vs
In short: SBI Cashback has the lower annual fee (₹999 vs ₹1,000); both charge a 3.5% forex markup.
| Key facts | HDFC Millennia | SBI Cashback |
|---|---|---|
| Annual fee | ₹1,000 | ₹999 |
| Joining fee | ₹1,000 | ₹999 |
| Annual fee waived | On ₹1 lakh annual spend | On ₹2 lakh annual spend |
| Top reward rate | 5% cashback on Amazon, Flipkart, Swiggy and 7 more | 5% Cashback on Online Spends |
| Base rewards | 1% Cashback on All Other Spends | 1% Cashback on Offline Spends |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 5 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
On ₹20,000 a month with ₹5,000 at each card's top rate, the two return about the same (₹4,800 vs ₹4,800 a year after fees).
| Spend profile | HDFC Millennia | SBI Cashback |
|---|---|---|
| Reward value: top rate / base rate | 5% / 1% | 5% / 1% |
| ₹20,000 a month, all general spends | ₹2,400 | ₹2,400 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹4,800 | ₹4,800 |
| Annual fee | ₹1,000 | ₹999 |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
Hdfc Bank Millennia Credit Card Visa and Sbi Card Visa Cashback Credit Card both offer 5% cashback on select categories or online spends and 1% cashback on other spends. They have similar foreign currency markup fees and fuel surcharge waivers, but differ in fee waiver thresholds and milestone benefits. This comparison will help you decide which card suits your spending habits and fee preferences better.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
Last updated:
| Feature | Hdfc Bank Millennia Credit Card Visa | Sbi Card Visa Cashback Credit Card |
|---|---|---|
| Bank | HDFC Bank | SBI Cards |
| Network | Visa | Visa |
| Joining fee | Joining Fee of Rs.1000 | Joining Fee of Rs.999 |
| Annual / renewal fee | Renewal Fee of Rs. 1000 | Renewal Fee of Rs.999 |
| Annual fee waiver | Spend Rs.1 Lakh For Renewal Fee Waiver | Spend Rs.2 Lakhs For Waiver of Renewal Fee |
| Top reward rate | 5% cashback on Amazon, Flipkart, Swiggy and 7 more | Get 5% Cashback on Online Spends |
| Base rate (other spends) | 1% Cashback on All Other Spends | Get 1% Cashback on Offline Spends |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefit - Rs.1000 CashPoints | — |
| Milestone benefit | Rs.1000 Worth Gift Vouchers on Spends of Rs.1 Lakh | — |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Both cards provide a top cashback rate of 5% and a base cashback rate of 1%, making their rewards potential quite similar. The Hdfc Bank Millennia Credit Card Visa offers 5% cashback on specific brands like Amazon, Flipkart, Swiggy, and more, while the SBI Card Visa Cashback Credit Card gives 5% cashback broadly on online spends. At Rs.20,000 monthly spend, both cards yield about Rs.4,800 annually in rewards before caps. However, HDFC's card also includes a Rs.1,000 welcome benefit and Rs.1,000 worth of gift vouchers as a milestone benefit on quarterly spends of Rs.1 lakh, adding extra value for higher spenders.
Neither card lists domestic or international lounge access in our data, and both charge a 3.5% forex markup fee on foreign currency transactions. Both also offer a 1% fuel surcharge waiver, making them comparable for travel-related fees and benefits. If you prioritize travel perks like lounge access, you may need to check with the issuer as these are not listed in our data for either card.
The Hdfc Bank Millennia Credit Card Visa has a joining and renewal fee of Rs.1,000 each, waived on spending Rs.1 lakh in a calendar quarter. The SBI Card Visa Cashback Credit Card has slightly lower joining and renewal fees of Rs.999 each but requires a higher spend of Rs.2 lakhs for fee waiver. Considering the lower spend threshold for fee waiver and milestone benefits, the HDFC card offers a more accessible way to avoid fees and gain extra rewards, making it more cost-effective for moderate spenders.
Hdfc Bank Millennia Credit Card Visa requires Rs.1 lakh quarterly spend for renewal fee waiver and offers Rs.1,000 worth of gift vouchers as a milestone benefit. SBI Card Visa Cashback Credit Card needs Rs.2 lakhs spend for fee waiver but has no milestone benefits listed. This makes HDFC's card more rewarding for moderate spenders.
HDFC's card targets popular e-commerce and food delivery platforms for its 5% cashback, while SBI's card provides 5% cashback on all online spends without brand restrictions. Choose based on whether you prefer focused or broad online cashback.
Both cards charge a 3.5% forex markup fee and offer a 1% fuel surcharge waiver, making them comparable for users who travel internationally or frequently fuel their vehicles.
Consider Hdfc Bank Millennia Credit Card Visa if you shop frequently on popular online platforms like Amazon, Flipkart, and Swiggy and want targeted 5% cashback on these brands. It's also suitable if you prefer a lower spend requirement for fee waiver and value milestone rewards like gift vouchers. The welcome benefit of Rs.1,000 CashPoints adds to its appeal for new cardholders.
Consider Sbi Card Visa Cashback Credit Card if you want a straightforward cashback structure with 5% cashback on all online spends and 1% on offline spends, without focusing on specific brands. It may suit you if you have higher quarterly spends to meet the Rs.2 lakh fee waiver threshold and prefer a card with slightly lower joining and renewal fees. However, it lacks milestone and welcome benefits in our data.
Hdfc Bank Millennia Credit Card Visa has a joining fee of Rs.1,000, while Sbi Card Visa Cashback Credit Card has a joining fee of Rs.999.
For Hdfc Bank Millennia Credit Card Visa, spend Rs.1 lakh in a calendar quarter to waive the Rs.1,000 renewal fee. For Sbi Card Visa Cashback Credit Card, spend Rs.2 lakhs to waive the Rs.999 renewal fee.
Both cards offer 5% cashback on select spends and 1% cashback on other spends. HDFC's card gives 5% cashback on specific brands like Amazon and Flipkart, while SBI's card offers 5% cashback on all online spends.
Hdfc Bank Millennia Credit Card Visa provides a welcome benefit of Rs.1,000 CashPoints. Sbi Card Visa Cashback Credit Card does not list any welcome benefits in our data.
Lounge access is not listed in our data for either card. Please check with the issuer for details.
Both cards charge a 3.5% foreign currency transaction markup fee.