SBI Cashback vs HDFC Millennia — कौन सा बेहतर? (2026)
SBI Cashback और HDFC Millennia की विस्तृत तुलना — rewards, fees, eligibility। Winner ranked by net value on a moderate spend profile — fees and caps included. Winner ranked by net value on a moderate spend profile — fees and caps included.
Updated 6 अक्टूबर 2026·2 cards · 3 min scan·CardHungry
Top pick · SBI Cashback Credit Card
Net / yr
₹5,520
Annual fee
Free
Return
1.5%
Comparison
Net annual value · moderate spend
Comparison winner: SBI Cashback Credit Card, ₹5,520 per year net
SBI Cashback Credit Card
SBI Card
Net / yr
₹5,520
Fee
₹999
Top
5%
- ✓Wins this head-to-head — about ₹5,520/yr net after fees on typical spends.
- ✓Best for online spends — 5%, up to ₹2,000/statement cycle.
SBI Cashback Credit Card
SBI Card
Net / yr
₹5,520
Fee
₹999
Top
5%
- ✓Wins this head-to-head — about ₹5,520/yr net after fees on typical spends.
- ✓Best for online spends — 5%, up to ₹2,000/statement cycle.
HDFC Millennia Credit Card
HDFC Bank
Net / yr
₹3,612
Fee
₹1,000
Top
5%
- ✓Strong runner-up at ₹3,612/yr net — roughly ₹1,908 behind #1 on the same spend mix.
- ✓Best for 10 named online merchants — 5%, up to ₹1,000/mo.
Why the other card ranks lower
Ranked by net annual value on a moderate spend profile. Each line ties to issuer T&Cs, fees, caps, and your eligibility band. How we calculate NAV
- Strong runner-up at ₹3,612/yr net — roughly ₹1,908 behind #1 on the same spend mix.
- Best for 10 named online merchants — 5%, up to ₹1,000/mo.
- Fee likely waived if you spend ₹1,00,000/yr — worth it on moderate usage.
2HDFC Millennia Credit CardHDFC Bank
- Strong runner-up at ₹3,612/yr net — roughly ₹1,908 behind #1 on the same spend mix.
- Best for 10 named online merchants — 5%, up to ₹1,000/mo.
- Fee likely waived if you spend ₹1,00,000/yr — worth it on moderate usage.
Full review →Net / yr
₹3,612
Why each card ranks here
Ranked by net annual value on a moderate spend profile. Each line ties to issuer T&Cs, fees, caps, and your eligibility band. How we calculate NAV
- Wins this head-to-head — about ₹5,520/yr net after fees on typical spends.
- Best for online spends — 5%, up to ₹2,000/statement cycle.
- Fee likely waived if you spend ₹2,00,000/yr — worth it on moderate usage.
1SBI Cashback Credit CardSBI Card
- Wins this head-to-head — about ₹5,520/yr net after fees on typical spends.
- Best for online spends — 5%, up to ₹2,000/statement cycle.
- Fee likely waived if you spend ₹2,00,000/yr — worth it on moderate usage.
Full review →Net / yr
₹5,520
- Strong runner-up at ₹3,612/yr net — roughly ₹1,908 behind #1 on the same spend mix.
- Best for 10 named online merchants — 5%, up to ₹1,000/mo.
- Fee likely waived if you spend ₹1,00,000/yr — worth it on moderate usage.
2HDFC Millennia Credit CardHDFC Bank
- Strong runner-up at ₹3,612/yr net — roughly ₹1,908 behind #1 on the same spend mix.
- Best for 10 named online merchants — 5%, up to ₹1,000/mo.
- Fee likely waived if you spend ₹1,00,000/yr — worth it on moderate usage.
Full review →Net / yr
₹3,612
Net value snapshot
Rewards minus annual fee on your spend profile
- #1SBI Cashback Credit Card₹5,520#1SBI Cashback Credit Card₹5,520
- #2HDFC Millennia Credit Card₹3,612#2HDFC Millennia Credit Card₹3,612
Before you apply
कोई भी सबके लिए नहीं जीतता
sbi cashback vs hdfc millennia — बेहतर कार्ड आपके खर्च पर निर्भर करता है। हेडलाइन % नहीं, अपने प्रोफ़ाइल पर नेट वैल्यू देखें।
कैप और बहिष्कृत खर्च देखें
विजेता चुनने से पहले मासिक रिवॉर्ड कैप और बाहर की कैटेगरी (रेंट, वॉलेट, EMI) तुलना करें।
पहले एक के लिए आवेदन करें
हर आवेदन पर CIBIL इन्क्वायरी लगती है। अपने खर्च के लीडर को चुनें, दूसरे पर बाद में विचार करें।
Frequently asked questions
Sbi Cashback or Hdfc Millennia — which is better?+
Neither wins universally. Compare net annual value on your specific spends using our comparison tool. Sbi 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.
Full written guide
Methodology, tables, eligibility & fine print · ~8 min read
Full written guide
Methodology, tables, eligibility & fine print · ~8 min read
SBI 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
- SBI Cashback Credit Card
- HDFC Millennia Credit Card
- Exclusions compared
- Who should pick which
- Spend scenarios
- Before you apply
At-a-glance comparison
| Factor | SBI Cashback Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Issuer | SBI Card | HDFC Bank |
| Annual fee | ₹999 | ₹1,000 |
| Fee waiver | ₹2,00,000/yr spend | ₹1,00,000/yr spend |
| Min income | ₹25,000/mo | ₹35,000/mo |
| Lounge | None | Milestone domestic lounge — up to 4/year |
| Top reward | 5% | 5% |
| Forex markup | 3.5% | 3.5% |
| Secured option | No | No |
| Moderate NAV winner | SBI Cashback Credit Card | — |
Net annual value by spend profile
| Profile | SBI Cashback Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Light spender net value | ₹1,101 | ₹1,632 |
| Moderate spender net value | ₹5,520 | ₹3,612 |
| Heavy spender net value | ₹12,600 | ₹7,680 |
Reward rules compared
| Rule | SBI Cashback Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Reward rule 1 | online shopping: 5% (cap ₹2,000/mo) | online shopping: 5% (cap ₹1,000/mo) |
| Reward rule 2 | all: 1% (cap ₹2,000/mo) | all: 1% |
Benefits compared
SBI Cashback Credit Card
- 5% online cashback
- 1% on other spends
- Fuel surcharge waiver
HDFC Millennia Credit Card
- 5% on partners
- 1% cashback on other spends
- SmartBuy rewards
SBI Cashback Credit Card — full breakdown
SBI Cashback Credit Card
Issuer: SBI Card · Tier: Gold · Annual fee: ₹999
Max cashback on online spends
Eligibility snapshot
- Min monthly income (salaried): ₹25,000
- Secured / FD-backed: No — standard unsecured
Reward structure
- online shopping: 5% cashback — cap ₹2,000/month
- all: 1% cashback — cap ₹2,000/month
Headline highlight: 5% on Online spends (cap ₹2,000/statement cycle)
Net value estimate (moderate spend profile)
- Gross annual rewards: ₹5,940
- Annual fee: −₹0
- Forex markup cost (est.): −₹420 (3.5% on international spends)
- Net annual value: ₹5,520 (1.48% effective return)
Key benefits
- 5% online cashback
- 1% on other spends
- Fuel surcharge waiver
Exclusions & fine print
Typically excluded or reduced: Fuel, Utilities, Insurance, Rent, Wallet loads, EMI.
Best for: भारी ऑनलाइन खरीदारी · Amazon/Flipkart उपयोगकर्ता · ₹25K+ वेतनभोगी
Read full SBI 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
Reward structure
- online shopping: 5% cashback — cap ₹1,000/month (Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ only)
- all: 1% cashback
Headline highlight: 5% on 10 named online merchants (cap ₹1,000/mo)
Net value estimate (moderate spend profile)
- Gross annual rewards: ₹4,032
- Annual fee: −₹0
- Forex markup cost (est.): −₹420 (3.5% on international spends)
- Net annual value: ₹3,612 (0.97% effective return)
Key benefits
- 5% on partners
- 1% cashback on other spends
- SmartBuy rewards
Exclusions & fine print
Typically excluded or reduced: EMI, Fuel, Rent, Wallet, Government.
Best for: SmartBuy पोर्टल उपयोगकर्ता · ₹35K+ आय · पार्टनर डील खोजने वाले
Read full HDFC Millennia Credit Card review with spend simulator →
Exclusions compared
| Typically excluded | SBI Cashback Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Common | Fuel, Utilities, Insurance, Rent | EMI, Fuel, Rent, Wallet |
Who should pick which?
- Pick SBI 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.
Related guides
Your spends are different
These picks use the moderate profile above. Edit spends to re-rank this page, or take CardHungry's quiz — no CIBIL pull.
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.