As the two topmost credit card issuers in India, HDFC Bank & SBI Card offer a range of credit cards with exclusive benefits across various categories. When discussing entry-level credit cards, the SBI SimplyClick Credit Card is a highly popular option in the Indian market, competing directly with the MoneyBack Plus Credit Card issued by HDFC Bank. Both cards come with a low annual fee of ₹500 and provide their customers with a lot of exclusive savings opportunities.
As both cards are entry-level, they offer limited premium privileges, such as airport lounge access and golf privileges. However, you can still save a lot on all your purchases with these cards. Moreover, the milestone benefits of the cards allow you to earn complimentary gift vouchers every year. The advantages of these two cards might seem to be almost the same, and that is the reason why many individuals seem to be confused about which card would be better.
HDFC MoneyBack Plus Credit Card
The HDFC MoneyBack Plus Credit Card is designed for beginners who want a simple yet rewarding card. It comes with a nominal annual fee of ₹500 + GST and offers 500 Cash Points as a welcome benefit. Here’s what makes it attractive:
- Welcome Benefit: 500 Cash Points on joining.
- Reward Rate: 2 Cash Points per ₹150 on regular purchases; 10X Cash Points on Amazon, Flipkart, Big Basket, Reliance Smart Store, and Swiggy.
- Redemption Value: 1 Cash Point = ₹0.25 for statement credit, travel bookings via SmartBuy, or products from the catalog.
- Milestone Benefit: ₹500 gift voucher for spending ₹50,000 or more in a quarter.
- Dining Benefit: Up to 15% off at over 2,000 partner restaurants across India.
The MoneyBack Plus card is ideal for those who shop frequently at top online retailers and want flexible redemption options.
SBI SimplyClick Credit Card
The SBI SimplyClick Credit Card is another popular entry-level card, especially for online shoppers. It has a joining fee of ₹499 + GST and comes with an Amazon ₹500 gift voucher. Key features include:
- Welcome Benefit: Amazon gift voucher worth ₹500.
- Reward Rate: 1 Reward Point per ₹100 spent offline; 5X Reward Points on online purchases; 10X Reward Points on partner brands such as Amazon, BookMyShow, Netmeds, Cleartrip, and Apollo 24×7.
- Milestone Benefit: Cleartrip voucher worth ₹2,000 for every ₹1 lakh spent annually (up to ₹4,000 per year).
- Fee Waiver: Renewal fee waived if you spend ₹1 lakh or more in the previous year.
SimplyClick is well-suited for users who make frequent online purchases and want higher rewards on partner brands.
Comparison Between HDFC Money Plus Credit Card & SBI SimplyClick Credit Card
| Particulars | HDFC MoneyBack Plus | SBI SimplyClick |
| Annual Fee | ₹500 + GST | ₹499 + GST |
| Welcome Benefits | 500 Cash Points | Amazon Gift Voucher worth ₹500 |
| Rewards Rate | 10X CashPoints/₹150 on Flipkart, Amazon, Swiggy, BigBasket, and Reliance Smart SuperStore; 2 CashPoints/₹150 on other retail purchases | 10X Reward Points on partner brands, 5X on online purchases, 1 RP/₹100 on other purchases |
| Reward Redemption | Flights, Hotels, Products, Vouchers, Statement Credit via SmartBuy (1 CP = ₹0.25) | Vouchers, Products, and more (1 RP = ₹0.25) |
| Movie & Dining Benefits | Up to 15% off at 2,000+ partner restaurants | N/A |
| Milestone Benefits | Gift vouchers worth up to ₹500 per quarter; fee waiver on ₹50,000 annual spend | Gift vouchers worth up to ₹4,000 annually; fee waiver on ₹1 lakh annual spend |
Bottom Line
There isn’t a single “best” card for everyone. Your choice depends on spending habits, preferred brands, and personal needs. The HDFC MoneyBack Plus Credit Card offers 500 Cash Points (worth ₹125) as a welcome benefit, while the SBI SimplyClick Credit Card gives an Amazon voucher worth ₹500, making SimplyClick slightly more attractive upfront. However, don’t choose solely based on welcome offers. If you frequently watch movies or use online services like BookMyShow, SimplyClick is more rewarding with 10X points. If you shop often on Flipkart, Amazon, or Big Basket, MoneyBack Plus gives 10X Cash Points. Evaluate your habits and pick the card that maximizes your rewards.