Karnataka Bank SimplySAVE SBI Card
About Karnataka Bank SimplySAVE SBI Card
Karnataka Bank SimplySAVE SBI Card by Karnataka Bank is engineered for consumers looking for solid rewards on day-to-day transactions with clear fee recovery milestones.
Rewards and Benefits
Verified privileges, welcome benefits, movie discounts, and airport lounge schedules.
| Category | Details & Conditions |
|---|---|
| š½ļøMovie & Dining | Discounts and partner offers on leading dining apps and movie booking platforms. |
| ā”Rewards Rate | 1-2% return on retail spends |
| š°Reward Redemption | Redeemable for vouchers, merchandise, and air miles via bank rewards portal |
| āļøTravel | N/A |
| šļøDomestic Lounge Access | N/A |
| šInternational Lounge Access | N/A |
| ā³Golf | N/A |
| š”ļøInsurance Benefits | Complimentary lost card liability and fraud protection |
Fees & Charges
Transparent schedule of annual charges, spend-based reversals, finance APR, and cash advance rates.
| Fee / Charge | Amount & Conditions |
|---|---|
| Spend-Based Waiver | Annual Charges Waived on Spends of ā¹1,00,000 or MoreSpend target in anniversary year to reverse renewal fee. |
| Interest Rates / Finance Charges | 3.75% Per Month (45.00% Annually)Standard finance charge applicable on revolving retail balances and ATM cash advances until complete settlement. |
| Late Payment Charges | Nil (Up to ā¹100), ā¹100 (ā¹101āā¹500), ā¹500 (ā¹501āā¹1,000), ā¹750 (ā¹1,001āā¹10,000), ā¹950 (ā¹10,001āā¹25,000), ā¹1,100 (ā¹25,001āā¹50,000), ā¹1,300 (Above ā¹50,000)Tiered late payment charge based on total amount due. Additional ā¹100 charged if Minimum Amount Due (MAD) is unpaid for 2 or more consecutive billing cycles. |
| Foreign Currency Markup | 3.50% + GSTStandard cross-currency conversion fee applicable on overseas transactions and foreign currency billing. |
| Dynamic Currency Conversion (DCC) | 1.00% + GST Markup FeeApplicable on transactions conducted in Indian Rupees (INR) at overseas merchants or international payment gateways. |
| Rewards Redemption Fee | ā¹99 + GST per redemption requestApplicable on gift voucher, merchandise, or statement redemptions through the SBI Card app or portal. |
| Fuel Surcharge Waiver | 1% Fuel surcharge waiver on transactions between ā¹500 and ā¹4,000 (Max ā¹100āā¹250/cycle)Surcharge waiver excludes GST. Valid across all petrol pumps in India. |
| Cash Advance Charges | 2.5% of transaction amount or ā¹500 (whichever is higher)Domestic & International ATMs. Finance charge of 3.75% / 1.99% p.m. applies from the date of withdrawal until full payment. |
| Overlimit Charges | 2.5% of Overlimit Amount (Min ā¹600)Applicable if retail or merchant transactions exceed the sanctioned credit limit (subject to cardholder overlimit consent). |
| Rental Transaction Surcharge | ā¹99 + GST per rental transactionProcessing fee charged on all house, commercial, and flat rent payment transactions. |
| Utility Payments Surcharge | 1% + GST on payments >ā¹50,000 per billing cycleApplicable on cumulative utility bill payments (electricity, gas, water) exceeding ā¹50,000 in a single billing cycle. |
| Third-Party Education Fee Surcharge | 1% + GST on payments via third-party appsApplicable on school/college fee payments made via third-party apps (CRED, Cheq, Paytm, etc.). Nil fee on direct school/college website or POS transactions. |
| Payment Dishonour / Bounce Charges | 2% of payment amount (Min ā¹500, Max ā¹1,200)Charged if cheque, NACH, ECS, or auto-debit instruction towards credit card payment is dishonoured or bounced. |
| Card Replacement Fee | ā¹100 to ā¹250 + GSTStandard physical card re-issuance fee for damaged, lost, or compromised cards. |
| Cash Payment at SBI Branch | ā¹250 + GST per transactionService fee levied for paying credit card bill over the counter via physical cash at State Bank of India branches. |
Product Details
Pros & Cons
Karnataka Bank SimplySAVE SBI Card Features and Benefits
Comprehensive overview of welcome benefits, quarterly spend bonuses, dining privileges, and renewal fee waiver milestones.
Welcome & Activation Benefit
Cardholders receive bonus welcome points or partner discount vouchers upon card setup and fee realization.
Accelerated Rewards Framework
Earn high multiplier reward returns on target spending categories such as dining, e-commerce, and travel.
Fuel Surcharge Waiver
1% fuel surcharge reversed on eligible transactions between ā¹400 and ā¹4,000 at all fuel pumps across India.
Milestone Spend Reversals
Annual Charges Waived on Spends of ā¹1,00,000 or More
Karnataka Bank SimplySAVE SBI Card Rewards Structure
Transactions made using this card earn reward points redeemable via the bank rewards portal.
Value of CashPoints / Points on Redemption
Comparative monetary conversion rates across cashback, flight tickets, product catalog, and airline miles.
| Redemption Option | Monetary Value (per Point) | Notes |
|---|---|---|
| Statement Credit / Cash Voucher | ā¹0.20 to ā¹0.25 | Direct balance adjustment or popular shopping vouchers |
| Travel Bookings & AirMiles | ā¹0.25 to ā¹0.50 | Flight tickets and hotel reservations via bank portal |
Exclusions on Rewards Points / Cashback
In compliance with regulatory terms, the following spending categories are not eligible to earn reward points:
Eligibility Criteria for Karnataka Bank SimplySAVE SBI Card
The following table illustrates the income-based and age-based underwriting criteria:
| Criteria | Salaried Employees | Self-Employed Individuals |
|---|---|---|
| Age | 21 ā 60 Years | 21 ā 65 Years |
| Income Proof | Minimum ā¹25,000 Per Month | Minimum ā¹3,60,000 Per Annum |
| Credit Score (CIBIL) | 720+ recommended | |
How to Apply for Karnataka Bank SimplySAVE SBI Card
Simple 4-step digital application process directly on the official issuer portal:
Check Eligibility
Click "Apply Now" to open the official bank application portal.
Enter Details
Provide your mobile number, PAN, and employment information.
Complete Video KYC
Verify your identity via paperless Aadhaar OTP or a quick 2-minute Video KYC.
Receive Card
Get instant virtual card access and physical card delivery within 5-7 working days.
CardIntel Score v1.1
Objective Card Quality Breakdown
CardIntel Score v1.1 measures structural card quality against a fixed ā¹6 lakh annual benchmark. It evaluates 9 factors including Net Ownership ROI, without affiliate commission, editorial preference, or card slug heuristics.
0.81% effective benchmark return
Zero ownership cost with moderate net return
No monthly or category ceilings
Rewards Catalogue
Domestic (0/5) + Intl (0/3) + Terms (0/2)
3.5% forex markup
Open retail availability
0 benefit pillars qualified
Zero material reward conditions (7/7 pts)
Why this score?
Solid net ownership ROI, unrestricted reward cap headroom and broad consumer accessibility. The score is reduced by the lounge access terms, forex markup and restricted redemption options.
You need to spend at least ā¹59,500 per year (ā¹4,958/mo) on this card to fully recover its annual fee.
4-Layer Financial Intelligence
Card Economics & Net ROI
Evaluating real economic return after accounting for benchmark spending (ā¹6,00,000/yr), effective annual fee, and verified category caps.
Calculate Your Real Returns
What You'll Actually Earn
Calculated using CardIntel's deterministic reward rules, fee waivers, and merchant accelerated caps.
Frequently Asked Questions (FAQs)
Official guidance on applications, reward redemptions, credit limit assignments, and customer support.
You can apply online via the official Karnataka Bank web portal or mobile app. You will need your PAN, Aadhaar for digital KYC, and salary slips or ITR.
Verified Bank MITC Provenance
All reward percentages, exclusions, and annual fee waiver rules for Karnataka Bank SimplySAVE SBI Card are verified directly against official bank regulatory filings and Most Important Terms and Conditions (MITC).
CardIntel may earn referral fees from eligible application links. These fees never influence CardIntel Scores, rankings, or recommendations.
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