Head-to-head · 🇮🇳 India
HDFC MoneyBack+ vs SBI ELITE
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 6 of 10
IN
Premium
SBI Card
SBI ELITE
Wins 2 of 10
Verdict
HDFC MoneyBack+ wins 6-2. Entry-level cashback with very low waiver bar. SBI ELITE is still the right call if mid-premium sbi card with strong club benefits..
Side-by-side
| Criterion | HDFC MoneyBack+ | SBI ELITE |
|---|---|---|
| Annual fee | ₹500 | · ₹4,999 |
| Joining fee | ₹500 | · ₹4,999 |
| Top reward rate | 5% (shopping) | · 2% (general) |
| Base reward rate | = 2% | = 2% |
| Forex markup | · 3.5% | 1.99% |
| Welcome bonus | = 500 CashPoints on first transaction | = 5,000 bonus reward points + ₹5,000 e-gift voucher |
| Fee waiver threshold | ₹50,000 / yr | · ₹1,000,000 / yr |
| Min income | ₹240,000 | · ₹600,000 |
| 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
SBI ELITE
- 2 reward points per ₹100
- Free movie tickets (BookMyShow) up to ₹6K/year
- 6 international + 8 domestic lounge visits/year
- Club Vistara Silver + Trident Privilege Red
- Milestone benefits at ₹3L, ₹4L, ₹5L
FAQ
›HDFC MoneyBack+ vs SBI ELITE: which is better?
HDFC MoneyBack+ wins on more dimensions (6 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 MoneyBack+ for its best categories, SBI ELITE 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. SBI ELITE: 5,000 bonus reward points + ₹5,000 e-gift voucher.