SBI Simply CLICK Credit Card Review 2024

SimplyCLICK SBI Card is an entry-level credit card designed for online shoppers, offering rewards such as 10X points on select partner brands and 5X points on other online purchases, with an annual fee of Rs. 499 plus taxes.

SimplyCLICK SBI Card Key Features

SBI SimplyCLICK Credit Card is ideal for individuals who frequently shop online, offering significant rewards and benefits tailored to enhance the online shopping experience.

Feature	Details
Welcome Gift	Amazon gift card worth Rs. 500 on payment of membership fee
Reward Points	10X points on select partner brands, 5X points on other online spends
Annual Fee	Rs. 499 plus taxes
Renewal Fee	Rs. 499 plus taxes from second year onwards
Fuel Surcharge	Waiver 1% waiver on transactions between Rs. 500-3000
Annual Fee Waiver	Fee reversal on spending Rs. 1 lakh or more in a year
Milestone Rewards	Cleartrip e-vouchers worth Rs. 2,000 on annual spends of Rs. 1 lakh and Rs. 2 lakh
Global Acceptance	Usable at over 24 million outlets worldwide, including 3,25,000 in India
Flexipay Benefit	Convert transactions above Rs. 2,500 into easy EMIs
Contactless Technology	Wave card at secured readers for quick transactions

The card is designed to maximize benefits for online shoppers, with enhanced reward points for e-commerce transactions. It offers 10X reward points on partner brands like Amazon, BookMyShow, Cleartrip, Lenskart, and Netmeds. For all other online spends, cardholders earn 5X reward points. However, it's important to note that e-wallet loading transactions and utility bill payments made using the SimplyCLICK SBI Card on the SBI Card website or mobile app do not accrue additional reward points.

The card also provides flexibility in redeeming reward points, allowing users to exchange them for e-gift vouchers from SimplyCLICK partners through the rewards catalog. For fuel purchases, the card offers a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, making it beneficial for cardholders who frequently refuel their vehicles.

To encourage higher spending, SBI offers milestone rewards in the form of Cleartrip e-vouchers. Cardholders can earn vouchers worth Rs. 2,000 upon reaching annual expenditure milestones of Rs. 1 lakh and Rs. 2 lakh. This feature incentivizes users to consolidate their online spending on this card.

The SimplyCLICK SBI Card also comes with global acceptance, allowing users to make purchases at over 24 million outlets worldwide, including 3,25,000 outlets in India. This makes it a versatile option for both domestic and international use. For large purchases, the card offers a Flexipay option, enabling cardholders to convert transactions above Rs. 2,500 into easy EMIs. This feature provides financial flexibility and helps manage cash flow.

Lastly, the card is equipped with contactless technology, allowing for quick and convenient transactions by simply waving the card at secured readers. This feature enhances the user experience, especially for small, everyday purchases.

SimplyCLICK SBI Card Welcome Benefits

SimplyCLICK SBI Card offers a welcome gift to new cardholders upon payment of the annual membership fee. This welcome benefit is designed to provide immediate value to customers who choose this credit card. Here are the key details of the welcome gift.

Feature	Details
Welcome Gift	Amazon Pay Gift Card worth Rs. 500
Eligibility	One-time offer for new cardholders
Requirement	Payment of annual membership fee of Rs. 499
Delivery Method	Voucher code sent via SMS to registered mobile number
Delivery Timeframe	Within 30 days of paying the membership fee
Validity for Adding to Amazon Pay	6 months from the date of issuance
Gift Card Balance Validity	12 months from the date of adding to Amazon Pay

The welcome gift is a one-time offer provided to new SimplyCLICK SBI Cardholders after they pay the annual membership fee of Rs. 499 for the eligible year. The Amazon Pay Gift Card worth Rs. 500 is sent as a voucher code to the customer's registered mobile number within 30 days of paying the membership fee. It's important to note that the gift card must be added to the customer's Amazon Pay account within 6 months of issuance, and once added, the balance remains valid for 12 months.

SimplyCLICK SBI Card Annual Value Chart

The SimplyCLICK SBI Card offers significant value for online shoppers, particularly those who can meet annual spending thresholds. Here's an annual value breakdown.

Annual Spend	Rs. 1,00,000	Rs. 2,00,000
Rewards Value	Rs. 2,000	Rs. 4,000
Milestone Benefits	Rs. 2,000 e-voucher	Rs. 4,000 e-vouchers
Total Value	Rs. 4,000	Rs. 8,000
Net Value (After Annual Fee)	Rs. 3,501	Rs. 7,501

For annual spends of Rs. 1 lakh, cardholders earn approximately Rs. 2,000 in rewards points value (assuming a conservative 2% reward rate) plus a Rs. 2,000 Cleartrip e-voucher. At Rs. 2 lakhs spend, the rewards double and an additional Rs. 2,000 e-voucher is earned.

The annual fee of Rs. 499 is waived off for spends above Rs. 1 lakh, resulting in a net positive value. This chart demonstrates that higher spends on the card can yield significantly greater benefits, especially for frequent online shoppers who can maximize the 10X rewards on partner brands.

SimplyCLICK SBI Card Fees & Charges

The SimplyCLICK SBI Card comes with various fees and charges that cardholders should be aware of. Here's a summary of the key fees and charges associated with this credit card:

Fee/Charge Type	Amount
Annual Fee	Rs. 499 plus taxes
Renewal Fee	Rs. 499 plus taxes (from second year onwards)
Add-on Card Fee	Nil
Finance Charges	3.50% per month (42% per annum)
Cash Advance Fee	2.5% of the amount withdrawn or Rs. 500, whichever is higher
Late Payment Fee	Rs. 100 to Rs. 1300 (based on outstanding amount)
Over Limit Fee	2.5% of the over-limit amount (minimum Rs. 500)
Card Replacement Fee	Rs. 100 - Rs. 250
Foreign Currency Transaction Fee	3.5% of the transaction amount

The annual fee is waived off if the cardholder's annual spends reach Rs. 1 lakh or more in the preceding year. It's important to note that finance charges are applied on cash advances from the date of transaction until the date of full payment.

The late payment fee varies based on the outstanding amount, ranging from Rs. 100 for dues up to Rs. 500, to Rs. 1300 for dues above Rs. 12,000. Cardholders should also be aware of the foreign currency transaction fee when using the card internationally.

Eligibility Requirements

The SimplyCLICK SBI Card has specific eligibility criteria that applicants must meet to qualify for the card. Here are the key eligibility requirements:

• Age: 21 - 70 years old
• Occupation: Salaried or self-employed individuals
• Minimum annual income: Rs. 3 lakhs
• Residency: Indian resident
• Credit score: A good credit score is typically required, though the exact minimum is not specified
• Documentation: Proof of identity, address, and income are required

It's important to note that meeting these basic criteria does not guarantee approval. SBI Card considers multiple factors when assessing applications, including the applicant's credit history, financial stability, and overall creditworthiness. The final decision is at the discretion of SBI Card based on their internal policies and risk assessment procedures.

Application Process Overview

The SimplyCLICK SBI Card offers a straightforward application process that can be completed both online and offline. Here's an overview of how to apply for this credit card:
Application Method Steps

Online Application

• Visit the SBI Card official website.
• Click 'Apply Now' for SimplyCLICK SBI Credit Card.
• Fill out the online application form.
• Upload required documents.
• Submit the application.

The online application process is generally quicker and more convenient. After submitting the application, you'll receive an application number via SMS to your registered mobile number. The bank will review your application and contact you if any additional information is needed. Processing times may vary, but approved cards are typically delivered within 7-10 business days.

Overall Review

The SimplyCLICK SBI Card offers good value for online shoppers, particularly those who frequently make purchases from partner brands. With 10X reward points on select partners like Amazon and BookMyShow, and 5X points on other online spends, it provides a competitive rewards rate for e-commerce transactions.

The card's annual fee of Rs. 499 is easily offset by the Rs. 500 Amazon gift card welcome bonus and can be waived entirely with annual spends of Rs. 1 lakh or more. The milestone benefits, offering e-vouchers worth Rs. 2,000 each at Rs. 1 lakh and Rs. 2 lakh annual spends, add significant value for high spenders.

However, the card's reward rate for offline purchases is relatively low at 0.25%, limiting its usefulness as an all-purpose card. While it lacks premium features like airport lounge access, the SimplyCLICK SBI Card remains a solid choice for entry-level cardholders focused on maximizing rewards from online shopping.