HDFC MoneyBack Plus vs SBI SimplyClick Credit CardHDFC MoneyBack Plus vs SBI SimplyClick Credit Card

HDFC MoneyBack Plus Vs SBI SimplyClick Credit Card

As the leading credit card issuers in India, HDFC Bank and SBI Card offer diverse credit cards with exclusive perks across various categories. The SBI SimplyClick Credit Card and HDFC MoneyBack Plus Credit Card, both entry-level options with a nominal Rs. 500 annual fee, compete directly. While lacking premium privileges like lounge access, they provide significant savings on purchases. Milestone benefits offer annual gift vouchers. Similar advantages make choosing between these cards a common dilemma for individuals seeking an optimal credit solution.

Features and Benefits of HDFC MoneyBack Plus Credit Card and SBI SimplyClick Credit Card

HDFC MoneyBack Plus Credit Card:

  1. Affordable annual fee of Rs. 500.
  2. Joining bonus of 500 Cash Points.
  3. Earn 20 Cash Points on every Rs. 150 spent.
  4. 5x Cash Points on EMI transactions with selected merchants.
  5. Cash Points capped at 2,500 per category monthly.
  6. Redeem points at 1 Cash Point = Re. 0.25.
  7. Quarterly spending over Rs. 50,000 gets a gift voucher.
  8. 15% dining discount at 2,000+ Indian restaurants.
  9. 1% fuel surcharge waiver on all fuel transactions.

SBI SimplyClick Credit Card:

  1. Joining fee of Rs. 500 with Rs. 500 Amazon voucher.
  2. Earn 10 Reward Points on every Rs. 100 spent.
  3. 5x Reward Points on online spending.
  4. 10x Reward Points on partner brands like Amazon and BookMyShow.
  5. Capped at 10,000 accelerated points per month.
  6. Cleartrip voucher worth Rs. 2,000 for every Rs. 1 lakh spent.
  7. 1% fuel surcharge waiver, capped at Rs. 100 monthly.
  8. Renewal fee waiver upon spending over Rs. 1 Lakh in the previous year.

Fee and Charges of HDFC MoneyBack Plus Credit Card and SBI SimplyClick Credit Card

HDFC MoneyBack Plus Credit Card:

  • Joining Fee: Rs. 500
  • Renewal Fee: Rs. 500
  • The yearly expenditure allocated for the renewal fee waiver amounts to Rs. 50,000.

SBI SimplyClick Credit Card:

  • Joining Fee: Rs. 499
  • Renewal Fee: Rs. 499
  • Annual Spends for Renewal Fee Waiver: Rs. 1,00,000 or more

Comparison between HDFC MoneyBack Plus Vs SBI SimplyClick Credit Card

HDFC MoneyBack Plus Credit Card:

  • Joining Fee: Rs. 500
  • Renewal Fee: Rs. 500
  • Annual spends required for renewal fee waiver: Rs. 50,000 or more

1. Welcome Benefit:

  • Welcome Benefit: 500 Cash points (equivalent to Rs. 125)

2. Rewards:

  • Get 2 Cash Points for every Rs. 150 spent. Plus, earn 5 times Cash Points on transactions, whether EMI or non-EMI, at specific merchants.
  • 10x Cash Points on partner brands (Amazon, Flipkart, Big Basket, Swiggy, etc.)

3. Milestone Benefits:

  • Gift voucher worth Rs. 500 on spending over Rs. 50,000 in a calendar quarter.

4. Other Benefits:

  • Fuel Surcharge Waiver: 1% fuel surcharge waiver capped at Rs. 250 per month
  • Dining benefits: Up to 15% off on dining across 2,000+ premium restaurants.

SBI SimplyClick Credit Card:

  • Joining Fee: Rs. 499
  • Renewal Fee: Rs. 499
  • Annual spends required for renewal fee waiver: Rs. 1,00,000 or more

1. Welcome Benefit:

  • Welcome Benefit: Amazon gift voucher worth Rs. 500

2. Rewards:

  • Earn one reward point for every Rs. 100 spent offline.
  • 5x Reward Points on all online spends
  • 10x Reward Points on partner brands (Amazon, Cleartrip, Lenskart, BookMyShow, Dineout, etc.)

3. Maximum Cap on Reward Points:

  • HDFC: 2,500 points/month (5x and 10x categories)
  • SBI: 2,500 points/month (5x category), 10,000 points/month (10x category)

4. Each reward point holds the equivalent value of a cash point, both being worth 0.25 INR.

5. Reward Rate: Up to 3.33% (HDFC), Up to 4.5% (SBI)

6. Milestone Benefits:

  • Cleartrip e-voucher worth Rs. 2,000 on spending Rs. 1 lakh in a year.
  • Additional e-voucher worth Rs. 2,000 on spending Rs. 2 lakhs in a year.

7. Other Benefits:

  • Fuel Surcharge Waiver: 1% fuel surcharge waiver capped at Rs. 100 per month
  • Dining benefits: Not applicable

Which credit card suits you best?

  1. Evaluate features and benefits before choosing between two cards.
  2. There isn’t a single card that’s perfect for everyone. It’s important to take into account individual preferences and spending patterns when choosing a card.
  3. Minimal differences in benefits, focus on preferred brands.
  4. The HDFC MoneyBack Plus program rewards you with 500 Cash Points, equivalent to Rs. 125, whereas SBI SimplyClick greets you with a Rs. 500 gift voucher upon enrollment.
  5. SBI SimplyClick might be preferable for movie enthusiasts due to 10x Reward Points on BookMyShow.
  6. HDFC MoneyBack Plus is ideal for frequent Flipkart shoppers, earning 10x Reward Points.
  7. Don’t base card choice solely on welcome benefits; compare all relevant factors.

Frequently Asked Questions (FAQs)

1. What are the annual fees for HDFC MoneyBack Plus and SBI SimplyClick Credit Cards?

  • HDFC MoneyBack: Rs. 500
  • SBI SimplyClick: Rs. 500 (with a welcome gift of Rs. 500 Amazon voucher)

2. What are the methods through which rewards can be attained with these credit cards?

  • HDFC MoneyBack: 20 Cash Points on every Rs. 150 spent.
  • SBI SimplyClick: 10 Reward Points on every Rs. 100 spent.

3. What are the specialized reward categories for each card?

  • For HDFC MoneyBack, you can earn 5 times and 10 times Cash Points at selected merchants. As for SBI SimplyClick, you get 5 times and 10 times Reward Points when you shop with partner brands such as Amazon and BookMyShow.

4. Are there caps on accelerated rewards points?

  • HDFC MoneyBack: Yes, 2,500 points per category monthly.
  • SBI SimplyClick: Yes, capped at 10,000 accelerated points per month.

5. How can I redeem the earned points?

  • The HDFC MoneyBack program offers 1 Cash Point, valued at Re. 0.25, which can be redeemed for statement cash, travel bookings, or products.
  • SBI SimplyClick: Cleartrip vouchers for milestone spending.

6. Do these cards offer dining discounts?

  • HDFC MoneyBack: Yes, up to 15% off at 2,000+ restaurants.
  • SBI SimplyClick: No specific dining discounts mentioned.

7. Is there a fuel surcharge waiver on these cards?

  • HDFC MoneyBack: Yes, 1% waiver capped at Rs. 250 per billing cycle.
  • SBI SimplyClick: Yes, 1% waiver capped at Rs. 100 per month.

8. How can I get a renewal fee waiver?

  • HDFC MoneyBack: Spend more than Rs. 50,000 in the previous year.
  • SBI SimplyClick: Spend more than Rs. 1 Lakh in the previous year.

9. Are there additional joining benefits?

  • HDFC MoneyBack: Yes, a welcome gift of 500 Cash Points.
  • SBI SimplyClick: Yes, a welcome gift of Rs. 500 Amazon voucher.

10. Which card is better for online spending?

  • The HDFC MoneyBack card provides bonus points at selected online vendors, while the SBI SimplyClick card offers five times the reward points for any online purchases.

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