HDFC MoneyBack+ vs SBI Prime
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 Prime is still the right call if step up from simplyclick with lounge access..
Side-by-side
| Criterion | HDFC MoneyBack+ | SBI Prime |
|---|---|---|
| Annual fee | ₹500 | · ₹2,999 |
| Joining fee | ₹500 | · ₹2,999 |
| Top reward rate | = 5% (shopping) | = 5% (shopping) |
| Base reward rate | 2% | · 1.25% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = ₹3,000 e-gift voucher (Aditya Birla / Bata / Pantaloons / Yatra) |
| Fee waiver threshold | ₹50,000 / yr | · ₹300,000 / yr |
| Min income | ₹240,000 | · ₹480,000 |
| Min credit score | 720 | · 750 |
| Editorial rating | · 4.1/5 | 4.2/5 |
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 Prime
- 10x reward points on dining + grocery + departmental + movies
- 5x on utility bill payments
- 8 domestic + 4 international lounge visits/year
- Trident Privilege Red membership
FAQ
›HDFC MoneyBack+ vs SBI Prime: 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 Prime 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 Prime: ₹3,000 e-gift voucher (Aditya Birla / Bata / Pantaloons / Yatra).