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Most individuals use credit cards to have more financial stability. But, many people use credit cards not just to enjoy the credit limit but also to enjoy the benefits that they provide. Credit cards come with benefits in various forms, such as Rewards, cashback, travel benefits, lifestyle benefits, etc. The simplest form of the benefits provided by credit cards is cashback, and Cashback Credit Cards are the tools that provide you the same. A credit card with cashback earns you cash back on all your spending and allows you to save a percentage of what you spend every time you make a purchase.

Best Cashback Credit Cards in India

Cashback credit cards provide you cashback on all your spends, but most of them come with accelerated cashback offers on selected categories. For example, a credit card that provides 2% cashback on all offline spends, 3% cashback on all online spends, and 5% cashback on Amazon is the greatest choice for people who make online purchases frequently. And it is even more significant for the people who make online purchases through Amazon. This is the way a credit card with cashback works and how different cards can be beneficial for different people according to their shopping habits. Similarly, different cashback cards may provide accelerated cash back on different categories, which can be travel, entertainment, shopping, international transactions, or anything else.

Who doesn’t want to save on their spends? You might also be looking to apply for the best cashback credit card that can get you the maximum benefit. Cashback credit cards don’t only allow you to save more & more money, but you can also avail a lot of other exciting benefits, such as entertainment benefits, travel privileges, and much more. We are here to make you understand what a cashback credit card actually is, how it works, and how you can choose the right cashback credit card for you. Keep reading to know all these answers & check the list of the best cash-back credit cards in India:

Table of Contents

List of Best CashBack Credit Cards in India 2024

With lots & lots of credit cards offered in the Indian market, you may find it very difficult to filter out cash-back cards from different credit card issuers. Every card issuer offers various cards in different categories, including travel, rewards, cashback, shopping, and many more, so it becomes quite difficult to check all the websites and note down the credit cards. To make the take easier for you, we have made a list of the best cashback credit cards that are available in India. You can check out the features, benefits, and charges and compare cash-back credit cards to choose the best-suited card for you.

HDFC Bank Millennia Credit Card

(4.8/5)

Fees

Joining Fee

Rs. 1,000 + GST

Renewal Fee

Rs. 1,000 + GST

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

1,000 CashPoints as a Welcome Benefit.

The HDFC Bank Millennia Credit Card is a cashback credit card issued by HDFC with the aim of providing its customers with the best cashback offers. The card lets you save a lot on almost all your spends, and is best suited for online shopping & flight/hotel bookings at SmartBuy or Payzapp. Following are some of the key features of this card:

  • Welcome gift of 1,000 cash points.
  • Complimentary airport lounge access.
  • Spend-based joining/annual fee waiver.
  • 1% fuel surcharge waiver.
Cashback SBI Credit Card

(4.7/5)

Fees

Joining Fee

Rs. 999 + GST

Renewal Fee

Rs. 999 + GST

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

NA

The Cashback SBI Card is a highly rewarding card that provides cashback on all online and offline spends, with a few exceptions. The card carries an annual fee of Rs. 999 plus taxes, and the total cashback you can earn is capped at a maximum of Rs. 5000 per statement cycle. Moreover, you can get the renewal fee of the SBI Cashback card waived on spending Rs. 2 Lakhs or above in the card anniversary year. The following are the features of the Cashback SBI Card:

  • 5% cashback on all online spends
  • 1% cash back on all offline spends
Flipkart Axis Bank Credit Card

(5/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

Introductory Benefits Worth Rs. 600 on Card Issuance

Axis Bank offers the Flipkart Axis Credit Card in association with Flipkart to deliver its customers exclusive cashback benefits on all their spending. With this card, you get accelerated cashback on online shopping through Flipkart. Avail various benefits with this card, including welcome benefits worth Rs. 600, complimentary lounge visits at domestic airports, and exciting discount offers on dining through the Axis Bank Dining Delights program.

Amazon Pay ICICI Bank Credit Card

(5/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

Cashback and Discounts Up to Rs. 2,000 and Free 3-Month Prime Membership

The Amazon Pay ICICI Bank Credit Card is a co-branded shopping credit card launched by ICICI Bank in collaboration with Amazon India on the Visa payment platform. Upon its launch, it quickly became a popular choice for online shoppers in the country. Currently, it is considered one of the best credit cards available for shopping in India, particularly for those who frequently shop on Amazon and are Prime members. One of the reasons why the Amazon ICICI Credit Card is so popular is due to the cashback rewards it offers in the form of an Amazon Pay balance. Amazon Prime members can benefit even more from this credit card, as they can receive up to 5% cashback on purchases made on Amazon.

Airtel Axis Bank Credit Card

(4.7/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Food

Reward Type

Cashback

Welcome Benefits

Amazon Voucher Worth Rs. 500

The Airtel Axis Bank Credit Card is a collaboration between Axis Bank and Bharti Airtel. This co-branded card is designed for people who use Airtel services frequently and comes with a modest annual fee of only Rs. 500. To welcome new customers, the card offers an exclusive Amazon gift voucher. It is a cashback credit card that offers up to 25% cashback on Airtel Mobile, DTH, and broadband bill payments made through the Airtel Thanks app, 10% cashback on water, gas, and other utility bill payments through the same app, and 10% cashback on partner merchants. The redemption process is hassle-free, as the earned cashback is automatically credited to your account.

AU Bank Altura Credit Card

(4.5/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

N/A

The AU Bank Altura credit card is a basic cashback card that comes at a joining fee of Rs. 199 plus taxes and offers you the chance to earn cashback on almost all spends. You get 5% cashback on retail spends done with the card within 2 months of card activation as a welcome benefit. Also, you earn 2% cashback on other spends and Rs. 50 cashback per month as milestone benefits.

  • 5% cashback on retail spends within 2 months of card issuance
  • 2% cashback on groceries, utility bills, and departmental stores
  • 1% cashback on all other spends with the card
  • Rs. 50 cashback per month as milestone benefits
  • Complimentary railway lounge access with the card
  • 1% fuel surcharge waiver
Standard Chartered Smart Credit Card

(4.5/5)

Fees

Joining Fee

Rs. 499 + GST

Renewal Fee

Rs. 499 + GST

Best Suited For

Shopping

Reward Type

Reward Points

Welcome Benefits

Extended 90 days interest period from the date of the card issuance date.

Standard Chartered Bank recently launched a new entry-level credit card- Standard Chartered Smart Credit Card. It is a cashback card, and you can earn up to 1,500 Reward Points per month on Standard Chartered Smart Credit Card. The Smart Card comes with a yearly fee of Rs. 499 (plus GST). The key features of the Standard Chartered Smart Credit Card are as under-

  • 2% cashback on all online spends with Standard Chartered Smart Credit Card (max cashback under this category is capped at Rs. 1,000 per month).
  • 1% cashback on offline spends with the card (max cashback under this category has a capping of Rs. 500 per month).
  • The annual fee of the card is waived off on a minimum annual expenditure of Rs. 1.2 lacs.
Swiggy HDFC Bank Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Dining

Reward Type

Cashback

Welcome Benefits

Complimentary 3-Month Swiggy One Membership

The Swiggy HDFC Bank credit card is a nice offering for loyal Swiggy users who regularly order food or dineout, and this is the first time that Swiggy has partnered with a bank for a credit card. The card charges a joining fee of Rs. 500 and comes with a complimentary 3-month Swiggy One membership. You can earn exclusive 10% cashback on spends across the Swiggy app and 5% cashback on other partner brand spends. The following are the top features of the card –

  • 3-month Swiggy One membership as a welcome benefit
  • 10% cashback across the Swiggy app on Food, Instamart, Dineout, and Genie
  • 5% cashback on online spends at partner brands
  • 1% cashback on other spends
  • Renewal fee waiver on spending Rs. 2 Lakhs or more in the year
Myntra Kotak Credit Card

(4.7/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

Myntra voucher worth Rs. 500 on making 1 transaction above Rs. 500 inside 30 days of card issuance

Myntra is the top fashion E-Commerce portal in India, the Myntra Kotak credit card is the perfect credit card for loyal Myntra customers and fashionistas. This co-branded card comes with a Rs. 500 Myntra voucher and Myntra Insider membership as a welcome benefit. You get a 7.5% instant discount on all Myntra spends and 1.25% cashback on other spends. The card even offers many other privileges, including complimentary lounge access, spend-based fee waivers, milestone benefits, etc.

  • Rs. 500 worth Myntra voucher on a transaction of Rs. 500 or more within 30 days of getting the card
  • 7.5% discount on all your Myntra spends, capped at maximum Rs. 750 per transaction
  • 5% cashback on partner brands.
  • Complimentary Myntra Insider membership
  • 1 complimentary domestic lounge access per quarter
Axis Bank ACE Credit Card

(4.8/5)

Fees

Joining Fee

Rs. 499 + GST

Renewal Fee

Rs. 499 + GST

Best Suited For

Bill Payment

Reward Type

Cashback

Welcome Benefits

N/A

Myntra is the top fashion E-Commerce portal in India, the Myntra Kotak credit card is the perfect credit card for loyal Myntra customers and fashionistas. This co-branded card comes with a Rs. 500 Myntra voucher and Myntra Insider membership as a welcome benefit. You get a 7.5% instant discount on all Myntra spends and 1.25% cashback on other spends. The card even offers many other privileges, including complimentary lounge access, spend-based fee waivers, milestone benefits, etc.

The Axis Bank ACE Credit Card allows you to earn maximum cashback on your spends as there is no maximum cap on the cashback you earn using this card. Along with providing great cashback offers on various categories, the card has several other advantages, as mentioned below:

  • Complimentary domestic & international lounge access.
  • Up to 20% off on dining through the Axis Bank Dining Delights Programme.
  • Spend-based waiver of the annual fee.
  • 1% waiver on fuel surcharge.
ICICI Bank HPCL Super Saver Credit Card

(5/5)

Fees

Joining Fee

Rs. 500 + GST

Renewal Fee

Rs. 500 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

2,000 bonus Reward Points on paying the membership fee within 2 months and spending at least Rs. 5,000 within the first 45 days of card issuance; Rs. 100 cashback on HP Pay app on the first fuel purchase of Rs. 1,000 or more.

Myntra is the top fashion E-Commerce portal in India, the Myntra Kotak credit card is the perfect credit card for loyal Myntra customers and fashionistas. This co-branded card comes with a Rs. 500 Myntra voucher and Myntra Insider membership as a welcome benefit. You get a 7.5% instant discount on all Myntra spends and 1.25% cashback on other spends. The card even offers many other privileges, including complimentary lounge access, spend-based fee waivers, milestone benefits, etc.

The newly launched card, ICICI Bank HPCL Super Saver Credit Card, is issued by the bank in collaboration with the HPCL to help you save amazingly on your spends. With accelerated cashback on categories like fuel, you can save a lot every time you spend. Not only cashback, but this card has various other advantages, some of which are as mentioned below:

  • Welcome benefit of 2,000 Reward Points.
  • Complimentary Airport lounge access.
  • Up to a 20% discount on movies.
  • Exclusive discount offers on dining through the ICICI Bank Culinary Treats Programme.
Standard Chartered Super Value Titanium Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 750 + GST

Renewal Fee

Rs. 750 + GST

Best Suited For

Fuel

Reward Type

Reward Points

Welcome Benefits

Up to 1,500 cashback on fuel transactions within the first three months.

The Standard Chartered Super Value Titanium Credit Card is a valuable card that provides exciting cashback and reward offers for your day-to-day expenditures. The card is free for premium banking customers, while an annual fee of Rs. 750 is charged for others. With this card, you can get up to 5% cashback on utility bill payments, fuel transactions, and phone bills. Additionally, you can earn 1 reward point for every Rs. 150 spent on all other categories.

  • Reward Points/Cashback on all your spends.
  • Complimentary Priority Pass membership.
  • Spend-based annual fee waiver.
  • Rewards are redeemable against an array of categories in the 360-degree rewards catalog.
HSBC Cashback credit card

(4.6/5)

Fees

Joining Fee

Rs. 999 + GST

Renewal Fee

Rs. 999 + GST

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

Amazon voucher worth Rs. 1,000 on transaction of Rs. 10,000 in the first 30 days

The HSBC Cashback Credit Card comes with great cashback offers on all your spends and 10% accelerated cashback on grocery, dining, and food delivery spending. Other than the cashback offers, there are several advantages of the card that allow you to save more and more on your spends. Some of its benefits are:

  • Buy 2 get 1 free offer on movies on Saturdays through BookMyShow.
  • 10% cashback on grocery, dining, and food delivery and 1.5% on all spends.
  • 4 complimentary domestic lounge access per annum.
  • Spend-based annual fee waiver on spending Rs. 2 lakh.

Benefits Of Cashback Credit Cards

For individuals who aim to save more on spending via their credit cards, cashback cards might be the best option. With these cards, you earn a cashback every time you spend, and this cashback is credited to your account, which can be used against your statement balance as well. Following are some of the reasons why you should consider having a cashback credit card:

  • A credit card with cashback lets you save up to 20% or even more on your spends. You save something almost every time you spend.
  • The redemption of cashback is very easy and hassle-free, unlike that of reward points, as it is automatically credited to your account. Moreover, you have the independence to use your earned cashback wherever you want.
  • Most cash-back cards are affordable for everyone as they generally come with a low joining fee, and some of them are even lifetime free.

Other than these general benefits, cashback cards can also provide additional privileges to their customers. However, these cards are mostly focused on cashback offers, but you may also get other benefits with some of the best cash-back credit cards. The cashback credit card benefits may be as mentioned below:

Welcome Benefits

With most of the cashback cards, you get a welcome benefit. Different cards offer different welcome benefits to their customers, which may be accelerated cashback in a particular category, a premium subscription, or anything. You generally get a welcome benefit when you join the card membership by settling the joining fee.

Milestone Benefits

Under the milestone program of a credit card, you can get exciting offers and benefits on spending the required minimum amount within a given time period.

Travel Benefits

Some cashback credit cards come with exclusive travel perks, which include exciting discounts on flight/hotel bookings. Moreover, some of these cards come with complimentary access to domestic and international airport lounges.

Movie & Dining Benefits

Considering the people who love to go to movies frequently or who dine out very often, many card issuers offer cards with exciting movie & dining benefits. These benefits may include complimentary movie tickets, discounts on dining, and exclusive premium memberships for complimentary dine-out apps.

Rewards & Features

Credit Card Best Suited For Key Features Other Features
HDFC Millennia Credit Card Shopping on Amazon & Flipkart
  • 5% cashback on Amazon, Flipkart, Flight & Hotel bookings on PayZapp and Smartbuy.
  • 2.5% cashback on all online spends.
  • 1% cashback on all offline spends.
  • 1 complimentary domestic lounge access every quarter.
Axis Bank ACE Credit Card Bill Payments on Google Pay & Zomato, Swiggy, and Ola
  • 5% cashback on bill payments & recharges on Google Pay.
  • 4% cashback on Zomato, Swiggy & Ola.
  • 2% cashback on all other spends.
4 complimentary domestic lounge access every year.
Standard Chartered Super Value Titanium Credit Card Fuel and utility/phone bill payments
  • 5% cashback on fuel, utility bills & phone bill payments.
  • 1 Reward Point per Rs. 150 spent elsewhere.
Complimentary Priority Pass Membership
Amazon Pay ICICI Credit Card Shopping on Amazon
  • 5% cashback on Amazon for Amazon Prime members.
  • 3% cashback on Amazon for non-prime members.
  • 2% cashback on Amazon Pay.
  • 1% cashback on all other spends.
A discount of 15% or more on dining.
Flipkart Axis Bank Credit Card Shopping on Flipkart
  • A cashback of 5% on Flipkart.
  • A cashback of 4% on selected merchants.
  • A cashback of 1.5% on all other spends.
  • 4 complimentary domestic lounge access per year.
  • Up to 20% off on dining.
ICICI Bank HPCL Super Saver Credit Card Utility, Groceries, Fuel & departmental store purchases
  • 5% cashback on grocery, utility, fuel(at HPCL pumps) & departmental store purchases.
  • 2 Reward points on every other retail spend of Rs. 100.
  • Complimentary domestic lounge access.
  • A discount of 15% or more on dining.
HSBC Cashback Credit Card Food Spends
  • 10% cashback on grocery, dining and food delivery.
  • 1.5% cashback on all other spends.
  • 4 complimentary domestic lounge access.
  • Buy 2 get 1 free offer on movie tickets.

How to Choose The Right Cashback Credit Card?

Almost everyone wants to save on their spends by earning cashback or discounts, and one of the best ways to do so is to use credit cards. To save more by earning cashback, you might think of having a cashback credit card. But, it is always confusing which credit card to choose. Which one will earn you the maximum benefit? If you are also going through the same questions in your mind, we are here with the answers & options for you.

The very first thing you need to understand before choosing a cashback credit card is your shopping habits. Understand whether you like online shopping more or offline. Find out the categories where you spend the most. If you order food frequently from Zomato, go for a card that comes with the best cashback offers on Zomato. So, take time & apply for a credit card wisely.

How to Apply for Cashback Credit Cards Online?

Like every other credit card, there are many ways to apply for a cashback credit card. You can apply online as well as offline for it. To apply online for a cashback credit card, you will have to visit the card issuer’s official website and go to the personal banking section. Then, search for the credit card option and choose the card you wish to apply for. After finding your card, you can proceed further by filling in the application form with all the required information and uploading all required documents.

Individuals who don’t prefer online methods to apply for a credit card can visit their nearest beach with all the required documents to apply for a credit card. Whichever method you choose to apply, make sure that you apply for a cashback that best suits your needs.

Best Cashback Credit Cards in India With No Annual Fee

Almost everyone wants to have a credit card, but a lot of people are afraid of applying for a card due to the high annual charges on them. However, it needs to be understood that some of the best cashback credit cards in India come with a zero annual fee and target low-income individuals. Everyone can apply for these cards as long as they fulfill the age eligibility and they have a source of income. Some of the best cashback cards in India with no annual fee are as follows:

  • Amazon Pay ICICI Credit Card.

Difference Between Rewards & Cashback Credit Cards

Many people consider rewards credit cards and cash-back credit cards to be the same thing, but both are different. Rewards credit cards earn you reward points, whereas cashback cards reward you with cashback. Some people prefer having a credit card for cashback, and others like rewards cards. If you don’t understand all the differences between the two, refer to the table given below to understand the same:

Rewards Credit Card Cashback Credit Card
The Rewards Credit cards earn you Reward Points on every spend you made using the card. A credit card with cashback earns you cashback on your spends made using the card.
The Reward Points need to be redeemed on a particular website/portal or through net banking to use them. You don’t need to redeem the cashback as it is automatically credited into your account.
The Reward Points you earn through the Rewards Credit cards are valid for a fixed time period and if you don’t use them within that time period, they expire. The cashback you earn using the cashback cards never expire. You can use it anytime once it is credited to your account.
The Reward Points can be redeemed against selected categories/products only that are available on the Reward catalogue of that particular bank. The cashback earned through the Cashback cards can be used to buy anything you want.

Bottom Line

A credit card with cashback can benefit each and every one no matter what you do with your card. The only thing you need to do is just choose the card according to your spending habits. As most cash-back credit cards provide maximum benefit for one or two particular categories, it is really essential to understand the categories where you spend the most to get the utmost advantage out of your cash-back credit card. You should also compare the cards on the basis of other aspects, including travel, movie, dining, fuel benefits, etc. The best advantage of having a cashback credit card is its easy and hassle-free redemption process. You don’t need to go through a lengthy and confusing redemption process like that of rewards credit cards, but the cashback is generally credited to your account by itself. Moreover, cashback cards are affordable to have & easy to use, giving you another significant reason to have one. So, if you are aware of your spending behavior, just find the right cashback credit card & go for it.

Also, make sure to let us know which credit card for cashback you are going to choose and why. Also, if you have any doubts concerning any information provided in this article, you can freely ask us in the comment section below!

FAQs:

If you are looking to earn rewards instantly on your purchases, then cashback credit cards would be a good choice as you get cashback instantly in your account rather than using rewards in the future (in the case of reward points).
When you use your credit card to make a transaction, you earn a percentage of the transaction in the form of cashback. For example, if your card offers 5% cashback on a transaction, then on a purchase of Rs. 100, you will earn Rs. 5 as a cashback.
Cashbacks are provided on the transactions you make with your credit card; therefore, the more you spend, the more cashback will be rewarded to you. However, to maximize the cashback from a card, one should use the credit card for every usual purchase they make in a day.
The HDFC Bank Millennia Credit Card can be considered one of the best cashback credit cards that provides 1 complimentary domestic lounge access & 2 complimentary international lounge visits every quarter.
There are no joining or annual fees associated with the Amazon Pay ICICI Credit Card, i.e., it is lifetime free.
Yes, non-Amazon Prime members can also get a cashback of 3% on Amazon using the Amazon Pay ICICI Credit Card.

5 Comments

  1. VIJAYAKUMAR SP Reply

    The comparison chart of REWARDS & FEATURES must also HIGHLIGHT the Cash Back capping Limit & Redemption rules of each card for better clarity of the users to choose the best card.

    • Kartik Kanwar Reply

      Hello, Sir. Surely will add a table for maximum cap on cashback also.

  2. Janvi Reply

    Cashback cards which I personally consider are:
    HDFC Bank Millennia Credit Card – 5% cashback on Flipkart and Amazon
    Flipkart Axis Bank Credit Card – Rs. 500 Flipkart Voucher, 5% cashback on Flipkart, 4% cashback on Swiggy, Uber, PVR, and Cult.fit.
    Myntra Kotak Credit Card – Rs. 500 Myntra Voucher, 7.5% discount on Myntra shopping, 5% cashback on Swiggy, Swiggy Instamart, Cleartrip, Urban Company, and PVR.

  3. Nikhil Reply

    I’m glad to see a comprehensive list of best cashback credit cards in India for 2024! As a frequent traveler, I’m especially interested in the cards that offer higher cashback rates on flights and hotel bookings.

  4. preeti Reply

    Also buy IOCL fuel voucher at 2% + 5% SBI cashback credit card (total 7% profit).
    Better than SBI Simplyclick and SBI BPCL cards benefit.

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