WalletWalk presents the definitive guide to the best cashback credit cards in India for 2023. Cashback credit cards offer you the opportunity to earn money back on your purchases, making every transaction more rewarding. Our guide helps you compare different cards, examining cashback rates, annual fees, and additional benefits. Whether you are a frequent shopper or looking to maximise your savings on everyday expenses, we’ll help you find the card that gives you the most bang for your buck. Embark on your WalletWalk today and let us illuminate your path to financial savvy.
HDFC MoneyBack Credit Card
Cashback Rate: This card offers 2 Reward Points per ₹150 spent, with each Reward Point being worth ₹0.30 when redeemed as cashback.
Features: It provides a fuel surcharge waiver and zero liability on a lost card.
Fee: The annual fee for the HDFC MoneyBack Credit Card is ₹500.
Benefits: Cardholders enjoy revolving credit at a nominal interest rate and 50 days of interest-free credit from the purchase date.
Standard Chartered Ultimate Card
Cashback Rate: This card provides a cashback of 3.3% on all spends.
Features: It offers complimentary lounge access and a low foreign currency markup.
Fee: The annual fee is ₹5,000.
Benefits: Cardholders get dining benefits across partnered restaurants and a full waiver of the fee against an annual spend of ₹5 lakh.
Citi Cash Back Credit Card
Cashback Rate: This card offers a 5% cashback on movie ticket purchases, telephone bill payments, and all utility bill payments made through Citibank Online Bill Pay service.
Features: The card provides an automatic credit of cashback in multiples of ₹500.
Fee: The annual fee for this card is ₹500.
Benefits: Cardholders enjoy up to 15% savings across participating restaurants.
Axis Bank Neo Credit Card
Cashback Rate: Axis Bank Neo Credit Card provides 10% cashback on mobile recharges, online shopping, and taxi rides.
Features: The card also provides a comprehensive insurance cover.
Fee: The annual fee for the card is ₹250.
Benefits: Additional benefits include dining delight discounts at partner restaurants and conversion of purchases to EMIs.
Kotak Delight Platinum Credit Card
Cashback Rate: This card offers a 10% cashback on dining and movie expenses, provided you spend a minimum of ₹10,000 on non-dining and non-entertainment categories in a month.
Features: The card includes a fuel surcharge waiver and railway surcharge waiver.
Fee: The annual fee for this card is ₹299.
Benefits: Cardholders can avail of a maximum of two free PVR movie tickets every month when they spend ₹10,000 or more.
HSBC Visa Platinum Credit Card
Cashback Rate: This card offers a 1.5% cashback on all online spends after crossing the ₹10,000 spend threshold.
Features: The card offers a zero lost card liability and fuel surcharge waiver.
Fee: There is no annual fee for the HSBC Visa Platinum Credit Card.
Benefits: Cardholders can enjoy 3x rewards on dining, hotels, and telecom for the first 12 months.
Amazon Pay ICICI Bank Credit Card
Cashback Rate: This card offers a 5% cashback on purchases made on Amazon.in for Amazon Prime members and 3% cashback for non-Prime members. For other categories, it offers 2% cashback on 100+ Amazon Pay partner merchants and 1% cashback on all other categories.
Features: This card also provides fuel surcharge waiver at all fuel stations across India.
Fee: There is no annual fee or joining fee for the Amazon Pay ICICI Bank Credit Card.
Benefits: Cardholders enjoy no cost EMI on Amazon.in and a 1% cashback on all other spends—including fuel, dining, and even insurance payments.
Flipkart Axis Bank Credit Card
Cashback Rate: This card offers a flat 5% cashback on purchases from Flipkart, Myntra, and 2GUD, 4% cashback on preferred partners, and 1.5% cashback on all other spends.
Features: The card offers a fuel surcharge waiver and discounts on dining.
Fee: The annual fee for the card is ₹500.
Benefits: The cardholder gets a welcome benefit of up to ₹3,300 across various categories.
Paytm SBI Card
Cashback Rate: Paytm SBI Card offers 5% cashback on Paytm Mall, Paytm Flight and Hotel bookings, and 2% cashback on other Paytm categories and recharges.
Features: The card also includes a fuel surcharge waiver.
Fee: The annual fee for the Paytm SBI Card is ₹499, which is waived off on spending ₹50,000 in a calendar year.
Benefits: The card provides exclusive deals and discounts on dining and travel through the Paytm app.
Remember, while cashback is a great perk, it’s important to evaluate a credit card based on your specific spending habits and lifestyle needs. Also, ensure you pay off your balances in full each month to truly enjoy the cashback benefits.
Stay tuned to our blog for more insights and comparisons of credit cards and other financial products. Happy savings!
Disclaimer: The information provided in this article is accurate as of July 2023. For the most accurate and current information, please visit the official websites of the respective banks.