Best Cashback Credit Cards In India 2023

In India, you can find numerous credit cards that provide cashback features, and many of these cards provide additional cashback benefits for specific spending categories. Identifying the top cashback credit card can be challenging because each one is designed to suit various requirements. Hence, selecting the most suitable credit card depends on your spending habits and patterns.

Best Cashback Credit Cards

Top 10 Cashback Credit Cards in India

Here are the top 10 cashback credit cards suitable for use as shopping cards, along with their key features:

Image Source: Axis bank

1. Axis Bank ACE Credit Card

This card serves as your daily companion, providing enhanced cashback on all your expenditures.

• Joining Fee: Rs. 499; Can be reversed by spending Rs. 10,000 within 45 days of card issuance.
• Annual Fee: Rs. 499; Gets waived if your annual spending exceeds Rs. 2,00,000.

Key Features:

• Offers a 5% cashback on bill payments.
• Provides a 4% cashback on Swiggy, Zomato, and Ola.
• Gives you a 2% cash back on all other transactions.
• Grants 4 complimentary lounge visits per calendar year at select domestic airports.
• Offers a 1% fuel surcharge waiver.
• Allows you to enjoy up to 20% off at over 4,000 partner restaurants in India.
• Permits you to convert purchases worth Rs. 2,500 or more into EMIs.

Image Source: Axis bank

2. Flipkart Axis Bank Credit Card

 This card provides boundless accelerated cashback on every credit card transaction in your preferred categories, encompassing travel, shopping, entertainment, and lifestyle.

• Joining Fee: Rs. 500.
• Annual Fee: Rs. 500; Automatically waived if your yearly spending exceeds Rs. 2,00,000.

Key Features:

•  Receive joining and activation benefits valued at Rs. 1,100.
• Earn a 5% cashback on Flipkart.
• Get a 4% cashback on selected merchants.
• Enjoy a 1.5% cashback on all other spending categories.
• Receive 4 complimentary lounge visits each calendar year at designated domestic airports.
• Benefit from a 1% fuel surcharge waiver.
• Avail of up to 20% discounts at partnered restaurants in India.
• Have the option to convert purchases of Rs. 2,500 or more into convenient EMIs.

Image Source: HSBC 

3. HSBC Cashback Credit Card

This internationally recognized credit card offers the convenience of contactless payments along with limitless cashback on all your transactions.

Joining Fee: None.

Annual Fee: The first-year annual fee is waived for all cards issued between January 1 and September 30, 2022. From the second year onwards, it’s Rs. 750, but this fee is refunded for total annual spending exceeding Rs. 1,00,000.

Key Features:

It’s an unrestricted cashback credit card, ensuring cashback on all your transactions.

You’ll receive 1.5% cashback on all online expenditures, excluding fund transfers to online wallets.

• For all other spending, you’ll get 1% cashback.
• This card comes with no joining fees.
• Additional perks include Amazon and Swiggy vouchers worth Rs. 500 each, a 12-month SonyLIV membership, and Myntra vouchers worth Rs. 1,500, Ajio vouchers worth Rs. 3,000, and enticing discounts on Amazon.in, Amazon Pay, EazyDiner, Blinkit, and PharmEasy.
• Furthermore, you’ll be able to enjoy 3 complimentary lounge access at domestic and international airports or 3 meal vouchers for use at airport restaurants in India.

Image Source: HDFC Bank

4. HDFC Millennia Credit Card

 This credit card in India is among the top-tier cashback options, offering a 5% cashback on popular brands and providing complimentary access to domestic airport lounges annually.

• Joining Fee: Rs. 1,000 + applicable taxes
• Annual Fee: Rs. 1,000 + applicable taxes; This fee is forgiven if you spend Rs. 1,00,000 or more in a year before your card’s renewal date.

Key Features:

• You’ll receive a welcome benefit of 1000 Cash Points upon paying the membership fee.
• Enjoy a 5% cashback on purchases from Amazon, Flipkart, Myntra, BookMyShow, Cult. fit, Sony LIV, Swiggy, Zomato, Tata CLiQ, and Uber.
• For all other expenses (excluding fuel), including EMIs and wallet transactions, you’ll earn a 1% cashback.
• When you spend Rs. 1,00,000 or more in each calendar quarter, you’ll receive gift vouchers worth Rs. 1,000.
• Access up to a 20% discount at partner restaurants through Dineout.
• You are entitled to 8 complimentary visits to domestic airport lounges per calendar year, with a limit of 2 per quarter.
• Enjoy a 1% fuel surcharge waiver at all fuel stations in India.
• Spend Rs. 1 lakh or more in the preceding 12 months, and your membership fee for the next year will be waived during renewal.

Image Source: HDFC Bank

5. HDFC Bank MoneyBack Credit Card

This HDFC credit card is recognized as one of the finest choices for cashback. It is particularly suitable for individuals seeking to earn rewards or cash points on both their in-store and online expenditures.

• Joining Fee: Rs. 500 + applicable taxes.
• Annual Fee: Rs. 500 + applicable taxes. This fee is exempted when you spend Rs. 50,000 or more in the initial year.

Key Features:

•  You’ll earn 2 Reward Points for every Rs. 150 spent (excluding fuel transactions, wallet top-ups, prepaid card loads, and voucher purchases).
• Online spending is doubly rewarding, providing you with 4 Reward Points for every Rs. 150 spent.
• Receive a gift voucher worth Rs. 500 each quarter for spending Rs. 50,000 (up to Rs. 2,000 worth of gift vouchers in a year).
• Enjoy a 1% fuel surcharge waiver (maximum Rs. 250 per statement cycle) on fuel transactions ranging from Rs. 400 to Rs. 5,000.
• As a welcome benefit, you’ll receive 500 Cash Points upon payment of the membership fee.
• If you spend Rs. 50,000 or more in the first year, your renewal membership fee will be waived.

Image Source: Citi Bank

Also Read: THESE BANKS CREDIT CARDS OFFERS HIGHEST DISCOUNT IN BIG BILLION SALE 2023

6. Citi Cash Back Credit Card

Acquire perpetual cash back benefits with the Citi Cash Back Credit Card, alongside other advantages such as cashback on every expenditure, effortless redemption, savings of up to 20% at affiliated restaurants, and more.

• Joining Fee: Rs. 500 + GST.
• Annual Fee: Rs. 500 + GST.

Key Features:

• Enjoy a 5% cashback on payments for telephone and utilities, as well as movie ticket purchases.
• Receive a 0.5% cashback on all other transactions.
• Cashback is automatically applied to your statement in increments of Rs. 500.
• Your unused cashback never expires.
• Access benefits valued at Rs. 3,600 during the initial year.
• Redeem your cashback without any complications.
• Take advantage of savings of up to 20% at participating restaurants.

Image Source: Standard Chartered

7. Standard Chartered Manhattan Platinum Credit Card

This credit card in India provides cashback benefits when shopping at supermarkets, coupled with triple rewards on all expenditures and a variety of discounts and deals at affordable joining and renewal fees.

• Joining Fee: Rs. 999 + GST.
• Annual Fee: Rs. 999 + GST.

Key Features:

•  Receive a 5% cashback when purchasing at supermarkets.
• Earn three times the rewards when using this credit card for all other expenses.
• You can redeem your reward points for exciting products through the 360 Degree Rewards portal.
• Avail of discounts, including up to 15% off on e-vouchers and Tata Cliq, a 20% discount at BookMyShow, and up to a 25% instant discount at Easymytrip, in addition to a range of other offers and savings.
• Convert any of your credit card transactions exceeding Rs. 5,000 into convenient EMIs using the Kuch Bhi on EMI (KBE) feature.
• You can also transfer your credit card balance from another bank’s credit card, up to Rs. 5 Lakhs, at an attractive interest rate.

Image Source: SBI Card

8. Cashback SBI Card

SBI’s cashback credit card provides a generous 5% cashback on all online expenses and 1% cashback on offline transactions. Moreover, you can enjoy these benefits completely free in the first year, as there is no joining fee.

• Joining Fee: None.
• Annual Fee: Rs. 999 + taxes; This fee is refunded when your annual spending exceeds Rs. 2,00,000 in the previous year.

Key Features:

• Experience all the privileges at no cost during the initial year.
• Receive a substantial 5% cashback on all online purchases, without any limitations on merchants.
• Gain a 1% cashback on all offline transactions and utility bill payments.
• Your cashback is automatically credited to your SBI Card account within 2 days after your next statement is generated.
• The renewal fee is waived when your annual spending reaches Rs. 2 Lakhs.
• You are entitled to 4 complimentary lounge visits each year (1 visit per quarter) at selected domestic airports.
• Additionally, you enjoy a 1% fuel surcharge waiver at all petrol stations in India.

Image Source: YES Bank

9. YES Prosperity Cashback Plus Credit Card

 With the YES Prosperity Cashback Plus Credit Card, you can earn additional cashback on your regular transactions and automatically apply that cashback as a statement credit.

• Joining Fee: Rs. 1,499 + applicable taxes.
• Annual Fee: Rs. 1,499 + applicable taxes.

Key Features:

• Upon setting up the card, receive a welcome benefit of Rs. 250 cashback for total spending of Rs. 2,500 within 30 days.
• Get a 5% cashback on expenditures for movies, grocery shopping, and utility bill payments.
• Earn a 5% cashback on bill payments made using YES PayNow.
• For all other transactions (excluding fuel), you’ll receive a 0.75% cashback.
• Enjoy a 1% fuel surcharge waiver at all fuel stations in India for transactions ranging from Rs. 400 to Rs. 5,000.
• Convert transactions of Rs. 2,500 or more into 3 to 24 EMIs.
• Additionally, there is a Credit Shield Cover in the event of the Primary member’s accidental death.

Image Source: Kotak Bank

10. Kotak Delight Platinum Credit Card

This credit card enhances your enjoyment of entertainment, dining out, and travel by providing unmatched cashback, surcharge waivers, and an array of other advantages.

• Joining Fee: Rs. 1,999 + GST.
• Annual Fee: Rs. 299 + GST.

Key Features:

• Receive a 10% cashback (up to Rs. 600) on dining (at standalone outlets) and movie expenses each month, provided you spend a minimum of Rs. 10,000 in categories other than dining and entertainment within the billing cycle.
• Enjoy up to Rs. 4,500 in fuel surcharge waivers during a calendar year.
• Benefit from a railway surcharge waiver (up to Rs. 500 in a calendar year) for transactions on www.irctc.co.in and Indian Railways Booking Counters.
• By spending Rs. 1,25,000 every 6 months, you can earn 4 free PVR tickets (up to 8 free PVR tickets in a year) or Rs. 750 in cashback (up to Rs. 1,500 cashback in a year).
• If your card is stolen, you’ll have coverage of Rs. 1,25,000 against fraudulent use for up to 7 days before reporting.

Conclusion:

Thus, a cashback credit card offers bеnеfits to individuals rеgardlеss of their card usagе. Thе kеy is to sеlеct a card that aligns with your spеnding pattеrns. Sincе most cashback crеdit cards offеr maximum rеwards in spеcific categories, it’s crucial to idеntify thе catеgoriеs whеrе you most frеquеntly spеnd to fully capitalizе on thе card’s advantagеs. Additionally, you should compare thеsе cards considеring othеr aspеcts such as travеl, moviе, dining, and fuеl bеnеfits. One of the most significant advantages of a cashback credit card is its straightforward and hasslе-frее rеdеmption process. Unlikе rеwards crеdit cards, which oftеn involvе intricatе and timе-consuming rеdеmption procеssеs, cashback is typically automatically crеditеd to your account. Furthеrmorе, cashback cards arе cost-еffеctivе and usеr-friеndly, providing another compеlling rеason to consider having onе. If you’rе knowlеdgеablе about your spеnding habits, takе thе timе to find thе right cashback credit card that suits your nееds.