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Sbi Simply Save Credit Card Reward Points Calculator

Reviewed by Calculator Editorial Team

The SBI Simply Save credit card offers reward points that can be redeemed for various benefits. This calculator helps you determine how many reward points you'll earn based on your spending and the card's reward structure.

How the SBI Simply Save Reward Points Work

The SBI Simply Save credit card offers reward points that can be accumulated through various spending categories. These points can be redeemed for travel, dining, shopping, and more. The card typically offers:

  • 1 reward point for every ₹100 spent on fuel purchases
  • 1 reward point for every ₹150 spent on groceries
  • 1 reward point for every ₹200 spent on other categories

Points can be redeemed at a rate of 1 point = ₹1, with a minimum redemption value of ₹500. The points expire after 12 months if not redeemed.

Important Notes

Reward points are calculated based on the actual amount spent, not the bill amount. Points are credited within 7-10 business days. Some categories may have additional terms and conditions.

How to Calculate Your Reward Points

To calculate your potential reward points, you need to know:

  1. Your total spending amount for the month
  2. The spending category (fuel, groceries, or other)
  3. The current reward rate for that category

The basic formula is:

Reward Points = (Total Spending / Reward Rate) × Points per ₹1

Where Points per ₹1 is typically 1 for most categories.

For example, if you spend ₹10,000 on groceries, your reward points would be (10,000 / 150) × 1 = 66.67 points, which would round to 66 points.

The Formula Explained

The calculation is straightforward but requires careful attention to the spending category and reward rates. Here's the detailed breakdown:

  1. Identify your total spending amount for the month
  2. Determine the spending category (fuel, groceries, or other)
  3. Apply the appropriate reward rate for that category
  4. Multiply the result by the points per ₹1 (usually 1)
  5. Round down to the nearest whole number
Category Reward Rate (₹ per point) Example
Fuel ₹100 ₹1,000 spent = 10 points
Groceries ₹150 ₹1,500 spent = 10 points
Other ₹200 ₹2,000 spent = 10 points

Worked Example

Let's calculate the reward points for a sample spending pattern:

  • Fuel purchases: ₹5,000
  • Groceries: ₹3,000
  • Other purchases: ₹7,000

Calculations:

  1. Fuel: (5,000 / 100) × 1 = 50 points
  2. Groceries: (3,000 / 150) × 1 = 20 points
  3. Other: (7,000 / 200) × 1 = 35 points

Total reward points: 50 + 20 + 35 = 105 points

This means you would earn 105 reward points for this month's spending, which can be redeemed for ₹105 worth of benefits.

Frequently Asked Questions

How do I redeem my SBI Simply Save reward points?

You can redeem your points through the SBI Simply Save app or website. Points can be redeemed for travel bookings, dining vouchers, shopping discounts, and more. The redemption options vary based on your location and available partners.

Do reward points expire?

Yes, reward points typically expire after 12 months if not redeemed. Make sure to check your account regularly to avoid losing unused points.

Are there any fees for using the SBI Simply Save card?

The SBI Simply Save card typically has an annual fee, which varies based on the card variant. There may also be foreign transaction fees and other charges depending on the specific card you hold.

Can I transfer my reward points to another account?

No, reward points are typically non-transferable and can only be redeemed through the SBI Simply Save program. They cannot be transferred to other accounts or credit cards.

How do I check my current reward points balance?

You can check your reward points balance through the SBI Simply Save app, website, or by contacting customer support. The balance is usually updated within 7-10 business days after transactions are processed.