Top 5 Cashback Credit Cards in India

In the fast-paced world of today, where every penny counts, consumers are always on the lookout for ways to make their money work harder for them. One such smart financial tool that has gained immense popularity in India is the cashback credit card. These cards not only make spending more rewarding but also bring a smile to your face with every transaction, thanks to the delightful returns in the form of cashback. Whether you're a shopaholic, a frequent diner, or someone who loves to travel, there's a cashback credit card out there that's perfect for you. But selecting the one that perfectly aligns with your spending habits can be a challenge.  

This blog simplifies your decision-making process by presenting the top 5 cashback credit cards in India. We'll dive into the finer points of each card, such as annual fees, cashback rates, and reward categories, so you can select the one that maximises your savings and aligns with your budget.

Top 5 Cashback Credit Cards in India

1. SBI Cashback Credit Card
2. Axis Bank Ace Credit Card
3. HDFC Moneyback+ Credit Card
4. HSBC Cashback Credit Card
5. Amazon Pay ICICI Credit Card

1. SBI Cashback Credit Card

Joining and Annual Fees: ₹999

Key Features:

• 5% cashback on online spending without any merchant restriction
• 1% cashback on offline spending 
• Reversal of renewal fee on annual spends of ₹2 lakh
• 1% fuel surcharge waiver across all petrol pumps in India and more

Read more about the SBI Cashback Credit Card.

2. Axis Bank Ace Credit Card

Joining and Annual Fees: ₹499

Key Features: 

• 5% cashback on utility bill pay, mobile and DTH recharge on Google Pay
• 4% cashback on Swiggy, Zomato and Ola
• 1.5% cashback on all other spending
• 4 lounge access on spending a minimum ₹50,000 in the previous 3 calendar months
• 1% fuel surcharge waiver on fuel purchases at all fuel stations across India
• 15% off at 4,000+ partner restaurants via EazyDiner and more

Read more about Axis Bank Ace Credit Card.

3. HDFC Moneyback+ Credit Card

Joining and Annual Fees: ₹500

Key Features:

• 10X cashPoints on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore & Swiggy
• 5X cashPoints on EMI spends at merchant locations
• 2 cashPoints per ₹150 spent on other spends (excluding fuel, wallet loads/prepaid card loads & voucher purchases)
• ₹500 gift voucher on spends on ₹50,000 per calendar quarter
• Up to 20% discount on partner restaurants via Swiggy Dineout and more

Read more about HDFC Moneyback+ Credit Card.

4. HSBC Cashback Credit Card

Joining and Annual Fees: ₹999

Key Features:

• 10% accelerated cashback on all dining, food delivery, and grocery spends (capped up to ₹1,000 per billing cycle)
• 1.5% unlimited cashback on all other spends (exclusions apply)
• 4 complimentary domestic lounge visits per year (1 per quarter)
• Annual membership fees of ₹999 will be reversed if your total annual spend exceeds ₹2,00,000 or more

Read more about the HSBC Cashback Credit Card.

5. Amazon Pay ICICI Credit Card

Joining and Annual Fees: Lifetime Free

Key Features:

• Lifetime free card with no annual fee
• 5% cashback on Amazon purchases for Amazon Prime members
• 3% cashback on Amazon purchases for Non-Prime members
• 2% cash back at 100+ Amazon Pay Partner merchants
• 1% back for all other payments
• No limits and no expiry date on earnings 

Read more about the Amazon Pay ICICI Credit Card.

Conclusion

To sum up, the appropriate cashback credit card can be a valuable asset in your financial toolbox, enabling you to make the most of every rupee. By carefully assessing the advantages of each card against your spending habits, you can ensure that every credit card swipe not only gets you closer to your financial objectives but also makes your transactions a little more enjoyable.