M16S / State Bank of India (SBI Card) / KVB SimplySAVE SBI Card
entry · cobrand, rewards
KVB SimplySAVE SBI Card
The KVB SimplySAVE SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.17% (1 RP per Rs 150 on all other spends). Accelerated earn: 10X RP per Rs 150 on dining, movies, departmental stores and grocery. The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- 0.17%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,00,000 |
| Fee notes | Annual fee Rs 499, renewal Rs 499 from second year; renewal fee reversed if previous year's spend is Rs 1 lakh or more. Add-on card free. |
Rewards
| Welcome benefit | 2,000 bonus RP (worth Rs 500) on spending Rs 2,000 or more in the first 60 days |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 150 on all other spends |
| Base return | 0.17% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP) |
| Accelerated earn | 10X RP per Rs 150 on dining, movies, departmental stores and grocery |
| Points expiry | 24 months |
| Reward notes | base_return_pct = 1 RP per Rs 150 x Rs 0.25 (4 RP = Re 1), both stated on the issuer page; 10X categories = 1.67%. |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle per card account |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Issuer product page read 2026-10-12 (rendered text); fields not listed in unverified_fields are from it or from the issuer MITC/KFS/notices already cited. KVB = Karur Vysya Bank. No cash-payment fee at KVB branches for KVB cardholders (MITC). Bank-partner version of SimplySAVE; apply at Karur Vysya Bank branches (page), which confirms status open. Previously this entry held fees and the 2022 issuer-notice earn rate only; welcome benefit, accelerated categories, point value and fuel waiver are new from the page. No conflicts. The page mentions no lounge benefit (lounge fields left empty). Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the KVB SimplySAVE SBI Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- What is the forex markup on the KVB SimplySAVE SBI Card?
- 3.5% of each foreign-currency transaction, before GST.