SBI SimplySAVE UPI Rupay Credit Card
Welcome Fee: ₹499 + GST
Renewal Fee: ₹499 + GST
Category: Reward Points
Welcome Benefits
Bonus Reward Points: Earn 2,000 Reward Points (worth ₹500) on spending ₹2,000 within the first 60 days of card activation.
Note: Available on the RuPay network, compatible with UPI apps such as Google Pay, PhonePe, and Paytm.
Rewards Program
Bonus Points for Specific Categories: 10X Reward Points for every ₹150 spent on dining, departmental stores, movies, and groceries (2.5% reward rate).
Standard Rewards: 1 Reward Point per ₹150 spent on other purchases (0.25% reward rate).
Rewards Redemption
Options for Redemption:
Redeem points for gift vouchers through sbicard.com or the SBI mobile app.
Offset card’s outstanding amount via Internet banking.
Value: 1 Reward Point = ₹0.25 (4 Reward Points = ₹1).
Fuel Surcharge Waiver
Benefit: 1% waiver on fuel surcharge for transactions between ₹500 and ₹3,000.
Monthly Cap: Maximum waiver of ₹100, leading to potential annual savings of ₹1,200.
Renewal Fee Waiver
Criteria: Waiver of the annual renewal fee for spending ₹1 lakh or more in the previous year.
Summary
Given its low annual fee of ₹499 and the shopping benefits it offers, the SimplySAVE SBI Card is an excellent choice for first-time cardholders. In addition to rewards on shopping in select categories, it provides accelerated Reward Points for movie and dining expenses. However, if you prefer online shopping over in-store purchases, the SBI SimplyCLICK Credit Card might be a better fit. Before making a decision, evaluate your spending habits to determine if this card aligns with your needs. If you're new to credit cards and seek a basic card with reward benefits, the SimplySAVE SBI Card is a solid option to consider.