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Tata Neu Infinity HDFC Bank vs SBI Cashback

SBI Cashback has the lower annual fee (₹999 against ₹1,499). Tata Neu Infinity HDFC Bank waives its fee on ₹3,00,000 of spend a year; SBI Cashback waives its fee on ₹2,00,000 of spend a year. For spends abroad, Tata Neu Infinity HDFC Bank charges the lower forex markup (2% plus GST). On all three sample spends below, SBI Cashback comes out ahead after fees. The Saifu app works it out on your own spends, on your phone.

FeatureTata Neu Infinity HDFC BankHDFC2 winsSBI CashbackSBI Card3 wins · ahead
Annual fee₹1,499Lower₹999
Joining fee₹1,499Lower₹999
Fee waiverWaived on ₹3,00,000 spend a yearLowerWaived on ₹2,00,000 spend a year
Rewards5% NeuCoins on Tata Neu and partner Tata brand spends; 1.5% NeuCoins on other non-UPI spends5% cashback on online spends, 1% on offline spends
Airport loungesMore2 a quarter domestic, 4 a year internationalNone listed
Forex markupLower2% plus GST3.5% plus GST
PointsNeuCoins, about ₹1 a pointCashback or not listed
Published minimum income and ageSalaried ₹12,00,000 a year, self-employed ₹12,00,000 a year, age 21 to 60Not published
NetworkVisa / RuPayVisa
ApplyBank pageBank page

Badges mark the lower fee, waiver spend or markup, and more lounge visits. Rewards are not scored here because they depend on where you spend. Affiliate link, costs you nothing extra, we may earn a commission, never changes how cards are ranked. Figures come from each bank's page and can change; check before you apply.

What each card earns in a year

Sample spenderTata Neu Infinity HDFC BankSBI Cashback
Everyday spender₹30,000 a month₹5,700 a year₹5,700 rewards, no fee to payMore₹8,100 a year₹8,100 rewards, no fee to pay
Online shopper₹50,000 a month₹9,000 a year₹9,000 rewards, no fee to payMore₹22,800 a year₹22,800 rewards, no fee to pay
Frequent traveller₹1,00,000 a month₹17,100 a year₹17,100 rewards, no fee to payMore₹36,840 a year₹36,840 rewards, no fee to pay
The sample spends and how this is worked out
  • Everyday spender, ₹30,000 a month: DMart ₹6,000, BigBasket ₹2,000, Swiggy ₹2,000, Zomato ₹1,500, Amazon ₹3,000, Flipkart ₹1,500, Bills paid on Google Pay ₹2,500, Airtel ₹1,000, Indian Oil ₹3,000, Restaurant (in person) ₹2,500, Uber ₹1,000, Other spends in shops ₹4,000.
  • Online shopper, ₹50,000 a month: Amazon ₹10,000, Flipkart ₹8,000, Myntra ₹3,000, Swiggy ₹4,000, Zomato ₹3,000, Blinkit ₹4,000, BookMyShow ₹1,500, Uber ₹2,000, Bills paid on Google Pay ₹3,000, Jio ₹1,000, Netflix ₹500, Restaurant (in person) ₹3,000, Other spends in shops ₹7,000.
  • Frequent traveller, ₹1,00,000 a month: MakeMyTrip ₹10,000, Cleartrip ₹5,000, IRCTC ₹2,000, IndiGo ₹10,000, Marriott Bonvoy hotels ₹8,000, Spends abroad ₹15,000, Uber ₹4,000, Restaurant (in person) ₹8,000, Amazon ₹10,000, Swiggy ₹5,000, DMart ₹8,000, Bills paid on Google Pay ₹4,000, Indian Oil ₹5,000, Other spends in shops ₹6,000.

Worked out with the same reward rules and caps the Saifu app uses. Points are counted at the cash value in the table above. The annual fee counts as waived when the spend reaches the waiver. Joining fees, welcome gifts and milestone vouchers are not counted. Your own spends will give different figures.

Common questions

Which is better, Tata Neu Infinity HDFC Bank or SBI Cashback?

On all three sample spends below, SBI Cashback comes out ahead after fees. It depends on where you spend: compare the figures for the sample spender closest to you, or add your own spends in the Saifu app.

Which has the lower annual fee?

SBI Cashback (₹999 against ₹1,499). Tata Neu Infinity HDFC Bank waives it on ₹3,00,000 of spend a year. SBI Cashback waives it on ₹2,00,000 of spend a year.

Add a third cardTata Neu Infinity HDFC BankSBI Cashback

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