Karnataka Bank SimplySAVE SBI Card
SBI Card · Open to apply
An entry rewards card issued with Karnataka Bank: 10 points per ₹150 on dining, groceries, departmental stores and movies up to 5,000 points a month, 1 point per ₹150 elsewhere (4 points = ₹1), a 2,000-point welcome bonus and a ₹499 fee reversed on ₹1 lakh of yearly spends.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 point per ₹150 on all other retail spends: 1 SBI Card Reward Points per ₹150 (about 0.17% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 points per ₹150 on dining, groceries, departmental stores and movies: 10 SBI Card Reward Points per ₹150 (about 1.67% at cash value)
Earns nothing on
- No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on wallet loads (MCCs 6540, 6541)
- No points on cash advances and ATM withdrawals
- No points on EMI conversions (Flexipay, Merchant EMI)
- No points on rent (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on digital gaming platforms (MCCs 5816, 7993, 7994)
Where the sources disagree
- Fuel surcharge waiver cap period: The product page says a maximum waiver of ₹100 per statement cycle per credit card account; the booklet says ₹100 per month. We use the statement cycle.
- Network: The booklet says "VISA/RuPay/MasterCard". We list the networks the booklet names; SBI Card does not say which a new applicant is issued.
- Redemption minimum: The booklet requires at least 2,000 points to redeem; the Shop & Smile T&C (modified 23 Sep 2026) has statement credit only in multiples of 4,000 points from 1 Apr 2026. We use the later rule.
Terms the calculator does not value
- The accelerated rate does not apply at Metro Cash & Carry and Walmart either (Flipkart Wholesale is the rule wholesale-no-accelerated); neither has a merchant file.
Sources
- Karnataka Bank SimplySAVE SBI Card product-page data file (fees, rates, welcome offer, fuel surcharge waiver) (Product page, the bank's own, read 6 Nov 2026)
- Karnataka Bank SimplySAVE SBI Card Terms and Conditions booklet (PDF modified 2 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (accrual, caps by card, exclusions, redemption; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Most Important Terms and Conditions, annual and renewal fee table (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Important Notices page (29 Mar 2026 redemption notices) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on rent payments from 1 Apr 2024 (linked from the customer notices page) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on government-related transactions from 1 Jun 2024 (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on digital gaming platforms from 1 Dec 2024 (Bank notice, the bank's own, read 6 Nov 2026)