SBI SimplyCLICK Credit Card: A Detailed Review & Comparison
The SBI SimplyCLICK Credit Card is an entry-level card designed for online shoppers. It offers competitive rewards for online spending, particularly with select partner brands. This review will explore its features, benefits, drawbacks, and compare it to similar cards.
Key Features and Benefits
- High Rewards on Online Shopping: Earn 10X reward points on purchases from partner brands (Swiggy, Myntra, Yatra, etc.) and 5X on other online spends.
- Low Annual Fee: A relatively low annual fee of ₹499 (plus applicable taxes).
- Milestone Benefits: Receive Cleartrip e-vouchers worth ₹2,000 upon reaching annual spending milestones.
- Welcome Voucher: Get an Amazon gift voucher worth ₹500 upon paying the joining fee.
- Annual Fee Reversal: Annual fee is reversed upon reaching annual spends of ₹1 Lakh.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000.
- Contactless Technology: Enables quick and secure contactless payments.
- Worldwide Acceptance: Accepted at millions of outlets globally.
Image Credit: CardInfo.in
Drawbacks
- Limited Redemption Options: Redemption options for reward points are limited.
- Low Reward Rate on Non-Partner Spends: Earns a low reward rate (1 point per ₹100) on spending outside partner brands and online categories.
- Partner Brand Restrictions: High rewards are limited to a select group of partner merchants.
Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹499 + Taxes |
| Annual Fee | ₹499 + Taxes (waived on ₹1 Lakh annual spend) |
| Finance Charges | 3.50% p.m. (42% p.a.) |
| Late Payment Charges | Varies based on outstanding balance (see details on SBI website) |
Use Cases and Reward Breakdown
Here are some real-world examples of how you can utilize the SBI SimplyCLICK Credit Card and the potential reward points earned:
| Scenario | Spending Category | Amount Spent (₹) | Reward Points Earned | Redemption Value (₹) at 4 points = ₹1 |
|---|---|---|---|---|
| Online Grocery Shopping (Partner Brand) | Swiggy | 2000 | 20000 | 500 |
| Online Shopping (Non-Partner Brand) | Amazon | 1000 | 5000 | 125 |
| Fuel Purchase | Petrol Pump | 750 | 750 | 18.75 |
| Offline Restaurant Meal | Restaurant | 1500 | 1500 | 37.5 |
Image Credit: Forbes Advisor India
Comparison with Similar Cards
While a detailed comparison requires access to real-time data from various sources which is outside the scope of this blog post. You can independently research other cards such as YES Bank Paisabazaar PaisaSave Credit Card and Tata Neu Plus HDFC Bank Credit Card to make informed choices.
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