In today’s digital age, online shopping has become an integral part of our lives. Whether it’s booking tickets, ordering meals, or indulging in retail therapy, we find ourselves reaching for our credit cards more often than ever before. Recognizing this trend, SBI Card has introduced the SBI SimplyCLICK Credit Card, a shopping companion designed to cater to the needs of entry-level cardholders.
The SimplyCLICK Credit Card by SBI Card has quickly gained popularity among first-time card users, thanks to its enticing features and benefits. This credit card is tailored to make your online shopping experience more rewarding than ever. With 10x reward points at leading online shopping and travel websites like Cleartrip, Apollo24x7, Netmeds, BookMyShow, Dineout, and Lenskart, it offers an exclusive opportunity to earn while you spend.
While the card previously included Amazon in its 10x Rewards list, it now offers 5x Rewards on Amazon transactions. Nevertheless, it still stands out with 5x rewards on other online spends and 1 reward point per Rs. 100 on all offline purchases, making it a versatile companion for both your online and offline shopping needs.
Priced at an affordable annual membership fee of just Rs. 499, the SimplyCLICK SBI Card does not come with the frills and benefits typically associated with lifestyle or premium credit cards. However, it compensates with an exciting opportunity to earn gift vouchers worth up to Rs. 4,000 each year by reaching the required spend milestone.
In this comprehensive review, we delve deeper into the features and perks of the SBI SimplyCLICK Credit Card. Discover how this entry-level credit card can enhance your online shopping experience and unlock a world of rewards and benefits.
Features & Benefits
- Welcome Benefits: Upon payment of the card membership fee, you receive a generous welcome gift in the form of an Amazon gift voucher worth Rs. 500. Within 30 days, you’ll receive the voucher code on your registered mobile number, valid for 12 months from the accrual date, allowing you to kick-start your shopping spree.
- Milestone Benefits: The SBI SimplyCLICK Credit Card rewards you for your spending milestones. By achieving annual spends of Rs. 1 lakh, you’ll receive an e-voucher valued at Rs. 2,000 from ClearTrip. Additionally, upon reaching annual spends of Rs. 2 lakh, another e-voucher worth Rs. 2,000 from ClearTrip will be yours. These benefits encourage you to make the most of your card and unlock exciting travel experiences.
- Renewal Fee Waiver: If you’ve achieved annual spends of Rs. 1 lakh in the previous year, the renewal membership fee for the SBI SimplyCLICK Credit Card will be waived. This feature provides a great incentive to continue using the card and enjoying its benefits without worrying about additional costs.
- Fuel Surcharge Waiver: Save while you fill up your tank! The SBI SimplyCLICK Credit Card offers a 1% fuel surcharge waiver at fuel filling stations across India for transaction values ranging from Rs. 500 to Rs. 3,000. This means you can enjoy a maximum benefit of Rs. 100 per month on your fuel expenses, making every journey a little more cost-effective.
- Zero Liability Protection: Your peace of mind is a priority. With the SBI SimplyCLICK Credit Card, you benefit from zero liability protection. In the unfortunate event of your card being lost or stolen, promptly reporting it to the card issuer ensures that you will not be held liable for any unauthorized or fraudulent transactions made using your card. This added layer of security offers you financial protection and reassurance.
SimplyCLICK SBI Credit Card Rewards
- Reward Points on Offline Spends: Every time you use your SimplyCLICK SBI Credit Card for offline purchases, you earn 1 reward point for every Rs. 100 spent. This translates to a reward rate of 0.25%, allowing you to accumulate points while making your everyday purchases.
- 10X Reward Points on Partner Merchant Online Purchases: When you shop online at partner merchants such as Cleartrip, BookMyShow, Dineout, Lenskart, Apollo24x7, and Netmeds, your SimplyCLICK SBI Credit Card becomes even more rewarding. With 10X reward points, you earn 10 points for every Rs. 100 spent. This enticing feature offers a high reward rate of 2.5%, allowing you to earn points quickly on your online shopping adventures.
- Exclusions for 10X Reward Points: While the 10X reward points benefit applies to various online purchases, it is important to note that it is not applicable to gift card purchases, utility bill payments, and recharge on Amazon. However, you can still enjoy the benefits of this feature on a wide range of eligible online transactions.
- 5X Reward Points on Other Online Spends: The SimplyCLICK SBI Credit Card ensures that all your online transactions are rewarded. For every other online purchase not covered by the partner merchants, you earn 5X reward points, equivalent to 5 points for every Rs. 100 spent. This rewards you with a competitive reward rate of 1.25% on your online expenditures.
- Monthly Cap on Bonus Reward Points: To maintain fairness and manageability, there is a maximum cap of 10,000 reward points per month applicable to the bonus reward points earned at the 5X or 10X rate for online spends. This ensures that you can still earn a significant number of points while managing your monthly spending.
Eligibility Criteria
To be eligible for the SBI SimplyCLICK Credit Card, you need to meet specific criteria that ensure a smooth approval process. Factors such as age, income, and credit score play a vital role in determining your eligibility for this credit card. Here are the key eligibility criteria for the SimplyCLICK SBI Credit Card:
- Age: The age requirement for the SimplyCLICK SBI Credit Card is between 18 years and 65 years. Applicants must fall within this age range to be considered eligible for the card.
- Income: For salaried individuals, the minimum monthly income requirement is Rs. 20,000. It is important to have a consistent and verifiable income source to meet this criterion. Self-employed individuals should have a minimum monthly income of Rs. 20,000 as per their Income Tax Return (ITR).
- Credit Score: While not explicitly mentioned in the provided content, it is worth noting that a good credit score is generally a crucial factor for credit card approval. A healthy credit history and score demonstrate responsible financial behavior and increase the likelihood of being approved for the SimplyCLICK SBI Credit Card. It is advisable to maintain a good credit score by making timely payments and managing your credit obligations responsibly.
SBI SimplyCLICK Credit Card Fees and Charges
- Annual Fee: The SBI SimplyCLICK Credit Card comes with an annual fee of Rs. 499, plus applicable taxes. However, you have the opportunity to have the annual fee waived off starting from the second year by spending Rs. 1 lakh or more in the previous anniversary year. This incentivizes cardholders to maximize their spending and enjoy the benefits of the card without incurring an annual fee.
- Interest Rate: The interest rate on the SimplyCLICK SBI Credit Card is 3.5% per month, which translates to an annual rate of 42%. It’s important to manage your outstanding balances and make timely payments to avoid incurring high interest charges.
- Foreign Currency Markup Fee: When you make transactions in a foreign currency using your SBI SimplyCLICK Credit Card, a foreign currency markup fee of 3.5% of the total transaction amount is applicable. This fee covers the conversion and processing costs associated with international transactions. It’s essential to consider this fee when using your card for overseas purchases.
- Cash Advance Fee: If you need to withdraw cash using your SBI SimplyCLICK Credit Card, a cash advance fee of 2.5% of the transaction amount is charged, subject to a minimum fee of Rs. 500. It’s important to note that cash advances typically attract higher interest rates compared to regular purchases, so it’s advisable to use this feature sparingly and prioritize timely repayment.
How To Apply?
Applying for the SBI SimplyCLICK Credit Card is a hassle-free process that can be done online from the comfort of your own home. Follow these simple steps to apply for the card online:
- Click on the Apply Now button: Visit the SBI Card website and locate the “Apply Now” button at the top of the page. This will initiate the application process.
- Select SimplyCLICK SBI Card: On the application page, you will find a list of SBI credit cards. Locate the SimplyCLICK SBI Card from the options provided and click on “Apply Now” next to it. This ensures that you are applying specifically for the SimplyCLICK Credit Card.
- Enter Required Details: Fill in the required details accurately and completely in the online application form. Provide information such as your personal details, contact information, employment details, and income information. Take your time to ensure the accuracy of the provided information.
- Proceed with the Application: Once you have entered all the required details, carefully review the information you have provided. Make any necessary corrections or adjustments. When you are satisfied, proceed further with the application process.
- Receive Application Number: After submitting your application, an application number will be generated and sent to your registered mobile number. This number serves as a reference for your application and can be used for any future correspondence with SBI Card.
SBI SimplyCLICK Credit Card Activation & PIN Generation
Activating your SBI SimplyCLICK Credit Card and generating a Personal Identification Number (PIN) is a crucial step to ensure its proper functioning and security. Here are the different methods available for activating your card and generating the PIN:
- ATM Activation: Visit your nearest SBI ATM and look for the option to generate a credit card PIN in the main menu. Follow the on-screen prompts and instructions to generate or change your SimplyCLICK SBI Card PIN. This method provides a convenient and quick way to activate your card and set up a secure PIN.
- Internet Banking or Mobile App: Utilize the power of digital banking by logging in to your SBI internet banking account or accessing the SBI Card mobile app. Once logged in, navigate to the relevant section or option dedicated to credit card management. Here, you will find an option to generate the PIN for your SimplyCLICK Credit Card. Follow the provided instructions to complete the activation and PIN generation process seamlessly.
- Customer Care Assistance: In case you encounter any difficulties or are unable to generate your credit card PIN through the above methods, you can reach out to the SBI card customer care helpline. Contact their dedicated support team, explain your situation, and they will guide you through the PIN generation process. Their assistance ensures that you can activate your SimplyCLICK SBI Card and set up a PIN successfully.
Pros and Cons of SBI SimplyCLICK Credit Card
Understanding the advantages and disadvantages of the SBI SimplyCLICK Credit Card is essential in evaluating its suitability for your financial needs and preferences. Here are the key pros and cons of having this credit card:
Pros
- Attractive Reward Rate: The SimplyCLICK SBI Credit Card offers a highly competitive reward rate on various popular online shopping brands. This makes it an excellent choice for individuals who frequently indulge in online shopping, allowing them to earn significant reward points and maximize their savings.
- Affordable Annual Fee: With an annual fee of just Rs. 500, the SimplyCLICK Credit Card offers an affordable option for cardholders. This lower fee helps in reducing the overall cost of ownership, making it accessible to a wide range of individuals.
- Fee Waiver Benefit: The card provides an opportunity to waive off the annual fee by spending Rs. 1 lakh or more in the previous year. This feature incentivizes cardholders to make use of the card and enjoy its benefits without incurring the annual fee.
- Flexible Reward Redemption: Reward Points earned through the SimplyCLICK Credit Card can be redeemed against the outstanding balance on the card. This flexibility allows cardholders to offset their expenses using their accumulated rewards, providing additional financial convenience.
Cons
- No Complimentary Lounge Access: The SimplyCLICK Credit Card does not offer complimentary lounge access, which may be a drawback for frequent travelers who value access to airport lounges as a premium benefit.
- Limited Reward Redemption Options: While the card provides reward points, the options for redeeming these points may be limited. Cardholders may find fewer options for reward redemption compared to other cards in the market.
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FAQs
What are the eligibility criteria for the SimplyCLICK SBI Credit Card?
The eligibility criteria for the SimplyCLICK SBI Credit Card include being a salaried individual aged between 18 and 65 years, with a monthly income of Rs. 20,000. Self-employed individuals need to have a monthly income of Rs. 20,000 as per Income Tax Returns (ITR).
How can I generate or change the PIN for my SimplyCLICK Credit Card?
You can generate or change the PIN for your SimplyCLICK Credit Card through an ATM, internet banking, or the SBI Card mobile app. Visit an SBI ATM to generate the PIN, or use the internet banking platform or mobile app to generate it digitally. If you face any difficulties, contact the SBI card customer care for assistance.
Can I redeem the Reward Points against my outstanding balance?
Yes, you can redeem the Reward Points earned with the SimplyCLICK SBI Card against your outstanding balance. This offers the flexibility to offset your expenses using the accumulated rewards.
Is there an annual fee for the SBI SimplyCLICK Credit Card?
Yes, the annual fee for the card is Rs. 499 plus applicable taxes.
However, the annual fee can be waived off from the second year by spending Rs. 1 lakh or more in the previous anniversary year.
Conclusion
The SBI SimplyCLICK Credit Card presents itself as a promising choice, especially for individuals who frequently shop online. With its attractive reward rate and affordable annual fee, this credit card offers a valuable opportunity to earn reward points on popular online shopping brands. The ability to waive off the annual fee by meeting a spending milestone further enhances its appeal.
However, it is important to note that the card may not be suitable for frequent travelers seeking complimentary lounge access. Additionally, the options for reward redemption may be somewhat limited compared to other cards in the market.
Ultimately, the SBI SimplyCLICK Credit Card provides a balance between affordability and rewards, allowing cardholders to make the most of their online shopping experiences. It is crucial for potential applicants to carefully consider their spending habits, lifestyle, and preferences to determine if this card aligns with their financial needs.
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