SimplyCLICK SBI Card vs CitiBank Cashback Credit CardSimplyCLICK SBI Card vs CitiBank Cashback Credit Card

SimplyCLICK SBI Card vs CitiBank Cashback Credit Card

The SBI SimplyCLICK Credit Card, though considered an entry-level option, is highly favored by those new to credit cards. It’s particularly popular among frequent online shoppers, especially those who patronize specific brands like Amazon, Apollo24x7, and BookMyShow. Offering a generous reward rate of 2.5% for such purchases, and 1.25% for other online transactions, it also grants 0.25% rewards for offline spends. However, it’s important to understand that this card focuses solely on earning reward points and lacks additional benefits. With a modest joining and renewal fee of Rs. 499, it provides a decent opportunity for users to accumulate reward points.

Features and Benefits of SimplyCLICK SBI Card and CitiBank Cashback Credit Card

SimplyCLICK SBI Card:

1. Welcome Benefit: Receive a Rs. 500 Amazon gift voucher as a token of welcome.

2. Rewards:

  • 1 RP on every Rs. 100 spent offline.
  • Earn ten times the reward points when you spend Rs. 100 on various online platforms such as Cleartrip, BookMyShow, Lenskart, and more.
  • 5X RPs for other online spends.
  • Redeemable rewards for products and gift vouchers on the catalogue.
  • 1 RP = Rs. 0.25.

3. Milestone Benefits:

  • ClearTrip e-voucher worth Rs. 2,000 on spending over Rs. 1 Lakh in the preceding year.
  • Additional Rs. 2,000 ClearTrip e-voucher after spending over Rs. 2 Lakh in a preceding year.

4. Spend Based Waiver: Membership renewal fee waived after spending over Rs. 1 Lakh in a year.

5. Fuel: 1% fuel surcharge waiver across all fuel stations in the country.

CitiBank Cashback Credit Card:

1. Movie Tickets: Accelerated 5% cashback with a maximum cap of Rs. 100.

2. Utility Bill Payments: 5% cashback on Citibank bill payments and online utility bill payments, with a max cashback of Rs. 100.

3. Telephone Bill Payments:

  • 5% cashback on telephone bill payments, capped at Rs. 500.
  • Payments via Citibank online or bill payment facility considered under the same category.

4. General Spends: 0.5% cashback on all other spends.
5. RedGirraffe offers a rent payment platform that provides cashback rewards for transactions processed via its service.
6. MakeMyTrip: Up to 10% savings on bookings.
7. Duty-Free Stores: 15% cashback on purchases using the credit card.
8. Fuel Surcharge Waiver: 1% waiver at all IOCL fuel outlets on transactions exceeding Rs. 10.
9. Dining Discounts: 20% discount on dining bills at participating restaurants.
10. Cashback Adjustment: Each month, cashback is automatically deducted from the card statement balance in increments of Rs. 500, ensuring a seamless adjustment process.

Analyzing the Features of SimplyCLICK SBI Card and CitiBank’s Cashback Credit Card

SimplyCLICK SBI Card:

1. Reward Rate:

  • 1 Reward Point (RP) for every Rs. 100 spent on offline transactions except fuel.
  • 5x RP for every Rs. 100 spent on all online transactions.
  • 10x RP for every Rs. 100 spent on partner merchants.
  • 5% cashback on utility bill payments.
  • 0.5% cashback on all other transactions.

2. Reward Redemption:

  • Redeemable against products and vouchers on the SBI Website.
  • 1 RP = Rs. 0.25 for redemption.

3. Fuel Surcharge Waiver:

  • 1% on transactions between Rs. 500 and Rs. 3,000.
  • Maximum waiver of Rs. 100 per month.
  • 1% at IOCL fuel stations.

4. Welcome Benefits: Amazon gift voucher worth Rs. 500.

5. Milestone Benefits:

  • ClearTrip voucher worth Rs. 2,000 on spending Rs. 1 Lakh.
  • ClearTrip voucher worth Rs. 2,000 on spending Rs. 2 Lakhs.

6. Dining Benefits: Not applicable.

7. Movie Benefits: Not applicable.

8. Fees:

  • Joining Fee: Rs. 499 + Taxes.
  • Renewal Fee: Rs. 499 + Taxes (Spend-based reversal on spends of Rs. 1 Lakh or more).

9. Eligibility:

  • Issued to salaried or self-employed individuals.
  • Minimum salary of Rs. 20,000 per month for salaried individuals.
  • Age between 18-65 years for salaried individuals.
  • Minimum income of Rs. 20,000 per month (as per ITR) for self-employed individuals.
  • Age between 18-65 years for self-employed individuals.

CitiBank Cashback Credit Card:

1. Reward Rate:

  • 1% cashback on utility bill payments.
  • 0.5% cashback on all other transactions.

2. Reward Redemption:

  • Redeemable against the card’s statement balance.
  • Cashback adjusted against the statement balance in multiples of Rs. 500.
  • 1 Reward Point (RP) = Rs. 0.25 for redemption.

3. Fuel Surcharge Waiver: Not applicable.

4. Welcome Benefits: Not applicable.

5. Milestone Benefits: Not applicable.

6. Dining Benefits: 20% off on dining bills at partnered restaurants.

7. Movie Benefits: 5% cashback while booking movie tickets.

8. Fees:

  • Joining Fee: Rs. 500 + Taxes.
  • Renewal Fee: Rs. 500 + Taxes.

9. Eligibility:

  • Issued to self-employed or salaried individuals.
  • The applicant’s age range should fall between 23 and 60 years.
  • Applicant should have a decent credit score.

Which credit card suits you best?

  1. SBI SimplyCLICK Credit Card and Citi Cashback Credit Card are both commendable options for individuals seeking credit cards, offering attractive rewards and cashback incentives.
  2. These cards cater to newcomers in the credit card realm, allowing them to earn substantial rewards and cashback as they make regular expenditures using their credit cards.
  3. SBI SimplyCLICK Credit Card stands out by providing cardholders with a competitive reward rate on regular spending, along with accelerated reward points in specific categories.
  4. Additionally, SBI SimplyCLICK Credit Card offers welcome benefits and milestone-based gift vouchers to enhance the overall cardholder experience.
  5. Conversely, the Citi Cashback Credit Card specializes in offering cashback rewards on purchases, featuring elevated cashback percentages tailored to particular spending categories.
  6. Additionally, cardholders benefit from a fuel surcharge exemption solely at IOCL fuel stations.
  7. Despite both cards having similar joining and renewal fees, the SBI SimplyCLICK Credit Card offers more rewarding benefits at the same price point.
  8. However, if a customer’s primary spending revolves around utility bill payments, the Citi Cashback Credit Card might be a more suitable choice due to its higher cashback rates in this category.

Frequently Asked Questions (FAQs)

1. What sets apart the SimplyCLICK SBI Card from the CitiBank Cashback Credit Card?

SThe SimplyCLICK SBI Card stands out for its emphasis on reward points, particularly in targeted categories, offering accelerated rewards. On the other hand, the CitiBank Cashback Credit Card is renowned for its focus on granting cashback for transactions, particularly within designated spending categories.

2. How do the reward structures differ between the two cards?

The SimplyCLICK SBI Card rewards users with points for everyday purchases and boosts points in certain categories. Meanwhile, the CitiBank Cashback Credit Card gives cashback on purchases, especially in specific spending areas, offering higher rates.

3. What kind of welcome benefits do these credit cards offer?

The SimplyCLICK SBI Card offers welcome perks through gift vouchers, whereas the CitiBank Cashback Credit Card might feature varied introductory deals. It’s recommended to stay updated on the latest promotions offered by both issuers.

4. Do these credit cards come with any yearly charges?

Both cards may have joining and renewal fees, but the exact amounts can vary. It’s recommended to review the terms and conditions or contact the respective banks for the latest fee information.

5. Do these credit cards have any specific benefits for fuel purchases?

Yes, CitiBank Cashback Credit Card provides a fuel surcharge waiver at IOCL fuel stations. This benefit is not applicable to SimplyCLICK SBI Card.

6. Which card is more rewarding for regular spending at the same price point?

Typically, the SimplyCLICK SBI Card stands out as a top choice for everyday spending, thanks to its attractive reward scheme. Nonetheless, personal inclinations and spending habits can sway the decision-making process.

7. Am I able to utilize these credit cards to pay my utility bills, and if yes, which one provides superior cashback benefits?

CitiBank Cashback Credit Card may be more suitable for utility bill payments, as it offers higher cashback rates in this category compared to SimplyCLICK SBI Card.

8. Are there any specific eligibility criteria for applying for these credit cards?

Eligibility criteria may vary, and it is advisable to check with the respective banks for the specific requirements for SimplyCLICK SBI Card and CitiBank Cashback Credit Card.

9. How can I apply for either of these credit cards?

Interested individuals can visit the official websites of SBI and Citibank or contact their customer service to check eligibility and apply for the respective credit cards.

10. What additional perks or features should I consider when choosing between these credit cards?

Apart from rewards and cashback benefits, it’s essential to look into extra perks like customer support quality, worldwide acceptance, and any special deals or collaborations tied to each card. Make sure to check the most recent terms and conditions before finalizing your choice.

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