SBI SimplySAVE Credit Card VS ICICI Bank Platinum Chip Credit Card

Owning a credit card is a necessity and a requirement in today’s world. For those stepping into the world of credit, the SBI SimplySAVE Credit Card and the ICICI Bank Platinum Chip Credit Card stand out as the best choices. The SBI SimplySAVE Credit Card is an entry-level card with a reasonable joining fee of Rs. 499 that is within the reach of many people. It offers reward points for everyday shopping, such as groceries, dining, and department stores.

If you prefer dining out, the ICICI Bank Platinum Chip Credit Card could be the perfect fit. This card is made for food enthusiasts and offers discounts at restaurants and reward points on various purchases. What makes it even more appealing is that it comes with no joining or annual fees, making it a lifetime-free credit card. This card offers reward points, dining discounts, and many more benefits. Both the SBI SimplySAVE and ICICI Platinum Chip Credit Card are suitable for people who are new to using credit cards. Continue reading to learn more about the features and benefits offered by both these cards.

SBI SimplySAVE Credit Card

The SBI SimplySAVE Credit Card offers a variety of features and benefits to its users. It is designed to reward you for your everyday purchases, making shopping more fun and exciting. With this card, you can earn reward points on every purchase you make, especially when you spend on specific categories like dining, groceries, departmental stores, and movies. The SBI SimplySAVE Credit Card is an entry-level credit card, making it a perfect choice for new credit card users. It has an annual fee of Rs. 499, which is reasonable and within reach for many people. This card comes with various features that are discussed in the article below –

• If you spend Rs. 2,000 through your credit card within 60 days of its issuance, you will receive 2,000 reward points worth Rs. 500.
• 10x Reward Points for every Rs. 100 spent towards the movie, dining, departmental store, and grocery spending.
• 1 Reward Point for every Rs. 100 spent on all other categories.
• As a milestone benefit, the SBI SimplySAVE Credit Card’s annual fee for the next year will be waived if you spend Rs. 1,00,000 in the preceding year.
• 1% fuel surcharge waiver on transactions of Rs. 500 to Rs. 3,000 at all fuel stations across India capped at a maximum of Rs. 100 per statement cycle.
• The points can also be used to pay the outstanding balance towards your credit card, wherein 4 Reward Points = Rs. 1.
• The SBI SimplySAVE Credit Card is a RuPay card that can be linked to UPI applications.

ICICI Bank Platinum Chip Credit Card

Whether you like to dine out or shop for everyday essentials, the ICICI Bank Platinum Chip Credit Card can help you save money and earn rewards. It is also an entry-level credit card, with the main benefit being the dining program. You can get up to 15% discounts across 2,500 restaurants all over India through the Culinary Treats Program. This card has zero joining fees zero renewal fees and no spend-based waiver. You can earn reward points on dining purchases. It allows the cardholders to save on fuel transactions specifically at the HPCL fuel stations. The following are the features that this card brings along with it –

• You get 2 Reward Points for every Rs. 100 spent on all retail transactions.
• You earn 1 Reward Point for every Rs. 100 spent on insurance and utilities.
• Under the ICICI Bank Culinary Treats Programme, you can enjoy food at around 2,500+ restaurants in India and enjoy 15% off your dining bills.
• Enjoy a fuel surcharge waiver of 1% at all HPCL fuel stations in India on a maximum transaction of Rs. 4,000.
• The reward points earned with this credit card can be redeemed against various gifts or for cashback wherein 1 Reward Point = Rs. 0.25.

Comparison Between SBI SimplySAVE Credit Card VS ICICI Bank Platinum Chip Credit Card

Let’s compare the SBI SimplySAVE Credit Card and the ICICI Bank Platinum Chip Credit Card to determine which card offers better rewards and features.

Basis	SBI SimplySAVE Credit Card	ICICI Bank Platinum Chip Credit Card
Reward Rate	10x RP on every Rs. 100 spent on dining, groceries, departmental stores, and movies. 1 RP for every Rs. 100 spent on all other spends.	2 RP for every Rs. 100 spent on retail spending. 1 RP for every Rs. 100 spent on utilities and insurance.
Reward Redemption	It can be redeemed for gift vouchers available on SBI Card or the SBI Mobile Application. It can be redeemed to pay the outstanding bill on the credit card. 4 RP = Rs. 1	It can be redeemed for gifts and cashback where 1 RP = Rs. 0.25.
Fuel Surcharge Waiver	1% limited to Rs. 100 per month.	1% at all HPCL fuel stations.
Spend Based Waiver	Renewal fees can be waived by spending Rs. 1 lakh on a card anniversary year.	N/A
Welcome Benefits	2,000 RP worth Rs. 500 on the spending of Rs. 2,000 within 60 days of card issuance.	N/A
Dining/ Movie Benefits	10x RP while spending on dining or movies.	15% off on dining bills under the Culinary Treats Programme.
Membership Fee	Rs. 499 + Taxes	NIL
Renewal Fee	Rs. 499 + Taxes	NIL
Eligibility	A salaried individual (Rs. 20,000 per month) should be between 18 and 65 years old. For self-employed individuals, (Rs. 20,000 as per ITR)  should be between 21 and 65 years.	The minimum age of the applicant should be 21 years. Should have a stable source of income. Should have a decent credit score.

Bottom Line

Choosing between the SBI SimplySAVE and the ICICI Platinum Chip Credit Card depends mainly on your spending habits and preferences. If you spend more on dining, groceries, departmental stores, and movies, the SBI SimplySAVE Credit Card is the better option, thanks to its 10x reward points in these categories.

On the other hand, the ICICI Bank Platinum Chip Credit Card is an excellent choice for those who enjoy dining out frequently. Its dining benefits under the Culinary Treats Programme and the absence of any joining or annual fees make it a cost-effective option for the long term. This service has an easy-to-understand rewards program that gives you good discounts and benefits when you buy things.