SimplySAVE SBI Card

Charge

• Finance Charges: up to 3.75% p.m. (45% p.a.) for unsecured cards (min ₹25).
• Cash Advance Fee: 2.5% of transaction amount (min ₹500) at domestic and international ATMs.
• Cash Payment Fee: ₹250.
• Cheque Payment Fee: ₹200.
• Payment Dishonor Fee: 2% of payment amount (min ₹500).
• Over Limit Fee: 2.5% of overlimit amount (min ₹600).
• Card Replacement Fee: ₹100 - ₹250.
• Dynamic Currency Conversion Fee: 3.5%.
• Late Payment Charges: Nil for ₹0-₹100, ₹100 (>₹100 to ₹500), ₹500 (>₹500 to ₹1,000), ₹750 (>₹1,000 to ₹10,000), ₹950 (>₹10,000 to ₹25,000), ₹1,100 (>₹25,000 to ₹50,000), ₹1,300 (>₹50,000), plus additional ₹100 on missing MAD for two consecutive cycles.
• Utility Payments Fee: w.e.f. 1st Dec 2024, 1% of total utility payments if exceeding ₹50,000 in a billing cycle.
• Fee on Education Payments via third-party apps: w.e.f. 1st Nov 2025, 1%.
• Fee on Wallet Load: w.e.f. 1st Nov 2025, 1% on every wallet load transaction exceeding ₹1,000.
• Processing Fee on Rent Payment Transactions: ₹199.

Verified · SBI Card – Master Most Important Terms & Conditions (MITC) – covers all SBI cards including SimplySAVE · 2026-08-01 · source

Interest-free period

Interest free credit period of 20 to 50 days (subject to submission of claims by the merchant; not applicable if previous month's balance is not cleared in full or if cash has been withdrawn from any ATM).

Verified · SBI Card – Master Most Important Terms & Conditions (MITC) – covers all SBI cards including SimplySAVE · 2026-08-01 · source

Fuel surcharge waiver

Maximum Fuel Surcharge waiver of ₹100 per month for transactions between ₹500 and ₹3000 (exclusive of all applicable taxes).

Verified · SimplySAVE SBI Card – Know Your Card & MITC · 2026-08-01 · source

Redemption value

• 2000 Cash Points can be used to pay ₹500 from the credit card balance.
• Minimum 2000 Cash Points required to encash.
• Rewards Redemption Fee ₹99 (applicable only on physical products, statement credit & vouchers sent physically).
• Reward Points valid for 24 months.

Verified · SimplySAVE SBI Card – Know Your Card & MITC · 2026-08-01 · source

Reward cap

• Reward Points on promoted categories subject to a capping of 5,000 Reward Points per calendar month.
• After reaching this cap, cardholder accrues 1 Reward Point per ₹100 on eligible transactions in promoted categories.

Verified · SimplySAVE SBI Card – Know Your Card & MITC · 2026-08-01 · source

Reward exclusion

Verified · SimplySAVE SBI Card – Know Your Card & MITC · 2026-08-01 · source

Eligibility

Add-on cards can be applied for spouse, parents, siblings and children over 18 years of age.

Verified · SimplySAVE SBI Card – Know Your Card & MITC · 2026-08-01 · source