State Bank of India
SBI Card SimplySAVE
4.0 / 5visa · mastercard · rupay
- Joining fee
- ₹499
- Annual fee
- ₹499
- Base reward
- 0.17%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Dining | 1.67% | Uncapped |
| Groceries | 1.67% | Uncapped |
| Entertainment | 1.67% | Uncapped |
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
The good
- + 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
The catch
- − 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%