HDFC Bank MoneyBack+ vs HDFC Bank Millennia
HDFC Bank Millennia by ₹10,400 a year at ₹75,000 a month
HDFC Bank MoneyBack+ vs SimplySAVE SBI Card
HDFC Bank
SBI Card
SimplySAVE SBI Card vs HDFC Bank MoneyBack+: which should you pick?
The two ₹500 first cards from HDFC and SBI. MoneyBack+ pays 10X CashPoints, up to 2.5%, at Amazon, BigBasket, Flipkart, Reliance Smart SuperStore and Swiggy, capped at 2,500 CashPoints a calendar month, and 0.25% on everything else; SimplySAVE pays 10X on dining, movies, departmental stores and grocery, 1.67% at four points to the rupee, and 0.17% on everything else, with fuel earning nothing. MoneyBack+ out-earns SimplySAVE at every spend level the page tests. ₹500 waived at ₹50,000 of spend against ₹499 waived at ₹1,00,000, and neither opens a lounge.
At every spend from ₹25,000 to ₹5 lakh a month, HDFC Bank MoneyBack+ beats SimplySAVE SBI Card, and its lead widens from ₹200 to ₹4,700 a year as spend climbs. At ₹75,000 a month the gap is mostly what each card earns on your spend: HDFC Bank MoneyBack+ returns ₹2,100 a year in rewards to SimplySAVE SBI Card's ₹1,400. On the rows below, SimplySAVE SBI Card has no clear edge over HDFC Bank MoneyBack+.
HDFC Bank MoneyBack+ pays one annual spend milestone, at ₹2,00,000 a year, and SimplySAVE SBI Card pays none.
Side by side
| Fact | HDFC Bank MoneyBack+ | SimplySAVE SBI Card |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹500/yr | ₹499/yr✓ Better |
| Fee waiver | Spend ₹50,000 a year | Spend ₹1,00,000 a year |
| Reward rate on everyday spend | 0.3%✓ Better | 0.2% |
| Points | HDFC Bank CashPoints | SBI Reward Points |
| Our value per point | ₹1.00 † | ₹0.25 † |
| Transfer partners | None | None |
| Lounges it gets you into | 0 of 792 | 0 of 792 |
| Forex markup | Not printed in this card's own fees schedule; HDFC's bank-wide MITC carries the foreign-currency column for the whole book | 3.5% + GST |
| Welcome benefit | 500 CashPoints (₹125) when the joining membership fee is paid — and another 500 on every renewal fee | 2,000 bonus Reward Points worth ₹500 for spending ₹2,000 within 60 days of getting the card |
✓ Better marks the side that wins a row; rows that compare unlike things are not scored. HDFC Bank MoneyBack+ is ahead on 7 of the 9 rows we can call.
More facts 8 rows
| Fact | HDFC Bank MoneyBack+ | SimplySAVE SBI Card |
|---|---|---|
| Our rank | #202 | #201✓ Better |
| Our verdict | Keep | Keep |
| Lounge visits in India | None — not among the variants the MITC's "Lounge Access" section names | None — the card is on neither Set A nor Set B of SBI's eligible-card lists |
| Lounge visits abroad | None — the MITC names other variants in its international lounge clause | None published |
| Forex, in the bank’s words | Not printed in this card's own fees schedule; HDFC's bank-wide MITC carries the foreign-currency column for the whole book | 3.5% + GST — SimplySAVE is in none of SBI's concession tiers (AURUM, Elite, Prime NRI Secured, Tata Neu Infinity and the MILES range); dynamic currency conversion is also 3.5% on transactions of ₹1,000 or more |
| Interest (APR) | Not published for this card in its own schedule | up to 3.75%/mo (45%/yr) |
| Income needed (salaried) | ₹20,000+/month net, Indian national aged 21–60 | not published |
| Income needed (self-employed) | ITR above ₹6 lakh a year, Indian national aged 21–65 | not published |
† HDFC Bank MoneyBack+: HDFC prices a MoneyBack+ CashPoint at "upto ₹0.25" and there is no avenue where it is worth more: ₹0.25 against SmartBuy flights and hotels and up to ₹0.25 in the product catalogue. The statement-credit tier is WORSE than both, and by the bank's own schedule rather than its marketing page — clause (x) of HDFC's August 2026 Key Fact Statement sets cashback against the statement balance at 20 paise a point for Money Back Plus with effect from 1 November 2025. Our 0.25% prices the catalogue, the best avenue HDFC publishes; cash out instead and you are taking a further fifth off. Statement credit also costs a ₹50 redemption fee since 1 Aug 2024, needs a minimum balance of 2,000 CashPoints, and a catalogue redemption costs ₹99 + taxes. Points lapse two years after they accrue, and SmartBuy travel redemption pays at most 50% of a booking.
† SimplySAVE SBI Card: SBI Reward Points are four to the rupee against the rewards catalogue — ₹0.25 a point, floor and ceiling. They reach no airline, no hotel and no transfer partner, and they expire 24 months from the date they accrue. On this card they can also be used to pay down the card's own outstanding, which is the same ₹0.25 by another route.
Our value per point is what we think a point is worth when you use it well; every currency's figure and its reasoning is on points values.
What each is worth to you
| Monthly spend | HDFC Bank MoneyBack+ | SimplySAVE SBI Card |
|---|---|---|
| At ₹30,000 a month | ₹800✓ Better | ₹600 |
| At ₹75,000 a month | ₹2,100✓ Better | ₹1,400 |
| At ₹1.5 lakh a month | ₹4,200✓ Better | ₹2,800 |
| At ₹3 lakh a month | ₹8,500✓ Better | ₹5,700 |
| At ₹5 lakh a month | ₹14,100✓ Better | ₹9,400 |
| Pays for itself from | ₹5,000 a month, by waiving its fee✓ Better | ₹9,000 a month, by waiving its fee |
On an everyday mix of spending (groceries, bills, travel, fuel and the rest), using each card's own rules for each kind of spend. The same figures as each card's own page.
Every spend from ₹25,000 to ₹5 lakh 20 steps
| Monthly spend | HDFC Bank MoneyBack+ | SimplySAVE SBI Card | Ahead |
|---|---|---|---|
| ₹25,000 | ₹700✓ Better | ₹500 | HDFC Bank MoneyBack+ by ₹200 |
| ₹50,000 | ₹1,400✓ Better | ₹900 | HDFC Bank MoneyBack+ by ₹500 |
| ₹75,000 | ₹2,100✓ Better | ₹1,400 | HDFC Bank MoneyBack+ by ₹700 |
| ₹1 lakh | ₹2,800✓ Better | ₹1,900 | HDFC Bank MoneyBack+ by ₹900 |
| ₹1.25 lakh | ₹3,500✓ Better | ₹2,400 | HDFC Bank MoneyBack+ by ₹1,100 |
| ₹1.5 lakh | ₹4,200✓ Better | ₹2,800 | HDFC Bank MoneyBack+ by ₹1,400 |
| ₹1.75 lakh | ₹4,900✓ Better | ₹3,300 | HDFC Bank MoneyBack+ by ₹1,600 |
| ₹2 lakh | ₹5,600✓ Better | ₹3,800 | HDFC Bank MoneyBack+ by ₹1,800 |
| ₹2.25 lakh | ₹6,300✓ Better | ₹4,300 | HDFC Bank MoneyBack+ by ₹2,000 |
| ₹2.5 lakh | ₹7,100✓ Better | ₹4,700 | HDFC Bank MoneyBack+ by ₹2,400 |
| ₹2.75 lakh | ₹7,800✓ Better | ₹5,200 | HDFC Bank MoneyBack+ by ₹2,600 |
| ₹3 lakh | ₹8,500✓ Better | ₹5,700 | HDFC Bank MoneyBack+ by ₹2,800 |
| ₹3.25 lakh | ₹9,200✓ Better | ₹6,100 | HDFC Bank MoneyBack+ by ₹3,100 |
| ₹3.5 lakh | ₹9,900✓ Better | ₹6,600 | HDFC Bank MoneyBack+ by ₹3,300 |
| ₹3.75 lakh | ₹10,600✓ Better | ₹7,100 | HDFC Bank MoneyBack+ by ₹3,500 |
| ₹4 lakh | ₹11,300✓ Better | ₹7,600 | HDFC Bank MoneyBack+ by ₹3,700 |
| ₹4.25 lakh | ₹12,000✓ Better | ₹8,000 | HDFC Bank MoneyBack+ by ₹4,000 |
| ₹4.5 lakh | ₹12,700✓ Better | ₹8,500 | HDFC Bank MoneyBack+ by ₹4,200 |
| ₹4.75 lakh | ₹13,400✓ Better | ₹9,000 | HDFC Bank MoneyBack+ by ₹4,400 |
| ₹5 lakh | ₹14,100✓ Better | ₹9,400 | HDFC Bank MoneyBack+ by ₹4,700 |
How we work out the yearly value
We put each card through the same everyday mix of spending, apply that card's own rules for each kind of spend (some earn nothing on fuel or bills), add its milestone and renewal bonuses at our value per point, and take off the fee unless that spend waives it. Bonus categories that need you to shop a certain way are not counted. Your own mix will differ: try your numbers in the calculator, or read how we value cards.
Before you choose
Transfer partners 0 and 0
HDFC Bank MoneyBack+'s HDFC Bank CashPoints cannot be moved to any airline or hotel; SimplySAVE SBI Card's SBI Reward Points cannot be moved to any.
Every partner and ratio is on each card's page; the best value for your points is on the transfer optimizer.
Watch out 6 points
HDFC Bank MoneyBack+
- The 10X caps at 2,500 CashPoints a calendar month — about ₹25,000 of accelerated spend — and the card-wide ceiling is 15,000 points a statement cycle
- 0.25% on everything outside the five merchants: 2 CashPoints per ₹200, at 25 paise a point
- A CashPoint is "upto ₹0.25" on every avenue HDFC publishes — statement credit, SmartBuy travel and the catalogue alike
SimplySAVE SBI Card
- The 10X caps at 5,000 Reward Points a calendar month — roughly ₹75,000 of accelerated spend, then it reverts to 1 RP per ₹150
- 0.17% on everything outside the four promoted categories: one Reward Point per ₹150, at 25 paise a point
- No lounge access of any kind, domestic or international, and 3.5% forex
Common questions 5 answered
Which is better, HDFC Bank MoneyBack+ or SimplySAVE SBI Card?
At every spend from ₹25,000 to ₹5 lakh a month, HDFC Bank MoneyBack+ beats SimplySAVE SBI Card, and its lead widens from ₹200 to ₹4,700 a year as spend climbs. At ₹75,000 a month the gap is mostly what each card earns on your spend: HDFC Bank MoneyBack+ returns ₹2,100 a year in rewards to SimplySAVE SBI Card's ₹1,400. On the rows below, SimplySAVE SBI Card has no clear edge over HDFC Bank MoneyBack+.
HDFC Bank MoneyBack+ or SimplySAVE SBI Card: which is worth more at ₹3 lakh a month?
HDFC Bank MoneyBack+ beats SimplySAVE SBI Card by ₹2,800 a year at ₹3 lakh a month. Both figures are a year's rewards and bonuses on an everyday spending mix, after the fee.
Which costs less to get, HDFC Bank MoneyBack+ or SimplySAVE SBI Card?
SimplySAVE SBI Card: ₹499/yr against ₹500/yr. HDFC Bank MoneyBack+ waives its fee if you spend ₹50,000 a year; SimplySAVE SBI Card waives its fee if you spend ₹1,00,000 a year.
Which gets you into more airport lounges, HDFC Bank MoneyBack+ or SimplySAVE SBI Card?
Both get you into 0 of the 792 lounges we track.
How current is this comparison?
HDFC Bank MoneyBack+ was last checked against its bank's own documents on 24 Oct 2026, SimplySAVE SBI Card on 3 Oct 2026. Every figure here is worked out again from those records each time the site is built, so a change to either card shows up the day we log it.
Sources
HDFC Bank MoneyBack+ was last checked against its bank's own documents on 24 Oct 2026, SimplySAVE SBI Card on 3 Oct 2026. Every fact above comes from these 15 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 15 sources
- Official The card's own Terms & Conditions, published 15 May 2026 — the 10X table with its 2,500-point monthly cap, the ₹0.25 CashPoint, the exclusion list and the quarterly voucher terms read
- Official Product page — "10X CashPoints (Upto 2.5% Valueback)" at the five merchants, 2 CashPoints per ₹200 elsewhere, the ₹500 quarterly voucher and the income criteria read
- Official The card's own fees schedule — ₹500 in HDFC's single combined joining/annual column, waived on ₹50,000 of annual spend read
- Official HDFC Bank Key Fact Statement cum MITC — the programme document this card's lounge entitlement is read against read
- Official The card's own Terms & Conditions — the Visa/Mastercard/RuPay network line, the 5,000-point monthly cap on the 10X, the four promoted MCCs, the fuel exclusion and the 24-month point expiry read
- Official Product page — 10X on dining, movies, departmental stores and grocery, 1 RP per ₹150 elsewhere, 4 Reward Points = ₹1, and the ₹499 fee reversed at ₹1 lakh of annual spend read
- Official KVB SimplySAVE SBI Card — one of seven partner-bank editions carrying an identical fee, waiver, earn rate and monthly cap read
- Official SBI's MITC — SimplySAVE SBI Card ₹499 annual and ₹499 renewal, waived on ₹1 lakh of spend in the preceding year, and the separate fee row for the UPI edition read
- Official Key Fact Statement — SimplySAVE ₹499 joining and ₹499 renewal, and the separate fee row for the Advantage edition read
- Official Allahabad Bank SimplySAVE SBI Card product page (archived 19-Aug-2019) — ₹499 joining and renewal, the same 10X tap and ₹1 lakh fee reversal as this card read
- Official Oriental Bank of Commerce SBI Card — ₹499, the 10X departmental-and-grocery tap and the ₹75,000 fee reversal this card carried in 2016 read
- Official Lakshmi Vilas Bank SBI SimplySAVE Credit Card (archived 15-Apr-2016) — ₹499 and the same 2.5% departmental-store and grocery value back read
- Official BMB Gold & More Credit Card (archived 15-Apr-2016) — ₹499 joining and annual, ₹75,000 reversal and this card's earn, under a name SBI had retired read
- Official SBI Bank of Maharashtra Card on SBI's pre-migration host (archived 05-Aug-2012) — ₹499 joining and annual, the ₹75,000 reversal and this card's 2.5% departmental-store and grocery value back read
- Official SBI Card's Airport Lounge Access page (the Set A and Set B card lists) — the programme document this card's lounge entitlement is read against read