Benefits of SBI credit card

November 4, 2024

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State Bank of India (SBI) offers a range of credit cards tailored to meet diverse needs, including lifestyle, travel, shopping, rewards, and more. Each card is designed with specific benefits and features to enhance user experience and provide substantial value. Here’s an overview of the primary types of SBI credit cards and their benefits:

SimplyCLICK SBI Card

The SBI SimplyCLICK Credit Card is tailored for online shoppers who want to earn rewards on e-commerce transactions, offering enhanced reward points for online shopping on popular platforms. With a low annual fee and straightforward benefits, this card provides value to those who frequently shop online and want to maximize their savings on digital purchases.

Key Features and Benefits of the SBI SimplyCLICK Credit Card

Welcome Offer:
- Cardholders receive 500 reward points as a welcome gift upon making their first online transaction, adding an immediate value for new users.
Enhanced Reward Points:
- 10X Reward Points: Earn 10 reward points per ₹100 spent on partner e-commerce websites, including Amazon, BookMyShow, Cleartrip, Netmeds, Lenskart, and UrbanClap.
- 5X Reward Points: Earn 5 reward points per ₹100 spent on all other online purchases, ensuring consistent rewards across online transactions.
- 1 Reward Point on Other Purchases: Earn 1 reward point per ₹100 spent on offline or in-store purchases.
Milestone Benefits:
- Cardholders receive e-gift vouchers worth ₹2,000 from Cleartrip on reaching annual spending thresholds of ₹1 lakh and ₹2 lakh. This benefit is particularly appealing for regular travelers or users with high annual spending.
Fuel Surcharge Waiver:
- A 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per month, helps users save on fuel costs.
Annual Fee:
- The SBI SimplyCLICK Credit Card has a low annual fee of ₹499, which is waived if annual spending crosses ₹1 lakh, making it easy to avoid fees through regular online shopping.
Easy Reward Redemption:
- Reward points earned can be redeemed against a variety of options, including products and vouchers from the SBI Rewards catalog, adding flexibility for cardholders.

Example of Potential Savings

Let’s say a cardholder spends ₹20,000 per month online, with ₹10,000 spent on partner websites and ₹10,000 on other online purchases:

10X Points on Partner Websites: 10X on ₹10,000 = 1,000 points
5X Points on Other Online Purchases: 5X on ₹10,000 = 500 points
Total Monthly Reward Points: 1,500 points (valued at approximately ₹375)

Over a year, this adds up to 18,000 reward points, translating into a redemption value of ₹4,500, which more than covers the annual fee and provides significant savings.

Who Should Consider the SBI SimplyCLICK Credit Card?

The SBI SimplyCLICK Credit Card is ideal for:

Frequent Online Shoppers: Those who frequently shop online, especially on partner sites, as they can maximize rewards.
Budget-Conscious Cardholders: With a low annual fee and potential for a waiver, this card offers good value with minimal cost.
Travel Enthusiasts: With milestone rewards from Cleartrip, the card provides extra benefits for those who book travel online.

With strong reward points on online spending, especially on partner websites, the SBI SimplyCLICK Credit Card is a great choice for those looking to save on online shopping, maximize their reward points, and enjoy milestone benefits.

SimplySAVE UPI SBI Card

The SBI SimplySAVE Credit Card is designed for individuals who want to save on everyday expenses, offering extra rewards on common spending categories like dining, groceries, movies, and departmental stores. This card is ideal for budget-conscious users who seek substantial savings on routine purchases and want a straightforward rewards structure.

Key Features and Benefits of the SBI SimplySAVE Credit Card

Welcome Offer:
- New cardholders can earn 2,000 bonus reward points by spending ₹2,000 within the first 60 days of card issuance, giving an initial boost in rewards.
Reward Points:
- 10X Reward Points: Earn 10 reward points for every ₹100 spent on dining, movies, grocery, and departmental store purchases.
- 1 Reward Point on Other Purchases: Earn 1 reward point for every ₹100 spent on other transactions.
Fuel Surcharge Waiver:
- Enjoy a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per billing cycle, helping save on fuel costs.
Easy Reward Redemption:
- Reward points can be redeemed for a wide range of items, including gift vouchers, merchandise, and statement credit. Each reward point is valued at around ₹0.25 for redemption against the statement balance.
Annual Fee Waiver:
- The annual fee of ₹499 is waived if the cardholder spends ₹1 lakh or more in a year, making it possible to avoid the annual fee through regular usage.
Low Annual Fee:
- With an annual fee of ₹499, the SimplySAVE Card is an affordable option that provides rewards without a high ongoing cost, ideal for budget-conscious users.

Example of Potential Savings

Consider a cardholder who spends ₹10,000 monthly on dining, movies, groceries, and departmental stores:

10X Points on Dining, Movies, Groceries, and Departmental Stores: ₹10,000 x 10X reward points = 1,000 points (equivalent to ₹250 in redemption value per month).
Additional Fuel Surcharge Waiver: Adds further savings on fuel transactions.

Over a year, these benefits can result in significant savings and effectively offset the annual fee for regular users.

Who Should Consider the SBI SimplySAVE Credit Card?

The SBI SimplySAVE Credit Card is best suited for:

Everyday Shoppers: Individuals who frequently spend on dining, groceries, movies, and department stores, as these categories yield maximum rewards.
Budget-Conscious Cardholders: Users who prefer a low annual fee and a simple rewards program.
Those Seeking Savings on Essentials: With 10X rewards on essential categories, this card is ideal for people looking to earn rewards on daily expenses without a high annual cost.

The SBI SimplySAVE Credit Card is a valuable choice for individuals who want to maximize rewards on everyday spending categories while keeping costs low.

SBI Miles card

The Air India SBI Signature Card (commonly referred to as the SBI Miles Card) is a premium travel card focused on providing value to frequent flyers, particularly those who prefer flying with Air India. It’s structured to offer substantial rewards on travel-related spending, particularly in the form of Air India miles that can be redeemed for flights.

Key Features and Benefits of the SBI Miles Card (Air India SBI Signature Card)

Welcome Bonus:
- Cardholders receive a substantial welcome bonus in Air India Miles upon joining, making it easy to start accumulating miles.
Air India Miles Accumulation:
- Earn 4 Air India Miles per ₹100 spent on Air India ticket bookings.
- Earn 2 Miles per ₹100 spent on other retail purchases.
- These miles can be redeemed on Air India and Star Alliance flights, giving flexibility to travelers across a range of airlines.
Milestone Benefits:
- Additional miles are awarded when certain annual spending thresholds are met, making this card highly rewarding for frequent travelers.
- Example: Earn 20,000 bonus miles on spending ₹5 lakh in a year and 50,000 bonus miles on spending ₹10 lakh in a year.
Airport Lounge Access:
- Complimentary access to select domestic and international lounges through the Visa or MasterCard lounge programs.
Priority Check-in and Other Travel Privileges:
- Priority check-in at airports, extra baggage allowance on Air India flights, and priority boarding, which enhance the overall travel experience.
Fuel Surcharge Waiver:
- 1% fuel surcharge waiver on transactions ranging from ₹500 to ₹4,000, making it beneficial for fuel purchases.
Insurance Cover:
- The card comes with an inbuilt insurance cover for lost baggage, delayed flights, and loss of passport, adding an extra layer of security for travelers.
Annual Fee:
- The card has an annual fee of around ₹4,999, which is often offset by the benefits and rewards, especially for frequent Air India flyers.
Add-On Card Benefits:
- The card allows add-on cards for family members, enabling them to accumulate Air India miles on their spending as well.

Who Should Consider the SBI Miles Card?

The SBI Miles Card is ideal for frequent flyers, particularly those who often travel on Air India or Star Alliance member airlines. The card offers significant value in terms of Air India miles, which can be redeemed for flights, upgrades, and other travel-related perks.

If you are a traveler who values lounge access, priority services, and the ability to accumulate miles efficiently, this card is a worthwhile consideration.

SBI IRCTC Card

The SBI IRCTC Credit Card is specially designed for frequent travelers on the Indian Railways, offering substantial benefits on railway ticket bookings made through IRCTC (Indian Railway Catering and Tourism Corporation). It provides perks like discounts on rail bookings, reward points, and exclusive benefits for travelers, making it a valuable option for those who regularly use the Indian railways for travel.

Key Features and Benefits of the SBI IRCTC Credit Card

Railway Ticket Booking Discounts:
- Cardholders receive up to 10% value back in reward points on AC1, AC2, AC3, and AC CC tickets booked through the IRCTC website or app, offering significant savings on railway travel.
Reward Points:
- 1 Reward Point for Every ₹125 Spent on non-fuel retail purchases, allowing users to accumulate points that can later be redeemed for railway tickets and other benefits.
- Reward points are redeemable against IRCTC transactions, making it easy to use points for future train bookings.
Fuel Surcharge Waiver:
- A 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per statement cycle. This helps frequent travelers save on fuel expenses when driving to the station or for other personal uses.
Transaction Fee Waiver:
- For bookings made through the IRCTC website or mobile app, users enjoy a waiver on the transaction charges that would normally be applicable on railway tickets, further reducing travel costs.
Annual Fee:
- The SBI IRCTC Credit Card has an affordable annual fee of ₹500, which is offset by the savings from rewards and fee waivers on railway bookings.
Exclusive Travel Benefits:
- Special Discounts on Travel Packages: Cardholders can enjoy discounts on IRCTC-operated tour packages, giving them a chance to save on additional travel and vacation expenses.

Example of Potential Savings

If a cardholder spends ₹20,000 annually on IRCTC ticket bookings:

10% Value Back in Reward Points: 10% of ₹20,000 = ₹2,000 in reward points that can be used for future bookings.
Transaction Fee Waiver: Save on booking charges that would otherwise be applied to these ticket transactions.

Who Should Consider the SBI IRCTC Credit Card?

The SBI IRCTC Credit Card is best suited for:

Frequent Train Travelers: Those who regularly use Indian Railways can maximize rewards and enjoy substantial savings on ticket purchases.
IRCTC Tour Package Users: Travelers who use IRCTC’s tour packages and services benefit from additional discounts.
Budget-Conscious Travelers: With its low annual fee, this card provides value without significant cost.

In summary, the SBI IRCTC Credit Card is an excellent choice for frequent railway travelers looking to save on train ticket purchases, earn valuable reward points, and enjoy other travel-related benefits.

SBI Cashback Card

The SBI Cashback Credit Card is designed for individuals who prioritize earning cashback on their everyday spending, especially on online transactions. This card is a straightforward, no-fuss option for cardholders looking to maximize savings on both online and offline purchases.

Key Features and Benefits of the SBI Cashback Card

Welcome Offer:
- New cardholders may receive a cashback reward on their first transaction or specific milestones, which varies based on the bank’s current offer.
High Cashback Rates:
- 5% Cashback on Online Transactions: One of the highest cashback rates available for online shopping, applicable across various e-commerce platforms.
- 1% Cashback on All Other Transactions: This includes in-store and offline purchases, making it a versatile cashback card.
Automatic Cashback Credit:
- Cashbacks earned are automatically credited to the cardholder’s account, usually within the billing cycle, making it easy to keep track of savings without additional steps.
No Merchant Restrictions:
- Unlike some cards that restrict cashback to specific partner merchants, the SBI Cashback Card allows you to earn cashback on any online transaction, giving you more freedom in where you shop.
Fuel Surcharge Waiver:
- A 1% fuel surcharge waiver is available on fuel transactions between ₹500 and ₹3,000, with a monthly cap, which helps to save on fuel costs.
Annual Fee:
- The SBI Cashback Card typically has an annual fee of ₹999, which can be offset through cashback earnings, especially for those who make substantial online purchases.
Easy Redemption Process:
- Unlike some reward programs, which require points to be converted, the cashback is credited directly, simplifying the redemption process and enhancing the user experience.

Example of Potential Savings

Let’s say a cardholder spends ₹50,000 per month, of which ₹30,000 is on online transactions:

Online Spend: 5% cashback on ₹30,000 = ₹1,500
Offline Spend: 1% cashback on ₹20,000 = ₹200
Total Monthly Cashback: ₹1,700

With this spend, a cardholder can save around ₹20,400 annually, which easily covers the annual fee and offers substantial savings on top of it.

Who Should Consider the SBI Cashback Card?

The SBI Cashback Card is best suited for:

Online Shoppers: Those who frequently shop online and want to earn substantial cashback on all online purchases.
Everyday Spenders: With cashback available across categories, this card provides consistent savings.
Minimalist Reward Seekers: If you prefer straightforward cashback rather than managing reward points, this card’s simplicity is ideal.

With competitive cashback rates, a fuel surcharge waiver, and ease of use, the SBI Cashback Card is an excellent choice for those looking to maximize savings without having to navigate a complex rewards structure.

General Benefits Across SBI Credit Cards:

Reward Points Program: Earn reward points on various spends; redeemable for products, vouchers, and services.
Fuel Surcharge Waiver: Many SBI cards offer a 1% fuel surcharge waiver at select petrol pumps.
Balance Transfer on EMI: Allows transferring outstanding balances from other cards at a lower interest rate.
Easy EMI Conversion: Split large purchases into EMIs for easier repayment.
Flexi-Pay Option: Convert purchases above ₹2,500 into EMIs.

Each card caters to specific spending habits and lifestyles, so selecting the right SBI card depends on individual needs, whether it’s travel perks, fuel savings, online shopping, or just everyday rewards.