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Credit CardsComparisons

HDFC Millennia Credit Card vs SBI Cashback Credit Card

A head-to-head comparison of HDFC Millennia Credit Card and SBI Cashback Credit Card across fees, rewards, and spending categories to help you decide which card suits your wallet better.

CashbackCard A

HDFC Millennia Credit Card

Millennial Shoppers

Annual Fee
₹1,000
Reward Rate
5% on partner brands
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CashbackCard B
Annual Fee
₹999
Reward Rate
5% Flat Cashback
Apply Now Read full review →

Feature comparison

FeatureHDFC MillenniaSBI Cashback
Annual Fee₹1,000 (Waived on ₹1L spend)₹999 (Waived on ₹2L spend)
Reward Rate5% on partner brands5% Flat Cashback
Best ForMillennial ShoppersOnline Shopping
First-Card Friendly
Lounge Access
Zero Forex Markup

Spending category coverage

Which categories does each card reward?

CategoryHDFC MillenniaSBI Cashback
Online shopping
Dining
Everyday spending

Quick verdict

Choose HDFC Millennia Credit Card if:

  • You spend heavily on everyday spending
  • You spend heavily on dining
  • This is your first credit card

Choose SBI Cashback Credit Card if:

  • Lower annual fee (₹999 vs ₹1,000)

Full pros & cons

HDFC Millennia Credit Card

What's good
  • 1% cashback on all offline spends
  • Low ₹1L annual spend threshold for fee waiver
  • Points can be used against statement balance (1 CP = ₹1)
Watch out for
  • Lounge access requires a massive ₹1 Lakh spend in a calendar quarter
  • 5% cashback capped at ₹1,000 per billing cycle
  • Cashback given as CashPoints, requires manual redemption with a ₹50 fee
  • No reward points on wallet loads, Easy EMI, and education payments via third-party apps like CRED/Cheq (direct college/school payments still earn points)
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SBI Cashback Credit Card

What's good
  • Direct statement credit — no point conversion needed
  • Works across Amazon, Flipkart, Swiggy, and 100+ online merchants
  • 1% cashback on offline POS spends (capped at ₹2,000/month)
Watch out for
  • 5% online cashback capped at ₹2,000/cycle; total cap across categories: ₹4,000/cycle (reduced from ₹5,000 in April 2026)
  • Government, rent, wallet load, utility, toll, and digital gaming payments excluded
  • No airport lounge access
Apply Now
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