RBI reported that there were 7.87 crore credit cards in India as of June 2022, which continues to grow. The leading credit card issuers in the country are HDFC Bank, SBI Bank, Axis Bank, and ICICI Bank. Many individuals prefer having a credit card from a government bank due to its sense of reliability. Regarding government banks, the number one champ in India is SBI Bank. SBI, the top government bank in India, has 48 crore customers.
If you’re interested in getting an SBI credit card but are unsure about the best options, Don’t stress! If you want credit cards that give you high cashback/ reward points, check out the popular SBI Cashback and SBI Simply Click Credit Card options. Obtain a detailed comparison of SBI Cashback vs SBI SimplyClick credit card.
Overview of SBI Cashback Credit Card
- Get 5% cash back on all online purchases.
- The maximum cashback allowed per billing cycle is Rs. 5,000.
- Cashback is not applicable on these transactions:
- Jewellery
- Educational Transactions
- Utility
- Insurance
- Merchant EMIs
- Wallet Loads
- Fuel Spends
- Complimentary lounge access is not provided.
- Transactions between Rs 500 and 3,000 will receive a 1% fuel surcharge waiver.
- The maximum waiver per statement cycle is Rs 100.
- The renewal fee is Rs 999, but it will be waived if Rs 2 lakhs are spent in a year.
Overview of SBI SimplyClick Credit Card
- Get 5X reward points on every online purchase.
- You will earn 1 reward point for every Rs. 100 spent offline.
- Earn 10 times the reward points when you make purchases on online exclusive partners, which include BookMyShow, Cleartrip, Apollo24x7, Swiggy, Dominos, Netmeds, Myntra, and Yatra.
- Receive e-Vouchers (Cleartrip, Yatra) worth Rs. 2,000 as a milestone benefit when you reach annual online spending of 1 Lakh and 2 Lakh respectively.
- 1% fuel surcharge waiver for each transaction between Rs 500 & Rs 3,000.
- Receive a Rs.500 Amazon gift card as a welcome bonus.
- You can earn up to 10k reward points every month.
- Each reward point is worth Rs 0.25.
SBI Cashback vs SBI SimplyClick Credit Card – Fees & Charges
| Particulars | SBI Cashback Credit Card | SBI SimplyClick Credit Card |
|---|---|---|
| Renewal Fee | Rs. 999 | Rs. 499 |
| Add-on Fee | Nil | Nil |
| Finance Charges | 42% per annum | 42% per annum |
| Cash Payment Fee | Rs. 250 + applicable taxes | Rs. 250 + applicable taxes |
| Annual Fee Waived | If you spend at least Rs.2,00,000 per year | If you spend at least Rs.1,00,000 per year |
| Card Replacement Charge | Rs.100 to Rs. 250 (Rs. 1,500 for Aurum cardholders) | Rs.100 to Rs. 250 |
| Overlimit Fee | 2.5 % of the over-limit amount or Rs. 600 (whichever is higher) | 2.5% of the over-limit balance or Rs.600, (whichever is greater) |
| Cheque Payment Fee | Rs. 100 | Rs.100 |
| Rewards Redemption Fee | Rs. 99 | Rs.99 |
| Late Payment Charges | Nil: For outstanding balance less than Rs. 500. Rs 400: For outstanding balance between Rs. 500 to Rs. 1000. Rs 750: For outstanding balance between Rs. 1,000 to Rs. 10,000. Rs 950: For outstanding balance between Rs. 10,000 to Rs. 25,000. Rs 1,100: For outstanding balance between Rs. 25,000 to Rs. 50,000. Rs 1300: For outstanding balance above Rs 50,000. | Nil: For outstanding balance less than Rs. 500. Rs 400: For outstanding balance between Rs. 500 to Rs. 1000. Rs 750: For outstanding balance between Rs. 1,000 to Rs. 10,000. Rs 950: For outstanding balance between Rs. 10,000 to Rs. 25,000. Rs 1,100: For outstanding balance between Rs. 25,000 to Rs. 50,000. Rs 1300: For outstanding balance above Rs 50,000. |
SBI Cashback vs SBI SimplyClick Credit Card – Cashback & Rewards
| Particulars | SBI Cashback Credit Card | SBI SimplyClick Credit Card |
|---|---|---|
| Cashback/Reward Points | 5% cash back on all online purchases | 5X reward points on every online purchase |
| Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver across all petrol pumps in India | 1% fuel surcharge waiver for each transaction between Rs 500 & Rs 3000 |
| Welcome Benefit | No benefit is offered upon joining | Receive a Rs. 500 Amazon gift card as a welcome bonus |
| Other Benefits | Contactless advantage, worldwide acceptance, balance transfer on EMI | Contactless technology, Flexipay, e-Shopping Rewards |
SBI Cashback vs SBI SimplyClick Credit Card – Eligibility Criteria
| Particulars | SBI Cashback Credit Card | SBI SimplyClick Credit Card |
|---|---|---|
| Age | 21 to 70 years | 21 to 70 years |
| Occupation | Salaried or Self-employed | Salaried or Self-employed |
| CIBIL Score | More than 750 | More than 750 |
Required Documents for SBI Cashback and SBI SimplyClick Credit Card
- Proof of Identity: Driving License, Aadhaar Card, PAN Card, voter’s ID.
- Proof of Address: Utility bills, Aadhaar card, Driving license, Passport.
- Proof of Income: Last 3 Salary slips, bank statements, or the most recent audited ITR.
Conclusion
The SBI Cashback Credit Card gives you 5% cashback on online purchases, while the SBI Simply Click Credit Card offers 5 times the reward points for online spending. The SBI Cashback Credit Card does not have a welcome benefit, but the SBI Simply Click Credit Card offers a Rs 500 Amazon gift card as a welcome benefit. With the SBI Cashback Credit Card, you can get a maximum cashback of Rs 5,000 per billing cycle, while the SBI Simply Click Credit Card offers a maximum of 10,000 reward points per month, which is equivalent to Rs 2,500. If you use the SBI Simply Click Credit Card with their exclusive partners, you can earn 10 times the reward points.
If you are still unsure about which credit card is the best for you, consider two factors. If you spend more than Rs 2,00,000 on online shopping in a year and want to earn more cashback, then the SBI Cashback Credit Card is the best choice. On the other hand, if you have lower annual spending and frequently use platforms like BookMyShow, Cleartrip, Swiggy, Dominos, Myntra, and Netmeds, and want to enjoy milestone benefits, then the SBI Simply Click Credit Card is perfect for you. We hope that our comprehensive analysis of the SBI cashback vs SBI SimplyClick credit card assists you.
