Which card has a lower forex fee: HDFC Millennia Credit Card or PhonePe SBI SELECT BLACK Credit Card?

Both cards have the same forex markup (3.5%).

Which card has a lower annual fee: HDFC Millennia Credit Card or PhonePe SBI SELECT BLACK Credit Card?

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

Which card offers better lounge access?

HDFC Millennia Credit Card: 1 per quarter domestic lounge. PhonePe SBI SELECT BLACK Credit Card: 1 per quarter domestic lounge.

Which card has a higher base reward rate?

Both cards have similar base reward value (~1%).

Pairwise comparison Compare 3+ cards →

HDFC Bank Millennia vs SBI Card PhonePe SBI SELECT BLACK Credit Cards – Fees, Lounge, Forex

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

upi SBI Card PhonePe SBI SELECT BLACK

Quick comparison

Three core metrics

Millennia HDFC Bank

Annual fee ₹1,000 Waivable at ₹1,00,000 spend
Forex markup 3.5%
Domestic lounge 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹1,00,000 spend in the previous calendar quarter

PhonePe SBI SELECT BLACK SBI Card

Annual fee ₹1,499 Waivable at ₹3,00,000 spend
Forex markup 3.5%
Domestic lounge 4/year (1 per quarter)

Reward earning explained

Per card

Millennia

1% · Up to 5% on Amazon

Limited data

PhonePe SBI SELECT BLACK

1 pt / ₹100

Limited data

Pick based on what matters

4 dimensions

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

Forex markup Tie

Both cards are similar for forex

Forex markup is 3.5%.
Lounge access Tie

Both cards are similar for lounge access

Domestic lounge access is 1 per quarter.
Rewards Tie

Both cards are similar for rewards

HDFC Bank Millennia conservative base value ~1% vs SBI Card PhonePe SBI SELECT BLACK's ~1%. SBI Card PhonePe SBI SELECT BLACK conservative base value ~1% vs HDFC Bank Millennia's ~1%.
upi SBI Card PhonePe SBI SELECT BLACK wins

SBI Card PhonePe SBI SELECT BLACK is better for UPI usage

SBI Card PhonePe SBI SELECT BLACK is stronger here. Supports UPI via RuPay network.

HDFC Bank Millennia

Confidence: Low (limited information available)

Verify with issuer

SBI Card PhonePe SBI SELECT BLACK

Confidence: Low (limited information available)

Verify with issuer

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

Millennia: ~₹500/month at base rate
PhonePe SBI SELECT BLACK: ~₹500/month at base rate

Illustrative only, using current base rates before caps.

Swipe for all fields

Field	Millennia HDFC Bank	PhonePe SBI SELECT BLACK SBI Card
Lounge Access
Domestic lounge visits	4/year (1 per quarter)	4/year (1 per quarter)
International lounge visits Only available for PhonePe SBI SELECT BLACK	Not specified	4/year
Forex / International Use
Forex markup	3.5%	3.5%
Fees
Annual fee ₹1,000 vs ₹1,499	₹1,000	₹1,499
Joining fee ₹1,000 vs ₹499	₹1,000	₹499
Fee waiver spend ₹1,00,000 vs ₹3,00,000	₹1,00,000	₹3,00,000
Rewards
Base earn Some reward lanes are unsupported — base rate only for comparison. 1% vs 1 pt / ₹100	1%	1 pt / ₹100
Conservative base value	~1%	~1%
Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. Only available for Millennia	₹1	Not specified
Point validity Only available for Millennia	2 years	Not specified

Notes

Some data has low confidence — verify with the issuer before relying on it.
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.