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Best Cashback Credit Cards in India (2024)

Avishek Singh2 weeks ago

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Best Cashback Credit Cards in India (2024)

If you’re a young Indian between 21 and 50 who wants to get rewarded for your regular spending, cashback credit cards are a great way to earn some money back. This article talks about some of the top cashback credit cards available in India. We’ll look at what they offer, any Annual Fees, joining fees, and welcome bonuses.

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Understanding the Basics

Before we get into the cards, it’s essential to know a few things that make each card different:

Annual Fees: This is a charge you pay every year for having the card. Some cards have this fee, while others don’t. You should see if the cashback rewards you get are worth paying the Annual Fees. Also, some cards might waive this fee if you spend a certain amount.
Joining Fee: This is a one-time fee you pay when you get the card. Some cards might offer you a bonus to cover this cost.
Earning Cashback: This is the percentage of money you get back from what you spend. Look for cards that give you higher cashback rates on things you usually spend money on, like groceries, fuel, shopping online, or eating out.
Minimum Spending: Some cards need you to spend a specific amount every month to get cashback rewards. Make sure you can spend that much regularly to get the most out of your card.

Best Cashback Credit Cards in India

Now that you know this, let’s check out some of the most popular cashback credit cards in India:

Cashback SBI Card : This card is excellent for people who buy groceries. You get 5% cashback on grocery shopping up to ₹2000 per month and 1% cashback on everything else. There’s no joining fee, but you pay ₹999 every year (unless you spend ₹2 lakh yearly). Even though there’s no welcome bonus, the cashback on groceries can be a big help.
Axis Bank ACE Credit Card: This card is good for different spending habits. You can get up to 5% cashback on department stores and utility bills, 2% cashback on movies and dining, and 1.5% cashback on everything else. However, you pay a joining fee of ₹499 and Annual Feess vary (₹999 or ₹1,499). But you could get a welcome bonus of up to ₹5,000 if you spend a certain amount.
Amazon Pay ICICI Credit Card: This card is great for people who love shopping on Amazon and paying bills. You get 5% cashback on Amazon purchases and bill payments and 2% cashback on other spending. There’s no joining or Annual Fees, which makes it budget-friendly. Also, you could get a welcome bonus of up to ₹1,750 if you meet certain spending goals.
HDFC Millennia Credit Card: This card works well for different kinds of spending. You can get up to 5% cashback on department stores, groceries, and utility bills, 1.5% cashback on movies and dining, and 1% cashback on other spending. There’s a joining fee of ₹1,000, but they waive the first year’s Annual Fees. After that, it’s ₹500 per year. You might also get a welcome bonus of up to ₹5,000 if you spend enough.
Flipkart Axis Bank Credit Card: This card is perfect for Flipkart shoppers and people who spend on travel and dining. You could get up to 5% cashback on Flipkart purchases, 2% cashback on dining and travel, 1.5% cashback on utility bills, and 1% cashback on other spending. There’s a joining fee of ₹500 and a Annual Fees of ₹500. They also offer a welcome bonus of up to ₹2,000 for new users who spend enough.

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Remember:

This list is just a starting point, and there are many other cashback credit cards out there in India. Before you apply for one, make sure you do your research and compare the features of different cards. Think about your spending habits and pick a card that fits you best. And always remember to pay your credit card bill in full and on time to avoid extra charges and make the most of your cashback rewards.

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