vs
In short: SBI SimplySAVE has the lower annual fee (₹499 vs ₹500); both charge a 3.5% forex markup.
| Key facts | HDFC MoneyBack | SBI SimplySAVE |
|---|---|---|
| Annual fee | ₹500 | ₹499 |
| Joining fee | ₹500 | Not listed |
| Annual fee waived | On ₹50,000 annual spend | On ₹1 lakh annual spend |
| Top reward rate | 2X Reward Points per ₹200 on Online Spends | Enjoy 10 Reward Points on Every ₹150 Spent at Dining |
| Base rewards | 2 Reward Points Per ₹200 | 1 Reward Point Per ₹150 Spent |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 7 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
On ₹20,000 a month with ₹5,000 at each card's top rate, SBI SimplySAVE returns about ₹551 more a year after annual fees (₹1,300 vs ₹750 in rewards).
| Spend profile | HDFC MoneyBack | SBI SimplySAVE |
|---|---|---|
| Reward value: top rate / base rate | 0.5% / 0.25% | 1.67% / 0.17% |
| ₹20,000 a month, all general spends | ₹600 | ₹400 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹750 | ₹1,300 |
| Annual fee | ₹500 | ₹499 |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
The HDFC Bank MoneyBack Credit Card and the SBI Cards Simplysave Visa Platinum Credit Card both offer rewards and fuel surcharge waivers, but they differ significantly in their reward structures and fee waivers. HDFC MoneyBack provides accelerated rewards on online spends and a milestone gift voucher, while SBI Simplysave offers high reward points on dining, grocery, movies, and departmental store spends. Both cards charge similar forex markup fees and provide a 1% fuel surcharge waiver.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | HDFC Bank MoneyBack Credit Card | Sbi Cards Simplysave Visa Platinum Credit Card |
|---|---|---|
| Bank | HDFC Bank | SBI Cards |
| Network | Visa | Visa |
| Joining fee | Joining Fee of Rs.500 | — |
| Annual / renewal fee | Renewal Fee of Rs.500 | Annual Fee of Rs.499 |
| Annual fee waiver | Spend Rs.50000 For Renewal Fee Waiver | Spend Rs.1 Lakhs For Waiver of Renewal Fee |
| Top reward rate | Earn 2X Reward Points per Rs.200 on Online Spends | Enjoy 10 Reward Points on Every Rs. 150 Spent at Dining |
| Base rate (other spends) | Earn 2 Reward Points Per Rs.200 | Earn 1 Reward Point Per Rs.150 Spent |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefit - 500 CashPoints | Earn 2000 bonus Reward Points |
| Milestone benefit | Get Rs.500 Gift Voucher on Spend Rs.50000 | — |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
For rewards, SBI Simplysave offers a higher top reward rate, giving 10 reward points per Rs.150 spent on dining, groceries, movies, and departmental stores, compared to HDFC MoneyBack's 2X reward points per Rs.200 on online spends. SBI Simplysave's base reward rate is 1 point per Rs.150, slightly lower in value but with more accelerated categories. At Rs.20,000 monthly spend, SBI Simplysave yields about Rs.1,300 annually in rewards versus Rs.750 for HDFC MoneyBack, making SBI Simplysave better for diversified category rewards.
Neither card lists domestic or international lounge access in our data, and both have the same forex markup fee of 3.5%. While HDFC MoneyBack focuses rewards on online spends, SBI Simplysave targets lifestyle categories like dining and movies. Both cards offer a 1% fuel surcharge waiver, making their travel-related benefits comparable overall.
HDFC MoneyBack charges a joining and renewal fee of Rs.500 each, with a renewal fee waiver on spending Rs.50,000. SBI Simplysave has an annual fee of Rs.499, waived if you spend Rs.1 lakh. Both cards have similar fee waiver conditions, but SBI Simplysave requires double the spend for fee waiver. Consider your spending pattern to evaluate effective cost.
HDFC MoneyBack allows redemption of points against statement balance at Rs.0.20 per point and also offers travel and product catalogue redemptions with varying point values. SBI Simplysave redeems points at 4 points = Rs.1 for statement balance and catalogue gifts, which is a slightly lower redemption value. This affects the effective value of rewards earned.
Consider HDFC Bank MoneyBack Credit Card if you prefer straightforward accelerated rewards on online spending and want a milestone gift voucher benefit. It is suitable for users who spend moderately online and want a lower renewal fee waiver threshold of Rs.50,000.
Consider SBI Cards Simplysave Visa Platinum Credit Card if you spend heavily on dining, groceries, movies, and departmental stores and want higher reward points in these categories. It is ideal for lifestyle-focused users who can meet the Rs.1 lakh spend for fee waiver and want a larger welcome bonus of 2,000 reward points.
HDFC MoneyBack charges Rs.500 as joining and renewal fees, with renewal fee waived on Rs.50,000 spend. SBI Simplysave has an annual fee of Rs.499, waived if you spend Rs.1 lakh.
SBI Simplysave offers 10 reward points per Rs.150 spent on dining and groceries, which is significantly higher than HDFC MoneyBack's 2X points per Rs.200 on online spends.
Yes, both cards provide a 1% fuel surcharge waiver on fuel transactions.
Both cards charge a forex markup fee of 3.5% on foreign currency transactions.
HDFC MoneyBack offers a Rs.500 gift voucher on quarterly spends of Rs.50,000. SBI Simplysave does not list milestone benefits in our data.