Credit Cards With Best Cashback Deals In India 2024

A look at the top credit cards in India that offer the best cashback deals, along with their annual renewal fee

Top credit cards for 2024

With so many cashless payment options, have you wondered why credit cards continue to remain popular? The reason is the combination of unique features and benefits that credit cards offer. An interest-free credit period, rewards, cashback, discounts, access to spas and lounges, and many other lifestyle benefits.

If you love to earn some while you spend some, look no further than the credit cards that offer the most attractive cashback. 

  • Welcome cashback is offered by many credit cards, along with milestone-based cashback

  • Co-branded credit cards can get you decent cashback if you are a regular customer of the co-branding merchant

  • A 5% cashback can be considered quite lucrative in the Indian credit card market.

Best Credit Cards In India For Cashbacks

Here is a look at some of the best cashback offers given by credit cards –

  1. Amazon Pay ICICI Credit Card – With this credit card, Amazon Prime members get 5% cashback on Amazon India spends, while non-members get 3%. There is a 1% cashback on other expenses made using this zero-annual-fee card.

  2. Cashback SBI Credit Card – This credit card offers 5% cashback on online transactions of Rs 1 lakh every billing cycle and 1% thereafter. There is an annual fee of Rs 999 on this SBI credit card.

  3. HDFC Bank Millennia Credit Card – It offers 5% cashback on online platforms like Amazon, BookMyShow, Flipkart, Myntra, SonyLIV, Swiggy, Zomato, Tata CLIQ, Uber, etc. There’s a 1% cashback on all other transactions. An annual renewal fee of Rs 1,000 is applicable. 

  4. HSBC Cashback Credit Card – You get 10% cashback of up to Rs 1,000 on dining, food delivery and grocery. There’s a 1.5% cashback on other transactions, subject to exclusions. The joining and annual membership fee on this card is Rs 999.  

Also Read5 Best Travel Credit Cards In India

  1. Axis Bank Ace Credit Card – This card offers 5% on utility payments, and Google Pay payments on DTH and mobile recharge. There’s a 4% cashback on Swiggy, Zomato and Ola, while 2% on other spends. The annual fee is Rs 499.

  2. Yes Prosperity Cashback Credit Card – With this Yes Bank credit card, you get Rs 250 as welcome cashback and another Rs 250 on spending Rs 2,500 in the first 30 days. You also get 5% cashback on movie tickets and grocery shopping. The fee is Rs 999 plus applicable taxes.

  3. Citi Cashback Credit Card – This Citi Bank card offers 5% cashback on movie tickets, telephone bills and other utility bill payments. It also offers 0.5% cashback on other spends. The annual fee is Rs 500.

Conclusion

While selecting your preferred cashback credit card, don’t forget to compare other cards provided by these and other card issuers. This will ensure that you earn well on your transactions. Lastly, always use your credit card judiciously so that the repayment burden doesn’t disrupt your financial planning.  

Click here for the latest articles on Credit Cards

Also Read7 Best Credit Cards For Buying Grocery Or Essentials Online  

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.

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