Best Credit Cards for Cashback in India (2024)

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Best Credit Cards for Cashback in India (2024)

Credit cards offering cashback are an excellent way to save money on everyday expenses. Many banks and financial institutions in India provide credit cards tailored to different spending habits, allowing customers to earn cashback on groceries, fuel, dining, online shopping, and more. Here’s a list of the best cashback credit cards in India and their features.

1. HDFC Millennia Credit Card

This card is ideal for millennials who frequently shop online.
Features:

  • 5% cashback on Amazon, Flipkart, and other major online platforms.
  • 1% cashback on all offline spends.
  • Waiver of the annual fee on spending ₹1 lakh in a year.
    Annual Fee: ₹1,000 (waived on milestone achievement).

2. SBI SimplyCLICK Credit Card

A perfect choice for online shoppers.
Features:

  • 10X reward points for spending on partner e-commerce sites like Amazon and Cleartrip.
  • 1% fuel surcharge waiver.
  • Convert big purchases into EMIs easily.
    Annual Fee: ₹499 (waived if annual spend exceeds ₹1 lakh).

3. Axis Ace Credit Card

Designed for people who prefer cashback on essential expenses.
Features:

  • 5% cashback on utility bill payments and food delivery apps like Swiggy.
  • 4% cashback on online and offline spends via Google Pay.
  • 2% cashback on other transactions.
    Annual Fee: ₹499.

4. Amazon Pay ICICI Bank Credit Card

Great for frequent Amazon shoppers.
Features:

  • 5% cashback for Amazon Prime members and 3% for non-members.
  • 1% cashback on other spends.
  • No annual fee or joining fee.
    Annual Fee: ₹0 (Lifetime free).

5. Flipkart Axis Bank Credit Card

Perfect for Flipkart loyalists and frequent online shoppers.
Features:

  • 5% cashback on Flipkart and Myntra.
  • 4% cashback on preferred merchants like Swiggy, Uber, and PVR.
  • 1.5% cashback on all other spends.
    Annual Fee: ₹500.

6. Standard Chartered Super Value Titanium Credit Card

Ideal for those who spend on fuel and utility bills.
Features:

  • 5% cashback on fuel purchases and utility bill payments.
  • Reward points for other spends.
  • Annual fee waiver if spending exceeds ₹60,000 annually.
    Annual Fee: ₹750.

Factors to Consider When Choosing a Cashback Credit Card

  1. Spending Habits: Opt for a card that aligns with your regular spending categories like shopping, dining, or fuel.
  2. Annual Fees: Ensure the cashback benefits outweigh the annual fees.
  3. Joining Perks: Many cards offer welcome benefits like bonus cashback or vouchers.
  4. Terms and Conditions: Look for limits on cashback earnings and redemption policies.

Conclusion

Choosing the right cashback credit card depends on your spending habits and preferences. Cards like Amazon Pay ICICI and Flipkart Axis Bank are excellent for online shoppers, while HDFC Millennia and Axis Ace cater to broader spending needs. Compare the features and annual fees to select the card that maximizes your savings.

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