Today’s economic world requires payment solutions fit for the current needs. With more and more people preferring contactless payments, merchants across the country and around the world have also made contactless payments available.
The SBI SimplyClick Credit Card is one of the best options if you want to have a variety of options for payments. Moreover, it offers a wide range of benefits that can make your cardholder experience more worthwhile.
It is a great choice for individuals looking for flexibility and reliability. Interested in what this credit card has to offer? Keep reading to learn more.
SBI SimplyClick Credit Card Features
The most important feature of this card is its contactless advantage. It lets users make daily purchases while minimizing contact with others. Because many merchants in the country now allow the tap to pay, you just need to bring your card close to the secure reader to transact.
This can bring you an added layer of protection, as you would not need to hand your card over to the teller, making sure that your card never leaves your person. Plus, even if you accidentally tap your card multiple times, the card generates a security key that ensures only one is valid.
Aside from the security, it can offer, you can also take advantage of the FlexiPay feature. This allows you to transform large transactions into monthly installments. So, you do not have to worry about significant purchases as you can make them more manageable using FlexiPay.
Benefits of the SBI SimplyClick Credit Card
The Easy Money feature offered by this card lets you easily obtain a check against your cash limit, making it easier to get money. Additionally, your check will be delivered right at your doorstep for added convenience.
Other important benefits offered by this card include worldwide acceptance, the ability to pay various types of utility bills, milestone rewards, and a generous log-in gift of Rs. 500 upon joining.
In terms of rewards available, you get 10X Reward Points when spending online with partners like Amazon, BookMyShow, Cleartrip, and more!
You can also get 5X rewards on all other online purchases with your card!
Application Process and Requirements
If you are intent on getting the SBI Credit Card, you should keep in mind that the bank evaluates applicants’ credit and financial background during the decision-making process. Usually, they check out the annual salary and credit report of the applicants.
So, for your application, be ready to provide documents that can show your ability to maintain your credit card. You can apply online on the SBI card website by providing your full legal name, residence, and mobile number.
Then, you will be asked to present professional details such as your employment and annual income. Keep in mind that your financial and credit details can influence your credit limit.
Make sure to have important documents on hand when applying. This includes proof of identity and residence. You should also have your latest bank statement with recent payslips.
Interest Rates and Fees
The SBI SimplyClick Credit Card is a great option if you are looking for a new credit card. Make sure to consider the rates and fees of this card, which are listed below.
- Annual Fee: One-time Rs. 499
- Renewal Fee: Rs. 499 per year
- Interest Rate: 20 to 50 days interest-free, 40.2% per year
- Cash Advance Finance Charges: Up to Rs.25 or 3.35% per month (40.2% per annum) whichever is greater
- Cash Advance Fees for SBI and Domestic ATMs: 2.5% of withdrawal or Rs. 500, whichever is greater
- Cash Advance Fees for International ATMs: 2.5% of withdrawal amount or Rs. 500, whichever is greater
- Late Payment: Rs. 400 to Rs. 1300 depending on the amount
- Cheque Fee: Rs. 100
- Payment Dishonor Fee: 2% of the payment amount, subject to a minimum of Rs. 500
- Statement Retrieval Fee: Rs. 100 per statement, which is two or more months old
- Overlimit: 2.5% of overlimit amount subject to a minimum of Rs. 500
- Card Replacement Fee: Rs. 100
- Cash Payment Fee: Rs. 199
- Foreign currency transaction: Conversion mark up is 3.5%
To get in touch with the bank, you can mail them at SBI Cards and Payment Services Limited, Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034. You can also call them at 39 02 02 02.
There is nothing better than having a card that lets you stay safe and secure while offering a whole lot of benefits. The SBI SimplyClick Credit Card is just what you are looking for.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s terms and conditions page for more information.