Hdfc Bank Millennia Credit Card Visa vs Sbi Card Visa Cashback Credit Card: Which is Better in 2026?

Which is better for rewards?

For rewards, Hdfc Bank Millennia Credit Card Visa stands out with targeted 5% cashback on popular platforms such as Myntra, Zomato, Amazon, and more, plus 1% cashback on other spends. It also offers a quarterly milestone benefit of Rs.1000 worth gift vouchers on spending Rs.1 lakh. In contrast, Sbi Card Visa Cashback Credit Card provides a flat 5% cashback on online spends and 1% on offline spends but caps total cashback at Rs.5000 per statement cycle, which may limit high spenders. The HDFC card's category-specific cashback can be more valuable for users who frequently shop on those platforms.

Which is better for travel?

Neither card offers dedicated travel benefits such as lounge access or travel insurance. Both have a 3.5% forex markup on foreign currency transactions, which is relatively high for international travel. The fuel surcharge waiver of 1% is present on both cards, making them equally modest choices for travel-related savings. Overall, neither card is travel-focused, so users seeking travel perks should consider other options.

Which has lower effective cost?

Both cards have similar joining and renewal fees around Rs.1000, but the renewal fee waiver conditions differ. Hdfc Bank Millennia waives the renewal fee on spending Rs.1 lakh, whereas Sbi Card Visa Cashback requires double that amount at Rs.2 lakhs. This makes the HDFC card potentially more cost-effective for moderate spenders. Additionally, the HDFC card includes a quarterly milestone voucher benefit that adds value beyond cashback. The forex markup and fuel surcharge waiver are identical, so fees beyond renewal depend mainly on spending patterns.

Cashback Structure and Caps

Hdfc Bank Millennia Credit Card Visa offers category-specific cashback at 5% on select merchants and 1% on other spends without an explicit cashback cap mentioned. In contrast, Sbi Card Visa Cashback Credit Card provides a flat 5% cashback on online spends and 1% on offline spends but caps total cashback at Rs.5000 per statement cycle, which may limit rewards for high spenders.

Renewal Fee Waiver Threshold

The renewal fee waiver on Hdfc Bank Millennia Credit Card Visa requires spending Rs.1 lakh, whereas the Sbi Card Visa Cashback Credit Card requires Rs.2 lakhs. This difference makes the HDFC card more accessible for users with moderate annual spends to avoid renewal fees.

Who should pick Hdfc Bank Millennia Credit Card Visa?

Consider Hdfc Bank Millennia Credit Card Visa if you frequently shop on platforms like Myntra, Zomato, Amazon, and others where you can earn 5% cashback. It is also suitable if you prefer a lower renewal fee waiver threshold and want additional quarterly milestone benefits. This card is a practical choice for users looking for category-specific cashback and moderate annual fees.

Who should pick Sbi Card Visa Cashback Credit Card?

Consider Sbi Card Visa Cashback Credit Card if you want a simple cashback structure with 5% on all online spends and 1% on offline spends, and you are comfortable with a higher renewal fee waiver threshold. This card suits users who prefer straightforward cashback without focusing on specific merchant categories and who can maximize the Rs.5000 cashback cap effectively.