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State Bank of India
SBI Card SimplySAVE
4.0Best for dining out
- Joining fee
- ₹499
- Annual fee
- ₹499
- Welcome bonus
- ₹500
- Forex markup
- 3.5%
- Interest p.a.
- 45%
- Min income
- —
How this card earns
Reward rates by category, with caps and an estimated yearly value.
| Spend category | Reward rate | Monthly cap | Est. value/yr |
|---|---|---|---|
Dining 10 RP per ₹150. 1 RP ≈ ₹0.25, so 10 RP = ₹2.50 per ₹150 = 1.67% value back | 1.67% | — | ₹2,004 |
Groceries 10 RP per ₹150 on grocery and departmental store spends = 1.67% value back | 1.67% | — | ₹2,004 |
Entertainment 10 RP per ₹150 on movie spends = 1.67% value back | 1.67% | — | ₹2,004 |
| All other spends | 0.17% | — | ₹204 |
Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.
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
- 1 RP per ₹150 on all other retail spends (reward point ≈ ₹0.25)
- 1% fuel surcharge waiver (₹500–₹3,000, max ₹100/statement cycle)
- Available on RuPay variant for UPI linking
- Add-on cards for family
- Flexipay / Easy EMI options
What we like
- +Low ₹499 annual fee, waived on ₹1 lakh annual spend
- +1.67% value back on dining, groceries, departmental stores and movies
- +Easy fee waiver and welcome bonus offset cost
- +RuPay variant enables UPI payments
What to watch
- −Base earn rate only ~0.17% outside bonus categories
- −No lounge access
- −Reward points have modest ₹0.25 redemption value
- −Foreign markup of 3.5%
Compare with similar cards
- Top reward
- 0.5%
- Annual fee
- ₹4,999
- Welcome bonus
- ₹5,000 value
- Top reward
- 5%
- Annual fee
- ₹999
State Bank of IndiaBPCL SBI Card Octane
- Top reward
- 7.25%
- Annual fee
- ₹1,499
- Welcome bonus
- ₹1,500 value