Head-to-head · 🇮🇳 India
HDFC Millennia vs SBI Cashback
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Millennia
Wins 1 of 10
IN
SBI Card
SBI Cashback
VISA
Wins 3 of 10
Verdict
SBI Cashback wins 3-1. Pure online cashback — 5% on any online merchant, no partner restrictions. HDFC Millennia is still the right call if online shoppers spending ₹15k–50k/month.
Side-by-side
| Criterion | HDFC Millennia | SBI Cashback |
|---|---|---|
| Annual fee | · ₹1,000 | ₹999 |
| Joining fee | · ₹1,000 | ₹999 |
| Top reward rate | = 5% (shopping) | = 5% (shopping) |
| Base reward rate | = 1% | = 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 1,000 CashPoints on ₹1,000 spend in first 90 days | = Cashback offsets joining fee on first ₹999+ spend |
| Fee waiver threshold | ₹100,000 / yr | · ₹200,000 / yr |
| Min income | · ₹420,000 | ₹360,000 |
| Min credit score | = 750 | = 750 |
| Editorial rating | = 4.6/5 | = 4.6/5 |
Benefits compared
HDFC Millennia
- 5% cashback on Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ, Uber
- 1% cashback on all other retail spends
- 8 complimentary domestic airport lounge visits per year
- 1% fuel surcharge waiver (₹400 cap/month)
- Up to 20% off on partner restaurants via Smart EMI
SBI Cashback
- 5% cashback on ALL online spends (not just listed merchants) — capped ₹5,000/month
- 1% cashback on offline spends
- Auto-credited within 2 days of statement
- 1% fuel surcharge waiver
FAQ
›HDFC Millennia vs SBI Cashback: which is better?
SBI Cashback wins on more dimensions (3 vs 1). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use HDFC Millennia for online shopping, SBI Cashback for online shopping. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC Millennia: 1,000 CashPoints on ₹1,000 spend in first 90 days. SBI Cashback: Cashback offsets joining fee on first ₹999+ spend.