IDFC FIRST Millennia Credit Card vs SBI Cashback Credit Card
How IDFC FIRST Millennia Credit Card and SBI Cashback Credit Card compare on fees, rewards and eligibility — verified as of June 2026.
By NexMaxo Editorial Team · Terms verified June 2026
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Quick take
IDFC FIRST Millennia Credit Card is lifetime-free, while SBI Cashback Credit Card carries a fee (₹999 + GST (waived on ₹2L annual spend)). If you won't reliably hit SBI Cashback Credit Card's waiver spend, IDFC FIRST Millennia Credit Card is the cheaper card to keep.
IDFC FIRST Millennia Credit Card — better for a no-fee everyday rewards card with points that never expire.
SBI Cashback Credit Card — better for online shoppers who want flat, auto-credited cashback across most sites.
Side by side
| IDFC FIRST Millennia Credit CardIDFC FIRST Bank | SBI Cashback Credit CardSBI Card | |
|---|---|---|
| Annual fee | Nil — lifetime-free | ₹999 + GST (waived on ₹2L annual spend) |
| Reward rate | 3X ≤₹20k/mo; 10X >₹20k/mo & birthday (1 pt = ₹0.25); never expire | 5% online (cap ₹2,000/cycle) + 1% offline (cap ₹2,000/cycle) |
| Lifetime-free | Yes | No |
| Network | Visa / RuPay | Visa / RuPay |
| Eligibility | Approx 21–65 yrs; ≈₹25,000+/mo (aggregator-sourced) | Approx 21–70 yrs; salaried/self-employed with stable income |
| Best for | A no-fee everyday rewards card with points that never expire. | Online shoppers who want flat, auto-credited cashback across most sites. |
IDFC FIRST Millennia Credit Card
- Lifetime-free — ₹0 joining and ₹0 annual fee, no spend conditions
- 3X points up to ₹20k/mo spend, 10X above ₹20k/mo and on birthdays (1 pt = ₹0.25)
- Reward points never expire
SBI Cashback Credit Card
- 5% cashback on online spends (cap ₹2,000/cycle, revised Apr 2026)
- 1% on offline spends (cap ₹2,000/cycle); auto-credited to statement
- Excludes fuel, rent, utilities, wallet loads, insurance, EMI & more
IDFC FIRST Millennia Credit Card vs SBI Cashback Credit Card — FAQs
Neither is universally better. IDFC FIRST Millennia Credit Card suits a no-fee everyday rewards card with points that never expire. SBI Cashback Credit Card suits online shoppers who want flat, auto-credited cashback across most sites. Compare the annual fee and reward rate above against your own spending — that's what decides it.
IDFC FIRST Millennia Credit Card is lifetime-free, while SBI Cashback Credit Card carries a fee (₹999 + GST (waived on ₹2L annual spend)). If you won't reliably hit SBI Cashback Credit Card's waiver spend, IDFC FIRST Millennia Credit Card is the cheaper card to keep. On rewards, IDFC FIRST Millennia Credit Card gives up to 10x reward points, points that never expire — and no annual fee, ever. whereas SBI Cashback Credit Card gives 5% cashback on almost all online spends (no merchant tie-in), auto-credited.
IDFC FIRST Millennia Credit Card is lifetime-free (no fee, ever), while SBI Cashback Credit Card charges ₹999 + GST (waived on ₹2L annual spend) (waivable on spend).
This is an informational comparison, not financial advice. Card terms change often — confirm current fees, rewards and eligibility on each issuer's official page before applying. Pay your bill in full to avoid interest.