SBI SimplyClick Credit Card is one the must have credit card from a long time in India which provides 10X rewards on shopping at Amazon, BookMyShow, UrbanClap etc. This card also provides 5X rewards on other online spends irrespective of merchant which is quite awesome. With very low annual fees and salary requirements, this card giving really good value back if you spend online a lot. You can earn upto 7.5% if you buy anything through Yono on Amazon.
SBI SimplyCLICK Credit Card has an attractive design with light green hologram abstract markings on a deep green background. The card is issued on both Visa and MasterCard platform and is enabled for contactless payments upto ₹5000 without PIN.
Though SBI Card has not disclosed the eligibility criteria for SimplyCLICK Credit Card anywhere, But I got following information from their executive:
- Age: Minimum 21 Years
- Salaried: Net Monthly Income > ₹ 25,000 per month
- Self Employed: ITR > ₹ 2.4 Lakhs per annum
- Minimum 775 CIBIL Score
SBI Card is very strict about credit history and there is a high chance of rejection if you don’t have credit history or your credit score is low. Chance of approval for SBI Credit Cards increases, if you have an existing credit card or Existing relationship with SBI with good holding. Here is 2 easy SBI SimplyClick approval trick-
Option 1- If You have existing Credit card older then 6 months of any bank with more then 50 thousand limit you can apply through Card 2 Card.
Option 2- hold existing saving account with SBI and having 2 Lakh or more holding, You can also apply against relationship with SBI, For apply you need to contact your SBI Home branch.
Joining & Annual Fees-
SBI SimplyCLICK Credit Card comes with following fees:
- Joining fee: ₹499 + GST
- Renewal fee: ₹499 + GST
You are paying ₹499+GST as Joining fees and you will get 500 Amazon Gift Voucher as Joining benefit. So you are paying approx only ₹90 fee.
Renewal fee is waived off if spent in previous year is more than ₹1 Lakh. SBI Card generally doesn’t issues credit card life time free and one needs to pay the annual free every year if they are not able to meet the spending criteria for fee waiver.
Featues of SBI SimplyClick-
SBI SimplyCLICK Credit Card is best credit card who love to spend online only. Also there is a very good reward structure of basic card.
₹500 Amazon Voucher
You are paying ₹499+GST as Joining fees and you will get 500 Amazon Gift Voucher as Joining benefit. So you are paying approx only ₹90 fee. Amazon voucher code will be sent on customer’s registered mobile number within 30 days from payment of membership fee.
- Cleartrip e-voucher worth ₹2,000 on annual online spends of ₹1 Lakh
- Cleartrip e-voucher worth ₹2,000 on annual online spends of ₹2 Lakhs
That’s an additional 2% reward rate on achieving a spend of ₹1 Lakhs or 2Lakh.
- 10x Reward Points per ₹100 on online spends with exclusive partners – Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds, Rentomojo, UrbanClap (2.5% reward rate).
- 5x Reward Points per ₹100 on all other online spends (1.25% reward rate).
- 1x Reward Point per ₹100 on all other spends (0.25% reward rate).
- No points will given for Wallet load, Fuel, Cash, or less then ₹100 uses.
Calculate reward Value-
- 1 Reward Point = ₹0.25
- Reward points can be redeemed from Amazon & Cleartrip e- vouchers (2000RP=₹500 Voucher).
- Reward redemption fee is NIL.
SBI Card mentions in their T&C that wallet transactions are not eligible for 10X rewards, There is no 10X reward points on adding money to Amazon Pay wallet. Infact Bill Payment on Amazon gives only 5x reward points.
Drawback of SBI SimplyClick-
Though SBI SimplyCLICK Credit Card provides great benefits, there are some drawbacks too:
- Foreign Currency Markup of 3.5%
- Revolving credit at interest rate of 3.35% per month
- Convenience fee waiver of 1% on all fuel transactions between Rs. 500 to Rs. 3,000
- Low reward rate on offline spends: The reward rate of 0.25% on offline spends is really low.
- Limited options for Reward Redemption: There is no option to redeem reward points for statement cash.
Annual Saving Table-
Here is simple table if we spend only in 10x reward category-
|Expenses (₹) in Year 1||1 Lakh||1.5 Lakhs||2 Lakhs|
|100% online shopping with exclusive partners||100,000||150,000||200,000|
|Rewards Points on spends||10,000||15,000||20,000|
|Reward point value(1RP = ₹0.25)||2500||3750||5000|
|Total Benefits (₹)||5000||6250||9500|
|Annual Fees (Including GST)||590||590||590|
|Total savings (Total benefits – Annual Fees)||4410||5660||8910|
|Savings % ageTotal Savings/ Total Spends||4.4%||3.7%||4.4%|
SBI SimplyCLICK Credit Card is really a good card for those who spend a lot online. Bonus reward points on wallet loading is something which not many credit cards provide. SBI Card has been aggressive these days and has partnered with Flipkart and Amazon during their festive sales. I would suggest you to have atleast one SBI Credit Card in your wallet just for these exclusive online offers and there is no better offering than SimplyCLICK for online spends.
If you are an online shopping freak, having this credit card in your wallet will never make you regret having applied for it. You get to save money while shopping online with unlimited and exclusive privileges, as well.
Even though you might see this card as another plastic card, but when you hold a beautiful card in your hand, perception changes. You might have a more valuable card available with you than SBI SimplyCLICK Credit Card, but it is beautifully printed and fabricated, ready to be a perfect fit in your hand.