Imagine being rewarded every time you shop, dine, or pay bills. That’s the magic of cashback credit cards in India! These cards bring a touch of excitement to your spending by giving you a portion of your money back. It’s like a little bonus for your everyday purchases. No complicated points or miles—just straightforward cash rewards.
In this world of financial possibilities, cashback credit cards are the gems that put more money in your pocket. Dive in to discover how these cards can add a delightful twist to your spending habits and help you make the most of every rupee you spend.
Difference between Cashback Credit Card and Rewards Credit Card
Cashback Credit Card:
- Money Back on Expenses: Imagine getting a little bonus for every rupee you spend with this card. Spend ₹100, get ₹1 back – it’s as simple as that!
- No-Hassle Rewards: Cashback cards keep things straightforward. You earn cash, and it’s credited right to your account or as a statement credit.
- Everyday Benefits: Great for those who want something extra while buying groceries, refueling their vehicles, or paying bills.
- Spend as You Like: You can use cashback rewards for anything you want – pay bills, treat yourself, or save for later.
- No Points Puzzle: You don’t need to worry about collecting points or miles for specific programs. Cashback gives you direct money back.
Rewards Credit Card:
- Points or Miles Bonanza: These cards let you rack up points, miles, or special currency as you spend. It’s like a treasure hunt for rewards!
- Your Choice Matters: Rewards cards offer a variety of ways to spend your earned points. Travel, cool stuff, or even gift cards – you’re in control.
- Travel Delights: Many rewards cards come with exciting travel perks like free flights, hotel stays, or exclusive lounge access at airports.
- Some Complexity Ahead: Be prepared for a bit of complexity. The value of your points can vary depending on how you use them.
- Wanderlust? Go for Rewards! If you love to travel, this one’s for you. With travel perks and flexible redemption, you can explore the world your way.
- Get Creative: Your reward points can turn into almost anything – from memorable vacations to new gadgets or even a relaxing spa day.
Best Cashback Credit Cards in India (2023)
7. HSBC Cashback Credit Card
Cashback on Dining, Food Delivery, and Grocery Spends:
- With the HSBC Cashback Credit Card, you can enjoy a generous 10% accelerated cashback on all your dining, food delivery, and grocery expenses. However, this cashback is capped at INR 1,000 per billing cycle, ensuring that you earn rewards while managing your budget.
Unlimited Cashback on Other Spends:
- For all other spending categories (excluding specific exclusions), you’ll receive a consistent 1.5% unlimited cashback. This means that you continue to earn cashback rewards on various transactions, enhancing the overall value of your card.
Complimentary Domestic Lounge Visits:
- As part of your card benefits, you’ll have access to 4 complimentary domestic lounge visits per year, with 1 visit available each quarter. These visits provide you with a comfortable and relaxing experience at select airport lounges.
Annual Membership Fee Reversal:
- If your total annual spending exceeds INR 200,000, the annual membership fee of INR 999 will be reversed. This feature incentivizes higher card usage and provides potential savings on annual fees.
The HSBC Cashback Credit Card offers a combination of cashback rewards, lounge access, and annual fee benefits, making it a versatile choice for managing your expenses and enjoying various privileges.
6. Amazon Pay ICICI Bank Credit Cards
The Amazon Pay ICICI Bank Credit Card is a co-branded card created in partnership with Amazon. It’s highly recommended for its key features, including the absence of an annual fee. This card is particularly attractive to individuals in India who frequently shop on Amazon. In addition to cashback rewards, it offers various privileges, such as dining benefits, a fuel surcharge waiver, and a no-cost EMI facility.
Cashback Rewards:
- Prime Customers enjoy a generous 5% cashback on their Amazon purchases.
- Non-Prime Customers receive a substantial 3% cashback on their Amazon purchases.
- You can also earn 2% cashback on transactions with 100+ partner merchants.
- For all other transactions, you’ll receive a 1% cashback.
The Amazon Pay ICICI Bank Credit Card offers a range of benefits that cater to the needs of frequent Amazon shoppers and provides additional perks for various spending categories.
5. Standard Chartered Super Value Titanium Credit Card
Cashback on Fuel:
- You are eligible for a 5% cashback on fuel spends at all fuel stations, up to INR 200 per month (with a maximum cashback of INR 100 per transaction). This cashback applies to all transactions of INR 2,000 or below.
Cashback on Phone Bills:
- Get a 5% cashback on your telephone bills for transactions above INR 750, with a maximum cashback of INR 100 per transaction. The total cashback available per month is INR 200.
Cashback on Utility Bills:
- Receive a 5% cashback when paying your utility bills, provided the transaction amount is above INR 750. The maximum cashback per transaction is INR 100, and you can earn a maximum cashback of INR 100 per month.
Rewards on Other Spends:
- For every INR 150 spent on all other expenses using your credit card, you earn 1 reward point. These reward points can be redeemed for vouchers, discounts, and various offers available in the rewards catalog, adding value to your card usage.
4. Swiggy HDFC Bank Credit Card
This card offers a plethora of benefits in the form of cashback especially if you order a lot of food from Swiggy and buy from top online. brands.
10% Cashback on Swiggy Application (Food Ordering, Instamart, Dineout & Genie): When you use this credit card on the Swiggy application, whether it’s for ordering delicious food, shopping on Instamart, making reservations on Dineout, or utilizing Genie services, you’ll receive a generous 10% cashback. This not only elevates your dining and convenience experiences but also adds significant savings to your wallet.
5% Cashback on Online Spends Across Top Brands: Take advantage of a 5% cashback when you shop online with this card, covering a wide range of top brands. This feature enhances your online shopping adventures by offering substantial savings. A list of eligible Merchant Category Codes (MCC) is available to help you identify where you can earn this cashback. These top brands include Amazon, BookmyShow, Nykaa,PharmEasy, Netmeds, Ola and Uber.
1% Cashback on Other Categories: Even for expenses outside the specified categories, you won’t miss out on rewards. You’ll continue to receive a valuable 1% cashback on your spending, ensuring that every purchase contributes to your benefits and rewards.
Complimentary Swiggy One Membership for 3 Months: Upon activating your card, you’ll enjoy the convenience and savings of a complimentary Swiggy One Membership for 3 months. This membership, in compliance with the latest RBI guidelines, enhances your Swiggy experience by providing exclusive benefits for your food deliveries and dining experiences, making it even more enjoyable and rewarding.
3. Flipkart Axis Bank Credit Card
The Axis Bank Flipkart Credit Card is a co-branded shopping credit card offered in partnership with Axis Bank and Flipkart. It provides cardholders with a wide range of benefits and features, including cashback on transactions, airport lounge access, and fuel benefits.
Welcome Benefits:
- Cardholders can enjoy a welcome benefit of Rs. 3,300, which includes a voucher from Flipkart on their first transaction.
- Additionally, cardholders receive a complimentary 6-month membership on Gaana.com.
- Discounts are available on domestic hotel bookings with partners such as Goibibo and MakeMyTrip.
Cashback Benefits:
- 5% cashback on purchases made at Flipkart and Myntra.
- 4% cashback on purchases from preferred merchants.
- 1.5% cashback on all other spending categories.
Travel Benefits:
- Cardholders receive 4 complimentary visits to domestic airports annually.
Fuel Benefits:
- Enjoy a 1% fuel surcharge waiver at all fuel pumps across India for transactions ranging from Rs. 400 to Rs. 4,000.
Dining Benefits:
- Get a 20% discount at partner restaurants under the ‘Dining Delights’ program by Axis Bank. For a list of eligible restaurants, visit the Axis Bank website.
The Axis Bank Flipkart Credit Card offers a wide range of welcome benefits, cashback rewards, travel perks, fuel savings, and dining discounts, making it a valuable addition for avid shoppers and travelers.
2. Millenia Credit Card HDFC
The Millennia Credit Card is recognized as a top cashback credit card, known for its cashback rewards on various popular categories, making it a versatile option for prudent spenders.
Cashback Categories:
- It offers a substantial 5% cashback on transactions made with select partners, including Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato. This cashback benefit extends to a broad range of lifestyle and entertainment expenses.
- For all other spends, excluding Fuel, EMI, and Wallet transactions, you’ll receive a 1% cashback. This ensures that you continue to earn rewards on your everyday expenditures.
Quarterly Gift Vouchers:
- On achieving spends of ₹1,00,000 or more in each calendar quarter, you’ll be eligible to receive ₹1000 worth of gift vouchers. This feature adds extra value to your card usage, rewarding you for your regular spending.
Complimentary Airport Lounge Access:
- Enjoy the convenience and comfort of 8 complimentary domestic airport lounge accesses annually. This benefit enhances your travel experience by providing access to airport lounges, where you can relax and enjoy various amenities before your flight.
1. Axis Bank ACE Credit Card
The beauty of this card is that you get Cashback on Every Spend
- 5% Cashback on Bill Payments & Recharges on Google Pay: This card provides a substantial 5% cashback on bill payments and recharges made through Google Pay, offering savings on essential expenses through the convenience of digital payments.
- 4% Cashback on Swiggy, Zomato & Ola: Indulge in dining and transportation with a 4% cashback on popular platforms like Swiggy, Zomato, and Ola. This cashback feature makes your food orders and rides more cost-effective.
- 2% Cashback on Other Spends: For all other expenditures, you can earn a 2% cashback, adding value to your daily purchases and transactions.
Other Features:
- Enjoy the luxury of 4 complimentary lounge access visits at select domestic airports, enhancing your travel experience with comfort and convenience.
- Benefit from a 1% fuel surcharge waiver, making your fuel expenses more economical as you commute. This feature adds to the overall cost savings provided by the Axis Bank ACE Credit Card.
