Check below for a comparison between HDFC MoneyBack vs SBI SimplySave Credit Card or SBI SimplySave Credit Card vs HDFC MoneyBack and find which is better–
In the realm of credit cards tailored for everyday spending, the comparison between the HDFC MoneyBack Credit Card and the SBI SimplySave Credit Card emerges as a strategic choice for individuals seeking optimized financial benefits.
The HDFC MoneyBack Credit Card is celebrated for its versatility, offering cashback rewards on a variety of expenditures, making it an ideal choice for those prioritizing instant savings on routine transactions.
Conversely, the SBI SimplySave Credit Card provides a simplified yet effective rewards structure, with benefits on essential categories like groceries, dining, and departmental store purchases.
This comprehensive analysis navigates through the unique attributes of each card, empowering users to make an informed decision based on their specific spending patterns, preferences, and lifestyle choices.
Whether you prioritize versatile cashback rewards or seek simplified benefits on everyday essentials, understanding the nuanced features of these credit cards will guide you toward the one that seamlessly aligns with your financial goals and individual aspirations.
Table of Contents
Overview of HDFC MoneyBack Credit Card
As a welcome and renewal benefit, you are entitled to 500 Cash points every year upon payment of the joining or renewal fee.
Additionally, the renewal fee can be waived based on your annual spending. This card rewards you with 4 Reward Points for every Rs. 150 spent online and 2 Reward Points for every Rs. 150 spent on other categories.
Redeem these points for cashback, SmartBuy flight/hotel bookings, and an assortment of products/vouchers. Moreover, quarterly spending can earn you gift vouchers every quarter.
Overview of SBI SimplySave Credit Card
Earn one Reward Point for every Rs. 100 spent, with a Reward Rate of 0.25%. Additionally, enjoy 10 times more reward points when using this card for Dining, movies, departmental stores, and grocery purchases, among other benefits.
Welcomes you with the added advantage of 2000 bonus reward points.
The card offers boosted reward points for grocery, movies, and departmental store transactions, catering especially to newcomers in the credit realm aiming to cut costs on their daily essentials.
On top of the rewards, enjoy an annual fee waiver by spending Rs. 1 lakh or more using the card.
HDFC MoneyBack vs SBI SimplySave Credit Card
| Features/Charges | HDFC Moneyback Credit Card | SBI SimplySave Credit Card |
|---|---|---|
| Joining Fees | Rs 500 | Rs. 499 + taxes |
| Annual Fees | Rs 500 | Rs. 499 + taxes |
| Welcome Benefits | A membership fee payment results in a welcome benefit of 500 Cash Points. | Obtain 2000 reward points (equivalent to Rs. 500) when you spend Rs. 2000 or more within the initial 60 days using this card. |
| Cashback / Rewards point | Obtain 4 Reward Points for every Rs 150 spent online, and on any other spend, receive 2 Reward Points. | Earn one Reward Point for every Rs. 150 spent, with a Reward Rate of 0.25%. Additionally, enjoy 10 times more reward points when using this card for Dining, movies, departmental stores, and grocery purchases |
| Dining benefits | Get up to 20% off on your restaurant expenditures through Swiggy Dineout. | Receive a tenfold increase in reward points for dining when using this card. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | The annual fee is negated upon reaching a spending of Rs. 50,000 or more in the last year. | The annual fee is waived if your annual spending exceeds Rs. 1,00,000 with this card. |
| Fuel surcharge waiver | All fuel transactions receive a waiver on the 1% fuel surcharge. | Obtain a 1% fuel surcharge waiver when using this card at any fuel station across India. |
