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SBI Cashback vs HDFC MoneyBack+

Both cards compared on real rupee returns for best online cashback credit card India SBI vs HDFC MoneyBack. We ran the numbers so you can make the right call.

Last updated: August 2026 · Based on current card terms
SBI
CASHBACK
ASHOK KUMAR
VS
HDFC
MONEYBACK+
ASHOK KUMAR
Our verdict
SBI Cashback Credit Card wins for most people
Card A wins with ₹6,801 annual benefit versus Card B's ₹3,400, delivering nearly double the value through higher cashback caps and easier fee waiver eligibility aligned with your spending pattern.
Side-by-side comparison
SBI Cashback Credit Card ✓ HDFC MoneyBack+ Credit Card
Annual benefit ₹6,801 ₹3,400
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → ₹999 + taxes (waived on ₹2L spend) ₹500 + taxes (waived on ₹50,000/year spend)
Reward rateCashback pays you directly in rupees; reward points need converting first, and their real value depends on the redemption ratio.Full definition → 5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/month 10X CashPoints (2.5%) on Amazon, Flipkart, Swiggy, BigBasket, Reliance Smart; 1% on others
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → No None
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% 2.5%
Best for Flat 5% on all online spends up to ₹40,000/month Online shopping and food delivery on a budget
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹4L+ per year ₹20,000/month (salaried)
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
SBI Cashback Credit Card
Choose Card A if you spend heavily online (₹6,000+ monthly on shopping and groceries combined). Its 5% online cashback with ₹2,000 monthly cap maximizes returns on your digital purchases despite the ₹999 annual fee.
HDFC MoneyBack+ Credit Card
Choose Card B only if you exclusively shop on Amazon, Flipkart, Swiggy, and BigBasket and want minimal annual fees. Its 2.5% rewards on these platforms don't justify the choice here given your diverse spend across regular retail.
Who should get which card
Get SBI Cashback if you…
· Nearly double the annual benefit (₹6,801 vs ₹3,400)
· 5% cashback on online spends matches your ₹6,000 monthly shopping
· Fee waiver at ₹2L yearly spend is achievable with your ₹15,000 monthly spend
Get HDFC MoneyBack+ if you…
· Lower annual fee (₹500) if you can waive it at ₹50,000 annual spend
· Better if 80%+ shopping is on partner platforms (Amazon, Flipkart, BigBasket)
· Simpler rewards structure with fewer caps to track
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

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Related guides
HDFC MoneyBack+ vs YES Essence →Axis ACE vs SBI Cashback →HDFC Millennia vs SBI Cashback →HDFC MoneyBack+ vs HDFC Millennia →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.
SBI Cashback Credit Card has an annual fee of ₹999 + taxes (waived on ₹2L spend). HDFC MoneyBack+ Credit Card has an annual fee of ₹500 + taxes (waived on ₹50,000/year spend).
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 MoneyBack+ Credit Card offers 10X CashPoints (2.5%) on Amazon, Flipkart, Swiggy, BigBasket, Reliance Smart; 1% on others.
SBI Cashback Credit Card lounge access: No. HDFC MoneyBack+ Credit Card lounge access: None.
SBI Cashback Credit Card charges 3.5% forex markup. HDFC MoneyBack+ Credit Card charges 2.5% forex markup.