The SimplyClick Credit Card by SBI is ideal for those who simply love to shop be it online shopping or physical shopping. The card charges an annual fee of Rs 499, which makes it look attractive. The card also offers a number of features and attractive deals from popular online stores such as Cleartrip, MakeMyTrip, Flipkart, and Amazon to name few. Looking at the features that the card offers and the fee it charges for that, this card looks attractive for those who want to experience their first credit card.
- Joining Gift voucher
- Decent rewards and offers
- Low Fees
- Fuel Surcharge Waiver
- Slightly higher Interest rates
- No dining benefits
- Welcome gift voucher worth Rs 500 from Amazon
- Earn 10X Rewards when SBI Card is used on various e-commerce platforms such as Amazon, book my show, zoom car and much more.
- Earn 5x rewards points for every Rs 100 spent on other e-commerce platforms
- Reward rate ranges from 0.25% - 2.5%
- Get an e-voucher worth Rs 2000 if you make bookings greater than 1 lac through Cleartrip
- Annual fee reversal on spends of Rs. 1 lac or more
- Accepted in over 24 million outlets globally including 325,000 outlets in India
|Measure||Rating (out of 5)|
Pros and Cons of the Card
|Joining Gift voucher||Slightly higher Interest rates|
|Decent rewards and offers||No dining benefits|
|Fuel Surcharge Waiver|
SimplyClick Credit Card Features and Details
|Annual Fee||Rs 499+taxes|
|Cash advance Charge||2.5%|
|Foreign currency mark up fee||3.5%|
|Rewards||1 reward point for every Rs 100 Spent on retail Purposes
10 points for every Rs 100 spent on e-commerce sites like Amazon, Lenskart,Ola.
5x Reward points on every Rs 100 spent on other e-commerce sites.
In this Article
The Simply Click Credit Card benefits:
Fees and charges
Reasons to sign up for card
How to use this card for maximum Benefits
Where SBI SimplyClick credit card falls short
Similar Cards: In case SBI SimplyClick Credit Card doesn’t impress you
The SBI SimplyClick Credit Card benefits:
The SimplyClick Credit Card by SBI rewards its newly joined member up front with a gift voucher worth Rs 500 from Amazon.
Gift voucher is valid for 6 months from the month of issuance to the customer after which it can not be redeemed.
The Simply Click Credit Card offers a great reward program to its cardholder. The rewards that one can earn from this card are mentioned below:
With this card, one can earn 1 reward point per Rs 100 spend for retail. This may not look attractive, however, For those who love to shop online, this card can enhance their shopping experience. SBI simplyclick credit card allows you to earn 10X Rewards when SBI Card is used on various e-commerce platforms such as Amazon, book my show, zoom car and much more. On other e-commerce platforms, one can earn 5x rewards points for every Rs 100 spent.
The rewards point earned can be used to redeem against a wide array of gifts from the Rewards Catalogue.
The reward rate for this card varied with in the range of 0.25% to 2.5% depending upon the platform on which it is used for.
Are you a frequent visitor of the cleartrip website? Then SBI simply click credit card rewards you by giving an e-voucher worth Rs 2000, if you make bookings greater than 1 lakh through Cleartrip using SBI simply click card.
Annual Fees Reversal
For customers who shop above 1 lakh using this card are entitled to an annual fee reversal.
Fuel surcharge waiver
The SBISimply Click card gives you freedom from paying the 1% fuel surcharge waiver on every transaction between Rs. 500 to Rs. 3000. The maximum surcharge waiver you can get in a month is Rs. 100.
Low Annual Fee
The SBI SimplyClick card offers a variety of features and benefits at a very nominal cost. You have to pay only Rs. 499 per year for this card. This is the lowest out of all other cash back cards. Also, the renewal fee for the card which stands at Rs 500, is also very low as compared to its peers.
As the world is getting smarter day by day, so is your card. Now your SBI SimplyClick Credit Card comes with a contactless technology, which allows you to conduct a transaction just by waving your card at a secure reader.
As soon as you start using your simplyclick credit card, you get a number of benefits from various e-commerce sites. Some of the sites that offer attractive benefits are:
a) Book my show: Love watching movies, then use your SBI Simplyclick credit card to book tickets at bookmyshow website and get Rs 100 cash back. This offer is valid only when you use your card for the first time on bookmyshow.com.
b) Cleartrip Offer: Frequent travelers, who book their flights through clear trip are entitled to get cash back. one is entitled to get Rs.700 instant cashback on domestic roundtrip flights worth Rs.5,000 or more if the bookings are made using Cleartrip Mobile App. While one gets Rs.500 instant cashback on domestic roundtrip flights worth Rs.5,000 or more if bookings are made using Cleartrip website.
c) Zoom car offer: Get Rs.600 cash back on booking Self-Drive Zoomcar worth Rs.2,500 or more with SimplyClick Card.
This awesome feature lets you expand your shopping limit by helping you avail to a new additional card which can be gifted to your dear ones.
This unique feature of the SBI simplyclick card allows its cardholders to convert their payments into easy EMI. Make any purchase for Rs. 2,500 or more using your SimplyCLICK SBI Card and convert it into flexipay. However, there are certain charges associated with flexipay as well depending on the tenure up to which you are opting for Flexipay.
Now you can travel across the globe without any tension as the SBI simplyclick credit card has global presence and acceptance. With over 24 million outlets across the globe, including 3,25,000 outlets in India you can use this card without any hesitation.
No need to carry a lot of cash with you while travelling. As SBI simplyclick credit card allows you to Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe. So go cashless.
Balance Transfer on EMI
This is one of the unique and most distinguishing features that SBI simply click credit card offers. This feature allows you to transfer the outstanding balance of other banks credit cards to your SimplyCLICK SBI Card, and avail a lower rate of interest and pay back in easy EMIs. This option can help you save a lot of money.
SBI SimplyClick Credit Card Fees and Charges
There are a number of costs and charges which are associated with a credit card which should not be ignored. Some of the costs that are associated with SBI simplyclick card are mentioned below:
Finance Charges-If you just pay the minimum amount due and don’t pay the balance in full as per the last credit card statement by the payment due date, the interest rate charged will be 3.35% per month, i.e. (40.20% annually). It is a good habit to pay your bills before the due date. This will help in maintaining a good credit score which will, in turn, help you in getting better credit card deals and loans in the future.
Late payment charges
If you are not able to pay the minimum amount due by the payment due date, you will incur late payment charges. These charges depend on your balance statement and are described in the table below.
|If between Rs 0 and Rs 200||Rs 0|
|If greater than Rs. 200 and up to Rs. 500||Rs100|
|If greater than Rs. 500 and up to Rs. 1,000||Rs 400|
|If greater than Rs. 1,000 and up to Rs. 10,000||Rs 500|
|If greater than Rs. 10,000||Rs 750|
Cash Advance limit and charges
The card gives you the opportunity to withdraw cash up to 80% of the credit limit, subject to a maximum of Rs. 12000 per day. The cash advance fee charged is 2.50% of the transaction amount, subject to a minimum of Rs. 300 when you use SBI Card.
Foreign Currency Transactions
You have the option of using your SBI simplyclick credit card for foreign transactions. However, you will be charged a foreign transaction fee for this. For all international transactions in US Dollars, you will be charged 3.5% of the INR equivalent of the US Dollar amount. If the transaction takes place in currency other than US Dollars, then the transaction would be converted to US Dollars first, and then 3.5% charge would be levied on the INR equivalent of the US Dollars.
Card replacement fee: Rs 100
Over limit fee: If you have spent in excess of the limit allotted to you then you are entitled to pay 2.5% of the over limit amount subject to a minimum of Rs. 500.
Rewards redemption fee: Rs. 99
- Lower annual fee
- Add on cards with no fee
- Attractive offers and cash back on various e-commerce platforms
- Globally accepted
- 1% fuel surcharge waiver
- Features such as flexipay and balance transfer on EMI.
How To use this card To Maximise Benefits
Use your Vouchers Before They Expire
The Amazon gift vouchers, that one gets on joining are valid for just 6 months from the date of issuance. So make sure you use them before they expire.
Use Simplyclick Card For Online Spends
This card offers a reward rate of 2.5% when used for making purchases at e-commerce platforms like Amazon, Foodpanda, Lensakart and much more. So it is advisable for the card members to use this card when making purchases at these sites.
Since this card offers a mediocre reward rate for retail spend, it is recommended not to use this card for retail spends.
Maintain a Minimum Spend Of Rs 1,00,000
Card members who make spend more than Rs 1,00,000 in a year from their SBI SimplyClick card are awarded annual fee reversal.
So try to maintain spend worth Rs 1,00,000 and get your annual fee of Rs 499 Reversed.
Try to Reach Milestone
A gift voucher worth Rs 2,000 is given to those members who make spends amounting to Rs 2,00,000 from their Card.
So those members who shop very often should try to reach this benchmark.
Where SBI Simplyclick credit card falls short
Though this card offers value for money still it has some drawbacks. These are listed below:
Slightly Higher Interest Rates: The SBI Simplyclick card charges an interest rate of 3.35% per month which corresponds to 40.20% annually. This interest rate is slightly higher than other credit cards in the same category. However, you only need to worry about this thing if you don’t pay off your outstanding balance in full every month. If you do pay on time than you can enjoy loads of benefits offered by the card at a just Rs 499.
Similar Cards: In case SBI SimplyClick Credit Card doesn’t impress you
Though SBI Simplyclick credit card offers a number of benefits at just a nominal price, there still are cards that one can look at depending upon his or her needs.
SBI SimplySave Vs SBI SimplyClick
Both of these cards are offered by India’s biggest Public sector Bank. Both of these cards offer similar features and charges just a fee of Rs 499.
However, the differentiating point among them is the usage category. SBI Simplyclick credit card is perfect for those who just love to shop online, while the Simplysave credit card is suitable for those who love to dine, watch Movies and shop at retail outlets.
The other differentiating factor among the two is the Welcome Gift offered by the card. SimplyClick credit card offers a welcome gift voucher from Amazon worth Rs 500 to its newly joined card members while SimplySave card doesn’t offer any welcome gift.
Besides these cards, one can have a look at the below-mentioned cards as well.
Cards that offer discounts on Dining
For those who love to dine out with friends and relatives, this card is of not much importance. In that scenario, one can look up at cards such as HDFC moneyback card, Yes prosperity cash back card, and Standard Chartered super value titanium card.These cards offer cash back up to 15% on dining.
Cards that charge similar interest rate
If interest rates are something that concerns you a lot, then you can have a look at Yes prosperity cash back credit card, which charges you 2.40% of interest on a rolling basis. So if you want a card with less interest rate than you can go for yes bank card. However, this card has an annual fee of Rs 1500 as compared to SBI simply click card which charges you only Rs 499.
This review must have helped you in understanding the benefits and drawbacks of SBI SimplyClick Credit Card. Based on its low annual fee and the benefits provided, it is a decent credit card. You earn 10 reward points on every Rs. 100 spent on online shopping at amazon, foodpanda Lenskart and 1 reward point on every Rs. 100 spent for retail purposes.
Also, features like flexipay, easy money, balance transfer and automatic bill payment increases the appeal of this card.
To put it in simple words this card is perfect for online shoppers.