SBI SimplyClick Credit Card vs BoB Easy Credit CardSBI SimplyClick Credit Card vs BoB Easy Credit Card

SBI SimplyClick vs BoB Easy Credit Card

While the Indian market boasts numerous premium credit cards, individuals, especially those lacking extensive credit card experience, tend to lean towards basic or entry-level options. Among the top-tier basic cards in India, the SimplyClick Credit Card from SBI consistently holds a prominent position. Providing formidable competition is Bank of Barda’s Easy Credit Card, which stands out as a lifetime free option. Individuals often grapple with the dilemma of choosing between a lifetime free credit card like the BoB Easy Credit Card and a low annual fee card with attractive rewards and benefits. If you find yourself in a similar predicament while searching for a basic credit card, this article aims to provide clarity.

SBI’s SimplyClick Credit Card, with a modest fee of Rs. 500, boasts an impressive reward rate across various categories. In contrast, the BoB Easy Credit Card, being a lifetime free card, offers a decent reward rate but comes with only a handful of basic features. To make an informed decision about the right credit card for your needs, it is crucial to conduct a thorough comparison based on essential factors such as annual fees, rewards, benefits, and other applicable fees and charges.

Features and Benefits of SBI SimplyClick Credit Card and BoB Easy Credit Card

SBI SimplyClick Credit Card:

  1. Welcome Benefit:
    • Receive a Rs. 500 Amazon voucher upon payment of the Rs. 500 annual membership fee, delivered within 30 days.
  2. Reward Points:
    • Earn 1 Reward Point for every Rs. 100 spent offline.
    • Gain 5x Reward Points on all online purchases.
    • Enjoy 10x Reward Points on selected merchants like BookMyShow, Cleartrip, Dineout, Lenskart, Apollo24x7, and Netmeds.
  3. Cleartrip Vouchers:
    • Obtain Cleartrip vouchers up to Rs. 4,000 based on annual spending milestones.
    • Get a Rs. 2,000 voucher on spending Rs. 1 lakh and an additional Rs. 2,000 voucher on reaching Rs. 2 lakhs annual spend.
  4. Annual Fee Waiver:
    • You won’t be charged the yearly fee if you spend Rs. 1 lakh or above in the previous year.
  5. Fuel Surcharge Waiver:
    • Avail a 1% fuel surcharge waiver on all fuel purchases.

BoB Easy Credit Card:

  1. Zero Annual Fee:
    • No annual fee, making it ideal for entry-level credit card users.
  2. Reward Points:
    • Earn 1 Reward Point for every Rs. 100 retail spend.
    • Receive 5x Reward Points on grocery, movie tickets, and departmental store purchases.
  3. Cashback:
    • Enjoy 0.5% cashback on credit card bill payments.
  4. Redemption Options:
    • Redeem earned reward points at the BoB Rewardz portal against various options, with a rate of 1 RP = Re. 0.25.
  5. Fuel Surcharge Waiver:
    • Benefit from a 1% fuel surcharge waiver, capped at Rs. 250 per month.
  6. Security Feature:
    • Zero liability protection against a lost card.

Comparison between SBI SimplyClick Credit Card and BoB Easy Credit Card

SBI SimplyClick Credit Card:

  1. Annual Fee: Rs. 499
  2. Rewards Rate:
    • Earn one reward point for every Rs. 100 spent on retail purchases.
    • 5x reward points on all online spends.
    • 10x Reward points on selected partner brands like BookMyShow, Netmeds, Apollo 24*7, etc.
  3. Reward Redemption: Earned reward points redeemable against various products and options at a rate of 1 RP = Re. 0.25.
  4. Other Benefits:
    • Cleartrip vouchers worth up to Rs. 4,000 on achieving an annual spend of Rs. 2 lakhs.
  5. Spend-Based Waiver: Annual fee waived on spending Rs. 1 lakhs or more in the previous year.

BoB Easy Credit Card:

  1. Annual Fee: Nil
  2. Rewards Rate:
    • Earn one reward point for every Rs. 100 spent on retail purchases.
    • 5x Reward points on departmental stores, groceries, and movies.
  3. Reward Redemption: Reward points redeemable against various options, including cashback, at a rate of 1 RP = Re. 0.25.
  4. Other Benefits:
    • 0.5% cashback on credit card bill payments.
  5. Spend-Based Waiver: Not applicable (NA).

Which credit card suits you best?

  • SBI SimplyClick and BoB Easy Credit Card are recommended for initiating your credit journey and establishing a positive credit history.
  • Opt for BoB Easy Credit Card if you’re new to the credit card world with no credit history, thanks to its zero annual fee and suitability for those with zero experience.
  • If you’ve already started your credit journey through other cards or buy now pay later options, consider SBI SimplyClick Credit Card, especially if you frequently make online purchases.
  • While SBI SimplyClick has a nominal annual fee, it’s justified for frequent online shoppers; the fee can also be waived by meeting the required annual spending.
  • Choose the card that aligns with your specific requirements and spending behavior.
  • Neither card is universally the best; the decision depends on individual needs.
  • Conduct a thorough comparison between the two and select the one that better suits your preferences.

Frequently Asked Questions (FAQs)

Q1: What are the key features of SBI SimplyClick Credit Card and BoB Easy Credit Card?

A1: Both cards offer distinct features. SBI SimplyClick is tailored for online shoppers with benefits like accelerated rewards on online spends, while BoB Easy Credit Card is designed for those starting their credit journey, with a focus on simplicity and zero annual fees.

Q2: Is there an annual fee associated with these credit cards?

A2: SBI SimplyClick Credit Card has a nominal annual fee, whereas BoB Easy Credit Card comes with zero annual fees, making it suitable for those with no credit history.

Q3: Which card is recommended for individuals with no credit history?

A3: BoB Easy Credit Card is preferable for individuals new to the credit card world and lacking a credit history, thanks to its zero annual fee and user-friendly features.

Q4: Are there any specific benefits for online shoppers with SBI SimplyClick Credit Card?

A4: Yes, SBI SimplyClick offers accelerated rewards and benefits tailored for frequent online shoppers, making it an excellent choice for those who make regular online purchases.

Q5: Can the annual fee for SBI SimplyClick Credit Card be waived?

A5: Yes, the annual fee for SBI SimplyClick can be waived by meeting the required annual spending, making it a more flexible option for certain users.

Q6: How do I decide between SBI SimplyClick and BoB Easy Credit Card?

A6: The decision should be based on individual needs and spending behavior. Consider your credit history, online shopping habits, and preference for annual fees to make an informed choice.

Q7: Are these credit cards suitable for everyone?

A7: No, the suitability of each card depends on individual requirements. Assess your spending patterns and needs before choosing between SBI SimplyClick and BoB Easy Credit Card.

Q8: Can I use these cards internationally?

A8: Both SBI SimplyClick and BoB Easy Credit Card can be used internationally, but it’s advisable to check for specific terms and conditions related to international transactions.

Q9: Are there any rewards or cashback programs associated with these credit cards?

A9: Yes, both cards offer rewards programs. SBI SimplyClick provides accelerated rewards on online spending, while BoB Easy Credit Card may have its own cashback or rewards system. Check the details for each card.

Q10: Can I apply for these credit cards online?

A10: Yes, the application for both SBI SimplyClick and BoB Easy Credit Card can typically be done online through the respective bank’s website. Check the bank’s official portal for the most accurate and up-to-date application process.

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