Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
SBI Cashback Credit Card vs HDFC Regalia Gold Credit Card for ₹200,000 Monthly Spend
Comparing SBI Cashback Credit Card vs HDFC Regalia Gold Credit Card at ₹200,000/month. HDFC Regalia Gold Credit Card wins, delivering ₹65,237 net annual value (2.72% ROI) vs ₹63,600 for SBI Cashback Credit Card.
Interactive Head-to-Head Simulator
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Simulates real-world capping thresholds, 18% GST deductions, and bank waiver rules in real time.
₹2,00,000(₹24,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹2,00,000/mo+ ₹1,637/yr Higher Value
HDFC Regalia Gold Credit Card
Delivers ₹65,237 net annual returns (2.72% ROI) vs ₹63,600 on SBI Cashback Credit Card.
Card A
SBI Cashback Credit Card
SBI Card
₹63,600Net Annual Benefit
Gross Rewards:₹63,600/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:2.65%
Fee Waiver Progress (2L target):100%
⚠️ Hits monthly cashback caps: -₹6,000/yr lost
Card B
HDFC Regalia Gold Credit Card
HDFC Bank
₹65,237Net Annual Benefit
Gross Rewards:₹65,237/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:2.72%
Fee Waiver Progress (4L target):100%
⚠️ Hits monthly cashback caps: -₹4,747/yr lost
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹713/year Extra YieldPair HDFC Regalia Gold Credit Card + Airtel Axis Bank Credit Card
Pair HDFC Regalia Gold Credit Card with Airtel Axis Bank Credit Card to capture up to ₹713/yr extra on zero-reward categories.
Routes excluded categories:Amazon, Flipkart & Myntra Shopping (Excess Spends)Flights, Hotels & IRCTC Trains (Excess Spends)
Detailed 12-Category Rupee Breakdown (@ ₹2,00,000/mo)
| Spend Category | Monthly Spend | SBI Cashback Credit Card | HDFC Regalia Gold Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹50,000/mo | ₹2,273 (Capped) | ₹3,030 (Capped) |
| Scan & Pay Merchant UPI | ₹30,000/mo | ₹300 (1%) | ₹399 (1.33%) |
| Electricity, Water, Gas & Broadband BillsUtility bill payments completely excluded from cashback program | ₹24,000/mo | 0% Excluded | ₹319 (1.33%) |
| Swiggy, Zomato & Dining Out | ₹24,000/mo | ₹1,091 (Capped) | ₹319 (1.33%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹20,000/mo | ₹909 (Capped) | ₹266 (1.33%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver for transactions between ₹500 and ₹3,000, max waiver ₹100/billing cycle | ₹16,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹16,000/mo | ₹727 (Capped) | ₹970 (Capped) |
| LIC, Health & Term Insurance Premiums | ₹10,000/mo | 0% Excluded | ₹133 (1.33%) |
| House Rent & School/College FeesRent payments attract a processing fee of ₹199 + 18% GST; zero cashback earned | ₹10,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (1%) | ₹0 (1.33%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan PaymentsGovernment, tax, and challan payments excluded from cashback | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹24,00,000/yr | +₹63,600 | +₹65,237 |
Frequently Asked Questions
Which card is better between SBI Cashback Credit Card and HDFC Regalia Gold Credit Card for ₹200,000/month?▼
At ₹200,000/month (₹2,400,000/year), HDFC Regalia Gold Credit Card mathematically outperforms SBI Cashback Credit Card by ₹1,637/year. HDFC Regalia Gold Credit Card delivers ₹65,237 net annual benefit (2.72% effective yield), while SBI Cashback Credit Card returns ₹63,600 (2.65% effective yield).
Will the annual fee be waived at ₹200,000 monthly spend?▼
On an annual spend of ₹2,400,000: SBI Cashback Credit Card annual fee is waived (₹0). HDFC Regalia Gold Credit Card annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, SBI Cashback Credit Card loses ₹6,000/year to monthly cashback caps, while HDFC Regalia Gold Credit Card loses ₹4,747/year. Capped categories on SBI Cashback Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains. Capped categories on HDFC Regalia Gold Credit Card: Amazon, Flipkart & Myntra Shopping, Flights, Hotels & IRCTC Trains.
What is the breakeven monthly spend between SBI Cashback Credit Card and HDFC Regalia Gold Credit Card?▼
The calculated crossover breakeven spend is ₹34,000/month, where higher-fee benefits overtake the lower-fee option.