SBI CardClassic

SBI SimplySAVE

•••• •••• •••• 4242

Tap to flip

Quick facts

SBI SimplySAVE

Top reward10 RP/₹100

Annual fee₹499

Min income₹18,000/mo

Tap to flip back

🌱First Card / Entry

SBI Card · Classic tier

SBI SimplySAVE

Everyday saver

Entry-level card for dining, fuel and groceries.

Key Benefits

💳

10 reward points per ₹100 on dining/fuel/grocery

🎁

Welcome bonus points

Annual fee

₹499

Top rate

10 RP/₹100

Min income

₹18,000/mo

Eff. return

0.87%

Realistic net value (moderate user): ₹4,191/year

After ₹499 fee & ₹630 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

We earn commission if approved — at no cost to you. Zero sales calls.

Our transparency promise

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹5,320

Before fees & forex

Costs / year

₹1,129

Fee ₹499 + forex ₹630

Net value / year

₹4,191

0.87% effective return on spend

Category-wise breakdown

Dining & food delivery

Spend ₹4,000/mo · 10 pts per ₹150 spend

₹800/year

₹66.67/mo

267 pts × ₹0.25 = ₹66.67/mo267 pts/mo @ ₹0.25/pt

Fuel

Spend ₹4,000/mo · 10 pts per ₹150 spend

₹800/year

₹66.67/mo

267 pts × ₹0.25 = ₹66.67/mo267 pts/mo @ ₹0.25/pt

Groceries

Spend ₹6,000/mo · 10 pts per ₹150 spend

₹1,200/year

₹100/mo

400 pts × ₹0.25 = ₹100/mo400 pts/mo @ ₹0.25/pt

All other eligible spends

Spend ₹26,000/mo · 1 pts per ₹150 spend

₹520/year

₹43.33/mo

173 pts × ₹0.25 = ₹43.33/mo173 pts/mo @ ₹0.25/pt

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

Points → INR Conversion Guide

Marketing says "10X points" — here's what that actually means in your pocket.

dining — 10 pts per ₹150 spend

You spend

₹10,000

→

You earn

667 pts

Worth ≈

₹166.67

@ ₹0.25/point

fuel — 10 pts per ₹150 spend

You spend

₹10,000

→

You earn

667 pts

Worth ≈

₹166.67

@ ₹0.25/point

groceries — 10 pts per ₹150 spend

You spend

₹10,000

→

You earn

667 pts

Worth ≈

₹166.67

@ ₹0.25/point

Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.25/pt in calculations. Points expire in 24 months if unused.

🌱First Card / Entry

Low income threshold, easy approval

Reward Structure

Source: SBI SimplySAVE T&Cs

Dining, fuel, grocery

10 RP/₹100

Other spends

1 RP/₹100

Welcome

2,000 bonus points

Excluded categories (no rewards)

EMIRentWallet

Best for

→ Dining & fuel spenders
→ Entry-level SBI card
→ ₹18K+ income

Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Charged in first year

₹499

Annual / renewal fee

Charged every year unless waived

₹499

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹3,320

Signup bonus (year 1)+ ₹2,000

Annual fee− ₹499

Forex cost− ₹630

Net annual value₹4,191

Eligibility Snapshot

Public criteria from SBI SimplySAVE T&Cs. Bank makes final decision.

Minimum age21–60 years

Min income (salaried)₹18,000/mo

Min income (self-employed)₹4,00,000/year

Employment acceptedsalaried, self employed

Credit historyNo minimum stated

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierClassic — entry-level product

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with SBI SimplySAVE?+

At moderate spend (₹40,000/mo), gross rewards are about ₹3,320/year. After the ₹499 annual fee, net value is approximately ₹4,191/year. Use the calculator above to model your own spends.

What is the minimum income for SBI SimplySAVE?+

₹18,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

EMI, Rent, Wallet.

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.