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

Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.

Does the SimplySAVE UPI SBI Card give airport lounge access?

No lounge access is listed for this card.

What is the forex markup on the SimplySAVE UPI SBI Card?

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

Which spends earn no rewards on the SimplySAVE UPI SBI Card?

Cash advance, balance transfer, Encash, Flexipay, fuel, rent (MCC 6513), government (MCC 9399, 9311), digital gaming (MCC 5816, 7993, 7994)

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

entry · rewards, upi

SimplySAVE UPI SBI Card

State Bank of India (SBI Card)RuPayLast checked 31 Oct 2026

The SimplySAVE UPI 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). Accelerated earn: 10 RP per Rs 150 on movies, dining, groceries, departmental stores. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 31 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

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	2,000 RP (about Rs 500) on Rs 2,000 spend within 60 days
Reward currency	Reward Points
Base earnunverified	1 RP per Rs 150
Base returnunverified	0.17%
Point valueunverified	1 RP = Rs 0.25
Accelerated earnunverified	10 RP per Rs 150 on movies, dining, groceries, departmental stores
Capsunverified	5,000 accelerated points per month
Spends that earn nothing	Cash advance, balance transfer, Encash, Flexipay, fuel, rent (MCC 6513), government (MCC 9399, 9311), digital gaming (MCC 5816, 7993, 7994)
Points expiry	24 months
Milestone benefitsunverified	None
Reward notes	base_return_pct = 1 RP per Rs 150 x Rs 0.25; accelerated about 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

Domestic loungeunverified	None
International loungeunverified	None
Forex markup	3.5%
Fuel surcharge waiver	1% on fuel txns Rs 500-3,000, cap Rs 100 per month; no reversal on UPI transactions
Other freebiesunverified	None

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
Eligibilityunverified	Age 18-65 salaried / 21-65 self-employed; income about Rs 20,000/month (aggregator)
Fine-print notes	Issuer product page is script-rendered and returned no card content to the fetcher; fees, forex, interest and penalty fields are from the issuer MITC/KFS, benefit fields from the aggregator page listed. The issuer's RuPay-on-UPI T&C link was found but not opened. 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 UPI SBI Card?: Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
Does the SimplySAVE UPI SBI Card give airport lounge access?: No lounge access is listed for this card.
What is the forex markup on the SimplySAVE UPI SBI Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the SimplySAVE UPI SBI Card?: Cash advance, balance transfer, Encash, Flexipay, fuel, rent (MCC 6513), government (MCC 9399, 9311), digital gaming (MCC 5816, 7993, 7994)