State Bank of IndiaSimplySAVE Advantage SBI Card – Benefits, Fees & Eligibility
Is the SimplySAVE Advantage SBI Card Right for You?
The SimplySAVE Advantage SBI Card is best suited for users who prioritize Dining, Movies, Shopping. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of 10X Reward Points on dining, movies, departmental stores & grocery; 1 RP per Rs. 150 on others..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
10X Reward Points on dining, movies, departmental stores & grocery; 1 RP per Rs. 150 on others.
Notable Perks
Welcome Offer
Spend Rs. 2,000 within 60 days to get 2,000 Bonus Reward Points worth Rs. 500.
Spend-Based Waiver
Renewal fee waived if annual spends for the preceding year are Rs. 1,00,000 or more.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Fuel Surcharge Waiver
1% waiver on fuel transactions between Rs. 500-Rs. 3,000, capped at Rs. 100 per cycle.
Things to Consider
Standard reward rate of 1 RP per Rs. 150 on other categories is relatively low.
Fuel surcharge waiver is capped at Rs. 100 per statement cycle, limiting maximum savings.
Lacks premium benefits such as complimentary lounge access or golf privileges.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 within 60 days to get 2,000 Bonus Reward Points worth Rs. 500.
Rewards Rate
10X Reward Points on dining, movies, departmental stores & grocery; 1 RP per Rs. 150 on others.
Reward Type
Reward Points
Reward Redemption
Redeem points to pay outstanding bill or choose from a variety of gifts and vouchers.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10X Reward Points for every Rs. 150 spent on dining.
Travel Benefits
Accepted at over 24 million outlets worldwide; cash access from 1 million Visa/MasterCard ATMs globally.
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Renewal fee waived if annual spends for the preceding year are Rs. 1,00,000 or more.
Fuel Surcharge Waiver
1% waiver on fuel transactions between Rs. 500-Rs. 3,000, capped at Rs. 100 per cycle.
Pros & Cons
Pros
Key benefits and features of this card.
Earn accelerated 10X Reward Points on dining, movies, departmental stores, and grocery spends.
Enjoy a 1% fuel surcharge waiver on transactions, making daily commutes more economical.
The annual renewal fee is easily waived by spending Rs. 1,00,000 annually.
Welcome bonus of 2,000 Reward Points provides an initial boost to savings.
Offers modern features like contactless payments and global acceptance for convenience.
Cons
Key drawbacks and limitations of this card.
Standard reward rate of 1 RP per Rs. 150 on other categories is relatively low.
Fuel surcharge waiver is capped at Rs. 100 per statement cycle, limiting maximum savings.
Lacks premium benefits such as complimentary lounge access or golf privileges.
No specific travel or international spend benefits beyond global acceptance.
Product Details
Contactless payments for fast, convenient, and secure transactions.
Global acceptance at over 24 million outlets worldwide and 3,25,000 in India.
Nil annual fee for add-on cards for eligible family members.
Convert eligible purchases of Rs. 2,500+ into easy monthly EMIs with Flexipay.
Easy Bill Pay facility for various utility bills.
Transfer outstanding balances from other credit cards to SimplySAVE SBI Card.
Access cash from over 1 million Visa or MasterCard ATMs globally.
Secured card variant 'Advantage' also available.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 within 60 days to get 2,000 Bonus Reward Points worth Rs. 500.
Rewards Rate
10X Reward Points on dining, movies, departmental stores & grocery; 1 RP per Rs. 150 on others.
Reward Type
Reward Points
Reward Redemption
Redeem points to pay outstanding bill or choose from a variety of gifts and vouchers.
Movie Benefits
Earn 10X Reward Points for every Rs. 150 spent on movies.
Dining Benefits
Earn 10X Reward Points for every Rs. 150 spent on dining.
Travel Benefits
Accepted at over 24 million outlets worldwide; cash access from 1 million Visa/MasterCard ATMs globally.
What matters, explained clearly
Introduction
The SimplySAVE SBI Card, issued by SBI Card, is a mid-range credit card designed for individuals looking to maximize savings and rewards on everyday spending. Its primary differentiating benefits include an accelerated 10X Reward Points program on popular categories like dining, movies, departmental stores, and grocery, along with a 1% fuel surcharge waiver and a welcome bonus of 2,000 Reward Points. This card aims to make daily transactions more rewarding and offers an easily waivable annual fee.
Welcome Benefits
- Spend Rs. 2,000 or more within the first 60 days of card issuance to receive 2,000 Bonus Reward Points. These points are worth Rs. 500 (as 4 Reward Points = Re. 1).
Fees
- Joining Fee: Rs. 499 + applicable taxes.
- Renewal Fee (per annum): Rs. 499 + applicable taxes, from the second year onwards.
- Spend-Based Waiver: The renewal fee is reversed if annual spends for the preceding year are Rs. 1,00,000 or more.
- Add-on Card Fee (per annum): Nil.
- Fuel Surcharge: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 3,000 at all petrol pumps across India. The maximum waiver is capped at Rs. 100 per statement cycle, per credit card account.
Rewards
- Accelerated Rewards: Earn 10X Reward Points for every Rs. 150 spent on dining, movies, departmental stores, and grocery.
- Standard Rewards: Earn 1 Reward Point for every Rs. 150 spent on all other categories.
- Reward Point Value: 4 Reward Points are equivalent to Re. 1.
Rewards Redemption Guide
- Reward points can be used to pay your outstanding credit card bill.
- You can browse through the Rewards Catalogue to choose from a variety of gifts and vouchers.
Card Review
The SimplySAVE SBI Card is an excellent choice for individuals who frequently spend on essential categories like dining, movies, grocery, and departmental stores. The 10X reward rate on these categories provides significant value, making everyday spending more rewarding. The 1% fuel surcharge waiver is a useful perk for commuters, although it has a maximum cap. The annual fee is reasonable and easily waivable by achieving an annual spend of Rs. 1 lakh, which is attainable for many users. The card also offers modern features like contactless payments and global acceptance. While the standard reward rate on other spends is modest, the accelerated rewards on specific categories make it a strong contender for a value-oriented credit card.
Important Product Details
- Welcome Offer: Get 2,000 Bonus Reward Points on spending Rs. 2,000 within the first 60 days.
- Accelerated Rewards: Earn 10X Reward Points on dining, movies, departmental stores, and grocery spends.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000, capped at Rs. 100 per statement cycle.
- Renewal Fee Waiver: Annual fee is reversed on achieving Rs. 1,00,000 in annual spends.
- Add-on Cards: Nil annual fee for add-on cards for family members (parents, spouse, children, or siblings above 18 years of age).
- Contactless Payments: Tap & Pay facility for fast, convenient, and secure transactions.
- Global Acceptance: Accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India.
- Cash Access: Withdraw cash from over 1 million Visa or MasterCard ATMs globally.
- Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
- Utility Bill Payment: Easy Bill Pay facility for electricity, telephone, mobile, and other utility bills.
- Balance Transfer on EMI: Transfer outstanding balances from other banks' credit cards to your SimplySAVE SBI Card at a lower interest rate and repay in easy EMIs.
- Reward Point Value: 4 Reward Points = Re. 1.
- Fees: Annual Fee and Renewal Fee of Rs. 499 + taxes.
Other Details
- A secured card variant named 'Advantage' is also available.
- The card can be used internationally at any outlet that accepts Visa / Master Card.
- Application for the card can be done through the SBI Card website, Chatbot ILA, SBI Card Helpline (39 02 02 02 with city STD code prefix), or by visiting the nearest SBI branch.
- Contactless transactions are secured by Visa PayWave’s unique security key, ensuring only one transaction is processed even if the card is tapped multiple times.
- Information regarding the order of payment settlement, digital membership kit, and detailed terms & conditions are available on the bank's website.