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SBI SimplyCLICK Credit Card devaluation for Amazon and more

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UniqueDimer

I got the latest Statement for my SBI SimplyCLICK Credit Card.

I noticed a few devaluation due or done:

>Accrual of 10X Reward Points on online spends at Amazon.in with SimplyCLICK SBI Card will be revised to 5X Reward Points w.e.f 01 Jan’23. Your card will continue to accrue 10X Reward Points on online spends at Apollo 24X7, BookMyShow, Cleartrip , EazyDiner, Lenskart & Netmeds. T&C

>As per the RBI Master direction dated 21 April’22, cardholders are requested to update nominee details for the complimentary Air Accident / Personal Accident cover offered on their Credit Card(s). For details, refer Insurance Nominee section on the subsequent page.

>W.e.f. 01 Oct’22, Fees, Charges & GST will not accrue any interest, and will be included in the Minimum Amount Due. Interest will continue to accrue on customer initiated spends, interest & EMIs in the event of non-payment or delay in payment of Total Amount Due. Charges which are part of the transaction amount, like Fuel Surcharge, IRCTC Surcharge, etc. will also continue to accrue interest.

>W.e.f. 15 Nov 2022, Processing Fee on all Merchant EMI transactions will be revised to Rs.199 + applicable taxes from Rs.99 + applicable taxes.

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Crusader Crusader
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Just checked my latest statement after reading this post.. 

The main purpose of the card is gone now.. joy joy

Looks like SBIs way of welcoming me to simply click 🤣🤣
Crusader Crusader
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@guest_999 another stroke from SBI simply click joy
Deal Subedar Deal Subedar
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Final nail in the coffin 

Glad I got rid of SBI card  

Critic Critic
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Maybe but share holders of sbi card should be happy as at least now there will be some savings to offset the cashback card expenses to sbi card. smile
@MrKool_JJ
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Helpful Helpful
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After discontinuation of yono cashback, was it worth using for 2.5% on amazon  for shopping?

Pro Analyst Pro Analyst
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Yes, it was, and still is. There are other affiliates too, not just the YONO.
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Savings Mentor Savings Mentor
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So from Jan 2023, you need to spend 40K using SimplyCLICK on Amazon to get ₹500 gift card which is still less than its annual cost including GST.

(40000/100) = 400
400 x 5X = 2000 Reward points=₹500 gift card 🤦🏻‍♂️Then there's the ₹99 RP redemption fee.

Compare that with even 3% (non-Prime members) ICICI APay CC: ₹1200 for non-Prime, ₹2000 for Prime for 40K purchase.

With 10X on SimplyCLICK also, ICICI APay CC was winning. And it is LTF. What is SBI Cards thinking? smile

Critic Critic
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Since when simplyclick start charging fee for redemption?
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Pro Tech Guru Pro Tech Guru
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Today One Person is Most Happy I hope batane ki Jrurat nhi hai

Finance Ninja Finance Ninja
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Chalo aaj koi credit card to bank trick nahi post karta hu.

Kal karunga. logo ka aaj mood kharab hoga. 😛
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Finance Ninja Finance Ninja
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Nice move by SBI, VU 👍👍

Hope SBI Cashback Credit Card will soon get devalue.

Benevolent Benevolent
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you should consult a psychiatrist ASAP.
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Benevolent Benevolent
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Simply waste card

Savings Mentor Savings Mentor
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I feel ever since SBI Cashback card arrived, it became their favorite child and SimplyCLICK became stepchild smile

Finance Ninja Finance Ninja
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More reason for me to close the card.
Deal Cadet Deal Cadet
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The devaluation is a bit sad. I think they are only sending this in the statements as of now. Nothing updated on the website yet,

Deal Cadet Deal Cadet
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My simplyclick blocked & replaced last week, when I try pay via neft using new card number I am getting account number & ifsc missmatch

Finance Mentor Finance Mentor
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Have you reported the issue to CC? Looks like new card number isn't mapped to card account yet. This can get auto rectified after next statement.

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Finance Mentor Finance Mentor
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I only see the significant change in the OP is amazon devalued to 5X, not an issue for me. Use Millennia CC for 5% already that's agnostic whether any card offer is running or not. I got card in August and it has already paid me back several times the yearly renewal fees. With 1.25% return it covers a lot of my online needs without having ACE or FK card. Doesn't pay for wallet loads but covered by Millennia. Forex needs currently nil, but covered by OneCard if it arises. Also, no plan to run for SBI CB card now, will consider if they offer themselves later...

Deal Cadet Deal Cadet
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Does one card gives points for wallet load?
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Finance Mentor Finance Mentor
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I have revised the above post, mostly counted as transfers, no points. Have to be very careful about merchant id. @Tron

Finance Mentor Finance Mentor
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Contra idea: They partnered well for recent FK sales... is FK coming to 10x merchants soon?

Pro Analyst Pro Analyst
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Any use of speculation?
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Finance Mentor Finance Mentor
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@guest_999 Yes, good observations... but I feel inspite of bug loots and such, they have a good model of flashcards and devaluation, yet this festive season results-NII will be higher due to partnerships they skipped last year but very active this year, many people spending on big-ticket purchases and paying after months...

Deal Cadet Deal Cadet
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Source?

Pro Analyst Pro Analyst
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Source is the SBI Card Billing Statement generated in the month of November, 2022.
Deal Lieutenant Deal Lieutenant
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How to know, when yearly charges will deduct on simply click?
Pro Analyst Pro Analyst
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It's the month in which your first Bill was generated for your SimplyClick Card.
replyuser
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