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HDFC MoneyBack+ Credit Card vs SBI SimplySAVE Credit Card
On net annual value, HDFC MoneyBack+ comes out ahead for everyday spenders and online shoppers (by up to ₹3,754 a year), and SBI SimplySAVE for frequent travellers and high spenders (by up to ₹1,765 a year). Figures as of .
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Who comes out ahead — by how you spend
Estimated net annual value for four typical spend profiles: the rewards each card earns on that spend (a merchant or portal bonus only on the share of spend it plausibly reaches), plus the perks and milestone bonuses that spender would use, less any annual fee the spend does not waive (with GST) and the forex markup on spending abroad. Lounge access carries no rupee value here.
| Spender | HDFC MoneyBack+ Credit Card | SBI SimplySAVE Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹3,791/yr✓ +₹57/yr | ₹3,734/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹7,697/yr✓ +₹3,754/yr | ₹3,943/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | −₹2,062/yr | −₹1,514/yr✓ +₹548/yr |
High spender ≈ ₹2.5L/mo across every category | −₹3,988/yr | −₹2,223/yr✓ +₹1,765/yr |
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | HDFC MoneyBack+ Credit CardHDFC Reward Points | SBI SimplySAVE Credit CardSBI Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.30 | ₹0.25BEST |
| Gift vouchers | ₹0.30 | ₹0.25BEST |
| Travel portal | ₹0.50BEST | — |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps. Switch the redemption strategy above to see how the picture shifts.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| HDFC MoneyBack+ Credit Card | SBI SimplySAVE Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹500 | ₹499 |
| Annual fee | ₹500/yr | ₹499/yr ✓ |
| Annual fee — all-in (incl. 18% GST) | ₹590 | ₹589 ✓ |
| Fee waiver at | ₹50,000/yr spend | ₹1,00,000/yr spend |
| Welcome benefit | ~₹100 | ~₹500 |
| Rewards | ||
| Best everyday reward | 0.2% on everyday spends | 1.67% on Dining ✓ |
| Dining | 0.2% | 1.67% ✓ |
| Groceries | 0.2% | 1.67% ✓ |
| Online Shopping | 0.2% ✓ | 0.17% |
| Base rate — other spends | 0.2% ✓ | 0.17% |
| Charges | ||
| Forex markup | 3.5% | 3.5% |
| Finance charge | 3.75% p.m. | 3.75% p.m. |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| fuel waiver | ~₹600/yr · 1% fuel surcharge waiver at all fuel stations (₹400–₹5,000 per txn), capped ₹250/statement cycle | ~₹600/yr · 1% fuel surcharge waiver (up to ₹100/month) |
| milestone bonus | ~₹1,000/yr · ₹500 gift voucher (Swiggy/Myntra/Pizza Hut/Apollo etc. via GyFTR) each calendar quarter on ₹50,000 of net spend in that quarter — up to ~₹2,000 a year if you clear it every quarter | — |
| Eligibility | ||
| Min income | ₹20,000/mo | — |
| Min age | 21+ yrs | — |
| UPI linked | — | — |
| Expert rating | 4.0 / 5 ✓ | 3.8 / 5 |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the HDFC MoneyBack+ Credit Card if you want strong rewards on everyday spends. Consider the SBI SimplySAVE Credit Card if you spend more on dining and prefer a lower fee. Your actual best card depends on how you spend — run your numbers below.
HDFC MoneyBack+ Credit Card vs SBI SimplySAVE Credit Card — FAQs
Which has a lower annual fee, HDFC MoneyBack+ Credit Card or SBI SimplySAVE Credit Card?
As of 16 Oct 2026, SBI SimplySAVE has the lower annual fee: ₹499 (₹589 with 18% GST), against ₹500 (₹590 with 18% GST) on HDFC MoneyBack+. HDFC MoneyBack+ waives it after ₹50,000 of spend in a card year, SBI SimplySAVE after ₹1,00,000.
Do HDFC MoneyBack+ Credit Card and SBI SimplySAVE Credit Card offer airport lounge access?
As of 16 Oct 2026, neither HDFC MoneyBack+ nor SBI SimplySAVE lists complimentary lounge access of any kind, airport or railway. For spending abroad, HDFC MoneyBack+ and SBI SimplySAVE both add a 3.5% forex markup.
Which card has lower forex markup, HDFC MoneyBack+ Credit Card or SBI SimplySAVE Credit Card?
As of 16 Oct 2026, HDFC MoneyBack+ and SBI SimplySAVE charge the same 3.5% forex markup. With 18% GST on the markup, each foreign-currency transaction on HDFC MoneyBack+ or SBI SimplySAVE costs about 4.13% extra, roughly ₹4,130 on ₹1,00,000 spent abroad.
For a frequent traveller, is the HDFC MoneyBack+ Credit Card or SBI SimplySAVE Credit Card better value?
On figures as of 16 Oct 2026, SBI SimplySAVE comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of −₹1,514 against −₹2,062 on HDFC MoneyBack+, a ₹548 gap. At this spend HDFC MoneyBack+ and SBI SimplySAVE both waive their annual fees.
For everyday spending, which returns more: HDFC MoneyBack+ Credit Card or SBI SimplySAVE Credit Card?
On figures as of 16 Oct 2026, HDFC MoneyBack+ comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹3,791 against ₹3,734 on SBI SimplySAVE, a ₹57 gap. At this spend HDFC MoneyBack+ and SBI SimplySAVE both waive their annual fees.
Which is better, HDFC MoneyBack+ Credit Card or SBI SimplySAVE Credit Card?
As of 16 Oct 2026, HDFC MoneyBack+ earns 0.2% on everyday spends outside merchant or portal bonuses, paid as HDFC Reward Points, and SBI SimplySAVE earns 1.67% on dining at best, paid as SBI Reward Points. HDFC MoneyBack+ comes out ahead on net annual value for everyday spenders and online shoppers, and SBI SimplySAVE for frequent travellers and high spenders.