SBI Cashback vs HDFC Swiggy BLCK
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI Cashback wins 5-1. Pure online cashback, 5% on any online merchant, no partner restrictions. HDFC Swiggy BLCK is still the right call if regular swiggy orderers: 10% back on food, instamart and dineout..
Side-by-side
| Criterion | SBI Cashback | HDFC Swiggy BLCK |
|---|---|---|
| Annual fee | ₹999 | · ₹1,000 |
| Joining fee | ₹999 | · ₹1,000 |
| Top reward rate | · 5% (shopping) | 10% (dining) |
| Base reward rate | = 1% | = 1% |
| Forex markup | = 3.5% | = N/A |
| Welcome bonus | = No welcome bonus, value lives in the cashback rate | = 3-month Swiggy BLCK membership |
| Fee waiver threshold | = ₹2,00,000 / yr | = ₹2,00,000 / yr |
| Min income | ₹3,60,000 | · ₹12,00,000 |
| Min credit score | 750 | · N/A |
| Editorial rating | 4.6/5 | · 4.4/5 |
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
HDFC Swiggy BLCK
- 10% cashback on Swiggy food, Instamart and Dineout, on orders of ₹249 or more (up to ₹1,500 a cycle)
- 5% cashback on select online merchants and categories, including Cleartrip and Nykaa (up to ₹1,500 a cycle)
- 1% cashback on other spends (up to ₹1,000 a cycle), excluding fuel, rent, jewellery, government, gaming, education, EMI and wallet loads
- Cashback credited to your card statement each cycle
- Joining fee waived on ₹75,000 spend in the first 90 days; renewal waived on ₹2,00,000 a year
FAQ
›SBI Cashback vs HDFC Swiggy BLCK: which is better?
SBI Cashback wins on more dimensions (5 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 SBI Cashback for online shopping, HDFC Swiggy BLCK 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. HDFC Swiggy BLCK: 3-month Swiggy BLCK membership.