Best Cashback Credit Cards in India – Features and Fees

Cashback is one of the countless benefits a credit card can offer to anyone. You are getting rewarded for every dime you spend with real cash and not just coupons or other bundled offers, and this is what credit cards offer to you. There is a diverse group of cashback credit cards in India. Countless choices might confuse you as to which one to choose. You will get your answers as we have compiled a list of the best cashback credit cards for you to choose from.

But before I take you through the choices for credit cards, you need to know the other benefits of having a credit card.

List Of 7 Best Cashback Credit Cards in India For 2022

After going through a lot of credit cards and their T&C we have found 7 best cashback credit cards for you.

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1. AXIS Bank ACE Credit Card

Points to Consider
  1. AXIS Bank has ensured that there won’t be any upper limit of cashback, making it more flexible and a good deal for anyone.
  2. Has a low annual fee, making it the best credit card for you if you are a student or a fresher.
Joining fees:Rs 499 (reversed on spends of 45 days within card issuance)
Annual fees: Rs.499 (waived off on annual spends greater than Rs. 2,00,000)
Interest rate: 3.4% per month (49.36% per annum)
  • Axis Bank offers 2% flat-rate cashback on all purchases, which means you can earn a great value on everything you buy.
  • It offers 5% unlimited cashback on bill payments; mobile recharges done via Google Pay and DTH.
  • 20% discount at more than 4000 partner restaurants.
  • Apart from that, 4% of cashback on specific merchants such as Zomato, Ola, Grofers, Bigbasket, and Swiggy.
  • No welcome benefits

Why We Picked This Card?

Offers versatility in rewards. Not limited to a certain platform.

2. HSBC Cashback Credit Card

Points to Consider
  1. HSBC Cashback credit card is the best cashback credit card in India for anyone who doesn’t like to bind with a single website for shopping.
  2. You get 1.5% back on all online spends without any upper limits to worry about.
Joining fees:0
Annual fees: Rs.750 (reversed on spends of Rs 1,00,000)
Interest rate: 3.3% per month
  • HSBC Cashback Credit Card rewards you with unlimited 1.5% cashback on online shopping and 1% cashback on any other purchases.
  • This credit card works on a simple model. The more you spend, the bigger reward you can get.
  • HSBC Cashback Credit Card is the best card for anyone who likes to shop from various websites.
  • It covers almost every category such as shopping, travel, food, lifestyle, etc. but remember that you only pay for them online.
  • Cashback %age is low when compared to other players in the market

Why We Picked This Card?

Good cashback card for heavy spends across all categories.

3. Flipkart Axis Bank Credit Card

Points to Consider
  1. If you love traveling and sightseeing, Axis Flipkart Credit card is the only card in this category that provides free domestic lounge access.
  2. It also rewards you with 5% cashback on online shopping on Flipkart and Myntra.
  3. The card pampers you with welcome benefits worth Rs 1000.
Joining fees:Rs 500
Annual fees: Rs.500 (Annual fee waived off on annual spends greater than Rs. 2,00,000)
Interest rate: 3.3% per month
  • You can earn up to 5% cashback every time you shop from Flipkart, Myntra, and 2GUD.
  • 4% cashback on additional merchants such as PVR, Uber, MakeMyTrip, and This card covers three domains, lifestyle, travel, and shopping.
  • If you are someone who is looking to get credit for discounts from multiple platforms, then this card is the perfect match for you.
  • Cashback only on online spends

Why We Picked This Card?

The best cashback credit card if you shop majorly in the Flipkart ecosystem - Flipkart, Myntra, 2Gud. Probably one of the best credit cards in India, too.

4. Amazon Pay ICICI Credit Card

Points to Consider
  1. Your love for online shopping and wish for getting extra rewards will come true with an ICICI credit card in association with Amazon Pay.
  2. It is one of the best credit cards for online shopping in India.
  3. It offers 5% unlimited cashback on all online spends on Amazon.
  4. It has a low income requirement and gets you decent rewards as per its category.
Joining fees:0
Annual fees: 0
Interest rate: 3.5% to 3.8% per month (42% – 45.6% per annum)
  • Amazon Pay ICICI card is free for a lifetime which means you can get cashback even without paying any joining or annual fees.
  • You earn cashback in the form of Amazon Pay balance.
  • Amazon Pay ICICI card rewards you with a minimum 15% discount on your food bill at partner restaurants.
  • 5% cashback on every purchase made on Amazon for Prime members.
  • 3% cashback on every purchase made on Amazon for non-Prime members.
  • 2% cashback on expenses on recharges, gift cards, flight bookings, bill payments, and any other expenses on Amazon Pay partner merchants.
  • You get 1% cashback on other spends.
  • If you wish to enjoy the full benefits, you need to have an Amazon Prime membership.
  • There are no rewards for purchasing gold and on EMI transactions.

Why We Picked This Card?

The best cashback credit card if you shop majorly in the ecosystem.

5. Standard Chartered Manhattan Platinum Credit Card

Points to Consider
  1. Standard Chartered Manhattan Platinum Credit Card is the perfect card if you are more inclined towards entertainment and hefty expenses.
  2. It is known for its cashback and entertainment benefits for the users.
Joining fees:Rs. 999 with applicable taxes
Annual fees: Rs. 999 with applicable taxes (Renewal fee will be waived off if spends are greater than Rs.1,20,000 in the previous year)
Interest rate: 3.75% per month (45.6% per annum)
  • The best cashback credit card for those who make bulky purchases at supermarkets as it comes with no maximum cap on the amount of cashback.
  • Even if you make any other transactions, you are rewarded with 3x more points.
  • 15% of cashback on travel and 25% off on any movie tickets.
  • You can get vouchers worth Rs. 2000 from BookMyShow.
  • Not as premium as its counterparts
  • Reward point redemption values are low and keep fluctuating

Why We Picked This Card?

If your spends on grocery at supermarkets are substantial, this card can help you benefit monetarily.

6. Paytm SBI Select Credit Card

Points to Consider
  1. The Paytm SBI Card is unique - one of the first between a bank and a fintech brand
  2. Additional cashback on Paytm purchases
Joining fees:Rs. 1,499 with applicable taxes
Annual fees: Rs. 1,499 with applicable taxes
Interest rate: 3.75% per month (45.6% per annum)
  • Not only are you rewarded with cashback but also with Paytm First Membership.
  • You can avail of instant cashback and more savings when using the card on Paytm Mall or any other offline-online platform.
  • 5% cashback on movie and travel tickets.
  • Minimum cashback is 1% on all online or offline transactions.
  • Steep annual and joining fees for the category
  • No major benefit when transacting outside Paytm’s services

Why We Picked This Card?

For those who use Paytm frequently, this card can get you exclusive access to offers and memberships.

7. HDFC Millennia Credit Card

Points to Consider
  1. HDFC Millennia is the right card for you if your main focus is travel and related expenses.
  2. It offers numerous rewards and cashback in all categories.
  3. Comes with features like complimentary domestic airport lounge access and milestone-based rewards.
  4. Gives you cashback even on offline spends and wallet loads
Joining fees:Rs.1000 (Renewal fee waived on spends of Rs 1,00,000 in a year prior to renewal date)
Annual fees: Rs.1000
Interest rate: 3.6% per month (43.2% per annum)
  • You will love HDFC Millennia because it is lifetime free if you complete transactions of more than Rs.500 in a month for the first three months consecutively.
  • You get access to 8 free domestic airport lounge visits in a year.
  • 2.5% cashback on every online purchase only if your minimum purchase of Rs.2000.
  • 5% cashback on Amazon, Flipkart, hotel, and flight bookings if done via PayZapp and SmartBuy.
  • Cashback has an upper limit of Rs 1000 for the first 6 months, and Rs 750 later on.

Why We Picked This Card?

The Millennia is a versatile credit card that gets you entry into the HDFC Bank suite of premium cards.

Compare Best Cashback Credit Cards

Credit Cards Joining Fees Most Cashback on
Axis ACE Rs 500 Utility payments
HSBC CashbackRs 500 Online spends
Flipkart Axis0Flipkart apps
Amazon Pay
Standard Chartered ManhattanRs 500Grocery
Paytm SBIRs 1,000 Paytm offers
HDFC MillenniaRs 250 Offline spends

What to look for in a Cashback Credit Card?

1. Improved Shopping Experience

A credit card is a blessing for any frequent shopper; you can buy anything without tampering with your monthly budget.

It helps you to purchase the desired things on low-cost EMIs. Credit cards work on the system of buy now and pay later, which means you can purchase any heavy appliance or product you desire without stressing over the cash, which is a desired way for salaried people.

2. Cashback and other rewards.

Every credit card offers some special discount, rewards, or cashback. There are plenty of them which are associated with various shopping and e-commerce websites. So when you shop with your credit card at those places, you earn some discounts or cashback in return. So technically, purchasing anything from the credit card is more beneficial compared to debit cards or cash.

3. Global Acceptance

If you are a credit cardholder, you can have the world on a string. With a credit card in your wallet, you can pay anywhere around the globe without worrying about currency conversions.

4. Credit Score

A credit score is a three-digit score calculated based on your credits and how frequently you are repaying them. A credit card is one of the best ways to improve your credit score. Most banks and institutions consider how good your credit score is while approving a loan for you.


When choosing any credit card for yourself, it is always best to compare pros, cons, serviceability, fees, and other aspects that we mentioned above. Because this makes things clearer for you, and you can decide on getting the best cashback credit card with much more clarity. You can earn maximum reward points using the best credit cards, if that's your thing.


What is a cashback credit card?

A cashback credit card is essentially a card which gives you cashback on all or specific transactions you make online and offline, in some cases.

What credit card gives the most cashback?

Amazon Pay ICICI and Flipkart Axis cards offer some of the best cashback in the Indian market - up to 5% on platforms like Flipkart and Amazon India.

How long does it take for the cashback to be reflected in the account?

It usually takes a few days for cashback to reflect in your account. This can vary on card to card basis.

Will the cashback be credited to the credit card account?

Yes, in most cases the cashback you receive on your transactions or on special offers will be credited to your credit card account. In case of reward points, however, the points might reflect on the bank’s netbanking or custom portal.

How can I maximise on my cashback credit card?

To maximise on your cashback credit card, spend more on the categories that offer accelerated cashback. Most cashback credit cards have categories where you can earn more than regular transactions, and here is where you make the most out of it. You can also check out our list of credit cards for business persons if you qualify for that category.