<div><em>The card is apt for online shoppers but be aware of the restrictions before you sign up, reports <strong>Sunil Dhawan</strong></em></div><div> </div><div>Indian consumers are taking on to online shopping in a big way. And much of the online transactions are happening through credit or debit card. Credit card purchases, both online and offline, have over the years increased. Of late, Indian credit card consumers have also got hooked on the concept of reward points on their paperless card transactions. </div><div> </div><div>SBI Card has recently launched a credit card titled SimplyCLICK aimed at the online shoppers by sweetening the reward point offer to them especially on their online purchases. There a joining fees of Rs 499, while annual renewals is also at Rs. 499, which gets reversed if annual spend is Rs 1 lakh.</div><div> </div><div><strong>Online bonanza</strong>: For this card, SBI has entered into strategic partnership with Amazon India, BookMyShow, Cleartrip, FabFurnish, Food Panda, Lens Kart and Ola Cabs. If you are a frequent visitor to one or more of these sites, the card helps. On purchases on such sites, the user gets 10 times of reward points. On other online spends made through this card, it’s still fine with 5 times of reward points. Overall, the card is aimed at online purchases.</div><div> </div><div>Additionally, there will be e-voucher worth Rs.2,000 on annual online spends of Rs. 1 Lakh and e-voucher worth Rs.2,000 on annual online spends of Rs. 2 lakh. There’s a ‘welcome’ e-gift voucher worth Rs 500 from Amazon. </div><div> </div><div><strong>Watch-outs:</strong> Offline purchases will be dampener. SimplyCLICK SBI Card will be accepted in over 24 million outlets across the globe, including 3,25,000 outlets in India and the card can be used to make payments at any outlet that accepts Visa or MasterCard. However, for every Rs 100 spent, there is 1 reward point. </div><div> </div><div>For high fuel purchasers, the card may not be of much help. There’s the 2.5 per cent fuel surcharge waiver for each transaction between Rs.500 & Rs.3000 but it has been capped. The maximum surcharge waiver of Rs.100 per statement cycle, per credit card account will be there.</div><div> </div><div><strong>Fees: </strong>The interest free credit period is 20-50 days and is similar to other cards and is applicable only if previous months’ outstanding balance is paid. The interest charges is up to 3.35 per cent per month, accounting to 40.2 per cent per annum from the transaction. For online railway ticket, there’s a charge. Railway tickets through irctc.co.in will be 1.8 per cent of transaction amount + service charge, as applicable.</div><div> </div><div>The card suits online shoppers especially through the member sites. Also, go through the reward catalogue and evaluate the offers before you sign up.</div>
