CASHBACK SBI Card vs Amazon Pay ICICI Bank vs HDFC Bank Millennia

CASHBACK SBI Card vs Amazon Pay ICICI Bank 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 Amazon Pay ICICI Bank 46/100 (₹4,742) vs Millennia 50/100 (₹6,626). Cheapest to hold: Amazon Pay ICICI Bank (lifetime free). Edit the spend on this page to re-score for yours.

Card	‹›⇄× SBI CardCASHBACK SBI Card	‹›⇄× ICICI BankAmazon Pay ICICI BankAmazon Pay	‹›⇄× HDFC BankMillennia
Overview
Personal score	60/100 BEST	46/100	50/100
Recurring net savings	₹8,834/yr BEST	₹4,742/yr	₹6,626/yr
Effective savings rate	2.7% BEST	1.5%	2.0%
Annual fee incl. GST	Waived ₹1,179	Free for life	Waived ₹1,180
Usable lounge visits	✈ none you can use 0	✈ 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…	✓ Base rate 1% on other spends earns you about ₹2,006 a year on…	✓ 5% on Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Tata…
Main drawback	! No usable lounge access although you asked for it.	! 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	₹4,382 at ₹1/Amazon Pay balance	₹6,266 at ₹1/CashPoints
+ Milestone bonuses you reach	none	none	₹0 0 of 1 achieved
+ Fuel surcharge waiver	₹360	₹360	₹360
+ Lifestyle benefits you asked for	none matched	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 lifetime free	₹0 waived at ₹1,00,000 spend
− Forex markup on international spend	none	none	none
= Recurring net savings	₹8,834/yr BEST	₹4,742/yr	₹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	₹3,26,640 UPI-only rupees excluded on non-RuPay cards
= Effective savings rate	2.7% BEST	1.5%	2.0%
Rewards on your spend
Groceries & quick-commerce (₹72,000/yr)	₹432 0.6%	₹432 0.6%	₹432 0.6%
Dining & food delivery (₹48,000/yr)	₹1,766 3.7% BEST	₹590 1.2%	₹1,766 3.7% BEST
Online shopping (₹72,000/yr)	₹3,600 5.0% BEST	₹1,728 2.4%	₹2,736 3.8%
Fuel (₹36,000/yr)	₹0 0.0%	₹0 0.0%	₹0 0.0%
Cabs & commute (₹18,000/yr)	₹108 0.6%	₹108 0.6%	₹108 0.6%
Bills & utilities (₹30,000/yr)	₹0 0.0%	₹600 2.0% BEST	₹300 1.0%
Flights (₹24,000/yr)	₹1,200 5.0% BEST	₹240 1.0%	₹240 1.0%
Hotels (₹12,000/yr)	₹600 5.0% BEST	₹120 1.0%	₹120 1.0%
Movies & OTT (₹9,600/yr)	₹480 5.0% BEST	₹96 1.0%	₹96 1.0%
Insurance premiums (₹18,000/yr)	₹0 0.0%	₹180 1.0% BEST	₹180 1.0% BEST
Everything else (₹48,000/yr)	₹288 0.6%	₹288 0.6%	₹288 0.6%
Base earn rate	1%	1%	1%
Accelerated categories	1 rule 5% on all online spends (₹2,000/month cap from 1 Apr 2026) – 5.0%, cap ₹2,000/mo	4 rules 5% on Amazon.in (Prime members; 3% without Prime) – 5.0% 2% at 100+ Amazon Pay partner merchants (Swiggy, Uber, BookMyShow…) – 2.0% 2% on bills & recharges via Amazon Pay – 2.0% 1% on insurance – 1.0%	2 rules 5% on Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Tata CLiQ, Cult.fit, Sony LIV – 5.0%, cap ₹1,000/mo 1% on other spends (capped 1,000 CP/mo) – 1.0%, cap ₹1,000/mo
Excluded categories	fuel, rent, utilities, insurance, education	fuel, rent, education	fuel, rent
Caps hit for your spend	None	None	None
Milestones	None	None	◻︎ ₹1,000 gift voucher on ₹1L quarterly spend
UPI rewards (RuPay)	Not UPI-enabled	Not UPI-enabled	Not UPI-enabled
Fees & first year
Joining fee	₹999 + GST	₹0 + GST	₹1,000 + GST
Fee waiver	On ₹2,00,000 annual spend	Lifetime free	On ₹1,00,000 annual spend
Renewal benefit	None	None	None
Welcome benefit (first year only)	None	₹2,000 Amazon Pay welcome rewards (Prime) ≈ ₹2,000	1,000 CashPoints on joining-fee payment ≈ ₹1,000
First-year value (separate)	₹7,656 BEST	₹6,742	₹6,446
Travel
Domestic lounge entitlement	None	None	2 per quarter
International lounge entitlement	None	None	None
Lounge condition	None	None	₹1,00,000 per quarter – not met
Forex markup	3.5%	3.5%	3.5%
Redemption & simplicity
Reward currency	Cashback · ₹1/unit	Amazon Pay balance · ₹1/unit	CashPoints · ₹1/unit
How to redeem	Details Auto-credited to statement within two days of statement generation.	Details Credited as Amazon Pay balance – spendable on Amazon, bills, flights, stores.	Details 1 CP = ₹1 as statement credit (min 500 CP); ₹0.30 on SmartBuy flights.
Redemption flexibility	★★★★★ BEST	★★★★★ BEST	★★★★☆
Simplicity	★★★★★ BEST	★★★★★ BEST	★★★★☆
Lifestyle
Benefits you asked for	fuel waiver	fuel waiver	fuel waiver
All lifestyle perks	fuel waiver	fuel waiver	fuel waiver
Eligibility	Income ₹3L+/yr; salaried preferred	Income ₹3L+/yr; instant issuance for many Amazon users	Income ₹6L+/yr or ₹35k+/month salary
Score breakdown
Net savings rate	55/100 × 55% = 30.2	29/100 × 55% = 16.2	41/100 × 55% = 22.6
Usable lounge access	0/100 × 15% = 0.0	0/100 × 15% = 0.0	0/100 × 15% = 0.0
Redemption flexibility	100/100 × 10% = 10.0	100/100 × 10% = 10.0	80/100 × 10% = 8.0
Lifestyle fit	100/100 × 10% = 10.0	100/100 × 10% = 10.0	100/100 × 10% = 10.0
Simplicity	100/100 × 5% = 5.0	100/100 × 5% = 5.0	80/100 × 5% = 4.0
Fee safety	100/100 × 5% = 5.0	100/100 × 5% = 5.0	100/100 × 5% = 5.0
Sources
Official source	SBI Card – CASHBACK SBI Card	ICICI Bank – Amazon Pay Credit Card	HDFC Bank – Millennia
Last reviewed	2026-09-19	2026-09-12	2026-09-12