Last Reviewed: May 2026
SBI Simply Save Credit Card Review: Savings Rewards
Looking for a credit card that rewards your savings mindset? The SBI Simply Save Credit Card is designed for budget-conscious spenders who want solid cashback without paying premium annual fees. With 0.5% cashback on all purchases and a fee-waiver structure, it’s a practical entry-level card.
In this review, we cover fees, rewards, benefits, and who should apply.
Is the SBI Simply Save Card Worth It?
Short answer: Yes, if you spend ₹1L+ annually. The 0.5% cashback plus waivable fees make it worthwhile for consistent spenders.
Not ideal if: You want higher cashback rates (1-5%) or prefer category bonuses.
Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee (Y2+) | ₹500 + GST |
| Fee Waiver | Spend ₹1,00,000+ per year |
| Welcome Bonus | ₹500 e-voucher or reward points |
Value check: Hit ₹1L annual spend and fees are waived. Achievable for regular users (₹8,333/month).
Reward Structure
| Category | Cashback Rate |
|---|---|
| All purchases | 0.5% flat |
| No caps or exclusions | Uncapped earning |
Example: ₹1,20,000 annual spend = ₹600 cashback. Nets ₹100 gain after ₹500 fee (if not waived).
Additional Benefits
| Benefit | Details |
|---|---|
| Insurance Cover | Purchase protection, personal accident cover |
| No forex markup | Standard 3.5% + GST on international |
Final Verdict
Rating: 3.5/5 for steady spenders
Perfect for: People spending ₹80K-150K annually who want zero complications.
Skip if: You want higher cashback (1%+) or need premium benefits.
How to apply: Visit SBI Card official website.
Last updated: May 2026.