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Side-by-Side Comparison|Updated March 2026

ICICI Bank Sapphiro Credit Card vs HDFC Bank Millennia Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

ICICI Bank

ICICI Bank Sapphiro Credit Card

8/10
Annual Fee₹3,500
Base Rewards0.25%
NetworkVisa
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HDFC Bank

HDFC Bank Millennia Credit Card

8.5/10
Annual Fee₹1,000
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureICICI Bank Sapphiro Credit CardHDFC Bank Millennia Credit Card
Annual Fee₹3,500₹1,000
Joining Fee₹6,500₹1,000
Fee Waiver Spend₹6,00,000₹1,00,000
Base Reward Rate0.25%1%
Reward CurrencyICICI Bank RewardsCashPoints
NetworkVisaVisa
Editor Rating8/108.5/10
Forex Markup3.5%3.5%

Accelerated Rewards

ICICI Bank Sapphiro Credit Card

  • 0% on International Spends

HDFC Bank Millennia Credit Card

  • 0% on Special Rate

Pros & Cons

ICICI Bank Sapphiro Credit Card

Pros

  • High-value welcome vouchers worth over ₹9,000 covering travel, shopping, and dining.
  • Dual-card advantage (Amex + Mastercard/Visa) allows for broader acceptance and network-specific offers.
  • Generous movie benefits with Buy 1 Get 1 up to ₹500 twice a month on BookMyShow.
  • Complimentary golf rounds (up to 4 per month) based on spending milestones.

Cons

  • High annual fee of ₹3,500 which is only waived on a relatively high spend of ₹6 lakhs.
  • Domestic lounge access is contingent on a high quarterly spend of ₹75,000.
  • Reward rate on utilities and insurance is low at 1 point per ₹100.

HDFC Bank Millennia Credit Card

Pros

  • 5% cashback on 10 major online merchants including Amazon, Flipkart, and Swiggy
  • 1:1 redemption ratio for CashPoints against statement credit
  • Achievable annual fee waiver at ₹1 Lakh annual spend
  • 1,000 CashPoints welcome benefit effectively offsets the joining fee

Cons

  • Monthly cashback capped at ₹1,000 for the 5% category
  • Lounge access is now spend-based (₹1 Lakh per quarter)
  • Excludes rent, fuel, and government transactions from rewards

Our Verdict

HDFC Bank Millennia Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Sapphiro Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose ICICI Bank Sapphiro Credit Card if

Offers both domestic and international lounge access along with travel-specific welcome vouchers.

Choose HDFC Bank Millennia Credit Card if

High 5% cashback on popular platforms like Amazon, Flipkart, and Zomato.

Frequently Asked Questions

Which is better: ICICI Bank Sapphiro Credit Card or HDFC Bank Millennia Credit Card?
HDFC Bank Millennia Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank Sapphiro Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between ICICI Bank Sapphiro Credit Card and HDFC Bank Millennia Credit Card?
ICICI Bank Sapphiro Credit Card has an annual fee of ₹3,500, while HDFC Bank Millennia Credit Card has an annual fee of ₹1,000. ICICI Bank Sapphiro Credit Card offers a fee waiver on ₹6,00,000 annual spend. HDFC Bank Millennia Credit Card offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: ICICI Bank Sapphiro Credit Card or HDFC Bank Millennia Credit Card?
ICICI Bank Sapphiro Credit Card offers a base reward rate of 0.25% with accelerated rewards on International Spends. HDFC Bank Millennia Credit Card offers 1% base rewards with bonuses on Special Rate. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Sapphiro Credit Card and HDFC Bank Millennia Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Sapphiro Credit Card and HDFC Bank Millennia Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Sapphiro Credit Card or HDFC Bank Millennia Credit Card?
For beginners, HDFC Bank Millennia Credit Card may be more approachable with a lower annual fee of ₹1,000. However, evaluate based on your expected spending pattern rather than fee alone.

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