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SBI Cashback Credit Card vs Axis Bank ACE Credit Card vs Amazon Pay ICICI Credit Card vs HDFC Millennia Credit Card

If you are looking for a credit card that offers you cashback on your spending, you might be interested in comparing some of the popular options available in the market. In this blog post, we will compare SBI Cashback Credit Card vs Axis Bank ACE Credit Card vs Amazon Pay ICICI Credit Card vs HDFC Millennia Credit Card basis some key parameters such as cashback rate, annual fee, welcome benefits and other features. Let's get started!


Cashback Rate


One of the most important factors to consider when choosing a cashback credit card is the rate of cashback that you can earn on your transactions. Different cards have different cashback rates and categories, so you need to check which one suits your spending pattern the best.


- SBI Cashback Credit Card: This card offers you 5% cashback on grocery, departmental store and movie spends, 1% cashback on all other spends and 0.25% cashback on fuel spends. The cashback is credited as reward points which can be redeemed for statement credit or vouchers. The maximum cashback you can earn in a month is Rs. 100.

- Axis Bank ACE Credit Card: This card offers you 5% cashback on bill payments and recharges via Google Pay, 4% cashback on Swiggy, Zomato and Ola, 2% cashback on all other spends and 1% cashback on fuel spends. The cashback is credited directly to your card account every month. There is no maximum limit on the cashback you can earn.

- Amazon Pay ICICI Credit Card: This card offers you 5% cashback on Amazon.in purchases for Prime members and 3% for non-Prime members, 2% cashback on Amazon Pay partner merchants such as Swiggy, BookMyShow and Redbus, and 1% cashback on all other spends. The cashback is credited as Amazon Pay balance which can be used for shopping, bill payments and recharges on Amazon.in and partner merchants. There is no maximum limit on the cashback you can earn.

- HDFC Millennia Credit Card: This card offers you 5% cashback on Amazon.in, Flipkart, flight and hotel bookings via PayZapp and SmartBuy, 2.5% cashback on online spends and 1% cashback on offline spends. The cashback is credited as reward points which can be redeemed for statement credit or vouchers. The minimum transaction amount to earn cashback is Rs. 2000 and the maximum cashback you can earn in a month is Rs. 750.


Annual Fee


Another factor to consider when choosing a cashback credit card is the annual fee that you have to pay to use the card. Some cards may have a high annual fee but also offer high cashback rates or other benefits that may offset the cost. Some cards may have a low or zero annual fee but also offer lower cashback rates or fewer benefits.


- SBI Cashback Credit Card: This card has an annual fee of Rs. 499 which is waived off if you spend Rs. 1 lakh or more in a year.

- Axis Bank ACE Credit Card: This card has an annual fee of Rs. 499 which is waived off if you spend Rs. 2 lakh or more in a year.

- Amazon Pay ICICI Credit Card: This card has no annual fee or joining fee.

- HDFC Millennia Credit Card: This card has an annual fee of Rs. 1000 which is waived off if you spend Rs. 1 lakh or more in a year.


Welcome Benefits


Some credit cards may also offer you some welcome benefits when you apply for them and make your first transaction. These benefits may include vouchers, discounts, cashbacks or reward points that can enhance your savings.


- SBI Cashback Credit Card: This card offers you a welcome benefit of Rs. 500 worth of reward points which can be redeemed for statement credit or vouchers.

- Axis Bank ACE Credit Card: This card offers you a welcome benefit of Rs. 500 worth of Google Pay scratch cards which can give you up to Rs. 500 cashback each.

- Amazon Pay ICICI Credit Card: This card offers you a welcome benefit of Rs. 500 worth of Amazon Pay balance which can be used for shopping, bill payments and recharges on Amazon.in and partner merchants.

- HDFC Millennia Credit Card: This card offers you a welcome benefit of Rs. 1000 worth of reward points which can be redeemed for statement credit or vouchers.


Other Features


Apart from the above parameters, there may be some other features that differentiate these credit cards such as interest-free period, fuel surcharge waiver, lounge access, insurance cover etc.

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