Choosing the right credit card can significantly influence your spending habits and financial management. In this blog post, we compare two popular credit cards designed for savvy shoppers who appreciate rewards and cashbacks: the SimplyCLICK SBI Card and the Citibank Cashback Credit Card. Both cards offer unique benefits tailored to digital spenders and cashback enthusiasts, but which one is right for you?
SimplyCLICK SBI Card: Features and Benefits
Overview
The SimplyCLICK SBI Card is targeted towards the digital generation, emphasizing rewards for online shopping.
Key Benefits
- Rewards on Online Shopping: Earn 10X Reward Points on online spends with exclusive online partners, such as Amazon, BookMyShow, Cleartrip, Lenskart, and Netmeds, and 5X rewards on all other online purchases.
- Welcome Offers: Receive an Amazon.in gift card worth ₹500 on joining.
- Annual Fee Waiver: The annual fee of ₹499 is waived off on spending ₹1,00,000 and above in the previous year.
Additional Perks
- 1% fuel surcharge waiver for each transaction between ₹500 and ₹3,000.
- E-vouchers worth ₹2,000 on annual online spends of ₹1 lakh and ₹2 lakhs each.
Citibank Cashback Credit Card: Features and Benefits
Overview
The Citibank Cashback Credit Card is designed for those who frequently engage in transactions that typically don’t earn rewards, such as utility bill payments and movie ticket purchases.
Key Benefits
- Cashback: Earn 5% cashback on movie ticket purchases, telephone bill payments, and all utility bill payments made through Citibank Online Bill Pay service, with a 0.5% cashback on all other spends.
- Automatic Cashback: Cashback is auto-credited to the statement in multiples of ₹500.
- No Expiry on Cashback: Unlike reward points that might expire, cashback earned does not expire and can accumulate as long as the account is active.
Additional Perks
- Flexibility to pay credit dues over time with the Citibank Credit Card.
- Easy EMI options on shopping, travel, and more.
Side-by-Side Comparison
Focus and Usage
- SimplyCLICK SBI Card is highly beneficial for those who do most of their shopping online and want to maximize their rewards in digital spaces.
- Citibank Cashback Credit Card focuses more on providing cashback for essential services and utility payments, which may not typically be covered by other reward cards.
Rewards vs. Cashback
- SimplyCLICK SBI Card offers more in terms of reward points which can be redeemed across various platforms, making it ideal for users who shop at multiple online retailers.
- Citibank Cashback Credit Card provides direct cashback, which is simpler and more straightforward, especially for users who prefer cash savings over points and their redemption.
Annual Fee and Returns
- Both cards come with similar annual fees, but the SimplyCLICK SBI Card offers an annual fee waiver which adds an additional incentive for higher spenders.
- Citibank’s card does not have an explicit annual fee waiver, which might be a consideration for moderate spenders.
Also Read: Discovering the Best Credit Card for Travel to India
Conclusion
Your choice between the SimplyCLICK SBI Card and the Citibank Cashback Credit Card should depend on your primary spending habits and preferences. If you are an avid online shopper, the SimplyCLICK SBI Card may offer more value with its high reward points on online shopping. However, if you find more of your transactions are towards utility bills and other services, the Citibank Cashback Credit Card might serve you better with its straightforward cashback on everyday expenses.