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Cashback SBI Credit Card vs Axis Bank ACE Credit Card vs HDFC Bank Millennia Credit Card

A detailed, side-by-side look at 3 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

Cashback SBI Credit Card
Cashback SBI Credit Card
Axis Bank ACE Credit Card
Axis Bank ACE Credit Card
HDFC Bank Millennia Credit Card
HDFC Bank Millennia Credit Card

Fees & Charges

Joining Fee
₹999 + GST
₹499 + GST
₹1,000 + GST
Renewal Fee
₹999 + GST
₹499 + GST
₹1,000 + GST
Spend Based Waiver
Renewal Fee reversed on annual spends of Rs. 2,00,000 or more in the previous year.
Annual fee waived on Rs. 2 Lakh spend/year. Joining fee reversed on Rs. 10,000 spend in 45 days.
Renewal fee waived on spending ₹1,00,000 or more in the preceding 12 months.
Foreign Transaction Fees
3.5% of the international transaction value.
3.5% of the transaction amount.
3.5% + GST on international spends.
Interest Rate (APR)
3.75% per month (45% per annum) on outstanding balance.
3.75% per month (55.55% annualized) on outstanding amount.
3.75% per month (45% annually).

Rewards & Benefits

Welcome Bonus
Not Applicable
Joining fee reversal on Rs. 10,000 spend within 45 days of card setup.
Receive 1,000 bonus CashPoints upon successful realization of the joining fee.
Rewards Rate
5% cashback on online spends & 1% on offline spends, max Rs. 5,000 per cycle.
Up to 5% cashback on utilities via GPay, 4% on Swiggy/Zomato/Ola, and 1.5% on other spends.
Earn 5% cashback on select online merchants & 1% on other eligible online/offline spends.
Reward Type
Cashback
Cashback
Cashback
Reward Redemption Fee
₹99 per redemption transaction.
Nil
₹50 + GST for cash redemption, ₹99 + GST for other requests (effective Aug 2024).

Travel & Lifestyle

Domestic Lounge Access
Complimentary lounge access has been discontinued on this card.
4 complimentary lounge visits per calendar year at select domestic airports.
Complimentary airport lounge access voucher upon achieving quarterly spend milestones.
International Lounge Access
Complimentary lounge access has been discontinued on this card.
Not Applicable
Not Applicable
Travel Benefits
Not Applicable
4 complimentary domestic lounge visits annually & 4% cashback on Ola rides.
Redeem CashPoints for up to 50% of flight & hotel bookings via SmartBuy Rewards Portal.
Movie Benefits
Not Applicable
Not Applicable
5% cashback on BookMyShow and Sony LIV, capped at 1,000 CashPoints per cycle.
Dining Benefits
Not Applicable
Up to 15% off at 4000+ partner restaurants & 4% cashback on Swiggy/Zomato.
10% additional discount on Swiggy Dineout, flat ₹200 off (min ₹2000), twice monthly.
Golf Benefits
Not Applicable
Not Applicable
Not Applicable
Fuel Surcharge Waiver
1% waiver on fuel (Rs. 500-3000), max Rs. 100 per statement cycle.
1% waiver on fuel purchases (Rs. 400-4000), max Rs. 500/statement cycle.
1% waiver for transactions ₹400-₹5,000, max ₹250 per statement cycle.

Security & Other

Insurance Benefits
Not Applicable
Not Applicable
Zero liability on fraudulent transactions if lost card is reported immediately.
Cash Advance Charges
2.5% of amount withdrawn or min Rs. 500, whichever is higher.
2.5% of withdrawn amount, minimum Rs. 500.
2.5% of transaction amount, minimum fee of ₹500.

Cashback SBI Credit Card

Axis Bank ACE Credit Card

HDFC Bank Millennia Credit Card

Who is it for?

Who is it for?

Who is it for?

Pros

Key benefits and features.

Benefit from a straightforward 5% cashback on online spends and 1% on offline transactions.

Enjoy a generous monthly cashback cap of Rs. 5,000, offering substantial savings potential.

Excellent choice for online shoppers due to high cashback rates and no merchant restrictions.

Pros

Key benefits and features.

Excellent entry-level card for digital spends, offering high cashback rates.

High cashback rates on essential utility bills, food delivery, and ride-hailing services.

Provides 4 complimentary domestic airport lounge visits, a rare perk in this fee range.

Modest annual fee is easily waived, offering unlimited 1.5% cashback on general spending.

Pros

Key benefits and features.

High 5% cashback on popular partner merchants including Myntra, Amazon.

Renewal fee waiver on spending ₹1 Lakh in the card anniversary year.

Provides substantial savings for digital-savvy consumers on daily spends.

Cons

Key drawbacks and limitations.

Cashback is not applicable on several common spending categories including utilities and fuel.

The Rs. 2 Lakh annual spend for fee waiver can be difficult for some, given many excluded categories.

The card no longer offers complimentary lounge access, a popular benefit for many users.

Lack of instant discounts during major online sales may be a drawback for certain shoppers.

Cons

Key drawbacks and limitations.

Accelerated cashback categories are subject to a monthly capping limit.

No cashback earned on fuel, wallet reloads, EMI conversions, and some other transactions.

High 5% cashback is restricted to Google Pay Android app; not available on iOS.

A relatively high foreign currency markup of 3.5% applies to international transactions.

Cons

Key drawbacks and limitations.

Earns a lower 1% cashback on offline/online spends at non-partner merchants.

Accelerated 5% cashback is capped at 1,000 CashPoints per statement cycle.

A minimum of 500 CashPoints are required to redeem against statement balance.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.