SimplyCLICK SBI Card: 10X Rewards, Benefits, Fees and Milestone Rewards

The SimplyCLICK SBI Card is an online-focused credit card from SBI Card designed for customers who regularly spend on shopping, travel, food, entertainment and other digital services. The card offers 5X Reward Points on eligible online spends and 10X Reward Points on online transactions with exclusive partner merchants. It also provides milestone e-vouchers on reaching ₹1 lakh and ₹2 lakh in annual online spending.

With an annual fee of ₹499 + applicable taxes, SimplyCLICK SBI Card can be useful for frequent online shoppers who can make sufficient eligible spending to earn accelerated rewards and milestone benefits.

SimplyCLICK SBI Card: Key Highlights

SBI Card currently advertises the ₹500 Amazon.in gift card, 5X online rewards, 10X rewards with exclusive partners and ₹2,000 e-vouchers at both ₹1 lakh and ₹2 lakh annual online-spend milestones.

10X Reward Points on Exclusive Online Partners

The main attraction of the SimplyCLICK SBI Card is its accelerated reward structure. Eligible online transactions with exclusive partner merchants earn 10X Reward Points.

SBI Card currently identifies the following brands for 10X online rewards:

• Apollo 24x7
• BookMyShow
• Cleartrip
• Domino's
• IGP
• Myntra
• Netmeds
• Yatra

5X Reward Points on Other Online Spends

You do not need to shop exclusively with the card's partner merchants to earn accelerated rewards.

Eligible online transactions outside the exclusive partner category earn 5X Reward Points. SBI Card's reward terms state that the cumulative 5X reward component on other online spends is subject to a 10,000 Reward Points per calendar month cap. Once the applicable cap is reached, subsequent eligible spending earns the standard reward rate of 1 Reward Point per ₹100.

This makes SimplyCLICK useful for customers who have a broad range of online expenses rather than relying only on the listed partner brands.

10X Does Not Mean 10% Cashback

The term 10X Reward Points should not be interpreted as 10% cashback.

SimplyCLICK earns 1 base Reward Point per ₹100 on eligible regular spending, with accelerated multiples for qualifying online transactions. SBI Card's reward information states that 4 Reward Points = ₹1 for applicable redemption.

For example, 10 Reward Points on ₹100 of eligible spending represent a reward value of ₹2.50 at a 4-points-per-₹1 redemption rate. Therefore, the actual value of the card depends on how you earn and redeem your Reward Points, along with applicable caps and exclusions.

Up to ₹4,000 in Milestone E-Vouchers

The SimplyCLICK SBI Card provides two annual online-spend milestones.

SBI Card states that SimplyCLICK cardholders receive Cleartrip and Yatra e-vouchers worth ₹2,000 each on reaching the ₹1 lakh and ₹2 lakh annual online-spend milestones, respectively, subject to applicable conditions.

These vouchers can add significant value for customers who already spend enough online to reach the milestones. However, voucher redemption conditions should be checked before treating the full ₹4,000 as cash-equivalent value.

₹500 Amazon.in Welcome Benefit

SBI Card currently advertises an Amazon.in gift card worth ₹500 on payment of the ₹499 annual fee, subject to the applicable welcome-benefit terms.

For an eligible new cardholder, this can substantially offset the first-year annual fee. The benefit should nevertheless be considered subject to SBI Card's eligibility and fulfilment conditions.

Fuel Surcharge Waiver

Although SimplyCLICK is primarily an online shopping card, it also provides a fuel surcharge waiver.

SBI Card's published SimplyCLICK information specifies a 2.5% fuel surcharge waiver on eligible transactions between ₹500 and ₹3,000, with the maximum surcharge waiver capped at ₹100 per statement cycle per credit card account. GST and other applicable charges are treated according to the relevant terms.

This is a secondary benefit rather than the main reason to choose the card.

Annual Fee and Renewal Fee Waiver

The SimplyCLICK SBI Card carries an annual fee of ₹499 + applicable taxes. The renewal fee is also ₹499 + applicable taxes.

SBI Card's current fee information states that the renewal fee is waived when the cardholder reaches ₹1 lakh in annual spending during the preceding year.

This means customers who regularly spend ₹1 lakh or more annually can potentially continue holding the card without paying the renewal fee, subject to SBI Card's applicable conditions.

Important Reward Point Conditions

The 10X and 5X reward rates are subject to specific terms. SBI Card states that:

• 10X Reward Points are applicable when the eligible transaction is paid in INR using the SimplyCLICK SBI Card.
• The 5X reward component on other online spends is capped at 10,000 Reward Points per calendar month.
• Certain cash advances, balance transfers, Encash and Flexipay transactions do not earn Reward Points.
• Certain e-wallet loading transactions are excluded.
• Utility bill payments made through the SBI Card website or mobile app do not earn the 5X online reward.
• Eligible partner transactions can depend on merchant identifiers provided to SBI Card.

Therefore, customers should check the latest SBI Card reward terms before making a large transaction specifically for accelerated rewards.

Who Should Consider the SimplyCLICK SBI Card?

The card may suit you if you:

• Shop online regularly.
• Spend on eligible SimplyCLICK partner brands.
• Have substantial annual online spending.
• Can reach the ₹1 lakh or ₹2 lakh online-spend milestones.
• Want a relatively low annual-fee rewards card.
• Prefer Reward Points and shopping vouchers over direct cashback.

The card may be less useful if most of your spending is offline or if your online spending is too low to take advantage of its accelerated rewards and milestone benefits.

Bottom Line

The SimplyCLICK SBI Card is designed mainly for customers who spend regularly online. Its combination of accelerated online rewards, milestone vouchers, a ₹500 welcome benefit and a ₹499 annual fee makes it relevant for frequent online shoppers. The card's value is highest when you regularly use eligible partner merchants and can reach the annual spending milestones.