With a wide range of options available from various banks, consumers can select the best cashback credit cards in India that align with their preferences and lifestyle.
Cashback credit cards have gained immense popularity in India due to their enticing rewards and benefits.
These financial products offer cardholders the opportunity to earn cash rewards or credits based on their spending.
Best Cashback Credit Cards in India
Table of Contents
Best Cashback Credit Cards in India for 2023
In India, cashback credit cards cater to diverse spending habits and offer rewards in different categories, including shopping, dining, fuel, travel, and more.
As a result, savvy consumers can make the most of their routine purchases and save money effectively.
Check Best Cashback Credit Cards in India below –
Cashback SBI Card
Key Features
Joining fee: Rs.999 + taxes
Annual fee: Rs. 999 + taxes
Welcome Benefits: N/A
Cashback Benefits: Receive a 5% cashback on all your online transactions, applicable across all merchants with no restrictions. For offline purchases and utility bill payments, enjoy a 1% cashback.
Read more about Cashback SBI Credit Card
Flipkart Axis Bank Credit Card
Key Features
Joining fee: Rs. 499 + taxes
Annual fee: Rs. 499 + taxes
Welcome Benefits: Receive a 15% cashback, capped at Rs. 500, on your initial transaction at Myntra. Plus, gain a Flipkart voucher valued at Rs. 500 with your first transaction.
Cashback Benefits: With this Credit Card, enjoy limitless 5% cashback on purchases at Flipkart. Additionally, get a continuous 1.5% cashback on all other expenses and an ongoing 4% cashback on transactions made at chosen merchants.
Read more about Flipkart Axis Bank Credit Card
HDFC Bank Millennia Credit Card
Key Features
Joining fee: Rs.1,000 + taxes
Annual fee: Rs.1,000 + taxes
Welcome Benefits: Receive a welcome offer of 1,000 CashPoints as an introductory offer.
Cashback Benefits: Earn 1% cashback on offline purchases (Min. spend of Rs. 100).
Read more about HDFC Bank Millennia Credit Card
Amazon Pay ICICI Bank Credit Card
Key Features
Joining fee: Nil
Annual fee: Nil
Welcome Benefits: N/A
Cashback Benefits: Prime members can enjoy a continuous 5% cashback when using the Amazon shopping app, while non-prime users can benefit from a steady 3% cashback on the same app. Additionally, all users can avail themselves of an ongoing 1% cashback offer on all regular transactions.
Read more about Amazon Pay ICICI Credit Card
Axis Bank ACE Credit Card
Key Features
Joining fee: Rs. 499 + taxes
Annual fee: Rs. 499 + taxes
Welcome Benefits: N/A
Cashback Benefits: Earn 5% cashback when making bill payments, DTH recharges, and mobile recharges using Google Pay. Receive 4% cashback on Swiggy, Ola, and Zomato transactions. For all other expenses, get 2% cashback. Additionally, enjoy a 4% cashback specifically when using the Zomato food delivery app.
Read more about Axis Bank ACE Credit Card Review
Citi Cash Back Credit Card
Key Features
Joining fee: Rs. 500 + taxes
Annual fee: Rs. 500 + taxes
Welcome Benefits: N/A
Cashback Benefits: Receive a 5% cashback when settling utility bills, purchasing movie tickets, and paying telephone bills. Additionally, get a 0.5% cashback on all other spending categories.
Read more about Citi Cash Back Credit Card
Standard Chartered Super Value Titanium Credit Card
Key Features
Joining fee: Rs. 750 + taxes
Annual fee: Rs. 750 + taxes
Welcome Benefits: As a welcome benefit, enjoy a max. cashback of 1,500 on fuel transactions during the initial three months.
Cashback Benefits: Furthermore, you have the opportunity to receive a cashback of up to 5% when making fuel purchases, settling utility bills, and paying telephone bills. In addition, for every Rs 150 spent in other spending categories, you will earn 1 RP.
Read more about Standard Chartered Super Value Titanium Credit Card
Standard Chartered Smart Credit Card
Key Features
Joining fee: Rs. 499 + taxes
Annual fee: Rs. 499 + taxes
Welcome Benefits: Extend the interest-free period to 90 days starting from the card issuance date.
Cashback Benefits: This credit card offers a 2% cashback on online purchases and a 1% cashback on offline transactions.
Read more about Standard Chartered Smart Credit Card
HSBC Cashback Credit Card
Key Features
Joining fee: Nil
Annual fee: Rs. 750 + taxes
Welcome Benefits: Upon joining, you’ll receive a welcome package that includes a Rs. 500 Amazon voucher and 3 complimentary domestic lounge access passes.
Cashback Benefits: n addition, you can earn a 1.5% cashback on online expenditures and a 1% cashback on all other purchases made using the card.
Read more about HSBC Cashback Credit Card
YES Prosperity Cashback Plus Credit Card
Key Features
Joining fee: Rs 1499 + taxes
Annual fee: Rs 1499 + taxes
Welcome Benefits: Receive a cashback reward of Rs. 250 when you spend Rs. 2500 or more within the initial 30 days of using this credit card.
Cashback Benefits: Furthermore, earn a 0.75% cashback on all retail transactions and a generous 5% cashback on your expenditures for movies and groceries.
Read more about YES Prosperity Cashback Plus Credit Card
Best Cashback Credit Cards in India
How to Select the Best Cashback Credit Cards in India?
- Analyze Spending Habits: Begin by assessing your monthly expenses to identify the significant spending categories. Look for cashback credit cards that offer higher rewards in these categories.
- Check Cashback Rates and Caps: Compare the cashback rates of different credit cards and ensure there are no limitations or caps on the cashback earnings.
- Consider Welcome Offers: Look for cards with attractive welcome bonuses or sign-up rewards to boost your initial cashback earnings.
- Evaluate Annual Fees and Charges: Take into account the annual fee associated with the credit card and weigh it against the potential cashback benefits.
- Review Redemption Options: Check the available options for redeeming cashback rewards, such as direct cash credits, vouchers, discounts, or reward points.
- Check Interest Rates and Fees: Pay attention to the interest rates charged on outstanding balances and any other applicable fees.
- Explore Additional Benefits: Apart from cashback, consider other perks like travel insurance, airport lounge access, concierge services, etc.
- Verify Credit Score Requirements: Understand the credit score requirements for the card you’re interested in. Some cards may require a higher credit score for better rewards.
- Read Customer Reviews: Research customer reviews and ratings to gain insights into the card’s actual performance and customer service.
- Meet Eligibility Criteria: Ensure you meet the eligibility criteria for the card you want to apply for, including age, income, and employment requirements.
- Apply Online: Once you’ve chosen a suitable cashback credit card, apply through the bank’s official website or a reliable financial comparison platform.
Conclusion
In conclusion, the best cashback credit cards in India can be found by carefully evaluating individual spending habits and preferences.
These cards are an excellent way to earn rewards while practicing responsible credit card usage.
By comparing the cashback rates, annual fees, redemption options, and additional perks of various credit cards, users can discover the most suitable option that provides the best value proposition.
