SBI Cashback vs Axis MyZone
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
Axis MyZone wins 5-2. Entry-tier with strong entertainment partnerships. SBI Cashback is still the right call if pure online cashback, 5% on any online merchant, no partner restrictions..
Side-by-side
| Criterion | SBI Cashback | Axis MyZone |
|---|---|---|
| Annual fee | · ₹999 | ₹500 |
| Joining fee | · ₹999 | ₹500 |
| Top reward rate | 5% (shopping) | · 1% (general) |
| Base reward rate | = 1% | = 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = No welcome bonus, value lives in the cashback rate | = ₹500 SonyLIV / Eros Now subscription |
| Fee waiver threshold | · ₹200,000 / yr | ₹100,000 / yr |
| Min income | · ₹360,000 | ₹240,000 |
| Min credit score | · 750 | 720 |
| Editorial rating | 4.6/5 | · 4/5 |
Benefits compared
SBI Cashback
- 5% cashback on ALL online spends (not just listed merchants), capped ₹4,000 per statement cycle (₹2,000 online + ₹2,000 offline sub-caps, effective 1 Apr 2026)
- 1% cashback on offline spends
- Auto-credited within 2 days of statement
- 1% fuel surcharge waiver
Axis MyZone
- Buy-1-get-1 movie tickets on District, spend-gated from 1 Nov 2026 (₹25,000 settled spend in the previous 3 months)
- 40% off on Swiggy (capped ₹120)
- Sony LIV / Eros Now annual subscription
- 4 reward points per ₹200
- 1% fuel surcharge waiver
FAQ
›SBI Cashback vs Axis MyZone: which is better?
Axis MyZone wins on more dimensions (5 vs 2). 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 SBI Cashback for online shopping, Axis MyZone for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
SBI Cashback: No welcome bonus, value lives in the cashback rate. Axis MyZone: ₹500 SonyLIV / Eros Now subscription.