Comparison guide · India
Hsbc Cashback vs Hdfc Millennia — कौन सा बेहतर? (2026)
Updated 20 June 2026·8 min read·CardHungry Editorial
Hsbc Cashback और Hdfc Millennia की विस्तृत तुलना।
HSBC Cashback Credit Card vs HDFC Millennia Credit Card — which credit card is better in 2026? This in-depth comparison covers reward rules, monthly caps, exclusions, annual fees, forex costs, eligibility, and net annual value across light, moderate, and heavy spend profiles. No sponsored ranking: every number comes from CardHungry's transparent calculator.
On this page
- At-a-glance table
- Net value by spend
- Reward rules
- Benefits
- HSBC Cashback Credit Card
- HDFC Millennia Credit Card
- Exclusions compared
- Who should pick which
- Spend scenarios
- Before you apply
At-a-glance comparison
IssuerHSBCHDFC Bank Annual fee₹999₹1,000 Min income₹40,000/mo₹35,000/mo Top reward10%5% Forex markup3.5%3.5% Secured optionNoNo Moderate NAV winnerHSBC Cashback Credit Card—Net annual value by spend profile
Light spender net value₹3,321₹2,250 Moderate spender net value₹6,051₹3,570 Heavy spender net value₹11,061₹5,100Reward rules compared
Reward rule 1dining: 10% (cap ₹1,000/mo)online shopping: 5% (cap ₹1,000/mo)Reward rule 2all: 1.5%all: 1%Benefits compared
HSBC Cashback Credit Card
- 1.5% unlimited cashback
- 10% on dining first year
- Global acceptance
HDFC Millennia Credit Card
- 5% on partners
- 1% cashback on other spends
- SmartBuy rewards
HSBC Cashback Credit Card — full breakdown
HSBC Cashback Credit Card
Issuer: HSBC · Tier: Gold · Annual fee: ₹999
Simple cashback
Eligibility snapshot- Min monthly income (salaried): ₹40,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CIBIL checked by bank at application, not by CardHungry.
- dining: 10% cashback — cap ₹1,000/month
- all: 1.5% cashback
Headline highlight: 10% on Dining (first year) (cap ₹1,000/mo)
Net value estimate (moderate spend profile)- Gross annual rewards: ₹7,680
- Annual fee: −₹999
- Forex markup cost (est.): −₹630 (3.5% on international spends)
- Net annual value: ₹6,051 (1.26% effective return)
- 1.5% unlimited cashback
- 10% on dining first year
- Global acceptance
Typically excluded or reduced: EMI, Fuel, Rent, Wallet.
Best for: Flat 1.5% unlimited cashback · Dining lovers (10% first year) · ₹40K+ income
Read full HSBC Cashback Credit Card review with spend simulator →
HDFC Millennia Credit Card — full breakdown
HDFC Millennia Credit Card
Issuer: HDFC Bank · Tier: Gold · Annual fee: ₹1,000 · Signup bonus: ₹1,000
Millennial favourite
Eligibility snapshot- Min monthly income (salaried): ₹35,000
- Secured / FD-backed: No — standard unsecured
- Approval note: Indicative only. CIBIL checked by bank at application, not by CardHungry.
- online shopping: 5% cashback — cap ₹1,000/month
- all: 1% cashback
Headline highlight: 5% on SmartBuy partners (cap ₹1,000/mo)
Net value estimate (moderate spend profile)- Gross annual rewards: ₹4,200
- Annual fee: −₹1,000
- Forex markup cost (est.): −₹630 (3.5% on international spends)
- Net annual value: ₹3,570 (0.74% effective return)
- 5% on partners
- 1% cashback on other spends
- SmartBuy rewards
Typically excluded or reduced: EMI, Fuel, Rent, Wallet, Government.
Best for: SmartBuy portal users · ₹35K+ income · Partner deal hunters
Read full HDFC Millennia Credit Card review with spend simulator →
Exclusions compared
CommonEMI, Fuel, Rent, WalletEMI, Fuel, Rent, WalletWho should pick which?
- Pick HSBC Cashback Credit Card if your spend pattern aligns with its highest-rate categories and you meet income criteria.
- Pick HDFC Millennia Credit Card if its caps, fee structure, or partner merchants match your wallet better.
- Pick neither yet if both net values are under ₹2,000/year on your spends — a third option may win (see quiz).
Spend scenario cheat sheet
- Heavy online shopper: Compare online category rates and caps first.
- Bill-pay heavy: Check utilities and telecom MCC eligibility.
- Travel / forex: Weight forex markup as heavily as reward rate.
- Fee-averse: If both NAV differences are under ₹1,000/yr, choose the free card.
Before you apply
CardHungry never pulls CIBIL. Use our interactive comparison or quiz for a third alternative. One application at a time; wait 3–6 months between rejections.
Interactive comparison
See fees, rewards, and net annual value side-by-side on your spend profile.
Open comparison tool →Recommended cards in this guide
Frequently asked questions
Hsbc Cashback or Hdfc Millennia — which is better?+
Neither wins universally. Compare net annual value on your specific spends using our comparison tool. Hsbc Cashback may win for one profile; Hdfc Millennia for another.
Can I apply for both cards?+
Possible, but multiple applications close together hurt approval odds. Apply to the best fit first; wait 3–6 months for a second card.
Do these cards have joining fees?+
Varies by channel and variant. See each product page on CardHungry for current joining and annual fees before applying.
How often is this comparison updated?+
Reward rates and fees are re-verified against issuer T&Cs periodically. Net value figures use CardHungry's calculator with current rules.
Is there a third card I should consider?+
Often yes. Our quiz surfaces a third option optimised for your income and spends — not just these two.
Related guides
Get a personalized recommendation
Generic lists ignore your income and spends. CardHungry's quiz matches you to the best cards in 2 minutes — no CIBIL pull, zero sales calls.
CardHungry is a third-party recommendation platform, not a bank or credit bureau. Approval estimates are indicative based on public eligibility criteria. Reward calculations use issuer T&Cs and may change. We earn commission if you are approved — at no cost to you.