SBI Cashback Credit Card Vs HDFC Millennia Credit Card

Last Updated : March 22, 2025, 5:33 p.m.

The Cashback SBI card is one of the best cashback credit cards that gives a value back of 5% on card spends. It is most suited for those who prefer to shop online for most of their requirements, whether it be travel, apparel, food, groceries, entertainment, footwear, or others. The SBI credit card offers accelerated savings in the form of 5% cashback on all online purchases irrespective of the brand, platform or merchant. The HDFC Millennia credit card is also a great cashback credit card providing a cashback of 5% on online merchant spends with reputed platforms like Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Swiggy, Zomato, Tata CliQ, Uber, and Sony LIV and a 1% cashback on offline spends irrespective of merchant, brand, or platform. So, which card to choose amongst them? To determine this, it is important to understand the features and benefits of both the credit cards in detail. You can determine where each of the credit cards score over the other and which card suits your personal preferences and lifestyle. Then, you can choose the card most aligned to you. Also, before you apply for a credit card, check your credit score as this is one of the most important eligibility criteria based on which the lender approves or rejects your credit card application. Check CIBIL Score for free on Wishfin. You can also view your CIBIL report in and out in detail.

SBI Cashback Credit Card Vs HDFC Millennia Credit Card - Comparison

Pros and Cons of the SBI Cashback Credit Card and the HDFC Millennia Credit Card

Pros of the SBI Cashback Credit Card

• 5% cashback on all online purchases without any merchant restrictions.
• 1% cashback on offline spends.
• Cardholders can earn a maximum cashback of Rs. 5000 in every monthly statement cycle.
• It is most suitable for high spending on online merchants.

Pros of the HDFC Millennia Credit Card

• 7% Reward points on each and every purchase on Shoppers Stop.
• 2% reward points on each and every purchase on non shoppers stop.
• Enjoy complimentary shoppers stop black membership worth Rs. 4500.

Cons of the SBI Cashback Credit Card

• Unlike some other credit cards, the SBI Cashback credit card does not offer complimentary lounge access.
• Some categories like transactions on rent payments, fuel purchases, wallet loads, insurance, jewelry, utilities, and gift shop purchases are excluded from cashback.
• No welcome benefits
• Some travel spends do not earn reward points.
• Cashback benefits do not apply to merchant EMI or Flexipay EMI transactions for certain categories.
• There is a monthly capping on cashback, and you cannot earn unlimited cashback, regardless of how much you spend.
• Cashback will be reversed in case of cancellations of purchases, returns, and reversals. The reversal amount will be adjusted or debited in your monthly statement.

Cons of the HDFC Millennia Credit Card

• Higher foreign currency markup
• Potential issues with crediting reward points
• Cash withdrawal comes with additional charges of 2.5% of the withdrawn amount or Rs. 500 (Whichever is higher).
• The card offers cashpoints instead of direct cashback. This implies that you may have to redeem the points which will require you to follow a process.
• Cash points are valid only for 2 years from the date of earning.
• No golf/coaching sessions.

SBI Cashback Credit Card vs HDFC Millennia Credit Card - Which Card Should You Choose?

After going through the article, titled, ‘SBI Cashback Credit Card Vs HDFC Millennia Credit Card’, you can now decide which card to choose? Choosing a card depends completely on your personal preferences. Choose the HDFC Millennia credit card if most of your spends are online, and you are a person who shops across multiple brands. Also, the card is a good option if you can spend 1 lakh every quarter to utilize the milestone benefits. Additionally, if you love to dine on Swiggy, you can get an attractive discount with Swiggy Dineout.

Coming to the SBI Cashback credit card, choose this credit card if you are focused on cashback and prefer shopping online instead of offline. This is because the card provides value back regardless of the online brand or merchant that you shop on. It gives cashback on a much wider range of online spends such as shopping, traveling, dining, and lifestyle. Further, If you wish to get a credit card that directly credits your earned cashback to your account, thus making the process of redeeming hassle-free, then opt for the SBI Cashback credit card.