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HDFC MoneyBack+ vs SBI Cashback Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

HDFC MoneyBack+ Credit Card versus SBI Cashback Credit Card compared
FeatureHDFC MoneyBack+ Credit CardHDFC MoneyBack+ Credit CardHDFC Bank5 recent changes →
SBI Cashback Credit CardSBI Cashback Credit CardState Bank of India5 recent changes →
Rewards by spend
Rewards0.2% on most spends; 2% only at partner merchants1% base, up to 5% on online shopping
UPI payments (scan and pay)sameEarns nothingEarns nothing
Online shopping0.2%; 2% only at Flipkart, Amazon, Swiggy, Reliance Smart, BigBasket5%
Dining and food delivery0.2%1%
Groceries0.2%1%
Travel: flights, hotels, trains0.2%1%
FuelsameEarns nothingEarns nothing
Bills and recharges0.2%Earns nothing
RentsameEarns nothingEarns nothing
Insurance premiums0.2%Earns nothing
School and college fees0.2%Earns nothing
Wallet top-upssameEarns nothingEarns nothing
Taxes and government paymentssameEarns nothingEarns nothing
Spend abroad or in a foreign currency0.2%1%
Everything else0.2%1%
Card identity
Card typesameShoppingShopping
NetworkMastercardVisa
Card tierEntryMid
Fees
Joining fee₹500 + GST₹999 + GST
Annual fee₹500 + GST₹999 + GST
Fee waived at₹50,000₹2,00,000
Eligibility
Min age21 years-
Max age60 years-
Employment typesameBOTHBOTH
Min monthly salary₹20,000-
Min credit score-650
Rewards
Reward typeReward pointsCashback
Point value₹0₹1
Fuel surcharge
Fuel surcharge waiversameYesYes
Fuel waiver cap-₹100
Forex and international
Forex markupsame3.5%3.5%
Interest and charges
Interest rate (monthly)same3.75%3.75%
Interest rate (annual)same45%45%
Page content
Eligibility-Age: 21 to 65 years Employment: Both salaried and self-employed individuals Minimum Income: Rs 30,000 Credit Score: 650+ with no delayed payments in the past 12 months New-to-Credit: Allowed only for salaried applicants
Documents neededPAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photographID Proof: PAN Card/Form 60 Address Proof: Aadhaar, Passport, or utility bills Income Proof: Bank statements or salary slips Photograph: Recent passport-sized photo
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Worth in Rupees at ₹20,000 a Month

HDFC MoneyBack+ Credit Card
Rewards a year
₹480
Fee a year
₹0
You keep
₹480
SBI Cashback Credit Card
Rewards a year
₹4,800
Fee a year
₹0
You keep
₹4,800

At this spend, SBI Cashback Credit Card comes out ₹4,320 a year ahead of HDFC MoneyBack+ Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

HDFC MoneyBack+ Credit Card
  • Online grocery shoppers
  • Amazon and Flipkart users
  • Budget-conscious first card users
SBI Cashback Credit Card
  • Heavy online shoppers
  • People who want plain cashback, not points
  • Shoppers who use many different websites

Watch-Outs

HDFC MoneyBack+ Credit Card
  • About 0.2% on other spends
  • CashPoints are worth only about 20 paise each
  • Accelerated points are capped monthly
  • No lounge access
SBI Cashback Credit Card
  • No cashback on utilities, insurance, fuel, rent, wallets or EMIs
  • 5% stops after Rs 40,000 online spend a month
  • No airport lounge access
  • 3.5% forex fee

Card data sourced via CardAdvisor.in (HDFC MoneyBack+ Credit Card, SBI Cashback Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, HDFC MoneyBack+ Credit Card or SBI Cashback Credit Card?

HDFC MoneyBack+ Credit Card. HDFC MoneyBack+ Credit Card: ₹500; SBI Cashback Credit Card: ₹999. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

HDFC MoneyBack+ Credit Card has the lowest forex markup. HDFC MoneyBack+ Credit Card: 3.5%; SBI Cashback Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.

Which earns more on everyday spending?

On spends outside any bonus category: SBI Cashback Credit Card 1%, HDFC MoneyBack+ Credit Card 0.2%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

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