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Credit cards offer various rewards for the users. Among them, the best system of rewarding the customer is often by means of a cashback. Cashbacks are hassle-free, quick and easy to use.
One can redeem the cashback points on making any purchase similar to how they use liquid cash; this makes using credit cards anywhere in the world a favorite.
Here are top offerings in the credit cards with cashbacks segment available in India.
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Featured Partner
1
SimplyCLICK SBI Credit Card
Annual Fee
INR 499+ taxes
Welcome Gift
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
On SBI’s secure website
2
HSBC Cashback Credit Card
Annual fees
INR 999 (which will be reversed if the total annual spend exceeds INR 200,000)
Cashback features
10% accelerated cashback on dining, food delivery and grocery spends (up to INR 1000 per billing cycle); 1.5% unlimited cashback on other spends* (exclusions apply)
Other benefits
4 complimentary domestic lounge visits per year (1 visit per quarter)
3
IndusInd Bank Legend Credit Card
Annual Fee
INR 9,999 + GST
Welcome Benefits
Complimentary Stay at Oberoi Chain of Hotels.
Features
Free Movie Tickets on BookMyShow, 2x Rewards on Weekend spends, Access to 700+ lounges worldwide
On IndusInd Credit Card Application
4
AU Bank Altura Plus Credit Card
Annual Fee
499 + applicable taxes
Welcome Benefits
Gift vouchers
Features
1.5% Cashback on all POS retail spends, 1% Fuel Surcharge Waiver on transactions between INR 400 and INR 5,000.
On AU Bank’s secure website
5
Standard Chartered Rewards Credit Card
Rewards
4 reward points* per INR 150 on all retail spends (excluding government, insurance and fuel spends)
Joining Fees
Nil (2nd year onwards the annual fees will be reversed on spends of INR 3,00,000+ in the previous year)
Fuel Surcharge Waiver
Upto 1% Fuel Surcharge waiver (terms and conditions apply)
On Standard Chartered bank’s website
- Axis Bank ACE Credit Card
- Cashback SBI Card
- Dhanlaxmi Bank Platinum Credit Card
- Airtel Axis Bank Credit Card
- Axis Bank Freecharge Plus Credit Card
- LIT Credit Card
- SNAPDEAL Bank of Baroda Credit Card
FEATURED PARTNER OFFER
Best Cashback Credit Card For Bill Payments
Axis Bank ACE Credit Card
4.9
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual Fee
INR 499
Welcome Gifts
Nil
Key Feature
Cashback on the utility bills.
On Axis's secure website
Annual Fee
INR 499
Welcome Gifts
Key Feature
Cashback on the utility bills.
Why We Picked It
The Axis Bank ACE Credit Card, which has been launched as a collaboration between Axis Bank and Google Pay, gives a cashback of 5% on the payments of utility bills. There is no cap on receiving cashback. The only requirement is that the payment has to be made via Google Pay. There is a 4% cashback on Ola, Zomato, Swiggy and 2% on any other payment that you make with this card. Cashback is free of cap in all the payments made through this card.
Ongoing Benefits:
- 5% cash back on the payment of bills, like electricity, gas, DTH, Mobile recharge, etc.
- 4% on making purchases from Swiggy, Zomato, Ola.
- 2% on any other kind of spend.
- Payments are to be done from Google Pay.
- No annual fee on spending INR 2,00,000 in one year.
- Four lounge visits in select domestic airports in a year.
- Surcharge waiver of 1% on all fuel transactions between INR 400 to INR 4,000 to the maximum of INR 500 per statement cycle (no cashback on fuel transactions).
- 20% discount at partner restaurants in India.
Pros & Cons
- Fuel surcharge waiver.
- Free domestic airport lounge visits.
- Discount at partner restaurants.
- No cap on getting cashback.
- No welcome gifts.
FEATURED PARTNER OFFER
Best Cashback Credit Card For Online Shopping
Cashback SBI Card
5.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual fee
INR 999
Welcome Gifts
No joining fee for the first year.
Key Feature
Cashback on online spends.
On SBI's secure website
Annual fee
INR 999
Welcome Gifts
No joining fee for the first year.
Key Feature
Cashback on online spends.
Why We Picked It
SBI’s Cashback Credit Card is known as Cashback SBI Card, providing 5% cashback on online spends applicable to all merchants without any distinction.There is a cashback of 1% on the payments of all offline spends and utility bills. Joining fee is not charged for the first year. Card cashback is auto-credited to the user’s SBI Card account within two days of the next statement generation.
The card offers no limit on earnings or accumulation of cashback on the credit card. There is a limit of INR 10,000 per billing cycle on earning 5% cashback on online transactions as defined above. If one reaches the cap of INR 10,000 on earning 5% cashback in a month, the cardholders will continue to earn 1% cashback on such online transactions.
Welcome Benefits:
- There is no joining fee for this card, that implies no annual fee for the first year.
Ongoing Benefits:
- 5% cashback on online spends.
- 1% cashback on all offline spends and utility bill payments.
- No annual fee will be charged on spending INR 2 lakh.
- 1 complimentary domestic Airport lounge visit per quarter, four in a year.
- Fuel surcharge waiver available.
Pros & Cons
- The cap on getting cashback in a billing cycle is high.
- Just 1% cashback on other purchases.
FEATURED PARTNER OFFER
Best Cashback Credit Card For Grocery Shopping
Dhanlaxmi Bank Platinum Credit Card
5.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual Fee
Nil
Welcome Benefits
Nil
Key Feature
Cashback on purchases from supermarkets.
Annual Fee
Nil
Welcome Benefits
Nil
Key Feature
Cashback on purchases from supermarkets.
Why We Picked It
Dhanlaxmi Bank’s Platinum Credit Card gives a 5% cashback on purchases made from supermarkets and departmental stores. This card is simple to use and provides covers like, purchase protection. It is without any complication, and easy to use. This card is completely free and users do not have to pay an annual or joining fee.
Ongoing benefits:
- 5% cashback on any purchase from supermarkets and departmental stores.
- Credit shield cover up to INR 1 lakh.
- Purchase protection cover up to INR 1 lakh.
- Air accident insurance up to INR 2 lakh.
- Global customer assistance available.
Pros & Cons
- Various insurance covers.
- No welcome gifts.
FEATURED PARTNER OFFER
Best Cashback Credit Card For Airtel Users
Airtel Axis Bank Credit Card
4.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual Fee
INR 500
Welcome Gifts
E-vouchers worth INR 500
Key Feature
Cashback on the utility bills.
Annual Fee
INR 500
Welcome Gifts
E-vouchers worth INR 500
Key Feature
Cashback on the utility bills.
Why We Picked It
Axis Bank in collaboration with Airtel has launched the Airtel Axis Bank Credit Card. This card provides cashback of special interest for people using Airtel services, as it provides a cashback of 25% on the bill payments made to Airtel mobile, DTH, Broadband and Wifi, via the Airtel Thanks App. There is a 10% cashback on the payment of all the utility bills if the payment is made through the Airtel Thanks App.
Welcome Benefits:
- Amazon vouchers worth INR 500 if the first transaction is done within 30 days of the card allotment.
Ongoing Benefits:
- 25% cashback on Airtel Mobile, Broadband, WiFi and DTH bill payments via Airtel Thanks App to the maximum of INR 300.
- 10% cashback on utility bill payments such as gas, electricity, etc, via Airtel Thanks App to the maximum of INR 300.
- 10% cashback at preferred merchants to the maximum of INR 500.
Pros & Cons
- Good amount as cashback.
- There is a cap on the amount one gets as cashback.
FEATURED PARTNER OFFER
Best Cashback Credit Card For Freecharge Spends
Axis Bank Freecharge Plus Credit Card
3.5
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual fee
INR 350
Welcome Gifts
No joining fee for the first year.
Key Feature
Cashback on the use of Freecharge Application.
Annual fee
INR 350
Welcome Gifts
No joining fee for the first year.
Key Feature
Cashback on the use of Freecharge Application.
Why We Picked It
Axis Bank in partnership with Freecharge has launched the Axis Bank Freecharge Plus Credit Card. It provides a cashback of 5% on Freecharge spends. Cashback will be provided if the spends are made through Freecharge Application only. Freecharge application allows users to pay bills of electricity, gas, telephone, recharge mobile, broadband, DTH and metro cards. It enables the users to invest in mutual funds and get credit through Freecharge EMI.
Welcome benefits:
- Gift vouchers worth INR 700, which can be redeemed at partner stores.
Ongoing Benefits:
- 5% cashback on Freecharge spends.
- 2% cashback on commutation locally.
- 1% on spending on other things.
- No annual fee will be charged on spending INR 50,000 through this card.
Pros & Cons
- Very nominal annual fee.
- Cashback is not applicable on transactions less than INR 100.
FEATURED PARTNER OFFER
Best Core Cashback Credit Card
LIT Credit Card
3.5
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual fee
Nil
Welcome Gifts
Nil
Key Feature
Cashback
On AU Bank's secure website
Annual fee
Nil
Welcome Gifts
Nil
Key Feature
Cashback
Why We Picked It
LIT Credit Card launched by AU Small Finance Bank provides many facilities for the desired facility one has to subscribe for that facility online by paying the fee for a period of 90 days. If one wants to avail the facility of cashback then the charges for it are given in the following table.
| Cashback % | Fee for 90 days in INR |
|---|---|
| Cashback on grocery purchase (5%) | 299 |
| Cashback on travel(5%) | 299 |
| Cashback on dining (5%) | 299 |
There will be no annual fee charged on the card and it is completely free, but to avail a cash back in the respective domains for 90 days a fee of INR 299 will be charged from the user. In the same manner there are a few other facilities as well for which individual fees have to be paid. The card will not be canceled even if it is not recharged.
Pros & Cons
- Nil annual fee.
- One can select from the services which they desire, and pay only for them.
- The card will not be canceled even if it is not recharged.
- Will have to top-up every 90 days.
FEATURED PARTNER OFFER
Cashback on All Purchases
SNAPDEAL Bank of Baroda Credit Card
3.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Annual Fee
INR 249 + 18% GST
Welcome Gifts
Snapdeal vouchers worth up to INR 2500
Key Feature
5% unlimited cashback
On Bank of Baroda's secure website
Annual Fee
INR 249 + 18% GST
Welcome Gifts
Snapdeal vouchers worth up to INR 2500
Key Feature
5% unlimited cashback
Why We Picked It
The SNAPDEAL BOB Credit Card provides unlimited cashback exclusively for Snapdeal purchases and awards reward points across diverse spending categories, including online shopping, grocery, and departmental stores. The accumulated reward points seamlessly transform into cashback, automatically reflected in your monthly statement.
Welcome Benefits:
- Snapdeal vouchers worth up to INR 2500 upon card issuance.
Ongoing Benefits
- 5% unlimited cashback (20 reward points per 1000) on purchases made exclusively on the Snapdeal website and app.
- 10 reward points for every 100 spent on online shopping, grocery, and departmental stores.
- 4 reward points for every 100 spent on other categories.
- All accumulated reward points seamlessly convert into cashback, automatically credited to your monthly statement.
- 1% fuel surcharge waiver on all fuel transactions between INR 400 to INR 5000 (maximum 250 per month).
Pros & Cons
- Reward points are automatically converted into cashback and credited to the user’s monthly statement.
- Apart from being slightly focused on Snapdeal-centric benefits, the SNAPDEAL BOB Credit Card doesn’t exhibit significant drawbacks.
Forbes Advisor Ratings
| Policy Name | Company – Logo | Forbes Advisor India Rating | Forbes Advisor Rating | Annual Fee | Welcome Benefits | Key Feature | Learn More CTA text | Learn more CTA below text | Learn More |
|---|---|---|---|---|---|---|---|---|---|
| Axis Bank ACE Credit Card |  | 5.0 |  | INR 499 | Nil | Cashback on the utility bills. | View More | ||
| Cashback SBI Card |  | 5.0 | | INR 999 | No joining fee for the first year. | Cashback on online spends. | View More | ||
| Dhanlaxmi Bank Platinum Credit Card |  | 5.0 | | Nil | Nil | Cashback on purchases from supermarkets. | View More | ||
| Airtel Axis Bank Credit Card |  | 4.0 |  | INR 500 | E-vouchers worth INR 500 | Cashback on the utility bills. | View More | ||
| Axis Bank Freecharge Plus Credit Card |  | 3.5 |  | INR 350 | No joining fee for the first year. | Cashback on the use of Freecharge Application. | View More | ||
| LIT Credit Card |  | 3.5 | | Nil | Nil | Cashback | View More | ||
| SNAPDEAL Bank of Baroda Credit Card |  | 3.0 |  | INR 249 + 18% GST | Snapdeal vouchers worth up to INR 2500 | 5% unlimited cashback | View More |
Difference Between a Cashback Credit Card and a Reward Credit Card?
The basic difference between cashback credit card and reward points credit card is as follows:
| Cashback | Reward Points |
|---|---|
| Most of the time there is no charge on redeeming the cashback. | Most of the time there is a nominal fee charged by the bank at the time of redemption. |
| Cashback is easy to redeem, as companies provide which can be used as you wish. | Difficult to redeem as there are limited ways of spending reward points. |
| Cashback received from making a purchase (in most of the cases) will have the same value, that means if you have received a cashback of 5%, it will remain the same at the time of using this cashback. | Value of reward points varies, for example, reward points accumulated if used for purpose A, will have the value of 30 paisa and for purpose B will have the value of INR 1. |
| Cashback is converted to cash and used anywhere. | Reward points can only be used at partner companies. |
What Credit Score Is Required For A Cash Back Credit Card?
Companies take the credit rating very seriously before allotting a credit card to an applicant. In order to get a credit card one must have a minimum credit score of 680 in some companies or 700 in others. People who do not have this credit score are not eligible to get a cash back credit card.
Is Cashback Actual Money?
Cashback is actually money, which technically should be credited to the credit card account at the end of the billing cycle automatically, but we may find a few variants in this category depending on the company. Generally speaking, cashback is actual money that can be used anywhere, to pay dues, or make purchases. There are exceptions where the use of cashback is restricted by a few companies, but that will only hamper the popularity of such cards.
Benefits Of Getting a Cashback Credit Card
Cashback credit cards are better than the reward point credit card as while redeeming the value of the cashback remains the same hom*ogeneously, unlike reward points, as the value of the reward point changes and depends on the usage. Following are the benefits of using a cashback credit card.
- hom*ogeneity in getting rewarded for using the credit card.
- Using a cashback credit card is easier than other credit cards.
- Users can improve their credit score by using a cashback credit card.
- One gets discounts in partner restaurants.
- There is a surcharge waiver of one percent on the purchase of petrol.
- Various offers in partner companies.
Methodology
We considered various cashback credit cards offered by various companies on the basis of the following criteria:
- Value for money: This was the most important factor that has been taken into consideration. The cards that provide maximum benefits made it to our list.
- Cash back: We have considered the cards which were at least giving a cashback of 5% in a particular domain at least.
- Availability for all income groups: We have taken the cards which are available to all the income groups and not to a selective few. There are credit cards which are only available by invite and normally no one can apply for those, as their income criteria is very high and people coming in a high income bracket can only apply for them. The credit cards reviewed by us are easily available to all.
- Additional benefits: We have given special consideration to credit cards providing additional benefits and half to the credit cards in which additional benefits are of some actual significance and not just in name. For example, if a card offers a fee waiver to a user who will spend INR 3 lakh in one year, it is unlikely all cardholders may want to spend that much in one year. This makes the feature redundant for certain cardholders.
Documents Required for Cashback Credit Cards
Applicants will have to produce a PAN Card mandatorily, or if that person does not have a PAN Card then will have to show the Aadhar card. It is not mandatory to produce both PAN or Aadhar.
- PAN card photocopy
- Form 60
One of the following as the proof of income
- Latest payslip
- Form 16
- IT return copy as proof of income
One of the following the proof of residence
- Passport
- Ration Card
- Electricity bill
- Landline telephone bill
One of the following for Identity proof
- Passport
- Driving license
Featured Partner
1
SimplyCLICK SBI Credit Card
Annual Fee
INR 499+ taxes
Welcome Gift
INR 500 worth e-gift card from Amazon
Features
1% Fuel Surcharge Waiver on transactions between INR 500 and INR 3000, Get e-Vouchers worth INR 2000 for annual online spends of 1 Lakh
On SBI’s secure website
2
HSBC Cashback Credit Card
Annual fees
INR 999 (which will be reversed if the total annual spend exceeds INR 200,000)
Cashback features
10% accelerated cashback on dining, food delivery and grocery spends (up to INR 1000 per billing cycle); 1.5% unlimited cashback on other spends* (exclusions apply)
Other benefits
4 complimentary domestic lounge visits per year (1 visit per quarter)
3
IndusInd Bank Legend Credit Card
Annual Fee
INR 9,999 + GST
Welcome Benefits
Complimentary Stay at Oberoi Chain of Hotels.
Features
Free Movie Tickets on BookMyShow, 2x Rewards on Weekend spends, Access to 700+ lounges worldwide
On IndusInd Credit Card Application
4
AU Bank Altura Plus Credit Card
Annual Fee
499 + applicable taxes
Welcome Benefits
Gift vouchers
Features
1.5% Cashback on all POS retail spends, 1% Fuel Surcharge Waiver on transactions between INR 400 and INR 5,000.
On AU Bank’s secure website
5
Standard Chartered Rewards Credit Card
Rewards
4 reward points* per INR 150 on all retail spends (excluding government, insurance and fuel spends)
Joining Fees
Nil (2nd year onwards the annual fees will be reversed on spends of INR 3,00,000+ in the previous year)
Fuel Surcharge Waiver
Upto 1% Fuel Surcharge waiver (terms and conditions apply)
On Standard Chartered bank’s website
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
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