Aimed at an ever-growing digital India, The SBI SimplyCLICK Credit Card is for the shopper who buys online and loves things delivered at the doorstep.
Powered with contactless technology, the SBI SimplyCLICK credit card never needs to leave your secure hands, making it less liable to be left at cash-counters.
It is enabled with “wave technology” that detects the card when waved from a distance. This feature comes as a wave of relief for a pandemic-stricken nation where contactless communication is the need of the hour. Currently, there are 2000+ merchants all over India that facilitate the contactless payment offered by the SBI SimplyCLICK credit card.
Aesthetics-wise, this card scores a 10 on 10 for the beautiful green mandala design that gives a very ‘Made-in-India’ look and feel to the card.
Let us look at the various features and benefits of the SBI SimplyCLICK credit card before passing on our verdict about whether the card lives up to its expectation of being ‘the’ card for the online shopping generation.
Benefit Highlights of SBI SimplyCLICK Credit Card
Welcome Benefit
As a joining bonus, you will get an Amazon Gift Card worth Rs. 500, valid for 12 months from the date of addition to Amazon Pay. You kind of gets back your joining fee of Rs. 499 through this.
Fuel Surcharge Benefit
Fuel Surcharge waiver of 1% is offered on every transaction between Rs.500 – Rs.3000, with the maximum waiver being Rs.100 on each monthly statement cycle.
| A Fuel Surcharge is basically a transaction tax on fuel purchase. A fuel surcharge waiver does not mean you pay less per litre of fuel purchased, you rather pay less of the transaction tax levied over and above the fuel cost. |
Milestone Benefits
A yearly online spend of 1 lakh and 2 lakhs will earn you an Rs. 2000 e-voucher of Cleartrip.
Other Benefits
Several other benefits of using SBI SimplyCLICK Credit card include :
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- This Card can be used in all outlets that accept Visa and MasterCard.
- The SBI SimplyCLICK Credit Card can be used internationally.
- You can have Add-On Cards for family members above the age of 18 years.
- For transactions of Rs. 2500 and above, you can avail easy monthly installments through the Flexipay
- You can also pay the outstanding amount of your credit cards from other banks through SBI SimplyCLICK Credit Card. There is a facility to avail easy monthly installments at a low-interest rate for the payment of the same.
- Through the Easy Money feature, you can get cash, as per approved cash limit (up to 80% of the credit limit), through NEFT, or in the form of cheque or draft delivered to your home. To enable Easy Money on your SimplyCLICK Credit Card, there is a processing fee of 1.5% or Rs. 199, whichever is higher. There is also an interest rate of 2.5% per month for a period of 45 days on the Easy Money feature.
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Fees & Charges
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Joining Fee
The Card has a one-time joining fee of Rs. 499.
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Annual Fee/Renewal Fee
There is an annual renewal fee of Rs. 499 every year.
This fee is waived off if your spending in a year amounts to or exceeds Rs. 1,00,000 (Rs. 1 Lakh). -
ATM Withdrawal Charges
5% of withdrawal or Rs. 500, whichever is higher for domestic (including SBI ATMs) and international ATMs.
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Cheque Charges
Rs. 100 per cheque issues.
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Payment Dishonour Charges
2% of the failed payment.
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Statement Retrieval Charge
Rs. 100 per statement for statements older than last 2 statement cycle.
Reward Points
10X Reward Points
The Card offers 10x reward points on it’s exclusive online partners – Amazon / BookMyShow / Cleartrip / Lenskart / Netmeds / UrbanClap
5X Reward Points
There are 5x reward points on all other online spendings.
1X Reward Point
For all other spendings, viz paying utility bills, you will accrue a 1x reward point.
| For the uninitiated, a 10x number of reward points mean that the card offers 10 times more reward than earned otherwise on the said transaction. Similarly, 5x reward point would mean 5 times the reward points offered than would otherwise be on the said transaction. |
A few other credit cards that support online shopping are Axis Bank MY ZONE Credit Card, HDFC Moneyback Credit Card, Standard Chartered DigiSmart Credit Card and ICICI Amazon Pay Credit Card. A quick comparison between SBI SimplyCLICK and its private bank competitors is as follows:
| SBI SimplyCLICK | Axis MY ZONE | HDFC Moneyback | Standard Chartered DigiSmart | ICICI Amazon Pay | |
| Annual Fee | Rs. 499 | Rs. 500 | Rs. 500 + tax | Rs. 49 per month | Rs. 0 |
| Best Feature | – 10x reward points on Amazon
– Contactless technology |
– No joining fee
– Bonus 1000 reward points on a minimum spend of Rs. 30,000 per year – Upto Rs. 1000 off on Myntra as joining benefit |
– Rs. 500 gift vouchers quarterly on a spend of Rs. 50,000 | – 20% off at Myntra, 10% off at Grofers and 10% off at Zomato with no minimum spend limit. | – No joining fee, no annual fee
– 3% to 5% discount on Amazon over and above existing offers- Earnings are in the form of Amazon Pay balance |
| Income Eligibility | Minimum Rs. 2.4 lakh p.a. | Minimum FD of INR 20 thousand | Minimum Rs. 3 lakh p.a. | Minimum Rs. 6 lakh p.a. | Dependent on individual profile |
Cons
Considering its target demographic of “a generation that’s always online”, this card has some really cool benefits and features. One major drawback is that of the railway surcharge. There is a surcharge of Rs 30 + 2.5% of the transaction amount if tickets are booked over a railway counter.
For tickets booked through the railway app irctc.co.in, the surcharge is 1.8% of the transaction amount + applicable service fee. Clearly, the SBI SimplyCLICK Credit Card supports flying as a mode of transport over railway transportation.
Also, this card is not for you if :
Your fuel needs are high every month.
You are more of an in-store buyer.
Check your Eligibility for SBI SimplyCLICK Credit Card
Getting an SBI SimplyCLICK Credit Card is dependent on the following criteria :
Age
21 to 65
Annual Income
INR 2,40,000 per annum for salaried individuals
INR 3,60,000 per annum for self-employed individuals
Place of Residence
This card is issued in 200+ cities and towns of India. Urban areas and Metro cities get a preference.
Other Eligibility Criteria
A good credit score
Owning a credit card from another bank
Our Verdict on the SBI SimplyCLICK Credit Card
This card is a winner if you fit the criteria of a person who mostly shops online, prefers Amazon shopping and has limited fuel needs per month.
As per income eligibility, it is a card that would appeal to a lot of millennials who are into the first decade of their professional life.
This card can help you save some bucks on your online spending as compared to debit cards or net-banking, and you can use the reward points to buy that goodie you have been eyeing for some time.
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