SBI SimplySAVE is an entry-level credit card offering from SBI Card. The SBI SimplySAVE UPI credit card is now issued only on the RuPay payment network and can be used for UPI spends too. It has a joining fee and annual fee of Rs 499. The annual fee is waived on spends of Rs 1 Lakh in a membership year. The joining fee is compensated with equivalent worth of reward points too making it effectively free for the first year. The card offers accelerated rewards on select categories of spends like dining, departmental stores and groceries.
Eligibility
SBI Card does not state the eligibility criteria on the application page for the SimplySAVE card. But, below is a general guideline of what to expect if you are applying for this card.
| Credit Score | 750+ |
| Occupation | Self Employed or Salaried |
| Income for Salaried | Above 20K per month |
| Income for Self Employed | Above 30K per month |
SBI Card has kept the eligibility criteria low as SimplySAVE is an entry-level card. Just like the SimplyCLICK, this card design is elegant with a printed pattern and feels good to hold.
Fees
| Joining Fee | Rs 499+GST ~Rs 589 |
| Welcome Benefit | Spend Rs 2000 in first 60 days and get 2000 RP ~Rs 500 Value |
| Annual Fee | Rs 499+GST ~Rs 589 |
| Renewal Benefit | None |
| Annual Fee Waiver | On annual spends of Rs 1 Lakh |
The annual fee and required spends for waiver are in line with other entry-level credit cards. The below application link will take you to the SBI Card application page SimplySAVE credit card’s RuPay variant. Using this card for UPI spends will help in reaching the annual fee waiver much faster.
SBI SimplySAVE Credit Card Rewards
SBI SimplySAVE UPI credit card has three reward rates depending on the type of spend and merchant. Each reward point is worth 25 paise for redemption. We can redeem reward points for statement credit by calling customer care.
| Type of Spend | Reward Points | Return Rate @25 per RP |
|---|---|---|
| Dining, Movies, Departmental Stores, Grocery Spends | 10 RP/Rs 150 | 1.7% |
| Other Spends | 1 RP/Rs 150 | 0.17% |
| Fuel, Rent and Wallet Spends | No Rewards |
The reward rates above are also applicable for UPI spends as per the spend category.
The reward rate for other spends is not great when compared to other credit cards with a similar annual fee. We have many cashback credit cards like Flipkart Axis, Axis Ace, Airtel Axis and HDFC Swiggy that offer a better reward rate. But, the SimplySAVE credit card especially with UPI is still a decent option for dining, departmental stores and grocery spends. You can also use this card to avail 10% instant discount offers on e-commerce portals where SBI Card is the partner.
Max cap on 10X Rewards
Cumulative 10X Reward Points accrued on Dining, Movies, Departmental Store & Grocery spends for SimplySAVE UPI SBI Card has a maximum cap of 5000 RP/month. After the cap, we will get 1 RP/Rs 150 spent. This translates to 75K/month worth of spends in these categories.
Rewards Redemption
SBI SimplySAVE credit card has multiple options for redemption. We can get e-vouchers or products from the catalogue over here. The best option however is to get a statement credit by calling SBI Card team. For statement credit card, we get a value of 25 paise per reward point. We cannot redeem reward points for cash in the online redemption portal. You need a minimum of 2000 points for any redemption option.
No Complimentary Airport Lounge Access
We do not get any complimentary airport lounge access on the SBI SimplySAVE credit card.
- Domestic Airport Lounge Access: Not Available
- International Airport Lounge Access: Not Available
Other Key Benefits and Charges
- Fuel Surcharge Waiver: 1% surcharge waiver for transactions between Rs 500 and Rs 3000. Maximum waiver of Rs 100 per statement cycle.
- Foreign Currency Markup: 3.5%+GST
- Interest Rate: 3.5% per month
Final Thoughts
SBI SimplySAVE can be considered as the offline cousin of the SimplyCLICK card. But, the SimplySAVE card misses out on the good rewards offered by SimplyCLICK. The 0.17% reward rate on other spends category is redundant in today’s credit card offerings.
However, if you want a SBI RuPay credit card this can be one of the options. You can apply online using the below link to get the SBI SimplySAVE credit card in RuPay variant.
Frequently Asked Questions
SBI SimplySAVE Credit Card
8 thoughts on “SBI SimplySAVE UPI Credit Card”
I already have SBI Save, got offer for Simply save rupay variant FYF. I wanted to flip save for cashback card, but they declined. What can i do?>
The only way to get the SBI Cashback is to apply online. We cannot get it through customer care.
UPI reward rate is how much?
It is already mentioned in the review.
The other spends return is only 0.17% and not 0.7%. can you correct it?
Done
Hi, the card gives a benefit of 1.66% as 10X per Rs 150. not 100. Please rectify.
Yes, the update was pending post devaluation. It is done now. Thanks!