HDFC Millennia Credit Card vs SBI Cashback Credit Card
Verify differences in joining fees, waivers, reward structures, lounge access frequencies, and foreign transaction charges to pick your match.
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HDFC Bank
HDFC Millennia
Cardmember
CARD COMPARE MEMBER
HDFC Millennia Credit Card
Verified: 9 June 2026
State Bank of India
SBI Cashback
Cardmember
CARD COMPARE MEMBER
SBI Cashback Credit Card
Verified: 10 June 2026
| Feature / Parameter | HDFC Millennia Credit Card | SBI Cashback Credit Card |
|---|---|---|
| Bank | HDFC Bank | State Bank of India |
| Best For | Shopping | Cashback |
| Joining Fee | ₹1,000 | ₹999 |
| Annual Fee | ₹1,000 | ₹999 Best: Lower maintenance cost |
| Renewal Waiver | Waived on annual spends of ₹1,00,000 or more in the previous year. | Waived on annual spends of ₹2,00,000 or more in the previous year. |
| Cashback & Reward Rate | 5% cashback (as CashPoints) on Amazon, Flipkart, Swiggy, Uber, Zomato, Tata CLiQ, BookMyShow, Myntra. 1% cashback on other spends. | 5% cashback on online spends (without merchant capping restrictions, with some exclusions like rent, utilities, fuel). 1% cashback on offline spends. |
| Lounge Access | 8 complimentary domestic lounge visits per year (maximum 2 per calendar quarter), subject to credit spending rules. Best: Better lounge privileges | Complimentary lounge access is currently not offered on this card. |
| Forex Markup Fee | 3.50% of the transaction value. | 3.50% of the transaction value + applicable taxes. |
| Fuel Benefit | 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 (maximum waiver capped at ₹250 per statement cycle). | 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 (maximum waiver capped at ₹100 per statement cycle). |
| Finance Charges | 3.60% per month (43.20% per annum). | 3.50% per month (42% per annum) from the transaction date. |
| Eligibility | Salaried individuals with a monthly salary of ₹35,000+ or self-employed with annual ITR above ₹6 Lakhs. Age: 21 to 40 years. | Salaried individuals with a monthly income of ₹30,000 or self-employed individuals with a stable annual tax filing. Age limit: 21 to 60 years. |
Choose HDFC Millennia Credit Card if...
- You prefer direct statement cashback over reward points catalog redemptions.
- You want superior domestic and/or international airport lounge access privileges (8 complimentary domestic lounge visits per year (maximum 2 per calendar quarter), subject to credit spending rules.).
- Your spending habits are concentrated heavily on Shopping transactions.
- You easily hit the annual waiver spending target: ₹1,00,000 or more in the previous year.
Choose SBI Cashback Credit Card if...
- You want a lower maintenance fee (₹999 vs ₹1,000).
- You prefer direct statement cashback over reward points catalog redemptions.
- Your spending habits are concentrated heavily on Cashback transactions.
- You easily hit the annual waiver spending target: ₹2,00,000 or more in the previous year.
AHDFC Millennia Credit Card Highlights
Pros
- Excellent 5% return on popular daily partner sites including Amazon and Flipkart.
- Low annual fee waiver limit of ₹1 Lakh.
- CashPoints can be adjusted directly against your outstanding balance (1 CashPoint = ₹1).
Cons / Limitations
- CashPoints expire after 1 year if unused.
- 5% cashback capped at ₹1,000 total per calendar month across partner sites.
- Lounge access now conditional on meeting quarterly spending requirements.
BSBI Cashback Credit Card Highlights
Pros
- Unrestricted 5% cashback on online purchases across most e-commerce apps.
- Cashback is credited automatically to your credit card statement within the next billing cycle.
- Relatively low spending threshold for annual fee waiver (₹2 Lakhs).
Cons / Limitations
- No domestic or international airport lounge access benefits.
- Monthly cashback is capped at ₹5,000 per statement cycle.
- Excludes utility payments, insurance, education, and rent from 5% cashback.
CardCompare India Editorial Verdict
Both cards offer excellent value in their respective segments. If you prefer lower annual fees, SBI Cashback Credit Card is the clear choice. For travelers, check the Lounge Access and Forex Markup specs above to determine the winner.
Our comparisons are editorially independent. We may earn a commission. Banks verify CIBIL and issue final approvals.Fees, interest rates, reward rates, lounge lists, and eligibility terms are subject to change by issuing banks. CardCompare India is an independent review site and cannot guarantee final card approvals. Review the bank's official Reward Charters and Most Important Terms and Conditions (MITC) before submitting credit applications.