Best Cashback Credit Card 2024

[TechnoFino]

If you don't travel a lot, cashback credit cards can be a very good option for you. Actually, credit card reward points offer great value if we use them to book travel. But if you don't travel, you have to convert those points to gift vouchers of different brands or you can convert points to statement credit. Normally, we get the lowest value per point in this case. However, there are some good credit cards available that give us statement credit directly against our spends or offer great value per point in case of statement credit conversion. In today's post, we'll discuss some of the best cashback credit cards.


1. SBI Cashback Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 999 + GST

Cashback:
5% Cashback on all online spends
1% Cashback on all other spends
Maximum cashback per statement: Rs. 5000

Exclusions: Fuel, Rent, Wallet Loading, EMI Transactions, Jewellery transactions, Educational fees payments, Utility payments, Insurance payments, gift card purchase, Railways transactions

Cashback Type: Statement Credit

2. ICICI AmazonPay Credit Card

Annual Fees: Lifetime Free Credit Card

Cashback:
5% Cashback on Amazon (Prime Members) (Unlimited Cashback)
3% Cashback on Amazon (Non-Prime Members) (Unlimited Cashback)
2% Cashback on All Bill Payment On Amazon Pay (Unlimited Cashback)
1% Cashback On All Other Transactions (Unlimited Cashback)

Exclusions: EMI, Fuel transactions

Cashback Type: Amazon Pay Balance

3. SC Smart Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 499 + GST

Cashback:
2% Cashback on online spends (Maximum cashback per statement- Rs. 1000)
1% Cashback on offline spends (Maximum cashback per statement- Rs. 500)

Exclusions: Fuel Payments

Cashback Type: Cashback Points, The cashback can be redeemed through the rewards portal of the bank i.e. R360

4. HDFC Bank Millennia Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 999 + GST

Cashback:
5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato (Maximum cashback per statement- Rs. 1000)
1% Cashback on all other spends (Maximum cashback per statement- Rs. 1000)

Exclusions: Fuel, Rent, Government Payments

Cashback Type: Cashback Points, can be redeemed as statement credit card.

5. Kotak Myntra Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 500 + GST

Cashback:
7.5% Instant discount on all spends done across Myntra Platforms (Maximum discount- Rs.750 per transaction)
5% Cashback on spends across Preferred Partners category - Swiggy, PVR, Cleartrip, Urban Company (Maximum cashback per statement- Rs. 1000)
1.25% cashback on all other spends (Unlimited Cashback)

Exclusions: Fuel, Rent, Wallet Loading, EMI Transactions

Cashback Type: Statement Credit

6. HSBC Cashback Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 999 + GST

Cashback:
10% Cashback on all dining, food delivery and grocery spends (Maximum cashback per statement- Rs. 1000)
1.5% Cashback on all other spends (Unlimited Cashback)

Exclusions: Fuel, Wallet loading, Rent, Government Payments, Toll, education payments, Insurance payments, Jewellery, gambling

Cashback Type: Statement Credit

7. Axis ACE Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 499 + GST

Cashback:
5% Cashback on bill payments on Gpay (electricity, water, gas, LPG, broadband, DTH and mobile recharges)
4% Cashback on Swiggy, Zomato and Ola
The maximum cashback you can earn from the 5% and 4% categories combined is Rs. 500 per statement.
2% Cashback On All Other Transactions (Unlimited Cashback)

Exclusions: Government payments, EMI transactions, fuel, wallet loading, purchase of jewelry items, insurance payment, educational payment, rental payments

Cashback Type: statement credit

8. Axis Flipkart Credit Card [Click here to apply for this credit card]

Annual Fees: Rs. 500 + GST

Cashback:
5% Cashback on Flipkart (Unlimited Cashback)
4% Cashback on Preferred Merchants (Cleartrip, cult.fit, Swiggy, Uber, PVR) (Unlimited Cashback)
1.5% Cashback On All Other Transactions (Unlimited Cashback)

Exclusions: Government payments, EMI transactions, fuel, wallet loading, purchase of jewelry items, insurance payment, utilities payment, educational payment, rental payments

Cashback Type: statement credit

Those are some of the best cashback credit cards available in India right now. There are some more cashback cards like Axis Airtel, HDFC Swiggy, HDFC Tata Neu, etc., but you are already getting a better credit card at more or less the same annual fees. Axis Airtel Credit card has its own problems; lots of cardholders complain about wrong cashback calculation, etc. With HDFC Swiggy credit card, you get cashback in the form of Swiggy money, which is not beneficial for everyone. The same problem exists with HDFC Tata Neu; you get neu coins against your spends, which is not beneficial for everyone. However, if it suits your requirements, you can go for those cards.

So the list is available in front of you; just select a credit card as per your spending categories and requirements and earn the highest possible cashback against your spends. If you need to apply for any of those credit cards, simply apply for that card using our link.
In my opinion, if you're cashback guy, consider getting the SBI Cashback Card for online shopping, the SC Smart Card for rent and government payments & categories typically excluded by major card issuers, and the Axis Ace for utility and offline spending.

 

[Riya]

How about Airtel Axis card?
It gives more cashback rate than Axis Ace ....

 

[TechnoFino]

How about Airtel Axis card?
It gives more cashback rate than Axis Ace ....

Axis ace for offline use... it offers 2% unlimited cashback.
Axis airtel is good for airtel and recharge

 

[ancientplayer]

What about AU LIT?? or devaluation happened??

 

[techt]

What about AU LIT?? or devaluation happened??

Yes. It's just junk now.

 

[ancientplayer]

Any credit card which offers more than 2 % cashback for wallet load??

 

[ancientplayer]

Yes. It's just junk now.

Any .pdf or something?? Website calculator at the end shows savings for 90 days in 5% cb category??

 

[SSV]

Yes. It's just junk now.

Thank GOD, they rejected my application twice for AU LIT, without even visiting office, for physical verification, citing office verification failed

 

[SSV]

Any credit card which offers more than 2 % cashback for wallet load??

You may need to look at IDFC wealth closely for this purpose.. others in contention indusind pinnacle and legend even though they don't exactly fulfill your criteria

 

[b4bhar]

Yes. It's just junk now.

Why do say so? Its gives 5% cb on all spends except fuel, rent, insurance and cash withdrawals, right? Given we enable that feature?

 

[techt]

Why do say so? Its gives 5% cb on all spends except fuel, rent, insurance and cash withdrawals, right? Given we enable that feature?

Account all the fee , it's just 3.3% and also every month hitting the same sweet spot is not possible.

 

[b4bhar]

Account all the fee , it's just 3.3% and also every month hitting the same sweet spot is not possible.

Nope. It's 3.82% (1500-353 cashback for 3 months with spends of 30k). But catch is this milestone 5% cashback is given on all retails spends irrespective of category excpet for Rent, fuel, insurance and cash withdrawals. Achieving 7.5k every month is easier as this basically includes everything like groceries, dining, apparel, food delivery, etc.
I dont see any CC giving CB on almost everything you pay for.

 

[techt]

Nope. It's 3.82% (1500-353 cashback for 3 months with spends of 30k). But catch is this milestone 5% cashback is given on all retails spends irrespective of category excpet for Rent, fuel, insurance and cash withdrawals. Achieving 7.5k every month is easier as this basically includes everything like groceries, dining, apparel, food delivery, etc.
I dont see any CC giving CB on almost everything you pay for.

For online sbi cb fetches 5% .
For offline cc acceptance is pathetic. So this 3.82% for exact 7.5K inr is not practical.

 

[b4bhar]

For online sbi cb fetches 5% .
For offline cc acceptance is pathetic. So this 3.82% for exact 7.5K inr is not practical.

I'm speaking about offline spends/ shopping in malls (like zudio, trends, central, etc as most of them prefer to shop offline for clothing) or having food/ dining or even dmart groceries shopping. My online shopping is mostly in Amazon or flipkart which are already covered by Apay icici and Flipkart axis cards and both are LTF for me. These are my use cases. But yeah it depends on the person's requirement as well.