Introduction to SBI Simplyclick Credit Card
The SBI Simplyclick Credit Card, offered by the State Bank of India (SBI), is tailored specifically for digital natives and frequent online shoppers. This card seeks to maximize rewards for online transactions, making it a potentially attractive option for users who spend significantly on e-commerce platforms, online entertainment, and lifestyle services. With an entry-level pricing structure, it features an annual fee of Rs. 499 plus taxes, which is relatively modest given its targeted benefits.
This credit card distinguishes itself through a series of rewards and perks focused primarily on online purchases, aiming to blend convenience with savings. Moreover, the card offers an appealing welcome gift and various milestone benefits, enhancing its value proposition for customers who meet the required spending thresholds. The Simplyclick SBI Card is not just about shopping; it also integrates functionalities like contactless payments, adding a layer of modern payment convenience.
SBI Simplyclick Credit Card Features
The SBI Simplyclick Credit Card packs a robust set of features designed to appeal to avid online shoppers. Here's a detailed breakdown of its main offerings:
1. SBI Simply Click Credit Card reward points
- E-Shopping Rewards: Cardholders earn 10X Reward Points on online spends with exclusive partners such as Apollo 24x7, BookMyShow, Cleartrip, Dominos, Myntra, Netmeds, Swiggy, and Yatra. This is a substantial rate that significantly enhances the card's appeal to users who frequently shop or book services through these platforms.
- General Online Spends: For other online purchases, the card offers 5X Reward Points. This broad coverage ensures that virtually all online spending is rewarded, albeit at a lower rate than with partner brands.
2. Milestone Benefits
- Upon reaching annual online spends of Rs. 1 lakh and Rs. 2 lakh, cardholders receive e-vouchers worth Rs. 2,000 each, redeemable at travel portals like Cleartrip and Yatra. These vouchers add an extra layer of value, particularly for users who travel.
3. Welcome and Annual Fee Benefits
- Log-in Gift: A new cardholder is welcomed with an Amazon.in gift card worth Rs. 500 upon payment of the annual fee, effectively neutralizing the cost of the fee if the gift card is of use to the cardholder.
- Annual Fee Reversal: The annual fee of Rs. 499 is reversed for the subsequent year if the cardholder spends Rs. 1 lakh in a year. This encourages continued usage and provides a cost-effective approach for regular users.
4. Fuel Surcharge Waiver
- The card offers a 1% fuel surcharge waiver for each transaction between Rs. 500 and Rs. 3,000, providing modest savings on fuel purchases, a frequent expense for many.
5. Contactless Payment Technology
- The card features contactless payment capabilities, allowing transactions to be completed quickly and securely by simply waving the card near a contact reader, ensuring convenience and reducing the risk of card skimming and fraud.
6. Worldwide Acceptance
- The Simplyclick SBI Card is accepted at over 24 million outlets globally, including 325,000 outlets in India. It is usable anywhere that accepts Visa or MasterCard, making it a versatile option for international travelers or shoppers.
7. Additional Utilities
- Add-on Cards: Cardholders can empower their family members with add-on cards, extending the benefits of the Simplyclick SBI Card to parents, spouse, children, or siblings over the age of 18.
- Cash on the Go: Users can withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
- Utility Bill Payment Facility: Bills for utilities like electricity, telephone, and mobile can be paid using the card, adding to its utility.
Suggested read: SBI Pulse Credit Card Offers
Fees and Charges of SBI Simplyclick Credit Card
The SBI Simplyclick Credit Card comes with a set of fees and charges that are important for potential cardholders to understand to assess the overall cost-effectiveness of the card. Hereโs a detailed look at these expenses:
1. SBI Simply Click Credit Card Annual Fee
- One-Time Fee: There is an initial one-time annual fee of Rs. 499 plus applicable taxes.
- Renewal Fee: The renewal fee per annum is also Rs. 499 plus taxes. This fee can be reversed if the cardholder spends Rs. 1 lakh within the previous year, incentivizing higher spending.
2.ย SBI Simply Click Interest Rates
- The standard interest rate on outstanding balances can vary, but typically falls within the higher range typical of credit cards in India. Users should check the latest rates directly with SBI as these can fluctuate based on various economic factors.
3. SBI Simply Click Credit Card Cash Withdrawal Charges
- There are charges for cash withdrawals using the credit card at ATMs, which is a standard feature across most credit cards. The specific rate should be verified as it may be subject to updates.
4. Late Payment Charges
- Late payment fees apply when users fail to pay at least the minimum due by the due date. These fees are scaled based on the outstanding amount and can be quite hefty, encouraging timely payments.
5. Over-limit Charges
- If the cardholder exceeds the credit limit, over-limit charges are levied. This is a percentage of the over-limit amount.
6. Other Fees
- Charges also apply for services such as balance transfers, foreign currency transactions, and duplicate statements. Each of these services incurs a fee that should be considered when evaluating the total cost of maintaining the card.
7. Fuel Surcharge Waiver SBI Simply Click Credit Card
- The card offers a 1% fuel surcharge waiver at all petrol pumps across India for transactions between Rs. 500 and Rs. 3000. This waiver is capped, and the exact terms can vary, so cardholders should refer to the most recent conditions provided by SBI.
8 . SBI Simply Click Credit Card Joining Fee
- The SBI SimplyCLICK Credit Card has a joining fee of โน499 plus applicable taxes. Enjoy benefits like online shopping rewards, complimentary gift vouchers, and 10X reward points on partner brands
Also read: Best Lifetime Free Credit Cards
User Experience with SBI Simplyclick Credit Card
The user experience with the SBI Simplyclick Credit Card includes several dimensions, from the application process to customer service, and the overall usability of the card. Hereโs how these elements stack up:
1. Application Process
- The process to apply for the SBI Simplyclick Credit Card is relatively streamlined, consistent with other SBI offerings. Potential cardholders can apply online through the SBI Card website or visit a branch. The online application process is user-friendly, allowing applicants to easily submit their details and supporting documents.
2. Online Management Tools
- SBI provides an efficient online management platform where cardholders can view their statements, pay bills, check reward point balances, and manage their card settings. The interface is intuitive, catering well to the digitally savvy target audience of the Simplyclick card.
3. Customer Service
- Customer support is available via multiple channels including a dedicated helpline, email, and through an online portal. Feedback on the quality of service varies, with some users reporting prompt and helpful responses, while others have faced delays and less satisfactory interactions. This variability is somewhat typical in the industry but is an area where user experience can significantly differ.
4. Mobile App Usability
- SBI Cardโs mobile app provides another avenue for managing the account on-the-go. Features like instant transactions, reward redemption, and spending tracking are available through the app, which is generally well-reviewed for its functionality and ease of use.
5. Security Features
- The Simplyclick Credit Card comes with several security features, including fraud monitoring systems and instant SMS alerts on transactions, which enhance user confidence. Contactless payment options further secure and simplify transactions, providing a faster checkout process without compromising card security.
6. Rewards Redemption
- Redemption of accumulated reward points is straightforward. Cardholders can redeem points through the SBI Card portal for a variety of options such as gift vouchers, products, or against the card statement. The process is digital and aligns well with the online-centric theme of the card.
SBI Simplyclick Credit Cardย Benefits
The SBI Simplyclick Credit Card offers a range of additional perks and benefits that extend beyond the basic reward point system and financial features, enhancing its appeal to a broader audience. Hereโs an overview of some notable extras:
1. Flexipay
- An interesting feature of the Simplyclick SBI Card is the Flexipay option, which allows cardholders to convert their large purchases into easy monthly installments. Purchases above Rs. 2,500 can be converted into EMIs, which can be particularly useful for managing high-cost items without incurring the high interest rates typically associated with revolving credit.
2. Balance Transfer on EMI
- Cardholders can transfer the outstanding balance from other credit cards to their Simplyclick SBI Card at lower interest rates and pay back in EMIs. This feature can be a financial lifeline for those looking to consolidate and reduce debt from higher-interest cards.
3. E-Voucher Milestone Rewards
- The card offers e-vouchers from popular travel portals like Cleartrip and Yatra upon reaching certain spending milestones. This benefit encourages higher spend levels and rewards frequent shoppers with relevant and appealing incentives.
4. Utility Bill Payment Facility
- With the Easy Bill Pay facility on the Simplyclick SBI Card, users can automate their utility bill payments, ensuring they never miss a due date. This convenience feature adds a layer of practical utility, making routine payments hassle-free.
5. Contactless Technology
- As contactless payments become more prevalent, the Simplyclick card's compatibility with this technology allows for faster, more secure transactions that do not require the card to be handed to a cashier, minimizing the risk of fraud.
6. SBI Simply Click Credit Card Welcome Benefits
- Enjoy an Amazon e-gift voucher worth INR 500 as a welcome gift when you spend INR 2,000 within 60 days of receiving your SBI Simply Click Credit Card.
7.ย SBI Simply Click Credit Card Petrol Benefits
- The SBI Simply Click Credit Card offers a 1% fuel surcharge waiver at petrol stations across India. This benefit is applicable for transactions between INR 500 and INR 3,000.
8. sbi simply click credit card benefits lounge access
- The SBI SimplyCLICK Credit Card offers great benefits, including exclusive access to airport lounges, online shopping rewards, accelerated reward points, and discounts on partner websites for a seamless travel and shopping experience.
Comparative Analysis: SBI Simplyclick Credit Card
The SBI Simplyclick Credit Card competes in a crowded market of credit cards tailored for online shopping and digital transactions. To understand its place, let's compare it with similar offerings from other major banks:
1. ICICI Bank Amazon Pay Credit Card
- Rewards: This card offers 5% back on Amazon for Prime members (3% for non-Prime), 2% back at 100+ Amazon Pay partner merchants, and 1% on other transactions. It has no annual fee.
- Comparison: The Amazon Pay card is more beneficial for frequent Amazon shoppers due to higher rewards on Amazon purchases. However, the Simplyclick card offers broader 10X rewards across multiple online partners and a wider range of 5X rewards on all other online spends.
2. HDFC Bank Millennia Credit Card
- Rewards: Offers cashback of 5% on shopping via PayZapp and SmartBuy and 1% on all other spends. It has a somewhat higher annual fee of Rs. 1,000, which is waived on spending Rs. 1 lakh in the previous year.
- Comparison: The Millennia card is more versatile in cashback on wallet and specific portal spends but does not match the 10X rewards points on partner sites offered by the Simplyclick card.
3. Axis Bank Buzz Credit Card
- Rewards: Provides 6% off on Flipkart purchases, 5% off during the first year, and accelerated rewards points on online spends. The annual fee is around Rs. 750.
- Comparison: Focused heavily on Flipkart, the Buzz card benefits regular shoppers on that platform. In contrast, Simplyclick offers broader benefits across various online platforms but does not provide as high a percentage of direct discounts.
4. Citi Rewards Credit Card
- Rewards: Offers 10 reward points per Rs. 125 spent at apparel and department stores, and one point per Rs. 125 on other purchases. It has a similar annual fee structure to the Simplyclick.
- Comparison: Citi Rewards focuses more on in-store shopping at specific retailers rather than online spends, making Simplyclick a better option for general online expenditures.
Pros and Cons of SBI Simplyclick Credit Card
Pros:
- Robust Reward Points: With 10X points on partner sites and 5X on other online spends, the card provides excellent rewards potential compared to many competitors.
- Milestone Rewards: The e-vouchers for reaching spending thresholds add significant value, especially for frequent travelers.
- Annual Fee Reversal: The opportunity to have the annual fee reversed by reaching a reasonable spending threshold of Rs. 1 lakh is an appealing feature that mitigates the cost of the card.
- Additional Features: Features like Flexipay, balance transfer on EMI, and comprehensive utility payment options offer functional benefits that extend beyond simple credit facilities.
Cons:
- Customer Service Variability: While not unique to the SBI Simplyclick Card, the variability in customer service quality can impact the user experience negatively.
- Focused Rewards Program: The rewards program is primarily beneficial for online purchases, which might not appeal as much to those who also have significant offline spending.
Final Thoughts and Overall Rating
The SBI Simplyclick Credit Card is an attractive option for digital-savvy consumers who frequent online shopping platforms. It combines a competitive rewards structure with practical benefits tailored to enhance the online shopping experience.
The SBI Simplyclick Credit Card earns a strong 4.5 out of 5. It is highly recommended for users whose spending aligns with the cardโs online rewards structure. It's particularly well-suited for young, tech-savvy individuals or families who do the majority of their shopping and bill payments online. The card's feature set is designed to make digital transactions more rewarding and convenient, which it accomplishes quite effectively.
For anyone looking for a comprehensive credit card that supports diverse online spending while offering substantial rewards and perks, the SBI Simplyclick Credit Card is an excellent choice. However, for those whose spending is more diversified or who often shop offline, other cards might be a better fit.
