SBI SimplySAVE Credit Card Review

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One look at the list of credit cards offered by SBI Card and one can get confused on which card to apply for. There are too many options to choose from which makes the card decision a tad difficult. This is where we try to help by reviewing cards to find which offers the best benefits for your spends. In this post, we will review one of the entry-level cards – SBI SimplySAVE credit card.

SBI SimplySAVE Eligibility Criteria

SBI Card does not state the eligibility criteria on the application page for this card. Below is what I could gather from users who got an approval from SBI Card.

Credit Score 750 and above
Occupation Self Employed or Salaried
Income for Salaried Above 20K per month
Income for Self Employed Above 30K per month
SBI SimplySAVE Credit Card Review – Eligibility Criteria

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.

Approval chances are higher if we already have a SBI savings account or other credit cards.

SBI SimplySAVE Fees and Charges

SBI SimplySAVE credit card comes with a joining/annual fee of Rs 499 plus GST. SBI Cards provides an Amazon gift card worth Rs 500 as a welcome gift. This makes the card free for the first year.

From the 2nd year onwards, the annual fees are waived on spends of Rs 1L.

Joining/Renewal Fee Rs 499 plus GST
Welcome Benefit Spend Rs 2000 in first 60 days and get 2000 RP ~Rs 500 Value
Renewal Fee Waiver Spend Rs 1 Lakh in a membership year

SBI SimplySAVE Rewards

SBI SimplySAVE has three reward rates depending on the type of spend and merchant. Each reward point(RP) is worth between 20-25 paise for redemption.

Dining, Movies, Departmental Stores and Grocery Spends 10 RP/Rs 100 2.5%
Other Spends 1 RP/Rs 100 0.25%
SBI SimplySAVE Credit Card Reward Points Earn Rate

SBI SimplySAVE Rewards Redemption

SBI SimplySAVE 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 credit card team.

My View

SBI SimplySAVE can be considered as the offline cousin of the SimplyCLICK card. But, the SimplySAVE card misses out on the great rewards offered by SimplyCLICK. The 0.25% reward rate on other spends category is redundant in today’s credit card offerings. I always prefer credit cards that offer consistent cashback/rewards on all spends. Ace, Flipkart Axis in the cashback space and Ultimate, Regalia are some great credit cards.

I would not recommend going for this SimplySAVE card in today’s times when we have much better options.

I am passionate blogger and youtuber since 2018 and self study Programmer.

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