A credit card can give a variety of incentives to its customers, including cashback. Credit cards compensate you for every rupee you spend with real cash rather than coupons or other bundled deals. Cashback credit cards come in a variety of types in India.
However, there are so many options so, it may be difficult for you to select one. We've put together a list of the best cashback credit cards available for you to choose from. Take a look!
When you use a cashback credit card to make a purchase, you receive a portion of the purchase price as cashback. Credit card companies credit the amount you earn to your account, which is visible on your credit card statement each month.
Here is a list of India’s best cashback credit cards to carry in your wallet!
| Name of Cash Back Credit Card | Joining Fee | Annual Fee |
|---|---|---|
| Axis ACE Credit Card | Rs. 499 | Rs. 499 |
| HDFC Bank MoneyBack Credit Card | Rs. 500 + Taxes | Rs. 500 + Taxes |
| Standard Chartered Super Value Titanium | Rs. 750 | Rs. 750 |
| Amazon Pay ICICI Bank Credit Card | Nil | Nil |
| HSBC Cashback Credit Card | Rs. 999 | Rs. 999 |
| HDFC Millennia Credit Card | Rs.1,000 + Taxes | Rs.1,000 + Taxes |
| AU Altura Credit Card | Rs. 199 + taxes | Rs. 199 + taxes |
| Citi Bank Cashback Credit Card | Rs. 500 | Rs. 500 |
| YES Prosperity Cashback Credit Card | Rs. 1,499 + Taxes | Rs. 1,499 + Taxes |
| Kotak League Platinum Credit Card | Rs. 499 | Rs. 499 |
Joining fee: Rs. 499
Annual fee: Rs. 499
Key Benefits:
5% reward on utility bill payments, DTH, and cellphone recharge with Google Pay
4% cashback for Swiggy, Zomato, and Ola
2% cashback for all other qualified purchases
4 complimentary domestic lounge visits per year
Up to 20% discount at over 4,000 participating restaurants
Joining fee: Rs. 500 + Taxes
Annual fee: Rs. 500 + Taxes
Key Benefits:
Earn 2 Reward Points for every Rs. 150 spent (excluding fuel transactions, wallet or prepaid card loading, and voucher purchases)
Earn 2X Reward Points, that is, 4 Reward Points for every Rs. 150 purchased online
Every quarter, receive a Rs. 500 gift voucher for spending Rs. 50,000
Earn up to Rs. 2,000 in gift certificates each year
1% Fuel Surcharge waiver on fuel transactions
Joining fee: Rs. 750
Annual fee: Rs. 750
Key Benefits:
5% reward on fuel purchases at all stations, up to Rs. 200 per month.
Get 5% cashback on your telephone bills, for any transaction amount exceeding Rs.750.
Receive a 5% reward when you pay your utility bills.
For every Rs. 150 you spend on all other expenses with your credit card, you receive one reward point
Joining fee: Nil
Annual fee: Nil
Key Benefits:
5% cashback on Amazon purchases for Prime members
3% cashback on Amazon purchases for non-Prime members
2% cashback on purchases from Amazon Pay partner merchants
1% cashback on other expenses
1% discount on gasoline fees at all petrol pumps in India.
Joining fee: Rs. 999
Annual fee: Rs. 999
Key Benefits:
Get accelerated 10% cashback on food spending and 1.5% unlimited cashback on all other spending
10% cashback on all dining, food delivery, and grocery spending (limited to Rs. 1,000 per billing cycle)
1.5% limitless cashback on all other purchases (exclusions apply)
Cashback is also available through the Instant EMI (Equated Monthly Installment) function on your card at select retailers
Receive cashback credited to your account within 45 days of your card's statement date
Joining fee: Rs.1,000 + Taxes
Annual fee: Rs.1,000 + Taxes
Key Benefits:
5% cashback at Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato
1% reward on all other spends (excluding fuel), including EMI and wallet transactions
Receive Rs. 1000 gift certificates for spending Rs. 1,00,000 or more in each calendar quarter
Up to 20% discount on partner restaurants through Swiggy Dineout
Joining fee: Rs. 199 + taxes
Annual fee: Rs. 199 + taxes
Key Benefits:
2% cashback on all retail purchases made at grocery stores, department stores, and utility bill payment centers
1% cashback on all other retail purchases
2 complimentary lounge visits each quarter.
1% Fuel Surcharge Waiver for fuel transactions between Rs. 400 and Rs. 5,000 at all petrol stations in the country.
Joining fee: Rs. 500
Annual fee: Rs. 500
Key Benefits:
5% cash back on cinema ticket purchases
5% rebate on phone bill payments
5% cash back on utility bill payments
All other purchases will get 0.5% cashback
5% return on a monthly spend of Rs. 4000, up to Rs. 100 per category
Joining fee: Rs. 1,499 + Taxes
Annual fee: Rs. 1,499 + Taxes
Key Benefits:
Get cashback of Rs. 250 on spends of Rs. 2,500 in the first 30 days of card setup
Earn up to 5% cashback on cinema ticket bookings and grocery purchasing
Foreign Currency Markup of 3.4% only
0.75% refund on all purchases except fuel
Joining fee: Rs. 499
Annual fee: Rs. 499
Key Benefits:
8 reward points for every Rs. 150 spent
Fuel surcharge exemptions up to Rs. 3500 yearly
Spend Rs. 1,25,000 every six months to receive four PVR tickets or 10,000 reward points
Following the processing of the membership fee, you will receive 5000 reward points worth Rs. 500
Get a cinema voucher worth Rs. 500 as a joining gift
There's no single best cashback credit card in India, as the ideal card depends on your spending habits. Here's how to choose the right one for you -
Everything: Cashback cards like Axis Bank Ace Credit Card (1.5% on all purchases) are good choices if you spend across categories.
Online shopping: Cards like Amazon Pay ICICI Credit Card (5% on Amazon) offer better rates on specific platforms.
Specific categories: If you spend a lot on groceries, dining, or travel, look for cards with higher cashback in those areas.
Annual fees: Some cards with higher cashback have annual fees. Weigh the fee against the potential cashback earned.
Welcome bonus: Many cards offer a bonus for signing up. Consider this when comparing cards.
Rewards redemption: See how easily you can redeem your cashback. Some cards offer cashback as statement credit, while others have points that transfer to partner programs.
Finding the best cashback credit card in India is all about understanding your spending habits. Do your research, prioritize cashback categories that align with your purchases, and weigh annual fees against potential rewards. Remember, even the highest cashback credit card might not be the best choice if it comes with a hefty annual fee. Choose wisely and maximize your savings!
Look for cards with high cashback in categories you spend the most on, annual fees, welcome bonuses, and ease of redeeming rewards.
Yes, there are several cashback cards with no annual fees, but they might offer lower cashback rates compared to cards with fees.
Popular cashback categories include online shopping, groceries, dining, travel, and utility bills.
Always pay your credit card bill in full and on time to avoid interest charges. Cashback will not outweigh late payment penalties.
Redemption options vary by card. Some offer cashback as statement credit, while others have points that transfer to partner programs.
Cashback offers a straightforward return on your spending, while reward cards with points can provide benefits like travel miles or merchandise redemption, which might be more valuable for specific purposes. Consider what you need and choose a credit card that suits your lifestyle and preferences.
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