Find my best card →
faayda.com › compare › HDFC Millennia vs SBI Cashback
Comparison · हिन्दी

HDFC Millennia vs SBI Cashback

Both cards compared on real rupee returns for online shopping and cashback. We ran the numbers so you can make the right call.

Last updated: August 2026 · Based on current card terms
HDFC
MILLENNIA
ASHOK KUMAR
VS
SBI
CASHBACK
ASHOK KUMAR
Our verdict
SBI Cashback Credit Card wins for most people
Card B wins decisively with ₹6,201 annual benefit versus Card A's ₹1,520. The SBI card's uncapped 5% online cashback and lower fee burden make it substantially more rewarding for this spend profile.
Side-by-side comparison
HDFC Millennia Credit Card SBI Cashback Credit Card ✓
Annual benefit ₹1,520 ₹6,201
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → ₹1,000 + taxes (waived on ₹1L spend) ₹999 + taxes (waived on ₹2L spend)
Reward rateCashback pays you directly in rupees; reward points need converting first, and their real value depends on the redemption ratio.Full definition → 2.5% cashback on online shopping, 1% on other spends: the advertised 5% rate is only available via HDFC's own PayZapp/SmartBuy portal specifically, not general shopping 5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/month
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → 8 visits/year (domestic) No
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 3.5% 3.5%
Best for Everyday online shopping with a modest, capped cashback Flat 5% on all online spends up to ₹40,000/month
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹3.5L+ per year ₹4L+ per year
Credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 700+ 700+
Apply now ↗ Full review →
Apply now ↗ Full review →
When each card wins
HDFC Millennia Credit Card
Choose Card A if you exclusively shop through HDFC's PayZapp/SmartBuy portal to access the advertised 5% rate, or if you value simplicity over rewards optimization.
SBI Cashback Credit Card
Choose Card B for maximizing everyday shopping cashback. The 5% online rate and ₹4,000 monthly cap perfectly align with your ₹9,000 monthly shopping+groceries spend.
Who should get which card
Get HDFC Millennia if you…
· Prefer HDFC ecosystem loyalty and PayZapp/SmartBuy portal shopping
· Want straightforward, uncomplicated rewards structure
· Expect to spend ₹1L+ annually to waive fees
Get SBI Cashback if you…
· Online shopper seeking maximum cashback (5% uncapped rate)
· Appreciate capped rewards ceiling preventing spending bloat
· Value 4x higher annual benefit (₹6,201 vs ₹1,520)
· Need fee waiver at ₹2L spend (easier threshold than HDFC's ₹1L)
Partner offer
Axis Bank Select Credit Card
Higher spenders (₹6L+ income) who will spend ₹3L+ a year, want international lounge access through Priority Pass with 12 visits, and want a 2% earn rate on everyday retail spends
Apply now →
AXIS
ASHOK KUMAR

See which card suits your exact spending

Get a personalised rupee estimate based on how you actually spend

Try the tool →

Already have one of these cards?

Upload your credit card statement. We'll show your real cashback, catch subscriptions, and flag if you're leaving money on the table

Analyse my statement →
Related guides
HDFC Millennia vs Axis ACE →Axis ACE vs SBI Cashback →HDFC MoneyBack+ vs HDFC Millennia →SBI Card PRIME vs SBI Cashback →Best Dining Credit Cards →Best Shopping Credit Cards →Best Credit Cards for Swiggy and Zomato →
Frequently asked questions
Based on our analysis, SBI Cashback Credit Card offers better annual returns for most spend profiles.
HDFC Millennia Credit Card has an annual fee of ₹1,000 + taxes (waived on ₹1L spend). SBI Cashback Credit Card has an annual fee of ₹999 + taxes (waived on ₹2L spend).
HDFC Millennia Credit Card offers 2.5% cashback on online shopping, 1% on other spends: the advertised 5% rate is only available via HDFC's own PayZapp/SmartBuy portal specifically, not general shopping. SBI Cashback Credit Card offers 5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/month.
HDFC Millennia Credit Card lounge access: 8 visits/year (domestic). SBI Cashback Credit Card lounge access: No.
HDFC Millennia Credit Card charges 3.5% forex markup. SBI Cashback Credit Card charges 3.5% forex markup.