One of the outstanding credit cards in India for first-time users is the SBI SimplyCLICK Credit Card, which offers 10X benefits on purchases made at sites like Amazon, BookMyShow, UrbanClap, and others. This card also offers 5X points on additional online purchases made with any retailer, which is fantastic.
This is a great wonderful card to have in your hands if you spend a lot of money online because of the low yearly fees and wage criteria. An appealing SBI SimplyCLICK Credit Card design features a dark green backdrop with light green abstract marks. The card can make cashless transactions and is provided on the Visa and MasterCard platforms.
Brief facts
Spending roughly S$800 monthly in order to receive the most cash back. People who manage their spending meticulously and spend the majority of their money on food, groceries, and transportation. Although SBI Card has not made the eligibility rules for the SimplyCLICK Credit Card public, their executive has provided the following information:
Age: at least 21 years old. Paid a salary: Average Monthly Income > Rupees. 25,000. Self-Employed: Annual ITR > 3 lakh rupees. There is a considerable probability of denial if you do not have a credit record or if your credit rating is poor because SBI Card is very picky about credit history.
Who ought to receive this card?
Try applying for the SBI SimplyCLICK Card if you: Wish to obtain an SBI Card but need help to accept premium cards such as ELITE and PRIME. Want to save money when buying online but avoid paying a hefty annual fee. Want a second credit card only for the increased credit limit. Want to take advantage of SBI Card promotions on sites like Amazon, Flipkart, Grofers, etcetera? Prefer to skip the fuel tax despite having a nominal monthly gasoline price.
Fees for using the SBI SimplyCLICK Credit Card include: Cost to join: Rs. 499 plus GST. Fee for renewal: Rupees. 499 + GST The renewal cost is waived if you spent far more than Rs. 1 Lakh the prior year. If you cannot achieve the spending requirements for a fee waiver, SBI Card typically does not offer free credit cards for life; instead, you must pay an annual charge.
Features
For employees whose main monthly expense is online, SBI SimplyCLICK Credit Card is designed. As a result, the incentives and functionalities are designed to maximize the value of online purchases. Amazon gift card worth 500 rupees. After paying the membership fee, an Amazon coupon code will be provided to the customer’s registered mobile within thirty days. It is reasonably apparent that SBI Card provides a voucher for the same amount to make up for joining expenses.
Milestone advantages
2,000 rupees Cleartrip e-voucher for yearly online spending of 1 lakh rupees. 2,000 rupees. Cleartrip e-voucher for yearly online spending of 2,000 rupees That represents an additional 2% incentive rate after spending Rs. 2 lakh.
Bonus Points
One reward point is equal to 0.25 Indian rupees. With special partners Urbanclap, Amazon, Netmeds, BookMyShow, Rentomojo, Cleartrip, and Lenskart, you may earn ten bonus points for every Rs. 100 spent online. 2.5% reward ratio. All other online purchases earn 5 Reward Points for every Rupees 100 spent at a reward rate of 1.25%.
For all other purchases, the incentive rate is 1 Reward Point for every Rs.100 (0.25%). Amazon and Cleartrip gift cards are available to redeem reward points from the rewards catalog. Every time a reward is redeemed, a fee of Rs. 99 plus GST is charged.
Although SBI Card’s T&C state that wallet payments are not qualified for 10X points, adding money to your Amazon Pay wallet will earn you 10X reward points, and putting cash into your Paytm wallet will make you 5X reward points. Fortunately, unlike with the HDFC 10X Reward Scheme, there is no upper limit on bonus loyalty points.
Financing Fees
3.5% Foreign Exchange Markup. Perpetual credit with a monthly interest rate of 3.35%. 1% of all gasoline expenditures within Rs. 500 and Rs. 3,000 are free of convenience fees.
Reversal cap as well as a sensible annual subscription
The Rs. 499 annual fee for a credit card with basic features is fair. Also, the cost will be waived after expending Rs. 1 lakh in a year. There may be other credit cards available on the market with comparable or lower annual fees as well as favorable deals. It could be challenging for many individuals to be accepted for such cards due to the tight eligibility requirements connected to work and income. Therefore, given its advantages, we can conclude that the Rs. 499 yearly charge for the SBI SimplyCLICK Credit Card is appropriate.
Using the SBI SimplyCLICK Card’s Gasoline Benefit
The SBI SimplyCLICK Credit Card waives 1% of the fuel levy on purchases between Rs. 500 and Rs. 3,000. At every gas station in the nation, this waiver is available. The exemption amount per card and statement cycle is limited to Rs. 100. Although this gasoline benefit is less substantial than some of the gas credit cards available, it is suitable for people who only need a little fuel each month and don’t have access to any other cards that waive fuel surcharges.
Drawbacks
Although the SBI SimplyCLICK Card offers many advantages, there are also some disadvantages: Low rewards for offline purchases: The remuneration rate of 0.25% is meager on offline purchases. Given that newly introduced co-branded credit cards offer much more outcomes than this, SBI Card could have provided a better reward rate. Fewer possibilities for reward redemption: Reward points cannot be exchanged for a statement credit. Another major disappointment is the Rs. 99 fee for reclaiming reward points.
Verdict
The SBI SimplyCLICK Credit Card is an excellent option for people who frequently purchase online. Few credit cards offer extra reward points for adding money to your wallet. These days, SBI Card is aggressive and has collaborated with Amazon and Flipkart for their annual seasonal discounts. I would advise you to keep one SBI credit card in your wallet exclusively for these special online deals. SimplyCLICK is the best option available for online purchases.
