Check below for a comparison between the Paytm SBI card vs SBI SimplySave credit card or SBI SimplySave credit card vs Paytm SBI card and find which is better –
In the dynamic landscape of credit cards, the comparison between the Paytm SBI Card and the SBI SimplySave Credit Card emerges as a strategic decision for individuals seeking optimal financial solutions.
The Paytm SBI Card, born from the collaboration of two prominent entities, offers a unique blend of benefits, integrating Paytm’s digital prowess with SBI’s financial expertise, providing cashback rewards and exclusive deals on Paytm transactions.
Conversely, the SBI SimplySave Credit Card caters to everyday needs with a straightforward approach, offering cashback rewards on essential categories like groceries and dining.
This comprehensive analysis delves into the distinctive features of each card, empowering users to make an informed decision based on their specific digital spending patterns, preferences, and lifestyle choices.
Whether you prioritize integrated digital benefits or seek practical savings on routine expenditures, understanding the nuanced attributes of these SBI credit cards will guide you toward the one that seamlessly aligns with your financial goals.
Table of Contents
Paytm SBI card vs SBI SimplySave credit card
Overview of Paytm SBI card
The Paytm SBI credit card is a collaborative card introduced in partnership between SBI Cards and Paytm. Users receive a 3% cashback for every Rs 100 spent on Paytm Mall, movies, and travel.
Additionally, a 2% cashback is provided for purchases made across all other categories using the Paytm App, and a 1% cashback is applicable to other online and offline transactions.
Furthermore, cardholders enjoy a complimentary subscription to Paytm First Membership, entailing benefits valued at up to Rs 25,000. A complimentary Paytm First Membership voucher is awarded for annual spending of Rs 1,00,000 with this credit card.
Overview of SBI SimplySave credit card
Receive 1 Reward Point on every Rs. 100 spent, boasting a 0.25% Reward Rate. Plus, take advantage of 10 times the reward points for expenditures on Dining, movies, departmental stores, and grocery shopping with this card.
Kick off with the enticing offer of 2000 bonus reward points. The card stands out by providing extra reward points for grocery, movies, and departmental store shopping—ideal for those new to credit, looking to trim expenses on their everyday needs. Plus, benefit from an annual fee waiver upon spending Rs. 1 lakh or more.
Paytm SBI card vs SBI SimplySave credit card
| Features/Charges | Paytm SBI Card | SBI SimplySave Credit Card |
|---|---|---|
| Joining Fees | Rs 499 + GST | Rs. 499 + taxes |
| Annual Fees | Rs 499 + GST | Rs. 499 + taxes |
| Welcome Benefits | Receive a complimentary Paytm First membership valued at Rs. 899. Upon renewal, when your yearly expenditures reach Rs. 1 lakh, you’ll be presented with a free Paytm First Membership voucher. | Earn 2000 rewards points (worth Rs. 500) by making purchases of Rs. 2000 or more within the first 60 days with this card. |
| Cashback / Rewards point | Receive a 1% cashback on your transactions at both online and offline retailers, along with a generous 5% cashback on a variety of services such as travel and movies. This cashback offer applies to every transaction, and there’s no limit on how many times you can benefit from it. | Receive 1 Reward Point on every Rs. 150 spent, boasting a 0.25% Reward Rate. Plus, take advantage of 10 times more reward points for expenditures on Dining, movies, departmental stores, and grocery shopping with this card. |
| Dining benefits | Receive a 5% cashback on all transactions made in the dining category. | Enjoy ten times the rewards points specifically for dining with this card. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | N/A | Enjoy an exemption from the annual fee when your yearly expenditures on this card surpass Rs. 1,00,000. |
| Fuel surcharge waiver | Benefit from a 1% waiver on fuel surcharge for every transaction falling within the Rs.500 to Rs.3,000 range at all petrol stations across India. | Enjoy a 1% fuel surcharge exemption when you use this card at fuel stations throughout India. |
