HDFC MoneyBack+ vs SBI ELITE
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
HDFC MoneyBack+ wins 6-1. Entry-level cashback with very low waiver bar. SBI ELITE is still the right call if mid-premium sbi card with strong club benefits..
Side-by-side
| Criterion | HDFC MoneyBack+ | SBI ELITE |
|---|---|---|
| Annual fee | ₹500 | · ₹4,999 |
| Joining fee | ₹500 | · ₹4,999 |
| Top reward rate | 5% (shopping) | · 2% (general) |
| Base reward rate | = 2% | = 2% |
| Forex markup | = 3.5% | = N/A |
| Welcome bonus | = 500 CashPoints on first transaction | = 5,000 bonus reward points + ₹5,000 e-gift voucher |
| Fee waiver threshold | ₹50,000 / yr | · ₹1,000,000 / yr |
| Min income | ₹240,000 | · ₹600,000 |
| 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
SBI ELITE
- 2 reward points per ₹100
- Free movie tickets (BookMyShow) up to ₹6K/year
- 6 international + 8 domestic lounge visits/year
- Trident Privilege Red membership
- Milestone benefits at ₹3L, ₹4L, ₹5L
FAQ
›HDFC MoneyBack+ vs SBI ELITE: which is better?
HDFC MoneyBack+ wins on more dimensions (6 vs 1). 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, SBI ELITE 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. SBI ELITE: 5,000 bonus reward points + ₹5,000 e-gift voucher.