CASHBACK SBI Card vs HDFC Bank Millennia
Side-by-side for the example profile – edit spend and travel needs to make it yours.
CASHBACK SBI Card vs Millennia (Sept 2026): for the standard ₹32k/month profile CASHBACK SBI Card wins on score (60/100, ₹8,834 recurring net savings a year) vs Millennia 50/100 (₹6,626). Cheapest to hold: CASHBACK SBI Card (₹1,179 incl. GST). Edit the spend on this page to re-score for yours.
Recommendation for Typical Indian cardholder (₹32k/month)
CASHBACK SBI Card scores highest (60/100) with ₹8,834 recurring net savings a year.
Edit your spend and travel needs above – scores, savings and this verdict update instantly.
Standard profile
Scored for Typical Indian cardholder · ₹32k/monthBills paid in full · first-year offers shown separately · set up your profile to score cards for your own spend
| Card | ||
|---|---|---|
| Overview | ||
| Personal score | 60/100 BEST | 50/100 |
| Recurring net savings | ₹8,834/yr BEST | ₹6,626/yr |
| Effective savings rate | 2.7% BEST | 2.0% |
| Annual fee incl. GST | Waived | Waived |
| Usable lounge visits | ✈ none you can use 0 | ✈ none you can use 0 |
| Why it fits | ✓ 5% on all online spends (₹2,000/month cap from 1 Apr 2026) earns you… | ✓ 5% on Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Tata… |
| Main drawback | ! No usable lounge access although you asked for it. | ! Lounge access needs ₹1,00,000 spend per quarter – your spend does not… |
| How the net figure adds up | ||
| + Reward value on your spend | ₹8,474 at ₹1/Cashback BEST | ₹6,266 at ₹1/CashPoints |
| + Milestone bonuses you reach | none | ₹0 0 of 1 achieved |
| + Fuel surcharge waiver | ₹360 | ₹360 |
| + Lifestyle benefits you asked for | none matched | none matched |
| + Renewal bonus (only when the fee is charged) | — | — |
| − Annual fee incl. 18% GST | ₹0 waived at ₹2,00,000 spend | ₹0 waived at ₹1,00,000 spend |
| − Forex markup on international spend | none | none |
| = Recurring net savings | ₹8,834/yr BEST | ₹6,626/yr |
| ÷ Card spend counted | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards | ₹3,26,640 UPI-only rupees excluded on non-RuPay cards |
| = Effective savings rate | 2.7% BEST | 2.0% |
| Rewards on your spend | ||
| Groceries & quick-commerce (₹72,000/yr) | ₹432 0.6% | ₹432 0.6% |
| Dining & food delivery (₹48,000/yr) | ₹1,766 3.7% | ₹1,766 3.7% |
| Online shopping (₹72,000/yr) | ₹3,600 5.0% BEST | ₹2,736 3.8% |
| Fuel (₹36,000/yr) | ₹0 0.0% | ₹0 0.0% |
| Cabs & commute (₹18,000/yr) | ₹108 0.6% | ₹108 0.6% |
| Bills & utilities (₹30,000/yr) | ₹0 0.0% | ₹300 1.0% BEST |
| Flights (₹24,000/yr) | ₹1,200 5.0% BEST | ₹240 1.0% |
| Hotels (₹12,000/yr) | ₹600 5.0% BEST | ₹120 1.0% |
| Movies & OTT (₹9,600/yr) | ₹480 5.0% BEST | ₹96 1.0% |
| Insurance premiums (₹18,000/yr) | ₹0 0.0% | ₹180 1.0% BEST |
| Everything else (₹48,000/yr) | ₹288 0.6% | ₹288 0.6% |
| Base earn rate | 1% | 1% |
| Accelerated categories | 1 rule
| 2 rules
|
| Excluded categories | fuel, rent, utilities, insurance, education | fuel, rent |
| Caps hit for your spend | None | None |
| Milestones | None |
|
| UPI rewards (RuPay) | Not UPI-enabled | Not UPI-enabled |
| Fees & first year | ||
| Joining fee | ₹999 + GST | ₹1,000 + GST |
| Fee waiver | On ₹2,00,000 annual spend | On ₹1,00,000 annual spend |
| Renewal benefit | None | None |
| Welcome benefit (first year only) | None | 1,000 CashPoints on joining-fee payment ≈ ₹1,000 |
| First-year value (separate) | ₹7,656 BEST | ₹6,446 |
| Travel | ||
| Domestic lounge entitlement | None | 2 per quarter |
| International lounge entitlement | None | None |
| Lounge condition | None | ₹1,00,000 per quarter – not met |
| Forex markup | 3.5% | 3.5% |
| Redemption & simplicity | ||
| Reward currency | Cashback · ₹1/unit | CashPoints · ₹1/unit |
| How to redeem | DetailsAuto-credited to statement within two days of statement generation. | Details1 CP = ₹1 as statement credit (min 500 CP); ₹0.30 on SmartBuy flights. |
| Redemption flexibility | ★★★★★ BEST | ★★★★☆ |
| Simplicity | ★★★★★ BEST | ★★★★☆ |
| Lifestyle | ||
| Benefits you asked for | fuel waiver | fuel waiver |
| All lifestyle perks | fuel waiver | fuel waiver |
| Eligibility | Income ₹3L+/yr; salaried preferred | Income ₹6L+/yr or ₹35k+/month salary |
| Score breakdown | ||
| Net savings rate | 55/100 × 55% = 30.2 | 41/100 × 55% = 22.6 |
| Usable lounge access | 0/100 × 15% = 0.0 | 0/100 × 15% = 0.0 |
| Redemption flexibility | 100/100 × 10% = 10.0 | 80/100 × 10% = 8.0 |
| Lifestyle fit | 100/100 × 10% = 10.0 | 100/100 × 10% = 10.0 |
| Simplicity | 100/100 × 5% = 5.0 | 80/100 × 5% = 4.0 |
| Fee safety | 100/100 × 5% = 5.0 | 100/100 × 5% = 5.0 |
| Sources | ||
| Official source | SBI Card – CASHBACK SBI Card | HDFC Bank – Millennia |
| Last reviewed | 2026-09-19 | 2026-09-12 |
Frequently asked questions
Which is better: CASHBACK SBI Card or Millennia?
For the example profile, CASHBACK SBI Card scores highest (60/100, ₹8,834 recurring net savings). The answer changes with your spend mix, lounge needs and fee comfort – edit the profile on this page.
Which has the lower annual fee?
CASHBACK SBI Card: ₹1,179 incl. GST; Millennia: ₹1,180 incl. GST.