Would you recommend the SBI SimplySAVE Credit Card for someone looking to maximize rewards on everyday purchases, and what should I know before applying? I’ve seen good reviews, but I’m not sure if it’s the right card for me.
I’d say the SBI SimplySAVE Credit Card is a great option if you’re someone who spends a lot on daily essentials like dining, groceries, and entertainment. The 10X reward points on those categories are definitely a standout feature, and if you’re able to spend around ₹1 lakh in a year, the annual fee of ₹499 is waived, which makes it a pretty affordable card in the long run.
For someone who’s looking to earn rewards without dealing with a complicated set of benefits or high fees, this card does the job well. Plus, if you’re someone who tends to make small purchases or uses your card for routine spending, the reward points can add up quickly, making it an attractive option for earning value on the things you’re already buying.
That being said, I wouldn’t recommend this card if you’re expecting premium perks like lounge access, travel insurance, or extra rewards on online shopping. Those kinds of benefits are generally reserved for higher-tier cards. If you’re planning to use your card for international travel, the 3.5% foreign currency markup fee could also be a dealbreaker if you’re making regular international purchases.
Also, if you carry a balance from month to month, the interest rates are pretty steep (3.5% monthly), and the processing fee for redeeming points can feel like a small annoyance if you’re cashing in rewards regularly.
So, if you’re someone who wants a straightforward card with good rewards on everyday spending and doesn’t need all the extra frills, this could be a great choice. But if you’re looking for something with more travel benefits or low-interest charges, you might want to consider other cards.