SBI Cashback vs HDFC Millennia
SBI Cashback is easier to justify if you prefer the lower listed annual fee (Rs 999). HDFC Millennia is easier to justify if you want more listed lounge access (4 per year).
Choose SBI Cashback if...
- You prefer the lower listed annual fee (Rs 999).
- 5% cashback on online spends, auto-credited with no points to manage.
Choose HDFC Millennia if...
- You want more listed lounge access (4 per year).
- 5% CashBack on select online merchants, auto-credited with no points to manage.
Fees, rewards and benefits compared
| Feature | SBI Cashback Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Issuer | SBI Card | HDFC Bank |
| Network | Visa, Mastercard | Visa, Mastercard |
| Joining fee | Rs 999 | Rs 1,000 |
| Annual fee | Rs 999 | Rs 1,000 |
| Fee waiver spend | Rs 2 lakh | Rs 1 lakh |
| Best use case | Best for simple cashback | Best for simple cashback |
| Reward type | cashback | cashback |
| Top rewards | Online spends: 5% cashback; Offline spends: 1% cashback | select online merchants: 5% CashBack; others: 1% CashBack; smartbuy: Up to 10% CashBack |
| Domestic lounge | 0 per year | 4 per year |
| International lounge | 0 per year | 0 per year |
| Forex markup | 3.5% | 3.5% |
| Milestone benefits | Not clearly available in our current data. | Either Rs 1,000 gift voucher or 1 domestic lounge access voucher on spends of Rs 1,00,000 and above in each calendar quarter |
| Redemption | Not clearly available in our current data. | Statement balance: up to Rs 1 per point; SmartBuy flight/hotel: up to Rs 1 per point |
| Key exclusions | utilities; insurance; fuel; rent; wallet loads | fuel; rent; government payments; cash withdrawal; wallet loads |
Rewards comparison
SBI Cashback Credit Card: 5% cashback on online spends, auto-credited with no points to manage.
HDFC Millennia Credit Card: 5% CashBack on select online merchants, auto-credited with no points to manage.
Lounge access comparison
Use the side-by-side table above for domestic and international lounge counts from the current card data.
Forex and international travel comparison
SBI Cashback lists a 3.5% forex markup. HDFC Millennia lists a 3.5% forex markup. Check issuer terms before using either card for large international spends.
Exclusions and limitations
Review the exclusions row carefully. Reward caps, merchant restrictions, and excluded spends can materially change real value.
Final recommendation
Start with SBI Cashback if fee recovery is your first filter. Consider HDFC Millennia if listed lounge access matters more, and SBI Cashback if forex markup is a key part of your travel spends. Verify issuer terms before applying.
Common questions
Which card has the lower annual fee: SBI Cashback or HDFC Millennia?
SBI Cashback lists the lower annual fee in our current data.
Which card is better for lounge access?
HDFC Millennia lists more total lounge access in our current data.
Which card has lower forex markup?
Both cards list a 3.5% forex markup in our current data.
Do affiliate links affect this comparison?
No. The comparison uses existing card data. Apply links may be affiliate links, but they do not change the displayed fees, rewards, or limitations.
What should I verify before applying?
Check issuer terms for latest fees, eligibility, reward caps, lounge rules, exclusions, and redemption options before applying.
Affiliate disclosure: Apply links may be affiliate links. We may earn a commission if you apply and are approved, but this comparison uses existing card data and does not change affiliate or apply link behavior.
Last updated: June 2026