement cycle. |
| Flexible Payment Options | Convert purchases of ₹2,500 or more into easy EMIs through Flexipay and balance transfer facilities available. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | SBI Card & Payment Services Ltd. (in partnership with Punjab & Sind Bank) |
| Bank / Non-bank | Bank-affiliated |
| Category | Shopping / Everyday Rewards |
| Type of Card | Visa |
| Free or Paid | ₹499 +Taxes Annually |
The PSB SimplySAVE SBI Card is an excellent everyday lifestyle credit card for Indian users who dine out, shop groceries, buy movie tickets and fill petrol tanks regularly. You earn 10× reward points on dining, movies, groceries and departmental store spends. A fuel surcharge waiver of 1% is available for fuel spends between ₹ 500-₹ 3,000 per transaction. You also get a welcome bonus of 2,000 reward points after your first qualifying spend. This card offers value for frequent lifestyle spending while keeping things simple and rewarding.
Global Acceptance: The card can be used at over 24 million outlets worldwide, including 325,000 outlets across India, providing extensive acceptance for both domestic and international transactions.
Add-on Cards: Family members above 18 years of age, including parents, spouse, children, or siblings, can be issued supplementary cards at no additional cost, allowing them to share the benefits of the primary card.
Cash Withdrawals: Cardholders can withdraw cash from over 1 million Visa or RuPay ATMs globally, ensuring liquidity and convenience when needed whilst travelling or during emergencies.
Utility Bill Payments: The Easy Bill Pay facility enables cardholders to settle electricity, telephone, mobile, and other utility bills conveniently by using the Easy Bill Pay facility, streamlining monthly payment obligations.
Balance Transfer on EMI: Outstanding balances from other banks' credit cards can be transferred to the PSB SimplySAVE SBI Card at lower interest rates and repaid in easy EMIs, providing financial flexibility and potential savings on interest costs.
Flexipay: Purchases of ₹2,500 or more can be converted into easy monthly instalments within 30 days of the transaction date, helping cardholders manage large expenses more efficiently through the SBI Card online portal.
Contactless Payments: The card features contactless payment technology, allowing cardholders to simply wave their card for fast and convenient transactions without the need to hand over the card or enter a PIN for smaller purchases.
10X Reward Points: Cardholders earn 10 reward points for every ₹150 spent on the following everyday categories:
Dining at restaurants
Movie tickets and entertainment
Grocery shopping
Departmental store purchases
1X Reward Point: For all other spends, cardholders earn 1 reward point per ₹150 spent, ensuring rewards accumulation across all spending categories.
Redemption Value: Every 4 reward points are equivalent to ₹1, providing a clear and straightforward redemption structure for cardholders.
Gift Vouchers: Exchange points for vouchers from partner brands across multiple categories such as shopping, dining, entertainment, and lifestyle.
Merchandise: Redeem points for a wide array of products available through the SBI Card Rewards Catalogue, including electronics, home appliances, and lifestyle products.
Cash Payment: Points can be used to pay outstanding balances on the credit card, offering flexibility in how cardholders manage their rewards.
Bonus Reward Points: New cardholders receive 2,000 bonus reward points upon spending ₹2,000 or more within the first 60 days of card issuance.
Annual Fee Reversal
Second Year Onwards: The annual renewal fee of ₹499 + GST is waived from the second year onwards if the cardholder spends ₹1,00,000 or more on the PSB SimplySAVE SBI Card in the previous year.
1% Waiver: Cardholders receive a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at petrol pumps across India, helping to save on fuel expenses which form a significant part of monthly budgets for vehicle owners.
Maximum Benefit: The maximum waiver is capped at ₹100 per statement cycle, providing consistent savings on fuel purchases throughout the billing period.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹499 + GST | One-time charge when the card is issued for the first time. |
| Annual Fee | ₹499 + GST | Charged every year from the second year onwards. Waived if annual spends are ₹1,00,000 or more in the previous year. |
| Add-on Card Fee | ₹0 | No charge for supplementary cards issued to family members above 18 years of age. |
| Criteria | Details |
|---|---|
Age | Minimum 18 years |
Occupation | Salaried / Self-Employed/ Government Employee |
Residency | Must be a resident of India with a permanent residential address |
Credit Score | A credit score of 750 or above is generally recommended for approval |
Other Criteria | Regular source of income, good credit history, valid PAN card, valid Aadhaar card or any government-issued address proof |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card (mandatory), Passport, Driving Licence, Aadhar Card, or Voter ID |
| Address Proof | Aadhaar Card or any valid government-issued address proof such as Rental Agreement, Passport, or Utility Bill |
| Income Proof | Salaried Individuals: Salary slips (latest 2-3 months), Bank Statements or Form 16. Self-Employed Individuals: Income Tax Return (ITR), Bank Statements of Business, or Financial Certificates. |
| Photograph | Recent passport-size colour photograph with white background |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your PSB SimplySAVE SBI Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Focus spending on everyday categories like dining, movies, groceries, and departmental stores to earn 10X reward points and maximise the value derived from the card. |
Redeem Reward Points Regularly | Check accumulated points through the SBI Card mobile app or online portal and redeem them for e-gift vouchers, or to pay outstanding balance of credit card, or to buy merchandise. |
Pay Utility Bills | Utilise the Easy Bill Pay facility to conveniently pay electricity, telephone, mobile, and other utility bills, consolidating monthly payments through a single platform. |
Track Spending Patterns | Monitor spending and reward points accumulation through the SBI Card mobile app or online portal to stay within budget and track progress towards annual fee waiver targets. |
Set Up Alerts | Enable transaction alerts via SMS and email to stay informed about spending, reward accumulation, payment due dates, and any suspicious activity on the card. |
Utilise Flexipay Wisely | For large purchases exceeding ₹2,500, consider converting them to EMIs through Flexipay to manage cash flow better, but be mindful of the interest charges applicable. |
The PSB SimplySAVE SBI Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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