When it comes to choosing the right credit card, there’s no one-size-fits-all option. Each credit card comes with unique features designed to cater to specific needs—be it travel, lifestyle, rewards, or cashback. If your primary focus is saving money on everyday spending, cashback credit cards are among the most rewarding options. They not only give you instant value back on your purchases but also help you maximize savings on categories like dining, groceries, shopping, and utility bills.
To help you make the right choice, we’ve shortlisted the top 5 cashback credit cards in India that offer excellent value for frequent shoppers and smart spenders.
05 Best Cashback Credit Cards in India
1) Axis Bank SELECT Credit Card
The Axis Bank SELECT Credit Card is tailored to ensure maximum lifestyle benefits for users, with food and grocery benefits and several other features.
Joining Fee – INR 3000 + GST
Annual Fee – INR 3000 + GST
Key Features-
- Amazon voucher worth INR 2000 on first transaction (within 90 days of issuance)
- Big Basket and Swiggy offers will be automatically applied upon payment of the renewal fee.
- Renew Priority Pass Membership from the second year for spends of INR 3 lakh in the preceding year + 10,000 EDGE reward points worth INR 2000 on the first transaction (within 30 days of the issuance)
- 20% off up to INR 500 each month for spending INR 2000 on Big Basket and 40% discount of INR 200 on Swiggy orders over INR 500 twice each month
- Up to INR 300 off on the second ticket after buying one ticket on BookMyShow.
- Exclusive discounts of 30% up to INR 150 per month for spending at least INR 200 on Swiggy.
2) HDFC Millennia Credit Card
The HDFC Millennia Credit Card is geared to meet the lifestyle needs of millennials, with plenty of rewards and benefits in store.
Joining Fees- INR 1000 + GST
Annual Fee- INR 1000 (waived for spending INR 1 lakh in the preceding year)
Key Features:
- 5% cashback on spends with 10 online merchants- Amazon, Cult.fit, Sony LIV, Myntra, Flipkart, BookMyShow, Tata CLiQ, Swiggy, Zomato, and Uber
- 1% cashback for other spends
- Quarterly milestone benefit of INR 100 worth of gift vouchers for spends of INR 1 lakh and higher.
- Up to 10% additional discount on dining through Swiggy Dineout
- 1% fuel surcharge waiver on transactions between INR 400 – 5000.
3) Cashback SBI Card
The Cashback SBI Card comes with a value-back of up to 5% on the card spends. It is best-suited for those who prefer to shop online for most of their needs- whether it is apparel, footwear, travel, food, groceries, entertainment or others.
Joining Fees- INR 999 + GST
Annual Fee- INR 999 + GST
Key Features:
- 5% cashback on all online spends
- 1% cashback across all offline spends
- Earn cashback of up to INR 5000 per month
- Renewal fee reversed on spending at least INR 2 lakhs in the preceding year
- 1% fuel surcharge waiver of up to INR 100 per month
4) Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card is among India’s top cashback credit cards for online shopping. Despite being a co-branded card, the card’s benefits are spread across multiple categories, such as travel, entertainment, dining, and lifestyle.
Joining Fees- INR 500 + GST
Annual Fee- INR 500+ GST
Key Features:
- 5% cashback Myntra spends
- 5% cashback on transactions at Flipkart and Cleartrip
- 1% cashback across other spends
- Unlimited 4% cashback on preferred merchants (Cult.fit, PVR, Swiggy, Uber)
- 1% fuel surcharge waiver on transactions between INR 400 – 4000.
5) Tata Neu Infinity HDFC Bank Credit Card
The Tata Neu Infinity HDFC Bank card is the premium variant among the two co-branded cards launched by HDFC Bank in partnership with Tata Neu. A standout feature is its availability in the RuPay variant, which enables users to add their credit card to UPI apps and enhance the reward earning potential through UPI transactions.
Joining Fees- INR 1499 + GST
Annual Fee- INR 1499+ GST
Key Features:
- Earn up to 10% value-back on Tata Neu spends.
- Get up to 8 domestic and 4 international Priority Pass lounge accesses per year.
- Low forex markup fee of 2%.
- Earn 5% NeuCoins on all non-EMI spends at Tata Neu & its partner brands.
- 5% NeuCoins on UPI, non-Tata brand and merchant EMI spends
If cashback is your top priority, these five credit cards stand out for their unmatched savings potential. Ultimately, the best cashback credit card for you depends on your spending habits, shopping preferences, and lifestyle needs. Compare the features, annual fees, and cashback categories before applying to ensure you maximize your savings and get the most value out of your credit card.