Is Axis Cashback a decent alternative to SBI Cashback?

[Joltpost]

If for somereason I can't get SBI Cashback, is this card a decent alternative for SBI Cashback card?

My spends are mostly online and a lot are international spends if that helps.

 

[pinki]

View attachment 107717

If for somereason I can't get SBI Cashback, is this card a decent alternative for SBI Cashback card?

My spends are mostly online and a lot are international spends if that helps.

If u can't get , then u may go for it .
O/w SBI CB is the real GOAT 🐐

 

[HumorSimpson]

Axis cashback's return is way below 7%. Assuming you max it out , you get just (0.02*5000 + 0.05*35000 + 0.07*30700)*100/70000 = 5.7%.

Max you can spend is 70,700rs but with SBI CB you can go upto 1L.
Till 40K per month your effective CB is (0.02*5000 + 0.05*35000)*100/40000 = 4.6%.
Only when you hit the sweetspot of 70,700 it rewards you 5.7%

 

[Pho3nix]

No, it's not.

 

[Joltpost]

I asked the subreddit the same question and some suggest to pick the HDFC Swiggy Card. But the thing is..it doen't give 5% CB for Amazon Pay gift balance. Is it true?

 

[HumorSimpson]

I asked the subreddit the same question and some suggest to pick the HDFC Swiggy Card. But the thing is..it doen't give 5% CB for Amazon Pay gift balance. Is it true?

If AGV purchase is your goal. Then go for Jupiter CSB Edge+ that gives 10% CB upto 500 for agvs. For another 5K use hdfc millenia. Purchasing AGVs beyond 10K pm leads a soft block from Amazon.

 

[Rahul098]

Is spends made on irctc and buying amazon pay vouchers from Amazon eligible for cashback?

 

[panchabhut]

By itself it is not. But if used along with Axis Airtel & HDFC TN, then the story changes.
Also, Axis cards are direct bank products while SBI Cards are issued by a NBFC. May not be of any significance for most people, but for some, it would make a difference.