SBI SimplyCLICK Credit Card
The SBI SimplyCLICK Credit Card is an entry-level shopping credit card offered by SBI Card. It is among the most popular SBI credit cards in the entry-level segment, especially among first-time cardholders. This card is best suited for online shopping because it offers 10X reward points at some of the most popular online shopping and travel websites, including Cleartrip, Myntra, Apollo24x7, Netmeds, BookMyShow, Dominos, Yatra, and Swiggy. Previously, Amazon was also included in the 10x Rewards list, but the offer no longer applies to Amazon, and the card now only offers 5X Rewards on Amazon. For other online and offline spending, you earn 5X rewards on online spending and one reward point for every ₹100 spent on all offline purchases. The SimplyCLICK SBI Card is an affordable entry-level option with an annual membership fee of only ₹499. While it may not offer the typical travel, dining, or movie perks that premium credit cards often do, it does provide the chance to earn gift vouchers worth up to ₹4,000 per year by meeting the spending requirements. Additionally, this card enables contactless payments and is accepted globally. To learn more about this entry-level credit card, continue reading our SBI SimplyCLICK Credit Card review.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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