Head-to-head · 🇮🇳 India
HDFC Millennia vs SBI Pulse
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Millennia
Wins 5 of 10
IN
SBI Card
SBI Pulse
Wins 2 of 10
Verdict
HDFC Millennia wins 5-2. Online shoppers spending ₹15K–50K/month SBI Pulse is still the right call if health/fitness focused — smartwatch + wellness benefits..
Side-by-side
| Criterion | HDFC Millennia | SBI Pulse |
|---|---|---|
| Annual fee | ₹1,000 | · ₹1,499 |
| Joining fee | ₹1,000 | · ₹1,499 |
| Top reward rate | 5% (shopping) | · 1% (general) |
| Base reward rate | = 1% | = 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 1,000 CashPoints on ₹1,000 spend in first 90 days | = Noise smartwatch on activation + 5,000 reward points |
| Fee waiver threshold | ₹100,000 / yr | · ₹200,000 / yr |
| Min income | · ₹420,000 | ₹360,000 |
| Min credit score | · 750 | 740 |
| Editorial rating | 4.6/5 | · 3.9/5 |
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 Pulse
- Free Noise ColorFit Pulse 2 smartwatch
- 4 reward points per ₹100 on chemists, dining, movies
- 4 domestic lounge visits/year
- 1-year FITPASS PRO membership
- Cult.fit + 1mg discount partnerships
FAQ
›HDFC Millennia vs SBI Pulse: which is better?
HDFC Millennia wins on more dimensions (5 vs 2). 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 Pulse for its best categories. 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 Pulse: Noise smartwatch on activation + 5,000 reward points.