HDFC MoneyBack+ vs ICICI MMT Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
HDFC MoneyBack+ wins 6-3. Entry-level cashback with very low waiver bar. ICICI MMT Signature is still the right call if makemytrip loyalists, co-branded with strong travel benefits..
Side-by-side
| Criterion | HDFC MoneyBack+ | ICICI MMT Signature |
|---|---|---|
| Annual fee | ₹500 | · ₹2,500 |
| Joining fee | ₹500 | · ₹2,500 |
| Top reward rate | · 5% (shopping) | 6% (travel) |
| Base reward rate | 2% | · 1.5% |
| Forex markup | · 3.5% | 2.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = ₹2,500 MMT Black holidays voucher |
| Fee waiver threshold | ₹50,000 / yr | · ₹600,000 / yr |
| Min income | ₹240,000 | · ₹800,000 |
| Min credit score | 720 | · 770 |
| Editorial rating | · 4.1/5 | 4.4/5 |
Benefits compared
HDFC MoneyBack+
- 5% on Amazon, Flipkart, Big Basket, Reliance Smart Bazaar (capped ₹1K/month)
- 2% on EMI transactions
- 1 fuel surcharge waiver
- Quarterly milestone vouchers
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
FAQ
›HDFC MoneyBack+ vs ICICI MMT Signature: which is better?
HDFC MoneyBack+ wins on more dimensions (6 vs 3). But the right answer depends on your specific spending pattern. Run your own monthly spend through the maximizer to see which one pays you more.
›Can I get both?
Yes, if your credit profile supports it, holding both is the optimal play. Use HDFC MoneyBack+ for its best categories, ICICI MMT Signature for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC MoneyBack+: 500 CashPoints on first transaction. ICICI MMT Signature: ₹2,500 MMT Black holidays voucher.