Head-to-head · 🇮🇳 India
HDFC Swiggy vs ICICI MMT Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Swiggy
Wins 7 of 10
IN
ICICI Bank
ICICI MMT Signature
Wins 2 of 10
Verdict
HDFC Swiggy wins 7-2. Heavy Swiggy/Instamart users — 10% on the platform tops anything else. ICICI MMT Signature is still the right call if makemytrip loyalists — co-branded with strong travel benefits..
Side-by-side
| Criterion | HDFC Swiggy | ICICI MMT Signature |
|---|---|---|
| Annual fee | ₹500 | · ₹2,500 |
| Joining fee | ₹500 | · ₹2,500 |
| Top reward rate | 10% (dining) | · 6% (travel) |
| Base reward rate | · 1% | 1.5% |
| Forex markup | · 3.5% | 2.5% |
| Welcome bonus | = 3-month Swiggy One membership (₹1,499 value) | = ₹2,500 MMT Black holidays voucher |
| Fee waiver threshold | ₹200,000 / yr | · ₹600,000 / yr |
| Min income | ₹360,000 | · ₹800,000 |
| Min credit score | 740 | · 770 |
| Editorial rating | 4.5/5 | · 4.4/5 |
Benefits compared
HDFC Swiggy
- 10% cashback on Swiggy (food, Instamart, Genie, Dineout)
- 5% cashback on online MCC merchants (Amazon, Flipkart, Myntra)
- 1% cashback on other spends
- Cashback auto-credited as Swiggy Money
- 1% fuel surcharge waiver
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 Swiggy vs ICICI MMT Signature: which is better?
HDFC Swiggy wins on more dimensions (7 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 Swiggy 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 Swiggy: 3-month Swiggy One membership (₹1,499 value). ICICI MMT Signature: ₹2,500 MMT Black holidays voucher.