SBI SimplyCLICK Credit Card – Benefits, Fees & Eligibility

Introduction

The SBI SimplyCLICK Credit Card is a straightforward and essential offering from SBI Card, designed for individuals seeking an entry-level shopping credit card with minimal charges and a competitive reward rate. It is particularly well-suited for online shoppers, providing accelerated reward points across numerous popular brands and platforms. Cardholders can earn 10X Reward Points on online purchases from exclusive partners like Apollo 24×7, BookMyShow, GYFTR, Swiggy, Cleartrip, Domino’s, IGP, Myntra, Netmeds, and Yatra. For other online spends, including Amazon, 5X Reward Points are awarded, while offline purchases earn 1 Reward Point for every ₹100 spent. With an affordable annual membership fee of ₹499, this card also offers the potential to earn gift vouchers worth up to ₹4,000 annually by meeting specific spending requirements. Additionally, the card supports contactless payments and boasts global acceptance.

Welcome Benefits

• Receive an Amazon.in gift card worth ₹500 on payment of the annual fee of ₹499 + taxes.
• The voucher code will be sent to your registered mobile number within 30 days of the joining fee payment.
• The gift voucher is valid for 12 months from its accrual date.

Fees

• Joining Fee (one-time): ₹499 + Taxes/GST
• Renewal Fee (per annum): ₹499 + Taxes/GST, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee is reversed if annual spends for the previous year are ₹1,00,000 or more.
• Add-on Card Fee (per annum): Nil
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5% of the total transaction amount.
• Interest Rates: 3.75% per month (45% annually).
• Fuel Surcharge: 1% fuel surcharge is waived for transactions between ₹500 and ₹3,000 (exclusive of GST, wherever applicable, and all other charges).
  • Maximum surcharge waiver is capped at ₹100 per statement cycle per credit card account.
• Cash Advance Charges: 2.5% of the withdrawal amount, subject to a minimum fee of ₹500.
• All applicable taxes would be charged on all fees, interest, and other charges.

Rewards

• e-Shopping Rewards
  • Earn 10X Reward Points on online spends with exclusive partners: Apollo 24x7, BookMyShow, Cleartrip, Dominos, GYFTR, IGP, Myntra, Netmeds, Swiggy, and Yatra. (Reward rate of 2.5%).
  • Earn 5X Reward Points on all other online spends, including Amazon. (Reward rate of 1.25%).
  • Earn 1 Reward Point per ₹100 on all other offline spends (excluding fuel). (Reward rate of 0.25%).
  • A maximum cap of 10,000 Reward Points per month is applicable on bonus rewards (at 5X or 10X rate).
  • Cleartrip and Yatra transactions made from affiliate channels will not be eligible for 10X Reward Points.
  • No Reward Points are awarded for rent, cash advance, balance transfer, fuel, government transactions, wallet loading, digital gaming, and utility bill payments.
• Milestone Benefits
  • Receive e-vouchers worth ₹2,000 each from Cleartrip/Yatra on reaching annual online spends of ₹1,00,000 and ₹2,00,000 respectively.
  • e-Voucher details will be sent via SMS to the registered mobile number.
• Fuel Surcharge Waiver
  • Enjoy a 1% fuel surcharge waiver for each transaction between ₹500 and ₹3,000 (exclusive of GST and other charges) at any fuel filling station across India.
  • The maximum surcharge waiver is ₹100 per statement cycle per credit card account.
• Annual Fee Reversal
  • Spend ₹1,00,000 in a year and get the annual fee of ₹499 reversed for the subsequent year.
• Contactless Technology
  • Make daily purchases easily by simply waving your card at a secure reader.
  • Offers fast and convenient transactions, eliminating the need to hand over your card or handle cash/coins for small purchases.
  • Provides enhanced security as the card remains in your hand, reducing the risk of loss and fraud due to skimming.
  • A unique security key feature ensures only one transaction goes through even if the card is waved multiple times.
  • Maximum payment of ₹5,000 is allowed per contactless transaction.
• Worldwide Acceptance
  • Your card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
  • Use your card to make payments at any outlet that accepts Visa or MasterCard.
• Add-on Cards
  • Empower your family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards at no additional cost.
• Cash on the Go
  • Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
• Utility Bill Payment Facility
  • Pay your electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
• Balance Transfer on EMI
  • Transfer outstanding balances from other banks’ credit cards to your SBI SimplyCLICK Credit Card to avail a lower interest rate and pay back in easy monthly installments (EMIs).
  • This service can be initiated by logging into sbicard.com with your user ID and password.
• Flexipay
  • Convert any purchase of ₹2,500 or more into easy monthly installments.
  • Log in to sbicard.com within 30 days of purchase to convert transactions into Flexipay.
• Zero Liability Protection
  • You are not liable for any unauthorized or fraudulent transactions made through your card, provided the card has been reported lost or stolen to the card issuer in a timely manner.
• Other Benefits Not Explicitly Stated: This card does not offer specific movie, dining, travel, domestic lounge, international lounge, golf, or insurance benefits.

Rewards Redemption Guide

• Reward Points can be redeemed for various products, gift vouchers, or against your card’s statement balance.
• 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 process:
  • Visit the official website of SBI Card (sbicard.com).
  • Log in to your account using your registered mobile number or card details.
  • Navigate to the 'Rewards' section.
  • Browse through the available products and gift vouchers in the SBI Card’s reward catalog.
  • Select the desired product or voucher.
  • Choose between 'Points Only' (if redeeming solely with points) or 'Points + Pay' (if using partial points and paying the remaining amount).
  • Proceed to complete the redemption process.

Card Eligibility Criteria

• Age: Between 18 and 65 years.
• Income:
  • Salaried Individuals: Minimum monthly income of ₹20,000.
  • Self-employed Individuals: Minimum monthly income of ₹20,000.
• CIBIL Score: A CIBIL score of 750+ is generally required. While it's an entry-level card and can be obtained even with an average score, it helps in building a good credit score with responsible use.
• Documents Required: Applicants will need to complete e-KYC and submit required documents during the application process.

Card Review

The SBI SimplyCLICK Credit Card is an excellent entry-level option, particularly beneficial for individuals who frequently shop online. Its primary strength lies in its accelerated reward program, offering 10X Reward Points on spends with key online partners and 5X on other online purchases. With an annual fee of just ₹499, which is easily reversible upon reaching annual spends of ₹1 lakh, it presents an affordable way to maximize savings on digital transactions. New cardholders also receive a welcome Amazon gift card worth ₹500, effectively offsetting the first year's fee. Furthermore, milestone benefits provide valuable e-vouchers from Cleartrip/Yatra, enhancing its appeal for budget-conscious consumers.

However, potential applicants should note its limitations. The card does not offer complimentary domestic or international lounge access, nor does it provide explicit insurance benefits, making it less suitable for frequent travelers. The options for reward redemption are also considered limited. Despite these drawbacks, for young millennials, first-time cardholders, and those primarily focused on online shopping and basic financial utility, the SimplyCLICK SBI Card offers significant value, aiding in savings and credit score development with responsible use.

Important Product Details

• Welcome Benefit: Amazon.in gift card worth ₹500 on payment of the annual fee.
• Online Shopping Rewards:
  • 10X Reward Points on spends with exclusive online partners: Apollo 24x7, BookMyShow, Cleartrip, Dominos, GYFTR, IGP, Myntra, Netmeds, Swiggy, and Yatra.
  • 5X Reward Points on all other online spends.
  • 1 Reward Point per ₹100 on all offline spends (except fuel).
  • Maximum 10,000 bonus Reward Points per month.
  • Reward Points are not earned on fuel, rent, cash advance, balance transfer, government transactions, wallet loading, digital gaming, and utility bill payments.
• Milestone Benefits: E-vouchers worth ₹2,000 each from Cleartrip/Yatra on achieving annual online spends of ₹1,00,000 and ₹2,00,000.
• Annual Fee: ₹499 + Taxes/GST.
• Annual Fee Waiver: Reversed on annual spends of ₹1,00,000 in the previous year.
• Fuel Surcharge Waiver: 1% waiver on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle.
• Reward Point Value: 1 Reward Point = ₹0.25.
• Reward Point Validity: 2 years (24 months).
• Additional Features:
  • Contactless payment technology for secure transactions up to ₹5,000.
  • Worldwide acceptance (Visa/MasterCard network).
  • Add-on cards available for family members (above 18 years) at no extra cost.
  • Cash withdrawal facility from global ATMs.
  • Easy Bill Pay facility for utilities.
  • Balance Transfer on EMI and Flexipay options for purchases of ₹2,500 or more.
  • Zero Liability Protection for lost/stolen cards reported promptly.
• Key Limitations: No complimentary lounge access, travel, dining, movie, golf, or insurance benefits. Rewards redemption options are relatively limited.
• Interest Rate: 3.75% per month (45% annually).
• Foreign Currency Markup: 3.5%.
• Cash Advance Fee: 2.5% of withdrawal amount (minimum ₹500).

Other Details

• How to Apply for SBI SimplyCLICK Credit Card Online:
  • Click on the "Apply Now" button on the card's webpage.
  • Provide your personal details.
  • Complete your e-KYC process.
  • Submit all required documents.
  • Your application will then be submitted for approval.
• Credit Card Limit:
  • There is no fixed minimum or maximum credit card limit for the SBI SimplyCLICK Credit Card.
  • The credit limit assigned to you is determined by your past payment behavior and credit history.
  • Individuals with a strong credit score may be granted a higher limit.
  • You can request a higher credit limit by contacting customer care or visiting an SBI Card branch, ideally after demonstrating responsible card usage for some time.
  • It is advisable to keep your credit utilization below 30% of your total limit, as higher utilization may negatively impact your credit score.
• Order of Payment Settlement:
  • All payments made for a cardholder account will be settled in the order specified on the SBI Card website.
• Cheque Payments:
  • Cheques payable outside clearing zones are not accepted.
  • Only local cheques or drafts payable in Delhi are accepted for payment.
• Customer Care:
  • Helpline Numbers: Dial 39 02 02 02 (prefix local STD code) or 1860 180 1290 (toll-free), or 1860 500 1290.
  • Email: For queries or complaints, you can write to customercare@sbicard.com.
  • Simply SMS: Get instant information by sending an SMS to 5676791 from your registered mobile number.
• Contact Address:
  • SBI Cards and Payment Services Limited
  • Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034
  • CIN: L65999DL1998PLC093849
• Tools & Services:
  • ATM/Drop box locator to find the nearest payment points.
  • Online facility to track your credit card application status.
• General Information: Your continued use of the card will be deemed as acceptance of any amendments to terms and conditions.