SBI Cashback vs HDFC Swiggy
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
HDFC Swiggy wins 4-1. Heavy Swiggy/Instamart users — 10% on the platform tops anything else. SBI Cashback is still the right call if pure online cashback — 5% on any online merchant, no partner restrictions..
Side-by-side
| Criterion | SBI Cashback | HDFC Swiggy |
|---|---|---|
| Annual fee | · ₹999 | ₹500 |
| Joining fee | · ₹999 | ₹500 |
| Top reward rate | · 5% (shopping) | 10% (dining) |
| Base reward rate | = 1% | = 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = Cashback offsets joining fee on first ₹999+ spend | = 3-month Swiggy One membership (₹1,499 value) |
| Fee waiver threshold | = ₹200,000 / yr | = ₹200,000 / yr |
| Min income | = ₹360,000 | = ₹360,000 |
| Min credit score | · 750 | 740 |
| Editorial rating | 4.6/5 | · 4.5/5 |
Benefits compared
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
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
FAQ
›SBI Cashback vs HDFC Swiggy: which is better?
HDFC Swiggy wins on more dimensions (4 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 SBI Cashback for online shopping, HDFC Swiggy for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
SBI Cashback: Cashback offsets joining fee on first ₹999+ spend. HDFC Swiggy: 3-month Swiggy One membership (₹1,499 value).