SBI SimplyCLICK Credit Card

SimplyCLICK Credit Card is one of the credit cards issued by the public sector lender SBI Bank or State Bank of India.

SimplyCLICK SBI Card is a good and suitable choice when you are a frequent online shopper, especially at the partner brands like Myntra, Cleartrip and BookMyShow. Reward Points are good, and fee is low that comes with an annual fee waiver. However, redemption rate is low. It is an entry-level credit card for those shopping online on a frequent basis.

Read on to know everything about the SimplyCLICK SBI Credit Card.

SimplyCLICK Credit Card– An Overview

SimplyCLICK SBI Bank Credit Card – Key Features

Here are some of the key features of the SBI Bank RuPay Credit Card:

Welcome Benefits:

The SBI Credit Card lets you enjoy welcome benefit in the form of an Amazon.in gift card worth Rs.500 on annual fee payment of Rs.499

Reward Point Benefits:

• 10X Reward Points (RPs) for online shopping from partner brands
• Partner Brands include Apollo 24x7/ Dominos/ Yatra/ IGP/ BookMyShow/ Cleartrip/ Myntra/ Netmeds
• 5X RPs on the remaining online spends
• 1 RP per Rs.100 for all other spends

Renewal Fee Waiver:

Annual Fee of Rs.499 reversed if spent at least Rs.1 lakh during the previous year through the SBI Bank SimplyCLICK Credit Card

Milestone Benefits:

• Rs.2000-worth E-Vouchers, each on online spends of Rs.1 lakh and Rs.2 lakh, respectively
• Brand of the voucher: Yatra or Cleartrip
• There are separate terms and conditions, based on the brand to which the e-Voucher belongs

Fuel Surcharge Waiver:

• 1% across all Indian petrol pumps
• Transaction needs to be between Rs.500 and Rs.3,000
• Max. Rs.100 every statement cycle per credit card account

Contactless Benefit:

• Contactless technology is applicable on this SBI Credit Card
• Max. payment allowed per contactless transaction is Rs.5,000
• Fast and convenient
• No need to handover your SBI SimplyCLICK Credit Card to the shopkeeper/salesman
• Freedom from the need to search for coins or cash in your pocket, purse or wallet
• Security benefits like reduced risk of fraud/loss because of skimming/counterfeit
• Waving the card more than once at the reader also lets only one transaction to occur, saving you from making double or triple payments

Benefits of SBI Bank SimplyCLICK Credit Card

The particular SBI Bank Credit Card comes with the following list of benefits for the customers. Some of these are as follows:

Easy Bill Payments: Timely payments for electricity, utility, insurance and telephone.

Flexipay: Use it to convert your Rs.2500 or above transactions with the card into easy monthly instalments. Login to sbicard.com within 30 days of buying for conversion into Flexipay.

Global Acceptance: The card is usable at over 24 million outlets in the world, including 3,25,000 outlets in India. You can use the card where Visa or MasterCard is accepted.

Family Empowerment: Parents, spouse as well as children and siblings above 18 years of age are eligible for add-on cards.

Cash Withdrawal: You can use more than 1 million Visa or MasterCard ATMs worldwide to withdraw cash with the card.

Build a Credit History: Customers can use it to better their credit history, given they maintain a good credit score through regular use and timely payments.

EMI Balance Transfer: You can transfer the outstanding balance of some other bank's credit card here to this one to get lower interest rates and EMI availability for repayment.

USP – SBI Bank SimplyCLICK Credit

The unique selling points (USPs) of SBI Bank SimplyCLICK Credit Card include its reward points.

While the card charges an annual fee of Rs.499 (charged from the 2nd year), the same is even reversible, that is, waived off, on purchase of Rs.1 lakh during the previous year with this card.

Additionally, welcome benefit, milestone advantage, and fuel surcharge waiver are some other perks that also serve as USPs for this SBI Bank Card.

Target Customers

Here are the target customers for this SBI Bank Credit Card:

• People who often shop online
• Prefer partner brands for online shopping
• Seeking cashback/RPs on online shopping
• Those with a low income for easy eligibility
• Seeking low fee charged on the card
• Also, people who look forward to saving on everyday expenses

Eligibility Criteria

Here are some of the criteria based on which you may get entitled to get this card:

• Nationality (Indian citizen/NRI)
• Age
• Income (a minimum stable annual income)
• Having a good credit score is a plus point
• Residence

All requirements are shared at the time of application for SimplyCLICK SBI Bank Credit Card.

Documents Required

The following documents may be required when applying for the RuPay SBI Bank Credit Card:

• A proof of identity
• A proof of income
• A proof of residence

For income proof, you may provide your latest salary slip, Form 16, or Income Tax Returns (ITR) copy.

For residence proof, electricity bill, landline telephone bill, passport, ration card, etc may be used.

You may be asked an identity proof and a coloured photograph of yours. For the proof of identity, you may use Aadhaar card, Driving license, PAN card or your passport.

Fees

Take a look at various fees and charges that are applicable with the use of SimplyCLICK SBI Bank Credit Card-

All above charges and fees are taxable as per Government norms.

Late Payment Penalties

The details for late payment penalties attached to SimplyCLICK SBI Bank Credit Card are mentioned below in the table:

It may be noted that there is a late payment charge of Rs.100 for MAD by the due date for two consecutive cycles. It continues to remain applicable for every payment cycle till the MAD or minimum amount due is paid.

Availability of Add-On Card Option

The SBI Bank SimplyClick Credit Card gives you the option of Add-On card/s, also known as Supplementary cards. However, both the Add-on card joining fee as well as Add-on card annual fee amount to Nil.

This option is open to your (the main or primary cardholder/cardmember) spouse, parents, and even children and siblings above 18 years of age.

EMI Conversion Option

With the SBI Simply Click Credit Card, the user has the chance to convert a big credit card purchase into Equated Monthly Instalments or EMIs. You can contact the bank for the same.

As discussed, one can use Flexipay to convert your Rs.2500 or above transactions with the card into easy monthly instalments. Login to sbicard.com within 30 days of buying for conversion into Flexipay.

You can also transfer the outstanding balance of some other bank's credit card here to this one to get lower interest rates and EMI availability for repayment.

Rewards

The various rewards you can enjoy with the Card, apart from the welcome benefits, are:

Reward Point Benefits:

• 10X Reward Points (RPs) for online shopping from partner brands
• Partner Brands include Apollo 24x7/ Dominos/ Yatra/ IGP/ BookMyShow/ Cleartrip/ Myntra/ Netmeds
• 5X RPs on the remaining online spends
• 1 RP per Rs.100 for all other spends

Renewal Fee Waiver:

Annual Fee of Rs.499 reversed if spent at least Rs.1 lakh during the previous year through the SBI Bank SimplyCLICK Credit Card

Milestone Benefits:

• Rs.2000-worth E-Vouchers, each on online spends of Rs.1 lakh and Rs.2 lakh, respectively
• Brand of the voucher: Yatra or Cleartrip
• There are separate terms and conditions, based on the brand to which the e-Voucher belongs

Fuel Surcharge Waiver:

• 1% across all Indian petrol pumps
• Transaction needs to be between Rs.500 and Rs.3,000
• Max. Rs.100 every statement cycle per credit card account

Contactless Benefit:

• Contactless technology is applicable on this SBI Credit Card
• Max. payment allowed per contactless transaction is Rs.5,000
• Fast and convenient
• No need to handover your SBI SimplyCLICK Credit Card to the shopkeeper/salesman
• Freedom from the need to search for coins or cash in your pocket, purse or wallet
• Security benefits like reduced risk of fraud/loss because of skimming/counterfeit
• Waving the card more than once at the reader also lets only one transaction to occur, saving you from making double or triple payments

Exclusions

There are several categories across which there are no reward point offers:

• Cash Advance
• Balance Transfer
• Encash
• Flexipay
• Offline Fuel transaction
• Rent transactions
• Govt. related transactions
• Digital Gaming Platforms/Merchants

Also know that,

• e-Wallet loading transactions with the card on partner brand app or website won't accrue points.
• Again, utility bill payments on SBI Card website or mobile app will also not accrue 5X reward points.

Complimentary Membership

NA

Fuel Surcharge Waiver

Here are the details regarding the fuel surcharge waiver:

• 1% across all Indian petrol pumps
• Transaction needs to be between Rs.500 and Rs.3,000
• Max. Rs.100 every statement cycle per credit card account

Airport Lounge Access (Domestic/International)

NA

Golf Benefit

NA

MakeMyTrip / BookMyShow Benefit

Because BookMyShow is a partner brand here, you can enjoy 10X RPs by doing from there online shopping.

International Benefits

The card can be used internationally as well, with a cash advance fee of 2.5% or Rs.500, whichever is more, at international ATMs.

Forex Markup Fee

Foreign Currency Transaction Fee is charged at 3.50%.

Insurance Coverage

NA

Value for You – How Much Do You Save

The chart below shows the amount of money, or the value, you get to save in a year's time when you utilize the SimplyCLICK SBI Bank Credit Card with its applicable features.

It is clear from the above table that you can save almost Rs.21,900 in a year when you use the particular Card, thereby adding to your yearly savings.

Note: The values mentioned are assumed (imaginary) and have been used only for illustrative purposes. For more precise amounts and recent updates regarding the particular card, please refer to the card issuer's official website.

Should you Consider it?

Here are some points that make you more likely to benefit with this card:

• Those looking for a low-entry-level card
• Seeking rewards on online purchases
• Prefers the partner brands of the card issuer for online shopping
• Prefers online shopping above offline one
• Also, when you are not eligible to get several other cards offering direct savings

Considering this card is a plus for online shoppers, and the partner brands are some of the most-preferred merchants for online shopping. The brands include products and services related to lifestyle, travel, entertainment, etc.

Security & Fraud Protection

SBI Bank takes various security measures to protect your account, improve your banking experience and also safeguard your money and investment.

Here are some of these measures:

Secure Login

All digital banking applications are implemented with strong authentication and authorization for the users' secure access.

Sessions Security

A secure channel of communication throughout the banking services prevents unwanted interception. Also, your login session is logged out after a certain time limit to make sure that no one is able to take a wrong advantage.

Login Security

Measures like captcha, OTP and virtual keyboard are used to prevent Brute Force Attacks/Botnet attacks, for 2nd Factor of Authentication and to prevent key logger attacks, respectively.

There are several others, namely:

• Mobile Security
• Notification
• End to end security
• Transaction monitoring
• Transfer security
• Profile security

Customer services are open 24*7 for quick redressal to issues.

Understanding Credit Card Billing Cycle

Credit Card Billing Cycle refers to the time period for which your credit card bill or statement is generated. The bill/statement shows all your transactions of that period made with that credit card and the complete payment you need to make within the next few days. To avoid above-mentioned late payment penalties, it is important that you make the required payment within the particular time frame, that is, before the due date.

• One billing cycle for a credit card is typically between 28 and 31 days.
• While you must pay the minimum amount due before the due date, an amount greater than the minimum amount due but less than the total due amount may also be paid.

For example, a billing cycle date being the 12th of a month may refer to a billing cycle of 30 days starting from 13th of the previous month. The next 10-15 days or so after 12th of the month (the billing cycle date) will possibly be your time period to make the required payment to avoid late fees.

To view the Billing date or Payment due date, one can login to sbicard.com or SBI Card mobile app using their user ID and password.

Here are a few steps to view the billing cycle and due date:

• Login
• Dashboard
• Choose your credit card
• The card summary has the last billed date or payment due date

Note that one can change the billing cycle. You can write to the bank at sbicard.com/email or call the helpline number.

Pros and Cons of Paying the Minimum Amount Due on Credit Cards

There are advantages when it comes to paying only the minimum amount due. However, the same comes with certain drawbacks and can instead increase your financial burden. Read to know how and to understand what you should do.

Benefits

• Avoid late fees: Paying the minimum amount due on your credit card is a way to successfully make the payment while also not pay in full. This is beneficial if you are in a lack of funds at the moment. You, at least, are saved from paying the penalties.
• Credit score: Ensuring that the payments made are in time, you can also ensure a good credit score. Credit score brings you a lot more benefits in your financial way ahead.
• Credit utilization ratio: Now that you are able to keep a good standing of your account, you are able to manage the credit utilization ratio better as well.
• A positive account status: All these points promote a healthy relationship between you and your card issuer.

Drawbacks

• Increased interest rates: This is one of the major drawbacks of paying only the minimum amount due. The remaining amount is charged additional interest rates when paying later, thereby increasing your overall repayment amount.
• Creditworthiness: While paying the minimum amount due within the given time limits, you do keep your credit score good, but not good enough. This is because paying the full amount and avoiding debt accumulation bring much more creditworthiness for the card holder.
• Enhanced financial liability: Increased debt period also increases your financial burden over a period of time. You might not be able to pay off the accumulated debt in the time being. It can impact your other financial goals too.
• Difficulty obtaining loans: Given lower creditworthiness and a higher credit utilization ratio, getting loans and credit cards in the future could be more difficult.

Credit Card Customer Care Number

You can

Write to the Bank:

Manager- Customer Care Services
SBI Cards & Payment Services Ltd.
DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City,
Gurgaon -122002(Haryana) India

Escalate your Query:

Customer Care Helpline Number: 1860-180-7777
In case of mis-selling or harassment: 080-39356050

Call Customer Care Desk:

SBI Credit Card Customer Care Numbers:
1860 500 1290, 1860 180 1290, 39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free)
Timings: 8 AM to 8 PM (Monday - Saturday)

Email:

[email protected]

Tips for Responsible Credit Card Usage

The use of credit cards is continuously increasing. Below are some common tips to help maintain a responsible usage of the credit cards.

Setting a Budget

Your credit card comes with a certain limit on the amount you can spend using it; that's its credit limit. It is advised that one uses around 30% of the credit limit. So, set the budget right away as you get the card and make sure you do not cross that boundary to maintain your current level of financial freedom.

Planning Purchases

When you set a budget, you also set the maximum amount you will be spending. See how much you can spend via the credit card and on what services and products. You may also divide the chosen expenses into monthly ones, thereby spending a limited amount on purchases via the credit card.

Responsible Credit Card Usage for a Better Credit History

Note that the card we are discussing does not require your credit history. However, still you can use it to build your credit history or make the existing one better.

Monitoring Your Expenses

Keep a check on the expenses you've been making by matching it with your proposed budget and planned purchases. This will help you know immediately if you've been moving considerably beyond the target.

Some More Tips

• Do not avoid using unique, complex passwords
• Keep changing the same from time to time
• Never share your credentials or even write them anywhere, as that can lead to their disclosure
• It is better to disable options like 'Auto Save' and 'Remember'
• Look for 'https' in the banking site's address bar
• Avoid public places and open Wi-Fi networks for carrying out banking transactions
• Do not forget to logout after completion of work; also close the browser
• Avoid responding to unknown UPI requests
• You may choose to report suspicious requests
• Avoid sharing sensitive data or confidential information on social media platforms
• Keep a secured lock for your mobile phones/tablets
• Prefer official stores to download applications
• Use authentic e-commerce websites
• Stay alert when working on an ATM machine or a POS device
• Last but not least, you can also choose to set a limit for transactions

These are some simple tips that you can use any and every time to maximize security.

Multiple Payment Options Available to Pay your Credit Card Bill

You can use any of the following means for SBI Bank Credit Card bill payment:

Online Options:

• NEFT Payment
• Pay Via – Standing instruction
• Paynet-Pay Online
• Other banks' Debit Cards
• Visa Credit Card Pay
• Mobile app
• UPI
• Master Card Money Send
• Bharat Bill Payment System
• Pay via YONO

Offline Options:

• Cheque – Manual drop box
• Over the Counter
• SBI ATM

FAQs

Disclaimer: Please refer to the official website of the card issuer for any updates and exact details regarding the card.

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