SBI Card is now the 2nd largest credit card issuer in India. Getting an SBI Card is a good choice for one simple reason. It is often the partner for a 10% instant discount during Amazon/Flipkart sales. This is why an SBI credit card is a must-have for every person who shops online at these portals. And talking of online shopping, the SBI SimplyCLICK credit card is the best one for that. Here is a hands-on review of the SBI SimplyCLICK credit card.
Eligibility Criteria
SBI Card does not state the eligibility criteria on the application page for this card. Below are the standard requirements for getting a better chance of approval. SBI Card has kept eligibility criteria low as SimplyCLICK is an entry-level card.
| Credit Score | 750 and above |
| Occupation | Self-Employed or Salaried |
| Income for Salaried | Above 20K per month |
| Income for Self Employed | Above 30K per month |
Fees and Charges
| Joining Fee | Rs 499 plus taxes |
| Welcome Benefit | Rs 500 Amazon Gift Card |
| Annual Fee | Rs 499 plus taxes |
| Annual Fee Waiver | Spend Rs 1 Lakh in a membership year |
Rewards
SBI SimplyCLICK has three reward rates depending on the type of spend and merchant. Each reward point is worth 25 paise for all redemption options.
| TYPE OF SPEND | REWARDS | RETURN RATE @25 PER RP |
|---|---|---|
| Offline spends | 1 RP/Rs 100 | 0.25% |
| Online spends (except 10X partners) | 5RP/Rs 100 | 1.25% |
| Online spends (10X partners) – Amazon / Apollo 24X7 / BookMyShow / Cleartrip / Dineout / Lenskart / Netmeds | 10RP/Rs 100 | 2.5% |
As the name ‘SimplyCLICK’ suggests, this card is for online shopping with a 1.25% to 2.5% reward rate. There is no benefit in using this card for any offline buy with the low 0.25% reward rate. So, go with this card only for online purchases.
10X Rewards Exclusions
SBI Card has excluded some transactions on online partners from 10X rewards:
× Gift card purchases, utility bill payments, and recharges on Amazon
× Any purchase from Amazon during sales where SBI Card is offering an instant discount. This is effective from 01-Dec-2021.
× Cleartrip transactions from affiliate channels
Monthly Cap on Accelerated Rewards
SBI Cards has also added a monthly cap on rewards effective 1st October 2020.
- Cumulative 10X Reward Points on online spending with partners – Max 10000 RP every calendar month
- Cumulative 5X Reward Points on other online spends – Max 10000 RP every calendar month
Milestone Rewards
Over and above the regular rewards, the card also offers milestone rewards of:
- Cleartrip Gift Voucher of Rs 2000 on spends of Rs 1 Lakh
- Cleartrip Gift Voucher of Rs 2000 on spends on Rs 2 Lakh
There is no option to choose from any other provider and the EGV is sent automatically on achieving the target. With the milestone rewards, the reward rate on 10X partners is 4.5% which is good and better than some premium credit cards.
Rewards Redemption
SBI SimplyCLICK offers two options for reward redemption – Amazon or ClearTrip vouchers. There is no statement credit option for now.
The minimum reward points needed for redemption are 2000. Each reward point is equivalent to 25p. and redemptions can be in blocks of Rs 500 Amazon or ClearTrip e-gift vouchers. SBI Card does not charge a redemption fee for SimplyCLICK.
Final Thoughts
When taking new credit cards, we should ensure three points – it should be easy to get approved for, should preferably be LTF / have an easy fees waiver and lastly, the card rewards should be good. SBI SimplyCLICK credit card ticks all these boxes and that is what makes this a great credit card for almost everyone.
The 10X on Amazon India alone makes it worth applying for this card. So, if you do not have an SBI card in your wallet then it is time to apply for the SBI SimplyCLICK card. An alternative to this card can be Axis Ace which offers a default reward rate of 2% for all purchases.
