SBI SimplyCLICK Credit Card Review: The SBI SimplyCLICK Credit Card is one of the most preferred options among those who love online shopping. An entry-level credit card with tremendous chances for earning rewards and benefits, it is built to ensure maximum reward value for online purchases for novice users seeking out the best in value. Yet, here is an extensive review of the card features, fees, and eligibility requirements.
Key Features and Benefits
1. Accelerated Rewards
- Earn 10X reward points on online spending with exclusive partners like BookMyShow, Cleartrip, Myntra, Apollo 24X7, Swiggy, Dominos, and Yatra.
- Earn 5X reward points on other online purchases (excluding 10X partners).
- You earn 1 reward point for every ₹100 spent in offline transactions.
Every reward point is worth ₹0.25, so it is a great card for those who make frequent online transactions.
2. Milestone Rewards
Achieve annual spending targets and enjoy additional benefits:
- Spend ₹1 Lakh annually to get a ₹2000 e-gift voucher from Cleartrip or Yatra.
- Spend ₹2 Lakhs annually for an additional ₹2000 e-gift voucher.
3. Fuel Surcharge Waiver
- Enjoy a 1% waiver on fuel transactions between ₹500 and ₹3000, with a maximum waiver of ₹100 per billing cycle.
4. Welcome Offer
- Get a ₹500 Amazon e-gift card upon paying the joining fee.
Eligibility Criteria
While SBI doesn’t specify the criteria for SimplyCLICK on its website, here are the general requirements:
- Credit Score: 750 or above.
- Occupation: Salaried or self-employed.
- Income Requirements:
- Salaried: ₹20,000/month or more.
- Self-employed: ₹30,000/month or more.
Fees and Charges
Fee Type | Details |
---|---|
Joining Fee | ₹499 + GST (₹589 approx.) |
Annual Fee | ₹499 + GST (₹589 approx.) |
Annual Fee Waiver | Waived on spending ₹1 Lakh annually. |
Reward Redemption Fee | ₹99 + GST |
Forex Markup Fee | 3.5% + GST (~4.1%) |
Interest Charges | 3.5% per month |
Rewards Structure
Category | Reward Rate | Return Value |
---|---|---|
Online Spends (10X) | 10 RP/₹100 | 2.5% |
Online Spends (Non-Partner) | 5 RP/₹100 | 1.25% |
Offline Spends | 1 RP/₹100 | 0.25% |
Fuel, Rent, Government | No Rewards | N/A |
Monthly Caps on Rewards:
- 10X Rewards: Maximum 10,000 reward points/month.
- 5X Rewards: Maximum 10,000 reward points/month.
Pros and Cons
Pros
- High Rewards for Online Spends: Up to 4.5% return with milestone rewards.
- Affordable Fee Waiver: Spend ₹1 Lakh annually to waive the fee.
- Welcome Benefit: ₹500 Amazon gift card on joining.
Cons
- No Statement Credit Option: Rewards can only be redeemed for Cleartrip or Yatra e-vouchers.
- Low Offline Rewards: Only 0.25% return on offline transactions.
- No Airport Lounge Access: Neither domestic nor international lounges are covered.
Why Choose SBI SimplyCLICK Credit Card?
This card is great for online shoppers who want to maximize rewards. It delivers significant value with its accelerated reward structure, milestone benefits, and fuel surcharge waiver. However, it lacks versatility for offline or travel-centric users.
If you need a higher cash back, then look for the SBI Cashback Credit Card or the Axis Bank Ace Credit Card. They would give you up to 2% rewards on all spends. If you travel much, look for cards that come with lounge access.
Final Thoughts / SBI SimplyCLICK Credit Card Review:
This SBI SimplyCLICK credit card is a good one to go for those beginners, who shop online and its cost-effectiveness, the easy waiver of fees, and rewarding features make it a practical one. However, premium and offline shopping rewards are some kind of benefits that can also be obtained through other cards.
Well, this card has something that balances simplicity and worth.
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.