Ola Money Sbi Visa Platinum Credit Card vs Sbi Cards Simplysave Visa Platinum Credit Card: Which is Better in 2026?
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The Ola Money SBI Visa Platinum Credit Card and the SBI Cards Simplysave Visa Platinum Credit Card both cater to different spending habits with their unique rewards structures. Ola Money SBI focuses on Ola ride rewards and a simple 1% reward on all spends, while Simplysave offers higher reward points on dining, movies, and grocery spends. Both cards have similar forex markup fees and offer fuel surcharge waivers, but differ in renewal fees and welcome benefits.
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 | Ola Money Sbi Visa Platinum Credit Card | Sbi Cards Simplysave Visa Platinum Credit Card |
|---|---|---|
| Bank | SBI Cards | SBI Cards |
| Network | Visa | Visa |
| Annual / renewal fee | No Annual Fees - First Year Free | Annual Fee of Rs.499 |
| Annual fee waiver | Spend Rs.1 Lakhs For Waiver of Renewal Fee | Spend Rs.1 Lakhs For Waiver of Renewal Fee |
| Reward rate (headline) | Earn 1% Rewards On All Spends | Enjoy 10 Reward Points on Every Rs. 150 Spent at Movies |
| Welcome benefit | — | Earn 2000 bonus Reward Points |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
For rewards, the SBI Cards Simplysave Visa Platinum Credit Card provides more targeted benefits with 10 reward points on every Rs. 150 spent at dining, movies, and grocery stores, plus a welcome bonus of 2000 reward points. In contrast, the Ola Money SBI Visa Platinum Credit Card offers a flat 1% rewards on all spends and a higher 7% reward on Ola rides, which benefits frequent Ola users specifically. Overall, Simplysave is better for diversified everyday spending rewards, while Ola Money SBI is more niche for Ola ride users.
Which is better for travel?
Regarding travel-related benefits, the Ola Money SBI Visa Platinum Credit Card stands out with its 7% reward points on Ola rides, making it more suitable for those who frequently use Ola for transportation. Neither card offers airport lounge access or other travel perks, and both have the same 3.5% forex markup fee. Therefore, Ola Money SBI is the better choice for travel via Ola rides, while Simplysave does not offer specific travel rewards.
Which has lower effective cost?
In terms of fees, the Ola Money SBI Visa Platinum Credit Card has no annual fee for the first year and waives renewal fees on spending Rs. 1 lakh, making it more cost-effective initially. The Simplysave card charges a renewal fee of Rs. 499, also waivable on spending Rs. 1 lakh. Both cards have a 3.5% forex markup fee and provide a 1% fuel surcharge waiver. Overall, Ola Money SBI is more attractive for users looking to minimize fees, especially in the first year.
Reward Redemption Value
Ola Money SBI Visa Platinum Credit Card allows reward points to be redeemed at a rate of 1 reward point = Rs. 1 specifically for Ola rides, making it straightforward for Ola users. Simplysave card offers redemption against the statement balance and a rewards catalogue at a rate of 4 reward points = Rs. 1, which may require more points for equivalent value but provides flexibility.
Fuel Surcharge Waiver
Both cards provide a 1% fuel surcharge waiver, which can help reduce costs on fuel purchases. This benefit is consistent across both cards, making neither card superior in this aspect.
Who should pick Ola Money Sbi Visa Platinum Credit Card?
Consider Ola Money SBI Visa Platinum Credit Card if you frequently use Ola rides and want to maximize rewards on those spends with a 7% reward rate. It is also suitable if you prefer a card with no first-year annual fee and simple rewards on all other spends. This card is a practical choice for users focused on travel via Ola and looking for a low-fee option.
Who should pick Sbi Cards Simplysave Visa Platinum Credit Card?
Consider SBI Cards Simplysave Visa Platinum Credit Card if your spending is concentrated on dining, movies, and grocery shopping, where you can earn 10 reward points per Rs. 150 spent. The welcome bonus of 2000 reward points adds value for new cardholders. This card suits users who want higher rewards on everyday lifestyle expenses and are comfortable with a renewal fee that can be waived with annual spend.
Frequently Asked Questions
Ola Money SBI Visa Platinum Credit Card has no annual fee for the first year and waives renewal fees on spending Rs. 1 lakh. Simplysave Visa Platinum charges a Rs. 499 renewal fee, also waivable on spending Rs. 1 lakh.
Ola Money SBI Visa Platinum Credit Card offers 7% reward points on all Ola rides, making it better for Ola users. Simplysave does not provide specific rewards on Ola rides.
No, neither the Ola Money SBI Visa Platinum Credit Card nor the Simplysave Visa Platinum Credit Card offers domestic or international airport lounge access.
Both cards charge a 3.5% forex markup fee on foreign currency transactions.
Simplysave Visa Platinum Credit Card offers a welcome benefit of 2000 bonus reward points. Ola Money SBI Visa Platinum Credit Card does not have any welcome benefits.
Yes, both cards waive the renewal fee if you spend Rs. 1 lakh in the relevant period.