Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
SBI Cashback Credit Card vs Swiggy HDFC Bank Credit Card for ₹100,000 Monthly Spend
Comparing SBI Cashback Credit Card vs Swiggy HDFC Bank Credit Card at ₹100,000/month. Swiggy HDFC Bank Credit Card wins, delivering ₹44,160 net annual value (3.68% ROI) vs ₹34,800 for SBI Cashback Credit Card.
Interactive Head-to-Head Simulator
Test Your Monthly Spend & Category Mix
Simulates real-world capping thresholds, 18% GST deductions, and bank waiver rules in real time.
₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹9,360/yr Higher Value
Swiggy HDFC Bank Credit Card
Delivers ₹44,160 net annual returns (3.68% ROI) vs ₹34,800 on SBI Cashback Credit Card.
Card A
SBI Cashback Credit Card
SBI Card
₹34,800Net Annual Benefit
Gross Rewards:₹34,800/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:2.9%
Fee Waiver Progress (2L target):100%
Card B
Swiggy HDFC Bank Credit Card
HDFC Bank
₹44,160Net Annual Benefit
Gross Rewards:₹44,160/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:3.68%
Fee Waiver Progress (2L target):100%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹3,000/year Extra YieldPair Swiggy HDFC Bank Credit Card + Airtel Axis Bank Credit Card
Pair Swiggy HDFC Bank Credit Card with Airtel Axis Bank Credit Card to capture up to ₹3,000/yr extra on zero-reward categories.
Routes excluded categories:Electricity, Water, Gas & Broadband Bills
Detailed 12-Category Rupee Breakdown (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | SBI Cashback Credit Card | Swiggy HDFC Bank Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹1,250 (5%) | ₹1,250 (5%) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹150 (1%) | ₹150 (1%) |
| Electricity, Water, Gas & Broadband BillsUtility bill payments completely excluded from cashback program | ₹12,000/mo | 0% Excluded | 0% Excluded |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹600 (5%) | ₹1,200 (10%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹500 (5%) | ₹1,000 (10%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver for transactions between ₹500 and ₹3,000, max waiver ₹100/billing cycle | ₹8,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹400 (5%) | ₹80 (1%) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent payments attract a processing fee of ₹199 + 18% GST; zero cashback earned | ₹5,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (1%) | ₹0 (1%) |
| 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 | ₹12,00,000/yr | +₹34,800 | +₹44,160 |
Frequently Asked Questions
Which card is better between SBI Cashback Credit Card and Swiggy HDFC Bank Credit Card for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), Swiggy HDFC Bank Credit Card mathematically outperforms SBI Cashback Credit Card by ₹9,360/year. Swiggy HDFC Bank Credit Card delivers ₹44,160 net annual benefit (3.68% effective yield), while SBI Cashback Credit Card returns ₹34,800 (2.9% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: SBI Cashback Credit Card annual fee is waived (₹0). Swiggy HDFC Bank 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 ₹0/year to monthly cashback caps, while Swiggy HDFC Bank Credit Card loses ₹0/year. SBI Cashback Credit Card remains uncapped at this spend. Swiggy HDFC Bank Credit Card remains uncapped at this spend.
What is the breakeven monthly spend between SBI Cashback Credit Card and Swiggy HDFC Bank Credit Card?▼
The calculated crossover breakeven spend is ₹180,000/month, where higher-fee benefits overtake the lower-fee option.