Cashback is the real value that people seek on their spending. What is the better way to get benefit than securing cashback on your spending through credit cards? Cashback has become popular as you get the cash back rather than getting rewarded in points that can be redeemed later. Check out the best cashback credit card options here in this guide.
See also: See also: Best hotel credit cards to choose from
Cashback SBI Card
(Source: SBI)
Fees and charges
The joining fee for this card is Rs 999. The annual renewal fee every year is Rs 999, which may be reversed if the annual spends for the previous year is more than Rs 2 Lakh.
Features
- 5% cashback on online spends without any merchant restriction
- 1% cashback on offline spends. Note, cashback is not applicable on merchant EMI and Flexipay EMI transactions and on categories, such as utility, insurance, fuel, rent, wallet, school and educational services, jewellery, railways, etc.
See also: Rent payment online
Paytm SBI SELECT Credit Card
This is co-branded credit card between Paytm and SBI.
(Source: SBI)
Fees and charges
The joining fee is Rs 1,499. The yearly renewal fee will be Rs 1,499.
Features
- Welcome offer includes benefits up to Rs 75,000 with a complimentary Paytm First Membership
- Get Rs 750 cashback in your Paytm Wallet
- 5% cashback on Paytm Mall, movies, and travel
- 2% cashback on all other purchases on Paytm App
- 1% cashback on any other spends across offline and online stores
- A voucher of Rs 2,000 on retail spends of Rs 4 Lakh in a year
- A voucher of Rs 4,000 on retail spends of Rs 6 Lakh in a year
- Complimentary priority passes worth $99 for the first two years of cardholder membership
- Complimentary four domestic airport lounge visits
- 1% fuel surcharge waiver for each transaction between Rs 500 and Rs 4,000
Swiggy HDFC Bank Credit Card
(Source: HDFC Bank)
Fees and charges
The joining fee is Rs 500 plus applicable charges. The yearly renewal fee will be Rs 500, which will be waived off on annual spends greater than Rs 2 Lakh in the previous year.
Features
- 10% cashback on Swiggy application, including food ordering, Instamart, Dineout, and Genie
- 5% cashback on online spends across online MCCs.
- 1% cashback on other categories.
- Complimentary Swiggy One membership for three months on card activation, as per the latest Reserve Bank of India guidelines
HDFC Millennia Credit Card
(Source: HDFC Bank)
Fees and charges
The joining fee is Rs 1,000 plus taxes. The yearly renewal fee will be Rs 1,000, which will be waived off on annual spends greater than Rs 1 Lakh in the previous year.
Features
- 5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato
- 1% cashback on all other spends (except fuel), including EMI and wallet transactions
- Rs 1,000 worth gift vouchers on spending Rs 1 Lakh and above in each calendar quarter
- Up to 20% discount on partner restaurants via Swiggy, Dineout
Axis Bank ACE Credit Card
(Source: Axis Bank)
Fees and charges
The joining fee is Rs 499, which may be waived off on spends greater than Rs 10,000 within 45 days of card issuance. The yearly renewal fee will be Rs 499, which will be waived off on annual spends greater than Rs 2 Lakh in the previous year.
Note, rent transactions and wallet load transactions will not be counted as spends for availing the annual fee waiver.
Features
- 5% cashback on bill payments (electricity, internet, gas etc.), DTH and mobile recharges on GPay
- 4% cashback on Swiggy, Zomato, and Ola
- 2% cashback on all other spends
- Four complementary lounge visits per calender year at select domestic airports in India
- Up to 20% off at more than 4,000 partner restaurants in India
- 1% fuel surcharge waiver at all fuel stations
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Airtel Axis Bank Credit Card
This is a co-branded credit card between Airtel and Axis Bank.
(Source: Airtel)
Fees and charges
The fee is free for the first year. This offer is valid till August 31, 2023. After August 31, 2023, the joining fee is Rs 500.
Features
- 25%cashback on Airtel recharges and bill payments using the Airtel Thanks App
- Amazon e-voucher worth Rs 500 on first transaction made within 30 days of card issuance
- 10% cashback on Big Basket, Swiggy, and Zomato
- 10% cashback on electricity/ water/ gas bill payments via Airtel Thanks App
- 10% cashback on other spends
- Up to 15% off at partner restaurants
- Four complementary airport lounge visits per calender
- 1% fuel surcharge waiver at all fuel stations
Flipkart Axis Bank Credit Card
This is a co-branded credit card between Flipkart and Axis Bank.
Fees and charges
The joining fee is Rs 500. The yearly renewal fee will be Rs 500, which will be waived off on annual spends greater than Rs 3,50,000 in the previous year. Note, rent and wallet load transactions will not be counted as spends for availing the annual fee waiver.
Features
- Rs 1,100 joining and activation benefits
- 5% cashback on Flipkart
- 4% cashback on preferred merchants
- 5% cashback on other categories
- Four complementary lounge visits per calender year at select domestic airports in India
- 15% off up to Rs 500 at more than 10,000 partner restaurants in India
- 1% fuel surcharge waiver at all fuel stations
Amazon Pay ICICI Bank Credit Card
This is a co-branded credit card between Amazon and ICICI Bank.
Benefits
- 5% cashback on Amazon India for all Amazon Prime customers
- 3% cashback on Amazon India for all Amazon non-Prime customers
- 2% cashback on 100+ partner merchants if used the card on Amazon Pay
- 1% cashback on all other transactions
- 15% savings on dining bills at over 2,500 restaurants across India through the Culinary Treats Programme
- 1% fuel surcharge waiver at all fuel stations
YES Prosperity Cashback Plus Credit Card
Fees and charges
The joining fee is Rs 1,499 and applicable taxes. The yearly renewal fee will be 1,499 and applicable taxes.
Features
- Get cashback of Rs 250 on spending Rs 2,500 in the first 30 days of card issuance
- Up to 5% cashback on your movie ticket bookings and grocery shopping
- 75% cashback on all other spending except fuel
- 1% surcharge waiver for transaction between Rs 400 to Rs 5,000
- Minimum 15% discount on dining at select restaurants on your YES Bank Credit Card
FAQs
Shall I get a cashback credit card even when I have a normal credit card?
You can consider a cashback credit card if the credit card you presently have doesn’t reward you for spending.
Do cashback rewards have expiry dates?
Like reward points, there may have some clause attached with the cashback rewards. Check with the bank before you opt for a cashback credit card.
What is better – cashback, or reward points credit card?
While cashback provides you with cash, reward points offer you points on your spending. Cashback is easier to understand while reward points have calculations involved.
Do cashback credit cards have annual fees?
This depends on bank-to-bank and should be checked when you are trying to get a credit card.
What are some of the best cashback credit cards available?
Some of the best cashback credit cards include Cashback SBI Card, Paytm SBI SELECT Credit Card, Swiggy HDFC Bank Credit Card, HDFC Millennia Credit Card, Axis Bank ACE Credit Card, Airtel Axis Bank Credit Card, Flipkart Axis Bank Credit Card, Amazon Pay ICICI Bank Credit Card, and YES Prosperity Cashback Plus Credit Card.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
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