By Ankur Mittal
Updated On October 12, 2021

Most people use credit cards to have more financial stability. But, there are many people who use credit cards not only 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.

Who doesn’t want to save on their spends? You might also be looking to apply for a cashback credit card that can get you the maximum benefit. If yes, you are at the right place. 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 & top best cashback credit cards in India:

Premium Cashback Cards

HDFC Millennia Credit Card

HDFC Bank Millennia Credit Card

Welcome Benefits

1,000 CashPoints as a Welcome Benefit.

Rewards Rate

5% cashback back (as CashPoints) at select partner online merchants and 1% cashback (as CashPoints) on all other spends (except fuel)

Joining Fees

Rs. 1,000 (plus applicable taxes)

The HDFC Bank Millennia Credit Card is a cashback credit card issued by the HDFC bank with an aim to provide 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.

Read more about the card here.

Axis Bank ACE Credit Card

Axis Bank ACE Credit Card

Welcome Benefits

N/A

Rewards Rate

5% cashback on bill payments & recharges via Google Pay, 4% cashback on Zomato, Swiggy & Ola, 2% cashback on all other spends.

Joining Fees

Rs. 499 + GST

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

  • Complimentary airport lounge access.
  • Up to 20% off on dining through the Axis Bank Dining Delights Programme.
  • Spend-based annual fee waiver.
  • 1% fuel surcharge waiver.

Read more about the card here.

Citibank Cashback Credit Card

Citi Cash Back Credit Card

Welcome Benefits

NA

Rewards Rate

0.5% cashback on all spends and a 5% cashback on telephone bills, movie tickets, and utility bill payments.

Joining Fees

Rs. 500 (plus applicable taxes)

The Citibank Cashback Credit Card is aimed at providing exciting cashback benefits to its customers. With this card, you don’t only earn cashback on your regular spends, but you also get several other exclusive benefits. Some of its additional advantages are as follows:

  • A cashback of up to Rs. 3,000 on rent payments through RedGirraffe.
  • Up to 20% discount on dining.
  • A 1% fuel surcharge waiver.
  • Up to 50% off on homecentre.

Read more about the card here.

Standard Chartered Super Value Titanium Credit Card

Standard Chartered Super Value Titanium Credit Card

Welcome Benefits

Cashback of up to 1,500 on fuel transactions within first 90 days.

Rewards Rate

You get up to 5% cashback on fuel transactions, utility bills payments, telephone bills and 1 reward point on every Rs 150 spent on other categories

Joining Fees

Rs. 750 plus applicable taxes
Nil (for premium banking customers)

The Standard Chartered Super Value Titanium Credit Card earns you cashback on all your spends and accelerated cashback on selected categories, including fuel, groceries, utility bill payments, etc. Other than its cashback offers, the following are some of the additional benefits of the card:

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

Read more about the card here.

Indusind Bank Pinnacle World Credit Card

Indusind Pinnacle Credit-Card

Welcome Benefits

Choose any of these options: A complimentary night stay at Oberoi hotels, a Luxe gift card, or gift vouchers from brands like BATA, Vero Moda, ALDO, Titan, etc.

Rewards Rate

Earn 2.5 reward points on every Rs 100 spent online, 1.5 reward points on every Rs 100 on online travel and flight bookings,  1 RP on every Rs 100 spent on every other purchase.

Joining Fees

Rs 12,999/- plus applicable taxes

The Indusind Bank Pinnacle World Credit Card is a premium cashback card that comes with exclusive cashback offers and other benefits. With this card, you can get up to 2.5% value back on your spends in the form of Reward Points that are redeemable against various exciting options. Other than the Reward Points, the following are some of the additional benefits of the card:

  • Exclusive shopping/hotel gift vouchers as welcome gift
  • Complimentary airport lounge access.
  • Complimentary Priority Pass membership.
  • Buy 1 get 1 free offer on movies on BookMyShow.
  • Complimentary golf lessons.

Read more about the card here.

Co-branded Cashback Credit Cards

Amazon Pay ICICI Credit Card

Amazon Pay ICICI Bank Credit Card

Welcome Benefits

Rs. 300 to Rs. 600 Amazon Pay Balance (keeps changing)

Rewards Rate

5% cashback on Amazon India for Prime members and 3% cashback for Non-Prime members, 2% cashback on partner merchants accepting Amazon Pay, 1% cashback on all other payments except fuel purchases

Joining Fees

Nil

As suggested by its name, The Amazon Pay ICICI Bank Credit Card provides exclusive cashback offers on shopping through Amazon. But, it doesn’t mean that you do not get rewarded for your other spends. You get a cashback on all your purchases with this card. There are several more advantages of the card, some of which are as follows:

  • No joining/annual fee.
  • Extra cashback for Amazon Prime members.
  • A minimum of 15% discount on dining through the ICICI Bank Culinary Treats programme.
  • A 1% fuel surcharge waiver.

Read more about the card here.

Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card

Welcome Benefits

Welcome benefit worth Rs. 2,500 on card issuance, benefit of up to Rs. 900 on Gaana app (Gaana Plus membership worth Rs. 1,299 for Rs. 399), discounts and cashback on first transaction on Myntra, The Phy Life and Plum Goodness

Rewards Rate

5% cashback on Flipkart and Myntra, 4% cashback on prefered partners (Swiggy, Uber, PVR and cure.fit) and 1.5% cashback on all other spends.

Joining Fees

Nil

The Flipkart Axis Bank Credit Card is issued by the Axis Bank in partnership with Flipkart to provide its customers with exclusive cashback benefits on all their spends. With this card, you get accelerated cashback on online shopping through Myntra, Flipkart, etc. There are various other advantages you can avail of with this card. Following are a few of them:

  • Welcome benefits worth Rs. 2,900.
  • Complimentary airport lounge access.
  • Exciting discount offers on dining through the Axis Bank Dining Delights programme.
  • A 1% fuel surcharge waiver.

Read more about the card here.

Paytm SBI Card SELECT

Paytm SBI Credit Card Select

Welcome Benefits

Get a Complimentary Paytm First Membership is provided on card activation as welcome offer. Welcome Cashback of Rs 750 is provided to the card holder upon activation of the credit card in your Paytm wallet.

Rewards Rate

5% cashback on Paytm Mall, Movies, Travel. 2% cashback on all other purchases on Paytm App. 1% cashback on other online and offline spends.

Joining Fees

Rs 1,499 plus GST

The Paytm SBI Card SELECT is issued by the SBI Card in a partnership with Paytm to allow its customers to avail of maximum benefit through online shopping on the Paytm mall & Paytm app. With this card, you can avail of various benefits along with the cashback offers. Some of its more advantages are mentioned below:

  • Complimentary Paytm First membership.
  • A cashback of Rs. 750 as a welcome gift.
  • Gift vouchers worth up to Rs. 4,000 under its milestone benefits.
  • Complimentary airport lounge access.
  • A 1% fuel surcharge waiver.

Read more about the card here.

RBL Bank Edition Credit Card

RBL Bank Edition Credit Card

Welcome Benefits

Complimentary Zomato pro membership.

Rewards Rate

10 Edition Cash for every Rs. 100 spent on Zomato, 2 Edition Cash for every Rs. 100 spent online and on all other food purchases, 1 Edition Cash/Rs. 100 on all other spends.

Joining Fees

Rs. 1,499 + GST

The RBL Bank Edition Credit Card earns you cashback in the form of Edition Cash on all your spends. With this card, you get accelerated Edition cash for your spends on food purchases on Zomato. Along with its cashback offers, the card provides several exclusive benefits that make it a great choice to have. Some of its more benefits are as mentioned below:

  • Complimentary Priority Pass membership.
  • Complimentary airport lounge access.
  • Complimentary Zomato Pro membership.
  • Buy 1 get 1 free offer on movie tickets.
  • Low foreign currency markup fee.

Read more about the card here.

ICICI Bank HPCL Super Saver Credit Card

ICICI Bank HPCL Super Saver Credit Card

Welcome Benefits

2,000 PAYBACK Points on realization of membership fee within 2 months and expenditure of a minimum of Rs. 5,000 within the first 45 days of card set up; Rs. 100 cashback on HP Pay app on first transaction of Rs. 1,000 or above made via the app.

Rewards Rate

4% cashback on fuel purchases at all HPCL stations, 5% cashback as PAYBACK points on utility and departmental store purchases, 2 PAYBACK points per Rs. 100 spent for all other domestic and international transactions.

Joining Fees

Rs. 500 (plus applicable taxes)

The newly launched card, ICICI Bank HPCL Super Saver Credit Card is issued by the bank in partnership 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.

Read more about the card here.

Other Cashback Credit Cards

Standard Chartered DigiSmart Credit Card

Welcome Benefits

Rewards Rate

Up to 20% off on shopping at partner brands and up to 25% off on travel-related spends on partner brands

Joining Fees

Rs. 49

The Standard Chartered DigiSmart Credit Card is another exclusive cashback credit card that can earn you cashback up to 20% on your spends. It provides you cashback on all your purchases and accelerated cashback on your spends on Myntra, Grofers, Ola, Zomato, etc. More of the card’s benefits include:

  • Buy 1 get 1 free on movie tickets on INOX.
  • Up to 25% discount on Yatra.com.
  • Spend-based waiver of the monthly membership fee.

Read more about the card here.

HSBC Cashback Credit Card

HSBC Cashback credit card

Welcome Benefits

Amazon voucher worth Rs. 500 and 3 complimentary domestic lounge access

Rewards Rate

1.5% cashback on online spends and 1% cashback on all other spends.

Joining Fees

Nil

The HSBC Cashback Credit Card comes with great cashback offers on all your spends and accelerated cashback on spends on selected categories, such as Swiggy, Amazon, etc. 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 1 get 1 free offer on movies on Saturdays through BookMyShow.
  • Complimentary Airport lounge access.
  • Up to 15% instant discount on selected products on Tata Cliq.
  • Spend-based annual fee waiver.

Read more about the card here.

YES Prosperity CashBack Plus Credit Card

YES Prosperity Cashback Plus Credit Card

Welcome Benefits

A cashback of Rs. 250 on spending Rs. 2500 within the first 30 days.

Rewards Rate

0.75% cashback on all retail spends, 5% cashback on movies & groceries.

Joining Fees

Rs. 1,499 (plus applicable taxes)

As the name suggests, the YES Prosperity Cashback Plus Credit Card is aimed at providing exclusive cashback offers to its customers to let them save more on their spends. Although the card is best suited for cashback, it has several other benefits as well. You can save a lot through the card’s benefits, which include:

  • A cashback of Rs. 250 as a welcome gift.
  • Low foreign currency markup fee.
  • A 1% fuel surcharge waiver.
  • Exclusive insurance benefits, such as Credit shield cover.

Read more about the card here.

Rewards & Features

Credit Card Best Suited For Key Features Other Features
HDFC Millennia Credit Card Shopping on Amazon & Flipkart, and Flight & hotel bookings on PayZapp & Smartbuy. 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.
2 complimentary domestic lounge access every quarter.
2 complimentary international 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.
Citibank Cashback Credit Card Movie tickets & telephone/utility bill payments 5% cashback on movie tickets and utility/telephone bill payments.
0.5% cashback on all other spends.
Up to 20% discount on dining at several participating restaurants.
1 Reward Point per Rs. 150 spent on all other categories.
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
Indusind Bank Pinnacle World Credit Card E-commerce transactions 2.5% value back on E-commerce transactions.
1.5% value back on E-Commerce travel & airline spends.
1% value back on E-com utility transactions, IVR transactions, PoS, MoTo, etc.
Complimentary Priority Pass membership.
1 complimentary domestic lounge access every quarter.
Buy 1 get 1 free offer on movie tickets.
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, Myntra & 2GUD A cashback of 5% on Myntra, Flipkart & 2GUD.
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.
Paytm SBI Card SELECT Shopping on Paytm mall & Paytm app 5% cashback on movies & travel spends on Paytm mall.
2% cashback on other spends on the Paytm app.
1% cashback on all other spends.
Complimentary Priority Pass membership.
4 complimentary domestic lounge access every year.
RBL Bank Edition Credit Card Food purchases & dining on Zomato 10% value back on dining or food purchases on Zomato.
2% value back on other online or food purchases.
1% value back on all other spends.
Complimentary Zomato Pro membership.
But 1 get 1 free offer on movie tickets.
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.
Standard Chartered DigiSmart Credit Card  Shopping on Myntra, Grofers & Zomato A discount of 20% on Myntra.
15% cashback on bookings on Ola.
10% discount on Zomato & Grofers.
Up to 2 free movie tickets every month through INOX.
HSBC Cashback Credit Card Spends on Swiggy & Amazon 20% cashback on Swiggy.
5% cashback on Amazon India.
1.5% cashback on all other online spends.
1% cashback on all other spends.
3 complimentary domestic lounge access.
Buy 1 get 1 free offer on movie tickets.
YES Prosperity CashBack Plus Credit Card Movie tickets, groceries & bill payments 5% cashback on utility bill payments, groceries, and movies.
0.75% cashback on all other spends.
A cashback of Rs. 250 as a welcome benefit.

Annual Fee

Credit Card Annual Fee Annual Fee Waiver Condition (spends within 1 year)
HDFC Millennia Credit Card Rs. 1,000 Rs. 1,00,000 or more
Axis Bank ACE Credit Card Rs. 499 Rs. 2,00,000 or more
Citibank Cashback Credit Card Rs. 500 NA
Standard Chartered Super Value Titanium Credit Card Rs. 750 Rs. 90,000 or more
Indusind Bank Pinnacle World Credit Card Nil NA
Amazon Pay ICICI Credit Card Nil NA
Flipkart Axis Bank Credit Card Rs. 500 Rs. 2,00,000 or more
Paytm SBI Card SELECT Rs. 1,499 NA
RBL Bank Edition Credit Card Rs. 1,499 Rs. 2,50,000 or more
ICICI Bank HPCL Super Saver Credit Card Rs. 500 Rs. 1,50,000 or more
Standard Chartered DigiSmart Credit Card  Rs 49 (monthly) Rs. 5,000 or more in the previous month
HSBC Cashback Credit Card Rs. 750 Rs. 1,00,000 or more
YES Prosperity CashBack Plus Credit Card Rs. 1,499 NA

How Do Cashback Credit Cards Work?

The cashback credit cards allow you to save a percentage of what you spend every time you make a purchase. These 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 how cashback credit cards work, and how different cards can be beneficial for different people according to their shopping habits.

Difference Between Rewards & Cashback Credit Cards

Rewards Credit Cards Cashback Credit Cards
The Rewards Credit cards earn you Reward Points on your spends made using the card. The Cashback Credit Cards earn 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 credit 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.

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 cash back, you might think of having a cashback credit card. But, it is always confusing which credit card to choose? Which one will earn you maximum benefit? If you are also going through the same questions in your mind, we are here with the answers & options for you. 

The first thing you need to understand before choosing a cashback credit card is your shopping habit. 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 credit card wisely.

Benefits Of Cashback Credit Cards

  • Cashback credit cards let you save up to 20% or even more on your spends.
  • You have the independence to use your earned cashback where ever you want once it is credited to your account.
  • Most cashback credit cards are affordable for everyone as they generally come with a low joining fee.
  • Easy to use as you don’t need to go through any redemption process unlike that of the reward cards.

Bottom Line

Cashback Credit Cards 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 cashback 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 maximum benefit out of your cashback credit card. Moreover, cashback credit 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.

FAQs:

Following 2 credit cards are the best that can earn you cashback on Ola bookings:

  • Standard Chartered DigiSmart Credit Card – 15% cashback on bookings on Ola.
  • Axis Bank ACE Credit Card – 4% cashback on bookings on Ola.

The HDFC Bank Millennia Credit Card is a cashback card that provides 2 complimentary domestic lounge access & 2 complimentary international lounge access every quarter.

Following cashback credit cards come with no annual fee:

  • Indusind Bank Pinnacle World Credit Card (No annual fee but a joining fee of Rs. 12,999).
  • Amazon Pay ICICI Credit Card (No joining/annual fee).

For online shopping on Myntra, the following two cards are the best:

  • Standard Chartered DigiSmart Credit Card – 20% cashback on Myntra.
  • Flipkart Axis Bank Credit Card – 5% cashback on Myntra.

Yes, non-Amazon Prime members can also get a cashback of 3% on Amazon using the Amazon Pay ICICI Credit Card.

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