Which card has a lower forex fee: HDFC Millennia Credit Card or SBI Card MILES?

SBI Card MILES has lower forex markup (3% vs 3.5%).

Which card has a lower annual fee: HDFC Millennia Credit Card or SBI Card MILES?

HDFC Millennia Credit Card has a lower annual fee (₹1,000 annual fee from second year vs ₹1,499 annual fee).

Which card offers better lounge access?

HDFC Millennia Credit Card: 1 per quarter domestic lounge. SBI Card MILES: 1 per year domestic lounge.

Which card has a higher base reward rate?

HDFC Millennia Credit Card has higher conservative base reward value (~1% vs ~0.13%).

Pairwise comparison Compare 3+ cards →

HDFC Bank Millennia vs SBI Card MILES Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the HDFC Bank Millennia and the SBI Card MILES. Verify fees, lounge access, forex markup, and base rewards before you apply.

Millennia

MILES

The short answer

Verdict

Pick Millennia for lounge access and rewards.

Pick MILES for spending abroad.

Head-to-head

Three core metrics

Annual fee

Millennia ₹1,000 Waivable at ₹1,00,000 spend

MILES ₹1,499 Waivable at ₹6,00,000 spend

Millennia saves ₹499/yr
Forex markup

Millennia 3.5%

MILES 3%

MILES saves ~₹500 per ₹1L abroad
Domestic lounge

Millennia 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹1,00,000 spend in the previous calendar quarter (unlocks the following quarter)

MILES 1/year Conditional · Domestic: 1/year · requires ₹1,00,000 spend in the previous year

Millennia: +3 lounge visits/yr

Reward earning explained

Per card

Millennia

1% · 5% on eligible amazon, bookMyShow, cult.fit, flipkart, myntra, sonyLIV, swiggy, tata CLiQ, uber, and zomato

Strong data

MILES

1 Travel Credits / ₹200 · Up to 2 Travel Credits / ₹200 on Travel

Strong data

Pick based on what matters

3 dimensions

Start with the constraint you care about most: annual fee (HDFC Bank Millennia: ₹1,000 vs SBI Card MILES: ₹1,499), forex markup (3.5% vs 3%), or lounge access (4/year (1 per quarter) vs 1/year).

Forex markup SBI Card MILES wins

SBI Card MILES is better for forex

SBI Card MILES is stronger here. SBI Card MILES has a lower forex markup (3% vs 3.5%).
Lounge access HDFC Bank Millennia wins

HDFC Bank Millennia is better for lounge access

HDFC Bank Millennia is stronger here. HDFC Bank Millennia offers 4 domestic lounge visits per year versus 1.
Rewards HDFC Bank Millennia wins

HDFC Bank Millennia is better for rewards

HDFC Bank Millennia is stronger here. HDFC Bank Millennia conservative base value ~1% vs SBI Card MILES's ~0.1%.

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

Millennia: ~₹500/month at base rate
SBI MILES: ~₹60/month at base rate

Illustrative only, using current base rates before caps.

Field	Millennia HDFC Bank	MILES SBI Card
Insurance — Lost card liability cover Only available for SBI MILES	Not specified	₹1 lakh
Insurance — Underwriter Only available for SBI MILES	Not specified	Insured by ICICI Lombard General Insurance Company Limited
Lounge Access
Domestic lounge visits spend-gated on some cards — see caveats 4/year (1 per quarter) vs 1/year	4/year (1 per quarter)	1/year
International lounge visits	No international lounge access	No international lounge access
Forex / International Use
Forex markup Same forex; compare fee and lounge rows. 3.5% vs 3%	3.5%	3%
Fees
Recurring annual fee ₹1,000 vs ₹1,499	₹1,000	₹1,499
First-year cost Only available for Millennia	₹1,000	Not specified
Annual-fee waiver ₹1,00,000 vs ₹6,00,000	₹1,00,000	₹6,00,000
Monthly interest rate	3.75% / month	3.75% / month
Late-payment charge Only available for Millennia	₹100–₹1,300 depending on outstanding balance	Not specified
Fuel benefit 1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · ₹1,00,000/year waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹500–₹3,000 transactions · ₹250/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · ₹1,00,000/year waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹500–₹3,000 transactions · ₹250/month waiver cap · Fuel rewards excluded
Rewards
Base earn 1% vs 1 Travel Credits / ₹200	1%	1 Travel Credits / ₹200
Conservative base value ~1% vs ~0.1%	~1%	~0.1%
Earn ceiling ₹1,000 per calendar month vs Calendar-month cap: 5,000 Travel Credits shared across General spend & Travel	₹1,000 per calendar month	Calendar-month cap: 5,000 Travel Credits shared across General spend & Travel
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid.	₹1	₹1

Notes

HDFC Millennia Credit Card: Condition: ₹1,00,000 spend in the previous calendar quarter (unlocks the following quarter)
SBI Card MILES: Condition: ₹1,00,000 spend in the previous year
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.

HDFC Bank Millennia

Verify with issuer

SBI Card MILES

Verify with issuer