In India, many people like using cashback credit cards because they help them save money on everyday purchases. Instead of worrying about complicated reward systems, users simply get cashback.
Two popular choices for cashback credit cards are the Cashback SBI Credit Card and the Amazon Pay ICICI Credit Card. The SBI Cashback comes with a joining fee of ₹999 + GST, which can be waived if the cardholder spends above ₹2 Lakh or more in a year. On the other hand, the Amazon Pay credit does not have any joining or annual fee, but it offers a welcome benefit, such as cashback and discounts up to ₹2,500 for both prime and non-prime members, and a one-month EazyDiner Membership.
Both cards offer tempting benefits to their users. This can be a confusing decision for new users about which credit card to choose. In this article, we are going to compare both the Cashback SBI Credit Card and the Amazon Pay ICICI Credit Card.
Annual Fee, Welcome Benefits, and More
One of the most immediate differences between the two cards is the annual fee. The Cashback SBI card comes with a standard fee and waiver structure, while the Amazon Pay ICICI card keeps things simple with zero joining and annual fees. However, that’s not all; Amazon’s card also offers some welcome benefits, making it even more valuable.
| Particulars | Cashback SBI | Amazon Pay ICICI Credit Card |
| Annual Fee | ₹999 + GST | Lifetime Free |
| Welcome Benefits | N/A |
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| Annual Fee Waiver | Annual Fee Waived on Spends of ₹2 Lakh or More in a Year | N/A |
Cashback Comparison
Cashback SBI offers a 5% cashback on online purchases capped at ₹2,000 and a 1% cashback on offline purchases capped at ₹2,000, with a maximum cashback limit of ₹4,000 per statement cycle. Amazon Pay ICICI, on the other hand, is a great choice for Prime users with 5% cashback on Amazon, and offers solid rewards even for non-Prime users and Amazon Pay users.
| Particulars | Cashback SBI | Amazon Pay ICICI Credit Card |
| Earning Cashback |
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| Redeeming Cashback | Cashback Credited to Next Month’s Statement by Default |
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Lifestyle Perks
These two cards aren’t lifestyle-focused, but Amazon Pay ICICI does offer a little extra value with its dining tie-up through the Culinary Treats Program, which gives cardholders access to restaurant discounts.
| Particulars | Cashback SBI | Amazon Pay ICICI Credit Card |
| Dining Perks | N/A | 15% Off on Dining Bills at Restaurants Participating in Culinary Treats Program |
Cashback Exclusions
The following spend categories are not eligible for Cashback –
| Cashback SBI | Amazon Pay ICICI Credit Card |
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Bottom Line
The Cashback SBI Credit Card and the Amazon Pay ICICI Credit Card both offer cashback rewards, but they serve different types of users.
The Cashback SBI card is a good option for those who spend a lot on various online platforms, not just Amazon. It has a simple flat cashback structure. However, this card does have an annual fee and cashback limits, which may not be appealing for moderate spenders.
In contrast, the Amazon Pay ICICI Credit Card is often a better choice for most users. It has no joining or annual fees, clear rewards, and high cashback rates on Amazon purchases, especially for Prime members. The rewards go directly into the Amazon Pay balance, making it easy to use for daily purchases.
Overall, the Amazon Pay ICICI Credit Card offers great value without any costs, making it ideal for beginners and regular online shoppers in India.