SBI SimplyCLICK Credit Card – Benefits, Fees & Eligibility

Introduction

The SBI SimplyCLICK Credit Card is an entry-level offering from SBI Card, primarily positioned for individuals seeking a straightforward shopping credit card with minimal charges and a decent reward rate, especially for online purchases. It is well-suited for those who frequently shop online and want to leverage accelerated reward points across popular brands and platforms. Key differentiating benefits include 10X Reward Points on partner brands, an Amazon gift card as a welcome benefit, and the opportunity to earn gift vouchers worth up to ₹4,000 annually through milestone spends.

Welcome Benefits

• Get an Amazon.in e-Gift Card worth ₹500 upon payment of the Annual Fee.
• The voucher code will be sent to your registered mobile number within 30 days of the payment of the joining fee.
• The gift voucher will be valid for 12 months from the accrual date.

Fees

• Joining Fee: ₹499 + applicable taxes (GST).
• Renewal Fee: ₹499 + applicable taxes (GST) from the second year onwards.
• Spend-Based Waiver: The annual renewal fee is waived if annual spends for the previous year are ₹1,00,000 or more.
• Rewards Redemption Fee: ₹99 + GST.
• Foreign Currency Markup: 3.5% of the total transaction amount.
• Interest Rates: 3.75% Per Month (45% Yearly).
• Fuel Surcharge: 1% fuel surcharge waived on fuel transactions between ₹500 and ₹3,000 at all petrol pumps across India. The maximum waiver is capped at ₹100 per statement cycle, per credit card account.
• Cash Advance Charges: 2.5% of the withdrawal amount or a minimum fee of ₹500.
• Add-on Card Fee: Nil.

Rewards

• Reward Type: Reward Points.
• Accelerated Rewards on Partner Brands: Earn 10X Reward Points per ₹100 on online purchases at exclusive partner merchants, including Apollo 24×7, BookMyShow, Cleartrip, Dominos, IGP, Myntra, Netmeds, Swiggy, Yatra, Gyftr, and Tata Cliq (reward rate of 2.5%).
• Online Spends: Earn 5X Reward Points on all other online spends (reward rate of 1.25%).
• Offline Spends: Earn 1 Reward Point per ₹100 on all other offline spends (reward rate of 0.25%).
• Reward Point Cap: A maximum cap of 10,000 Reward Points per month is applicable on the Bonus (at 5X or 10X rate).
• Milestone Benefits:
  • Receive an e-voucher valued at ₹2,000 from ClearTrip/Yatra on achieving annual online spends of ₹1,00,000 with the card.
  • Receive another e-voucher valued at ₹2,000 from ClearTrip/Yatra on achieving annual online spends of ₹2,00,000 with the card.
  • This allows for earning gift vouchers worth up to ₹4,000 per year.
• Exclusions: No Reward Points shall be awarded for rent, cash advance, balance transfer, fuel, government transactions, wallet loading, digital gaming, and utility bill payments. Cleartrip and Yatra transactions done from affiliate channels will not be eligible for 10X Reward Points.

Rewards Redemption Guide

• Reward Points can be redeemed for vouchers, statement credit, and more.
• The value of 1 Reward Point is ₹0.25.
• Reward Points earned are valid for a period of 2 years (24 months).
• Step-by-step redemption procedure:
  • Visit the official website of SBI Card and log in to your account.
  • Click on the 'Rewards' option.
  • Browse through the available products and gift vouchers in the SBI Card’s reward catalog.
  • Select a product or voucher against which you want to redeem your points.
  • Choose the 'Points Only' option if you are using only points to buy it, or 'Points + Pay' if you are buying it with partial points and paying the remaining amount.
  • Proceed to redeem your points.

Card Eligibility Criteria

• Age: 18 – 65 Years (for both Salaried and Self-employed individuals).
• Income: ₹20,000 Monthly (for both Salaried and Self-employed individuals).
• A CIBIL score of 750+ is generally required.

Card Review

The SBI SimplyCLICK Credit Card is an excellent entry-level option, particularly for young millennials and individuals who frequently shop online. Its low annual fee and accelerated reward points on popular e-commerce platforms make it a highly rewarding choice for online shoppers. It also serves as a good card for first-time cardholders looking to build a credit history responsibly.

Pros

• Offers an excellent reward rate on several online shopping brands, making it ideal for frequent online shoppers.
• Comes with an affordable annual fee of ₹499.
• The annual fee can be easily waived by spending ₹1 lakh in the previous year.
• Includes a welcome voucher worth ₹500 from Amazon.
• Provides milestone vouchers worth up to ₹4,000 annually on achieving spend targets.

Cons

• Does not offer complimentary domestic or international lounge access, making it unsuitable for frequent travelers.
• Lacks insurance benefits.
• While statement credit and vouchers are available, some users might find the options for reward redemption limited compared to premium cards.

Important Product Details

• Welcome benefit of an Amazon gift voucher worth ₹500.
• E-vouchers from ClearTrip/Yatra worth ₹2,000 each on annual online spending of ₹1,00,000 and ₹2,00,000 respectively.
• 10X Reward Points on online spending at partner merchants (Apollo 24×7, BookMyShow, Cleartrip, Dominos, IGP, Myntra, Netmeds, Swiggy, Yatra, Gyftr, and Tata Cliq).
• 5X Reward Points on all other online spends.
• 1 Reward Point per ₹100 on all offline spends (except fuel).
• Annual fee waiver of ₹499 on yearly spending of ₹1,00,000.
• 1% fuel surcharge waiver for fuel purchases between ₹500 and ₹3,000 (max waiver capped at ₹100 per month/statement cycle).
• Enables contactless payments (Tap & Pay) for fast, convenient, and secure transactions.
• Accepted globally at over 24 million outlets, including 3,25,000 in India, and at any outlet that accepts Visa/MasterCard.
• Allows cash withdrawals from over 1 million Visa or MasterCard ATMs across the globe.
• Provides Zero Liability Protection, meaning the cardholder is not liable for unauthorized/fraudulent transactions if the card is reported lost/stolen in a timely manner.
• Offers Flexipay EMI facility to convert eligible purchases of ₹2,500 or more into easy monthly EMIs.
• Add-on cards are available for family members (parents, spouse, children, or siblings above 18 years of age).
• Includes an Easy Bill Pay facility for utility bill payments (electricity, telephone, mobile, etc.).
• Allows Balance Transfer on EMI to transfer outstanding balances from other banks’ credit cards to the SimplyCLICK SBI Card at a lower interest rate.

Other Details

• Customer Care:
  • Email: customercare@sbicard.com
  • Helpline numbers: 1800 180 1290 (toll-free), 1860 500 1290, 1860 180 1290, or 39 02 02 02 (prefix your city STD code).
• Application Process: Can be applied for online via the SBI Card website, chatbot ILA, SBI Card Helpline, or by visiting the nearest SBI branch.
• Credit Limit: The credit limit is not fixed and depends on the applicant's past payment behavior and credit history. Individuals with a good credit score may receive a higher limit. Cardholders can request a higher limit after using the card wisely for some time.
• Credit Score Management: To maintain a good credit score, it is advised to make credit card bill payments on time and try not to use more than 30% of the credit limit.
• Terms & Conditions: Detailed Terms & Conditions are available for welcome gifts, reward points, and milestone benefits on the SBI Card website.