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State Bank of India

SBI Card SimplySAVE

4.0Best for dining out

Verifying

Joining fee incl. GST: ₹589
Renewal fee incl. GST: ₹589
Conditional welcome value: Up to ₹500
Forex markup: 3.5%
Interest p.a.: 45%
Min income (salaried): —

Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. ₹2,000 eligible purchases within 60 days and applicable first-year fee conditions.

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.

What still needs confirmation

Per-transaction ₹150 blocks and voucher/redemption fees can reduce actual rewards relative to this aggregate model.

Spend category	Reward rate	Reward limit
Dining 10 RP per ₹150 (about 1.67% at ₹0.25/point). A single 5,000 RP/month ceiling (₹1,250) covers dining, groceries, movies and department stores; excess earns 1 RP per ₹150.	1.67%	₹1,250 shared reward / monthThen 0.17% on eligible excess
Groceries 10 RP per ₹150 (about 1.67% at ₹0.25/point). A single 5,000 RP/month ceiling (₹1,250) covers dining, groceries, movies and department stores; excess earns 1 RP per ₹150.	1.67%	₹1,250 shared reward / monthThen 0.17% on eligible excess
Entertainment Only the qualifying merchants or payment route below 10 RP per ₹150 (about 1.67% at ₹0.25/point). A single 5,000 RP/month ceiling (₹1,250) covers dining, groceries, movies and department stores; excess earns 1 RP per ₹150.	1.67%	₹1,250 shared reward / monthThen 0.17% on eligible excess
Selected merchants Only the qualifying merchants or payment route below 10 RP per ₹150 (about 1.67% at ₹0.25/point). A single 5,000 RP/month ceiling (₹1,250) covers dining, groceries, movies and department stores; excess earns 1 RP per ₹150.	1.67%	₹1,250 shared reward / monthThen 0.17% on eligible excess
Other eligible purchases	0.17%	—

Excluded from ordinary earning: Fuel, Rent. Specific qualifying offers, if any, are listed above.

Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

Fees & charges

Joining fee₹499

Annual fee₹499

Annual fee waiverAnnual fee reversed on annual spends of ₹1,00,000 or more in the previous year

Foreign currency markup3.5%

Finance charge (p.a.)45%

Fuel surcharge waiver1%, up to ₹100/mo

Key benefits

10 Reward Points per ₹150 on dining, movies, groceries and departmental stores (≈1.67% value back)
Accelerated earning capped at 5,000 Reward Points a month across all four categories
1 Reward Point per ₹150 on other eligible purchases (≈0.17% value back)
2,000 bonus Reward Points on spending ₹2,000 within 60 days of card issuance
1% fuel surcharge waiver (₹500–₹3,000, max ₹100 per month)
Reward Points expire 24 months after they are earned
For cards eligible for statement-credit redemption, SBI requires blocks of 4,000 points from 1 April 2026 and caps redemption at 60,000 points/month. This is separate from earning; redemption fees and unused balances reduce realised value.

What we like

+Low ₹499 annual fee, waived on ₹1 lakh annual spend
+1.67% value back on dining, groceries, departmental stores and movies
+Spend-based renewal waiver; welcome points only partly cover the first-year fee including GST
+RuPay variant enables UPI payments

What to watch

−Accelerated categories share a single 5,000 Reward Point monthly cap (≈₹75,000 of spend)
−Base earn of 1 RP per ₹150 is only about 0.17% value back
−No lounge access
−Reward Points lapse 24 months after they are earned