SBI Rupay Credit card
Do you order Food on Swiggy ? [or]
Do you buy Movie tickets though Book My Show or else do you buy Medicines from Apollo 24×7 or Ned Meds? [or]
Do you Travel more ?
If yes, then, in this post, I will share with you completely about State Bank of India (SBI )Credit Card i.e. SBI Simply Click Credit Card. It offers you with 10X Reward Points on all the above mentioned shopping including Dominos, Yatra, Lenskart etc.,
Without a further ado let’s see What are the Features or Benefits this Credit card is offering?
And i also share my Genuine opinion on this Credit card by discussing about its Drawbacks as well. You can also apply for this Credit card as well.
Let’s get Started about “SBI Simply Click Credit Card details”..!!
If needed You can watch this post in Telugu language
What Benefits you get from this SBI Rupay Credit Card ?
SBI Simply Click Credit Card Benefits
Let me go through 9 Top benefits offering by this Credit Card [Incl. My Analysis]
1. Log-in-Gift
Firstly, When it comes to the benefits offered by this SBI Rupay Credit card, the first thing to be mentioned about Log-In-Gift.
It means, the State Bank of India will offer a Gift Card worth of Rs.500/- rupees from Amazon India to this Credit card holders.
To avail this feature on this card, you have to pay a Joining fee of Rs.499/- excluding GST. If GST included, you should pay Rs.589/- as a Joining fees. In consideration, SBI is offering you a Rs.500/- worth of Amazon gift card.
So, please consider if it is a benefit for you.
2. Annual Fees Reversal
Moreover, If you spend more than Rs.1,00,000/- in one year, then, you are not supposed to pay Renewal fees of Rs.499/- for the next year. Simply, Zero Renewal Fees.
My Analysis
This feature can’t be said to be very beneficial to the Cardholder but if you spend through this credit card for any of your need, then, this voucher might be helpful for you.
“It’s not wrong to spend for your need and take the benefit but never spend it for the sake of benefit without need.”
Ultimately, You will loose your money My dear Friend.
3. Milestone Benefits
Do you Travel more ?
If Yes, SBI will offer you a Clear Trip and Yatra E- vouchers for this Credit card holders.
E-vouchers are nothing but Digital vouchers. The State Bank of India (SBI) will send Rs.2,000/- worth of E-Vouchers to this card holders either through Mail or SMS. The card holder can use these vouchers while planning for Domestic or International Flight bookings.
In order to get this benefit, this this SBI Rupay Credit card holder should spend Rs.1 lakh or Rs.2 lakh annually. As soon as you spend it, you will become a Milestone reacher, so you will receive this Coupon code on your Mobile within 30 days.
My Analysis
SBI named this benefit as a Milestone benefit. But I honestly don’t understand that Milestone Benefit is either from the Customer’s point of view or from the SBI’s point of view. Because when you spend an amount of Rs.1 lakh, for that SBI is offering benefit worth of Rs.2,000/- i.e. just 2% only.
In this case, if the customer failed to pay Rs.1,00,000/- and becomes outstanding, then, SBI will charge more interest from the customer than providing 2% worth of benefit.
4. E-Shopping rewards / Reward Points
Let’s see how many reward points you will get by this SBI Rupay Credit Card.
10X Reward Points
If you shop regularly on Swiggy, Book My Show, Myntra, Apollo 24/7, Netmeds, Yatra, Clear Trip, then, SBI offers you 10X reward points on these brand purchases through this SBI Simply Click Credit Card.
5X Reward Points
Also, SBI offers you 5x Reward points regardless of the remaining shopping.
This 5x reward points will be applicable only on the remaining Online spends except as mentioned above.
The twist is that SBI is not offering 5x Reward points on Utility bill payments. But if you make Rental Payment online, then, You will get 1X Reward points.
Zero Reward Points
Also, even if you use this SBI Rupay credit card to load money in E-Wallet, you will not get any reward points. Also for Cash Advance, Balance Transfer, EnCash, Flexipay, you would get Zero Reward Points.
Not only that if you use this card and pay for Fuel transactions Offline, you will get zero reward points.
And 1 reward point is worth 0.25/- paisa. If you want to earn 1 reward point, you have to spend at least Rs.100/- using this Credit Card.
My analysis
So, Under 5X Reward points, you can earn Maximum 10,000 reward points in one calendar month. It means the Maximum Monthly reward points worth comes to Rs. 100/- only. SBI says that this is the benefit you will get in this 5X category.
5. Contactless Card feature
This SBI Rupay Credit card comes with Contactless technology. It means you can just tap and can complete the payment without swiping it at the Point of Sale (POS) Machine.
6. World wide acceptance
You can use this card at almost 325,000 outlets in India including Foreign countries. If you shop at any outlet, if such outlet accepts Visa or MasterCard, then, you can use this card and can make payment.
7. Can I Withdraw Money ?
This SBI Rupay Credit card holders can use this card to Withdraw money from Visa or MasterCard ATMs across the globe.
8. Electricity, Utility bill payments
Besides, you can pay your Electricity bill payment like Mobile bills, Utility bills, Internet bills etc. by using this SBI Rupay Credit card.
9. Can I convert any Transaction into EMI ?
Which Purchase transactions can be converted into EMI?
If you find it difficult to pay the amount you have spent, there is a facility to convert your Purchase transactions into EMI, but for this you should know about the facility called “Flexi Pay“.
If you use this SBI Rupay credit card and do any Purchase transaction above Rs.2,500/- rupees then, you can convert those transactions into EMI through the www.sbicard.com and give username and password and you have a chance to convert to this EMI within 30 days from the date of transaction.
You can repay your EMI converted transaction in 3 months, 6 months, 9 months, 12 months, 18 months, 24 months period. But the EMI Conversion is not Free, you should pay 1% Processing Fee.
Who are Eligible?
SBI Simply Click Credit card Eligibility
Individuals
– Aged 23 years old
– Only Salaried employees having Salary of more than Rs.25.000/- with
– CIBIL Score of 700+
are eligible to apply for this card.
10. Fuel Surcharge Waiver
SBI has brought an old feature with a New name of “Enjoy Complete Fuel Freedom“. It’s none other than “Fuel surcharge Waiver”
By using this SBI Rupay Credit Card If you spend on Petrol/Diesel between Rs.500-Rs.3,000/- in any fuel stations, then, a Fuel Surcharge will be charged. It may be around 1-3% of your Fuel Cost.
In case you paid it through this card, you will be eligible for “Fuel Surcharge Waiver” i.e. @1% will be reversed.
Credit Card Charges [Must Read]
1. Cash advance charges / Cash Withdrawal charges
If you withdraw Cash by using this SBI Rupay Credit card, a Transaction fee would be levied on all such Cash Withdrawals at Domestic or International ATM’s. Such fees would be billed to the Cardholder in the next statement. A transaction fee of 2.5% or Rs.500/- whichever is higher will be charged at domestic and international ATMs.
It is my sincere and humble request for all the Credit Card users that Whatever the Credit card you use, you Please don’t make any Cash Withdrawals by using your Credit Card. Consider this as my Personal request.
A Small request to all
You can Withdraw Money using this SBI Rupay Credit card but Don’t withdraw cash from any credit card. If you have urgent cash requirement / Cash crunch, then I suggest you to take a Gold Loan or a Personal Loan. Those are much better options.
Because in a Personal Loan, every month you pay Principal amount plus Interest as an EMI. The rate of interest for Personal Loan ranges from 15 to 20% p.a. on a higher note.
Do you know how much Interest you will be charged on Credit Cards ?
As per the SBI Card website, the Rate of interest will be charged is upto 3.25% per month. It means you have to pay up to 42% per annum as a Finance / Interest charges on your Credit Card Outstanding balance.
2. Interest charges / Finance Charges ?
You have used this SBI Rupay Credit card and bought all the stuff you need.
But you don’t have enough money to pay the Credit Card Outstanding amount.
Then, the bank will charge you Interest between @3.50% per month. It means, the Annual interest is almost 42% per annum.
These finance charges won’t be stopped until you pay off your Credit Card outstanding balance in Full.
3. Late payment charges
Apart from Interest charges, if you delay paying this SBI Rupay Credit card Outstanding by 1 day, you will have to pay Penalty Charges on top of your Credit card Outstanding.
Generally, the Late payment charges ranges from Minimum Rs.400/- rupees to Maximum Rs. 1,300/- depending on your Credit card outstanding. If your credit card outstanding balance is more than Rs.500/- to Rs.50,000/- ,then you will incur the Late payment charges.
So if you use credit card you have to be very organized and should deal with Credit card timelines properly.
4. Over the limit charges
You might not have heard about these charges earlier. Let check it out.
If you spend more than available limit on the credit card. That means you have over used your Credit card. Then, you will be charged with “Over The Limit charges”.
The more you spend than your SBI Rupay Credit card limit, the more you will be charged i.e. @2.50% on the overdrawn amount. The Minimum amount will be charged starts from Rs.600/- rupees.
Draw backs
There is no lounge benefit in this SBI Rupay credit card. Earlier Amazon was also included in 10X Rewards category but now it’s been excluded from this category.
To Whom it is useful?
If you regularly shop online and want a Contactless card for yourself, then you can try this SBI Rupay credit card. This card is main suggestable for Millennials and also for the First time Credit Card users.
Thanks for your time 🙂
