Head-to-head · 🇮🇳 India
HDFC MoneyBack+ vs ICICI MMT Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 6 of 10
IN
ICICI Bank
ICICI MMT Signature
Wins 3 of 10
Verdict
HDFC MoneyBack+ wins 6-3. Entry-level cashback with very low waiver bar. ICICI MMT Signature is still the right call if makemytrip loyalists — co-branded with strong travel benefits..
Side-by-side
| Criterion | HDFC MoneyBack+ | ICICI MMT Signature |
|---|---|---|
| Annual fee | ₹500 | · ₹2,500 |
| Joining fee | ₹500 | · ₹2,500 |
| Top reward rate | · 5% (shopping) | 6% (travel) |
| Base reward rate | 2% | · 1.5% |
| Forex markup | · 3.5% | 2.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = ₹2,500 MMT Black holidays voucher |
| Fee waiver threshold | ₹50,000 / yr | · ₹600,000 / yr |
| Min income | ₹240,000 | · ₹800,000 |
| Min credit score | 720 | · 770 |
| Editorial rating | · 4.1/5 | 4.4/5 |
Benefits compared
HDFC MoneyBack+
- 5% on Amazon, Flipkart, Big Basket, Reliance Smart Bazaar (capped ₹1K/month)
- 2% on EMI transactions
- 1 fuel surcharge waiver
- Quarterly milestone vouchers
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
FAQ
›HDFC MoneyBack+ vs ICICI MMT Signature: which is better?
HDFC MoneyBack+ wins on more dimensions (6 vs 3). 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 MoneyBack+ for its best categories, ICICI MMT Signature for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC MoneyBack+: 500 CashPoints on first transaction. ICICI MMT Signature: ₹2,500 MMT Black holidays voucher.