What is the annual fee of the SimplySAVE Advantage 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 SimplySAVE Advantage SBI Card?

3.5% of each foreign-currency transaction, before GST.

M16S / State Bank of India (SBI Card) / SimplySAVE Advantage SBI Card

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SimplySAVE Advantage SBI Card

State Bank of India (SBI Card)Last checked 11 Oct 2026

The SimplySAVE Advantage SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.17%. Accelerated earn: 10 RP per Rs 150 on dining, movies, departmental stores, groceries. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.

Annual fee: Rs 499+ GST
Fee waived at: Rs 1,00,000annual spend
Base return: 0.17%
Forex markup: 3.5%
Interest: 2.75%a month

Fees

Joining fee	Rs 499
Annual fee	Rs 499
Annual spend that waives the fee	Rs 1,00,000
Fee notes	Renewal fee reversed on Rs 1 lakh annual spend.

Rewards

Welcome benefitunverified	500 bonus RP on Rs 1,000 spend within 30 days of issuance; Rs 100 cashback on first ATM withdrawal within 30 days (aggregator)
Reward currency	Reward Points
Base earnunverified	1 RP per Rs 150 on other spends (aggregator; same page also says 1 RP per Rs 100)
Base returnunverified	0.17%
Point valueunverified	4 RP = Rs 1 (Rs 0.25 per RP)
Accelerated earnunverified	10 RP per Rs 150 on dining, movies, departmental stores, groceries
Points expiry	24 months
Milestone benefitsunverified	None beyond renewal-fee reversal at Rs 1 lakh annual spend
Reward notes	base_return_pct = 1 RP per Rs 150 x Rs 0.25 (lower of the two base rates the aggregator page gives; 1 RP per Rs 100 would be 0.25%). Accelerated 10 RP per Rs 150 = 1.67%. Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited.

Travel and perks

Forex markup	3.5%
Fuel surcharge waiverunverified	1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle

Charges and eligibility

Interest per monthunverified	2.75%
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
Eligibilityunverified	Issued against a fixed deposit (secured variant)
Fine-print notes	Benefit fields from a BankBazaar page that contradicts itself on the earn rate (per Rs 150 in one section, per Rs 100 in another) and on network (Visa and Mastercard both mentioned). The welcome offer quoted there may be dated. Secured-card status and the 2.75% finance rate remain unconfirmed; the aggregator quotes 3.75%. Minimum fixed deposit not stated. 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 SimplySAVE Advantage 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 SimplySAVE Advantage SBI Card?: 3.5% of each foreign-currency transaction, before GST.